Family Offices Industry News Industry Trends

Family Offices Providing More Startup Capital

By Kathleen Leahy

Family Offices Providing More Startup CapitalFamily offices have been active in making startup investments and closing deals as of late. Of note, the Pritzker Group looks to co-invest with other families. The investment group of brothers J.B. and Tony Pritzker wants to raise $1.5B for a new private-equity fund, according to The Wall Street Journal. Quoting people familiar with the matter, the report said the Pritzker Group will seed the fund with $750M of its own money. Also quoting people familiar with the matter, the Journal said the Pritzker group is part of a network of family offices organized by Ross Perot Jr.’s family office, but gave no further details about the network yet.  

Also of note, Tengelmann Ventures, a venture capital/private equity group owned by Germany’s Haub family, has backed a Munich-based startup called Blickfeld. Tengelmann has seeded the startup along with three other investors with $4.25M. The Haubs, one of Europe’s wealthiest families, also own Emil Capital Partners - which together with Tengelmann Ventures have made close to 70 investments in more than 40 companies.

Among other deals, Kulczyk Investments, a family investment group controlled by Sebastian Kulczyk, Poland’s richest man, has backed a Polish startup called Brainly. Kulczyk, along with four other investors, led Brainly’s Series B round worth $14M.

Esther Dyson, who owns an investment group called EDventure Holdings, has joined a group of seven other investors backing a startup called Mia Contacts. This group of investors is backing the San Francisco-based startup with $3M.

Family-backed venture capital group Talis Capital have co-invested in a startup called Homelyfe, which has launched an insurance app. Talis, along with another investor, has funded the group with £2.4M (~USD $3M). Earlier this month, the UK-based Talis Capital backed a finance company called PremFina.

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Source: http://www.famcap.com/articles/2017/10/26/nq-co-investment-initiative-by-big-family-group-familyfamily-office-deals


by Kathleen Leahy

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