Family offices boost startup investments in October, backing women's health and caregivers
Laurene Powell Jobs' Emerson Collective was the most active family-office investor with three startup bets.
TL;DR
- Family offices made 56 direct investments in companies in October, a 30% increase from September.
- Laurene Powell Jobs' Emerson Collective was the most active investor, backing three healthcare startups: Devoted Health, BioStack, and Collective X Health.
- Devoted Health received $555 million to expand its Medicare Advantage plans.
- BioStack and Collective X Health focus on AI in healthcare and women's health data, respectively.
- Healthcare was the second-most popular sector for direct investing by family offices in September (32%), behind AI (51%).
- Pivotal Ventures invested in Abby Care, an AI-enabled startup supporting paid caregivers.
- Family offices are looking to invest in overlooked markets, such as women's health, which has been historically underfunded and under-researched.