Investment

This week’s family/private investment office deals

Deal of the Week

A co-investment with a biotech fund.  More details here. 

Unspecified Rounds

Koc Holding, the conglomerate, holding, and investment group owned by the billionaire Koç family of Turkey, has invested in nanoGriptech, which manufactures and markets microfiber-based adhesive products. Koc Holding was one of seven investors committing $7 million to the Pittsburg-based company. 

Declaration Capital, the family office of David Rubenstein, co-founder of the Carlyle Group, and Dolik Ventures, a New York City-based investment group owned by the Nick and Corey Dolick, have invested $30 million in Vault Health, a New York City men’s healthcare group. 

Kuenheim Familiars, a German family office owned by Fabian von Kuenheim, has invested in High-Mobility,  a car data company. Kuenheim Familiars invested alongside two other backers; the amount wasn’t specified. 

Lodha Ventures, an investment group owned by Indian real estate developer Mangal Prabhat Lodha, has invested in MultiLiving, a real estate platform. Lodha Ventures committed $6 million to the Indian-based group.  

Seed

Silver Rock Group, a Dubai investment group owned by Ezzat Jallab, has invested in Aurus Technologies, a UK-based fintech linked to the gold market. Silver Rock seeded the startup with €1 million. 

Herenco Invest, an investment group owned by the Swedish Hamrin family, has invested in Lifvs, which runs small unmanned fully-stocked convenience stores in smaller communities. Herenco Invest committed an unspecified amount to the Swedish startup.  

Sorenson Impact, an investment group owned by the Utah-based Sorenson family, has invested in Lal10, a social venture for rural artisans based in India. Sorenson Impact led the round, worth $1.1 million; eight other investors participated. 

Series A 

Korys, the family investment group for the Belgium-based Colruyt family, has invested in Urbantz, a logistics platform. Korys invested €6 million alongside one other investor in the Belgian group. 

Goldbell Group, a Singapore holding/investment group owned by the Chua family, has invested in Pitstop, a repair and maintenance services group for cars. Goldbell and three other investors committing $2.5 million to the Indian-based group. 

The Godrej family, one of India’s wealthiest, probably through an investment vehicle, although Adi Godrej, chairman of Godrej Group, has told Family Capital in the past the family don’t have a family office, has invested $3 million in ZunRoof, a residential solar energy group. 

Sallyport Investments, a Houston-based investment group owned by Douglas Foshee, has invested in Validere, a Canadian oil testing group. Sallyport was one of three investors committing $15 million to Validere. 

Celeres Investments, a Hong Kong and London-based investment group believed to be owned by Hong Kong-based Trivedi family, has invested in Deep North, an analytical AI platform based in California. Celeres led the round, worth $25.7 million; two others participated. 

Seyen Capital, a Chicago-based venture group owned by George Spencer, has invested in PursueCare, a healthcare group. Seyen led the round for the Connecticut-based group; one other investor participated. The investment amount was unspecified. 

Series B 

Pawan Munjal Family Trust, an investment group set up by Pawan Munjal, who is part of the family who owns the Hero Group in India, has invested in Ola Electric, which leases electric cars and is a subsidiary of the much bigger mobile technology platform, Ola. Pawan invested $1 million in the Indian-based business. 

Series C

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 Shop 101, an Indian e-commerce platform. VY Capital was one of four investors committing INR286.9 million ($3.8 million) in Shop 101. 

Series F 

Horizons Ventures, Li Ka-Shing’s venture group, together with Serena Ventures, Serena Williams’ investment group, Bill Gates’ Gates Ventures, and London Impact Ventures, which is owned by two wealthy London-based investors of Syrian origin, Mohamad Esreb and Aboud Khaddam, have invested in Impossible  Foods, the plant-based food group. They joined celebrity investors including Shawn “Jay-Z” Carter and Katy Perry (altogether 21 investors participated in the round), in a total investment worth $500 million for the Californian-based group. 

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