This week’s family/private investment office deals

Family Capital’s Deal of the Week involves a UK investment group with aristocratic roots leading an investment round into a sustainable packaging company with other family offices as backers. More details here. 

Post-IPO Funding

PAI Capital, a London-based investment group owned by Nasib Piriyev, the son of Nizami Piriyev, an Azerbaijan-based entrepreneur, has invested VTRON Technologies. PAI Capital committed $212 million to the China-based IT group. 

Unspecified Rounds

Carl Westin, a Swedish family investment company owned by Christian Jansson and his son Carl Jansson, has invested in Practio, a healthcare platform. Carl Westin was one of three investors committing €8.2 million to the Copenhagen-based group. 

Ferst Capital Partners, owned by Canada-based Jay Ferst and family, has invested in auticon, a fintech platform. Ferst committed $3 million to the German group.  

Seed

AlTouq Group, which managers the investments of the Saudi-based AlTouq family, together with Nazer Group, a holding and investment group owned by the Saudi-based Nazer family, have invested in iKcon, a tech-enabled cloud kitchen operator. The two joined one other investor committing $5 million to the Saudi-based startup. 

Horizons Ventures, Li Ka-shing’s venture investment group, has invested in Atomo Coffee, a developer of molecular coffee. Horizons led the seed round worth $5 million; three other investors participated in the round for the Seattle-based startup.

Abu Dhabi based investment group, Chimera Investments, owned by Abu Dhabi ruling family, has invested in Zoi Meet, an enterprise AI meeting platform. Chimera led the seed round. Two other investors participated in the round for the Rotterdam-based startup. The amount of funding was unspecified.  

Series A 

Rinkelberg Capital, the London-based investment office of Corinne Vigreux who co-founded the Dutch consumer electronics company TomTom, has invested in Eggtronic, which makes AC/DC power converters. Rinkelberg committed $10 million to the San Francisco-based group. 

Duchossois Capital Management, a Chicago based investment office owned by the Duchossois family, has invested in Pattern, an e-commerce platform. Duchossois Capital was one of four investors committing $52 million to the San Francisco-based group. 

Series B

Dolby Family Ventures, a San Francisco based investment office owned by the Dolby family, has invested in Atomwise, which is developing artificial intelligence systems for drug discovery. Dolby was one of eight investors committing $123 million to the San Francisco-based group. 

Vulcan Capital, Jody Allen’s Seattle-based investment group, together with Blue Frog Capital, a Californian investment office owned by the Brody family, and nine other investors have invested in Springboard, an e-learning platform. The 11 investors committed $31 million to the San Francisco-based group 

Nolan Capital, the family office of Peter Nolan, together with Casdin Capital, an investment group owned by Eli Casdin, and 11 other investors have backed biotech group Taysha Gene Therapies. The 13 investors committed $95 million to the Dallas-based group. 

Series D

Burda Principal Investments, which is owned by German publishing billionaire Hubert Burda, has invested in Skillshare, an ed-tech platform. Burda was one of five backers committing $66 million to the New York City-based group.   

Series C 

Wittington Ventures, a Toronto based investment group owned by the Weston family, has invested in Nurx, a healthcare company. Wittington jointly led the round with one other investor; three others participated in the round worth $22.5 million for the San Francisco-based group.