Story perspectives

Bezos and Schmidt Back $300M Biotech Investment Amid Decline

10/10/2025

Summary

Story summary

Jeff Bezos and Eric Schmidt invested in a $300 million seed round for Periodic Labs, which focuses on automating scientific research.
Despite a 46% decline in direct investments by family offices in September 2023, high-net-worth investors continue to engage in healthcare and biotech sectors.
The CIO Group, established by former Citigroup executives, provides analytics to enhance family office portfolios.
Miami's tech scene is shaped by family offices like ZFO, which invests in biotech and AI, with CIO Joe Roos highlighting the role of patient capital and local connections.

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Story summary

Jeff Bezos and Eric Schmidt invested in a $300 million seed round for Periodic Labs, which focuses on automating scientific research.
Despite a 46% decline in direct investments by family offices in September 2023, high-net-worth investors continue to engage in healthcare and biotech sectors.
The CIO Group, established by former Citigroup executives, provides analytics to enhance family office portfolios.
Miami's tech scene is shaped by family offices like ZFO, which invests in biotech and AI, with CIO Joe Roos highlighting the role of patient capital and local connections.