Monthly Archives: April 2023

The Scherzer Deal Report: April 17-21, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

$384M
Continuation fund
 
$230M
Third transportation-focused VC fund
 
$100M
Debut fund
 
$300M+
Latest fund
 
$460M
Third flagship fund and first opportunities fund
 
$2.2B
Second dislocation fund
 
$790M
Fourth private equity co-investment fund
 
$17B
Fifth flagship fund
 
$1B+
Debut fund
 
$445M
Fourth fund
 
$215M
Fourth fund
 
$78M
Debut fund
 
$476M
Second biomedical VC fund

Private Equity Deals

7RIDGE
Undisclosed
Chicago, IL-based electronic exchange for direct lending and borrowing
 
Apollo Global Management
$500M
Boston, MA-based education tech company
 
Blue Sage Capital
Undisclosed
Malibu, CA-based provider of capital solutions to debt settlement companies
 
TPG, Amerisource Bergin One
$2.1B
Nashville, TN-based oncology practice network
 
TruArc Partners
Undisclosed
Riverside, CA-based formulator and manufacturer of beauty and personal care products
 
Gryphon Investors
Undisclosed

Venture Capital Deals

Walden Catalyst Ventures, Applied Ventures, Cambium Capital, Mesh Cooperative Ventures and insiders Intel Capital, Lockheed Martin Ventures
$30M
Albuquerque, NM-based maker of glass-ceramics radiofrequency components
 
Amplitude Ventures, Versant Ventures, venBio Partners, adMare BioInnovations, Viking Global Investors, Qiming Venture Partners USA, RTW Investments, AbCellera, Northview Ventures
$142M
Menlo Park, CA-based developer of radiopharmaceuticals for treating cancer
 
Munich Re Ventures
$15.6M
Mountain View, CA-based provider of commercial insurance industry software
 
Magnetar Capital, Nvidia, Nat Friedman, Daniel Gross
$221M
Roseland, NJ-based cloud computing platform
 
Deerfield Management, Optum Ventures, RA Capital, Echo Health Ventures, Longitude Capital, .406 Ventures, Questa Capital, Ajax Health, Aperture Venture Partners, the Autism Impact Fund
$75M
San Diego, CA-based autism care provider
 
Acrew Capital, U.S. Innovative Technology Fund, True Ventures, Amity Ventures
$45M
San Francisco, CA-based distributed database startup
 
Deerfield Management, Arsenal Capital Partners, Blue Ox Healthcare Partners, Domain Ventures, Labcorp
$24M
San Diego, CA-based diagnostics startup
 
BDT Capital Partners, Brown Advisors, RedBird Capital Partners, Tru Arrow Partners, Sound Ventures
$290M
Columbia, MO-based equipment and digital solutions provider to the construction market
 
SYN Ventures, Corner Ventures, Dell Technologies Capital
$44M
Austin, TX-based ransomware protection startup
 
Sapphire Ventures, JMI Equity, Forgepoint Capital
$60M
Ellicott City, MD-based managed security platforms for SMBs
 
Bitkraft Ventures, Delphi Digital, The Operating Group, Alpha Wave Global, Hashkey, Lattice, M13, Santiago Santos, RooxieXBT
$18M
New York, NY-based martial arts sports league
 
NEA, Andreessen Horowitz, Bessemer Venture Partners, Caffeinated Capital, Onset Capital
$15M
Louisville, KY-based home-swapping network
 
Point72 Ventures, Citi Ventures, Khosla Ventures, Madrona Venture Group, Wilson Sonsini
$20M
Seattle, WA-based contract management and operations workflow platform
 
SoftBank, Prosperity7 Ventures, Tiger Global, Hillhouse, Sequoia China, Shangbay Capital, Uphonest Capital, Sunmed Capital, Lyfe Capital, 1955 Capital, AME Cloud Ventures
$150M
San Carlos, CA-based medical robotics developer
 
B Capital, GGV Capital, Tiger Global, Amex Ventures, KSV Global, FJ Labs
$53M
New York, NY-based provider of operations software for independent coffee shops and cafes
 
Prime Movers Lab, Future Ventures, Energy Impact Partners, Jazz Venture Partners, Playground Global
$20M
Palo Alto, CA-based robot cognition platform
 
Lightspeed Venture Partners, Felicis Ventures, Redpoint Ventures, Sequoia Capital
$53M
San Francisco, CA-based code security startup
 
Decibel
$25M
Seattle, WA-based provider of sci-fi, stealth ops game of hidden movement
 
Camber Partners
$20M
Norwalk, CT-based e-commerce sales tax compliance platform
 
L Catterton, Cobalt, Dragoneer, Kindred Ventures, THVC
$130M
San Francisco, CA-based connected weight training startup
 
Stepstone Group, Aleph, Third Point Ventures, Greycroft
$15M
New York, NY-based provider of corporate accounting software
 
Valor Equity Partners, NYDIG, Trammell Venture Partners, Ecliptic Capital, Highland Capital Partners
$60M
Austin, TX-based provider of financial services for Bitcoin holders

April 26th, 2023|Scherzer Deal Report|

The Scherzer Deal Report: April 10-14, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

$680M
Inaugural innovation real estate fund
 
$30.4B
Tenth real estate private equity fund
 
$1.2B
Fifth Flagship fund ($720M) and growth stage fund ($510M)
 
$200M
Third fund
 
$1.15B
Eighth flagship fund
 
$100M
Second MM Catalyst Fund
 
$62M
Debut fund
 
$20M
Debut fund
 
$2.4B
Fifth private equity co-investment fund
 
$1.4B
Fourth flagship fund

Private Equity Deals

Cinven
Undisclosed
Overland Park, KS-based provider of integrated risk management solutions
 
Blue Point Capital Partners
Undisclosed
Minneapolis, MN-based reading glasses provider
 
KKR
Undisclosed
New York, NY-based PR, and financial communications firm
 
Bain Capital Tech Opportunities
Undisclosed
Chicago, IL-based knowledge work platform
 
Benford Capital Partners
Undisclosed
Waukesha, WI-based maker of bagel chips and other snacks
 
Sound Partners
Undisclosed
Los Angeles, CA-based HVAC Service
 
Quinbrook Infrastructure Partners
Undisclosed
Windham, NH-based food-waste-to-fuels producer
 
Investcorp
Undisclosed
Farmers Branch, TX-based HVAC equipment distributor
 
H.I.G. Infrastructure
Undisclosed
Raleigh, NC-based provider of engineering and other services for telecom infrastructure

Venture Capital Deals

Sixth Street Growth, F-Prime Capital, Jackson Square Ventures, Eniac Ventures1up
$40M
Boston, MA-based healthcare data platform
 
CapitalG
$100M
New York, NY-based market intelligence and search platform
 
Insight Partners
$112M
Culver City, CA-based custodian and software provider to the investment adviser industry
 
Andera Partners, Cormorant Asset Management, Taglich Brothers, Squarepoint Capital, Richmond Brothers
$48.5M
San Ramon, CA-based developer of a treatment for ischemic heart failure
 
Sozo Ventures, Anthos Capital, Fuse Venture Capital, Ignition Partners, Liquid 2, Voyager Capital
$30M
Seattle, WA-based developer of weeding robots
 
Prysm Capital
$270M
New York, NY-based capital markets infrastructure startup
 
Snowflake, Coatue, Sequoia Capital
$62.9M
New York, NY-based data-as-a-service startup
 
Anthemis, Fin Capital, Norwest Venture Partners, Greycroft, Bowery Capital, Firebolt Ventures
$28M
Denver, CO-based consumer benefits administration startup
 
Oval Park Capital, Fifth Wall, Blitzscaling Ventures, Overlay Capital, Veriten
$18.4M
Atlanta, GA-based distributed hydropower startup
 
GM Ventures
$50M
Austin, TX-based lithium extraction startup
 
Crestline Investors, RET Ventures, Essex Property Trust, UDR
$59M
Tysons Corner, VA-based broadband provider
 
Blackstone, Juxtapose
$200M
New York, NY-based digital commerce brand acquisition and investment platform
 
Flybridge Capital, IBM, Salesforce Ventures, GGV Capital, Mango Capital, Two Sigma Ventures, the Founder Collective, Entrée Capital, Raj Dutt
$20M
New York, NY-based open source spinout from IBM-owned NS1
 
Koch Disruptive Technologies, Bessemer Venture Partners, Flare Capital Partners, Frist Cressey Ventures, CVS Health Ventures, Takeda Digital Ventures
$30M
New York, NY-based virtual gastrointestinal care
 
Arch Venture Partners, Flippen Group, GPG Ventures, 4D Capital
$47M
Richardson, TX-based digital holistic health platform
 
Dragoneer
$65M
Durham, NC-based athlete engagement platform for collegiate and pro teams
 
Peak6 Strategic Capital, F-Prime Capital, KF Business Ventures
$24.6M
Charlotte, NC-based retail brokerage for active traders
 
Decheng Capital
$64M
Philadelphia, PA-based viral vector contract manufacturing organization

April 19th, 2023|Scherzer Deal Report|

The Scherzer Deal Report: April 3-7, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

$850M
13th flagship VC fund
 
$350M
Debut fund
 
$100M
Debut fund
 
$8B
Sixth European private equity fund
 
$110M
Debut fund
 
$328M
17th private equity fund-of-funds
 
$300M
Debut fund

Private Equity Deals

Mill Rock Capital
Undisclosed
Asbury, NJ-based maker of carbon additive solutions
 
Blue Point Capital Partners
Undisclosed
Vernon Hills, IL-based maker of eyewear frames
 
Arkview Capital
Undisclosed
New York, NY-based parking operator
 
Marlin Equity Partners
Undisclosed
Chicago, IL-based provider of occupational and employee health software
 
Inverness Graham
Undisclosed
St. Paul, MN-based provider of single-use surgical and instrument protection products
 
Sky Island Capital
Undisclosed
Ellsworth, WI-based maker of breaded cheese curds
 
Crestview Partners
$200M
Monterey, CA-based registered investment advisors
 
Bridge Investment Group
$320M
Stamford, CT-based private equity secondaries firm
 
Ethos Capital
Undisclosed
Manchester, NH-based collaboration platform for architectural, engineering, and construction
 
Mill Point Capital
Undisclosed
Kissimmee, FL-based recycler and manufacturer of horticulture containers and trays
 
Parthenon Capital
Undisclosed
Las Vegas, NV-based gaming payment solution provider
 
Great Range Capital
Undisclosed
Milwaukee, WI-based commercial roofing contractor
 
Platinum Equity
Undisclosed
Dunnville, KY-based farm and ranch equipment business

Venture Capital Deals

Radical Ventures, Index Ventures, CPPIB, Amplify Partners, Gates Frontier Holdings, AIX Ventures, Northgate Capital
$75M
Emeryville, CA-based maker of picking robots
 
SoftBank
$100M
Boston, MA-based endpoint detection and cybersecurity software company
 
Morgan Stanley Investment Management, StepStone Group, Columbia Capital
$50M
San Marcos, CA-based supply chain management company
 
Bain Capital Life Sciences, Janus Henderson, Baillie Gifford, Capricorn Investment Group, Hayfin Capital Management, HealthCor, Martis Capital, USVP, Wellington Management
$215M
Mountain View, CA-based cardiac diagnostic platform
 
Headline, Insight Partners, Scale Venture Partners
$50M
San Francisco, CA-based observability market platform
 
Novalis LifeSciences, Sozo Ventures, Hatteras Venture Partners, iSelect Fund, American Cancer Society BrightEdge, Broadway Angels
$41M
Natick, MA-based developer of liquid biopsies for early cancer detection
 
NEA, Khosla Ventures, Dolby Family Ventures, Liberty Global Ventures, Fusion Fund, Drew Perkins, Open Field Capital, Edge
$22.4M
Saratoga, CA-based developer of micro-LED display tech
 
Parkway VC, Intel Capital
$23M
Atlanta, GA-based X-ray tech startup
 
TenOneTen Ventures, Rembrandt Venture Partners, Hawke Ventures, DragonX Capital, FJ Labs
$34M
New York, NY-based provider of e-commerce tools
 
Eclipse, Riot Ventures, Champion Hill Ventures, Space.VC, Narya
$17M
Colorado Springs, CO-based space security startup
 
Forage Capital Partners, Mountain Group Partners, Grosvenor Food & Ag Tech, Open Prairie, Fulcrum Global Capital, Serra Ventures, KC Rise
$20M
Lenexa, KS-based precision livestock startup
 
SignalFire, Evolent Health CEO Frank Williams, Social Entrepreneurs’ Fund, CD Venture, Yabeo, Partnership Fund for NYC
$20M
Los Angeles, CA-based behavioral economics and wellness company

April 12th, 2023|Scherzer Deal Report|

The Scherzer Deal Report: March 27-31, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

$5.3B
Seventh flagship fund
 
$210M
Founders fund
 
$25M
Debut fund
 
$100M
Debut fund
 
$570M
Seventh fund
 
$4.5B+
Seventh flagship PE fund
 
$305M
Debut fund
 
$600M
Second independent fund
 
$200M
Latest fund

Private Equity Deals

Recognize
Undisclosed
Berwyn, PA-based provider of B2B marketing-as-a-service solutions
 
Garnett Station Partners
Undisclosed
Charlotte, NC-based restaurant chain
 
EQT Infrastructure
Undisclosed
Alpharetta, GA-based provider of yard management and facility logistics services 
 
SAI MedPartners
Undisclosed
Reading, PA-based market intelligence firm for the biotech and pharma industries
 
Graycliff Partners
Undisclosed
Davenport, IA-based distributor of HVAC and electrical equipment
 
Trinity Hunt Partners
Undisclosed
Southborough, MA-based provider of commercial landscaping services
 
Riveter Capital
Undisclosed
Dallas, TX-based provider of school meals to children
 
Kohlberg & Co.
Undisclosed
Atlanta, GA-based provider of gastrointestinal services
 
AUA Private Equity Partners
Undisclosed
Galesburg, IL-based maker of premium meat snacks

Venture Capital Deals

Softbank
$375M
Bedford, MA-based e-commerce robots maker
 
JMI Equity
$90M
New York, NY-based academic operations platform for higher education
 
Blockchain Capital, Coinbase Ventures, Polychain Capital, Hack VC, Electric Capital
$50M
Seattle, WA-based ethereum restaking protocol
 
Redpoint Ventures, Madrona Venture Group, Zetta Venture Partners, SignalFire, Bloomberg Beta, Kearny Jackson
$17M
Seattle, WA-based automation platform for large language models used by enterprises
 
Two Bear Capital, Sequoia Capital, Atlantic Bridge, Harpoon Venture Capital Partners
$62M
San Jose, CA-based edge services startup
 
Cathay Innovation, La Maison, Top Harvest Capital, Obvious Ventures
$20M
Guilford, CT-based clinical trials marketplace
 
Biospring Partners, Senator Investment Group, B Capital Group, Glasswing Ventures
20M
Boston, MA-based online marketplace for life science supplies
 
Rockefeller Asset Management, Uncorrelated Ventures, Partnership Fund for New York City
$22M
New York, NY-based compliance-focused employee chat monitoring startup
 
Menlo Ventures, Greylock
$19.1M
San Francisco, CA-based billing automation startup
 
Portage
$40M
Houston, TX-based mobile commerce and payments provider
 
NEA, Databricks Ventures, Elad Gil, Bob Muglia (former CEO of Snowflake), Paul Buchheit
$25.6M
San Francisco, CA-based answer app
 
Companion Fund, Left Lane Capital, Valor Capital, 301 INC
$19M
New York, NY-based DTC fresh cat food brand
 
Team8, Euclidean Capital, Intuition Fund, Communitas Capital, Phoenix, Nidoco AB
$28M
New York, NY-based impact-as-a-service platform for financial institutions
 
Acrew Capital, ATX Venture Partners, Trust Ventures, Dream Ventures, Interplay, Accomplice, Vera Equity, FJ Labs, Fiat Ventures, Gaingels, Kelmhurst, Oyster Funds, Hilltop Ventures, Permit Ventures, Kindergarten Ventures, J2 Capital, Socially Financed, Kapital Ventures
$15M
Austin, TX-based bill pay tool
 
Breakthrough Energy Ventures, TDK Ventures, Doral Energy Tech Ventures
$29M
Madison, WI-based nuclear fusion developer
 
LG Technology Ventures led, and was joined by Safar Partners, UOB Venture Management, and existing investors Alpha JWC and LDV Partners
$28.8M
Weston, MA-based provider of autonomous logistics for supply chain and industrial hubs

April 5th, 2023|Scherzer Deal Report|
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