The Scherzer Deal Report: August 21-25, 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
Blackstone
$5.2B
Fourth tactical opportunities fund
Questa Capital
$397M
Third fund
Private Equity Deals
Apollo Global Management
CATEC
Undisclosed
Houston, TX-based provider of compressed natural gas, renewable natural gas, and hydrogen transportation and storage solutions
PAI Partners
Alphia
Undisclosed
Ogden, UT-based pet food maker
Ivest Consumer Partners
Cloudco Entertainment
$100M
Cleveland, OH-based owner of the rights to Care Bears and Holly Hobby
Cressey & Co.Health
Drive
Undisclosed
Framingham, MA-based provider of clinical services for patients in long-term care facilities
Trident, Bluejay Capital
Priority Courier Experts
Undisclosed
St. Paul, MN-based local B2B delivery provider
Riverwood Capital
Spycloud
$110M
Austin, TX-based identity analytics firm
Comvest Partners
Apotheco Pharmacy Group
Undisclosed amount
New York, NY-based network of specialized dermatology pharmacies
Apax Partners
Bazooka Candy Brands
$700M
New York, NY-based international marketer of confections products
Coalesce Capital and Freedom 3 Capital
Examinetics
Undisclosed amount
Overland Park, KS-based provider of occupational health compliance testing
Arcadea Group
Flight Vector
Undisclosed amount
Henderson, NV-based provider of flight dispatch software
Bain Capital
Fogo de Chão
Undisclosed amount
Plano, TX-based Brazilian restaurant chain
Align Capital Partners
Global Guardian
Undisclosed amount
McLean, VA-based duty-of-care provider
ArcLight Capital Partners
Kleen Energy Systems
Undisclosed amount
Middletown, CT-based natural gas-fired power plant
Sun Capital Partners
Koch Engineered Solutions
Undisclosed amount
Wilmington, MA-based provider of separation technologies
Highview Capital
Safety Marking
Undisclosed amount
Bridgeport, CT-based highway and roadway marking company
BV Investment Partners
The Hardenbergh Group
Undisclosed amount
Livonia, MI-based provider of temp non-clinical staffing and other health care solutions
Northleaf Capital Partners
Tillman FiberCo
Undisclosed amount
New York, NY-based developer and owner of fiber networks
Spectrum Equity
VBA
$156M
Germantown, WI-based provider of health benefits administration software
Venture Capital Deals
Aljazira Capital, Boryung Co.
Axiom Space
$350M
Houston, TX-based commercial space station operator
The Banc Funds, 50 South Capital, The Andersons Inc., Cargill, Germin8, Lewis & Clark AgriFood, The Scoular Co., Conti Ventures
Bushel
$26M
Fargo, ND-based platform for connecting farmers and agribusinesses
Koch Disruptive Technologies, Bristol Myers Squibb, DFJ Growth, Willett Advisors, Eclipse, Decheng Capital, 8VC
Cellares
$255M
South San Francisco, CA-based cell therapy manufacturing platform
Sigma Ventures, Ridge Ventures, Founders Fund, Bowery Capital, AV8, Salesforce Ventures, Tau Ventures, Okta Ventures, Incubate Fund
Cerby
$17M
Alameda, CA-based provider of access management solutions for nonstandard enterprise apps
Carom Growth Partners, SE Ventures
Clockworks Analytics
$16.1M
Boston, MA-based provider of SaaS building analytics
Breyer Capital, Bridgewater Associates
Elemental Cognition
$60M
New York, NY-based generative AI startup
Truist Bank, Maryland Small Business Development Authority
Fearless
$17M
Baltimore, MD-based digital services company
SR One, Medicxi, OrbiMed, HBM Healthcare Investments, Novartis Venture Fund, 3B Future Health Fund, Cormorant Asset Management, Wellington Management, Samsung Securities
Fore Biotherapeutics
$75M
Philadelphia, PA-based developer of cancer therapies
Particle Future
FranklinWH
$25M
San Jose, CA-based home battery startup
Bessemer Venture Partners, Battery Ventures, Motivate Venture Capital, Schematic Ventures, Waybury Capital
Fulcrum
$18M
Minneapolis, MN-based provider of cloud software for manufacturers
Andreessen Horowitz, Fidelity, BlackRock, Nvidia, Rock Springs Capital, T. Rowe Price, Menlo Ventures, Radical Ventures
Genesis Therapeutics
$200M
Burlingame, CA-based AI drug discovery company
Third Point Ventures, YL Ventures, Intel Capital, The Syndicate Group
Grip Security
$41M
Boston, MA-based SaaS identity risk management provider
EQT Growth, General Atlantic, Moore Strategic Ventures
Gympass
$85M
New York, NY-based corporate employee wellness platform
Google, Amazon, Nvidia, Intel, AMD, Qualcomm, IBM, Salesforce, Sound Ventures
Hugging Face
$245M
New York, NY-based AI startup
Premji Invest, Foundation Capital, E& Capital VC
Ikagai Labs
$25M
San Francisco, CA-based provider of generative AI solutions for tabular data
Left Lane Capital, YC, Zrosk, Global Founders Capital, Olive Tree
LemFi
$33M
Oakland, CA-based fintech focused on providing financial services to African immigrants.
Bessemer Venture Partners, Switch Ventures
Luxury Presence
$19.2M
Santa Monica, CA-based provider of marketing software for real estate brokers
General Catalyst, GV, SV Angel, Greylock, Factory
Modular
$100M
Palo Alto, CA-based AI software development platform
Drive Capital, Pelion, Kickstart
Nursa
$80M
Salt Lake City, UT-based provider of health care staffing tools
Sands Capital, Thrive Capital
Ramp
$300M
New York, NY-based corporate finance automation startup
Cormorant Asset Management, Fidelity, Goldman Sachs, Logos Capital, Perceptive Advisors, Sofinnova Investments, Surveyor Capital, T. Rowe Price, Third Rock Ventures, Arch Venture Partners, J&J
Rapport Therapeutics
$150M
Boston, MA-based developer of neuro medicines
QED Investors, Inspired Capital, Khosla Ventures, Slow Ventures, Spark Capital, Union Square Ventures
Teamshares
$124M
New York, NY-based EOP enabler for small businesses
Town Hall Ventures, Foresite Capital
Thyme Care
$60M
Nashville, TN-based oncology management platform
