2020 June

The Scherzer Deal Report: June 23-29, 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.

The Scherzer Deal Report is released on Tuesdays.

PE and VC Firms Fundraising	Location	Amount	Description
1868 Ventures	Columbus, OH	$50M	Scotts Miracle-Gro launched a $50 million corporate venture arm
Addition	New York, NY	$1.3B	Debut VC fund led by ex-Tiger Global investor Lee Fixel
KKR	New York, NY	$10B	Third Asia buyout fund

Private Equity Investors	Company	Amount	Description
Ridgemont Equity Partners	American Safety Council	Undisclosed	Orlando, FL-based provider of mandatory training, education, and certification solutions to regulated end market
Charlesbank Capital Partners	Aptean	Undisclosed	Alpharetta, GA-based ERP software company
HGGC, Level Equity	Aventri	Undisclosed	Norwalk, CT-based provider of event management software
Elm Street Technology	IDX Broker	Undisclosed	Eugene, OR-based provider of real estate search applications and marketing solutions
Flagship Pioneering, Alaska Permanent Fund, Riverstone Holdings	Indigo Ag	$300M	Charlestown, MA-based developer of crop sustainability and selling solutions
Investindustrial	Knoll	$164M	East Greenville, PA-based furniture maker
The Carlyle Group	Piramal Pharma	$490M	Indian drugmaker
The Carlyle Group	Unison	Undisclosed	Dulles, VA-based provider of procurement and contract management software to federal government agencies and contractors
Bain Capital	Virgin Australia Holdings	Undisclosed	Largest Australian airline by fleet size to use the Virgin brand
Warburg Pincus	WEX Inc.	$400M	Portland, ME-based corporate credit card provider
Clearlake Capital Group	WhiteStar Asset Management	Undisclosed	Dallas, TX-based CLO specialist

Venture Capital Investors	Company	Amount	Description
5AM Ventures, venBio Partners, RA Capital Management, Medivate Partners, GC LabCell, and GC	Artiva Biotherapeutics	$78M	San Diego, CA-based developer of allogeneic natural killer cell therapies
Insight Partners, New Leaf Venture Partners, Eclipse Ventures	BrightInsight	$40M	San Jose, CA-based regulated digital health platform for biopharma and medtech
Andreessen Horowitz, Kaiser Permanente, Kinnevik, Thrive Capital, Lakestar, Founders Fund	Cedar	$102M	New York-based health care financial engagement platform
Craft Ventures, Georgian Partners	ClickUp	$35M	San Diego, CA-based project management app
Barclays, Citi, Fidelity, Goldman Sachs, J.P. Morgan, Morgan Stanley, Canaccord Genuity, Franklin Templeton, StageDotO, Shea Ventures	CMG	$25M	New York-based provider of workflow and real-time data analytics for capital markets transactions
FTV Capital	Derivative Path	$35M	San Francisco, CA-based provider of solutions for OTC interest rate derivative and for-ex transactions
Optum Ventures, Oak HC/FT, Humana, Alta Partners, Questa Capital, Echo Health Ventures	DispatchHealth	$136M	Denver, CO-based in-home health care startup
Activate Capital, Forte Ventures, Evonik VC, Kerogen Digital Solutions, High Tide Foundation, Kleiner Perkins Green Growth, Ajax Strategies, Blue Bear Capital, Schneider Electric Ventures, Honeywell Ventures, ABB Tech Ventures	Element	$18M	San Francisco, CA-based “industrial data hub”
Bill & Melinda Gates Foundation, Finistere Ventures, Novalis LifeSciences, Germin8 Ventures, TO Ventures Food, Anterra Capital, Rabo Food & Agri Innovation Fund	Enko Chem	$45M	Woburn, MA-based developer of crop protection solutions
MCIF, APF, Sayan Bioventures, BioStar Capital, Kairos Ventures, Caltech	Foldax	$20M	Salt Lake City, UT-based artificial heart valve developer
Point Ventures, Initialized Capital, Founders Fund, SaaStr, House Fund	HelloOffice	$20M	San Francisco-based commercial real estate brokerage making
Intel Capital, DFJ Growth, Dell Technologies Capital, Greycroft, Drive Capital, Citi Ventures	Immuta	$40M	Boston-based automated data governance startup
8VC, Round13 Capital, Citi Ventures, Spark Capital, ScaleUp, Slack Fund	Nylas	$25M	San Francisco, CA-based provider of communications APIs for developers
Wafra, Breyer Capital, LiveOak Venture Partners, Royal Bank of Canada, Northwestern Mutual Future Ventures	OJO Labs	$62.5M	Austin, TX-based maker of an AI assistant for the real estate industry
Obvious Ventures, Gradient Ventures, Point Judith Capital	Openly	$15M	Boston, MA-based homeowners insurance platform
Fin VC, Tribe Capital, Uncorrelated Ventures, Lachy Groom, Anthemis, Craft Ventures, Fika Ventures, MaC Ventures	Pipe	$60M	Los Angeles, CA-based SaaS subscription financing platform
Andreessen Horowitz, Accel, 468 Capital, Basis Set Ventures, Mango Capital	Rasa	$26M	San Francisco, CA-based chatbots platform
Arch Venture Partners, Flagship Pioneering, CPPIB, Baillie Gifford, F-Prime Capital, Alaska Permanent Fund, PSP Investment Board, Bezos Expeditions, GV, Omega Funds, Altitude Life Science Ventures	Sana Biotechnology	$700M	Seattle, WA-based gene regulation startup
Providence Strategic Growth	SevenRooms	$50M	New York-based provider of hospitality guest management software
WuXi AppTec, Sequoia Capital China, Connecticut Innovations	Simcha Therapeutics	$25M	New Haven, CT-based developer of drugs to modulate cytokine pathways
Longitude Capital, Optum Ventures, Deerfield Management, Blue Venture Fund, Flare Capital, Town Hall Ventures	Somatus	$64M	McLean, VA-based provider of kidney disease diagnostics
Fidelity, Westcap, Inovia Capital, Greenoaks, Spark Capital, Greylock, Valor Equity, Tao Capital, Atreides Capital, Lennar	Sonder	$170M	hotel and short-term apartment rental platform
Guggenheim Partners, UC Investments, Elisabeth Murdoch, SC Holdings	SpringHill	$100M	new media company co-founded by LeBron James and Maverick Carter
Recruit Strategic Partners, Flourish Ventures, Loeb Enterprises, Propel Venture Partners, CMFG Ventures	Steady	$15M	Atlanta, GA-based startup that helps low- and mid-wage workers earn more money
Sapphire Ventures, GV, Ventures, Kleiner Perkins, DCM, Resolute Ventures	UJet	$55M	San Francisco, CA-based provider of cloud customer support software

June 30th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: June 16-22, 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.

The Scherzer Deal Report is released on Tuesdays.

PE and VC Firms Fundraising	Location	Amount	Description
Ares Management	Los Angeles, CA	$3.5B	Special opportunities fund
Corten Capital	London, UK	€392M	Debut fund by Warburg Pincus vets Simon Begg and Joseph Schull
FirstMark Capital	New York, NY	$380M	Fifth early stage fund
FirstMark Capital	New York, NY	$270M	Third opportunities fund
FTV Capital	San Francisco, CA	$1.2B	Sixth growth equity fund
Grishin Robotics	Menlo Park, CA	$100M	New fund
Osceola Capital	Tampa, FL	$125M	Debut fund
The Sterling Group	Houston, TX	$2B	Fifth fund

Private Equity Investors	Company	Amount	Description
Paine Schwartz Partners	AgroFresh Solutions	Undisclosed	Philadelphia, PA-based company focused on extending the shelf-life of produce and flowers
Durable Capital Partners, Fidelity, T. Rowe Price	DoorDash	$400M
AE Industrial Partners	NuWave	Undisclosed	McLean, VA-based provider of data management and other tech solutions to the federal government
Accel-KKR	PINC	Undisclosed	Union City, CA-based provider of supply chain management software for yard operations

Venture Capital Investors	Company	Amount	Description
Blue Venture Fund, CRV, .406 Ventures, Horizon Healthcare Services, Echo Health Ventures	Abacus Insights	$35M	Boston, MA-based data integration and interoperability platform for health plans and providers
Point72 Ventures, High Alpha Capital, Republic Labs, Oakridge, Peak State	Botkeeper	$25M	Boston, MA-based bookkeeping company
Andreessen Horowitz, Comcast Ventures, Trinity Ventures	Brightside	$35M	financial care platform for employers
Coatue, Insight Partners, DST Global, Blossom Capital, GIC	Checkout.com	$150M	London-based payments platform
Bain Capital Ventures, Accel, Greylock	Clockwise	$18M	San Francisco, CA-based smart calendar startup
Insight Partners, Salesforce Ventures, Lead Edge Capital, ISAI Cap Venture, Perpetual Investors	Copado	$26M	Chicago, IL-based DevOps platform for Salesforce
BlackRock	Credo	$100M	San Jose, CA-based chipmaker
Owl Ventures	Degreed	$32M	San Francisco, CA-based upskilling platform
Sozo Ventures, Alpha Intelligence Capital, Toyota AI Ventures, Micron Ventures, Presidio Ventures, Hella Ventures, Emergence Capital, Benhamou Global Ventures, Andreessen Horowitz	Drishti Technologies	$25M	Mountain View, CA-based provider of video analytics for the factory floor
Blumberg Capital, QED Investors, FJ Labs, Correlation, Moderne, 7BC, Interplay	EasyKnock	$20M	New York-based residential sale and lease-back platform
L Catterton	Hydrow	$25M	Cambridge, MA-based maker of connected rowing machines
Optum Ventures, Idinvest, capital300, Balderton Capital, Heartcore Capital, Symphony Ventures	Kaia Health	$26M	New York-based digital therapeutics startup
Credit Suisse Asset Management’s NEXT Investors	MayStreet	$21M	New York-based market data infrastructure platform
Atomico, Glynn Capital, Dawn Capital, Nauta Capital, Slack Fund	Onna	$27M	Barcelona and New York-based knowledge integration platform
Kleiner Perkins, Upfront Ventures	Open Raven	$15M	Los Angeles, CA-based data security platform
Lightspeed Venture Partners, 8VC, DCVC Bio, ND Capital, Mubadala, Kaiser Foundation Hospitals, Kaiser Permanente, IMRF	Orca Bio	$192M	Menlo Park, CA-based developer of allogeneic cell therapies
Sands Capital, Salesforce Ventures, Operator Collective, Lone Pine Capital, Spark Capital, Meritech Capital Partners, Trinity Ventures, Mayfield, Sapphire Ventures	Outreach	$50M	Seattle, WA-based provider of sales tools
Sompo Japan Nipponkoa	Palantir	$500M	Palo Alto, CA-based big data analytics company
Apax Digital	Payfone	$100M	New York-based mobile ID company
DCVC, Bold Capital Partners, Alan Frazier	Proprio	$23M	Seattle, WA-based surgical navigation startup
Volkswagen	QuantumScape	$200M	San Jose, CA-based developer of solid-state batteries
Tenaya Capital	Salt Security	$20M	Palo Alto, CA-based API security startup
Redmile Group, Janus Henderson Investors, Fidelity, EcoR1 Capital, Hatteras Venture Partners, Avidity Partners, Partner Fund Management, Emerson Collective, Piper Sandler & Co.	Shattuck Labs	$118M	Austin, TX and Durham, CA-based cancer and inflammatory disease biotech
Coatue Ventures, Index Ventures	Starburst	$42M	Boston, MA-based SQL query engine
Gradient Ventures and GGV Capital	Streamlit	$21M	San Francisco, CA-based model comparison tool for machine learning development
Sapphire Ventures, Comcast Ventures, ForgePoint Capital	Uptycs	$30M	Waltham, MA-based provider of SQL-powered security analytics
Energy Impact Partners, Piva, Salesforce Ventures, National Grid Partners	Urbint	$20M	New York-based provider of field safety information for utilities
BlackRock, Duke Energy, Breakthrough Energy Ventures, Material Impact Fund	Zero Mass Water	$50M	Scottsdale, AZ-based developer of hydropanels for drinking water
Access Industries, 83North, Battery Ventures, Harmony Partners, IVP, RTP Ventures, USVP	Zerto	$33M	Boston, MA-based IT resilience startup
Khosla Ventures, Cervin Ventures	Zycada	$19M	Campbell, CA-based developer of a bot to speed up e-commerce experiences

June 22nd, 2020|Scherzer Deal Report|

The Scherzer Deal Report: June 10-15, 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.

The Scherzer Deal Report will be released on Tuesdays.

PE and VC Firms Fundraising	Location	Amount	Description
Matrix Partners China	Hong Kong	$750M	Sixth Fund

Private Equity Investors	Company	Amount	Description
Kayne Anderson Rudnick Investment Management, Whale Rock Capital Management, Apax Partners, Dragoneer, Insight Partners, Temasek, Neuberger Berman	Duck Creek Technologies	Undisclosed	Boston, MA-based provider of insurance industry SaaS
Searchlight Capital Partners	Global Risk Partners	Undisclosed	British independent insurance intermediary
Iconiq Capital	QGenda	Undisclosed	Atlanta, GA-based provider of workforce management SaaS for the health care industry

Venture Capital Investors	Company	Amount	Description
Andreessen Horowitz, Costanoa Ventures	Alpha Health	$20M	South SF-based unified automation startup focused on health care
ATON Partners, Perceptive Advisors	CereVasc	$44M	Boston, MA-based biotech focused on hydrocephalus
Decheng Capital, Foresite Capital, Madrone Capital Partners, Johnson & Johnson Innovation, ACME Capital	Cue Health	$100M	San Diego, CA-based portable diagnostics lab
Highland Capital Partners, Highland Europe, Dell Technologies Capital, Sequoia Capital, Coatue Management	Domino Data Lab	$43M	San Francisco, CA-based enterprise data science management platform
Brandon Capital Partners, Santé Ventures	Glyscend Therapeutics	$20.5M	Baltimore, MD-based developer of oral treatments for Type 2 diabetes
BlueRun Ventures, Assurant Growth Investing, Leap Global Partners, Correlation Ventures, H.Barton Asset Management, Expa, Montage Ventures, RIT Capital	Haus Services	$16M	San Francisco, CA-based provider of homeowner liquidity solutions
Viking Global Investors	HeadLight	$25.6M	Seattle, WA-based developer of photo-based inspection tech
DST Global, General Catalyst, D1 Capital Partners	Instacart	$225M	San Francisco, CA-based grocery delivery company
Nexus Venture Partners, Rebright Partners, W250 Venture Fund, individual angels	Jiffy.ai	$18M	Palo Alto, CA-based enterprise automation startup
Francisco Partners	Kyruus	$30M	Boston, MA-based provider of search and scheduling software for health systems
Versant Ventures	Lycia Therapeutics	$50M	Bay Area biotech startup focused on protein degradation
Left Lane Capital, Jump Capital, Clocktower Technology Ventures	M1 Finance	$33M	Chicago, IL-based automated money management platform
Lightspeed Venture Partners, AXA Venture Partners	NS8	$123M	Las Vegas, NV-based provider of online fraud prevention solutions for merchants
Andreessen Horowitz, F-Prime Capital, GV, Transformation Capital	PatientPing	$60M	Boston, MA-based provider of health care coordination software
Team8 Capital, Viola FinTech, Arbor Ventures, Nationwide, Hannover Digital Investments	Planck	$16M	New York-based data platform for insurance underwriting
Insight Partners, CRV, Nexus Venture Partners	Postman	$150M	San Francisco, CA-based platform for API development
Transformation Capital, C5 Capital, Laerdal Million Lives Fund	RapidSOS	$21M	New York-based startup that provides data for emergency response situations
CRV,Tiger Global, the San Francisco 49ers, Charles Phillips, Trinity Ventures, 645 Ventures, Comcast Ventures, YC	Squire Technologies	$27M	New York-based provider of barbershop management and point-of-sale software
Index Ventures, Accel, South Park Commons	Transcend	$25M	San Francisco, CA-based provider of a data privacy infrastructure
GV, Arch Venture Partners, F-Prime, Casdin Capital	Verve Therapeutics	$63M	Cambridge, MA-based developer of cardiovascular therapies
Griffin Gaming Partners, NTT DoCoMo Ventures, Avex, Superfly Ventures, Convivialite Ventures, Raised in Space	Wave	$30M	Austin, TX-based virtual concert company that facilitates live music in virtual settings+A7:D28

June 15th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: June 4-9, 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.

Effective June 10, 2020 The Scherzer Deal Report will be released on Wednesdays.

PE and VC Firms Fundraising	Location	Amount	Description
Atlas Venture	Cambridge, MA	$400M	Twelfth fund
Balbec Capital	New York, NY	$1.2B	Fourth global credit fund
Mercato Partners	Salt Lake City, UT	$90M	Fund focused on restaurants
Meritech Capital Partners	Palo Alto, CA	$800M	Seventh later-stage VC fund
Petra Capital Partners	Nashville, TN	$208M	Fourth private equity fund
Wing VC	Palo Alto, CA	$450M	Third early stage fund

Private Equity Investors	Company	Amount	Description
Silversmith Capital Partners	Appfire	$49M	Boston, MA-based provider of apps for software development teams
Blue Sage Capital	Barricades Unlimited	Undisclosed	Lubbock, TX-based provider of traffic control, pavement markings, guardrail installation equipment and services
Brynwood Partners	Buitoni	Undisclosed	North American division of Italian pasta brand

Venture Capital Investors	Company	Amount	Description
Perceptive Advisors, RTW Investments, Viking Global Investors, Venrock, Franklin Templeton, Rock Springs Capital, LifeSci Venture Partners, Surveyor Capital, Highside Capital Management, Logos Capital, Janus Henderson Investors, Sofinnova, Avidity Partners, Sahsen Ventures	Athira Pharma	$85M	Seattle, WA-based regenerative medicine startup focused on neurological diseases
Valor Equity Partners, Rockwell Automation, Inc., ABB Technology Ventures, Atreides Managemen	Atom Power	$17.75M	Charlotte, NC-based digital circuit breaker
UBS, J.P. Morgan, Barclays	Cloud9 Technologies	$17.5M	New York-based trader collaboration and analytics platform
MPM Capital, F2 Ventures	Cullinan Oncology	$98.5M	Cambridge, MA-based developer of cancer drugs
Perceptive Advisors, Northpond Ventures, GV, Foresite Capital, TPG Capital, First Round Capital	DNAnexus	$100M	Mountain View, CA-based provider of biomedical informatics and data management
Yonjin Venture, Varian Medical Systems, J&J, Venture Investors, Lumira Ventures, State of Wisconsin Investment Board	HistoSonics	$40M	Plymouth, MN-based developer of noninvasive robotic platform and sonic beam therapy
Bessemer Venture Partners, Tiger Global Management, Stripes, FirstMark Capital, Battery Ventures, Felicis Ventures, 3KVC, Gaingels, Penna & Co.	Hyperscience	$60M	New York-based data automation startup
Insight Partners	Inky	$20M	College Park, MD-based anti-phishing startup
Goldman Sachs	jSonar	$50M	Waltham, MA-based database security startup
Edison Partners	Superpedestrian	$15M	Boston, MA-based scooter fleet developer
Saudi Aramco, BECO Capital, Cue Ball Group	Wahed Invest	$25M	New York-based online Islamic investment platform
8VC, WiPro, Lightspeed Venture Partners, Dell Technologies Capital	Yugabyte	$30M	Sunnyvale, CA-based developer of open-source distributed SQL databases

June 10th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: May 27 – June 3, 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
Ardian	Paris, France	$19B	Eighth private equity secondaries and co-investments funds
Francisco Partners	San Francisco, CA	$7.45B	Sixth flagship buyout fund
Francisco Partners	San Francisco, CA	$1.5B	Second mid-market fund
Francisco Partners	San Francisco, CA	$750M	Opportunistic credit fund
KKR	New York, NY	$4B	Dislocation fund
MassMutual Ventures	Springfield, MA	$100M	Third fund

Private Equity Investors	Company	Amount	Description
Shamrock Capital	Adweek	Undisclosed	New York-based ad industry publication
GTCR	Captrust Financial Advisors	Undisclosed	Raleigh, NC-based registered investment advisor
Osceola Capital	Central Medical Group	Undisclosed	Flanders, NJ-based provider of outsourced equipment management solutions for hospices
AE Industrial Partners	Deep Space Systems	Undisclosed	Boca Raton, FL-based provider of payloads, systems, and components to the space industry
Thoma Bravo	Exostar	Undisclosed	Herndon, VA-based information-sharing platform for highly-regulated industries
The Carlyle Group and T&D Holdings	Fortitude Group Holdings	$2.2B	US-based reinsurer
Wellspring Capital Management	Steele Solutions	Undisclosed	Franklin, WI-based provider of steel infrastructure for distribution, warehouse, and manufacturing facilities
LLR Partners	TrueLearn	Undisclosed	Mooresville, NC-based provider of online study tools for medical licensing
H.I.G. Capital	USALCO	Undisclosed	Baltimore, MD-based provider of clean water and alumina cemical solutions

Venture Capital Investors	Company	Amount	Description
Goldfinch Partners	Vesta	$125M	Lake Oswego, OR-based fintech pioneer in fraud protection and fully guaranteed payment technologies
Alkeon, Spark Capital, Lux Capital, Iconiq Capital, Thrive Capital, Benchmark	Benchling	$50M	San Francisco, CA-based life sciences R&D cloud platform
Abbot Labs, Smile Group, Quadrant Capital Advisors, Senvest Capital, Janus Henderson, Cormorant Asset Management	Bigfoot Biomedical	$55M	Milpitas, CA-based developer of digital therapies for diabetes
FirstMark Capital, Accomplice, Seedcamp, Credo Ventures, Founders Future, LDV Capital	Ezra	$18M	New York-based provider of early cancer screening solution
Illumina, General Atlantic, Viking Global Investors	Gingko Bioworks	$70M	Boston, MA-based DNA design startup that is working on large-scale COVID-19 testing
Zebra Technologies	Locus Robotics	$40M	Wilmington, MA-based developer of autonomous mobile robots for e-commerce fulfillment warehouses
Sequoia Capital and Kleiner Perkin	Loom	$23M	San Francisco, CA-based video enterprise collaboration platform
CAM Capital, Samsara BioCapital, BVF Partners, Adams Street Partners, Opaleye Management, Ligand Pharma, Agent Capital, BioAdvance, Nolan Capital	Palvella Therapeutics	$45M	Wayne, PA-based biotech focused on rare genetic diseases without approved treatments
Artis Ventures	Tae Life Sciences	$30M	Foothill Ranch, CA-based radiation therapy startup
Threshold Ventures, Acme Ventures, Define Homebrew, Compound, John Doerr	Tia Health	$24M	San Francisco, CA-based provider of women’s telehealth and clinical services
Finistere, Origin Ventures	Tovala	$20M	Chicago, IL-based smart oven and meal service startup
Silver Lake, Riverwood Capital, Level Equity	Vacasa	$108M	Portland, OR-based vacation rental management platform
Lux Capital	Varient Bio	$16M	New York-based biotech that studies “the genes of people from understudied populations who are outliers for medically relevant traits,”
Gallatin Point Capital, The Rise Fund, TPG, Bono, Jeff Skoll, HarbourVest Partners, Progressive Insurance	Varo Money	$240M	San Francisco, CA-based mobile banking app