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This week’s family investment deals

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The Deal of the Week involved a co-investment by a number of private investment offices and the venture groups of two family businesses. More details here.

Soros Fund Management, the investment group of George Soros, has signed a cheque with one other investor for $250 million for Vice Media, the Canadian-based media group.  

Access Industries, the holding and investment group of Len Blavatnik, has invested in Gett, a US on-demand transportation and delivery company. Access was one of four investors in a Series E round worth $200 million for Gett.

BRX, an investment group owned by Jennifer Lopez and Alex Rodrequez, has seeded Indian-based yoga and wellness startup SARVA, with $6 million.

River Bay Investments, an investment office owned by Florida-based tech entrepreneur Tom Leonard, has led a Series A investment round in Confiant, which protects digital publisher’s reputation and revenue with anti-malware software. River Bay invested $4.1 million with one other investor in the US-based group.

First Fellow Partners, a family office set up by the Finnish tech entrepreneur Risto Siilasmaa, has invested in Aito.ai, a predictive database for developers. First Fellows seeded the startup with €1 million. First Fellows also participated in a Series A round worth $9 million with two other investors in a Finnish data cloud group called Aiven

KAAF Investments, a Dubai-based family office connected to Michel Kanoo and his family, has teamed up with Bonnier Ventures, the corporate venture group of family-owned Swedish publishing group Bonnier, and backed Kitab Sawti, an Arabic audio entertainment service based in Dubai. KAAF and Bonnier committed $3 million in a private equity deal.  

Thrive Capital, an investment group owned by Joshua Kushner, has backed a management software group called Carta. Thrive participated in a Series E round with seven other investors worth $300 million for the US group.

Shumway Capital, the private investment office of Chris Shumway, has participated in a Series C round worth $20 million with five other investors in Elligo Health Research, a US health care group.

Lunsford Capital, the private investment office of Bruce Lunsford, has invested in Astarte Medical Partners, a US health care group. Lunsford was one of eight investors in a Series A round worth $5 million for the group.

Indian-based Kris Gopalakrishnan’s family investment vehicle Pratithi Investment Trust has invested in CureFit, an Indian health and fitness company. Pratithi was one of six investors in a Series D round worth $75 million for CureFit.

Man Capital, the London-based family office of the Mansour family, has backed an Indian-based educational advertising group called CollegeDekho. Man was one of two investors committing $8 million to CollegeDekho in a Series B round. Man has backed the group in earlier funding rounds.

Section 32, an investment firm set up by Bill Maris, has backed MedCrypt, a medical data company. Section 32 led the Series A round worth $5.3 million with two other investors in the US-based group.  

UK investor Jim Mellon, who owns a number of private investment groups, has invested in US biotech group Repair Biotechnologies. Mellon was one of four investors in a seed round worth $2.2 million for Repair.  

F-Prime Capital Partners, a venture group owned by the Johnson family, has invested in US biotech group Verve Therapeutics. F-Prime invested with three other groups in a Series A round worth $58.5 million for Verve. F-Prime has also backed with four other investors a medical data group called LunaDNA, committing $4.6 million.  

The family office of Suman Kant Munjal, who’s connected to the Hero Group in India, has invested an undisclosed amount in Atomberg Technology, which manufactures and sells energy-efficient ceiling fans in India.

 

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