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The top 10 family offices for startup investments
  + stars: | 2024-11-15 | by ( Robert Frank | ) www.cnbc.com   time to read: +4 min
The top 10 family offices for startup investments made over 150 investments combined this year, in everything from biotech and energy to crypto and artificial intelligence, according to a new analysis. CNBC partnered with Fintrx, the private wealth intelligence platform, to analyze single family offices that made the largest number of investments in private startups in 2024. The most active family office so far this year is Maelstrom, the Hong Kong-based family office of American investor Arthur Hayes, who co-founded the crypto exchange BitMEX. For the sake of the list, family offices are defined as investment vehicles or holding companies of a single family or individual that don't manage money for outside investors. Nearly a third of startup capital in 2022 came from family offices, according to a PWC report.
Persons: Guillaume Houze, Pascal Le Segretain, Robert Frank, Bernard Arnault's, Laurene Powell Jobs, Peter Thiel's Thiel, Arthur Hayes, Guillaume Houzé, Motier, Andreesen Horowitz, Eric Schmidt, Magnus Carlsen, Fertility Organizations: Royal, Getty, CNBC, Fintrx, Ventures, Labs, Motier Ventures, Google, Flex, Mistral, Nvidia, Lightspeed, Atinum Investment, Emerson Collective . Thiel Capital Locations: Paris, France, Hong Kong, Lafayette, Seoul, Korea, Singapore
Laurene Powell Jobs is betting on these 11 AI startups
  + stars: | 2024-09-30 | by ( Robert Frank | ) www.cnbc.com   time to read: +1 min
Laurene Powell Jobs speaks onstage during TechCrunch Disrupt SF 2017. News that Laurene Powell Jobs is investing in a new artificial intelligence "computing device" highlights her growing appetite for AI startups, according to fresh data. The Emerson Collective, Powell Jobs' family office, investment company and philanthropy, has invested in at least 11 AI-related startups since 2022, according to data provided exclusively to CNBC by Fintrx, the private wealth intelligence platform. According to Fintrx, the Emerson Collective has participated in AI funding rounds totaling more than $1 billion. A representative for the Emerson Collective declined to comment.
Persons: Laurene Powell Jobs, Steve Jennings, Robert Frank, Powell Jobs, Fintrx Organizations: TechCrunch, Getty, Emerson, CNBC, Fintrx Locations: New York, San Jose , California, French, Norwegian
The $220 million round in May, which also included Aglaé, valued H at $370 million, according to the company. While the amounts of Aglaé's investments aren't disclosed, the funding rounds for the AI firms totaled more than $300 million, according to Fintrx. Aglaé also invested in a $25 million seed round for Lamini, a Palo Alto, California-based startup building enterprise AI applications. Aglaé joined Susquehanna to invest in the $27 million seed round for Toronto-based Borderless AI, a human resource management platform. Arnault and his family are, however, big art collectors, and Aglaé was an investor in a $9.5 million funding round for LaCollection, a digital art platform.
Persons: Google's, Wendy, Eric Schmidt, Aglaé, Arnault, Robert Frank Organizations: Accel Partners, Google, CNBC, Fintrx, Aglaé Ventures, Susquehanna, Toronto, Music Media, Back, Netflix, Spotify Locations: Palo Alto , California, New York, Photoroom, France, Paris, Sonarverse, Irvine , California, San Francisco, French, LVMH, Airbnb
Jeff Bezos' family office is making big investments in AI
  + stars: | 2024-08-02 | by ( Robert Frank | ) www.cnbc.com   time to read: +1 min
Jeff Bezos at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 10, 2024. All of the investments made this year by Bezos' family office — called Bezos Expeditions — have been in artificial intelligence, according to exclusive data provided to CNBC by FINTRX, a private wealth intelligence platform. While the amounts he invested are not disclosed, Bezos Expeditions participated in funding rounds totaling more than $1 billion. In February, Bezos Expeditions invested in Figure AI, the humanoid-robot company that also counts Nvidia and Microsoft as investors. In July, he invested in a $300 million Series A round of Skild AI, which is focused on making AI systems for machines and robotics devices.
Persons: Jeff Bezos, Robert Frank, Bezos, Organizations: Allen & Company Sun Valley, CNBC, FINTRX, Bezos Expeditions, Amazon, Expeditions, Nvidia, Microsoft Locations: Sun Valley , Idaho, Los Angeles
One former Apollo executive couldn't wrap his mind around how the firm got investors onboard with Harris' personal activities. One advisor to Harris' family office said there would be an internal conversation every year to ensure the proper expense allocations. Several former Apollo employees, however, said other Apollo executives were concerned about Harris' use of firm resources. Few if any sources Insider spoke with expected much to change in how private-equity executives managed their personal investments. The lawyer said that the documents often state that a firm's executives will dedicate "as much time as reasonably necessary" to managing their investments.
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