Family offices raise bets on startups in $418B market

The world’s ultra-wealthy are increasingly investing in startups, both directly from their family offices and through venture capital funds, according to research from SVB Capital and Campden Wealth.

Family offices made up 4.2% of the roughly 23,000 venture capital deals worldwide this year through Aug. 31, more than double their share a decade ago, the two firms said in an investment report Thursday.

Total capital invested into venture deals hit $418 billion this year as of the end of August, surpassing the record $333 billion for the whole of 2020, according to the report.

Most of the 139 rich families and family offices surveyed this year for the research

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