Monthly Archives: May 2021

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

7wire Ventures
$150M
Second fund

Bain Capital Ventures
$1.3B
Ninth fund

IVP
$1.8B
17th growth-stage fund

KKR
$18.5B
13th North America buyout fund

Top Tier Capital Partners
$360M
Europe-focused fund

White Star Capital
$50M
Debut fund

Private Equity Investors

Ares Management
Black Creek Group
Undisclosed
Denver, CO-based real estate management firm

Abry Partners
Concentrix Insurance Solutions
Undisclosed
Greenville, SC-based insurance third-party administration operations and software platform

AE Industrial Partners
Cross-Fire
Undisclosed
Brooklyn, NY-based fire and life safety company

H.I.G. Capital
eHealth
$225M
Santa Clara, CA-based online marketplace for health insurance

KKR
ERM
$2.7B
London-based local sustainability consultant firm

OMERS Private Equity
Gastro Health
$950M
Miami, FL-based gastroenterology physician practice management firm

Accel-KKR
GPS Insight
Undisclosed
Scottsdale, AZ-based provider of fleet management software

Roark Capital
Nothing Bundt Cakes
Undisclosed
Dallas, TX-based franchisor and operator of bundt cake bakeries

SFW Capital Partners
Pion
Undisclosed
Billerica, CA-based provider of analytical instrumentation for formulation development and quality control in life sciences

KKR
Therapy Brands
Undisclosed
Birmingham, AL-based provider of mental and behavioral health practice management software

BlackRock Long Term Private Capital
Transaction Data Systems
Undisclosed
Orlando, FL-based provider of pharmacy software

Genstar Capital
Vector Solutions
Undisclosed
Tampa, FL-based provider of training and risk management solutions

Venture Capital Investors

Insight Partners, Venrock
Altruist
$50M
Los Angeles, CA-based digital platform for registered investment advisors

Fidelity, Dragoneer, John Doerr, March Capital, Emergence Capital, Euclidean Capital, HOF Capital, Telstra Ventures, 40 North Ventures
ASAPP
$120M
New York, NY-based provider of call center software

Fifth Wall, Ironspring Ventures, Tola Capital
Assignar
$20M
Denver, CO-based construction ops management platform

Cormorant Asset Management, OneVentures
Bivacor
$19M
Houston, TX-based developer of magnetic artificial hearts

RRE Ventures, Fin VC, Gaingels, Hack VC, Greycroft, Coatue, Conversion Capital
Boost Insurance
$20M
New York, NY-based B2B digital insurance platform

Draper Esprit, Astanor Ventures, Lowercarbon Capital, Future Positive Capital, Magnus Rausing, TIME Ventures
Cervest
$30M
London-based climate risk quantification startup

ALIVE Israel HealthTech Fund
Cynerio
$30M
New York, NY-based provider of healthcare IoT cybersecurity

Carrick Capital
DailyPay
$500M
New York, NY-based startup that helps employees and contractors receive daily payments

D1 Capital Partners, Maveron, Palm Tree Crew, Drake
Daring Foods
$40M
Wilmington, DE-based maker of plant-based chicken products

UBS O’Connor, K3 Ventures, Graphene Ventures
Eat Just
$170M
San Francisco, CA-based maker of plant-based egg products

Warburg Pincus, Town Hall Ventures, Echo Health Ventures, Mosaic Health Solutions
Eleanor Health
$20M
Waltham, MA-based outpatient addiction and mental health provider

Scale Venture Partners, Madrona Venture Group, Root Ventures, Ubiquity Ventures, Haystack
Esper
$30M
Bellevue, WA-based Android device management platform

10T Holdings, Morgan Creek Digital
Figure
$200M
San Francisco, CA-based consumer lending platform

SoftBank Vision Fund 2
Formlabs
$150M
Somerville, MA-based 3D printing company

D1 Capital Partners, SoftBank, Krillion Ventures
Heru
$30M
Miami, FL-based developer of wearable vision diagnostics and augmentation software

General Catalyst, Arbor Ventures, Khosla Ventures
Heyday
$70M
San Francisco, CA-based platform for acquiring and incubating marketplace-native brands

Bessemer Venture Partners, Index Ventures, Tusk Venture Partners, Rainfall Ventures, Teamworthy Ventures, Walkabout Ventures
Lithic
$43M
New York, NY-based developer of virtual payment cards

Andreessen Horowitz, Kleiner Perkins, Sequoia Capital, Coatue Management, General Catalyst, Iconiq Capital
Loom
$130M
San Francisco, CA-based workplace video messaging startup

Andreessen Horowitz
Maven
$20M
Austin, TX-based platform for cohort-based courses

GV, Norwest Venture Partners, GSR Ventures
OneNav
$21M
Palo Alto, CA-based mobile positioning system for devices

Capital Partners, Kaiser Permanente, General Atlantic, LabCorp, Bristol-Myers Squibb, Merck
PathAI
$165M
Boston, MA-based pathology tech startup

Updata Partners, Rittenhouse Ventures, LinkedIn
Piano
$88M
Philadelphia, PA-based customer analytics and subscription platform

Greenspring Associates
Pipe
$100M
Miami, FL-based B2B financing platform for SaaS companies

Tiger Global, I2BF Global Ventures, SOMA Capital
Portside
$17M
San Francisco, CA-based aviation business management platform

Kleiner Perkins, Founders Fund, SciFi, Caffeinated Capital, WorkLife Ventures, Background Capital, Avlok Kohli
Settle
$15M
San Francisco, CA-based provider of cash flow management solutions

nfraVia Capital Partners, Bpifranc
SightCall
$42M
San Francisco, CA-based virtual assistance platform

Group 11, Zeev Ventures, Migdal Insurance, Harel Group, AltaIR Capital, More Investment House
Sunbit
$130M
Los Angeles, CA-based “buy now pay later” tech startup

Wells Fargo Strategic Capital, Asahi Kasei, AAA, Gaingels, REACH
Super
$50M
San Francisco, CA-based provider of subscription-based homeowner services

Ribbit Capital, Sequoia CapitalVise$65MNew York, NY-based investment portfolio management platform

Aramco Ventures, Western Digital Capital
Wasabi
$25M
Boston, MA-based cloud storage startup

Coatue, Breakthrough Energy Ventures, The Westly Group, Grok Ventures
WeaveGrid
$15M
San Francisco, CA-based provider of EV deployment solutions

Lightspeed Ventures, Future Shape, CRV, Silverton Partners, Tusk Venture Partners, JPMorgan
Wheel
$50M
Austin, TX-based virtual healthcare recruiting platform

Baillie Gifford, Franklin Templeton, Founders Fund, Bedrock Capital, Andreessen Horowitz, Moore Strategic Ventures, 137 Ventures, Brookfield Growth Partners
Workrise
$300M
Austin, TX-based workforce management platform for skilled trades

Addition, Energy Impact Partners, GA Capital, Fourth Realm, Chevron Technology Ventures, LowerCarbon Capital
Zap Energy
$27.5M
Seattle, WA-based fusion energy startup

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

Deerpath Capital Management
$1.1B
Fifth senior debt fund

Perceptive Advisors
$515M
Second early-stage biotech VC fund

Orion Energy Partners
$1.08B
Third energy credit fund

Private Equity Investors

KKR
Box
$500M
Redwood City, CA-based cloud content management platform

Insight Partners Civic
Plus
Undisclosed
Manhattan, KS-based provider of local government interaction software

Regent LP
Club Monaco
Undisclosed
New York-based fashion retailer

SFW Capital
Granite River Labs
Undisclosed
Santa Clara, CA-based provider of test and certification services for digital connectivity and charging technologies

H.I.G. Capital
Homewerks
Undisclosed
Lake Bluff, IL-based provider of home improvement products

TPG Growth
Ideal Image
Undisclosed
Tampa, FL-based aesthetic brand

Apax
Nulo
Undisclosed
Austin, TX-based premium pet food brand

Godspeed Capital
Prime Engineering
Undisclosed
Atlanta, GA-based architecture, engineering, and surveying firm

Arlington Capital
Qarbon Aerospace
Undisclosed
Milledgeville, GA-based composites business of Triumph Group

TA Associates
Radiant Logic
Undisclosed
Novato, CA-based identity unification company

Nolan Capital
Rocky Mountain Recreation Co.
Undisclosed
Valencia, CA-based concessioner for campgrounds and lakes

The Jordan Co.
Spartech
Undisclosed
Maryland Heights, MO-based maker of acrylics and other engineered extruded plastics

Venture Capital Investors

CoVenture, Singh Capital Partners, Crossbeam
Acquco
$160M
Paramus, NJ-based Amazon marketplace rollup

Deerfield Management, Mayo Clinic
Adaptive Phage Therapeutics
$40.75M
Gaithersburg, MD-based biotech focused on infectious diseases

Warburg Pincus, B Capital, Foresite Capital, NEA, Flare Capital Partners
Aetion
$110M
New York, NY-based provider of real-world evidence analytics for biopharma

EQT Ventures, Accel, Emergence Capital, Salesforce Ventures
Airkit
$40M
Palo Alto, CA-based low-code digital customer experience platform

8VC, Two Sigma Ventures, Sherpa Healthcare Partners, Freeflow Ventures
Appia Bio
$52M
Los Angeles, CA-based allogeneic gene therapy startup

ABS Capital Partners
Apptopia
$20M
Boston, MA-based provider of mobile app market intelligence

SoftBank Vision Fund, Wells Fargo Strategic Capital, M12, PayPal Ventures.
Arkose Labs
$70M
San Francisco, CA-based provider of online fraud and abuse prevention solutions

Bain Capital
Axtria
$150M
Berkeley Heights, NJ-based provider of life sciences data analytics software

Mainstreet Investment, Cisco Investments, Temasek
Blind
$37M
Berkeley, CA-based professional social network and chat platform

Sixth Street, T. Rowe Price, Silver Lake, Fidelity, Coatue, Columbia Threadneedle Investments, CPPIB, Millennium Management, Neuberger Berman, Highland Capital Management, Rock Springs Capital, OrbiMed, ClearBridge Investments, Tudor, Eaton Vance, Pura Vida Investments, First Light Asset Management
Caris Life Sciences
$830M
Irving, TX-based precision medicines developer

General Catalyst, Sound Ventures
Collective
$20M
San Francisco, CA-based back-office platform for the self-employed

Perceptive Advisors, MSD Capital, Koch Strategic Platforms, J&J, Decheng Capital, CAVU Ventures, ACME Capital
Cue Health
$235M
San Diego, CA-based developer of portable health testing solutions

Sixth Street Growth
Drfirst
$50M
Rockville, MD-based e-prescribing platform

Maveron, Corner Ventures, Good Friends, Educapital
Engageli
$33M
San Mateo, CA-based online teaching platform

Third Rock Ventures, Boxer Capital, Nextech Invest, Casdin Capital, Invus Financial Advisors, Eventide Asset Management
Flare Therapeutics
$82M
Cambridge, MA-based developer of precision medicines for cancer

Flagship Pioneering, G Squared, Alexandria Venture Investments, Investment Corp. of Dubai, Rivas Capital, Banque Pictet, Pavilion Capital
Inari
$208M
Cambridge, MA-based plant breeding startup

Temasek, Bertelsmann Asia Investment Fund, Joy Capital, Nio Capital, Eight Roads Ventures, F-Prime Capital
Innovusion
$64M
Sunnyvale, CA-based lidar startup

Arch Venture Partners, Foresite Capital
Interline Therapeutics
$92M
San Francisco, CA-based biotech focused on protein communities

Flagship Pioneering
Laronde
$50M
Cambridge, MA-based developer of circular RNA solutions

Stripes, Norwest Venture Partners, First Round Capital, XYZ Ventures, Webb Investment Network, Dollar General
Legion
$50M
Redwood City, CA-based workforce management company

Group 11, Target Global, AltaIR
Lili
$55M
New York, NY-based provider of mobile banking services for freelancers

Norwest Venture Partners
MAËLYS
$30M
New York, NY-based DTC body care brand

Redpoint Ventures, GV, Obvious Ventures, Cowboy Ventures, Sound Ventures, Moxxie Ventures, Tina Sharkey
Nearby
$21M
Oakland, CA-based local e-commerce platform founded by April Underwood

KKR, Ten Eleven Ventures
NetSPI
$90M
Minneapolis, MN-based provider of enterprise penetration testing and attack surface management

Bain Capital Life Sciences, Fidelity, Wellington Management, Viking Global, Janus Henderson, Avoro Capital Advisors, Boxer Capital, Venrock, Fairmount Funds, Driehaus Capital Management, Logos Capital, Deerfield Management
Nuvalent
$135M
Cambridge, MA-based biotech focused on kinase targets in cancer

3L Capital, Greenfield Partners, Team8, Viola Fintech, Arbor Ventures, Eight Roads
Planck
$20M
New York, NY-based commercial insurance data analytics platform

InfraVia, Bpifrance
SightCall
$42M
San Francisco, CA-based AR platform for field service teams

TransUnion
Spring Labs
$30M
Marina del Rey,CA-based developer of a blockchain-based data-sharing platform

Insight Partners, SignalFire, Nextworld Capital, UpWest, Hillsven, Bloomberg, Naver Corp.
Stampli
$50M
Mountain View, CA-based accounts payable automation startup

Deciens Capital, QED Investors, Susa Ventures, SaaStr Fund
Treasury Prime
$20M
San Francisco, CA-based routine task automation platform for banks

True Ventures
Upsie
$18.2M
St. Paul, MN-based platform for buying product warranties

Rucker Park Capital and Craft Ventures
Waybridge
$30M
New York, NY-based supply chain platform for raw materials

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

Audax
$1.85B
Fifth mezzanine debt fund

Boundary Street Capital
$330M
Debut fund

CarVal Investors
$490M
CVI Clean Energy Fund

Emergence
$950M
Sixth early-stage fund ($575M), plus first opportunity fund ($375M)

EnCap Investments
$1.2B
First fund focused on renewable energy

MiddleGround Capital
$736M
New series of funds

Multicoin Capital
$100M
Second fund

New State Capital Partners
$450M
Third fund

Quad Partners
$388M
Fourth fund

Shenkman Capital Management
$325M
Tactical credit fund

Veritas Capital
$1.8B
Midmarket PE fund focused on tech and government companies

Warren Equity Partners
$673M
Third fund

Private Equity Investors

Partners Group
Axia Women’s Health
Undisclosed
Voorhees, NJ-based provider of non-clinical women’s health services

Francisco Partners, TPG
Boomi
Undisclosed
Chesterbrook, PA-based provider of cloud-connected business software

Kelso & Co.
C.L. Smith
Undisclosed
St. Louis, MO-based distributor of rigid packaging solutions

KKR
Charter Next Generation
Undisclosed
Milton, WI-based maker of polyethylene films

Harvest Partners
HelpSystems
Undisclosed
Eden Prairie, MN-based cybersecurity and automation software maker

J.C. Flowers & Co.
iLending
Undisclosed
Englewood, CO-based auto refinance marketing company

Altamont Capital Partners
Intermix
Undisclosed
New York, NY-based high-end fashion retailer

Crest Rock Partners
Jelecos
Undisclosed
Omaha, NE-based AWS consultant

Butterfly
Pete and Gerry’s Organics
Undisclosed
Lebanon, NH-based producer of free-range and pasture-raised eggs

Brentwood Associates
Watermill Express
Undisclosed
Brighton, CO-based provider of drive-thru drinking water and ice refill stations

Venture Capital Investors

EcoR1 Capital, Farallon Capital Management, Avidity Partners, Casdin Capital, GV, Octagon Capital, Perceptive Advisors, RA Capital Management, TCG Crossover, Woodline Partners, Atlas Venture, F-Prime Capital, Lonza, Mass General Brigham Ventures, NEA
Affinia Therapeutics
$110M
Waltham, MA-based gene therapy startup

Andreessen Horowitz
Bitski
$19M
San Francisco, CA-based developer-focused blockchain wallet infrastructure provider

True Ventures, TechNexus
Catch Co.
$38M
Chicago, IL-based fishing supplies e-commerce company

T. Rowe Price, Invus Group, Declaration Partners, Equilibra Partners, SWaN & Legend Venture Partners, Mousse Partners, Revolution Growth, Lighthouse Investment Partners
CAVA
$190M
Washington, DC-based Mediterranean restaurant chain

Decheng Capital, Eclipse Ventures, Skyviews Life Science, 8VC
Cellares
$82M
South San Francisco, CA-based cell therapy manufacturing platform

Longitude Capital, The Rise Fund, RA Capital, Redmile Group, Red Tree VC
Ceribell
$53M
Mountain View, CA-based developer of rain monitors to detect hidden seizures

Andreessen Horowitz, Casdin Capital, GV, Obvious Ventures, Lux Capital, Polaris Partners, CRV, KdT Ventures
Dyno Therapeutics
$100M
Cambridge, MA-based biotech that applies AI to gene therapy

Foresite Capital
Esker Therapeutics
$70M
San Francisco, CA-based startup focused on autoimmune disorders

DADA Holdings
Firefly Aerospace
$75M
Austin, TX-based small satellite launch startup

Bond Capital, NEA, Breyer Capital, Tull Investment Group, NetEase, Dapper Labs, Coinbase Ventures
Genies
$65M
Los Angeles, CA-based avatar platform

Andreessen Horowitz, Thrive Capital, GV, Accel
Headway
$70M
New York, NY-based software platform that helps therapists accept insurance and helps patients find those therapists

Durable Capital Partners, Tiger Global, Battery Ventures, Zeev Ventures, 01 Advisors, Norwest Venture Partners, Citi Ventures
Honeybook
$155M
San Francisco, CA-based client and financial management platform for freelancers and solo entrepreneurs

JMI Equity, ForgePoint Capital, Gula Tech Adventure
Huntress
$40M
Elliott City, MD-based provider of managed detection and response solutions

Tiger Global, TPG, Tidemark, Owl Rock, Meritech Capital Partners
Kajabi
$550M
Irvine, CA-based e-commerce platform for knowledge-based businesses

General Catalyst, Durable Capital Partners, Bond, Lead Edge Capital, Bain Capital Ventures, Raine Ventures
Material Bank
$100M
Miami, FL-based materials marketplace for architects and construction professionals

Morningside Ventures
Neuroelectrics
$17.5M
Barcelona and Cambridge, MA-based developer of brain stimulation technologies and therapies

Catapult Ventures, Conductive Ventures, Taiwania Capital, SIG, Hella Ventures, PHI-Zoyi Capital, R7 Partners, VectoIQ, ACVC Partners, Mesh Ventures, SV Tech Ventures, Schox Ventures, Signature Bank
Oculli
$55M
Dayton, OH-based provider of AI software for radar perception

Addition, Drive Capital, Basis Set, Lemnos Lab
Path Robotics
$56M
Columbus, OH-based developer of autonomous robotic welding systems

Index Ventures, Coatue
Persona
$50M
San Francisco, CA-based identity infrastructure startup

Eldridge, JE Dunn
Prescient
$190M
Mebane, NC-based architectural design and building technology platform

Summit Partners, ICONIQ Growth, Bain Capital Ventures
ReCharge
$227
MLos Angeles, CA-based subscription management platform

Ford, BMW, Volta Energy Technologies
Solid Power
$130M
Louisville, KY-based developer of solid-state batteries

Bain Capital Ventures, GGV Capital, CRV
StarTree
$24M
Mountain View, CA-based cloud analytics-as-a-service platform

Redpoint Ventures, Benchmark, New Enterprise Associates, Icon Ventures, Two Sigma Ventures
Timescale
$40M
New York, NY-based open-source time-series database

Section 32, Soleus Capital, Janus Henderson Investors, Madrona Venture Group, Ridgeback Capital, Alexandria Venture Investments
TwinStrand Biosciences
$50M
Seattle, WA-based developer of next-gen sequencing tech

Sequoia Capital, YC
Vanta
$50M
San Francisco, CA-based automated security, and verified compliance platform

Tiger Global, Nvidia
Vast Data
$83M
New York, NY-based storage software provider

General Atlantic, Centene, AXA Venture Partners, Ardea Partners, Ally Bridge Group, AME Cloud Ventures, Aspect Ventures, Canvas Ventures, Guidewell, NGP Capital, Workday Ventures
Vida Health
$110M
San Francisco, CA-based virtual chronic care platform

SoftBank Vision Fund 2, Capital One Ventures, SVB Capital, Andreessen Horowitz, GGV Capital, Workday Ventures, M12
Workboard
$75M
Redwood City, CA-based OKR platform