Monthly Archives: June 2023

The Scherzer Deal Report: June 19-23, 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

Boost Capital Partners
$35M
Debut fund

Dropbox
$50M
AI-focused venture fund

GrowthCurve Capital
$1.4B
Debut fund

Stone-Goff Partners
$175M
Fourth fund

Private Equity Deals

Flexpoint Ford
Baker Hill
Undisclosed
Carmel Hill, IN-based provider of loan origination and risk management software

Lone Star Funds
CentroMotion
Undisclosed
Waukesha, WI-based maker of precision motion control and engineered systems for the industrial and transport markets

Arbor Investments
Golden Malted and Heartland Waffles
Undisclosed
South Bend, IN- and Westwood, KS-based providers of waffle irons and waffle mix to the hospitality and foodservice industries

Brand Velocity Group
Jaya Apparel Group
Undisclosed
Vernon, CA-based owner of the Cinq à Sept and Likely brands

Arctos Sports Partners and Harris Blitzer Sports & Entertainment
Joe Gibbs Racing
Undisclosed
Charlotte, NC-based leader in NASCAR racing

Vistria Group
MGT
Undisclosed
Tampa, FL-based social impact and performance improvement consultancy

Bernhard Capital Partners
Optimum Energy
Undisclosed
Seattle, WA-based provider of HVAC optimization solutions

Blackstone
Invenergy
$1B
Chicago, IL-based renewable energy developer

Levine Leichtman Capital Partners
SEV
Undisclosed
Burbank, CA-based med spa operator

Harvest Partners
Sparq
Undisclosed
Atlanta, GA-based provider of outsourced digital engineering solutions

Topspin Consumer Partners
Three Dog Bakery
Undisclosed
Kansas City, MO-based humanized dog treat maker

Kelso & Co.
Valenz Health
Undisclosed
Phoenix, AZ-based medical cost containment firm

Venture Capital Deals

Barings
Accelerant
$150M
Atlanta, GA-based insurance risk exchange

8VC, Sherpalo Ventures, Guillermo Rauch
Acryl Data
$21M
Mountain View, CA-based enterprise data catalog platform

Lightspeed Venture Partners, Venrock, OMERS Growth Equity, Fidelity, Avidity Partners
Aledade
$260M
Bethesda, MD-based network of primary care practices

Andreessen Horowitz, Shield Capital
Apex Space
$16M
City, CA-based satellite bus manufacturer

Frazier Life Sciences, venBio, Illumina Ventures
Attovia Therapeutics
$60M
Fremont, CA-based biotech focused on immune-mediated disease and cancer

Kleiner Perkins, Sequoia Capital, Andreessen Horowitz, SV Angel
Captions
$25M
New York, NY-based video editing app

Maveron, GV, 7wireVentures, Hopelab Ventures, Wellington Partners, Ingeborg Investments, The Venture Collective
Caraway
$16.75M
New York, NY-based provider of women’s mental, physical, and reproductive health services

Iconiq Growth, Transformation Capital, Kaiser Permanente Ventures, Define Ventures, Frist Cressey Ventures, SpringRock Ventures
DexCare
$75M
Seattle, WA-based patient demand and care access platform

Andreessen Horowitz, Nat Friedman, Daniel Gross
ElevenLabs
$19M
New York, NY-based AI voice synthesis platform

Flagship Pioneering
Empress Therapeutics
$50M
Cambridge, MA-based small molecule drug developer

Climate Investment, Blackhorn Ventures, Innovation Endeavors, DI Technology
Fero Labs
$15M
New York, NY-based provider of manufacturing process optimization software

Fall Line Capital
Guardian Agriculture
$20M
Woburn, MA-based maker of large crop-dusting drones

Headline, GGV Capital, Footwork, Founders’ Co-Op, Act One, Heron Rock
Heard Technologies
$15M
Seattle, WA-based provider of therapist accounting tools

Norwest, Krowten Capital, Jemison Investment Co.
HighFive
$100M
Birmingham, AL-based specialty dental partnership organization focused on endodontics and oral surgery.

T. Rowe Price, BOND, Standard Investments, Equinor Ventures, a16z, Breakthrough Energy Ventures, BHP Ventures, Mitsubishi Corporation, Earthshot Ventures, the July Fund
KoBold Metals
$195M
Berkeley, CA-based EV battery mineral exploration company

Goldman Sachs Growth Equity
Limble
$58M
Lehi, UT-based physical asset tracking startup

Cigna Ventures, Novo Holdings, Avidity Partners, Health Velocity Capital, Greycroft, Felicis, Company Ventures, Obvious Ventures
Octave
$52M
San Francisco, CA-based hybrid behavioral health company

Felicis, Sequoia Capital, Harpoon Ventures
Oso
$15M
New York, NY-based authorization platform for developers

Madrona Venture Group, SpringRock Ventures
Outbound AI
$16M
Seattle, WA-based healthcare billing and claims automation startup

Bessemer Venture Partners, Addition, General Catalyst, the South Park Commons Fund
Render
$50M
San Francisco, CA-based cloud for app developers and teams

The family offices of John McFadden and David Dolby
Sharrow Marine
$32M
Detroit, MI-based maker of propellers for boats and ships

Scale Venture Partners, Amplify Partners, Storm Ventures, Battery Ventures
System Initiative
$15M
San Francisco, CA-based infrastructure automation platform

Sequoia Capital, GV, BoxGroup, Neo, Dylan Field, Marc Benioff, Jeff Weiner, Sam Altman
Warp
$50M
New York, NY-based modern terminal app

FPV Ventures, Human Capital, Autotech Ventures, Mark Cuban
Yendo
$24M
Dallas, TX-based provider of credit cards collateralized by car ownership

June 28th, 2023|Scherzer Deal Report|

The Scherzer Deal Report: June 12-16, 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

Canva
$50M
Corporate Venture fund

Discover
$36M
VC fund

Hidden River Strategic Capital
$245M
Debut fund

Peakview Capital
$145M
Fourth fund

TA Associates
$16.5B
Fiftheenth fund

Private Equity Deals

Erie Street Growth Partners
50,000feet
Undisclosed
Chicago, IL-based brand consultancy and creative agency

Fiera Infrastructure, Palisade Infrastructure Group
Amp US Primary Holdings
Undisclosed
Denver, CO-based solar and storage developer

Apixio, New Mountain Capital, Eir Partners
ClaimLogiq
Undisclosed
Mount Pleasant, SC-based company focused on reducing claim errors before payment.

Macquarie Group
Coastal Waste & Recycling
Undisclosed
Boca Raton, FL-based solid waste disposal and recycling company

Blackstone
CVent
$4.6B
Tysons, VA-based events and hospitality tech provider

Gauge Capital
Engine & Transmission Exchange
Undisclosed
Milwaukee, WI-based remanufacturer of aftermarket vehicle transmissions and other parts

Ares Management
Extreme Reach
Undisclosed
Dedham, MA-based creative logistics firm

Renovus Capital
F2 Strategy
Undisclosed
San Francisco, CA-based wealth management tech services firm

Penske Media Eldridge
Golden Globes Awards
Undisclosed
Hollywood, CA-based awards program for both American and international film and television

Capital Constellation
Greenbelt Capital Partners
Undisclosed
Austin, TX-based private equity firm

RC Capital
James River Cardiology
Undisclosed
Colonial Heights, VA-based cardiovascular care provider

WebMD
Limeade
$75M
Bellevue, WA-based employee experience company

DW Healthcare Partners
LKC Technologies
Undisclosed
Gaithersburg, MD-based maker of electrophysiology testing devices

ArcLight Capital Partners
Natural Gas Pipeline Co. of America
Undisclosed
Austin, TX-based natural gas pipeline company

Blackstone
New Tradition Media
Undisclosed
New York, NY-based owner and operator of digital and static signage

Guardian Capital Partners
Nwestco
Undisclosed
Kalispell, MT-based provider of fuel and car wash equipment and services

VSS Capital Partners
Olympus Cosmetic Group
Undisclosed
Jacksonville, FL-based cosmetic surgery and dermatology provider

Grovecourt Capital Partners
Premier Radiology Services
Undisclosed
Miami, FL-based provider of teleradiology services

Kohlberg & Co.
Riveron
Undisclosed
Dallas, TX-based business advisory focused on private equity and CFO offices.

Shore Capital
Roaming Hunger
Undisclosed
Los Angeles, CA-based provider of software for food trucks and catering companies

GTCR
Stelao
Undisclosed
Nashville, TN-based acquisition platform focused on enterprise software

Ardian
Tom Barrow Co
Undisclosed
Atlanta, GA-based provider of commercial HVAC solutions

Venture Capital Deals

Ten Eleven Ventures, Dorilton Capital, Generation Ventures StartFast Ventures, Trousdale Ventures
Blackbird.ai
$20M
Rochester, NY-based misinformation analysis platform

Innovius Capital, Threshold Ventures
CloudZero
$32M
Boston, MA-based cloud cost management startup

Goldman Sachs
Madhive
$300M
New York, NY-based provider of TV advertising software

Thrive Capital, Initialized Capital, Mayo Clinic
Medivis
$30M
New York, NY-based developer of AR surgical tools

Top Tier Capital Partners, Madrona Venture Group, Revolution Ventures, Sierra Ventures
Paro
$25M
Chicago, IL-based marketplace for freelance finance and accounting professionals

Koch Disruptive Technologies, Zimmer Partners, USVP, Delek US Holdings, Atento Capital, Spider Capital, Arkin Holding
Percepto
$67M
Austin, TX-based autonomous inspection and monitoring solution provider

Addition, USIT
Primer Technologies
$69M
San Francisco, CA-based AI startup focused on data analysis

TransUnion
Truework
$24M

Race Capital
Vectara
$28.5M
Cupertino, CA-based enterprise search startup

June 21st, 2023|Scherzer Deal Report|

The Scherzer Deal Report: June 5-9, 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

$10B
Second senior direct-lending fund and parallel funds
 
San Francisco, CA
$180M
Debut fund

Private Equity Deals

Avem Partners
Undisclosed
Santa Ana, CA-based maker of aerostructures
 
Insight Partners
Undisclosed
Albany, NY-based provider of toll management and automation software for fleets
 
KKR
$1.6B
Burlington, MA-based maker of industrial flow control products
 
Manulife
$500M
New York, NY-based solar energy and storage developer
 
HCAP Partners
Undisclosed
San Luis Obispo, CA-based residential water-tech company
 
Monomoy Capital Partners Japs-OlsonUndisclosedSt. Louis Park, MN-based direct mail marketing firmBain Capital
Undisclosed
Mesa, AZ-based provider of aviation aftermarket materials and services
 
PSG
Undisclosed
Dallas, TX-based provider of health system and academic medical center analytics
 
Altas Partners
Undisclosed
Denver, CO-based wealth management firm
 
Apple
Undisclosed
Los Angeles, CA-based maker of augmented reality headsets
 
Blackford Capital
Undisclosed
Puerto Rico-based provider of industrial process automation solutions for pharma and life sciences manufacturers
 
Warburg Pincus
Undisclosed
Philadelphia, PA-based employee benefits platform
 
MidOcean Partners
Undisclosed
Chaska, MN-based maker of plant nutrition, animal nutrition, and food ingredient products
 
AE Industrial Partners
Undisclosed
Wichita, KS-based provider of MRO and FBO services to aviation and government customers

Venture Capital Deals

Bain Capital Life Sciences, TCGX, Wellington Management, Sofinnova Investments
$150M
Cambridge, MA-based biotech focused on treating a genetic cause of blindness.
 
Noro-Moseley Partners, Flare Capital Partners, Intermountain Ventures, University Hospitals Ventures, Hartford HealthCare, LocumTenens.com, Epsilon Health Investors, InHealth Ventures, AV8 Ventures, JumpStart Ventures, M25 Ventures
$20M
Cleveland, OH-based provider of clinical workforce tools
 
Arch Venture Partners, Deerfield Management, Google Ventures, Koch Disruptive Technologies, Alexandria Venture Investments
$145M
Palo Alto, CA-based developer of immunotherapies for cardiovascular disease
 
Bain Capital Tech Opportunities, Accel, Adelphi Capital Partners, Telecom Ventures, Pelican Ventures, WP Global Partners
$190M
Ellicott City, MD-based provider of cybersecurity solutions for SMBs
 
Ten Eleven Ventures, RPS Ventures, Mercury Fund, HPA
$15M
Ann Arbor, MI-based developer of detection and response tech
 
Memorial Hermann Health System, UnityPoint Health
$25M
San Francisco, CA-based clinical data company
 
General Catalyst, Lowercarbon, Exor Ventures, Kinnevik, Thrive Capital, Elad Gil
$100M
San Francisco, CA-based carbon removal startup
 
Bessemer Venture Partners, Initialized Capital, Brick & Mortar Ventures, Rainfall Ventures
$42M
Ventura, CA-based logistics platform for the construction industry
 
L’Oréal
$34M
San Diego, CA-based synthetic biology startup focused on beauty product ingredients.
 
Goldman Sachs, Leadwind, K Fund, Vivo Ventures, Kinea, G2D
$60M
Weston, FL-based integration platform-as-a-service startup
 
Point72 Private Investments, Koch Real Estate Investments, Golden Seeds, Navitas Capital, JLL Spark, DivcoWest
$35M
New York, NY-based conversational AI platform for real estate
 
Bessemer Venture Partners, Bain Capital Ventures, Clio, Scott Belsky, DCM, SignalFire, NFX, Gokul Rajaram
$50.5M
San Francisco, CA-based provider of AI support for personal injury lawyers,
 
NEA, Bain Capital Ventures
$45M
Mountain View, CA-based AI efficiency platform
 
Tribe Capital, Andreessen Horowitz, Spark Capital, NEA
$45M
San Francisco, CA-based social platform for business data
 
Westlake Village BioPartners, Versant Ventures, Osage University Partners, UF Innovate Ventures
$51M
San Diego, CA-based gene therapy startup
 
Eric Schmidt
$17M
Santa Monica, CA-based cross-border payments startup
 
S2G Ventures
$15M
New York, NY-based provider of physical recovery products and digital solutions
 
OMERS Ventures, Founders Fund, General Catalyst, Friends and Family Capital
$26M
Tampa, FL-based corporate financial decision-making platform
 
Ecovative Design
$15M
Green Island, NY-based developer of plant-based meats
 
Andreessen Horowitz, First Round Capital, SV Angel Operator Partners, Allen & Co., BoxGroup
$33M
New York, NY-based virtual maternal and infant health medical practice
 
PAGRK
$200M
Pearl River, NY-based generic pharma developer focused on complex injectables.
 
Moore Strategic Ventures, Booz Allen Hamilton
$83M
Rosslyn, a VA-based cybersecurity company focused on military platforms and transportation systems.
 
Energize Ventures, E14 Fund
$20M
New York, NY-based supply chain monitoring startup
 
Crestline Investors, Silversmith Capital Partners
$58.35M
Nashville, TN-based value-based specialty care provider
 
Enavate Sciences, Venrock, Bain Capital Life Sciences, Wellington Management, OrbiMed, Access Biotechnology, Decheng Capital, Altshuler Shaham Provident Funds, TCG X, HBM Healthcare Investments, Omega Funds, Samsara BioCapital
$200M
Waltham, MA-based developer of therapies to treat inflammation
 
Norwest Venture Partners, Pitango VC
$26M
Aliso Viejo, CA-based maker of medical devices for treating lumbar spinal stenosis
 
Mastry Ventures, AlleyCorp, AV8 Ventures, New York Ventures, HLM Venture Partners, Route 66 Ventures, VamosVentures, Social Innovation Fund
$20.2M
New York, NY-based provider of admin software for community health centers

June 14th, 2023|Scherzer Deal Report|

The Scherzer Deal Report: May 29-June 2, 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

$1.1B
Debut fund
 
$700M
Fourth energy transition fund
 
$432M
Fourth flagship seed fund
 
$34M
Second fund

Private Equity Deals

Main Capital Partners
Undisclosed
Fort Collins, CO-based provider of enterprise automation solutions
 
Blackstone
Undisclosed
Rushland, IN-based HVAC and refrigeration business
 
Symphony Technology Group
$1.5B
Columbus, OH-based parent company of SurveyMonkey
 
Madison Dearborn
Undisclosed
Dallas, TX-based money transfer company
 
Vector Capital
Undisclosed
San Francisco, CA-based IT company
 
Kian Capital Partners
Undisclosed
Nashville, TN-based wholesale distributor of HVAC equipment

Venture Capital Deals

The Column Group, RA Capital Management, Deep Track Capital, Willett Advisors, Horizons Ventures
$160M
Berkeley, CA-based developer of metabolic disease drugs
 
OMERS Growth Equity, Revelation Partners, Tiger Global Management, Wildcat Venture Partners, Cross Creek, SpringRock Ventures
$45M
San Francisco, CA-based bundled employer payment platform for specialty healthcare
 
Indigo Partners, Frontier Airlines, Wizz Air, Volari, Temasek’s GenZero, Cleanhill Partners
$50M
Salt Lake City, UT-based developer of sustainable aviation fuels developed from agricultural residues and other waste biomass
 
Magnetar Capital
$200M
Roseland, NJ-based cloud computing platform
 
IVP, Craft Ventures, YC, Sequoia Capital, Tiger Global
$35M
San Francisco, CA-based internal developer portal
 
Intel Capital, Shasta Ventures, Slow Ventures, UP2398, The Syndicate
$15M
Pleasanton, CA-based provider of live video monitoring solutions
 
Macquarie Capital, Liberty Mutual Strategic Ventures, Black Opal Ventures, K20, Hanaco Ventures, Spero Ventures, Mindset Ventures
$20M
New York, NY-based developer of conversational AI tools for healthcare
 
Fidelity, SIP, Viking Global Investors, GV
$154M
Boston, MA-based developer of photonics for large-scale computing
 
PayPal Ventures, Cherubic, Synchrony, KX, Northzone, Volt Capital
$52M
San Francisco, CA-based web3 onboarding startup
 
Energy Impact Partners, Moderne Ventures, WVV, Suffolk Construction, Broadscale, Camber Creek, Salesforce Ventures, Building Ventures, Constellation Technology Ventures, Concrete Ventures, RET Ventures, Colliers, Lincoln Property Co.
$93M
San Diego, CA-based provider of real estate portfolio management software
 
Cleveland Clinic, the Mayo Clinic, GE HealthCare, JobsOhio Capital Growth Fund, Inside View Investments, KKVS Syndicate
$15M
Cleveland, OH-based AR surgery startup
 
Marshall Wace, Safeguard Scientifics, Cigna Ventures, Hikma Ventures, Hunt Holdings, Labcorp, Maywic, Merck Global Health Innovation Fund, Red & Blue Ventures
$23M
New York, NY-based health data marketplace
 
NEA, CVS Health Ventures, CapitalG, Echo Ventures, Town Hall Ventures, Ascension Ventures, Redpoint Ventures
$166M
Denver, CO-based provider of value-based kidney care
 
Apax Partners, Reach Capital
$38M
San Francisco, CA-based marketplace that connects schools and substitute teachers.
 
CE Innovation Capital, SBI VC, Sygnum, Azimut, Third Kind Venture Capital, UOB Venture Management, Signum Capital, Animoca Brands, Genting Ventures, Istari Ventures, No Limit Holdings, Woodstock Fund, IOSG Ventures, KX, Axelar, Tokentus, The Lao
$20M
New York, NY-based web3 payments startup
 
Activant Capital, Mayfield, Audacious Ventures
$20M
San Francisco, CA-based B2B sales closing and financing startup
 
Race Capital
$28.5M
Santa Clara, CA-based conversational search startup

June 7th, 2023|Scherzer Deal Report|
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