Investment

This Week’s Top Three Investments: Cannabis; Car-buying platform; Cherry juice

Car platform gets serious backing from family groups

A group of international investors have backed a fast-growing Indian car e-commerce platform with a big sum of cash. Exor Seeds, a US venture group owned by the Agnelli family, Moore Strategic Ventures, Louis Bacon’s investment group, along with two other investors, have contributed $200 million to CARS24. The Gurgaon-based group (a city just outside New Dehli), offers a tech-enabled marketplace for buying and selling pre-owned cars in India. 

The Series E round was led by DST Global, a Hong Kong-based fund owned by Russian billionaire investor Yuri Milner. Founded in 2015, CARS24 has grown rapidly, receiving close to $400 million in backing from both local and international groups. Moore Strategic Ventures, DST, and Exor Seeds backed the group in early rounds. 

One of Germany’s wealthiest families backs US juice company

Emil Capital Partners, a US-based investment group linked to the Haub family, owners of the huge German holding group, the Tengelmann Group, has signed a check for $15 million to buy a further stake in Cheribundi, a cherry juice brand based in Geneva, New York.

Emil, which backed Cheribundi in this latest Series B round, had funded the group, which was founded in 2004, in early rounds. 

Cannabis group gets seed finance from principal investment groups 

A group of principal investment offices have come together to invest in a cannabis brand. 

Enexis, set up by David Bonnier, a member of the Swedish Bonnier publishing dynasty, has partnered with TrueSight Ventures, and US cannabis fund, West Creek Investments, to seed Alphagreen Group, a London-based maker and seller of cannabis health products. 

The three groups committed £1.1 million to the startup. Enexis had earlier backed Alphagreen in a pre-seed round worth £500,000.

TrueSight Ventures, which is based in London, was set up by brothers Igor and Oleg Tikhturov, believed to be the sons of Evgeny Tikhturov, the finance director of Russia oil group, Tatneft.

Subscribe

You will need a Premium Plus Subscription to access this database.

Exclusive news, analysis and research on global family enterprise and private investment offices.

Access to the most comprehensive fully interactive database on global family offices, principal investment offices, and family enterprises.

Check Deal Data, Senior Staff, and New Analysis on more than 500 family/principal investment and holding groups

Already have an account? Login

Subscribe

You need at least a Premium Subscription to read this article.

The most comprehensive information service on the global family enterprise world, featuring exclusive news, analysis, research and data on global family enterprises, family offices, and private investment offices.

Premium

£ 299

Annually

  • Exclusive reports, analysis and commentary
  • Exclusive access to family/private investment office deal information
  • Exclusive interviews with principals and senior management of family/investment offices
Subscribe now

Premium Plus

£ 399

Annually

  • Access to All of Premium
  • Access to all of FamilyCapital Analytics, our interactive database with more than 500 detailed profiles of family investment groups

More Info

Subscribe Now

Already have an account? Login

Subscribe

Exclusive news, analysis and research on global family enterprise and private investment offices.

Membership

Free

  • Exclusive reports, analysis and commentary
Sign up

Premium

£ 299

Annually

  • Exclusive reports, analysis and commentary
  • Exclusive access to family/private investment office deal information
  • Exclusive interviews with principals and senior management of family/investment offices
Subscribe now

Premium Plus

£ 399

Annually

  • Access to All of Premium
  • Access to all of FamilyCapital Analytics, our interactive database with more than 500 detailed profiles of family investment groups

More Info

Subscribe Now

Already have an account? Login

Leave a Reply