Investment Premium

This week’s family investment deals

by

Deals

EQT Ventures, a Stockholm-based venture group with close links to the Wallenberg family; Omidyar Network, the impact-led investment group of Pierre Omidyar; and Chan Zuckerberg Initiative, have come together with six other institutional investors to back a social enterprise called Handshake. The San Francisco startup helps students find a meaningful career, no matter what school they attend, according to its website. The nine backers have committed  $40 million in a Series C funding round for the group.

In a one-off first, Black Spade Capital, the family office of gaming entrepreneur Lawrence Ho, has launched a Macau pataca-denominated corporate bond worth $250 million. Not only was the bond the first-ever MOP-denominated bond, but it appears to be the first-ever, certainly of such size, to be launched by a family office. The money raised by the bond will be directed at non-gaming projects that include property, leisure and cultural businesses, medical technology, green businesses and pre-IPOs, according to local reports.  

YF Capital, an investment group owned by Jack Ma and David Yu, founders of Alibaba, has invested in a Chinese space company called Data Enlighten. YF Capital was one of three investors funding the Beijing-based group with $14 million in a Series A funding round.

Daher Capital, the family office of Michel Daher, has backed a data startup called Pathmatics. Daher was one of seven investors backing the US group with $3 million in funding.

ICONIQ Capital, the multi-family office managing some of the assets of the richest US tech entrepreneurs, has invested in HeadSpin, a mobile performance and use experience platform. ICONIQ lead the Series B funding round worth $20 million with eight other investors.

Vulcan Capital, part of Paul Allen’s private investment office, Vulcan, has invested in Epic Games, a US-based video games developer. Vulcan was one of nine investors, which also included ICONIQ Capital, committing $1.3 billion to the group.

Khosla Ventures, an investment firm set up by Vinod Khosla, co-founder of Sun Microsystems, has invested in a food-tech group called Clear Labs. Khosla was one of five investors in a Series B funding round worth $21 million.

Evolve Ventures, a private investment group set up by Bo Shao, has invested in ONEDOME, a US digital technology company. Evolve has backed the group with $3.3 million in funding.

Talis Capital, a London-based family-backed venture group, has backed an insurtech group called omni:us. Talis was one of four investors in a Series A funding round worth €19.7 million for the Berlin-based startup.

 

Leave a Reply

Your email address will not be published. Required fields are marked *