2020 January

The Scherzer Deal Report: Jan 22-29, 2020

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.

PE and VC Firms Fundraising	Location	Amount	Description
Benhamou Global Ventures	Palo Alto, CA	$150M	Fourth fund
GLS Capital	Chicago, IL	$345M	Debut litigation finance fund
Intermediate Capital Group	London, UK	$2.4B	Third fund
Kinderhook Industries	New York, NY	$1.11B	Sixth private equity fund
Prime Movers Lab	Jackson, WY	$100M	First seed-stage fund
Ribbit Capital	Palo Alto, CA	$420M	Sixth flagship fund

Private Equity Investors	Company	Amount	Description
TPG Growth	Denali Water Solutions	Undisclosed	Russellville, AR-based provider of specialty waste and environmental recycling and disposal services
Incline Equity Partners	Foundation Source	Undisclosed	Fairfield, CT-based provider of support services to private foundations
Gryphon Investors	PestRoutes	Undisclosed	Mckinney, TX-based provider of business management software for pest control companies
Warburg Pincus	Scale Microgrid Solutions	Undisclosed	Ridgewood, NJ-based distributed clean energy and microgrid platform

Private Equity Investors	Company	Amount	Description
Susquehanna Growth Equity, Silversmith Capital Partners	ActiveCampaign	$100M	Chicago, IL-based customer experience automation startup
SBI Material Innovation Fund, Future Shape, PeopleFund, Thiel Capital, DCVC, YC	Advano	$18.5M	New Orleans, LA-based developer of solutions for improving rechargeable battery life
Sequoia Capital, IVP, Eniac Ventures, NextView Ventures	Attentive	$70M	New York-based personalized mobile messaging platform for brands
Centana Growth Partners, Pimco, Global Atlantic	Beacon Platform	$20M	New York-based provider of capital markets software
Lightspeed Venture Partners, MizMaa Ventures, TLV Partners	Bond	$15M	New York-based maker of electric tricycles for last-mile delivery
Greylock, Battery Ventures, Lerer Hippeau	Clubhouse	$25M	New York-based software provider for engineers to produce new features or standalone apps
Mitsubishi Estate Co., Industry Ventures, Prudence Holdings, Lerer Hippeau Ventures, Jackson Square Ventures	Crexi	$30M	Los Angeles, CA-based commercial real estate marketplace
Samsung, Industry Ventures, AvidBank, M12, Costanoa Ventures, True Ventures, Northgate	Directly	$20M	San Francisco, CA-based developer of crowdsourced chatbots for customer service
Mubadala Capital, Canvas Ventures	Gabi	$27M	San Francisco, CA-based startup aimed at helping consumers save money on home and auto insurance
Insight Partners	Hivebrite	$20M	New York-based community management and engagement platform
Union Square Ventures, FirstMark Capital, Bain Capital Ventures, Index Ventures, Redpoint Ventures, Spark Capital, Thrive Capital	Justworks	$50M	New York-based provider of HR management software
Horizons Ventures, Alibaba, CDIB, Himax Technologies, Qualcomm, Thundersoft, Sequoia Capital	Kneron	$40M	San Diego, CA-based on-device edge startup
Morgan Stanley Expansion Capital, HPE, Sapphire Ventures	OpsRamp	$37.5M	San Jose, CA-based startup that helps IT teams automate and manage hybrid environments
Coatue Management, First Round Capital	Persona	$17.5M	San Francisco, CA-based identity verification startup
KKR, Norwest Venture Partners, Revolution Ventures, Susa Ventures, AXA Venture Partners, MassMutual Ventures,Transamerica Ventures	Policygenius	$100M	New York-based online insurance marketplace
RA Capital, Abbvie Ventures, Atlas Venture, Arix Bioscience	Quench Bio	$50M	Cambridge, MA-based biotech focused on inflammatory diseases
Anchor Group, Comcraft	Roambee	$15.2M	Santa Clara, CA-based on-demand shipment monitoring platform
General Catalyst, Mayfield	Securiti.ai	$50M	San Jose, CA-based provider of cybersecurity and compliance automation tool
Felicis Ventures, Next47, Sequoia Capital, Meritech Capital	Verkada	$80M	San Mateo, CA-based developer of physical security cameras for the enterprise
Eminence Capital, Raine Ventures	Whip Media Group	$50M	Santa Monica, CA-based maker of the TV Time tracking app for television and film viewing

January 31st, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Jan 15-22, 2020

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.

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PE and VC Firms Fundraising	Location	Amount	Description
Lexington Partners	New York, NY	$14B	Ninth fund
Define Ventures	San Francisco, CA	$87M	Debut fund
HarbourVest Partners	Boston, MA	2.61B	Eleventh US fund-of-funds
Hollyport Capital	London, UK	$1B	Seventh private equity secondaries fund
KKR	New York, NY	$2.2B	Second tech growth equity fun
Manulife Investment Management	Boston, MA	$1.5B	First Private Equity fund of funds
Pathway Capital Management		$1B	Third private credit fund
Siguler Guff	New York, NY	$1.6B	Fourth fund
The Blackstone Group	New York, NY	$3.4B	Life Science fund

Private Equity Investors	Company	Amount	Description
Palladium Equity Partners	Accupac	Undisclosed	Mainland, PA-based provider of outsourced manufacturing and packaging solutions for the personal care and beauty markets
TPG Sixth Street Partners	AvidXchange	$260M	Charlotte, NC-based provider of accounts payable and payment automation software
Veritas Capital	Campus Management	Undisclosed	Boca Raton, FL-based provider of student information systems and other software for higher education
New Mountain Capital	Classic Collision	Undisclosed	Atlanta, GA-based operator of 34 collision-repair facilities in the Southeastern U.S.
Stone Point Capital, Further Global	Duff & Phelps	$4.2B	New York, NY-based corporate advisor and valuation firm
Frazier Healthcare Partners	Eptam Precision Solutions	Undisclosed	Northfield, NH-based outsourced medical device manufacturer
Skyview Capital	Fidelis Cybersecurity	Undisclosed	Bethesda, MD-based enterprise network security company
Regent Square, Galtney Partners	Generator Source	Undisclosed	Brighton, CO-based provider of commercial standby generators
Rhone Group, Chatterjee Group	Lummus Technology	$2.725B	Bloomfield, NJ-based provider of chemical processing technologies for hydrocarbon industry
Long Ridge Equity Partners	NinjaTrader	Undisclosed	Chicago, IL-based provider of trading software and brokerage services
Brand Velocity Partners	Original Footwear	Undisclosed	Stockton, CA-based maker of footwear for military and law enforcement personnel
McNally Capital	Re-Sourcing Holdings	Undisclosed	New York, NY-based provider of staffing and direct hire solutions with a focus on compliance, legal, IT, finance, and HR

Private Equity Investors	Company	Amount	Description
SoftBank Group	Bear Robotics	$32M	Redwood City, CA-based developer of food-delivery robots
SoftBank Group, Canaan Partners, NEA, Khosla Ventures	Berkshire Grey	$263M	Lexington, MA-based developer of pick-and-place robots for commerce
T. Rowe Price, Viking Global	Color	$75M	Burlingame, CA-based maker of at-home genetic testing kits
Norwest Venture Partners, Insight Partners, Norwest Partners	FloQast	$40M	Los Angeles, CA-based provider of software for accountants
Arboretum Ventures, Venture Investors, Capital Midwest Fund, OSF HealthCare	Health Scholars	$17M	Westminster, CO-based provider of VR simulations for clinical healthcare training
SoftBank Group, Norwest Venture Partners, Temasek, Richard Branson, Bill Gates, Threshold Ventures, Cargill, Tyson Foods, Finistere, Future Ventures, Kimbal Musk, Fifty Years, CPT Capital	Memphis Meats	$161M	Berkeley, CA-based developer of cell-based meats
Emergence Capital, Ridge Ventures, 11.2 Capital, First Round Capital, Homebrew, Susa Ventures, SV Angel	Outlier	$22.1M	Oakland, CA-based provider of automated business analytics
WestBridge Capital, AllianceBernstein, AXA Venture Partners, Sierra Ventures, Omidyar Technology Ventures, Sigma Prime, Karlani Capital	Phenom People	$30M	Philadelphia, PA-based talent experience management platform
Five Elms Capital, Join Capital	Proxyclick	$15M	New York, NY cloud-based visitor management platform
Inovia Capital, Blumberg Capital, FJ Labs	Shyft	$15M	San Francisco, CA-based corporate relocation marketplace
SoftBank Group, DCM, Innovation Endeavors, Moore Strategic Ventures	Skylo	$103M	San Mateo, CA-based network that connects any machine or sensor via satellites
Calibrate Ventures, Material Impact, Fanuc Corp., Honeywell, Hyperplane, Scale, Tekfen Ventures, Yamaha	Soft Robotics	$23M	Bedford, MA-based robotics startup
BMW i Venture	Software Motor Co.	$25M	Sunnyvale, CA-based provider of optical motor systems
Airbus, Catapult Ventures, Lauder Partners, John Doerr, Byers family	SpinLaunch	$35M	Sunnyvale, CA-based developer of rocket-less satellite launch systems
Insight Partners, Goldman Sachs, Accel, Bain Capital Ventures	Sysdig	$70M	San Francisco-based dev-ops platform
Andreessen Horowitz, M12, GGV Capital, Workday Ventures	WorkBoard	$30M	Redwood City, CA-based provider of goal-setting SaaS

January 23rd, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Jan 8-15, 2020

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.

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PE and VC Firms Fundraising	Location	Amount	Description
Lexington Partners	New York, NY	$14B	Ninth fund
Define Ventures	San Francisco, CA	$87M	Debut fund
HarbourVest Partners	Boston, MA	2.61B	Eleventh US fund-of-funds
Hollyport Capital	London, UK	$1B	Seventh private equity secondaries fund
KKR	New York, NY	$2.2B	Second tech growth equity fun
Manulife Investment Management	Boston, MA	$1.5B	First Private Equity fund of funds
Pathway Capital Management		$1B	Third private credit fund
Siguler Guff	New York, NY	$1.6B	Fourth fund
The Blackstone Group	New York, NY	$3.4B	Life Science fund

Private Equity Investors	Company	Amount	Description
AFV Partners	Aircraft Performance Group	Undisclosed	Castle Rock, CO-based provider of flight operations software to business and charter aviators
Goldman Sachs	Aptos	Undisclosed	Atlanta, GA-based provider of retail industry software
Denham Capital	Ceiba Energy	$250M	Developer and owner of power generation assets in Latin America
MiddleGround Capital	EDSCO Fasteners	Undisclosed	Denton, TX-based maker of anchoring systems for power transmission poles and other large steel structures
KPS Capital Partners	IKG	$85M	Channelview, TX-based manufacturer of steel and aluminum bar grating
One Rock Capital Partners	Innophos	$932M	Cranbury, NJ-based food additives maker
Freeman Spogli & Co.	Kamps	Undisclosed	Grand Rapids, MI-based pallet management service provider
TPG Sixth Street Partners	Medsphere Systems	$40M	Carlsbad, CA-based provider of healthcare IT software
Harvest Partners	MRI Software	Undisclosed	Solon, OH-based provider of real estate management software
May River Capital	NSL Analytical Services	Undisclosed	Cleveland, OH-based materials testing lab
Visa	Plaid	$5.3B	San Francisco, IL-based provider of analytics software for accessing transaction data
Gemspring Capital	Skyline Displays	Undisclosed	St. Paul, MN-based provider of trade show displays
Arcapita	Waste Harmonics	Undisclosed	Victor, NY-based provider of waste management solutions

Private Equity Investors	Company	Amount	Description
Insight Partners	6sense	$40M	San Francisco, CA-based predictive intelligence platform for marketing and sales
March Capital Partners, Cisco Ventures, Sequoia Capital, Andreessen Horowitz, FirstMark Capital	ActionIQ	$32M	New York-based customer data platform
Cigna Ventures	Arcadia	$29.5M	Burlington, MA-based developer of population health management software
Cox Enterprises, Drive Capital, Heritage Group, Hearst Ventures, NCT Ventures	Aver	$27M	Columbus, OH-based provider of bundled healthcare payment solutions
Qatar Investment Authority, Temasek, Calridge, Green Monday Ventures	Califia Farms	$225M	Los Angeles, CA-based almond and oat milk producer
Adjuvant Capital, Euclidean Capital, Topspin Partners	Codagenix	$20M	Farmingdale, NY-based developer of prophylactic vaccines and oncolytic virus therapies
Declaration Partners, Maverick Ventures, AllianceBernstein PCI, SymphonyAI Group	Concerto HealthAI	$150M	Boston, MA-based provider of data and “enterprise AI tech” for precision oncolog
Insight Partners, Prism Ventures	Covera Health	$23.5M	New York-based radiology diagnostics startup
AnGes, OrbiMed and Takeda Ventures	Emendo Biotherapeutics	$61M	New York-based gene editing company
GV, Arch Venture Partners, Andreessen Horowitz, Casdin Capital, Section 32, Nextech, and Arboretum Ventures	EQRx	$200M	Cambridge, MA-based developer of drug equivalars
L Catterton	FlashParking	$60M	Austin, TX-based parking tech startup
Stray Dog Capital, Rocana Ventures, Almanac Investments, CPT Capital, New Crop Capital, Greenleaf Foods, 301 INC	Gathered Foods	$32M	New York-based maker of plant-based seafood products
Grey Sky Venture Partners, Khosla Ventures, Northpond Ventures, Think.Health Ventures	Inflammatix	$32M	Burlingame, CA-based developer of point-of-care infection diagnostics
MTech Capital, Viola FinTech, MassMutual, Nationwide	Insurify	$23M	Cambridge, MA-based online insurer
Northpond Ventures	IsoPlexis	$20M	Branford, CT-based developer of single-cell functional proteomics
Toyota, Baillie Gifford, Global Oryx, SPARX Group, Intel Capital, Capricorn Investment Group, JetBlue Technology Ventures, AME Cloud Ventures	Joby Aviation	$590M	Santa Cruz, CA-based developer of electric air taxis
Brentwood Associates	KeyMe	$35M	New York-based developer of key duplication kiosks
Gilead Sciences, Vida Ventures, Westlake Village BioPartners	Kyverna	$25M	Berkeley, CA-based developer of cell therapies for serious autoimmune diseases
Bessemer Venture Partners, Threshold Ventures, Redpoint Ventures, Uncork Capital, Vertex Ventures, Bloomberg Beta	LaunchDarkly	$54M	Oakland, CA-based feature management platform for software developers
Turning Rock Partners	Next Level Aviation	$15M	Sunrise, CA-based supplier of spare parts for commercial aircraft
Fortress Investment Group, Columbia Capital, Future Fund, Telcom Ventures, Goldman Sachs, NEA, Oak Investment Partners	NextNav	$120M	Sunnyvale, CA-based developer of a non-GPS indoor positioning system
Madrone Capital Partners, Arch Venture Partners, Decheng Capital, Domain Associates, Biomatics Capital Partners, Altitude Life Sciences Ventures, Nan Fung Life Sciences	Omniome	$60M	San Diego, CA-based DNA sequencing platform
Vida Ventures, AbbVie Ventures, Foresite Capital, Canaan Partners	PACT Pharma	$75M	San Francisco, CA-based developer of personalized adoptive T cell therapies
Updata Partners, Equity Venture Partners	Practifi	$16.3M	Chicago, IL-based business management platform for financial advisors
Pavilion Capital, Decheng Capital, Hansjörg Wyss	ReadCoor	$27M	Cambridge, MA-based multi-omic spatial sequencing platform
TIO Bioventures	Treadwell Therapeutics	$27M	New York-based oncology pharma startup
Georgian Partners, Kleiner Perkins, M12, OurCrowd, Seven Peaks Ventures	Trusona	$20M	Scottsdale, AZ-based multi-factor authentication startup
Alta Partners, RA Capital Management, Boxer Capital, Canaan Partners	Tyra Biosciences	$50M	Carlsbad, CA-based developer of therapies targeted at drug-resistant cancer cells
Caffeinated Capital, Venrock, Obvious Ventures, Creandum, Playground Global, SciFi VC	Virta Health	$93M	San Francisco, CA-based biotech that aims to reverse Type 2 diabetes,
Iconiq Capital, Tiger Global, Accel, Founders Fund, NGP Capital, Newfund Capital, Qualcomm Ventures	Zinier	$90M	San Francisco, CA-based field service automation startup
Vertical Venture Partners, Health Velocity Capital, Healthworx, Horizon Healthcare Services	Zipari	$22.5M	Brooklyn, NY-based customer experience platform for health insurance

January 16th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Jan 1-8, 2020

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.

Manage your Scherzer International subscription(s).

PE and VC Firms Fundraising	Location	Amount	Description
Goodyear Tire & Rubber Co.	Akron, OH	$100M	Debut of its corporate VC fund
H.I.G. WhiteHorse	Miami, FL	$1.1 b	New senior secured financing fund
Narya Capital	Cincinnati, OH	$93M	Debut fund
Platinum Equity Partners	Santa Ana, CA	$10B	Fifth fund
Royal Street Ventures	Kansas City, MO	$16.4M	Third fund
Shoreline Equity Partners	Jacksonville, FL	$300M	Debut fund
Vistria Group	Chicago, IL	$1.1 B	Third fund

Private Equity Investors	Company	Amount	Description
Thomas H. Lee Partners	AmeriLife	Undisclosed	Clearwater, FL-based life and health insurer
Insight Partners	Armis	$1.1B	Palo Alto, CA-based enterprise IoT security platform
One Equity Partners	CDI	Undisclosed	New York, NY-based provider of IT infrastructure hardware and software, consulting, and managed services
Sun Capital Partners	Cotton Holdings	Undisclosed	Houston, TX-based provider of infrastructure support services for the commercial restoration market
Colony Capital	DataBank	$185M	Dallas, TX-based data center operator
Trinity Hunt Partners	Dataprise	Undisclosed	Rockville, MD-based IT managed services provider
Northleaf Capital Partners	Douglas Terminals	Undisclosed	Belgian liquid bulk storage terminal
Serent Capital	ePayPolicy	Undisclosed	Austin, TX-based provider of electronic payments software for the excess and surplus insurance market
Galen Partners	Evolve Treatment Centers	Undisclosed	Los Angeles, CA-based adolescent behavioral health services provider
Osceola Capital	Healthcents	Undisclosed	Austin, TX-based provider of medical reimbursement services
NovaQuest, TripleTree Capital Partners, Frist Cressey Ventures	InformedDNA	Undisclosed	St. Petersburg, FL-based genetic testing company
Permira, GIC, CPPIB	Lytx	Undisclosed	San Diego, CA-based provider of video telematics for driver risk management
Aquiline Capital Partners	Ontellus	Undisclosed	Houston, TX-based outsourced records retrieval company
ACON Investments	Pine Environmental Services	Undisclosed	Windsor, NJ-based renter of environmental test and measurement equipment
Frontenac	Prime Technology Group	Undisclosed	Wayne, PA-based provider of outsourced app development managed software for highly-regulated industries
Levine Leichtman Capital Partners	Resolution Economics	Undisclosed	Los Angeles, CA-based provider of economic and statistical consulting and expert testimony
Accel-KKR	Springbrook Software	Undisclosed	Portland, OR-based provider of ERP and payments software for local government
Warburg Pincus	Sundyne	Undisclosed	Arvada, CO-based provider of aftermarket industrial pumps and compressors
Sheridan Capital Partners	Tarrytown Expocare	Undisclosed	Austin, TX-based long-term care pharmacy for patients with intellectual and developmental disabilities
Crossplane Capital	TransAxle	Undisclosed	Cinnaminson, NJ-based provider of drivetrain components for trucking companies
The Halifax Group	TriMech	Undisclosed	Glen Allen, VA-based provider of computer-aided design and engineering software
Insight Partners	Veeam Software	Undisclosed	Data backup company that plans to move its headquarters from Switzerland to the US

Private Equity Investors	Company	Amount	Description
TPG Sixth Street Partners, Goldman Sachs	AvePoint	$200M	Jersey City, NJ-based provider of Microsoft Sharepoint management software
Tiger Global	BigID	$50M	Israeli privacy compliance platform
L Catterton, Apax Digital, Temasek	ClassPass	$285M	New York, NY-based fitness class marketplace
OMERS Ventures, American Family Ventures, Cox Enterprises, IA Capital Group	Clearcover	$43M	Chicago, IL-based auto insurer
Future Ventures, Amplitude Ventures, Khosla Ventures, Magnetic Ventures, True Ventures	Deep Genomics	C$40 M	Toronto-based developer of drugs for rare genetic diseases
CVC Growth Partners	EcoVadis	$200M	Paris-based provider of business sustainability ratings for supply chains
Iconiq Capital, Susquehanna Growth Equity, Citi Ventures	HighRadius	$125M	Houston, TX-based provider of order-to-cash and treasury management software
Andreessen Horowitz, Oak HC/FT, IA Ventures, Felicis Ventures	Komodo Health	$50M	San Francisco, CA-based healthcare insights platform
Venrock, Highland Capital Partners, Providence Ventures, Salesforce Ventures	Kyruus	$42M	Boston, MA-based provider of search and scheduling software for health systems
Vulcan Capital, Andreessen Horowitz, QED Investors, Fifth Wall Ventures, Thrive Capital, Valor Capital, Monashees	Loft	$175M	Brazil-based platform for buying and selling residential properties
DCVC Bio, 5AM Ventures, Alta Partners, Alexandria Venture Investments, Mayo Clinic	Novome Biotechnologies	$33M	San Francisco, CA-based drug developer that leveraged engineered gut bacteria
Navitas Capital, FirstMark Capital, Accomplice, Juxtapose	Orchard	$36M	New York, NY-based home-buying marketplace
Concord Health Partners, Children’s Health of Dallas, OSF Healthcare System	Pieces Technologies	$25.7M	Dallas, TX–based healthcare patient analytics company
SVB, Khosla Ventures, Bain Capital Ventures, Lightspeed Venture Partners and Canvas Ventures, Citi Ventures, Fort Ross Ventures, 7 Global Capital	Roofstock	$50M	Oakland, CA-based online marketplace for single-family rental home investments
Insight Partners, Access Industries, Bessemer Venture Partners, Battery Ventures, DFJ Growth	Sisense	$100M	New York, NY-based analytics platform for builders
Everstone	Slayback Pharma	$50M	Princeton, NJ-based generic drugmaker
EW Healthcare Partners, Redmile Group, ArrowMark Partners, Broadfin Capital, General Atlantic, Orbimed, Meritech Capital Partners, CVF, NeoMed Management, Perceptive Advisors, JMR Capital, SEB Private Equity, Security Pacific Finance	Sonendo	$85M	Laguna Hills, CA-based leading dental technology company
Kayne Partners, Kennet Partners	Spatial Networks	$42.5M	St. Petersburg, FL-based provider of geospatial data collection and analytics for field ops
Nicol Investment Co., Maveron, Convivialite	The Guild	$25M	Austin, TX-based short-term apartment rental platform
Madrona Venture Group, Alexandria Venture Investments, Ridgeback Capital, Sahsen Ventures	TwinStrand Biosciences	$16M	Seattle, WA-based generic sequencing tech startup
Blackhorn Ventures, Highland Capital, Fontanalis Partners, Drive Capital, Tectonic Ventures	Vecna Robotics	$50M	Waltham, MA-based maker of self-driving forklifts
Bluestem Capital, PrairieGold Venture Partners, Genesis Innovation Group	Virtual Incision	$20M	Lincoln, NE-based developer of miniaturized surgical robots