Investment

This week’s family investment deals

Australian billionaires and co-founders of tech group Atlassian, Scott Farquhar and Michael Cannon-Brookes, have invested in Culture Amp, an employee organisational platform. Farquhar, through his investment group, Skip Capital, and Cannon-Brookes’ family office, Grok Ventures, both invested in a Series D funding round worth $40 million with four other investors in the Melbourne-based startup.

Canada’s Weston family’s Wittington Ventures has invested in a health platform called League Inc. Wittington was one of six investors committing C$62 million to the Canadian startup in a Series B funding round.

Kima Ventures, a venture group linked to French tech billionaire Xavier Niel, has invested in Totem, a Paris-based mini-cafeteria startup. Kima was one of three seed investors committing €1 million in funding.

YF Capital, an investment group owned by Jack Ma and David Yu, founders of Alibaba, have invested in Suning Sports, a China-based sports group. YF Capital was one of ten investors committing $600 million in a Series A funding round.

L Catterton, a private equity group with close links to Groupe Arnault, the family holding company of Bernard Arnault, has invested in ClassPass, a subscription marketplace that lets users find and book fitness classes. L Catterton invested alongside Singapore fund Temasek Holdings in a Series D funding round worth $85 million.

Hambro Perks, a UK venture group owned by Rupert Hambro, has invested in By Miles, a fintech group in the insurance sector. Hambro Perks was one of five investors in a seed round worth £1 million.

 

New family office

American billionaire Leon Cooperman is closing his Omega Advisors hedge fund firm, giving investors their money back, and converting Omega into a family office.  

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