Family offices made 56 direct investments in companies in October, up about 30% from September, CNBC reported Friday, citing data Fintrx provided exclusively to the network¹.

Laurene Powell Jobs' Emerson Collective was the most active family-office investor last month, with three healthcare startup bets, according to the Fintrx figures CNBC published¹.

CNBC said Emerson Collective joined a $555 million Series G for Devoted Health, a Medicare Advantage provider and insurer, alongside Azim Premji's family office, and that Devoted Health, an Emerson investor since 2021, plans to expand to five more states for a total of 34¹.

The same report said Emerson also participated in a $9.5 million seed round for BioStack, which analyzes patient records to build AI training datasets, and a $3.2 million pre-seed round for Collective X Health, which compiles female-specific medical data¹.

Melinda French Gates' Pivotal Ventures joined an $82 million Series C for Abby Care, an AI-enabled startup that trains family members as paid caregivers under Medicaid and Medicare, CNBC said¹.

Erin Harkless Moore, who manages investments at Pivotal Ventures, told CNBC the firm looks for founders with firsthand experience of healthcare complexity and that women's health remains historically underfunded¹.

CNBC also cited a September Citi Wealth family-office survey in which healthcare ranked second for direct investing at 32%, behind AI at 51%¹.

Sources

1. CNBCFamily offices boost startup investments in October, backing women's health and caregivers9:02 AM

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