Investment

This week’s family/private investment office deals

Our Deal of the Week involves three family investment groups backing a food waste startup. More details here

Unspecified Rounds

Two family investment groups of the extended Pritzker family –  DNS Capital, owned by Gigi Pritzker and Michael Pucker, and Tao Capital Partners, owned by Nicolas Pritzker –  have invested in Activ Surgical, a digital surgery company. The two investors joined four others in a round worth $15 million for the Boston-based group. 

Killick Capital, the Canadian family office/private equity group of Mark Dobbin, has invested in Mysa, a smart thermostat for home heaters. Killick along with one other investor committed $3.2 million to the St John’s, Newfoundland-based group. 

Wharton Asset Management Company, a London-based family office owned by investor Gaby Salem, has invested in Neurovalens, a Belfast-based biotech group. Wharton was one of six investors committing £5.1 million to the group.  

Seed

Survam Partners or  Suman Kant Munjal Family Office, which is owned by Suman Kant Munjal, the founder of Hero Motors, has seeded Styledotme,  an augmented reality SaaS company based in Dehli. Survam led the INR30 million ($467,000) investment; one other investor participated.  

Billionaire Mark Cuban, probably through his holding group Mark Cuban Companies, has invested in Ready, Set, Food!, a platform developing a solution that makes it easy for parents to protect their babies from common food allergies. Cuban was one of three investors committing $3.3 million to the Los Angeles-based startup. 

Crista Galli Ventures, a London based investment group owned by an unknown Danish family office, has seeded QUIBIM, a biotech group. Crista was one of six investors committing €8 million to the Spanish startup. 

Bling Capital, Ben Ling’s investment group, has invested in Sprout Therapy, a healthcare group. Bling led the $10 million round for the San Francisco startup with one other investor; one other investor also participated. 

Series A 

Sorenson Capital, an investment group backed by the Utah-based Sorenson family, has invested in Qualio, a SaaS quality management platform. Sorenson was one of seven investors committing $11 million to the San Francisco-based group.  

Series B

Inbox Capital, which is owned by the Swedish Wattin family, has invested in VOI Technology, the Stockholm-based electric scooter company. Inbox was one of 10 investors committing $30 million to the group. 

Series C 

HP Wild Holdings, the investment and holdings group owned by Swiss billionaire Hans-Peter Wild, together with Ziff Capital Partners, an investment group owned by the New York City-based Ziff family, and TLP Investment Partners, which is owned by David Bunning, have all invested in Imvax, a biotech group focused on the development of vaccines and immunotherapy strategies for cancer. HP Wild Holdings led the $112 million round for the Philadephia-based group. Apart from Ziff and TLP, two others participated. 

Planven Investments, the Swiss-based family office of Carlo De Benedetti, has invested in Applicaster, a software group. Planven was one of six investors committing $11 million to the New York City-based group. 

WestCap, an investment group owned by US-based Laurence Tosi, has invested in Bolt, a payments platform. WestCap led the $50 million investment in the San Francisco-based group; four others participated in the round, including Glynn Capital Management, a Californian-based investment group owned by investor John Glynn.  

Compagnie Nationale à Portefeuille, an investment and holdings group owned by the Belgian Frère family, has invested in Moneybox, a mobile savings and investment app. CNP led the round worth £30 million with one other investor in the London-based group; another investor also participated 

Series E 

Horizons Ventures, Li Ka-Shing’s venture investment group, has invested in Hippo Insurance, a Palo Alto-based InsurTech group. Horizons was one of 16 investors committing $150 million to Hippo. Zeev Ventures, an investment fund owned by US investor Oren Zeev, was also one of the 16 investors.

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