Investment

This week’s family/private investment office deals

Family Capital’s Deal of the Week involves a UK family office investing in a fintech platform after seeing the startup. More details here   

Unspecified Round

Koch Disruptive Technologies, the venture group owned by Chase Koch, the son of multi-billionaire Charles Koch, has backed ProteanTecs, a software company that is developing a cloud-based platform to monitor chipset health. Koch led the $45 million investment for the Israel-based group. Also backing Protean was Atreides Management, a Boston-based hedge fund/investment group started last year by Gavin Baker, a former star manager at Fidelity. The round was also backed by one other investor. 

Inter Invest Capital, a Paris-based investment group owned by French investor Daniel Petit, has invested in Olympe, a real-time digital transformation software development platform for large companies. Inter Invest committed CHF2.5 million to the Swiss-based group. 

Seed

Station 13, a sister entity to JDS Sports, an investment group owned by investor Joseph Samberg, has backed Framework, a hybrid fund-operating company that invests in promising protocols and builds products to make those protocols succeed. Station 13 seeded the US-based business with $8 million. 

Prelude Ventures, a cleantech/impact investment group owned by Nat Simon, the son of Jim Simon, the founder of hedge fund Renaissance Technologies, has invested in Climax Foods, which is developing machine intelligence tools to create plant-based foods. Prelude was one of eleven backers committing $7.5 million to the San Francisco-based startup.  

Bling Capital, Ben Ling’s investment group, has invested in PrizePool, a fintech platform. Bling was one of five investors committing $4.3 million to the San Francisco-based startup.

Series A 

Agronomics, a listed food investment group founded by Richard Reed, a UK-based entrepreneur who co-founded Innocent Drinks before selling it to the Coca-Cola Company, and CPT Capital, Jeremy Coller’s private investment office, have invested in  Solar Foods, which makes nutrient-rich protein using only air and electricity as the main resources. The two investors joined three others to invest €18.5 million in the Helskini-based group. 

Tiga Investments, a Singapore investment group owned by hedge fund investor Raymond Zage, has invested in Cosmose, a platform developing a data analytics platform that predicts consumers’ offline shopping behaviours. Tiga led the round worth $15 million; two other investors participated in the round for the Shanghai-based group. 

Series B

WestRiver Group, an investment group owned by Erik Anderson, the executive chairman of Singularity University, has invested in Lumen Bioscience, a biotech group. WestRiver led the round,  worth $16 million, with one other investor. Two other investors participated in the round for the Seattle-based group. 

Series C 

Vulcan Capital, the Seattle-based investment group owned by Jody Allen, has invested in Neon, a digital bank. Vulcan was one of eight investors committing $300 million to the Brazil-based bank. 

Series D 

Toba Capital, an investment group owned by billionaire Vinny Smith, has invested in Conversica, which creates intelligent virtual assistants to serve as virtual team members. Toba was one of four investors committing $20 million to the San Francisco-based group. 

Chan Zuckerberg Initiative, Mark Zuckerberg and Priscilla Chan’s investment foundation, has invested in Eruditus, which collaborates with top universities to make executive education accessible globally. Chan Zuckerberg Initiative along with four other investors committed $113 million to the Singapore-based group. 

Series G

D1 Capital Partners, an investment group founded by former hedge fund manager Daniel Sundheim, has invested in Warby Parker, a designer eyewear brand. D1 led the $120 million investment in the New York City-based group; three other investors participated.

 

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