Investment

This week’s family/private investment office deals

Unspecified Rounds

ACE & Company, a Geneva-based investment group owned by Adam Said, the son of Fouad Said, an Egyptian American investor, has invested in H 55, an aviation group. ACE was one of three investors committing CHF20 million ($22.5 million) to the Swiss group. 

QuaeroQ, a privately-held investment fund owned by the Belgian Vyvere family, has invested in SweepBright, a real estate platform. QuaeroQ was one of eight investors committing €2.1 million to the Belgium group. 

Jerry Pruttz Holding, a Swedish investment group owned by local businessman Jacob Dalborg, has invested in Klevu, an e-commerce group. Jerry Pruttz was one of four investors committing $12 million to the Finnish group. 

Seed

B5 Capital, the family office of Mark Bailey, the founder of venture/private equity group DFJ Growth, has invested in Dobby, an AI-powered home management platform. B5 Capital was one of six investors committing $1.7 million to the Washington D.C.-based startup. 

Hello Ventures, a Canadian investment group owned by Scott Lake, co-founder of Shopify, has invested in Skygauge, which makes drones. Hello was one of four investors committing C$3.3 million to the Canadian startup. 

Vulcan Capital, Jody Allen’s investment group,  together with Nat Simons Prelude Ventures, have  invested in Recurrent, an electric vehicles e-commerce platform. The two investors together with four others committed $3.5 million to the Seattle startup. 

Venrock, the Rockefeller-backed venture fund, has invested in Luma, a video conferencing group. Venrock was one of two investors committing $3 million to the San Francisco startup. 

EQT Ventures, the Wallenberg family backed venture fund, has invested in Wonder, a video chat platform. EQT was one of two investors committing $11 million to the Berlin-based startup. 

Series A 

ACE & Company, a Geneva-based investment group owned by Adam Said, the son of Fouad Said, an Egyptian American investor, has invested in ANYbotics, a robotics group. ACE was one of three investors committing CHF20 million ($22.5 million) to the Zurich-based group. 

Cygnus Montanus Trust, an investment fund owned by Swedish businessman and chairman of Volvo, Carl-Henric Svanberg, has invested in Single Technologies, a biotech group. Cygnus was one of five investors committing €5 million to the Swedish group. 

Bezos Expeditions, Jeff Bezos’ investment group, has invested in Pave, an employee benefits platform. Bezos Expeditions was one of six investors committing $16 million to the San Francisco-based group. 

HOF Capital, a New York City venture group set up by Onsi Sawiris, the son of Egyptian billionaire Naguib Sawiris, has invested in tabby, a payments/billing platform. HOF was one of 13 investors committing $23 million to the Dubai-based group. 

The Chernin Group, which represents the investment interests of Peter Chernin, has invested in Hello Sunshine, a media company. The Chernin Group was one of two investors committing $5 million to the Los Angeles-based group. 

Cavallo Ventures, an investment group linked to Wilbur-Ellis, a privately owned family business owned by the Wilbur family, has invested Beta Hatch, which is involved in the production of insects as a sustainable protein for animal feed. Cavallo was one of four investors committing $9.3 million to the Cashmere, Washington-based group. 

Laurene Powell Jobs’ Emerson Collective has invested in Career Karma, a careers platform. Emerson Collective was one of 16 investors committing $10 million to the San Francisco-based group. 

Series B

Koch Disruptive Technologies – the venture group owned by Chase Koch, the son of multi-billionaire Charles Koch – has invested in Beyond Identity, which provides passwordless identity management solutions. KDT was one of three investors committing $75 million to the New York City-based group. 

Perscitus, the investment group owned by UK financier John Moulton, has invested in Pockit, a fintech platform. Perscitus was one of four investors committing £15 million to the London-based group. 

The family office (name unknown) of former Australia prime minister Malcolm Turnbull and his wife Lucy Turnbull, has invested in HealthMatch. The family office together with two other investors committed A$18 million to the Australian group. 

EQT Ventures, the Wallenberg family backed venture fund, has backed Luko, an insurance platform. EQT was one of 11 investors committing €50 million to the Paris-based group. 

F-Prime Capital, the Johnson family, owners of Fidelity, backed venture group, has backed Centivo, a healthcare group. F-Prime was one of ten investors committing $34 million to the New York City-based group. 

Series C

Koch Disruptive Technologies – the venture group owned by Chase Koch, the son of multi-billionaire Charles Koch – has invested in Dragos, an industrial cybersecurity company. KDT was one of nine investors committing $110 million to the Hanover, Maryland-based group.  

Series D 

Morningside Ventures, owned by the Chan family of Hong Kong, together with The Chernin Group, which represents the investment interests of Peter Chernin, have invested in EverlyWell, a digital health company. The two investors joined eight others with a commitment of $175 million to the Austin, Texas-based group.  

Manna Tree, a venture group co-led by Gabrielle “Ellie” Rubenstein, daughter of David Rubenstein, the co-founder of US private equity fund The Carlyle Group, has invested in Gotham Greens, which  builds and operates greenhouse facilities for fresh vegetable production. Manna Tree was one of two investors committing $42 million to the Brooklyn-based group.

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