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The Scherzer Deal Report: February 19-23, 2024

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

Bluestein Ventures
Chicago, IL
$45M
Third fund

Crow Holdings
Dallas, TX
$3.1B
Tenth fund

Hack VC
New York, NY
$150M
Debut fund

ORI Capital
$260M
Second fund

Private Equity Deals

Kinzie Capital
Arctic Industries
Undisclosed amount
Miami, FL-based maker of walk-in coolers and freezers

L Squared Capital Partners
BTX Precision
Undisclosed amount
Roll up of ERA Industries, Gen-El-Mec, and i3DMFG formed into a precision components business unit

Merit Capital Partners and P2G Capital
Circuit Check
Undisclosed amount
Maple Grove, MN-based maker of test systems and fixtures for the electronics market

Harwood Private Equity
Crest Foods
Undisclosed amount
Ashton, IL-based provider of dairy stabilizers and dry food products

Aquiline Capital Partners and Level Equity
DocuPhase
Undisclosed amount
Tampa, FL-based provider of accounting and finance process automation software

HGGC
Rimkus Consulting Group
Undisclosed amount
Houston, TX-based engineering and technical consulting firm

ABB
SEAM Group
Undisclosed amount
Beachwood, OH-based provider of holistic advisory, training and technology solutions

Nautic Partners
SurfacePrep
Undisclosed amount
Byron Center, MI-based distributor of surface enhancement solutions

Levine Leichtman Capital Partners
USA Water
Undisclosed amount
Houston, TX-based water and wastewater systems operator

Venture Capital Deals

Decarbonization Partners, The Nature Conservancy, GS Futures, and NextEra Energy Resources
Antora Energy
$150M
Sunnyvale, CA-based thermal battery startup.

Define Ventures, Frist Cressey Ventures, and GreyMatter
Blackbird Health
$17M
Pittsburgh, PA-based youth mental health provider

Sutter Hill Ventures, Index Ventures, Altimeter Capital, and NewView Capital
Clumio
$75M
Santa Clara, CA-based cloud data backup and recovery company

Blue Cloud Ventures, FirstMark Capital, Spring Capital, and 3L
Crisp
$20M
New York, NY-based collaborative commerce platform

Tusk Ventures, Nathan Rodland, Dara Khosrowshahi, Bill Capuzzi, Roger Ferguson Jr., and Ryan Tedder
Dub
$17M
New York, NY-based copy-trading startup

TomEnterprise Private AB, Green Sands Equity, Yu Galaxy, Cambium Capital, and Lockheed Martin Ventures
Elve
$15M
Davis, CA-based provider of millimeter wave amplifier tech

Conductive Ventures
Empowerly
$15M
San Francisco, CA-based personalized college and career guidance company

General Catalyst, Thrive Capital, GV, Salesforce Ventures, Vast Ventures, Box Group, and Atento Capital
Fabric
$60M
New York, NY-based health care management software developer

Deerfield Management, Droia Ventures, Galapagos, DCVC Bio, MPM Capital, and RA Capital Management
Frontier Medicines
$80M
South San Francisco, CA-based proteomics company

Mayfield, General Catalyst, and Detroit Ventures
Highway 9 Networks
$25M
Santa Clara, CA-based enterprise mobile networking company

Nat Friedman, Daniel Gross, CapitalG, and Elad Gil
Magic.dev
$117M
San Francisco, CA-based startup building an AI software engineer.

Nexus Venture Partners, Battery Ventures, and Vertex Ventures US
Orkes
$20M
Cupertino, CA-based devops startup

Revolution Ventures, Maverick Ventures, GV, Female Founders Fund, 8VC, Alumni Ventures, and Great Oaks
Oula
$28M
New York, NY-based maternity care clinic

Kleiner Perkins, Initialized Capital, Y Combinator, Felicis Ventures, and Altos Ventures
PermitFlow
$31M
San Jose, CA-based construction permitting automation startup

MonCap
Pozitivf
$20M
San Antonio, TX-based fertility clinic network

AI Ventures, AXA Venture Partners, Eldridge, and Moderne Ventures
Qloo
$25M
New York, NY-based culture trends analytics startup

Celesta Capital, GreatPoint Ventures, HSBC, and Tasaru Mobility Investments
Recogni
$102M
San Jose, CA-based company getting into the AI chip business

Lightstone Ventures, Sante Ventures, Deerfield Management, Genesis Capital, and Arboretum Ventures
Reprieve Cardiovascular
$42M
Milford, MA-based medical device company

Forgepoint Capital, Singtel Innov8, LDVP, and 5G Open Innovation Lab
Synadia Communications
$25M
San Mateo, CA-based open-source cloud tech company

The Scherzer Deal Report: February 12-16, 2024

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

Core Industrial Partners
$887M
Third fund ($685M), and a fund dedicated to industrial services companies ($202M)

RW3 Ventures
$60M
Debut fund

Private Equity Deals

Whistler Capital Partners
AmeriPro
Undisclosed amount
Atlanta, GA-based medical transportation and patient logistics company

Sixth Street Partners
Blue Stream Fiber
Undisclosed amount
Coral Springs, FL-based broadband provider 

GoDigital
Cinq Music
$250M
Los Angeles, CA-based music rights management firm

Comvest Partners
ClearOne Advantage
Undisclosed amount
Baltimore, MD-based provider of debt resolution services

Endeavour Capital and Greenbelt Capital Partners.
CTC Global
Undisclosed amount
Irvine, CA-based maker of conductor cores for high-voltage transmission cables

Global Infrastructure Partners
Eversource Energy
$1.1B
Boston, MA-based offshore wind projects

General Atlantic and Stone Point Capital
HireRight
Undisclosed amount
Nashville, TN-based provider of background screening services for employers

Venture Capital Deals

Amplify Partners, Tamarack Global, and First In Ventures
Antithesis
$47M
New York, NY-based autonomous software testing and debugging startup

Sofinnova Investments, Longitude Capital, RA Capital, Cormorant Asset Management, RTW Investments, SV Health Investors, OrbiMed Advisors, Sands Capital, Pivotal bioVenture Partners, Osage University Partners, Lilly Ventures, Amgen Ventures and a16z
BioAge Labs
$170M
Richmond, CA-based developer of anti-obesity therapies

General Catalyst, Rally Ventures, and Costanoa Ventures
Bugcrowd
$102M
San Francisco, CA-based crowdsourced bug bounty platform

Nyca Partners
Duetti
$15M
New York, NY-based music financing platform

Versant Ventures, MPM BioImpact, Decheng Capital, and Eli Lilly
Firefly Bio
$94M
Burlingame, CA-based biotech focused on protein degraders

Spark Capital and Pillar VC co-led, and were joined by Schneider Electric, Fifth Wall, Starwood Capital, Standard Investments, Home Depot, Ferguson, Simpson Strong-Tie, Mulhern+Kulp Engineering, Suffolk Technologies, RXR Realty, PSP Growth, Metaprop, SC Masterfund, and Carl Bass
Higharc
$53M
Durham, NC-based cloud platform for homebuilding operations,

BlackRock, Hartree Partners, DCVC, Climate Investment, and Energy Innovation Capital
Kairos Aerospace

$52M
Sunnyvale, CA-based methane leak detection startup.

GP Bullhound, 1941, Insight Partners, Velvet Sea Ventures, Space Capital, MDSV Capital, and Dylan Taylor’s AngelList syndicate
LeoLabs
$29M
Menlo Park, CA-based commercial catalog of objects in low-Earth orbit

Sam Altman, Lachy Groom, Sequoia, John Bicket, Sanjit Biswas, and Diane Greene
Meter
$35M
San Francisco, CA-based internet infrastructure startup

Nasdaq, BNP Paribas, DRW VC, UBS, and Wells Fargo
Nasdaq Private Market
$62.4M
New York, NY and San Francisco, CA-based provider of liquidity solutions to private companies

Chesapeake Energy, Arch Meredith, Helium-3 Ventures, Virya, Nabors Industries, and Ignis Energy
Sage Geosystems
$17M
Houston, TX-based developer of a geothermal system that stores and dispatches energy with pressurized water.

Redpoint Ventures, New York Life Ventures, Amplify Partners, Tiger Global, and XYZ Ventures
Scribe
$25M
San Francisco, CA-based platform for documenting and sharing business processes

Dementia Discovery Fund, Leaps by Bayer, and UPMC Enterprises
Sudo Biosciences
$30M
Carmel, IN-based developer of precision TYK2 inhibitors

The Scherzer Deal Report: February 5-9, 2024

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

Brookfield Asset Management
$10B
Second energy transition fund

Coalesce Capital
$900M
Debut fund

Encore Consumer Capital
$258M
Fourth fund

Northleaf Capital Partners
$212M
First direct growth equity fund

Scion Life Sciences
$310M
Debut fund

The Riverside Company
$235M
Second fund focused on small-cap B2B software companies.

Trinity Hunt Partners
$700M
Seventh fund

Voyager Ventures
$100M
Second fund

Wonder Ventures
$102M
Fourth pre-seed fund ($57M) and an opportunities fund ($45M)

Private Equity Deals

Hellman & Friedman and Valeas Capital Partners
Baker Tilly
Undisclosed amount
Chicago, IL-based advisory CPA firm

Investcorp
Banner Ridge Partners
Undisclosed amount
New York, NY-based private equity secondaries firm

Warburg Pincus
Bloomerang
Undisclosed amount
Indianapolis, IN-based provider of nonprofit donor management software

Thoma Bravo
Everbridge
$1.5B
Burlington, MA-based provider of critical event management and national public warning solutions.

Main Post Partners
Highland Arms Enterprises
Undisclosed amount
Lynnwood, WA-based franchisee operator of home services group

Braemont Capital
Loenbro
Undisclosed amount
Westminster, CO-based provider of services to the data center and infrastructure markets

Post Oak
Midway Energy Partners
Undisclosed amount
Permian Basin-focused E&P

Greater Sum Ventures
SOMA Global
Undisclosed amount
Tampa, FL-based provider of public safety management software.

Mainsail Partners
Teamfront
Undisclosed amount
San Clemente, CA-based provider of business management software and payments solutions

Venture Capital Deals

Shine Capital, Imaginary Ventures, Lerer Hippeau, and Red Sea Ventures
10Beauty
$17M
Burlington, MA-based maker of manicure robots

Centana Growth Partners
Adroit

$15M

Stamford, CT-based execution management system for OTC-heavy buy-side desks

NewVale Capital, Atlantic Bridge, Crosslink Capital, and Uncork Capital
Aizon
$20M

San Francisco, CA-based AI startup focused on pharma manufacturing

Kleiner Perkins, OpenAI Startup Fund, a16z, and Optum Ventures
Ambience Healthcare
$70M
San Francisco, CA-based AI operating system for health care organizations.

NextEra Energy, Safran Corporate Ventures, Shell Ventures, Envisioning Partners, and Rusheen Capital Management
Avnos
$36M
Los Angeles, CA-based hybrid direct air capture startup

Healthier Capital, FirstMark Capital, Allianz Life Ventures, the Schwarzman family, David Prior, Gaingels, Republic, Mana Ventures, Credo Ventures, Seedcamp, LDV Capital, Accomplice, Founders Future, Vlad Tenev, Anne Wojcicki, and Esther Dyson.
Ezra
$21M
New York, NY-based AI company focused on MRI imaging and cancer detection.

Matrix and Epic Ventures
Headlight
$18M
San Diego, CA-based mental health startup

Activate Capital
Kin
$15M
Chicago, IL-based D2C home insurer

Khosla Ventures, United Airlines Ventures, and Amazon’s climate fund
Koloma
$245M
Denver, CO-based geologic hydrogen startup

Viking Global, Cormorant, The Column Group, LYFE Capital, Schroders Capital, Willett Advisors, Ysios Capital Partners, Euclidean Capital, SymBiosis, Alexandria Venture Investments, Berkeley Frontier Fund, Sphera Biotech Master Fund, Spur Capital Partners, UCB Ventures, and UC Investments
Neurona Therapeutics
$120M
San Francisco, CA-based biotech focused on repairing dysfunctional neural circuits

Iconiq Growth, Frank Slootman, Amit Agarwal, and Summit Partners
NinjaOne
$213.5M
Austin, TX-based IT platform for endpoint visibility

Wesleyan Investment Foundation, Uncork, R7, and TheGP
Overflow
$20M
San Francisco, CA-based startup that helps charitable and faith-based organizations accept stock and crypto donations

Left Lane Capital, Adjacent, Adobe Ventures, Chad Hurley, and Shaun Maguire
Polycam
$18M
Altadena, CA-based 3D creation tools for smartphones

Syngenta Group Ventures, Commonfund, Highgate Private Equity, G2 Venture Partners, Anterra Capital, Astanor Ventures, Endeavor8, Avenue Venture Opportunities, Avenue Sustainable Solutions, and Red Bear Angels
ProducePay
$38M
Los Angeles, CA-based financing and marketplace platform for the fresh produce market.

Plural and Iconical
Starship Technologies
$90M
San Francisco, CA-based delivery robot developer

GV, Dream Sports, Wise Ventures, JDS Sports, Alumni Ventures, LeBron James, Drake, Maverick Carter, Main Street Advisors, and Haslam Sports Group
StatusPRO
$20M
Miami, FL-based sports tech and gaming company

Lupa Systems, Titletown Tech, IBM Ventures, and Booz Allen Hamilton
Synthetaic
$15M
Delafield, WI-based AI startup focused on discovering insights from images.

Altimeter Capital, Insight Partners, 8VC, DCVC, DCVC Bio, Radical Ventures, Wittington Ventures, Mubadala Capital, Epic Ventures, and Necessary VC
Unlearn
$50M
San Francisco, CA-based platform for creating “digital twins” of clinical trial participants

TVM Capital Life Science and Solas BioVentures
Vektor Medical
$16M
San Diego, CA-based maker of arrhythmia analysis tech

Smith Point Capital
Zededa
$72M
San Jose, CA-based edge management and orchestration startup

The Scherzer Deal Report: January 29-February 2, 2024

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

Acadian Ventures
$30M
Second fund

Charlesbank Capital Partners
$1.5B
Third credit opportunities fund

Generate Capital
$1.5B
Latest fund

KKR
$6.4B
Second Asia-Pacific infrastructure fund

KSL Partners
$3B
Continuation fund

PPM America
$660M
Eighth private equity co-investment fund

Ubiquity Ventures
$75M
Third fund

Uncorrelated Ventures
$315M
Latest fund

Private Equity Deals

Clearview Capital
AdCellerant
Undisclosed amount
Denver, CO-based digital marketing firm

Summit Partners
CollisionRight
Undisclosed amount
Cincinnati, OH-based provider of autobody repair services

Thompson Street Capital Partners and Cequel III
DDC Cabinet Technology
Undisclosed amount
San Diego, CA-based maker of data center cabinet and cooling solutions

Clayton, Dubilier & Rice
Foundation Building Materials
Undisclosed amount
Santa Ana, CA-based building products distributor

Bansk Group
No Man’s Land Foods
Undisclosed amount
St Boise City, OK-based meat snacks brand

Arcane Capital Partners
Petroflex North America
Undisclosed amount
Gainesville, TX-based maker of high-density polyethylene conduit and accessories

Charlesbank Capital Partners
Rise Growth Partners
$250M
Austin, TX-based “financial partner” for registered investment advisors

Venture Capital Deals

Venrock, ARCH Venture Partners, IVP, Granite Capital Management, and Evidenced
Accompany Health
$56M
Bethesda, MD-based provider of health care services to low-income patients with complex needs

Lumira Ventures, Alpha Wave Ventures, Roche Venture Fund, Pfizer, Bristol Myers Squibb, Angelini Ventures, and the JDRF T1D Fund
Cour Pharmaceuticals
$105M
Skokie, IL-based biotech focused on autoimmune diseases.

Hanwha Impact, CPP Investments, Rivas Capital, NGS Super, State of Michigan Retirement System, Flagship Pioneering, and Roka Capital Management
Inari
$103M
Cambridge, MA-based gene editing startup for seeds

FTV Capital, Nvidia, Vistara Growth, Sweetwater PE, NextEquity, Nicola, and Beedi
Kore.ai
$150M
Orlando, FL-based enterprise conversational and generative AI startup

NEA, a16z, and General Catalyst
Metronome
$43M
San Francisco, CA-based provider of usage-based billing solutions for software companies

Redpoint Ventures, Alt Capital, Horsley Bridge, Activant Capital, and Transpose Platform Management
Owner.com
$33M
San Francisco, CA-based digital platform for independent restaurant owners

Intercap and Kleiner Perkins
Plex
$40M
Los Gatos, CA-based streaming media software provider

Coinbase Ventures, Arrington Capital, OKX Ventures, and Gate.io
Portal
$34M
San Francisco, CA-based decentralized exchange for trading bitcoin

Benchmark, Mayfield, and Canvas Ventures
Sema4.ai
$30.5M
Atlanta, GA-based an AI- and machine learning-driven patient-centered genomic and clinical data intelligence company

Next Coast Ventures
Vital Interaction
$15M
Austin, TX-based provider of health care business intelligence and workflow automation software

Greenoaks, Kleiner Perkins, Sequoia Capital, Elad Gil, Emerson Collective, and Galvanize Climate Solutions
Watershed
$100M
San Francisco, CA-based enterprise sustainability platform

GIC, Climate Investment, Sequoia Capital, and SoftBan
Zum
$140M
Redwood City, CA-based school bus operator

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