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This week’s family/private investment deals

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Unspecified round

VY Capital, an investment group founded by Alexander Tamas, a Russian entrepreneur who helped set up Mail.ru, a Russian internet company, has invested in Elon Musk’s Boring Company. Also joining the investment round was Gigafund, set up by Luke Nosek, an associate of Peter Thiel, who helped set up the Founders Fund. Gigafund and VY Capital invested $120 million with five other investors into the Boring Company. 

JVC Investment Partners, an investment group owned by US healthcare investor David N. Jonas, has invested in Magenta Medical, an Israel-based healthcare group. JVC was one of three investors committing an unspecified amount to the group. 

SAB Holdings, an investment/holding group owned by Saudi Arabian-based Sheikh Salah al-Balawi, has invested in UrbanClap, an Indian marketplace for home services. SAB invested IR14.9 million ($215,000) with one other investor.

Seed

Marstar Investments, which manages the investments of US investors Steven and Brian Finn, has invested in BabySparks, an educational software group. Marstar was one of six investors committing $2 million to the startup. 

Jemison Investment Co., a private investment group founded by John S. Jemison in 1949 and now owned by his descendants, has invested in US-based Wyndy, an app that connects parents to college-enrolled babysitters. Jemison was one of two investors committing $1.7 million to the startup. 

OSO Holding, an Austrian-based investment group owned by Oliver Sonnleithner, who is linked to Austria’s biggest online recruitment platform, has invested in OKTAV, a smart sheet music platform that allows users to play their favourite music. OSO invested €500,000 in the startup. 

Series A 

Formica Ventures, an investment group owned by Sweden-based Bert-Åke Eriksson, a member of the shipowner family Olsson, has invested in Sierra Energy, a technology company that turns trash into energy without burning. Formica was one of six investors committing $33 million to the US-based group.

Stable Road Capital, a family office owned by Ed Freedman, and Serruya Private Equity, a Canadian family office owned by the Serruya family, have invested in Grenco Science, which develops user-friendly portable vaporizers. The investment amount wasn’t disclosed. 

Series B

Ansonia Holdings, the private investment office of Israel-based entrepreneur Idan Ofer, has teamed up with Shabtai Investments, the Israel-based investment office of Gilad Shabtai, to invest in Minute, a video optimization technology company. Ansonia and Shabtai, along with one other investor, invested $8 million in the group. 

Capricorn Investment Group, which represents the interest of Jeff Skoll as well as other investors, has invested in Sense, which specializes in developing and distributing tracking devices. Capricorn was one of nine investors committing $10 million to the US-based group. 

Werklund Capital, an investment group owned by Canadian entrepreneur David Werklund, has invested in ATTAbotics, which provides a robotic warehousing and fulfilment system. Werklund was one of five investors committing $25 million to the Canadian-based group. 

EQT Ventures, the venture investment group linked to the Swedish Wallenberg family, has invested in Standard Cognition, an artificial intelligence platform in the retail sector. EQT led the round with three other investors, which was worth $35 million for the US-based group. 

Series C

Omidyar Network, the impact investment group owned by Pierre and Pam Omidyar, has invested in Indifi Technologies, an Indian-based digital lending platform. Omidyar was one of five investors committing $21.3 million to Indifi. 

Series F

DST Global, the Hong Kong-based investment group owned by Yuri Milner, has invested in Nubank, a payments platform. DST togehter with Thrive Capital, an investment group owned by Joshua Kushner, and five other institutional investors committed $400 million to the Brazil-based group. 

Real Estate

An unknown family office together with Chicago-based family-owned real estate group Golub & Company have paid $80 million for one of Chicago’s best-known office blocks, the 585,000-square-foot Burnham Center. 

 

 

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