November 2020

The Scherzer Deal Report: November 13-19, 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
Bentley iTwin Ventures	Exton, PA	$100M	Debut Fund
Better Tomorrow Ventures	San Francisco, CA	$75M	Debut Fund
Council Capital	Nashville, TN	$200M	Fourth Fund
NextView Ventures	Boston, MA	$89M	Fourth Fund
Quid	San Francisco, CA	$320M	Debut employee loan fund
Round Hill Music Royalty Partners	New York, NY	$291M	Third fund
Searchlight Capital Partners	New York, NY	$3.4B	Third private equity fund
STG Partners	Palo Alto, CA	$2B	Sixth tech-focused private equity fund
Thomas H. Lee Partners	Boston, MA	$900M	THL Automation Fund. L.P.

Private Equity Investors	Company	Amount	Description
Arsenal Capital Partners	Best Value Healthcare	Undisclosed	Lakeland, FL-based primary care platform focused on Medicare Advantage
DW Healthcare Partners	CareXM	Undisclosed	Lehi, UT-based provider of virtual care and patient engagement solutions for post-acute and non-acute health care providers
American Securities	Foundation Building Materials	$1.37B	Santa Ana, CA-based distributor of specialty buildings products like wallboard, suspended ceiling systems, metal framing
Royal Ahold Delhaize	FreshDirect	Undisclosed	New York, NY-based online grocer
The Home Depot	HD Supply Holdings	$8B	Atlanta, GA-based building products company
Sun Capital Partners	Miami Beach Medical Group	Undisclosed	South Florida-based provider of health care services to Medicare Advantage plan members
Clearlake Capital Group	PrimeSource	Undisclosed	Irving, TX-based distributor of specialty building materials
OMERS Private Equity	Turnpoint	Undisclosed	Louisville, KY-based HVAC, plumbing and electrical services firm
Clearlake Capital Group	WellPet	Undisclosed	Tewksbury, MA-based natural petfood company
KKR	Zeus Health	$100M	Newly formed medical device acquisition platform

Venture Capital Investors	Company	Amount	Description
Coatue, Decibel Ventures, Index Ventures	Abacus.AI	$22M	San Francisco, CA-based developer of AI module
Menlo Ventures, Greylock	Abnormal Security	$50M	San Francisco, CA-based email security startup
Sapphire Ventures, Elsewhere Partners	ActivTrak	$50M	Austin, TX-based workforce monitoring tool
OMRON, Khosla Ventures, WP Global Partners, Qualcomm Ventures, Bold Capital Partners	AliveCor	$65M	Mountain View, CA-based provider of mobile electrocardiogram technology
Eldridge	CAIS	$50M	New York, NY-based alternative investing platform
Dragoneer, Brookfield Technology Partners, DCVC, Builders VC	Carbon Health	$100M	San Francisco, CA-based healthcare provider startup
Vickers Venture Partners, 212, Streamlined Ventures, Alumni Ventures Group, Waterman Ventures	Chooch.ai	$20M	San Francisco, CA-based enterprise computer vision startup
Insight Partners	CloudBolt Software	$35M	Bethesda, MD-based self-service hybrid cloud platform
GS Growth, Salesforce Ventures	Cogito	$25M	Boston, MA-based provider of real-time emotional intelligence solutions
Altimeter Capital, T. Rowe Price, Blackrock, Silverlake, NEA, Tiger Global	DataRobot	$270M	Boston, MA-based enterprise AI platform
VenBio Partners, Cormorant Asset Management, Boxer Capital, Janus Henderson, Samsara Biocapital, Vivo Capital, Aisling Capital, Vertex Ventures HC, Qiming Venture Partners USA, Driehaus Capital Management, BVF Partners	Elevation Oncology	$65M	New York, NY-based biotech focused on genomically defined cancers
Breakthrough Energy Ventures, The Engine, Prelude Ventures	Form Energy	$70M	Somerville, MA-based developer of battery systems for long-term storage of wind and solar energy
Thrive Capital, GV, Accel, GFC, IA Ventures	Headway	$26M	New York, NY-based software platform that helps therapists accept insurance and helps patients find those therapists
General Catalyst, Khosla Ventures, Arbor Ventures	Heyday	$175M	San Francisco, CA-based startup focused on accelerating consumer product brands on digital marketplaces like Amazon
Travelers, State Farm Ventures, Nationwide	Hover	$60M	San Francisco, CA-based data platform for home improvement and property insurance pros
Valor Equity Partners, Marcy Venture Partners, Atreides Management, PICO Venture Partners, 14W, Max Ventures	K Health	$42M	New York, NY-based digital primary care startup
Quan Capital, 6 Dimensions Capital, Qiming Venture Partners, Sinopharm Capital	Kira Pharma	$46M	Cambridge, MA-based developer of therapies for immune-mediated diseases
Accel, Summit Partners	Klaviyo	$200M	Boston, MA-based marketing automation firm
BBGI	Manus Bio	$75M	Cambridge, MA-based developer of complex natural products through advanced fermentation
Bayer, Humboldt Fund, Sozo Ventures, Agent Capital, InCube Ventures, HOF Capital	Metagenomi	$65M	Emeryville, CA-based gene editing company
SoftBank, Norwest Venture Partners, Accel Partners, Canaan, NEA, NewView Capital, Qualcomm Ventures	MindTickle	$100M	San Francisco, CA-based sales readiness plaform
WTT Investment, DCVC Bio, Valor Equity Partners, Humboldt Fund, Gruss & Co., Novo Holdings, 8VC, SOSV, AgFunder, Wireframe Ventures, Tony Fadell, John Legend, Natalie Portman	MycoWorks	$45M	Emeryville, CA-based developer of a leather alternative
Apple Tree Partners	Nereid Therapeutics	$50M	Boston, MA-based biotech focused on biomolecular condensates
Susquehanna Growth Equity	Realync	$22M	Chicago, IL-based virtual leasing platform for multifamily real estate
TCV, Sequoia Capital, Dragoneer, Madrone Capital Partners, Jackson Square Ventures, Go4it Capital	Strava	$110M	San Francisco, CA-based social platform for fitness
Jackson Square Ventures	Trust & Will	$15M	San Diego, CA-based estate planning platform
MPM Capital, Qiming Venture Partners USA	Umoja Biopharma	$53M	Seattle, WA-based developer of immunotherapies for blood cancer and pediatric osteogenic sarcoma
Cathay Innovation, GreatPoint Ventures, Breyer Capital, Omega Venture Partners, Greycroft, Lerer Hippeau, Interlock Partners, Mark VC, ATX Venture Partners	ZenBusiness	$55M	Austin, TX-based software platform for launching new businesses
SignalFire	ZeoTap	$18.5M	New York, NY-based customer intelligence platform

The Scherzer Deal Report: October 30 – November 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
Homestead Capital	San Francisco, CA	$596M	Third fund
Oceans Ventures	New York, NY	$11M	Debut fund
Veritas Capital	New York, NY	$400M	First credit fund
Zeal Capital Partners	Washington, DC	$22.3M	Debut fund

Private Equity Investors	Company	Amount	Description
True Wind Capital	AIA Contract Documents	Undisclosed	Washington, DC-based provider of customizable legal contracts to the construction market
Macquarie Capital, GCM Grosvenor	Alaska Communications	Undisclosed	Anchorage, AK-based telecom company
Inspire Brands	Dunkin’ Brands	$11.3B	Canton, MA-based restaurant platform
Clearlake Capital Group	Endurance International Group	$3B	Burlington, MA-based provider of cloud solutions for SMEs
Auxo Investment Partners	GC Dies	Undisclosed	Elmhurst, IL-based steel rule die manufacturer
GreyLion Capital, Stone Point Capital	Hyphen Solutions	Undisclosed	Addison, TX-based provider of residential construction management software
AE Industrial Partners	Linkware and Pangiam	Undisclosed	Merger of Alexandria, VA-based provider of custom software to federal government clients, and a security and travel consulting services company
Advent International	Nielsen’s Global Connect unit	$2.7B	New York-based company that tracks consumer goods sales
Kohlberg & Co.	Parts Authority	Undisclosed	New Hyde Park, NY-based aftermarket distributor of replacement car and truck parts
Guardian Capital Partners	Upper Echelon Products	Undisclosed	Austin, TX-based e-tailer of consumer products under such brands as Everlasting Comfort and Café Du Chateau
Court Square Capital Partners	Veregy	Undisclosed	Phoenix, AZ-based energy engineering company

Venture Capital Investors	Company	Amount	Description
Wheatsheaf Group, GV, Argonautic Ventures, Caisse de dépôt et placement du Québec, Emart, GS Group, Louis Dreyfus Company, iSelect Fund, Fall Line Capital, Mercury Fund, Prelude Ventures, Prolog Ventures, S2G Ventures	Benson Hill	$150M	St. Louis, MO-based crop design company
NTTVC, Qualcomm Ventures, Lightspeed Venture Partners, Norwest Venture Partners, Cervin Ventures	Celona	$30M	Cupertino, CA-based private mobile networking startup
Meritech Capital Partners, Julia and Kevin Hartz, Zac Bookman, Initialized Capital, Axon, Bedrock Capital, Matrix Partners, Founders Fund, YC	Flock Safety	$47M	Atlanta, GA-based developer of local surveillance systems
Canaan Partners, Khosla Ventures, Bling Capital, Rise of the Rest	Hermeus	$16M	Atlanta, GA-based developer of a Mach 5 aircraft
Francisco Partners	MyFitnessPal	$345M	San Francisco, CA-based smartphone app and website that tracks diet and exercise
SoftBank, Mubadala, Oaktree Capital, UBS Asset Management, Target Global	REEF Technology	$700M	Miami, FL-based provider of parking lot tech and services
USVP, Lightstone Ventures, Alumni Venture Partners, Wakestream Ventures, Biosciences Research & Commercialization Center of Western Michigan University, Invest Michigan, Michigan Angel Fund	Shoulder Innovations	$21.6M	Holland, MI-based developer of shoulder replacement systems
Ribbit Capital, NFX, Zigg Capital	Tomo Networks	$40M	Stamford, CT-based home mortgage platform
SIG Asia Investments, Accomplice, Golden Ventures, Jump Capital	TVision	$16M	New York-based provider of TV performance metrics
Morgan Stanley Capital Partners	US HealthConnect		Fort Washington, PA-based provider of pharma-sponsored continuing medical education and promotional education to health care providers
NGP Energy Technology Partners, Prelude Ventures, Ajax Strategies	Voltus	$25M	San Francisco, CA-based distributed energy resources platform
Stage 1 Ventures, Mitsubishi	WiTricity	$34M	Watertown, MA-based wireless power transfer company

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The Scherzer Deal Report: November 13-19, 2020

The Scherzer Deal Report: October 30 – November 5, 2020