The Scherzer Deal Report: November 20-24, 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

53 Stations
$190M
Debut fund

Bain Capital
$7.1B
Fifth Asia-Pacific buyout fund

Expect Equity
$55M
Debut fund

Kinterra Capital
$565M
Debut fund

Riverwood Capital
$1.8B
Fourth fund

SEVA
$85M
Debut fund

Private Equity Deals

The Riverside Company
Frenchies
Undisclosed amount
Littleton, CO-based franchisor of nail care salons

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

Greenbriar Equity Group
VIVE Collision
Undisclosed amount
New York, NY-based multi-site collision repair operator, in partnership

Venture Capital Deals

Firework Ventures, Benson Capital
Inclusively
$13M
New Orleans, LA-based workforce inclusion platform

Brighton Park Capital, Headline, Adobe Ventures, Baseline Ventures
LucidLink
$75M
San Francisco, CA-based provider of SaaS for connecting creative teams.

Blue Cloud Ventures, Catalyst Investors, Insight Partners
Ninety
$35M
Atlanta, GA-based cloud platform for business operating systems

Khosla Ventures, Kairos Ventures, CS Ventures, MBX Ventures, Bison VC
Vivodyne
$33M
Philadelphia, PA-based biotech that tests its drug candidates on lab-grown human organs.

November 29th, 2023|Scherzer Deal Report|

The Scherzer Deal Report: November 13-17, 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

Acadia Infrastructure Capital
Undisclosed amount
Debut fund

Blackstone
$8B
New direct lending fund

Faction
$285M
Debut fund

Interplay
$45M
Third fund

L Squared Capital Partners
$840M
Fourth fund

Material Impact
$352M
Third fund

Menlo Ventures
$1.35B
Sixth flagship and third inflection funds

Monta Vista Capital
$48M
Third fund

Private Equity Deals

Norwest
Aesthetic Partners
Undisclosed amount
Miami, FL-based practice management company focused on aesthetics.

KKR
Chase Corporation
$1.3B
Westwood, MA-based specialty chemicals company

GTCR
Cloudbreak Health
Undisclosed amount
Columbus, OH-based provider of telehealth and video remote interpretation solutions

Cox Enterprises
DSD Renewables
$250M
Schenectady, NY-based solar energy developer

Gemspring Capital Management
Fenceworks
Undisclosed amount
Riverside, CA-based fencing installer and distributor for homebuilders

Seaside Equity Partners
Frontier Services Group
Undisclosed amount
Houston, TX-based provider of emergency restoration services to residential and commercial clients

Bonaccord Capital Partners
Kayne Anderson Private Credit
Undisclosed amount
Los Angeles, CA-based middle-market private credit platform

Greater Sum Ventures
Utility Associates
Undisclosed amount
Decatur, GA-based provider of police body cameras and communications systems

Venture Capital Deals

Valor Siren Ventures, Valor Equity Partners, Maveron, Howard Schultz, Linden Ventures, Carter Reum, Ryan Tedder
Cumulus Coffee
$20.3M
New York, NY-based maker of at-home cold brew coffee machines

Norwest Venture Partners, Sands Capital, Global Health Investment Corp.
Cytovale
$84M
San Francisco, CA-based maker of rapid diagnostics tests for sepsis

Hexagon AB
Divergent Technologies
$230M
Torrance, CA-based software and hardware production system for industrial digital manufacturing

Cohort Ventures
Element Energy
$73M
Menlo Park, CA-based battery management startup

Khosla Ventures, SoftBank, Founders Fund
Forward
$100M
San Francisco, CA-based medical clinic operator

Ribbit Capital, Thrive Capital, Kleiner Perkins, Lachy Groom, Moore Specialty Credit
Imprint
$75M
New York, NY-based co-branded credit card fintech

Lightspeed Venture Partners, Box Group, Afore Capital, SV Angel
Keychain
$18M
New York, NY-based CPG manufacturing platform

BIP Ventures, CIBC
Kythera Labs
$20M
Franklin, TN-based health data analytics startup

TPG, Avidity Partners, Cowen Healthcare Investments, Venrock, Alta Partners
MBrace Therapeutics
$85M
San Diego, CA-based developer of antibody-drug conjugates for cancer treatments

Menlo Ventures, Ridge Ventures, Capital One Ventures, Canvas Ventures, Harmony Partners, Alumni Ventures Group, Carbide Ventures, Burst Capital
OfferFit
$25M
Boston, MA-based automated experimentation platform for marketers

H.I.G. Capital, The Hurvis Group, J&J Innovation, Pension Fund of the Christian Church, 3B Future Health Fund, Elevate Ventures, Olympus Innovation Ventures
On Target Laboratories
$30M
West Lafayette, IN-based developer of molecular imaging agents to target and illuminate cancer during surgery

Apax Digital, Frontier Growth, PeakSpan Capital
Petvisor
$100M
San Diego, CA-based provider of veterinary and pet services business management and client engagement software

Next47, General Advance, Lightspeed Venture Partners, Acrew Capital, Uncorrelated Ventures, Jibe Ventures
Radiant Security
$15M
San Francisco, CA-based provider of security operations solutions

Craft Ventures
Replit
$20M
San Francsico, CA-based online integrated development environment

Greenbacker Capital Management
Revolv
$25M
San Francisco, CA-based provider of electric commercial fleets

USVP, Norwest Venture Partners, InnovaHealth Partners, The Vertical Group
Route 92 Medical
$31M
San Mateo, CA-based maker of medical devices for neurovascular intervention

GoPoint Ventures
Spark Car Wash
$30M
Summit, NJ-based tech-enabled car wash operator

General Atlantic, Ally Bridge, Canvas Ventures, Hercules Capital
Vida Health
$28.5M
San Francisco, CA-based provider of virtual cardiometabolic services

November 22nd, 2023|Scherzer Deal Report|

The Scherzer Deal Report: November 6-10, 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

01 Advisors
$395M
Third fund

Bison Ventures
$135M
Debut fund

Harvest Partners
$5.34B
Ninth fund

IBM
$500M
VC fund focused on generative AI startups.

Jefferies
$2.1B
Second private credit fund

Kennedy Lewis
$4.1B
Third opportunistic private credit fund

KKR
$2.8B
Second global impact fund

Private Equity Deals

Brentwood Associates, Sixth Street
Far West Services
Undisclosed amount
Costa Mesa, CA-based franchisee of Wingstop restaurants

Core Industrial Partners
General Converting
Undisclosed amount
Bolingbrook, IL-based maker of folding cartons for food, confectionary and consumer brands

RidgeLake Partners
Gridiron Capital
Undisclosed amount
New Canaan, CT-private equity firm

Nordic Capital
IntegriChain
Undisclosed amount
Philadelphia, PA-based pharmaceutical tech company

TA Associates
KatRisk
Undisclosed amount
Berkeley, CA-based provider of catastrophe modeling software

Main Capital Partners
Lux Scientiae
Undisclosed amount
Boston, MA-based provider of health care communications and hosting tools

Francisco Partners, TPG
New Relic
Undisclosed amount
San Francisco, CA-based software observability company

Cathay Capital
Parkview Dental Partners
Undisclosed amount
Sarasota, FL-based Dental Service Organization (DSO)

MidOcean Partners
Smith System
Undisclosed amount
Arlington, TX-based provider of driver safety training

HCI Equity Partners
Tri-State Enterprises
Undisclosed amount
Fort Smith, AR-based warehouse distributor of automotive aftermarket parts

Charger Investment Partners
Unitech Composites
Undisclosed amount
Hayden, ID-based composite supplier to the aerospace and defense sectors.

Brookfield Renewable Partners, Cameco
Westinghouse Electric
$7.9B
Pittsburgh, PA-based nuclear power company

Venture Capital Deals

Menlo Ventures, Craft Ventures, Quiet Capital, Carta, Citi Ventures, GPS Investment Partners, Focus Financial Partners
Arch
$20M
New York, NY-based private investment management platform

Andreessen Horowitz, Oak HC/FT
Black Ore
$60M
Austin, TX-based AI platform for financial services

Vintage Investment Partners, Creandum, Uncorrelated Ventures
Cast AI
$35M
Miami, FL-based cloud spend optimization platform.

Menlo Ventures, F-Prime Capital, Eight Roads, Arkin Digital Health, SamsungNext, Ion
Eleos Health
$40M
Cambridge, MA-based provider of therapy voice analytics

Elevage Medical Technologies
Elucid
$80M
Boston, MA-based provider of imaging software for heart disease

Lightspeed Venture Partners, Menlo Ventures, Norwest Venture Partners, Insight Partners, Sierra Ventures
Enable
$120M
San Francisco, CA-based B2B rebate management platform

BVF Partners, RA Capital Management, OrbiMed
Forward Therapeutics
$50M
Palm Beach Gardens, FL-based biotech focused on chronic immunological and inflammatory disorders

Newlands, Blumberg Capital, Aspenwood Ventures, High Sage, Exponent
Kloudfuse
$23M
Cupertino, CA-based data observability startup

Stephane Bancel, Brentwood Associates
L-Nutra
$47M
Los Angeles, CA-based maker of longevity nutrition products

NTT Group, Toyota Ventures, Aioi Nissay Dowa Insurance Co., State Farm Ventures, BMW i Ventures, Cyrus Capital, Trucks VC
May Mobility
$105M
Ann Arbor, MI-based autonomous microtransit company

GM Ventures, Stellantis Ventures, Shakopee Mdewakanton Sioux Community, the University of Minnesota
Niron Magnetics
$33M
Minneapolis, MN-based developer of rare earth-free magnets for EVs

Longitude Capital, Enavate Sciences, Eli Lilly, Samsara BioCapital, NuevaBio
OrsoBio
$60M
Menlo Park, CA-based biotech focused on severe metabolic disorders

Wistron Corp., Honda Motor Co., GS Futures, Traxys North America, Greenland Technologies, Shell Ventures, WorldQuant Ventures
Princeton NuEnergy
$16M
Bordentown, NJ-based recycler of lithium-ion battery materials

QED Investors, Viola Group
Summer
$18M
New York, NY-based vacation home ownership platform

Sixth Street Growth, Wavecrest Growth Partners, Wells Fargo Strategic Capital
V olante Technologies
$66M
Jersey City, NJ-based cloud payments company

Nestlé
Wonder
$100M
New York, NY-based cloud kitchen and food delivery company

Hilco, Bezikian Zareh
Zelig
$15M
Los Angeles, CA-based provider of virtual try-on tech for luxury clothing retailers

November 15th, 2023|Scherzer Deal Report|

The Scherzer Deal Report: October 30-November 3, 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

Abingworth
$356M
New clinical co-development, co-investment fund

American Industrial Partners
$5B
Eighth fund

Ares Management
$6.6B
Second fund focused on private asset-based credit.

Bee Partners
$50M
Fourth fund

Brookfield Asset Management
$6B
Third infrastructure debt fund

KPS Capital Partners
$9.7B
Sixth flagship buyout fund and second mid-cap fund

Saothair Capital Partners
$125M
Debut fund

Sofinnova Partners
$200M
First digital medicine VC fund

Trivest
$1.3B
Latest fund

Private Equity Deals

TPG
Angelo Gordon
$2.7B
New York, NY-based alternative investment manager

TT Capital Partners
Cantata Health Solutions
Undisclosed amount
Lakeway, TX-based behavioral health EHR company

Core Industrial Partners
Century Box
Undisclosed amount
Methuen, MA-based provider of folding cartons for store-brand food and consumer products.

York Private Equity Partners
Comprehensive Rehab Consultants
Undisclosed amount
Chicago, IL-based provider of behavioral health services to skilled nursing facilities

Blue Owl Capital
Cowen Healthcare Investments
Undisclosed amount
New York, NY-based fund with mid-to-late-stage investments into innovative private biopharmaceutical and healthcare companies.

Bernhard Capital Partners
Entergy
$484M
New Orleans, LA-based gas distribution business

Mainsail Partners
LinenMaster
Undisclosed amount
Vero Beach, FL-based provider of software for commercial laundries

Apollo
Modern Aviation
Undisclosed amount
New York, NY-based network of fixed-based operator (FBO) properties

Greenbelt Capital Partners
Saber Power Services
Undisclosed amount
Rosharon, TX-based grid infrastructure company

Percheron Capital
SafeBasements
Undisclosed amount
Paynesville, MN-based provider of foundation repair and basement waterproofing services

Madison Dearborn Partners
Shaw Development
Undisclosed amount
Bonita Springs, FL-based maker of sensors and fluid management systems for diesel exhaust fluid applications

KKR
Simon & Schuster
$1.62B
New York, NY-based book publisher

Palladium Equity Partners
Source Logistics
Undisclosed amount
City of Industry, CA-based provider of logistics services to the consumer goods sector, with a focus on Hispanic food and beverage brands

Graycliff Partners
Xcel NDT
Undisclosed amount
Longview, TX-based non-destructive testing services provider for critical infrastructure

Venture Capital Deals

Google, Salesforce Ventures, Zoom Ventures, Spark Capital, Sam Bankman-Fried
Anthropic
$2B
San Francisco, CA-based generative AI startup

Sofinnova Partners, Triatomic Capital, Shakti
Betteromics
$20M
Redwood City, CA-based life science data platform

Spark Capital, Sequoia Capital, Amplify Partners, Mantis VC, Banana Capital
Chainguard
$61M
Kirkland, WA-based provider of software supply chain security

TTV Capital, FPV, Better Tomorrow Ventures
Charlie
$16M
Los Angeles, CA-based banking startup for people aged 62 and over.

Insight Partners
Covera Health
$50M
New York, NY-based patient care analytics startup focused on reducing medical errors.

Prosperity7 Ventures
Cowbell
$25M
Palo Alto, CA-based provider of cyber insurance for SMEs

Polaris Partners, Coronet Ventures, Seeds Capital, ClavystBio, Invus, EDBI
Engine Biosciences
$27M
Singapore and Silicon Valley-based digital drug discovery platform focused on cancer

Questa Capital, Alta Partners, Highmark Ventures, 653 Investment Partners
Free Market Health
$20M
Pittsburgh, PA-based specialty pharmacy tech provider

RET Ventures
Funnel Leasing
$32M
Tampa, FL-based provider of renter management software

Updata Partners
FusionAuth
$65M
Denver, CO-based provider of authentication and user management software for developers

Samsung Ventures, Asan Foundation, SCL Group and Ignite Innovation
Genome Insight
$23M
San Diego, CA-based precision medicine startup focused on cancer and rare diseases.

MVM Partners, Amzak Healthcare, Endeavour Vision, Kaiser Permanente Ventures, Runway Growth Capital, Bain Capital
Gynesonics
$42.5M
Redwood City, CA-based developer of minimally invasive uterine fibroid procedures

IP Investors
Imagine Pharma
$32.5M
Pittsburgh, PA-based developer of oral erythropoietin and GLP-1 receptor agonists

Just Climate, Galvanize Climate Solutions, NGP, Alliance Resource Partners, Rockwell Automation, Riverstone Holdings, Chevron Technology Ventures, Cottonwood Technology Fund, Ajax Strategies
Infinitum
$185M
Austin, TX-based maker of industrial motors

Citi Ventures, FirstMark Capital, New York Life Ventures, Fireside Investments, RET Ventures, Zigg Capital, Ribbit Capital
Kasa Living
$70M
San Francisco, CA-based provider of flexible accommodations for travelers

MM Investment, Shinhan Venture Investment, Korea Development Bank, KB Investment, IM Capital, Premier Partners
MangoBoost
$55M
Bellevue, WA-based developer of energy efficiency software for data centers

Trinity Capital
Neuros Medical
$25M
Aliso Viejo, CA-based medical device company focused on chronic post-amputation pain

Allstate, Allianz X
NEXT Insurance
$26M
Palo Alto, CA-based small business insurer

Felicis, Norwest Venture Partners, B Capital, XYZ Venture Capital
Oro Labs
$34M
Palo Alto, CA-based procurement management startup

Arthur Ventures
Payroll Integrations
$20M
Encinitas, CA-based SaaS for building financial wellness tools.

USIT, Riot Ventures, ARK Invest, Disruptive, Snowpoint
Shield AI
$200M
San Diego, CA-based developer of drone tech for the military

Nvidia, Capricorn, Honda Motor, Cubit Capital, True Ventures, SIP Global Partners, Porsche Automobil Holding SE, Denso Global, General Motors Ventures, Maniv Mobility, Xerox Venture
Seurat
$99M
Wilmington, MA-based 3D metal printing startup

Material Impact, Xora Innovation, Cavallo Ventures, Rice Investment Group
Talus Renewables
$22M
Austin, TX-based developer of modular green ammonia systems

Synthesis Capital
Triplebar
$20M
Emeryville, CA-based developer of protein cultivation tech

Piva Capital, March Capital, SCF Partners, Overture Climate Fund, Valor Equity Partners, Chevron Technology Ventures, Science Applications International
Xage Security
$20M
Palo Alto, CA-based provider of network intrusion security software

November 8th, 2023|Scherzer Deal Report|

Reminder about New Requirements for California Employers When Considering Criminal History in Employment Decisions

What is this about:

The California Fair Chance Act requires employers to make a conditional offer of employment before considering an applicant’s criminal history. On October 1, 2023, new regulations by the California Civil Rights Department went into effect regarding how employers can use information about an applicant’s criminal history to rescind a conditional offer.

Effective date:

October 1, 2023

What this means:

Before a conditional offer can be rescinded, a California employer must perform an individualized assessment as to whether the applicant’s criminal history “has a direct and adverse relationship with the specific duties of the job that justify denying the applicant the position.” (California Code of Regulations Section 11017.1(c)(1)).

The specific requirements for the individualized assessment must include, at a minimum, consideration of the following factors: •     the nature and gravity of the offense or conduct;
•     the time that has passed since the offense or conduct occurred or the completion of the sentence;
•     the nature of the job held or sought.

If, after the individualized assessment, the employer makes a preliminary decision to revoke the conditional offer, the employer must notify the applicant in writing of the preliminary decision. The notice (which can be part of the pre-adverse action notice) must include all the following information:

•     the conviction(s) that were the basis for the preliminary decision;
•     a copy of the information relied on for the decision;
•     statement that the applicant or their representative has the right (but is not required) to respond before the decision becomes final, including challenging the information’s accuracy and submitting evidence of rehabilitation or mitigating circumstances;
•     the deadline to respond (no less than five business days after receipt of the notice, and email notice is considered received two business days after it is sent).

If the applicant timely notifies the employer in writing that additional time is needed to respond, the applicant must be given at least five additional business days to respond to the notice before the employer’s preliminary decision becomes final.

The new regulations also expressly prohibit employers from (1) mandating that the applicant respond to the notice or provide information or (2) refusing to consider any information provided by the applicant. The employer must notify the applicant in writing of any final decision to rescind the offer and include information regarding available procedures to challenge the decision and the right to contest the decision by filing a complaint with the California Civil Rights Department.

Why this matters:

Violations of the new regulations can result in damages for failure to consider the new criminal evaluation factors, including back pay, front pay, and hiring or reinstatement.

What else still matters:

City of Los Angeles Fair Chance Initiative for Hiring Ordinance (FCIHO)

•     The FCIHO applies broadly to businesses in the city that employ at least 10 people, with certain exceptions.
•     Employers may not ask about an applicant’s record until a conditional offer of employment has been extended.
•     After learning of an applicant’s record, employers must perform an individualized assessment and consider factors including (i) the age of the offense, (ii) the nature of the offense, and (iii) specific duties of the job sought. Written notice must be provided to applicants.
•     The ordinance provides aggrieved job applicants a private right of action.

City & County of San Francisco Fair Chance Ordinance (FCO)

•     The FCO applies to employers with 5 or more employees worldwide and all City contractors, subcontractors, and leaseholders.
•     Employers may not conduct a background check or ask about criminal records until after making a conditional offer of employment.
•     After learning of an applicant’s record, an employer shall conduct an individualized assessment, considering only (i) directly related convictions, (ii) the time that has elapsed since the conviction or unresolved arrest, and (iii) any evidence of inaccuracy or evidence of rehabilitation or other mitigating factors.
•     The employer must provide the applicant with a copy of the FCO Notice and background check report. The applicant has seven days to respond for the purpose of correcting the record, providing evidence of rehabilitation, or any other mitigating factors.
•     Applicants may bring a civil action against the employer or other person violating this FCO.

Best practices:

California state law, the FCIHO, and FCO all require employers to make a conditional offer of employment before considering an applicant’s criminal history. As a best practice, employers should consider using a two-step process when obtaining a background check report. The first step involves obtaining all non-criminal checks, such as a review of the applicant’s employment and educational history. The second step involves obtaining the applicant’s criminal record history after a conditional offer of employment is made.

Several other cities and Hawaii have enacted “ban-the-box” or “fair chance laws” that require a conditional offer of employment be made to applicants before a criminal background check can be made.

How SI can help:

Experienced in preparing background check reports using a two-step process, SI makes the process seamless. We can also provide sample adverse action notices and other guidance.

Disclaimer: This communication is for general informational purposes only and does not constitute legal advice. No recipient should act or refrain from acting based on any information provided here without advice from a qualified attorney licensed in the applicable jurisdiction.

November 1st, 2023|Compliance Corner, Employment Decisions|

The Scherzer Deal Report: October 23-27, 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

Flourish Ventures
$350M
New commitments to evergreen fund

Garuda Ventures
$31M
New seed and pre-seed firm that will back B2B-focused software startups

Graycliff Partners
$600M
Fifth midmarket PE fund

Gridiron Capital
$2.1B
Fifth fund

OrbiMed
4.9B
Ninth flagship healthcare VC fund, its fifth Asia-focused fund and its fourth royalties and credit opportunities fund

Pfingsten
$435M
Sixth fund

RevRoad Capital
$61M
Debut fund

Shield Capital
$186M
Debut fund

The House Fund
$115M
Third fund

Veriten
$85M
First private investment fund

Wellington Management
$150M
First early-stage VC fund

Private Equity Deals

Lovell Minnick Partners
ACU-Serve
Undisclosed amount
Akron, OH-based provider of revenue cycle management solutions for post-acute health care providers

PSG
AirWorks
Undisclosed amount
Boston, MA-based provider of geospatial data processing and analytics.

Stonepeak
Akumin
Undisclosed amount
Plantation, FL-baserd outsourced provider of diagnostic imaging services

Wind Point Partners
Central Moloney
Undisclosed amount
Pine Bluff, AR-based maker of infrastructure products for the U.S. electrical grid

Align Capital Partners
Counsel Press
Undisclosed amount
New York, NY-based legal process outsourcing provider focused on appellate services.

Nexus Capital Management
Dollar Shave Club
Undisclosed amount
Venice, CA-based razor club

Vista Equity Partners
EngageSmart
circa $4B
Braintree, MA-based provider of customer engagement and payments software

GCM Grosvenor
Excolere
Undisclosed amount
Los Angeles, CA-based private equity firm focused on the education and human capital management sectors

Pearl Street Equity
Famous Brands International
Undisclosed amount
Salt Lake City, UT-based parent company of Mrs. Fields and TCBY

Latticework Capital Management
Institutes of Health
Undisclosed amount
San Diego, CA-based multi-disciplinary workers’ compensation treatment provider

Sixth Street
Keyfactor
$500M
Independence, OH-based PKI and machine identity management company

Sun Capital Partners
Kovalus
Undisclosed amount
Wilmington, MA-based maker of filtration membranes

Ridgemont Equity Partners
National Power
Undisclosed amount
Raleigh, NC-based provider of power reliability and resilience solutions

Redwood Holdings
Newly Weds Foods
Undisclosed amount
Chicago, IL-based food distributor

Charlesbank Capital Partners
Petra
Undisclosed amount
San Francisco, CA-based fund administrator for private investment firms

WestView Capital Partners
Roko Labs
Undisclosed amount
New York, NY-based custom software development firm

Performant Capital
SquadUP
Undisclosed amount
Los Angeles, CA-based provider of ticketing, event management, and audience management solutions

Macquarie
SwyftFiber
$275M
Milan, TN-based provider of fiber internet services

Venture Capital Deals

Spark Capital
Abridge
$30M
Pittsburgh, PA-based clinical documentation platform

SYN Ventures, First In Ventures, Washington Harbour Partners, BankTech Ventures
Adlumin
$70M
Washington, DC-based managed detection and response platform

Craft Ventures, Valor Equity Partners
AgentSync
$50M
Denver, CO-based provider of compliance software for insurers

Bain Capital Ventures, YC, Khosla Ventures, Picus Capital
Aleph
$16.7M
New York, NY-based financial data repository

GGV Capital U.S., Illuminate Financial, Information Venture Partners, BDC Capital, Citi
Arteria AI
$30M
New York, NY-based developer of documentation infrastructure for institutional finance.

Decibel Partners, GV, Greylock, Intel Capital, Ascension Ventures, Four Rivers, Hamilton Lane
Censys
$50M
Ann Arbor, MI-based threat hunting and exposure management startup

Telstra Ventures, KPMG, SYN Ventures
Cranium
$25M
Short Hills, NJ-based AI security and trust software startup spun out of KPMG

L’Oréal
Debut
$40M
San Diego, CA-based developer of sustainable solutions for fragrance brands

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

Flare Capital Partners, LRVHealth, Health Velocity Capital, Martin Ventures, Optum Ventures
Greater Good
$20M
El Segundo, CA-based provider of primary care for senior

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

Koch Real Estate Investments, Accomplice, Insight Partners, Related
HqO
$50M
Boston, MA-based real estate experience platform

Prysm Capital, Canapi Ventures, Insight Partners, Stripes, Sequoia Capital, Cyberstarts, Georgian
Island
$100M
Dallas, TX-based maker of an enterprise internet browser.

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

Aquiline Capital Partners, Motley Fool Ventures, REV Venture Partners, Key Venture Partners, Quick Set, Brentwood Investments
LegalMation
$15M
Los Angeles, CA-based developer of generative AI solutions for high-volume litigation

IMM Investment, Shinhan Venture Investment, Korea Development Bank, KB Investment, IM Capital, Premier Partners
MangoBoost
$55M
Seattle, WA and Seoul-based data center optimization startup

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

AMD, KT, Smilegate Investment, and Forest Partners
Moreh
$22M
Santa Clara, CA And Seoul-based maker of software for creating and optimizing AI models

Polychain Capital, Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, Tess Ventures
Neon Machine
$20M
Seattle, WA-based developer of first-person shooter games

Lightspeed Venture Partners, General Catalyst, Valor Equity Par tners
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

Activate Capital, WIND Ventures, Avista Corp., Evergy Ventures, National Grid Partner, Congruent Ventures, Blue Bear Capital, HSBC
Omnidian
$25M
Seattle, WA-based provider of asset management software for commercial and residential solar,

Eclipse,Intel Capital, Riot Ventures, Counterpart Ventures, and Rally Ventures
Oxide Computer Co.
$44M
San Francisco, CA-based developer of on-premise cloud computers

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

NEA, Goldcrest, Floating Point
QuoteWell
$15M
Austin, TX-based commercial insurance wholesale brokerage

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

Maveron, Goldcrest Capital, Animo Ventures, Distributed Ventures
Sage
$15M
Melville, NY-based provider of elder care hardware and software

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

Cheyenne Ventures, GV, Dexcom Ventures, Samsung Next
Signos
$20M
Burlingame, CA-based metabolic health platform

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

Founders Fund, Khosla Ventures
Traba
$22M
Miami, FL-based light industrial staffing marketplace

Atlas Venture, Cormorant Asset Management, OrbiMed, Viking Global, Invus, Polaris Partners, Alexandria Venture Investments
Triveni Bio
$92M
Waltham, MA-based developer of antibodies for treating I&I disorders

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

November 1st, 2023|Scherzer Deal Report|

Monthly Archives: November 2023

The Scherzer Deal Report: November 20-24, 2023

Fundraising for PE & VC Funds

Private Equity Deals

Venture Capital Deals

The Scherzer Deal Report: November 13-17, 2023

Fundraising for PE & VC Funds

Private Equity Deals

Venture Capital Deals

The Scherzer Deal Report: November 6-10, 2023

Fundraising for PE & VC Funds

Private Equity Deals

Venture Capital Deals

The Scherzer Deal Report: October 30-November 3, 2023

Fundraising for PE & VC Funds

Private Equity Deals

Venture Capital Deals

Reminder about New Requirements for California Employers When Considering Criminal History in Employment Decisions

The Scherzer Deal Report: October 23-27, 2023

Fundraising for PE & VC Funds

Private Equity Deals

Venture Capital Deals