Monthly Archives: 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 $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

November 24th, 2020|Scherzer Deal Report|

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

November 6th, 2020|Scherzer Deal Report|
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