US single family office invests in €170M OTB Ventures fund

US single family office invests in €170M OTB Ventures fund

We created this article as part of our research process for our US single family office database. Here, we are highlighting a fund investment of OnDean, a Chicago-based single family office.

OTB Ventures announced that is has raised its second €170M investment fund. Amongst the LPs is OnDean, the US-based single family office of Relativity. Relativity is a leading software solution that helps to organize data during litigation and internal investigations. OTB Ventures is a Amsterdam-based venture capital firm focused on DeepTech in Central and Eastern European countries. The main verticals of OTB Ventures are SpaceTech, AI, Automation, FinTech and Cybersecurity. Portfolio companies include Kurs Orbital, akiro labs, and Veridion.

Chicago-based single family office as fund and direct investor

Other investors in the new €170M fund include the NATO Innovation Fund, the European Investment Fund, as well as the Snowflake co-founder Marcin Zukowski. OnDean, the single family office of the Relativity founders, is also investing directly in startups. In November 2023, OnDean invested in legal-tech startup Responsiv, which raised $3M. The startup works on an AI assistant for attorneys. In the same month, the family office also invested in New Era ADR, a platform for dispute resolution.

Article Source: 150sec
Picture source: Luca Bravo

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