Investment Premium

This week’s family investment deals

by

The deal of the week was a co-invest by two UK family offices. More details here.

Wenaas Group, a Norway private investment group owned by the Wenaas family, has invested in a hotel in Prague called the Don Giovanni. The terms of the deal weren’t disclosed. The purchase represents the 26th property purchase for the Wenaas Group, which has traditionally been associated with shipping

Werklund Family Office, the investment group of Canadian entrepreneur David Werklund, has acquired RS Technologies, a Calgary-based designer and maker of composite utility poles and structures. Terms of the deal weren’t disclosed.

YF Capital (Yunfeng Capital), an investment group owned by Jack Ma and David Yu, founders of Alibaba, has invested in a cyber-security group called Trusfort. YF Capital along with three other investors backed the China-based group in a Series C round worth around $44 million.

Pritzker Group Venture Capital, which is part of the Pritzker Group, the investment office of Tony and J.B. Pritzker, has invested in a data group called FreightWaves. Pritzker Venture Capital was one of 12 investors committed $20 million in a Series B round for the US-based group. The Pritzker Group has also invested in a US video games group called Lightstream. Pritzker was one of three investors in a Series A round worth $6 million for the group.

L Catterton, a private equity group with close links to Groupe Arnault, the family holding company of Bernard Arnault, has invested in ThirdLove, a US-based bra and underwear brand. L Catterton led the deal with Allen & Company, and with another eight investors in a Series A round worth $55 million.

Eric Schmidt, through his family office, Hillspire, has invested in Roadie, an auto-tech platform. Schmidt was one of three investors in a Series C round worth $37 million for the US-based group.

Octava Foundation, a Singapore family office owned by an unknown family, along with Goldbell Financial Services, an investment group linked to the Chua family in Singapore, have invested in Rely, a Singapore-based e-commerce platform. Octava and Goldbell backed the startup in a seed round with an unspecified amount.

Thrive Capital, an investment group owned by Joshua Kushner, and Bedrock Capital, an investment group set up by tech entrepreneurs Geoff Lewis and Eric Stromberg, have invested in Dipsea, which describes itself as the “first audio platform for sexual wellness.” The two investment groups seeded the US startup with $5.5 million.

Louis Dreyfus Corp, an investment group and holding company owned by the Louis-Dreyfus family, has invested in US agri-tech group, Motif Ingredients, which is involved in developing plant-based foods. Louis Dreyfus was one of two investors committing $90 million to Motif.

Rancilio Cube, the investment office of the Italian-based Rancilio family, has invested in a property tech group called Casavo. Rancilio Cube was one of seven investors in a Series A round worth $7.9 million for the Italian startup.

Swiss-based family office Caliza Holding has invested in a German-based energy group Electrochaea. Caliza invested alongside five other investors. Terms of the deal weren’t disclosed.

Breyer Capital, Jim Breyer’s venture investment group, has invested in CTRL-Labs, a US-based artificial intelligence group. Breyer was one of seven investors in a Series B round worth $28 million.

Revolution, the investment group founded by Steve Case, has invested in e-commerce group, Neighborhood Goods. Revolution was one of eight investors seeding the group with $8.8 million.

The Chernin Group, which represents the investment interests of Peter Chernin, has invested in The Action Network, a US-based sports content startup. Chernin invested alongside Fertitta Capital, an investment firm owned by Lorenzo Joseph Fertitta, with both committing $17.5 million in a Series A round for the startup.

Aslanoba Capital, a private investment office of Hasan Aslanoba, a Turkish venture investor, has invested in a Swiss fintech group called Colendi. Aslanoba was one of three investors committing $250,000 to the startup.

 

Leave a Reply

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