Monthly Archives: May 2023

The Scherzer Deal Report: May 22-26, 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.

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Fundraising for PE & VC Funds

$40M
Debut fund
 
$11.5B
14th flagship buyout fund
 
$235M
Pair of new funds
 
$925M
Eighth flagship fund ($650M) and second growth equity fund ($275M)

Private Equity Deals

PSG
Undisclosed
Santa Barbara, CA-based provider of IT service management and enterprise service management software
 
Amulet Capital Partners
Undisclosed
Las Vegas, NV-based clinical site platform
 
TA Associates
Undisclosed
Tallahassee, FL-based provider of revenue cycle management solutions to healthcare providers
 
Fortress Management, Mubadala
Undisclosed
New York, NY-based investment manager
 
Abu Dhabi Investment Authority, Aquiline Capital Partners
Undisclosed
Auburn, AL-based provider of integrated business management software and payments to customers

Venture Capital Deals

Spark Capital, Google, Salesforce Ventures, Sound Ventures, Zoom Ventures
$450M
San Francisco, CA-based AI research firm
 
Vensana Capital
$20M
Marietta, GA-based developer of medical devices for ankle and joint surgeries
 
Capital TEN, VentureTech Alliance, Boardman Bay Capital Management, IAG Capital Partners, Nvidia, Tyche Partners
$25M
Santa Clara, CA-based silicon photonics developer
 
GV, Mantis VC, Common Metal, BDuck Capital, Black Angels Group, Wischoff Ventures, Fuel Capital, Blackbird Ventures, F7 Ventures, Night Capital, Scribble Ventures
$15M
Los Angeles, CA-based automated savings platform for online shopping
 
NewView Capital, Acadia Woods, BAI Capital, NIO Capital, Liberty Street
$32M
Billerica, MA-based software-defined car chassis company
 
Energy Innovation Capital, LG Technology Ventures, Evergy Ventures, Riverstone, Skyview Ventures, Clean Energy Ventures, Avista Development
$27M
Falls Church, VA-based home decarbonization startup
 
Noro-Moseley Partners, Grotech Ventures, Topmark Partners, Staley Capital
$16M
Tysons, a VA-based provider of data analytics for physical retailers
 
Georgian Partners, 8vc, Human Capital, Hanover, Sequoia Capital, Index Ventures, Amplify Partners, Slow Ventures
$33M
San Francisco, CA-based data orchestration platform
 
Matrix Capital Management, Woodline, Lee Family Office (Asia), Novo Nordisk, The Invus Group, Emerson Collective, SoftBank, Fidelity, MPM Capital, F2 Ventures, Redmile Group, EcoR1 Capital, Samsara BioCapital, Surveyor Capital, EDBI, Vertex Ventures, Itochu
$401M
Waltham, MA-based developer of cell and gene therapies
 
Avenir, Anthos Capital
$46M
Austin, TX-based provider of payment processing and digital ledger infrastructure
 
Parkway VC, Aliya Capital, Bold Ventures, Tamarack Global, FJ Labs, Till Reuter
$70M
Sunnyvale, CA-based developer of humanoid robots
 
NEA, AI Fund
$15M
San Francisco, CA-based computer science learning and teaching platform
 
Emergence Capital, ServiceNow Ventures, Salesforce Ventures
$16M
Highland Park, IL-based commerce logic engine
 
Insight Partners, ConnectOne Bank, PeoplesBank, The Banc Funds Company, Mendon Venture Partners
$70M
Jacksonville, FL-based provider of digital transformation solutions for banks
 
USV, Equal Ventures, Twelve Below, Transition, Equator, MCJ Collective, Abstract Ventures, Founder Collective, Climate Capital
$15M
Boulder, CO-based software platform for distributed energy in emerging markets
 
Surveyor Capital, Deep Track Capital, Acorn Bioventures, Cormorant Asset Management, Perceptive Advisors, Samsara BioCapital, BlackRock
$54M
Boulder, CO-based precision oncology startup
 
Bank of America, Pivot Investment Partners, ING Ventures, CME Ventures, CTC Venture Capital, SC Ventures, Tribeca Early Stage Partners
$35M
New York, NY-based enterprise OS
 
Blockchain Capital, Bain Capital Crypto, a16z crypto, Distributed Global
$115M
San Francisco, CA-based lead developer of Worldcoin

May 31st, 2023|Scherzer Deal Report|

The Scherzer Deal Report: May 15-20, 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

$320M
Fourth fund
 
$225M
Debut fund
 
$1.3B
Second continutation fund
 
$200M
Fifth fund
 
$52M
Debut fund
 
$500M+
First climate-focused private equity fund
 
$705M
Third fund
 
$20M
Third company creation studio
 
Plymouth Growth
$125M
Fifth fund

Private Equity Deals

TPG
$2.7B
New York, NY-based credit and real estate investment firm
 
Centerbridge Partners
Undisclosed
Frisco, TX-based visibility and governance software provider
 
Bregal Sagemount
Undisclosed
Irvine, CA-based provider of digital asset management software
 
Bruin Capital
Undisclosed
Atlanta, GA-based catering, food service, and events company
 
Silver Lake
Undisclosed
Honolulu, HI-based provider of bundled HR services
 
Amwins, Flexpoint Ford, Ares Management
$250M
Jersey City, NJ-based underwriter of catastrophe-exposed property insurance
 
Castlelake, Eltura Capital Management
Undisclosed
San Mateo, CA-based consumer installment loans

Venture Capital Deals

General Catalyst, Bling Capital, Max Ventures, Homebrew
$17.3M
New York, NY-based healthcare revenue intelligence and automation platform
 
Piva Capital, Unless, Flybridge Capital, MassMutual Catalyst Fund, Footprint Coalition, Congruent Ventures, Riot Ventures
$26M
Burlington, MA-based aluminum printing startup
 
Celesta Capital and Mayfield
$81M
Campbell, CA-based web3 infrastructure startup
 
Porsche, Qualcomm Ventures, VentureTech Alliance
$64M
San Jose, CA-based maker of automotive Ethernet chips
 
DFJ Growth, Foundry Group, Revolution Growth, True Ventures
$20M
Seattle, WA-based maker of 3D laser printers
 
BoltRock Holdings, Centaurus Capital
$225M
Woburn, MA-based water and wastewater treatment company
 
General Catalyst and Andreessen Horowitz
$50M
California, BD-based developer of a large language model for healthcare
 
Applied Materials
$40M
Bethlehem, PA-based developer of next-generation silicon power devices
 
TCV
$60M
San Francisco, CA-based jobs marketplace
 
2150, the Schmidt Family Foundation, the Partnership Fund for NYC
$30M
Brooklyn, NY-based heating efficiency startup focused on older urban buildings.
 
SemperVirens, HC9 Ventures
$15M
New York, NY-based healthcare transition management platform
 
Dimension, Founders Fund, Kleiner Perkins, Eric Schmidt, Elad Gil, Garry Tan, and Fred Ehrsam
$40M
San Francisco, CA-based longevity pharma startup
 
NGP and Aventurine Partners
$75M
San Marcos, TX-based maker of neodymium sustainable rare earth magnets
 
Battery Ventures, Brick and Mortar VC, Divco West
$25.5M
Chicago, IL-based embedded insurance startup
 
White Star Capital, B Capital Group, Susquehanna Private Equity Investments, BDMI, Forte Ventures, Vectr Fintech
$29.7M
New York, NY-based credit marketplace
 
True Ventures, Pangaea Ventures, Prosus Ventures, Solasta Ventures, Top Tier Capital
$30M
Berkeley, CA-based maker of plant-based meats
 
Novo Holdings, Deerfield Management, Norwest Venture Partners, Platanus, MRL Ventures Fund, 4BIO Capital
$100M
San Francisco, CA-based optogenetics company
 
KKR, L Catterton, Iconiq Growth, Bessemer Venture Partners
$135M
Irvine, CA-based provider of restaurant management software
 
Kingsway Capital, Peter Thiel
$35M
San Francisco, CA-based Bitcoin financial services company
 
Salesforce Ventures, Lightspeed Venture Partners, Norwest Venture Partners, Kickstart Fund, Album
$50M
Salt Lake City, UT-based provider of sales commission software
 
Accel and Madrona
$17.5M
Seattle, WA-based supply chain security startup
 
Lux Capital
$20M
Menlo Park, CA-based provider of open-source generative AI models
 
NEA and Nava Ventures
$19.1M
Bellevue, WA-based data workflow automation startup
 
Y Combinator, CRV, Tiger Global
$100M
San Francisco, CA-based B2B procurement fintech

May 24th, 2023|Scherzer Deal Report|

The Scherzer Deal Report: May 8-13, 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

$30M
Second incubator fund
 
$25M
Debut fund
 
$955M
17th flagship VC fund ($580) and second follow-on fund ($375)
 
$1B
Continuation fund

Private Equity Deals

AlbaCore Capital
Undisclosed
Austin, TX-based provider of value-based health care
 
Advent International, Warburg Pincus
$4.25B
Deerfield, IL-based pharma contract manufacturing business
 
Varsity Healthcare Partners
Undisclosed
Evanston, IL-based biopharma consultancy
 
Serent Capital
Undisclosed
Bath, MI-based provider of ERP software for U.S. municipalities
 
Argonaut Private Equity
Undisclosed
Berlin, PA-based provider of drilling tools and rigs serving the construction, mining, utility, and energy industries
 
KKR
Undisclosed
New Castle, DE-based maker of testing and measurement instruments
 
Five Arrows
Undisclosed
Huron, OH-based provider of special education software
 
Vista Equity Partners
Undisclosed
Milpitas, CA-based provider of supply chain mapping, disruption sensing, and resiliency analytics
 
Nexa Equity
Undisclosed
Overland Park, KS-based provider of retail automation software for independent grocers
 
Yellow Wood Partners
Undisclosed
Englewood Cliffs, NJ-based beauty and personal care brand
 
Elliott Investment Management, Patient Square Capital, Veritas Capital
$7.1B
Morrisville, NC-based biopharma contract research organization
 
Court Square Capital
Undisclosed
Phoenix, AZ-based pediatric home care company
 
Braemont Capital
Undisclosed
Scottsdale, AZ-based provider of facilities maintenance services

Venture Capital Deals

Koch Disruptive Technologies
$40M
Austin, TX-based provider of supply chain management tools for online retailers
 
Transformation Capital, Oxford Finance
$80M
San Francisco, CA-based health benefits navigation startup
 
Firstime Ventures
$22M
Livonia, MI-based digital diabetes therapeutics company
 
MUFG
$40M
New York, NY-based provider of large debt facilities and equity deployment solutions
 
NextEra Energy, Miura, National Grid Partners
$32.8M
Bothell, WA-based developer of on-site hydrogen machines
 
Valar Ventures, Story Ventures, Core Innovation Capital, RiverPark Ventures, Synchrony, Samsung Next
$35M
Atlanta, GA-based consumer credit card startup
 
Hanaco VC, GM Ventures, CarMax, W.R. Berkley, F.I.T. Ventures
$100M
Teaneck, NJ-based developer of automated vehicle inspection systems
 
Hearst, Eldridge, Citi Impact Fund, Cercano Management, Stardust Equity, ReThink Impact
$25M
New York, NY-based digital concierge for caregivers   

May 17th, 2023|Scherzer Deal Report|

The Scherzer Deal Report: May 1-5, 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

Hildred Capital Management
Undisclosed
Phoenix, AZ-based provider of infusion and specialty pharmacy services
 
New Mountain Capital
Undisclosed
San Mateo, CA-based provider of health care AI solutions
 
Apollo Global Management
$5.2B
Pittsburgh, PA-based aluminum parts maker
 
Mubadala
$500M
Charlotte, NC-based incumbent local exchange carrier (ILEC)
 
Clearview Capital
Undisclosed
Austin, TX-based provider of outsourced legal and compliance services
 
True Green Capital Management
Undisclosed
Washington, DC-based company that helps consumers and businesses switch to renewables
 
Audax Private Equity
Undisclosed
Boston, MA-based RIA for high-net-worth clients
 
L Catterton
Undisclosed
Austin, TX-based cosmetics brand
 
Leonard Green & Partners
Undisclosed
Chicago, IL-based insurance broker
 
BPEA EQT
$1.25B
Bradenton, FL-based student-athlete development program
 
Advent International and BCI
Undisclosed
Westminster, CO-based satellite firm
 
Amulet Capital Partners
Undisclosed
New York, NY-based health care agency and commercialization platform
 
Sterling Investment Partners
Undisclosed
Miami, FL-based distributor of produce and dairy products
 
Unity Partners
Undisclosed
Chicago, IL-based provider of tax, accounting, and advisory services
 
First Reserve
Undisclosed
Boynton Beach, FL-based provider of fuels, lubricants, and chemicals
 
Argosy Private Equity
Undisclosed
Grand Rapids, MI-based maker of composite panels, plywood, drawers, and dry-erase boards
 
Crestview Partners
Undisclosed
Hollywood, CA-based talent agency

Private Equity Deals

New Mountain Capital, FFL Partners, WestView Capital Partners
Undisclosed
Andover, MA-based specialty staffing firm
 
Argosy Private Equity
Undisclosed
Grand Rapids, MI-based original equipment supplier to mirror head manufacturers
 
Great Hill Partners
Undisclosed
Chicago, IL-based provider of IT risk and incident management software
 
Red Arts Capital
Undisclosed
Elwood, IL-based provider of warehousing and rail transloading services
 
Bertram Capital
Undisclosed
Buffalo, NY-based provider and installer of residential vinyl fencing and decking
 
Berkshire Partners
Undisclosed
Houston, TX-based provider of onsite first aid, fire, and life safety services
 
General Atlantic
Undisclosed
Concord, MA-based provider of event management software and payment solutions for the hospitality industry
 
L Catterton
Undisclosed
Colorado Springs, CO-based restaurant concept

Venture Capital Deals

Viola Ventures, Viola Credit, Roc Nation, Untitled, Presight Capital
$32M
New York, NY-based music financing startup focused on independent artists
 
Ten Cove Capital, Commerce Ventures, CT Innovations, Vertical Venture Partners, Healthy Ventures, Fairview Capital
$22.5M
New Haven, CT-based patient billing communications platform
 
FCA Venture Partners, MAP Investco, Define Ventures, Link Ventures, Redesign Health
$15M
New York, NY-based women’s health and wellness brand
 
Pioneer Healthcare Partners, Kapor Center, Partnership Fund for NYC
$15M
Brooklyn, NY-based developer of tech for colorizing disinfectants
 
Siris Capital Group
$100M
Richardson, TX-based provider of cloud-native software apps for mobile networks
 
Wave Equity Partners
$30M
Hollywood FL-based developer of a water-ethanol fuel
 
RRE Ventures, Coelius Capital, Hack VC, Riot Ventures, Uncorrelated Ventures
$15M
Oakland, CA-based AP automation startup
 
M13, Founders Fund, TQ Ventures, Abstract Ventures
$16M
New York, NY-based e-commerce infrastructure startup
 
Linse Capital, CPP Investments, Honeywell, CBRE
$264M
Denver, CO-based energy efficiency-as-a-service startup
 
Sapphire Ventures, Norwest Ventures, Tola Capital, Salesforce Ventures
$70M
Redwood City, CA-based employee experience platform
 
Education Growth Partners
$30M
Boston, MA-based provider of mental health and wellness solutions for college students

May 10th, 2023|Scherzer Deal Report|

The Scherzer Deal Report: April 24-28, 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

$1.5B
Private credit fund
 
$12.6B
11th flagship private equity fund
 
$981M
Seventh flagship VC fund ($549M) and fourth growth fund ($432M)
 
$180M
Fifth fund
 
$850M
Second fund

Private Equity Deals

New Mountain Capital, FFL Partners, WestView Capital Partners
Undisclosed
Andover, MA-based specialty staffing firm
 
Argosy Private Equity
Undisclosed
Grand Rapids, MI-based original equipment supplier to mirror head manufacturers
 
Great Hill Partners
Undisclosed
Chicago, IL-based provider of IT risk and incident management software
 
Red Arts Capital
Undisclosed
Elwood, IL-based provider of warehousing and rail transloading services
 
Bertram Capital
Undisclosed
Buffalo, NY-based provider and installer of residential vinyl fencing and decking
 
Berkshire Partners
Undisclosed
Houston, TX-based provider of onsite first aid, fire, and life safety services
 
General Atlantic
Undisclosed
Concord, MA-based provider of event management software and payment solutions for the hospitality industry
 
L Catterton
Undisclosed
Colorado Springs, CO-based restaurant concept

Venture Capital Deals

Lowercarbon Capital, Founders Fund, Toyota Ventures
$40M
Seattle, WA-based nuclear fusion startup
 
Polychain Capital, Hack VC, Shima Capital, Robot Ventures, Goldentree Asset Management
$42M
Cosmos, MN-based decentralized finance-focused layer one blockchain
 
Morgan Stanley’s Next Level Fund, HubSpot, Pier 70 Ventures, Verizon Ventures, GSW Ventures, Backstage Capital, Wocstar Fund, Salesforce Ventures
$25M
Los Angeles, CA-based provider of an SMS engagement platform
 
Kinnevik, Henry Kravis, FPV, True Ventures, Dimension, Wireframe
$51M
Boulder, CO-based drug discovery startup that leverages plant chemistry
 
ArixBioscience, EQT Life Sciences, SymBiosis, Amplitude Ventures, Pivotal bioVenture Partners, Andera Partners
$50M
Palo Alto, CA-based biotech focused on inflammatory diseases
 
Mark Cuban, Paris Hilton, Tim Connors, Zeke Bronfman, Evan Abraham, Redbeard Ventures, David DeVoe
$25M
San Francisco, CA-based interactive entertainment app
 
Foresite Capital, Civilization Ventures, Bluebird Ventures, Pear Ventures, Agent Capital, Stanford University, The University of Colorado Healthcare Innovation Fund
$59M
Aurora, a CO-based developer of cancer detection tests
 
Statkraft Ventures, Blue Bear Capital, Hartree Partners, OTB Ventures, Freeflow Ventures, Cultivation Capital, Techstars, Santa Barbara Venture Partners, Expon Capital, Hemisphere Ventures
$20M
Washington, DC-based developer of Earth observation satellites
 
Turning Rock Partners, Micota Capital, OY6 Capital
$108M
Charlotte, NC-based medical equipment manufacturer
 
TPG Rise Climate, Hanover Technology Investment Management, Energy Transition Ventures, Fenice Investment Group
$250M
Incline Village, NV-based green hydrogen company
 
Arch Venture Partners, Andreessen Horowitz, Newpath Partners, Abu Dhabi Growth Fund, Redmile Group, Exor, Invus, Moore Strategic Ventures, iGlobe Platinum Fund Group, Casdin Capital, Agent Capital, Alexandria Venture Investments, Rellim Capital Management, Heritage Medical Systems
$270M
Cambridge, MA-based developer of RNA medicines
 
Illumina Ventures, Omnimed Capital, AMR Action Fund, Daleshaw Ltd.
$28.7M
Austin, TX-based provider of rapid diagnosis and antibiotic susceptibility testing for bacterial infections
 
Andreessen Horowitz, Iconiq Growth, Menlo Ventures, Wing VC
$100M
San Mateo, CA-based vector database company
 
Andreessen Horowitz, Khosla Ventures, Coatue
$97.4M
San Francisco, CA-based online integrated development environment
 
Wellington Management, Qualcomm Ventures, Congruent Ventures, Capricorn Investment Group, Munich Re Ventures, Fifth Wall, A/O PropTech, Qualcomm Ventures, Amazon’s Alexa Fund
$96M
San Francisco, CA-based home electrification startup
 
Inovia Capital, Harley Finkelstein, Deb Liu, Allen Shim, Josh Proctor, Chris Best, Neha Narkhede, Mike Lee, Hyphen Capital, EDC, Plaza Ventures
$60M
San Francisco, CA-based commerce savings app
 
Dementia Discovery Fund, MRL Ventures, Sanofi Ventures, SV Health Investors, Eli Lilly, Alzheimer’s Drug Discovery Foundation, Dolby Family Ventures, the Foundation for a Better World
$39M
South San Francisco, CA-based developer of therapies to treat inflammatory neurodegenerative and retinal disease
 
Polychain Capital, Hyperchain Capital, Magnus Capital
$17M
Williamsburg, VA-based DeFi trading startup
 
BlackRock, Space Capital
$100M
Berthoud, CO-based rocket engine maker
 
Safar Partners, Yamaha Motor Ventures
$29M
Cambridge, MA-based provider of robotic awareness systems

May 3rd, 2023|Scherzer Deal Report|
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