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This week’s family investment deals

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Family Capital has written about two outstanding deals this week, Jim Simons investment in Alector, and Keller Enterprise investment in Adial Pharmaceuticals.

 

Deals

Witter Family Offices, which is owned by Michael D. Witter and Sherry Pryor Witter, has invested in Silvergate Bank, in advance of the bank’s Initial Public Offering announcement. Silvergate is a provider of financial infrastructure and services to participants in the digital currency industry.  Pryor Witter said the investment was a way to invest in digital currencies with less risk of the volatility often associated with the emerging technology. Terms of the deal weren’t disclosed.

Declaration Capital, the private investment office of private equity billionaire David Rubenstein, together with two institutional investors, has purchased an apartment community in Hyattsville, Maryland, for $42.6 million. Declaration also recently bought a residential community in Maryland called Silver Spring.

Alexandria Venture Investments, a private investment vehicle of Joel Marcus, has invested in biotech group, Maze Therapeutics. Alexandria Venture took part in a venture round with five other investors worth $191 million for the US-based group.

Cristina Stenbeck, a board member of Kinnevik, a private investment office owned by three Swedish families, has again backed Voi Technology, which makes electrically powered scooters systems. Stenbeck was one of fifteen investors in a Series B funding round worth $30 million for the Swedish startup. Stenbeck backed Voi in an earlier funding round.

Bezos Expeditions, the venture investment group of Jeff Bezos, has backed a Chilean food tech group called The Not Company. Bezos has committed $30 million to the group, which says it is combining AI with food-science to craft cutting-edge plant-based foods.

ICONIQ Capital, the investment office linked to a number of Silicon Valley billionaires including Mark Zuckerberg, has backed a US fintech group called Chime. ICONIQ was one of eight investors in a Series D round worth $200 million for the group.

Wu Capital, a Beijing-based family office owned by Yajan Wu, a prominent China-based real estate developer, has invested in a Shanghai-based furniture group called Smart Bees. Wu was one of two investors in a Series B round worth $3 million.

Cleon Capital, an investment group owned by Spanish investor Nicola Zambon, has invested in Algenex, a Madrid-based biotech group. Cleon was one of two investors committing €4 million to the startup.

Saffelberg Investments, a Belgian-based family office owned by the Saffelberg family, has invested in Pozyx, a hardware/software platform for accurate indoor localization. Saffelberg seeded the Belgian-based group with €1.3 million.

Dubai royal Sheikh Saeed bin Ahmed Al Maktoum’s investment group, The Private Office, is backing a cryptocurrency fund manager based in Liechtenstein called Invao Press reports said Sheikh Ahmed’s private office will help Invao, which invests in cryptocurrencies and blockchain startups, to secure funding from investors in the Gulf state.

A London-based private investment office called Flemyn, through an equity partner called 1Zone Capital, has acquired the PwC Tower in Rotterdam for €38 million. The seller was French real estate group Amundi.

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