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This week’s family investment deals

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Dentressangle, a family office owned by the Dentressangle family in France, have acquired a minority stake the Acteon group, which specializes in dental equipment and medical technology. Dentressangle bought the stake from private equity group Bridgepoint Development Capital. Terms of the deal weren’t disclosed.

Vulcan Capital, part of Paul Allen’s family office group Vulcan, has invested in Grab, a ride-hailing platform. Vulcan Capital invested with eight other investors, all institutional, in a corporate round worth $1 billion for the Singapore-based group.  

Al Zarooni Emirates Investments, an investment group owned by the Al Zarooni family, has acquired a minority stake in a lifestyle app called the The Entertainer. Al Zarooni, and another prominent UAE family that control the conglomerate Al Futtaim, co-invested an undisclosed amount in the Dubai based start-up.

MSD Capital, the family office of Michael Dell, was one of nine investors backing Gusto, which provides cloud-based payroll, benefits, and human resource management. The investors backed the San Francisco startup with $140 million in a Series C funding round.

Point72 Ventures, a venture investment group owned by Steve Cohen, was the lead investor in a Series B funding round worth $20 million for inVia Robotics. Two other investors participated in the round for the Californian robotics group.

Myer Family Investments, a family investment group controlled by the Australian Myer family, has invested in a fintech group called Judo Capital. Myer Family Investments was one of four investors committing A$140 million in a venture round for the Melbourne-based startup.

Desmarais Group, family office controlled by one of Canada’s richest families, was the lead investor in a New York feminine care startup called Athena Club. Desmarais Group invested alongside Henry Kravis, the co-founder of private equity group KKR, and two other investors, in a seed round worth $3.8 million.

Wildcat Capital Management, a family investment group owned by David Bonderman, has invested in Willow, which makes disposable underwear. Wildcat was one six investors that seeded the New York-based group with $2.5 million.  

Botín Foundation, a private charitable foundation owned by Spain’s Botín family, has invested in a biotech group called EpiDisease. The foundation was the only investor in a seed based round worth $344,000 for the Spanish startup.

Chan Zuckerberg Initiative, an investment office owned by Mark Zuckerberg and his wife Priscilla Chan, has invested in a financial aid group called RaiseMe. The office was one of four investors in a Series B impact investment round worth $15 million for the Californian startup.

YYX Ventures, a UK venture group/family office owned by James Cox, has invested in a startup called Waldo, which delivers daily contact lenses on subscription. YYX Ventures was one five investors in a Series A funding round worth £3.7 million for the London-based group.

Reimagined Ventures, an investment group owned by hedge fund manager Alec Litowitz, has invested in Mobile Doorman, which connects residents on their mobile devices. Reimagined was the lead investor with six other investors in a Series A funding round worth $2 million for the Chicago-based startup.

 

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