Otium Capital, the family office of French entrepreneur Pierre-Edouard Stérin, founder of the SmartBox Group, is investing in Quantum Genomics’ new funding round in the amount of of €20M. The deal will help the company to advance its ongoing clinical research and strengthen its industrial production and commercial operations.

Quantum Genomics: biotech startup focused on cardiovascular drugs

The company, which is listed in the Euronext Growth Exchange in Paris, is specialized in the development of a new class of cardiovascular drugs acting directly on the brain to treat difficult-to-treat/resistant arterial hypertension and heart failure. 

Quantum Genomics‘ goal is to develop innovative treatments for complicated, or even resistant, cases of hypertension (around 30% of patients have poor control of their condition or receive ineffective treatment) and for heart failure (one in two patients diagnosed with severe heart failure dies within five years).

Otium Capital: leading French single family office in venture capital

Pierre-Edouard Sterin, SmartBox’s founder and CEO, owns a very strong but diversified portfolio of investments in companies from the consumer goods, entertainment, tech, B2B, and healthcare industries through his family office Otium Capital. Also, some of Otium’s portfolio companies already successfully exited, standing out the one from La Fourchette, “one of the most successful startup exits in France by that time”.

Source: MarketScreener. 03.12.2020
Picture Source: Freepik

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Former Australian prime minister Malcolm Turnbull and his wife have invested in the €18M funding round of the Australian health-tech startup HealthMatch through their family office. The funding round, which follows a $6M Series A announced in November 2019, will be used to grow HealthMatch’s team to continue developing the product, and to push market launch and strength in the Asian market. 

HealthMatch: solutions for the $1B clinical trials industry

Founded in 2017, HealthMatch matches upcoming clinical trials with patients who meet the specific requirements and want to be part of it. Thanks to the experienced user base’s exponential growth (from 8,000 people in February 2020 to 80,000 nowadays), the company is now placing some 2,000 people into clinical trials each month, for treatments tackling everything from cancer to eczema to endometriosis. Despite the Covid-19 crisis has raised awareness and relevance for this pressing issue to the general population, the need has always been there. So many people put their lives hopes into these clinical trials’ success, even though many times they do not even know about their existence.  The company’s platform closes this gap and this match not only gives patients access to potentially revolutionary new treatments that may help them live better or even save their lives but helps also the industry to find eligible candidates and to speed up the entire drug development process

Turnbull Family Office: Investing in Australian Startups

Malcolm Turnbull and his wife, former chair of the biotech company Immutep, are not only investing in a successful-potential company but in a game-changing platform to foster research and pharma solutions for many others. They own a big fortune due to many successful operations and investment positions in quite profitable funds. Among them, it stands out the deal of OzEmail, one of Australia’s first internet service providers. Malcolm reportedly bought a stake for $500,000 in 1994 and sold it for $57m five years later.

Source (1): SmartCompany. 08.12.2020
Picture Source: Freepik

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In our new article series, we introduce the most exciting venture capital firms that are open for LP investments to our family office network. The article belongs to our exclusive single-family office guidebook, where we give guidance on the most relevant topics for newly established and already existing family investment vehicles.

In this article, we talked to IgniteXL Ventures, a women-led seed and pre-seed stage venture fund that is focused on the digitalization of the wellness and beauty industry. With a diversified portfolio of companies worldwide, they are fostering the overall industry tech revolution.


Familyofficehub.io (FO): Briefly describe your focus: in which kind of startups are you investing, where is your geographical focus, what’s your average ticket size?

IgniteXL Ventures: We are a Silicon Valley-based $10MM global seed fund immersed in the $5T global wellness market igniting game-changing founders and investing in startups at the intersection point of technology, beauty, and wellness.  With the advancement of technology and the rise of conscious consumers who demand authenticity, sustainability, transparency, and inclusivity, the beauty and wellness market is ripe for digital and cultural transformation. It also represents excellent investment opportunities to investors with high margins, recurring purchases, attractive exit opportunities, and its resilience to recession as seen during this pandemic. 

We currently have investments in the US, Korea, Brazil, and the UK. Our check size ranges from $100K to $500K.

FO: What are exciting companies in your portfolio – and why?

IgniteXL: We would like to highlight these dynamic companies in our portfolio:

  • Bubble – First, modern affordable science-based skincare formulated specifically to clean, balance, and hydrate teenage skin using all plant-based, sustainable, and cruelty-free ingredients.
  • Dr. Jones – Subscription-based men’s personal care brand aiming to be the next Dollar Shave Club in Brazil.
  • Oros – Outdoor apparel brand leveraging proprietary NASA insulation technology to create the warmest outerwear without the usual bulkiness. Oros recently launched a limited edition 39A Flight jacket signed by Kathy Sullivan, the first American woman (and human) to spacewalk and go to the deepest part of the ocean. Oros sold out of the 39A Flight Jacket within an hour of its release with 23,000 on a waitlist.
  • Wild.ai – An AI-based coaching app that leverages menstrual health data to optimize women’s peak performance.  Wild.ai provides the knowledge, support, and power for women to perform at their best.

FO: Why should a family office invest in Ignite XL Ventures as LP?

IgniteXL: By investing in igniteXL Ventures, European family offices have:

  • Access to a robust pipeline of deals and opportunities to invest alongside us.
  • Access and insight into the latest technology, market, and global trends in the beauty & wellness industry.
  • Gain outsized returns by investing in an emerging fund led by women investing in diverse teams breeding innovation.
  • Assurance that every aspect of what we do is focused on helping our startups succeed.

FO: Are you also open to investments from European family offices?

Ignite XL: We welcome the opportunity to work with European family offices to expand our global LP reach and find synergy within our respective network.

FO: Thanks for your time!


Headquarters: Silicon Valley, USA
Website: IgniteXL Ventures


In our new article series, we introduce the most exciting venture capital firms that are open for LP investments to our family office network. The article belongs to our exclusive single-family office guidebook, where we give guidance on the most relevant topics for newly established and already existing family investment vehicles.

In this article, we talked to 100X.VC, an Indian-focused seed-stage venture capital that focuses on founders with a great product and market potential, but that do not have the right expertise to carry on with the scaling of the company. The firm provides funding, mentoring, and experience, together with unlocking access to more investors.


Familyofficehub.io (FO): Briefly describe your focus: in which kind of startups are you investing, where is your geographical focus, what’s your average ticket size?

100X.VC: We are a SEBI-registered AIF and Registered Investment Adviser. Sponsored by Mehta Ventures Family Office, we are focused on helping Indian entrepreneurs to scale, since we believe founders at the seed stage need business direction, mentoring, and lots of preparation before scaling up. By deploying around USD 3-5 Million every year in startups, we become the de facto lead Investor and promote the startup to get discovered by growth-stage investors for a larger capital fundraise.

This has enabled us to reach a certain position where once a startup is funded by 100X.VC, they become part of an experienced set of VC Partners who have unparalleled access to a network of investors in India and across the world to help raise capital to scale up.

We provide startups seed capital of INR 2.5 million using iSAFE notes as the first cheque for India domiciled startups.

FO: What are exciting companies in your portfolio – and why?

100X.VC: Among our portfolio, we had two unicorn-valuated startups.

Oyo Rooms: It is an online hotel booking site and it is considered the hotel group with the fastest growth metrics worldwide. We exited our position and earn an exit return of 280X from the valuation we invested in.

Block.One: We performed a partial exit from our initial position and yielded a 6,567% return.

FO: Why should a family office invest in 100x.VC as LP?

100X.VC: We do solicit investments for the 29 portfolio companies where we have invested the first cheque.
Firstly, family offices get unparalleled access to Indian startups with a credible and curated deal flow with 100X.VC as the lead investor. Also, we enable them to perform direct investments on our portfolio companies with no fees nor costly and long due diligence processes, thanks to our already performed procedures and our direct contact with the founders and their day-to-day operations.

FO: Are you also open to investments from European family offices?

100X.VC: Yes, we welcome the European family offices who are interested in Indian startups! Investing in 100X deals there will always be the comfort of the company being mentored and helped periodically while subsequent round investors are doing their daily jobs.

FO: Thanks for your time!


Headquarters: Mumbai, India
Website: 100X.VC


In our new article series, we introduce the most exciting venture capital firms that are open for LP investments to our family office network. The article belongs to our exclusive single-family office guidebook, where we give guidance on the most relevant topics for newly established and already existing family investment vehicles.

In this article, we talked to Mustard Seed MAZE, a Lisbon-based impact VC that invests in seed and early-stage rounds to partner with companies that value social impact as much as profitability. If you believe economic profit must be equal to social profit, keep reading!


Familyofficehub.io (FO): Briefly describe your focus: in which kind of startups are you investing, where is your geographical focus, what’s your average ticket size?

Mustard Seed Maze (MSM): We are a joint venture between Mustard Seed and MAZE and we identify ourselves as a pan-European impact VC firm that invests in bold entrepreneurs that create sustainable businesses to solve the greatest social and environmental challenges of our time. Based in Lisbon and London, and with almost €100M under management, we have invested in European-based startups such as Platypus, Student Finance, and many others.

We invest from early-stage to seed with an average investment size between €500k and €1m.

FO: What are exciting companies in your portfolio – and why?

MSM: It is hard to pick!

Winnow has done a lot to reduce food waste globally. It is now operating in 17 countries and is saving food worth thousands of meals every day.

What3Words is a geolocation tool used by hundreds of logistics operators making previously unaddressed parts of the world, particularly in poorer areas, far more accessible.

Knok is providing telemedicine services in Europe, Brazil, and India, with thousands of consultations in process.

We are also excited about how Omocom and Rnters are contributing to the circular economy revolution. Last but not least, we have great hopes for Careship, which we see as an important solution in elderly care and companionship, where there is a great deal of isolation and neglect right now.

FO: Why should a family office invest in MSM as LP?

MSM: A family office should invest in MSM to profit from a global trend that can be summarized in our investment thesis: we believe that impact is the greatest economic opportunity of our time, since:
1. The 17 UN SDGs can be estimated to cost the global economy in excess of $10T. Global problems are also global opportunities for change.
2. Millenials are increasingly conscious of how they spend their money and their time: they prefer purpose-driven companies to work for, they are willing to pay more for sustainable products and services and they are conscious about their investment decisions.

Therefore, we anticipate that the great businesses of the future are those that profit from solving social and environmental challenges. At MSM, we only invest in business models where the driver of revenue is the same as the driver of impact. We call this ‘lockstep’.

FO: Are you also open to investments from European family offices?

MSM: Sure! We would like to welcome European family offices aboard.

FO: Thanks for your time!


3 Questions To Mustard Seed MAZE: The European Impact VC Investor

Headquarters: Lisbon, Portugal
Website: Mustard Seed MAZE


In our new article series, we introduce the most exciting venture capital firms that are open for LP investments to our family office network. The article belongs to our exclusive single-family office guidebook, where we give guidance on the most relevant topics for newly established and already existing family investment vehicles.

In this article, we talked to MaC Venture Capital, a Silicon Valley-based seed-stage venture capital firm that holds a wide and well-diversified portfolio of startups from many fields and that have experienced outstanding success, generating great returns for the firm. Certain traits differentiate them from other seed-stage firms, and financial success is a fair prove of it.


Familyofficehub.io (FO): Briefly describe your focus: in which kind of startups are you investing, where is your geographical focus, what’s your average ticket size?

MaC Venture Capital: We are a seed-stage firm with a team split between Northern and Southern California. We consider companies in any geography. We look for software-centric startups led by exceptional technical founders building both consumer and enterprise businesses. Given MaC’s partners’ background in government, corporate venture, and entertainment, we look for companies building disruptive businesses in different areas. The ones we are more focused on are media and entertainment, immersive reality, e-commerce and marketplaces, health and wellness, and areas in which have exposure to government buying or regulation.

Our initial checks are up to $1.5M. For that amount, we usually get around 10% of the company’s ownership.

FO: What are exciting companies in your portfolio – and why?

MaC VC:

  • Ready Responders is a company changing the nature of emergency services. We invested at a $6M valuation and the latest valuation is $350M.
  • Cue Health led the NBA’s efforts to protect their bubble from COVID. The company is raising a round at a $2B valuation.
  • Manticore Games is building a UGC gaming platform that is a more AAA Roblox. We invested at a $15M valuation and the company last raised at a valuation of $300M.
  • Airspace Technologies is a shipping service for critical, valuable goods and has seen incredible growth. We invested at a valuation of $13M and they last raised at a valuation of $393M.
  • Finally, PlayVS is building the high school and colligate infostructure for eSports. We invested at a $35M valuation and the company is currently valued at $626M.

FO: Why should a family office invest in MaC as LP?

MaC VC: There are three things that collectively make MaC different from any venture fund in the world:

1) We are a diverse team of GPs and the firm is majority minority-owned;

2) We are one of the only seed funds to have a physical presence in both northern and southern California giving us access to the best deal flow out of both tech ecosystems; and

3) We are the only fund to count a former large-city Mayor (Washington DC) and a former Hollywood Super-Agent (WME) as GPs.

Our past fund performance has shown we can build a portfolio of founders that is 50%+ under-represented rounders while maintaining a top 25% performance benchmark. We see unique deals and value companies in ways that are different from any other VC firm. Additionally, we have raised capital from LPs that include Greenspring, University of Michigan, Plexo Capital, Attento Capital (and arm of the George Kaiser Family Foundation), Goldman Sachs, The Libra Foundation, and many other foundations and family offices.

FO: Are you also open to investments from European family offices?

MaC VC: We are open to investment from European family offices.

FO: Thanks for your time!


Headquarters: Silicon Valley, California.
Website: MaC Venture Capital


In our new article series, we introduce the most exciting venture capital firms that are open for LP investments to our family office network. The article belongs to our exclusive single-family office guidebook, where we give guidance on the most relevant topics for newly established and already existing family investment vehicles.

In this article, we talked to FEBE Ventures, the “For Entrepreneurs By Entrepreneurs” Southeast Asia-based VC fund. Their proprietary deal flow and region-centric approach makes them one of the most relevant early-stage Singapore and Vietnam funds, and enable them to not only generate outstanding returns but a positive impact on Southeast Asia society.


Familyofficehub.io (FO): Briefly describe your focus: in which kind of startups are you investing, where is your geographical focus, what’s your average ticket size?

FEBE Ventures: We are an early-stage fund with an emphasis on the Vietnam and Indonesia technology ecosystems and a focus on technology-enabled education, healthcare, logistics, and fintech companies. Our regional approach allows us not only to have proprietary access to the deal flow of exceptional companies, in which our strategy is to help them succeed locally first and then scale regionally, but it also establishes us as a preferred strategic investor for top regional companies wanting to scale to Vietnam & Indonesia. We are focused in companies that are in their range of Seed to pre-Series A.

After signing the first check of about USD 250k to 500k, we will then offer our resources to help founders achieve their ambitious plans, to later on investing larger amounts for follow-on investments.

FO: What are exciting companies in your portfolio – and why?

FEBE Ventures: We would like to highlight 2 of our portfolio companies: Nano and Zenyum. In addition to stellar growth and traction, these two businesses are also exemplary of our investment & operational thesis.

Nano is an Early Wage Access business in Vietnam. We supported their MVP, which was also deployed in our network of companies for early adoption and customer feedback. We also helped them to syndicate a seed round.

Zenyum is a dental startup based out of Singapore. We were able to participate in their very competitive round alongside Sequoia. We helped them scale-out of Singapore into Vietnam. Since our investment, they have expanded to multiple Southeast Asian countries and have tripled their monthly revenue.

FO: Why should a family office invest in FEBE as LP?

FEBE Ventures: We are not only investors with deep experience in building our own conglomerates from scratch, but we have invested and supported many projects from the idea stage into huge commercialized businesses as well. Our strategy and results on identifying opportunities, generating added value, and risk management speaks for itself. More importantly, the very purpose we’re doing this is to create a network of seasonal investors that are passionate about moving beyond their traditional ways of generating returns for themselves to still engage in the formation of the most innovative and impactful companies in the region.

FEBE is composed of many affluent family offices, conglomerates, and individuals from around the world. We count over our LPs high-tech experienced executives like chiefs of Google, LinkedIn, and Netflix for Asia-Pacific. Of the 7 investments, 3 are co-investments with Sequoia Capital, 2 with FJ Labs, and 1 with SoftBank.

FO: Are you also open to investments from European family offices?

FEBE Ventures: Yes, we share co-investment opportunities with FEBE LPs

FO: Thanks for your time!



Headquarters: Singapore
Website: FEBE Ventures


In our new article series, we introduce the most exciting venture capital firms that are open for LP investments to our family office network. The article belongs to our exclusive single-family office guidebook, where we give guidance on the most relevant topics for newly established and already existing family investment vehicles.

In this article, we talked to Cogito Capital Partners, a venture capital fund focused on B2B markets and on the pre-scaling stage. This company, run by very experienced venture capitalists, aims to invest in late stages in companies that have already a well-developed product and some sales track record, and are looking for scaling their product worldwide.


Familyofficehub.io (FO): Briefly describe your focus: in which kind of startups are you investing, where is your geographical focus, what’s your average ticket size?

Cogito Capital: Our first fund is focused on B2B technology startups in fintech, enterprise software, MedTech, and mobility/IoT.  We invest in “post-product / pre-scaling” companies that already have a working product/service, their first customers, and who need support in scaling their business (we invest in late Series-A and Series-B stages).
Our focus is on European companies, operating in Central and Eastern Europe, but with a clear global market potential, whom we support in expanding internationally, with the focus on the US market.

Our minimum investment size is EUR 2M.

FO: What are exciting companies in your portfolio – and why?

Cogito Capital: In our first 18 months we have made four investments so far and we expect to close the fifth one before the end of the year. Our current portfolio includes:

  • MarketFinance.  A market leader in Europe in providing invoice financing and loans to small and medium-sized businesses (over GBP 3 bn in transaction volume)
  • Finom. A neo-bank for SMEs providing a unique suite of financial management and accounting solutions to European small and medium-sized businesses in a single mobile app-based service
  • Applica. It offers an AI-based platform for contextual extraction of information from unstructured (e.g. contracts) or semi-structured (e.g. invoices, receipts, forms) text sources. Gartner named them a “Cool Vendor of 2020 in Natural Language Processing”
  • HomeDoctor.  A market leader in Poland in telemedicine consultations, doctor home visits, and home delivery of prescription medications, aiming to become a regional leader
  • Our upcoming investment is in a 5G software company that is at the forefront of innovation in the 5G small cell management area.

FO: Why should a family office invest in Cogito Capital as LP?

Cogito Capital: Cogito Fund I is uniquely positioned to address the capital availability gap at the growth stage in CEE. The CEE region has many active seed-stage funds, but very few funds that focus on the later stage. Our other distinction is that we operate out of offices both in Europe (Warsaw) and the US (NY) which enables us to support our portfolio companies in their expansion to the US market and to provide exposure to US investors. The Cogito team is comprised of experienced venture capitalists who have historically generated solid returns to their investors in their previous funds (our investment track record prior to Cogito Fund I is 5.3x times money, including a unicorn exit).

FO: Are you also open to investments from European family offices?

Cogito Capital: We are open to investments from European family offices and most of our investors are from Europe. Our investors have the right to co-invest in target companies alongside the Fund. The final closing of the Fund is scheduled for March 2021.

FO: Thanks for your time!



Headquarters: Warsaw, Poland.
Website: Cogito Capital Partners


Paul Foster’s Family Office invests in €1.49M round of Purple Dot to disrupt the retail and fashion discount dynamics. Other investors were Connect Ventures, AI Seed, Moxxie Ventures, Andy Chung and Philipp Moehring (from AngelList), and Vijay Pandurangan and Alex Roetter (both ex-Twitter).

Purple Dot: Finance in fashion for a full business model turnaround

Purple Dot could be described as the ‘worth-the-wait’ payment option for fashion brands. With its technology, they aim to disrupt the fashion industry and its outlet and discount sales model.

When shopping online today, customers can either pay the retail price or walk away. This means paying more than what you can afford or forcing the retailer to sell the product at a loss. Purple Dot allows customers to buy products sustainably, ending poor pricing tactics and profit-crunching sales at the same time by enabling them to make an offer for a product they want but is too expensive.
Once they have sent the offer, which is paid upfront, it is up to the retailer to accept the offer. In case they do not, customers will receive a full refund. 

As the general discounted price does not fall below a 10-20% reduction from the original price, it helps fashion brands reduce losses from discounting, as ‘outlet’ style discounting usually implies a 60-80% discount on the price and also contributes to enabling the sell of wasted inventory.

This new way of online fashion purchasing can definitely help end the consumerism wheel this industry has gotten into and raise awareness on the climate and labor issues the current industry’s business model is generating.

Paul Foster: A successful startup investment record

Paul Foster, the co-founder of the leading job site Indeed (which was sold to the Japanese Recruit Holdings in 2012), is an active seed and early-stage investor. Previous investments of the Foster family office were Monzo, Thriva, or Cargo Mate. One of his investments, Twizoo, was already acquired by Skyscanner. 

Source: EU Startups, 11.11.2020
Picture Source: Purple Dot

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Meg Whitman and its Family Office led the Immortals Gaming Club US$26 M Series B-1 funding round to strengthen its own eSports brand and professional teams. Further investors include AEG and March Capital Partners.

According to the company’s CEO, Ari Segal, the funding will be used to acquire and grow esports brands and titles under the Immortals umbrella as well as invest in the geographical expansion of IGC’s Gamers Club, a multiplayer competitive matchmaking service and social club for gamers. 

Whitman, who is an existing investor and member of the board of the Immortals Gaming Club, said in a statement that the round shows the business opportunities available in the emerging and dynamic eSports market.

Immortals: The successful and diversified eSports company 

The North-American company Immortals Gaming Group, founded in 2013, owns and operates several eSports brands, including eSports organization Immortals, Overwatch League franchise Los Angeles Valiant, Brazilian Counter-Strike: Global Offensive team MiBR, and matchmaking platform Gamers Club. It has grown its core subscriber base by 400% since it raised $30 million to boost the business in May 2019, and is now active in six countries.

The company used to own the Los Angeles Call of Duty League franchise. However, due to the big investments forwarding the team did require, Immortals sold it to 100 Thieves for an undisclosed amount. This strategic move happens as the organization is experiencing significant growth for its Gamers Club platform in Latin America and they consider it more valuable to scale down on franchise obligations to be able to better balance out their professional eSports and community-centric efforts. 

Meg Whitman’s Family Office as an active startup investor

Meg Whitman, who is already an investor and board member in Immortals Gaming Club, is widely known in the tech and business ecosystem due to their former roles as CEO of both eBay and Hewlett Packard. spinning off the latter and becoming for a short time the CEO of Hewlett Packard Enterprise. She is also the CEO of the recently failed streaming video platform Quibi. Whitman is considered one of the most powerful, influential, and relevant businesswomen.

Source: ESports Insider, 07.11.2020
Picture Source: Unsplash

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