Family offices continued to make their presence felt this week, steering capital into industrial AI, grocery retail technology and multifamily office services. From early-stage venture rounds to strategic partnerships, these moves highlight how family capital is shaping both operational infrastructure and advisory capabilities.
Sept. 9 – LocalExpress, a Glendale, Calif.-based unified commerce and grocery technology company, raised $6.2 million to pivot into becoming a data syndication hub for the grocery industry. The round was led by OXZ Capital, which includes a single-family office division. (Business Wire)
Sept. 10 – Procense, a San Francisco–based industrial automation startup developing AI-powered manufacturing and remote sensing tools, raised $1.5 million in seed funding. The round was led by Kevin Mahaffey and HighSage Ventures, a family office-led investor active in technology. (Business Wire)
Sept. 15 – Wellspring Family Office, based in Cleveland, announced a strategic partnership with The Pritzker Organization, the family office of billionaire Tom Pritzker. The partnership will expand Wellspring’s capabilities in investment, tax, operations and technology while preserving its independent culture. (Business Wire)