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The Scherzer Deal Report: April 18-22, 2022

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 and Lucas and Associates, LLC.

PE and VC Firms

$1.6B
Life sciences-focused royalty and structured credit fund
 
$200M
Third fund
 
$300M
Second fund
 
$400M
Early-stage web3 and blockchain gaming startups fund
 
$350M
Carbon removal startups-focused fund
 
$915M
Sixth growth equity fund
 
$205M
Second fund
 
$800M
Third fund
 
$1.950B
Fourth PE fund (1.6B) and first structured capital fund ($350M)

Private Equity Deals

Blackstone
$12.8B
Austin, TX-based student housing owner
 
Congruent Investment Partners
Undisclosed
Waxahachie, TX-based provider of welding and other industrial plant repair and maintenance services
 
Silversmith Capital Partners
$60M
New York, NY-based provider of e-commerce software for merchants
 
The Jordan Company
Undisclosed
Palo Alto, CA-based maker of electronic components, subsystems and antenna systems
 
G2VP, Valor Equity Partners, Lowercarbon Capital, Polychain Capital, Bain Capital Ventures, Founders Fund, MCJ Collective, Winklevoss Capital, Zigg Capital, DRW VC, Atreides Management, Exor Seeds, CMT Digital, Upper90, Inclusive Capital Partners, Engine No. 1, Tao Capital, Felicis Ventures, Castle Island Ventures, Mitsui & Co., FootPrint Coalition Ventures
$505M
Denver, CO-based flared gas bitcoin miner
 
Eagle Merchant Partners
Undisclosed
Charlotte, NC-based franchisor of deep cleaning services
 
The Pritzker Organization
Undisclosed
Los Angeles, CA-based provider of outsourced employment to the biopharma and health care industries
 
Goldman Sachs Asset Management
$125M
Orlando, FL-based supply chain cybersecurity company
 
Nexa Equity
$75M
Columbus, OH-based provider of digital ticketing and event software to schools and conferences
 
ArchiMed
$1.2B
Orlando, FL-based neurological medical device maker
 
Arcline Investment Management
$525M
Stamford, CT-based process measurement, and control instrumentation business
 
FFL Partners
Undisclosed
San Diego, CA-based primary care provider in the greater San Diego area
 
Insight Partners
Undisclosed
Burlington, MA-based data integrity software firm
 
Ripple Industries
Undisclosed
Dallas, TX-based maker of power supply products
 
Apollo Global Management
Undisclosed
Chicago, IL-based grocery retailer

 

Venture Capital Deals

Arch Venture Partners, Bristol Myers Squibb, Atlas Venture, RA Capital Management, Alta Partners, Longwood Fund, Takeda Ventures
$130M
Cambridge, MA-based developer of B cell medicines
 
TechCrunch. Liberty City Ventures, Morgan Creek Digital, Eidetic Ventures, Givic, ConsenSys, Bloccelerate, Fitz Gate Ventures, Arab Angels, Kenetic Capital, PropelX
$41M
New York, NY-based enterprise blockchain platform
 
GT Investment Partners
$40M
Westlake, OH-based maker of remote patient monitoring wearables
 
Sequoia Capital, Vy Capital, Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, DFJ Growth
$675M
Austin, TX-based urban tunneling transportation company founded by Elon Musk
 
Seven Seven Six, OSS Capital, Obvious Ventures, Daily.co
$25M
San Francisco, CA-based scheduling platform
 
Sequoia Capital, IVP, YC, Caffeinated Capital, Initialized Capital, SciFi VC
$30M
Walnut, CA-based nurse shift-matching marketplace
 
Baillie Gifford, T. Rowe Price
$260M
Seattle, WA-based marketplace that connects truckers and shippers
 
Playground Global
$44M
Santa Clara, CA-based compute platform for data centers
 
Blumberg Capital, Citigroup, State Street
$40M
New York, NY-based investment management platform
 
Dell Technologies Capital
$16M
Cupertino, CA-based personalization engine for brands
 
Andreessen Horowitz, Andrea Funsten, Ben Gilbert, David Rosenthal
$38M
New York, NY-based developer of metabolic biosensors
 
Oak HC/FT, DCM
$40M
San Jose, CA-based clinical AI startup
 
Tiger Global, Insight Partners
$50M
San Francisco, CA-based website copy personalization startup
 
Buckley Ventures, LFG3, VC, Lattice, Loom, Ramp
$125M
San Francisco, CA-based patient experience startup
 
Fuel VC, IDC Ventures, Visa, Endeavor Catalyst
$19M
Miami, FL-based full-stack banking
 
API provider Obvious Ventures
$23M
Miami, FL-based remote mental health wellness company
 
Catalio Capital Management, Bristol Myers Squibb, Andreessen Horowitz, Allen & Co., 50 Years VC
$80M
Emeryville, CA-based programmable biology and chemistry startup
 
Fenice Investment Group, Energy Transition Ventures
$45M
Incline Village, NV-based maker of PEM electrolyzer
 
Lightspeed Venture Partners, Griffin Gaming Partners, Andreessen Horowitz, Animal Capital, Cleo Capital
$22M
Seattle, WA-based gaming studio
 
Georgian, Salesforce Ventures, LinkedIn, Base10 Partners Advancement Initiative, Okta, Endeavor Catalyst, Stripes, PayPal Ventures, Slack Fund
$150M
Charlotte, NC-based HR platform
 
Greycroft, WestWave Capital, Emergent Ventures
$20M
Los Altos, CA-based presentation deck gamification startup
 
Altimeter Capital, Coatue, Dragoneer, Iconiq, Adams Street, Battery Ventures
$220M
Boston, MA-based provider of clinical trials software
 
Moon, Lightspeed Venture Partners, Polaris Partners, Section 32, Catalio Capital Management, Waterman Ventures
$110M
Cambridge, MA-based developer of implantable tissue treatments
 
QED Investors, Block, Slow Ventures, Quality Control
$20M
Los Angeles, CA-based distribution and payments platform for musicians and labels
 
Georgian, Elsewhere, Accenture Ventures, Workday Ventures, Gaingels
$35M
Santa Clara, CA-based enterprise VR training startup
 
ADIA, Alaska Permanent Fund, Altitude Life Sciences, Artis Ventures, Cormorant Asset Management, Flagship Pioneering, Hanwha Impact Partners, Longevity Vision Fund, March Capital, SALT Fund, SoftBank
$300M
Cambridge, MA-based programmable genetics startup
 
Norwest Venture Partners, NBCUniversal, Hearst Ventures
$20M
Pasadena, CA-based performance platform for CTV ads
 
Insight Partners, Radical Ventures, 8VC, DCVC, DCVC Bio, Mubadala Capital Ventures
$50M
San Francisco, CA-based developer of digital twins for clinical trials
 
Temasek, Baillie Gifford, Givaudan, John Doerr, SALT fund, Synthesis Capital, Bill Gates, Cargill, Cercano Management, CPT Capital, Dentsu Ventures, EDBI, Kimbal and Christiana Musk, Norwest Venture Partners, SoftBank, SOSV, Tyson Foods
$400M
Berkeley, CA-based alt meat maker
 
NEA, Highgate Ventures, Signalfire, Fifth Wall, Tishman Speyer, 01 Advisors, Certares, RXR, PAR Capital
$16M
San Francisco, CA-based revenue management startup

District of Columbia: Limitations on Reporting Negative Information in Background Checks Used for Employment Purposes

Although several states have laws analogous to the federal Fair Credit Reporting Act (FCRA), the District of Columbia does not. As a rule, the District of Columbia follows the federal FCRA regarding the limitations on reporting negative information in background check reports used for employment purposes. However, there are three notable exceptions where district law differs from the FCRA regarding reporting criminal records:

(1)        Records of arrests or criminal accusations that did not result in a conviction cannot be reported (unless the charges are pending);

(2)        Inquiries about criminal convictions cannot be made unless a conditional offer of employment is made; and

(3)        Convictions with a completed sentence that is more than 10 years old cannot be reported.

The first two exceptions are found in the district’s Fair Criminal Record Screening Amendment Act of 2014 codified at Sections 32-1341 – 32-1346 of the Code of District of Columbia, and the third exception is found in Section 2–1402.66 of the district’s Human Rights Law.

The Scherzer Deal Report: April 11-15, 2022

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 and Lucas and Associates, LLC.

PE and VC Firms

$405M
Last fund, best fund
 
$2B
Debut fund
 
$1.6B
First PE fund-of-funds
 
$2.75B
Eighth fund
 
$120M
Second digital asset fund

Private Equity Deals

The Carlyle Group
Undisclosed
London-based life sciences VC and PE firm 
 
PSG
$200M+
Lexington, MA-based media tech holding company
 
Thomas H. Lee Partners
Undisclosed
Santa Barbara, CA-based provider of data products for insurers
 
New Mountain
Undisclosed
New York, NY-based advisory, tax, and assurance firm
 
Godspeed Capital
Undisclosed
Fort Worth, TX-based architecture and engineering firm focused on Texas education facilities
 
Rockpoint
Undisclosed
Orlanda, FL-based Jimmy Buffett lifestyle brand for restaurants, stores, and casinos
 
Bregal Sagemount
Undisclosed
Greenwich, CT-based payment processing software company
 
Health Enterprise Partners
Undisclosed
Norwell, MA-based provider of in-home and clinic treatment for autism
 
Thoma Bravo
$6.9B
Austin, TX-based enterprise cybersecurity firm
 
Gridiron Capital
Undisclosed
Greensboro, NC-based provider of fall protection equipment and arborist tools for the tree care industry

 

Venture Capital Deals

7Wire Ventures, Human Capital, StartUp Health, Bayer, Define Ventures, Founders Fund
$16M
San Diego-based virtual diabetes clinic
 
Northpond Ventures, RA Capital, Blue Water Life Science Advisors, Altitude Life Science Ventures, Fiscus Ventures, PEAK6 Strategic Capital, Carbon Silicon Ventures, Codon Capital, Mubadala Capital, Humboldt Fund, Fifty Years, Horizons Ventures
$68M
Emeryville, CA-based developer of enzymatic DNA synthesis tech
 
Deerfield Management, Petrichor Healthcare Capital Management, Flying L Partners, Falcon Vision, Visionary Ventures
$120M
Seattle, WA, Boston, MA- and Tokyo, Japan-based clinical-stage biotech company and developer of regenerative therapies for vision loss
 
Insight Partners, FJ Labs
$30M
San Francisco, CA-based brand intelligence AI
 
BlackRock, Fidelity, Marshall Wace, Fin Capital
$400M
Boston, MA-based provider of payment and treasury infrastructure solutions for online businesses
 
Dragoneer, Bessemer Venture Partners
$50M
Humble, TX-based energy analytics software provider
 
Stone Point Ventures, Sony Innovation Fund by IVG, Aflac Ventures, Allianz Life Ventures, Connecticut Innovations, Fairview Capital, Contour Venture Partners, Commerce Ventures, Tribeca Early Stage Partners
$15M
Hartford, CT-based digital life insurance startup
 
Vista Equity Partners
$215M+
Plano, TX-based managed detection and response cybersecurity startup
 
Tiger Global, Cedars-Sinai Health Ventures, True Ventures, DNX Venture, Ubiquity Ventures, E14 Fund, Next Coast Ventures, Boom Capital, Gaingels
$30M
Austin, TX-based developer of service robots for healthcare
 
Insight Partners
$30M
New York, NY-based provider of no-code security tools for cloud app logins
 
Imaginary Ventures
$15M
New York, NY-based senior care startup
 
Shamrock Capital
$80M
Culver City, CA-based TV ad measurement company
 
GGV Capital, Pavilion Capital, Cenova Capital, Mitsui & Co., CBC Group
$67M
Boston, MA-based oncology biotech
 
Sony Group, KIRKBI
$2B
Cary, NC-based maker of Fortnite
 
Brewer Lane Ventures, FirstRound Capital, FirstMark Capital, Foundation Capital, Altai Ventures, Asymmetric Ventures, Reliance Standard Life, New York Life Ventures, Guardian Life, Sedgwick
$21M
New York, NY-based insurance claims platform
 
StepStone Group, Golub Capital, Signal Peak Ventures, Meritech Capital
$108M
Salt Lake City, UT-based legal work platform
 
Silver Lake, BOND, NEA, Tamarack Global
$150M
Los Angeles, CA-based startup that creates avatars for the metaverse
 
Tiger Global, Zoom, Slack, Unusual Ventures, Freestyle VC
$16M
San Francisco, CA-based video meeting content saving and sharing startup
 
Energy Impact Partners, Moore Strategic Ventures, Sunfox Capital, NGP ETP
$40M
Milpitas, CA-based enterprise rate platform provider to modern utilities and energy technology companies
 
Concord Health Partners and Columbia Pacific Advisors
$40M
Austin, TX-based telepsychiatry startup
 
General Catalyst, Resolute VC, NNS, Expanding Capital
$42M
Palo Alto, CA-based provider of backend solutions to provide home services marketplaces
 
Insight Partners
$18M
Oakland, CA-based product analytics startup
 
Vista Equity Partners, Telescope Partners
$43M
Redlands, CA-based provider of healthcare credentialing and training software
 
Justin Bieber, Paris Hilton, and Drake
$87M
Miami, FL-based crypto payments startup
 
Evolution VC Partners, Tattarang, Lewis & Clark AgriFood, Collaborative Fund, AiiM Partners, Engine No.1, Raga Partners, Tidal Impact, Scrum Ventures, Gaingels, BMW iVentures, Ralph Lauren, Advantage Capital, Central Illinois Angels
$85M
Peoria, IL-based maker of plant-based textile materials
 
Goldman Sachs, B Capital, Founders Fund, Meritech Capital
$200M
San Mateo, CA-based insurance brokerage platform
 
SoftBank, Zoom, Menlo Ventures, Nexus Ventures
$125M
San Francisco, CA-based quality assurance AI for call centers
 
Menlo Ventures, Norwest Venture Partners, IVP, Greylock, Wing, GV
$90M
Newport Beach, CA-based SaaS security and posture management startup
 
SoftBank, Liberty Global Ventures, Catalyst Investors, Sageview Capital, Blue Cloud Ventures
$185M
Greenwood Village, CO-based cloud distribution platform
 
Sequoia Capital, Insight Partners, IA Ventures, Four Rivers, Rise of the Rest
$24M
Washington, DC-based cybersecurity startup
 
Baird Capital, Venrock, Foundry Group, Next Frontier Capital
$25M
Bozeman, MT-based chatbot platform
 
MKB, Microsoft Climate Innovation Fund, Blue Bear Capital, DNV, Buoyant Ventures, Congruent Ventures, Data Point Capital
$22M
Boston, MA-based provider of solar lifecycle management software
 
Owl Ventures, Lightspeed Venture Partners, Female Founders Fund, Forerunner Ventures, BBG Ventures
$37M
New York, NY-based mental health app
 
TPG, Permira, Neuberger Berman, Cap Table Coalition
$200M
Boston, MA-based commerce experience platform for brands
 
Giant Ventures, Nimble Ventures
$20M
Austin, TX-based ocean floor mapping robotics company
 
AXA Venture Partners, Sorenson Capital, Qualcomm Ventures, Fifth Wall, SJF Ventures, Floating Point Ventures
$54M
Boston, MA-based supply chain visibility startup
 
Atlas Venture, Lightspeed Venture Partners, RA Capital, Pfizer Ventures, Surveyor Capital, Logos Capital
$110M
Boston, MA-based molecular glue startup
 
Enhanced Healthcare Partners, Kittyhawk Ventures, Kawn Ventures, North Coast Ventures
$53M
Hoboken, NJ-based provider of value-based senior care solutions
 
TTV Capital
$30M
Los Angeles, CA-based app for immigrant families in the US

UCC filing where the secured party is the IRS

If the IRS wants to file a statewide tax lien against a taxpayer’s personal property, the document evidencing the lien will be filed with the secretary of state’s office. Most states (if not all) index the IRS liens along with the UCC-1 financing statement liens. Although the tax lien is indexed with the UCC filings, the tax lien is not a UCC filing.

The reasoning for indexing the federal tax liens with the UCC-1 filings has to do with a potential bankruptcy filing by the debtor/taxpayer. In most cases, there will be an issue of which lien takes priority in the bankruptcy case. The date of filing with the secretary of state usually decides the issue of priority.

Are independent contractors considered employees under the FCRA?

Unfortunately, there is no clear answer.

The Federal Trade Commission (FTC) in its most recent staff report (in 2011) states that “employment purpose” is interpreted broadly and may apply to situations where individuals are not technically employees. Reports on consumers who are clearly not employees under traditional common law principles can nevertheless be construed as consumer reports for employment purposes.

It is up to the employer to determine the purpose of the background check based on its particular facts and circumstances. Some points to consider include:

1) Is the individual free from control and direction in connection with the performance of the service?

2) Is the service performed outside of the usual course of business of the employer?

3) Is the individual customarily engaged in an independently established trade, occupation, profession or business of the same nature as that involved in the service performed?

If the answer is “yes,” then most likely a report on the individual would not be under the FCRA’s employment purpose.

While a few recent district court decisions have held that the FCRA employment purpose does not apply to contractors, the FTC has not budged on its stance that employees and nontraditional workers alike are protected under the FCRA.

Where there are gray areas, the conservative approach is to follow the employment purpose requirements but modify disclosure and authorization forms and other documents to reflect an independent contractor status.

The Scherzer Deal Report: April 4-8, 2022

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 and Lucas and Associates, LLC.

PE and VC Firms

$750M
Seventh early-stage life sciences fund ($450M) and second later-stage fund ($300M)
 
$150M
VC debut fund
 
$4.6B
Second fund
 
$460M
Third fund
 
$1.1B
Fifth midmarket PE fund
 
$200M+
Latest fund
 
$365M
Second fund
 
$500M
Third fund
 
$1.95B
Sixth growth equity fund
 
$85M
Third fund
 
$167M
Third growth equity fund
 
$4.6B
Second credit opportunities fund
 
$3.3B
Second credit fund
 
$1.35B
Fifth fund

Private Equity Deals

Reverence Capital Partners
$100M
New York, NY-based alternative investment platform
 
Brookfield Business Partners
Undisclosed
Illinois-based provider of auto dealership software
 
Stonepeak
Undisclosed
Denver, CO-based data center operator
 
Hellman & Friedman
Undisclosed
Chicago, IL-based market analytics firm
 
FTV Capital
$180M
Norwalk, CT-based provider of procurement tech
 
H.I.G. Capital
Undisclosed
Spring Grove, IL-based paper producer
 
GrowthCurve Capital
Undisclosed
Franklin, TN-based provider of hospital revenue cycle management software
 
Patient Square Capital
$340M
Herndon, VA- based provider of acute care telemedicine
 
Ariel Alternatives
Undisclosed
Salt Lake City, UT-based communications provider to people who are deaf or hard of hearing
 
Monarch Alternative Capital, Alliance Consumer Growth, White Road Investments
$150M
San Diego, CA-based pet food maker
 
Stone Point Capital
$2B
Franklin, TN-based owner of the SilverSneakers fitness program for Medicare-eligible people
 
Thoma Bravo
Undisclosed
San Jose, CA-based user experience insights company

 

Venture Capital Deals

MicroPort CardioFlowMedtech
$35.4M
Minneapolis, MN-based medical device maker focused on mitral regurgitation
 
Tiger Global, Shasta Ventures, Accel
$31M
Palo Alto, CA-based provider of data automation products for enterprise customers
 
Koch Strategic Platforms
$30M
Hayward, CA-based solid-state battery developer
 
Tiger Global
$64M
San Francisco, CA-based maker of trenching robots for heavy construction projects
 
Insight Partners, Tiger Global, Advent International, Goldman Sachs, Sequoia Capital, Lightspeed Venture Partners
$88M
New York, NY-based web3 and blockchain security company
 
SoftBank, BlackRock, Memorial Hermann Health System, Insight Partners, Spark Capital, KKR, Aspenwood Ventures, Rivas Capital, Sigmas Group
$150M
San Francisco, CA-based cloud analytics and value-based payments platform
 
Warburg Pincus, The Heritage Group
$50M
Boyertown, PA-based environmental commodities trading company
 
Acrew Capital, BNY Mellon, Goldman Sachs, Fidelity Investments, Highland Capital Partners, Avon Ventures, Morningside Technology Ventures
$35M
Boston, MA-based crypto financial intelligence startup
 
Fifth Wall
$15M
San Francisco, CA-based marketplace for building accessory dwelling units
 
Goldman Sachs, Prologis Ventures, Shasta Ventures, Vopak Ventures, Sandbox Insurtech Ventures
$50M
Austin, TX-based enterprise data catalog
 
General Catalyst, Warburg Pincus, Town Hall Ventures, NorthPond Ventures, Rethink Impact
$50M
Mooresville, NC-based addiction support startup
 
F-Prime Capital, Eight Roads Ventures, aMoon Fund, lool ventures, Arkin Holdings
$20M
Boston, MA-based startup that uses voice tech to analyze behavioral health sessions
 
BMO, Contour Venture Partners, Halogen Ventures, Cleo Capital, New York Ventures of Empire State Development, Stardust Equity, The Venture Collective, Envestnet, Geingels
$53M
New York, NY-based digital investment platform for women
 
Integrity Growth Partners
$16M
Denver, CO-based provider of incidental findings and screening patient management software
 
NEA
$28.5M
San Francisco, CA-based telehealth company focused on perimenopause and menopause
 
National Football League, Major League Baseball, MLB Players Association, NFL Players Association, the National Hockey League, Blue Pool Capital, the Qatar Investment Authority
$1.5B
Jacksonville, FL-based sports merchandising giant
 
Hamilton Lane, SoftBank, Iconiq, DST Global
$240M
Madison, WI-based shopping rewards app
 
Bain Capital Ventures, NYCA Partners, QED Investors
$65M
New York, NY-based financial infrastructure platform
 
Paradigm, Multicoin Capital, Andreessen Horowitz, Solana Labs, Animoca, Coinbase, Play Ventures, Position Ventures, Zynga founder Mark Pincus, Crossover, Shrug Capital
$35M
New York, NY-based marketplace for gaming NFTs
 
Munich Re Ventures, TriVentures, MS&AD, Orix, Aspect Ventures, Mindset Ventures, At Inc., OurCrowd
$25M
San Francisco, CA-based startup combining fertility financing and care support
 
GIC, JPMorgan, Sequoia Capital, Coatue, Lightspeed Venture Partners, Lead Edge Capital
$240M
New York, NY-based open observability platform
 
Zigg Capital, Blackstone Innovations Investments, Fir Tree Partners
$35M
Nashville, TN-based group travel booking site
 
Lux Capital, Andreessen Horowitz, Lachy Groom, Caffeinated Capital, Founders Fund, Construct Capital, and 137 Ventures
$90M
Los Angeles, CA-based autonomous manufacturing startup focused on aerospace and defense
 
Multicoin Capital, Craft Ventures, Solana Capital, Shine Capital, 75, Sunny Ventures, Spark Capital, Founder Collective, Homebrew
$18M
San Francisco, CA-based decentralized mapping network
 
Janus Henderson Investors, Longitude Capital, Leeds Illuminate, Endeavour Vision, Revelation Partners, Kaiser Permanente Ventures
$115M
Quincy, MA-based nurse staffing platform
 
Velvet Sea Ventures, Parameter Ventures, One Way Ventures, NextView Ventures, Dash Fund
$15M
San Francisco, CA-based employee background check startup
 
Sequoia Capital
$18.5M
San Francisco, CA-based predictive AI SaaS for businesses
 
Valor Equity Partners, Ballie Gifford, Goldcrest Capital, Vlad Tenev
$70M
Palo Alto, CA-based startup that enables stable coin transfers via its bitcoin network
 
Four Rivers, Sorenson Capital, CLEAR Ventures, Wipro Ventures, Sequoia Capital, Intel Capital, Redpoint Ventures, XSeed Capital
$55M
Stanford, CA-based enterprise translation software and services company
 
G Squared, G2 Venture Partners, Xerox Ventures
$800M
Norwalk, CT-based contract management software provider
 
Tiger Global, Craft Ventures, Slow Ventures, Garage Capital, Worklife Ventures
$40M
San Francisco, CA-based business communications startup
 
Insight Partners, GV, Sequoia Capital, Lightspeed Venture Partners
$26M
San Francisco, CA-based revenue orchestration SaaS
 
Index Ventures, Amplify Partners
$24M
Beverly Hills, CA-based database infrastructure startup
 
SoftBank, Accel, Sequoia, Index Ventures, Two Sigma Ventures, General Catalyst, 9Yards, Adams Street, Base Growth
$300M
San Francisco, CA-based distributed workforce management company
 
Eldridge, TTV Capital, Fin VC, the George Kaiser Foundation, eGateway Capital
$82M
Austin, TX-based sales platform aimed at content creators
 
Andreessen Horowitz, LRV Health, Company Ventures
$34M
Austin, TX-based digital food pharmacy
 
Binance, Animoca Brands, Andreessen Horowitz, Dialectic, Paradigm, Accel
$150M
Millwood, NY-based crypto gaming studio
 
Sozo Ventures, USV, RyderVentures, Greycroft, Equal Ventures, Las Olas VC, The Fund
$30M
Miami, FL-based freight trucking dispatch platform
 
Owl Ventures, Lightspeed Venture Partners, NEA, PJC, Sky9 Capital, Diplo
$30M
San Francisco, CA-based no-code mobile app dev platform
 
Spark Capital, Zetta Venture Partners, Pillar VC
$20M
Cambridge, MA-based dental diagnostics startup

The Scherzer Deal Report: March 28-April 1, 2022

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 and Finance IQ.

PE and VC Firms

$1.765B
Fourth fund
 
$50M
Debut fund
 
$110M
Second fund
 
$45M
Debut fund
 
$750M
Third fund

Private Equity Deals

KKR, Global Infrastructure Partners
$15B
Dallas, OH-based data center operator
 
Antin Infrastructure Partners
Undisclosed
Prattsburgh, NY-based broadband provider in New York and Pennsylvania
 
Berkshire Partners, Warburg Pincus
Undisclosed
Cincinnati, OH-based provider of revenue cycle management software
 
The Jordan Co.
Undisclosed
Houston, TX-based flexible packaging maker
 
Thomas H. Lee Partners
Undisclosed
Rosemont, IL-based healthcare data enablement company
 
Amulet Capital Partners
Undisclosed
Columbus, OH-based network of outpatient substance abuse and mental health treatment facilities
 
Goldman Sachs Asset Management
Undisclosed
Chicago, IL-based corporate retirement plan robo-advisor
 
Elliott Management, Brookfield Asset Management
$16B
New York, NY-based global marketing research firm
 
TA Associates
Undisclosed
New York, NY-based in-venue interactive music platform
 
Liberty Strategic Capital
$525M
Dallas, TX-based enterprise security firm

 

Venture Capital Deals

F-Prime Capital, Forerunner Ventures, Greylock
$23M
San Francisco, CA-based telemedicine network
 
m]x[v Capital, Defy VC, Underscore
$25M
New York, NY-based healthcare staffing startup
 
Imaginary Ventures, Left Lane, Good Friends, Interplay, Red Antler
$25M
New York, NY-based no-code ML infrastructure startup
 
NGP Capital, Canaan Partners, Emergent Ventures, BGV Ventures
$29M
Santa Clara, CA-based revenue operations and intelligence platform
 
ACME Capital, Mouse Partners, Bullpen Capital, Triventures, Trousdale Ventures
$50M
San Francisco, CA-based virtual behavioral health startup
 
DigitalBridge Ventures
$60M
Cupertino, CA-based 5G LAN deployment startup
 
CapitalG, GGV Capital, Inspired Capital, Primary Venture Partners, Flybridge Capital Partners, BoxGroup
$100M
New York, NY-based social network for professional women in senior leadership positions
 
Lux Capital, Human Capital
$25M
Lowell, MA-based privacy software startup
 
Nat Turner, D1 Capital Partners, Cohen Private Ventures, and TCG Capital Management
$100M
Santa Ana, CA-based sports card appraiser, and marketplace
 
Sixth Street Partners
$150M
Cambridge, MA-based medical research tools startup
 
Andreessen Horowitz, Eldridge Industries, T. Rowe Price, Whale Rock
$620M
Fort Lee, NJ-based lender to fintech companies
 
USVP, Team8 Capital, Hyperwise Ventures
$27M
Kirkland, WA-based cyber-attack surface management startup
 
USV and Keyframe Capital
$20M
New York, NY-based electricity providerPeak
 
Span Capital, Montreux Growth Partners
$15M
King of Prussia, PA-based patient financial management startup
 
Mainsail Partners
$31M
Overland Park, KS-based provider of management software for flight schools
 
Ocean Zero, Boost VC, Winklevoss Capital
$15.5M
East Greenwich, RI-based electric boat maker
 
Susquehanna Growth Equity, JMI Equity, Khosla Ventures, Randstad Innovation Fund, Recruit Holdings
$50M
Mountain View, CA-based developer skills company
 
Viola Growth
$26M
San Jose, CA-based real estate investing and property management platform
 
Edison Partners
$36M
New York, NY-based used furniture marketplace
 
Premji Invest, Sequoia Capital India, Telstra Ventures, Blume Ventures, Leo Capital
$45M
San Francisco, CA-based test orchestration startup
 
SVP Capital, Salesforce Ventures
$50M
San Francisco, CA-based payments infrastructure startup
 
Founders Fund, General Catalyst, XYZ VC, Fifth Down Capital, Friends & Family Capital
$25M
San Diego, CA-based strategic finance startup
 
SoftBank, Westlake Village BioPartners, Kleiner Perkins
$100M
South San Francisco, CA-based biotech focused on neurodegenerative diseases
 
Menlo Ventures, Tiger Global, Wing VC
$28M
San Mateo, CA-based similarity search platform
 
Radical Ventures
$25M
Palo Alto, CA-based developer of hyperspectral satellites
 
Precept Capital, Mark Cuban, Continental Investment Partners, Astralis Capital, RiverPark Ventures, Anchor Capital
$25M
New York, NY-based ad tech-focused on digital gift cards
 
Insight Partners, Dawn Capital
$35M
Redwood City, CA-based incident automation startup
 
Dell Technologies Capital, GSR Ventures, Liberty Global Ventures, Cathay Innovation, Zetta Venture Partners, Citi Ventures, Firebolt Ventures
$40M
Menlo Park, CA-based enterprise process discovery and monitoring platform
 
Fifth Wall, Wellington Management, Angeleno Group, FootPrint Coalition, Obsidian Investment Partners, A/O PropTech
$90M
San Francisco, CA-based smart electric panel startup
 
Debiopharm, Perceptive Advisors
$25M
Newport Coast, CA-based developer of digital endpoints from wearable sensor data
 
Altos Ventures, Balsam Bay Partners, JPMorgan, GGV Capital
$50M
Eastvale, CA-based online marketplace for Asian groceries

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