The Scherzer Deal Report: December 4-8, 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
Ares Management
$3.3B
Real estate secondaries fund
Canapi Ventures
$750M
Second set of funds
Circulate Capital
$76M
Second fund
Intuitive Ventures
$150M
Second fund
Morgan Stanley
$1.2B
Growth and credit funds
Zelda Ventures
$33M
Debut fund
Private Equity Deals
Constellation Wealth Capital
AlphaCore Wealth Advisory
Undisclosed amount
La Jolla, CA-based RIA focused on alt assets
Ares Management
Burnham RNG
Undisclosed amount
Arlington, VA-based developer and owner of waste management and anaerobic digestion biogas project
The Riverside Co.
busybusy
Undisclosed amount
St. George, UT-based provider of time-tracking software for construction and other remote industries
Capitol Meridian Partners
Clarity Innovations
Undisclosed amount
Columbia, MD-based provider of data and cyber analytics solutions to the U.S. national security community
H.I.G. Capital
Mainline Information Systems
Undisclosed amount
Tallahassee, FL-based IT solutions provider
Hudson Hill Capital
MarketTime
Undisclosed amount
Dallas, TX-based provider of wholesale retail commerce SaaS.
Blackstone
Power Grid Components
Undisclosed amount
Bessemer, AL-based maker of electrical substation parts
Resurgens Technology Partners
Valant Medical Solutions
Undisclosed amount
Seattle, WA-based provider of EHR and practice management SaaS
Venture Capital Deals
FMC Ventures, Lewis and Clark AgriFood, Ospraie Ag Science, Bidra Ventures, Cavallo Ventures
AgroSpheres
$25M
Charlottesville, VA-based sustainable crop protection startup
A16z, Renegade Partners, Spark Capital, Bloomberg Beta
Air Space Intelligence
$34M
San Francisco, CA-based developer of AI-powered air operations systems
Toyota, Porsche, Asahi Kasei, RA Capital
AM Batteries
$30M
Chelmsford, MA-based battery equipment startup
HighlandX, NGP Capital, Ballistic Ventures, Sierra Ventures, Cervin Ventures
ArmorCode
$40M
Palo Alto, CA-based AppSecOps platform
Accel, Keith Block, Nat Friedman, Daniel Gross, Insight Partners, YC
AssemblyAI
$50M
San Francisco, CA-based audio intelligence API
Narya, 8090 Industries, Acequia Capital New Industrials, Porsche Ventures, Yamaha Motor Ventures, Toyota Ventures, Impatient Ventures
Atomic Industries
$17M
Cleveland Heights, OH-based tool and die-making automation startup
Top Tier Capital Partners, Durable Capital Partners
Center
$30M
Bellevue, WA-based expense and travel software maker
Castle Island Ventures, Amex Ventures, Airbus Ventures, Kleiner Perkins, 8VC
Dust Identity
$40M
Newton, MA-based product authentication startup that uses invisible diamond dust
VentureTech Alliance, RTX Ventures, ACVC Partners, Anzu Partners, Schams Ventures
EnCharge AI
$22.6M
Santa Clara, CA-based developer of AI-accelerating chips
USIT, Founders Fund
Gecko Robotics
$100M
Pittsburgh, PA-based maker of physical infrastructure inspection robots
Bain Capital Ventures, Bessemer Venture Partners, August Capital
MaintainX
$50M
San Francisco, CA-based business software startup
VoLo Earth Ventures, MassMutual, Caterpillar, Equinor Ventures
Nth Cycle
$44M
Beverly, MA-based recycling tech startup
Ascenta Capital, OrbiMed, SR One, General Catalyst, Foresite Capital, Woodline Partners, HBM Healthcare Investments, Colt Ventures, BlackMars Capital, T. Rowe Price, Catalio Capital Management, Walleye Capital, Alexandria Venture Investments, Racing Beach Ventures, Leerink Partners, Ab Magnitude Ventures, KB Investment, The Global BioAccess Fund
Odyssey Therapeutics
$101M
Boston, MA-based developer of precision immunomodulators and oncology medicines
IconiqGrowth, Blumberg Capital, Collaborative Fund, Hanaco Ventures, Lightspeed Venture Partners, The Founders Kitchen
Pontera
$60M
New York, NY-based wealth management startup
Greenoaks, Madrona, Accel, Cercano, Founders Co-op
Rhythms
$26M
San Francisco, CA-based enterprise productivity
Partners, General Purpose VC
Rohirrim
$15M
Reston, VA-based developer of domain-aware generative AI for the enterprise
Bessemer Venture Partners, Amgen Ventures, Codon Capital, Alexandria Venture Investments, Gaingels, GC&H, Timothy Springer, Lightspeed Venture Partners, Polaris Partners, Boxer Capital, GV, Samsara BioCapital
Seismic Therapeutic
$121M
Cambridge, MA-based immunology biotech
Gutter Capital, Watchung Capital
Simply Homes
$22M
Portland, ME-based single-family rental sourcing and underwriting platform
Fidelity, NEA, Drive Capital, Bond Capital
Vast Data
118M
New York, NY-based AI data platform company