2020 February

The Scherzer Deal Report: Feb 19-26, 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
Corsair Capital	New York, NY	$1B	Fifth private equity fund
Fifth Wall Ventures	Los Angeles, CA	$100M	Fifth Wall Ventures Retail Fund
Lakestar	Zurich, Switzerland	$735M	European investment funds
M33 Growth	Boston, MA	$260M	Second fund
MPM Capital	Boston, MA	$100M	MPM Oncology Innovations Fund (INV)
QED Investors	Alexandria, VA	$350M	Sixth fund
Ridgewood Infrastructure	New York, NY	$600M	Debut private equity fund
Speedinvest	Vienna, Austria	€190 m	Third pan-European VC fund
Ubiquity Ventures	Palo Alto, CA	$40M	Second fund

Private Equity Investors	Company	Amount	Description
TA Associates	AffiniPay	Undisclosed	Austin, TX-based payments tech company
BlackRock Long Term Private Capital	Creed	Undisclosed	London-based luxury fragrance company
Sverica Capital Management	Cytracom	Undisclosed	Allen, TX-based provider of cloud-based voice and messaging solutions for MSPs
Siris Capital	Digital River	$50M	Minneapolis, MN-based e-commerce enabler for brands
Brookstone Partners	Hudson Valley	Undisclosed	New Hampton, NY-based mitigation and restoration company
The Blackstone Group	iQ	£4.66B	British student housing company
The Stephens Group	Kele	Undisclosed	Memphis, TN-based distributor of building automation peripherals and controls solutions
The Carlyle Group	Mak-System	Undisclosed	Brussels-based provider of blood management software
Align Capital Partners	Marco Rubber & Plastics	Undisclosed	Seabrook, NH-based distributor of elastomer components
NEXT Investors	NorthPoint	Undisclosed	Reston, VA-based product suite and technology consulting practice
Wynnchurch Capital	Penn Machine	Undisclosed	Aston, PA-based maker of high-pressure forged fittings and branch connections
Industrial Opportunity Partners	PolyVision	Undisclosed	Johns Creek, GA-based maker of surfaces used in whiteboards and chalkboards
BV Investment Partners	TopBloc	Undisclosed	Chicago, IL-based Workday services partner
Hellman & Friedman, Blackstone Group	Ultimate Software and Kronos	Undisclosed	Merger to create one of the largest human capital management (HCM) and workforce management cloud solutions
Searchlight Capital Partners, ForgeLight	Univision	Undisclosed	Nation’s largest Spanish-language broadcaster

Venture Capital Investors	Company	Amount	Description
Xeraya Capital, Longview Ventures, Catalyst Health Ventures, BioStar Ventures, Cedar Point Capital, Frontcourt Group	Aria CV	$31M	St. Paul, MN-based developer of medical devices for treating pulmonary arterial hyperextension
Acrew Capital, Munich Re Ventures, Khosla Ventures, Lightspeed Venture Partners, Shlomo Kramer	At-Bay	$34M	Mountain View, CA-based cybersecurity insurance startup
SoftBank Vision Fund 2	Behavox	$100M	New York-based provider of compliance and employee-monitoring software
Undisclosed	DigitalOcean	$100M	New York-based cloud infrastructure company
Cobalt Capital, Spark Capital, Kleiner Perkins, Bain Capital Ventures, Y Combinator, SV Angel, PJC, Fuel Capital, Wildcat Capital Management	Feather	$30M	New York-based furniture rental servic
SignalFire, GLP Capital Partners	Flock Freight	$50M	Solana Beach, CA-based freight logistics matching platform
LS Corp., Forte Ventures, Dell Technologies Capital, Intel Capital, Saudi Aramco Energy Ventures, Honeywell Ventures, GE Ventures, Robert Bosch Venture Capital, March Capital Partners, Darling Ventures	FogHorn	$25M	Sunnyvale, CA-based provider of edge computing intelligence software
Dell Technologies Capital, Iconiq Capital, Tiger Global Management, Kearny Jackson, Alpha Square Group	HeadSpin	$60M	Palo Alto, CA-based provider of mobile app performance software
Health Velocity Capital, USVP, Chicago Ventures, Epic Ventures	HealthJoy	$30M	Chicago, IL-based employee benefits platform
Anterra Capital	Invetx	$15M	Boston, MA-based veterinary medicine startup
14W, Mangrove Capital, Anthem, Lerer Hippeau, Primary Ventures	K Health	$48M	New York-based digital primary care service
SoftBank Vision Fund 2	Karius	$165M	Redwood City, CA-based startup that tests for and identifies infectious diseases
Norwest Venture Partners, Shasta Ventures, Kleiner Perkins, Canaan, Launchub	Leanplum	$27M	San Francisco, CA-based provider of customer engagement software tools
Breakthrough Energy Ventures, The Engine, Lowercarbon Capital, The Grantham Foundation	Lilac Solutions	$20M	Oakland, CA-based lithium mining technology company,
Dawn Capital, Battery Ventures, Goldman Sachs, ProSieben, Qumra Capital, Vintage Investments, Gemini Ventures, North Base Media, La Maison, Remagine Ventures, Hamilton Lane, Maor Investments	Minute Media	$40M	New York-based sports media company that recently acquired The Player’s Tribune
RPS Ventures, Founder’s Circle Capital, IAC, Foundry Group, Crosslink Capital, Uncork Capital, TransLink Capital	Molekule	$58M	San Francisco, CA-based developer of connected indoor air purifiers
DCVC Bio, 8VC, Novo Holdings, Future Tech Labs, AgFunder, Susa Ventures, Cthulhu Ventures, Wireframe Ventures	MycoWorks	$17M	San Francisco, CA-based developer of a leather alternative
Charter Communications, Qualcomm, Belkin, Service Electric Cablevision, Liberty Global, Shaw Communication	Plume	$60M	Palo Alto, CA-based consumer experience management platform for smart home services
Toyota	Pony.ai	$462M	California and China-based self-driving car startup
Andreessen Horowitz	Q Bio	$40M	San Carlos, CA-based quantitative, clinically-relevant assessment of personal human health
CDK Global, Kleiner Perkins, GV, SVB, Lux Capital, Tyche Partners, Icon Ventures, Baidu, Steve Wozniak	Ripcord	$45M	Hayward, CA-based robotics digitization startup
Andreessen Horowitz, Temasek, Tencent, Altos Ventures, Meritech Capital, Tiger Global Management	Roblox	$150M	San Mateo, CA-based gaming platform
BlackRock, Intel Ventures, GV, Walden International, WRVI Capital, Redline Capital	SambaNova Systems	$250M	Palo Alto, CA-based developer of software-defined AI hardware
Salesforce Ventures, Silver Lake	ServiceMax	$80M	Pleasanton, CA-based provider of field service management software
ABS Capital Partners, Causeway Media Partners, Jim Lombardi	SquadLocker	$20M	Warwick, RI-based provider of custom apparel and equipment purchasing software for teams and organizations
Jump Capital, Granite Point Capital, Jerry Hausman, Ed Baker	Teikametrics	$15M	Boston, MA-based startup that offers tools to brands and sellers on Amazon and Walmart
Georgian Partners, Insight Partners, Ignition Partners	Tractable	$25M	London-based insuretech startup
Aquiline Technology Growth, World Innovation Lab, Goldman Sachs	Unqork	$51M	New York-based no-code enterprise app platform
NextWorld	Van Leeuwen	$18.7M	Brooklyn, NY-based artisanal ice cream brand

February 28th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Feb 12-19, 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
Align Capital Partners	Dallas, TX and Cleveland, OH	$450M	Second private flagship fund
ForgePoint Capital	San Francisco, CA	$450M	Second fund
Marcy Venture Partners	San Francisco, CA	$85M	Flagship venture capital fund
Odyssey Investment Partners	New York, NY	$3.25B	Sixth middle-market buyout fund
Pamlico Capital	Charlotte, NC	$1.4B	Fifth flagship fund

Private Equity Investors	Company	Amount	Description
TA Associates	Auction Technology Group	Undisclosed	London and Omaha, NE-based online auctions platform
Platinum Equity	Biscuit International	Undisclosed	Paris-based manufacturer of private label cookies
Amherst Residential	Front Yard Residential	Undisclosed	U.S. Virgin Islands-based real estate investment trust company
Thompson Street Capital Partners	Len the Plumber	Undisclosed	Baltimore-DC metropolitan-based full-service residential plumbing contractor

Private Equity Investors	Company	Amount	Description
Norwest Venture Partners, Menlo Ventures, True Ventures, Khosla Ventures, First Round Capital, Ram Shriram, Maynard Webb Investment	Aisera	$20M	Palo Alto, CA-based robotic process automation startup
Integrity Growth Partners	Algo	$15M	Troy, MI-based supply chain technology company
WAVE Equity Partners, Chevron Technology Ventures, Marubeni Corporation	Carbon Clean Solutions	$16M	London-based carbon dioxide separation technology company
Goldman Sachs, Tiger Global Management, Adage Capital Management	Flywire	$120M	Boston, MA-based vertical payments company
Morgan Stanley Expansion Capital, NewView Capital, Upfront Venture	GumGum	$22M	Santa Monica, CA-based computer vision and natural language processing company
ForgePoint Capital	Huntress Labs	$18M	Elliott City, MD-based cybersecurity startup
CDC Group	iMerit	$20M	Los Gatos, CA-based data annotation and enrichment company
Icon Ventures, Sequoia Capital, Oak HC/FT, Spring Mountain Capital, Female Founders Fund, Harmony Partners, Reese Witherspoon, Natalie Portman, Mindy Kaling	Maven	$45M	New York-based company providing employee benefits focused on women’s health and family planning
Coatue Management, Insight Partners	OneTrust	$210M	Atlanta, GA-based cybersecurity company
NEA, 8VC	Outrider	$53M	Golden, CO-based startup developing robots for warehouse yards
Optum Ventures	Scipher Medicine	$25M	Waltham, MA-based developer of a molecular technology platform
Insight Partners, Tiger Global Management, Qualcomm Ventures LLC, Vista Public Strategies of Vista Equity Partners, Third Point Ventures	SentinelOne	$200M	Mountain View, CA-based cybersecurity company
Bessemer Venture Partners, TPG, Greenoaks Capital, Tiger Global Management, Durable Capital Partners, TCV, G Squared, Light Street Capital, Alta Park Capital	Toast	$400M	Boston, MA-based maker of payment processing hardware and software for restaurants
Benesse Holdings	Udemy	$50M	San Francisco, CA-based online education company
Artiman Ventures, Robert Bosch Venture Capital, Abies Ventures, Asahi Kasei Corporation, Hui Capital, Sony Innovation Fund	UltraSense Systems	$20M	San Jose, CA-based maker of touch user interface technology using 3D ultrasound
Sequoia Capital India, Eight Roads Ventures, F-Prime Capital, Cisco Investments	Whatfix	$32M	San Jose, CA-based provider of digital enterprise tool
Intel Capital, NEA, Highland Capital Partners, Redline Capital Management, Hercules Capital, Core Capital	ZeroFox	$74M	Baltimore, MD-based cybersecurity company

February 20th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Feb 5-12, 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
A/O PropTech	London, England	€250M	Debut fund
Battery Ventures	Boston, MA	$2B	Battery Ventures XIII $1.2B fund and Battery Ventures XIII Side fund with $800M
KKR	New York, NY	$1.3B	First global impact investing fund

Private Equity Investors	Company	Amount	Description
Post Capital Partners	Agile Sourcing Partners	Undisclosed	Corona, CA-based BPO company for the electric and gas utility, commercial construction, security, and telecom markets
AE Industrial Partners	American Pacific	Undisclosed	Cedar City, UT-based chemical manufacturer for U.S. government military and space programs
Apax Partners	Cadence Education	Undisclosed	Scottsdale, AZ-based early childhood education provider
Industrial Opportunity Partners	Competition Cams	Undisclosed	Memphis, TN-based maker camshaft and valvetrain-related components for the automotive aftermarket
Investcorp	Fortune International	Undisclosed	Bensenville, IL-based distributor of seafood and gourmet food products
Trilantic North America	Gorilla Commerce	Undisclosed	Westport, CT-based direct-to-consumer home and pet product development platform
One Rock Capital Partners	Innophos	$932M	Cranbury, NJ-based food additives maker
Entrepreneurial Equity Partners	Kronos Foods Corp.	Undisclosed	Glendale Heights, IL-based provider of Mediterranean food products
Gryphon Investors	Pacur	Undisclosed	Oshkosh, WI-based provider of specialty plastic packaging materials for the medical device industry
Brentwood Associates	Parchment	Undisclosed	Scottsdale, AZ-based digital credentialing service
EQT Partners	Rimes Technology	Undisclosed	New York-based provider of financial data management and regulatory software
Westhook Capital	Santa Rita Landscaping	Undisclosed	Tucson, AZ-based provider of commercial landscaping services
RedBird Capital Partners, CJ Entertainment, Tencent	Skydance Media	Undisclosed	Hollywood, CA-based film studio
Morgenthaler Private Equity	Teel Plastics	Undisclosed	Baraboo, WI-based manufacturer of custom plastic tubing
Washington Equity Partners	Tube Bending	Undisclosed	Apple Valley, CA-based manufacturer and fabricator of tubing and tubing assemblies

Venture Capital Investors	Company	Amount	Description
AccelFoods, New Crop Capital, Green Monday Ventures, Blue Horizon	Alpha Foods	$28M	New York-based provider of vegetarian prepared meals
Venrock, Andreessen Horowitz	Astranis	$90M	San Francisco, CA-based commercial satellite startup
Insight Partners	Carbon Relay	$63M	Boston, MA-based startup focused on optimizing app performance in Kubernetes environments
ForgePoint Capital, Trend Forward Capital	Cysiv	$26M	Dallas, TX-based SOC-as-a-service startup
WRVI Capital, Dell Technologies Capital, Redline Capital, Acorn Pacific Ventures	Datometry	$17M	San Francisco,CA-based data warehouse virtualization startup
Millennium New Horizons, Unbound, LG, Nvidia	Deep Instinct	$43M	US-Israeli cybersecurity startup
Osparie Ag Science, Spark Capital	Freight Farms	$15M	Boston, MA-based maker of vertical-farming containers
super [set], Ridge Ventures	Habu	$15M	US based developer of “omni-channel orchestration for the entire customer journey
blisce, Waverley Capital, Times Bridge	Headspace	$53M	Santa Monica, CA-based meditation app maker
Cyrus Capital Partners, State Farm Ventures, Upfront Ventures, FirstMark Capital, Greycroft	HopSkipDrive	$22M	Los Angeles, CA-based ride-share company focused on kids and families
Northpond Ventures, Genoa Ventures, Vertical Venture Partners	Intabio	$18M	Newark, CA-based developer of instrumentation systems for biotherapeutic precision analysis and quality assessment
Premji Invest, Cox Enterprises, Temasek F-Prime Capital, Devonshire Investors, .406 Ventures, Flare Capital Partners, Polaris Partners, Khosla Ventures	Iora Health	$126M	Boston, MA-based primary care provider that focuses on Medicare patients over 65
Bain Capital Life Sciences, Andera Partners, GIMV, Legend Capital, NeoMed Management, RMM, Valiance Life Sciences, VI Partners	JenaValve Technology	$50M	Irvine, CA-based developer of replacement heart valves
Greycroft, Maveron, Abstract Ventures	Landing	$20M	San Francisco, CA membership-based provider of finished urban apartments
Eight Roads, F-Prime Capital, Matrix Partners India, Ventureast	MoEngage	$25M	San Francisco, CA and Bangalore-based customer engagement and insights startup
Sequoia Capital, CPPIB, PSP Investments, Lightspeed Venture Partners, Accel, Base Partners, Iconiq Capital, Sapphire Ventures, Geodesic Capital, Social Capital	Netskope	$340M	Los Altos, CA-based cloud access security broker,
Accel, Two Sigma Ventures, Heavybit, Prime Set, Bedrock Capital	Radar	$20M	Brooklyn, NY-based location data infrastructure startup
Dragoneer Investment Group, Salesforce Ventures, Altimeter Capital, Iconiq Capital, Madrona Venture Group, Redpoint Ventures, Sequoia Capital, Sutter Hill Ventures	Snowflake	$479M	San Mateo, CA-based cloud data warehousing company
Arch Venture Partners, Milky Way Ventures, 8VC, Lyell Immunopharma	Sonoma Biotherapeutics	$40M	San Francisco, CA and Seattle, WA-based developer of regulatory T-cell treatments for autoimmune and neurodegenerative diseases
Cardinal Health, Novartis, Gilead Sciences, Canaan Partners, Threshold Ventures, Section 32, LifeForce Capital, Casdin Capital, Hive Ventures	Vineti	$35M	San Francisco, CA-based developer of logistics software for cell and gene therapies

The Scherzer Deal Report: Jan 29 – Feb 5, 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
Trivest Partners	Miami, FL	$670M	Trivest Growth Investment Fund II (“TGIF II”) and the Trivest Discovery Fund
Turn/River Capital	San Francisco, CA	$420M	Fourth fund
Vestar Capital Partners	New York, NY	$1.1B	Seventh middle-market buyout fund
Andreessen Horowitz	Menlo Park, CA	$750M	Third life sciences fund
ArcLight Capital	Boston, MA	$3.4B	Seventh energy infrastructure fund
Industry Ventures	San Francisco, CA	$125M	Debut tech buyout fund
U.S. Venture Partners	Menlo Park, CA	$340M	Twelfth early-stage VC fund
Ecosystem Investment Partners	Baltimore, MD	$455M	Fourth fund
Generate Capital	San Francisco, CA	$1B	New fund

Private Equity Investors	Company	Amount	Description
Advent International	Forescout Technologies	$1.9B	San Jose, CA-based device visibility and control company
Freeman Spogli	Galco	Undisclosed	Madison Heights, MI-based distributor of MRO industrial electronic components
Black Dragon Capital	Grass Valley	Undisclosed	Montreal-based provider of broadcast equipment and solutions
New Mountain Capital	ILC Dover	Undisclosed	Frederica, DE-based maker of engineered products
Kriya Capital	Medstat Accounts Receivables Management	Undisclosed	Mesa, AZ-based provider of revenue cycle services for medical professionals
Lakeview Capital	The Mochi Ice Cream Co.	Undisclosed	Los Angeles, CA-based maker of branded mochi ice cream
Frontenac	XanEdu	Undisclosed	Ann Arbor, MI-based provider of customized digital and print course materials

Private Equity Investors	Company	Amount	Description
SoftBank Vision Fund 2, GreenOaks Capital, Jackson Square Ventures, Olive Tree Capital, Zola Global	Alto	$250M	San Francisco, CA-based digital pharmacy
Cottonwood Venture Partners, Mercury Fund	Ambyint	$15M	Calgary-based AI-powered production and artificial lift optimization
Insight Partners, Lightspeed Venture Partners, Angular Ventures, Silvertech Ventures	Aquant	$30M	New York-based service intelligence platform
Koch Disruptive Technologies, CRV, CrowdStrike	Automox	$30M	Boulder, CO-based cyber hygiene platform provider
Koito Manufacturing	Cepton Tech	$50M	San Jose, CA-based developer of LiDAR solutions
Eclipse Venture	ClearMetal	$15M	San Francisco, CA-based Continuous Delivery Experience “CDX” for supply chains and logistics solutions
Andreessen Horowitz, Greylock	Cresta	$21M	San Francisco, CA-based AI platform for customer service
Activant Capital, 8VC, GLP, Ryan Peterson	Deliverr	$40M	San Francisco, CA-based delivery fulfilment startup
NewRoad Capital Partners, Greycroft, 9Yards	Emerge	$20M	Phoenix, AZ-based digital freight marketplace
Sequoia Capital, Activant Capital, Inspired Capital, Acrew Capital, Bain Capital Ventures	Finix	$35M	San Francisco, CA-based payments infrastructure platform
Imaginary Ventures, Wittington Ventures, Fifth Wall, Lerer Hippeau, Revolution’s Rise of the Rest Seed Fund, M3 Ventures, The University of Chicago, Collaborative VC, Wasson Enterprise, Bluestein Associates, Barshop Ventures	Foxtrot	$17M	Chicago, IL-based online convenience store
Bessemer Venture Partners, Lead Edge Capital, Insight Partners, Atomico, 11.2 Capital, Quadrille Capital, Heuristic Capital	Hinge Health	$90M	San Francisco, CA-based digital physical therapy platform
Morpheus Ventures, Alpha Edison, PSP Growth	HouseCanary	$65M	San Francisco, CA-based home valuation company
McKesson Ventures, Define Ventures, Khosla Ventures, Brook Byers, Marc Benioff	Lightship	$20M	Los Angeles, CA-based direct-to-patient clinical research startup
Perceptive Advisors, Clifton Capital, RA Capital Management, Soleus Capital, ArrowMark Partners, Polaris Venture Partners, North Bridge Venture Partners, Intersouth Partners	Lyra Therapeutics	$30M	Watertown, MA-based biotech focused on ear, nose and throat disease
Verily, Decheng, NFX, Mayfield, Brook Byers, Jeff Huber	Mammoth Biosciences	$45M	San Francisco, CA-based CRISPR disease detection platform
AME Cloud Ventures, DataCore Software, Insight Partners	MayaData	$26M	Palo Alto, CA-based container attached storage provider for Kubernetes
NEA, Apax Digita, Santo Domingo Family, Comerica Bank, TriplePoint Capital	Moda Operandi	$100M	New York-based fashion discovery platform
MIG Capital, Western Digital Capital, Orange Digital Ventures, Partech Ventures, BGV, Plug-N-Play	NGD Systems	$20M	Irvine, CA-based computational storage startup
SBI Holdings	OpenLegacy	$20M	Princeton, NJ-based enterprise API integration platform
D1 Capital Partners, Fidelity, Partner Fund Management, T. Rowe. Price, Perceptive Advisors	Outset Medical	$125M	San Jose, CA-based developer of an all-in-one dialysis device
DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures, Wildcat Ventures, Leap Global Partners, BlueRun Ventures	Paystand	$20M	Scotts Valley, CA-based commercial payments platform
Vulcan Capital, Durable Capital Partners	Rad Power Bikes	$25M	Seattle, WA-based e-bike brand and retailer
Oak HC/FT, Felicis Ventures, Prologis, Craft Ventures, Signia Venture Partners, Storm Ventures, Struck Capital, Stage 2 Capital	Sendoso	$40M	San Francisco, CA-based sending platform for e-gifts and customer engagement
Vertical Venture Partners, Grayhawk Capital, Ankona Capital, Blossom Street Ventures	SOCi	$15M	San Diego, CA-based localized marketing platform
Yamasa, Pontifax AgTech, Partech Partners, Azure Capital Partners, Next Equity	The Bouqs Co.	$30M	Venice Beach, CA-based online flower retailer
Accel, Floodgate, Weatherford Capital, Ballast Point Ventures, Silverton Partners	The Zebra	$38.5M	Austin, TX-based auto insurance marketplace
GV, Bain Capital Ventures, Casdin Capital, Define Ventures	Verana Health	$100M	San Francisco, CA-based clinical database

Monthly Archives: February 2020

The Scherzer Deal Report: Feb 19-26, 2020

The Scherzer Deal Report: Feb 12-19, 2020

The Scherzer Deal Report: Feb 5-12, 2020

The Scherzer Deal Report: Jan 29 – Feb 5, 2020