Single family office from Munich invests together with Snoop Dogg

This article directly stems from the research process for our European single family office database. Our list of German single family offices includes the most important family investment vehicles that invest in various areas, such as financial markets, real estate, venture capital, private equity and renewables.

German startup Cansativa Health tackles the German cannabis market. Cansativa is the only licensed firm that is allowed by the German drug and medical product authority (BfArM) to deal with domestic medical cannabis. The startup aims to be the “one-stop-shop” for German pharmacies as distributor of cannabis. Now, the Munich-based single family office Alluti invests together with popular US rapper Snoop Dogg.

$13M investment in Cansativa

The US investment firm Casa Verde Capital, which was founded by well-known rapper Snoop Dogg, led the $13M investment round of Cansativa Health. The investment round also saw participation from Argonautic Ventures and the Munich-based Alluti. The deal shows the large relevance of leading German family offices in European startup investment markets. The $13M round depicts the largest investment of Snoop Dogg’s investment firm in Europe and Germany.

Alluti: Munich-based family office

Alluti is an active German single family office that was launched by Bert Bleicher in 2014. Bleicher led Hoffmann Werkezuge GmbH, a Munich-based tool distributor, to a revenue of over $1BN. Alluti invests in private equity, impact investments and real estate. Alluti already invested in a couple of interesting German startups, for instance in Vytal or InfanDx AG.

Picture source: David Gabric
Source: t3n, 20.09.2022