Monthly Archives: October 2023

The Scherzer Deal Report: October 16-20, 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

Astira Capital Partners
$675M
Debut fund

Graycliff Partners
$600M
Fifth midmarket PE fund

Gridiron Capital
$2.1B
Fifth fund

Pfingsten
$435M
Sixth fund

RevRoad Capital
$61M
Debut fund

Shield Capital
$186M
Debut fund

Veriten
$85M
First private investment fund

Private Equity Deals

Citation Capital
Cibo Vita
Undisclosed amount
Totowa, NJ-based maker of healthy snack foods

KKR
Circor
$1.6B
Burlington, MA-based maker of industrial flow control products

Hull Street Energy
Greenskies Clean Focus
Undisclosed amount
North Haven, CT-based solar developer and operator

Summit Partners, Enhanced Healthcare Partners
Hallmark Health Care Solutions
Undisclosed amount
Hauppauge, NY-based provider of health care workforce management solutions

Arcline
Hartzell Aviation
Undisclosed amount
Piqua, OH-based maker of aircraft subsystems and aftermarket partners

Berkshire Partners
PDQ
Undisclosed amount
Salt Lake City, UT-based provider of IT asset management software

Providence Equity Partners
Populous
Undisclosed amount
Kansas City, MO-based sports and entertainment venue architectural and design firm

Varsity Healthcare Partners
VetEvolve
Undisclosed amount
Richmond, VA-based veterinary platform

Venture Capital Deals

Drawdown Fund, Oshkosh Corp., Bridgestone
Hayden AI
$53M
Oakland, CA-based autonomous traffic management system

Nexus Venture Partners, Uncorrelated Ventures
Fingerprint
$33M
Chicago, IL-based device intelligence API

Brightwood Capital, Tamarix Capital Partners
Joor
$25M
New York, NY-based wholesale management platform

IA Capital Group, Cultivation Capital, Intuit Ventures, TruStage Ventures, Assurity Ventures
Matic
$17M
Columbus, OH-based embedded insurtech startup

Brevan Howard, Point 72, Jane Street
Membrane Labs
$20M
New York, NY-based cryptocurrency-focused trading and lending platform

Lightspeed Venture Partners, General Catalyst, Valor Equity Partners
Nirvana Insurance
$57M
San Francisco, CA-based insurer of commercial truck fleets

Canapi Ventures, Geodesic Capital, Harmonic Capital, Radiate Capital, Cox Enterprises, General Catalyst, Index Ventures, Kleiner Perkins, YC, Avid Ventures
Nova Credit
$45M
New York, NY-based startup focused on immigrant credit history

Eclipse, GE HealthCare, Echo Global, Fox Chase Cancer Center, Granger Management, Mayo Clinic, Mercy Health, the University of Missouri
Nucleus RadioPharma
$56M
Rochester, MN-based supply chain organization for radiopharmaceuticals

MassMutual Ventures, Capital One Ventures
Prove Identity
$40M
New York, NY-based fraud reduction startup

DCVC, Comcast Ventures, Ex/ante, Parameter Ventures, AI Grant
Reality Defender
$15M
New York, NY-based deepfake and AI-generated media detection platform

GV, Room40 Ventures, Venrock
Scope3
$20M
New York, NY-based decarbonization startup focused on the media and advertising industries.

Insight Partners
SecureW2
$60M
Seattle, WA-based zero-trust passwordless security software provider

Callais Capital, North Coast Ventures, Gullane Capital
Society Brands
$25M
Canton, OH-based tech-enabled consumer products company

OMX Ventures, Kleinmuntz Associates
VedaBio
$40M
San Diego, CA-based molecular detection startup

October 25th, 2023|Scherzer Deal Report|

The Scherzer Deal Report: October 9-13, 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

ABS Capital
Undisclosed amount
Continuation fund

AEA Investors
$1.3B
Fifth small-cap private equity fund

BV Investment Partners
Undisclosed amount
Continuation fund

CIVC Partners
$825M
Seventh fund

Grand Ventures
$50M
Second fund

Incline Equity Partners
$1.9B
Sixth fund

SYN Ventures
$75M
Dedicated seed fund

Private Equity Deals

TPG Rise Climate 
AmSpec
Undisclosed amount
Cranbury, NJ-based testing, inspection and certification company focused on the energy, commodities and fuel markets

QHP Capital
Applied StemCell
Undisclosed amount
Milpitas, CA-based cell and gene therapy contract development and manufacturing organization

Apax Partners
Bazooka Candy Brands
$700M
New York, NY-based bubble gum and candy brand

MGT Partners
CM Select Insurance
Undisclosed amount
Greenwood, CO-based insurer for U.S. religious organizations

Northleaf Capital Partners
EVPassport
Undisclosed amount
Los Angeles, CA-based EV charging company

SK Capital
J&K Ingredients
Undisclosed amount
Paterson, NJ-based maker of natural and organic food and beverage ingredients

TA Associates, OceanSound Partners
Kinective
Undisclosed amount
Phoenix, AZ-based provider of workflow and analytics software for the banking sector

Branford Castle Partners
Marine Floats
Undisclosed amount
Tacoma, WA-based specialty marine contractor

Bonaccord Capital Partners
Revelstoke Capital Partners
Undisclosed amount
Denver, CO-based health care PE firm

Huron Capital
RK Electric
Undisclosed amount
Fremont, CA-based electrical contractor

Fulcrum Equity Partners, Leavitt Equity Partners, Harpeth Capital
SurgNet
Undisclosed amount
Brentwood, TN-based ambulatory surgery center operator

Venture Capital Deals

SBI Group
Alpaca
$15M
San Mateo, CA-based developer of a stock-trading

APIGood Growth Capital, YC, RH Capital, Astia Fund, Adaptive Capital Partners, Gore Range Capital, LongeVC, The Helm, VU Venture Partners, FemHealth Ventures
AOA Dx
$17M
Boulder, CO-based developer of a detection test for ovarian cancer

Foundation Capital, Infinity Ventures
Canopy Servicing
$15.2M
Claymont, DE-based loan management platform

Atlantic Health System, Banner Health, Hawai’i Pacific Health, Inova Health System, Lehigh Valley Health Network, Memorial Hermann Health System, Nebraska Medicine, Novant Health, Ochsner Health, WellSpan Health, Transformation Capital
Capital Rx
$50M
New York, NY-based pharmacy benefit manager and pharmacy benefit administrator

Fin Capital, TTV Capital, Bessemer Venture Partners, Commerce Ventures, Montage Ventures, Alloy Labs
Carefull
$16.5M
New York, NY-based startup that helps banks protect older customers from fraud

Menlo Ventures, TQ Ventures, Databricks Ventures, Bain Capital Ventures
Cleanlab
$25M
San Francisco, CA-based automated data curation startup

Eclipse Ventures, Forerunner Ventures, Bling Capital
Dutch
$18M
Oakland , CA-based pet telehealth platform

BMW i Ventures, Intel Capital, GS Futures, SignalFire, Hillsven, Pelion Ventures, Holman, Ericsson, Goodyear Ventures, PICUS Capital, Thursday Ventures
Formant
$21M
San Francisco, CA-based robotics data and operations platform

Bosch Ventures, In-Q-Tel, Raptor Ventures, Schooner Capital
JetCool
$17M
Littleton, MA-based provider of liquid cooling solutions for data centers

NEA, Khosla Ventures
Mojo Vision
$21.1M
Saratoga, CA-based developer of micro-LED display tech

Foundry Group, Escalate Capital Partners, Bonfire Ventures, Daher Capital, Navigate Ventures, Attento Capital, OpenView, 500 Global, SOSV, Jumpstart Capital
Optimize Health
$18M
Seattle, WA-based provider of remote patient monitoring software

Prysm Capital, NEA, Javelin Venture Partners, Christian McCaffrey
Pair Eyewear
$75M
New York, NY-based provider of customizable eyewear for kids and adults

Nuveen
Perch
$30
M Boston, MA-based community solar services provider

Insight Partners, SignalFire, JPMorgan, Singtel Innov8, Databricks Ventures, Dallas Venture Capital
Prophecy
$35M
Palo Alto, CA-based low-code data engineering platform for enterprise data teams

Caffeinated Capital, 8VC, Andreessen Horowitz, Lightspeed Venture Partners, Point72 Ventures, Silent Ventures, Overmatch Ventures, Ensemble VC, Cubit Capital, the U.S. Innovative Technology Fund
Saronic
$55M
Austin, TX-based developer of autonomous ships

Eight Roads Ventures, AB Private Credit Investors, AllianceBernstein, TLV Partners, Magma Ventures, Qualcomm Ventures
ScyllaDB
$43M
Palo Alto, CA-based bid data database startup

Baillie Gifford, Fidelity
Shine
$70M
Janesville, WI-based nuclear fusion developer

AlleyCorp, Two Bear Capital, Nexus Venture Partners, Big Pi Ventures, Intel Capital, Uncorrelated, Lockheed Martin Ventures, Amgen Ventures, NTT Docomo Ventures, Verizon Ventures, S Ventures, LDV Partners, Scale Asia Ventures
TileDB
$34M
Cambridge, MA-based data management startup

October 18th, 2023|Scherzer Deal Report|

The Scherzer Deal Report: October 2-6, 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.

Fundraising for PE & VC Funds

7wire Ventures
$217M
New growth and opportunities fund

At One Ventures
$375M
Second fund

Brookfield
$12B
Sixth flagship private equity fund.

FemHealth Ventures
$32M
Debut fund

Greylock
$1B
Seventeenth flagship fund

Kelso & Co.
$3.25B
Eleventh midmarket buyout fund

King Street
$2.3B
Second drawdown fund

Section 32
$525M
Fifth fund

Viewpoint
$150M
First fund to invest in insurance tech startups

Private Equity Deals

Arlington Capital Partners
Avenu Insights & Analytics
Undisclosed amount
Centreville, VA-based provider of revenue and ops software for state and local governments

Advent International, Warburg Pincus
Baxter International
$4.25B
Deerfield, IL-based pharma contract manufacturing business

Genstar Capital
Cetera Financial Group
Undisclosed amount
San Diego, CA-based financial advisory firm

CCMP Growth
Decks & Docks
Undisclosed amount
Clearwater, FL-based distributor of marine construction and outdoor living supplies

Warburg Pincus, Brookfield
Everise
Undisclosed amount
Plantation, FL-based healthcare services outsourcing company

VSS Capital Partners
Eximia Research Network
Undisclosed amount
Dover, DE-based clinical trial research company

SK Capital Partners
Milestone Environmental Services
Undisclosed amount
Houston, TX-based environmental services and carbon management company

Unity Partners|
Poolie
Undisclosed amount
Austin, TX-based pool services business

Ascend Capital Partners
Seoul Medical Group
Undisclosed amount
Long Beach, CA-based, physician-run Independent Physician Association

Vista Equity Partners
TRG Screen
Undisclosed amount
New York, NY-based provider of subscription spend management software

Venture Capital Deals

Energize Capital, D.E. Shaw, Veriten, Ørsted, HSBC Asset Management
Amperon
$20M
Houston, TX-based grid forecasting startup

a16z, Amex Ventures, Bolt, Union Square Ventures, Shine, Variant, Quality Branded, Rustic Canyon Family, Souvla, Brooks Reitz
Blackbird Labs
$24M
New York, NY-based restaurant rewards startups

Town Hall Ventures, Heritage Group
Connections Health Solutions
$28M
Phoenix, AZ-based behavioral health crisis care provider

Norwest Venture Partners
Diana Health
$34M
New York, NY-based network of women’s health practices

Fortescue, Fifth Wall, Energy Impact Partners, BP Ventures, Oman Investment Authority, Temasek, Microsoft’s Climate Innovation Fund, United Airlines Sustainable Flight Fund 
Electric Hydrogen
$380M
Natick, MA-based clean hydrogen company

Greylock, Social Leverage
Frec
$26.4M
San Francisco, CA-based automated investing startup

Spark Capital
Headway
$125M
New York, NY-based behavioral therapist network

Invus
Health Data Analytics Institute
$31M
Dedham, MA-based maker of clinical decision support software for health systems

Veradigm
Holmusk
$30M
New York, NY-based behavioral health real-world evidence company

Third Prime
Kafene
$12.6M
New York, NY-based point-of-sale financing platform

JPMorgan Growth Equity Partners, Index Ventures
Loop
$35M
Chicago, IL-based logistics audit and payments startup

Bedrock Capital
Mach Industries
$79M
Austin, TX-based defense tech startup

Nvidia’s VC arm, Innovation Endeavors
Machina Labs
$32M
Chatsworth, CA-based manufacturing robotics startup

Madrona, NEA, Tola Capital, Strike Capital
Pulumi
$41M
Seattle, WA-based infrastructure-as-code platform

Altai Ventures, Bain Capital Ventures, 8VC, Neuberger Berman, Convex Group, Axis Capital, Anthemis Ventures, Arch Capital Group
Reserv
$20M
New York, NY-based AI-driven insurance claims processing company

Blackstone, Insight Partners, SignalFire, Bloomberg Beta
Stampli
$61M
Mountain View, CA-based accounts payable automation startup

Industrious Ventures, University of Michigan, Sparta Group, Long Journey, Breakthrough Energy, YC, Point72 Ventures, NFX, MaC Ventures, Toyota Ventures, In-Q-Tel
Stoke Space
$100M
Reston, VA-based maker of reusable rockets

October 11th, 2023|Scherzer Deal Report|

The Scherzer Deal Report: September 25-29, 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

Anzu Partners
$200M
Third fund

Fuse
$250M
Second fund

Industry Ventures
$1.71B
Tenth VC secondaries fund ($1.45B) and second fund focused on direct investments in software companies ($260M)

Mercury Fund
$160M
Fifth fund

Mythos Ventures
$14M
Debut fund

T-Mobile
Undisclosed amount
Second corporate VC fund

Private Equity Deals

Platinum Equity
Cook & Boardman
Undisclosed amount
Winston-Salem, NC-based commercial door distributor

Brightstar Capital Partners
Douglas
Undisclosed amount
Liberty, MO-based provider of products and packaging for the agriculture production and structural pest control markets

Arlington Capital Partners
Exostar
Undisclosed amount
Herndon, VA-based provider of secure collaboration and risk management solutions

Left Lane Capital, Ares Management, Lindsey Vonn, Candace Parker, Jordyn Poulter, Amy Schumer, Amy Griffin, Linda Henry, Jayson Tatum, Chelsea Handler, Boardroom Sports Holdings
League One Volleyball
$35M
Hermosa Beach, CA-based youth volleyball group

Novo Holdings, Gurnet Point
Paratek Pharma
$462M
Boston, MA-based antibiotics maker

Capstreet Planet
Bids
Undisclosed amount
Woodland Hills, CA-based provider of e-procurement SaaS

Silver Oak Services Partners
Quality Liaison Services
Undisclosed amount
Hendersonville, TN-based provider of representation and quality assurance services for OEMs and suppliers

Susquehanna Private Capital
U.S. Compliance
Undisclosed amount
Excelsior, MN-based provider of EHS compliance management solutions to facilities

Venture Capital Deals

F-Prime Capital, OrbiMed, Deerfield Management, Decheng Capital, Labcorp, RA Capital Management
Adela
$48M
Branford, CT-based blood testing platform for minimal residual disease monitoring

Bond, CapitalG, Viking Global, BAM Elevate, Goldman Sachs
AlphaSense
$150M
New York, NY-based market intelligence and search platform

Eclipse, Andreessen Horowitz, Lowercarbon Capital, Abstract Ventures
Arc
$70M
San Francisco, CA-based electric boat maker

Fulcrum Equity Partners, Engage
Canvs AI
$15M
New York, NY-based consumer and employee feedback analytics platform

Menlo Ventures, Reach Capital, General Catalyst, BoxGroup, Able Partners
Cartwheel
$20M
Cambridge, MA-based telemental health startup focused on schools

Lightspeed Venture Partners, Bessemer Venture Partners, Cota Capital, Khosla Ventures, MassMutual Ventures, Moneta VC
Farther
$31M
New York, NY-based wealth management startup

Flagship Pioneering, Pictet, Partners Investment, M&G Investments
Harbinger Health
$140M
Cambridge, MA-based developer of cancer screening and detection technologies

Andreessen Horowitz
IYK
$16.8M
San Francisco, CA-based developer of NFT infrastructure for fashion brands

Foxconn, Alltek, Horizon Ventures, Liteon Technology, Adata, Palpilot
Kneron
$49M
San Diego, CA and Taipei-based chipmaker for autonomous vehicles

Lobby Capital, SignalFire, Bloomberg Beta
Kolena
$15M
San Francisco, CA-based provider of AI model testing tools

Forgepoint Capital
Lumu
$24M
Doral, FL-based enterprise cybersecurity startup focused on real-time compromises

GV, Felicis, Semper Virens, Icon, 25M, Operator Collective
Midi Health
$25M
Los Altos, CA-based provider of menopause health care solutions

Nexus Venture Partners, Andreessen Horowitz
Nx
$16M
Gilbert, AZ-based maker of developer tools

Fuse, Curql, BankTech Ventures, EJF Capital, the Btech Consortium
PortX
$16.5M
Seattle, WA-based provider of financial services infrastructure for banks

776, Basis Set Ventures, PearVC, Kleiner Perkins, Day One Ventures, Hustle Fund, Caffeinated Capital, Wischoff Ventures
Series
$25M
San Francisco, CA-based enterprise OS for automating business and finance stacks

MUFG, Kanematsu Corp., Tokio Marine & Nichido, Coatue, General Atlantic, Moore Strategic Ventures, BlackRock, AE Industrial Partners
Sierra Space
$290M
Louisville, CO-based commercial space transportation and infrastructure company

Union Square Ventures, Sam Altman, Monashees, YC
Slope
$30M
San Francisco, CA-based B2B payments platform

ABS Capital, Chase Impact Finance & Advisory, Lumos Capital Group, Akkadian Ventures, Spring Tide Capital, Firework Ventures
Transfr
$40M
New York, NY-based provider of VR-based skills training solutions

October 4th, 2023|Scherzer Deal Report|
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