Investment

This week’s family/private investment office deals

Our Deal of the Week involves two principal investment groups backing a novel room service idea. More detail here.

Private Equity

Hedge fund billionaire George Soros, through his family office, Soros Fund Management, invested in Rivian, a Michigan-based eclectic car marker. More details here. 

Unspecified Round

Louis Bacon’s investment group Moore Strategic Ventures has backed an electric car group Fisker. More details here. 

EQT Ventures, the Wallenberg-backed listed venture group, has invested in TrapLight Games, a gaming company. EQT led the round worth €8 million for the Finland-based group; three other investors participated.  

Milaya Capital, a London based investment group owned by Cyprian entrepreneur Yasam Ayavefe, has invested in Lanistar, a fintech group. Milaya committed £15 million to the London-based group. 

Meyer Equity, an investment group owned by US investor Owen Meyer, has backed Lucyd, an augmented reality smartglass and app developer. Meyer committed an unspecified amount to the Oaklahoma-based group.  

Seed

Horizons Ventures, Li Ka Shing’s Hong Kong venture investment group, has invested in Docket, a meeting software platform. Horizons was one of five investors seeding the Indianapolis startup with $1.3 million.

Bling Capital, Bill Ling’s investment group, has backed Opus, a SaaS platform. Bling was one of two investors seeding the New York City-based startup with $2 million. 

Series A 

Wu Capital, a Beijing-based family office owned by Yajan Wu, a prominent China-based real estate developer, together with F-Prime Capital, the venture group backed by the Johnson family, owners of Fidelity Investments, have invested in Citrine Medicine, a China-based biotech group. The two investors together with four others committed an undisclosed amount to Citrine. 

Two Bear Capital, an investment group owned by former Sequoia Capital partner Mike Goguen, has invested in TileDB, a Big Data software group. Two Bear Capital led the round worth $15.3 million for the Cambridge, Massachusetts-based group; four other investors participated.  

Eric Schmidt, possibly through his investment group Hillspire, Jeannette Fürstenberg, the German aristocrat and investor connected to La Famiglia, a European-based investment vehicle backed by some of Europe’s wealthiest families, together with eight other investors have backed Abacus.AI, an artificial intelligence research and cloud services company. The 10 investors committed $13 million to the San Francisco-based group. 

Series B 

Swarth Group, an investment company owned by Israeli billionaire Shaul Shani, has invested in XM Cyber, a cybersecurity group. Swarth was one of four investors committing $17 million to the Tel Aviv-based group. 

Section 32, the investment group founded by Bill Maris, and the investment office of Gigi Pritzker and Michael Pucker, DNS Capital, have backed Glympse Bio, a biotech group. Section 32 led the round, worth $46.7 million. DNS Capital and nine other investors also backed the Cambridge, Massachusetts-based group. 

Series C  

Eldridge, an investment group set up by billionaire Todd Boehly, has invested in Kernel, a neuroscience company that specializes in developing brain-recording technologies. Eldridge was one of six investors committing $53 million to the Los Angeles group. 

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