Investment Premium

This week’s family investment deals

by

The Deal of the Week, involving a little-known London family office and a Belgian private investment group. More details here.

Pritzker Private Capital, part of the Pritzker Group, owned by JB Pritzker and his brother Tony, has acquired Californian-based KabaFusion, a provider of acute and speciality home infusion services. Pritzker Private Capital is investing alongside KabaFusion’s pharmacist-led management team, who will continue to lead the business. Terms of the deal weren’t disclosed.

W5 Group, the family office of Ralph Winter, a German-based property developer, is to invest along with property company, Medici Living Group, $300 million during the next three years, to develop co-living spaces across the US.

Declaration Capital, the family office of financier David Rubenstein, has invested in a hearing aid group called Lively. Declaration led the Series A round with one other investor, which was worth $16 million for the startup.

Long Light Capital, a New York-based private investment office of the Korsant family, has invested in RECVUE, a US-based contracts management platform. Long Light was one of three investors committing $5 million to the venture. Cota Capital, a private investment/venture group owned by Bobby Yazdani, also invested in the deal.  

Harbert Management Corporation, an investment group linked to the Birmingham, Alabama-based Harbert family, has invested in Educational Measures, a Denver-based live event technology platform. Harbert Management invested an unspecified amount with two other investors in a private equity round for the group.  

The Chan Zuckerberg Initiative, along with four other investors, have invested $100 million in New York-based Andela, which is attempting to solve the global technical talent shortage by building distributed engineering teams with Africa’s top software developers.

Omidyar Network, the impact investment group owned by Pierre and Pam Omidyar, has invested in Dailyhunt, a Bangalore-based eBooks company. Omidyar led the Series E round with three other investors worth $3.4 million in the group.

Winton Ventures, a venture group owned by David Harding, a UK-based hedge fund investor, has invested in Exonar, a UK software company that enables enterprise data to be better organised, de-risked and more productive. Winton was one of four investors in a Series A funding round worth £6.5 million for the group.

BPO Capital, a private investment group of the German-based Otto family, has invested in an online dating startup called LemonSwan. BPO was one of six investors backing the Hamburg startup with an unspecified amount.

Vulcan Capital, which is now owned by Paul Allen’s sister Jody Allen after his death last year, has led a seed round with Keeler Investments Group, which manages the money of the Keeler family, and five other investors into Sigma IQ, a spinout of Seattle startup studio Pioneer Square Labs. The round was worth $3.5 million.  

Cavallo Ventures, an investment group of Wilbur-Ellis, a privately owned family business owned by the Wilbur family, has invested in Crop Enhancement,  a venture-backed agriculture technology corporation. Cavallo Ventures was the only investor in a Series C round for the US-based group. No funding amount was given.

Tang Capital Management, an investment office owned by biotech specialist, Kevin C. Tang, has invested in Attune Pharmaceuticals, a biotech startup. Tang Capital was one of six investors in a Series B round worth $23 million for the US startup.

Raptor Group, the investment office of former hedge-fund manager Jim Pallotta, has invested in blockchain developer, Symbiont. Raptor was one of four investors in a Series B round worth $20 million for the US group.

 

Leave a Reply

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