Monthly Archives: March 2024

The Scherzer Deal Report: March 18-22, 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

Acre Venture Partners
$140M
Third fund

B Capital
$750M
Second VC opportunities fund
 
Comvest Partners
$881M
Sixth private equity fund

IVP
$1.6B
18th flagship VC fund

Silence
$35M
Debut fund

Zero Prime Ventures
$48M
Second fund

Private Equity Deals

Rubicon Technology Partners
Ascend Analytics
Undisclosed amount
Boulder, CO-based provider of energy transition analytics

KKR
Avantus
Undisclosed amount
Los Angeles, CA-based developer of utility-scale solar and solar-plus-storage projects

Allied Industrial Partners
Celebrity Coaches
Undisclosed amount
Tupelo, MI-based provider of transportation and logistics for the live events and entertainment sectors

Trinity Hunt Partners
Coker Group
Undisclosed amount
Alpharetta, GA-based health care advisory firm.

New Mountain Capital
Grant Thornton
Undisclosed amount
Chicago, IL-based auditing firm

Francisco Partners
Jama Software
Undisclosed amount
Portland, OR-based enterprise product development platform

Regal Healthcare Capital Partners
Lightfully
$50M
Thousand Oaks, CA-based behavioral health services provider

PSG
Packback
Undisclosed amount
Chicago, IL-based AI-enabled student writing and discussion platform

Waud Capital Partners
Senior Helpers
Undisclosed amount
Charlotte, NC-based provider of home care and wellness offerings for seniors

NewSpring
Shake Smart
Undisclosed amount
San Luis Obispo, CA-based fast casual protein shake chain.

Greater Sum Ventures
Strax
Undisclosed amount
Boca Raton, FL-based provider of sensor fusion and collaboration software

Platinum Equity
TAK Communications
Undisclosed amount
Sioux Falls, SD-based provider of communications and broadband infrastructure services

Venture Capital Deals

Riverwood Capital, Silver Lake Waterman, and Advent International
BigID
$60M
New York, NY-based data security company

B Capital and USVP
Carlsmed
$52.5M
Carlsbad, CA-based developer of personalized spine surgery tech

F-Prime Capital, Forbion, Norwest Venture Partners, RiverVest Venture Partners, Red Tree Venture Capital, Abrdn, Ysios Capital, Longwood Fund, Eight Roads Ventures, and Pivotal Life Sciences
Engrail Therapeutics
$157M
San Diego, CA-based precision neuroscience startup

Jump Crypto, Pantera Capital, and Lightspeed Faction
Figure Markets
$60M
San Francisco, CA-based decentralized crypto exchange

Pritzker Group VC, Tribeca Venture Partners, Bessemer Venture Partners, Interplay Venture Capital, FJ Labs, HPA, Bridge Ventures, Correlation Ventures, Forefront Venture Partners, and Gaingels
Fuel Me
$18M
Chicago, IL-based fuel procurement platform

Premji Invest, General Catalyst, SV Angel, Memorial Hermann Health System, a16z, Cincinnati Children’s, WellSpan Health, and Universal Health Services
Hippocratic AI
$53M
Palo Alto, CA-based developer of an LLM for health care

Bain Capital Ventures, Khosla Ventures, First Round Capital, Box Group, Collaborative Fund, Quiet Capital, and Todd & Rahul’s Angel Fund
Loyal
$45M
San Francisco, CA-based developer of longevity drugs for dogs

Arch Venture Partners, OrbiMed, Fairmount, Fidelity, Point72, Farallon Capital Management, Boxer Capital, TCGX, Invus, Logos Capital, Moore Strategic Ventures, Blue Owl, Sanofi Ventures, Woodline Partners, Venrock, RTW Investments, and Alexandria Venture Investments
Mirador Therapeutics
$400M+
San Diego, CA-based developer of precision medicines for inflammatory and fibrotic diseases

Revolution Growth, Proof, Sentinel Global, Playground Global, Prologis Ventures, Bow Capital, Telstra Ventures, AME Cloud Ventures, and Schematic Ventures
Pandion
$41.5M
San Francisco, CA-based residential parcel delivery startup.

NEA, GV, Accel, Bain Capital Ventures, Forerunner, Alpine and Harmony, and Watar Partners
Wonder
$700M
New York, NY-based food delivery platform

March 27th, 2024|Scherzer Deal Report|

The Scherzer Deal Report: March 11-15, 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

Ballistic Ventures
$360M
Second fund

Fulcrum Equity Partners
$372M
Fifth fund

Gauge Capital
$1.4B
Fourth fund

GoldenTree Asset Management
$1.35B
Private credit fund

KSL Capital Partners
$2B
Sixth fund

Private Equity Deals

Sixth Street Partners, KKR, Bayview, and Card
WorksGreenSky
Undisclosed amount
Atlanta, GA-based installment lending platform

Bharcap Partners
Insurvia
Undisclosed amount
Las Vegas, NV-based insurer focused on the Hispanic market.

MiddleGround Capital
L. S. Starretc
$113M
Athol, MA-based maker of precision tools and cutting equipment.

Patient Square Capital
NanoString
Undisclosed amount
Seattle, WA-based life sciences tool developer

Nordic Capital
One
Undisclosed amount
Folsom, CA-based digital payments platform for insurers HCAP

Partners
PAX Health
Undisclosed amount
San Diego, CA-based 
HCAP Partners acquired four behavioral health businesses in the Northeastern U.S. to form a new company.

TA Associates
PowerGem
Undisclosed amount
Clifton Park, NY-based provider of simulation software for the electric power industry

Frazier Healthcare Partners, NEA, and 22C Capital
RevSpring
Undisclosed amount
Nashville, TN-based provider of billing and communications services to health care and financial services companies.

Stride Consumer Partners
Serenity Kids
$52M
Austin, TX-based shelf-stable pouched baby food brand

Venture Capital Deals

Sixth Street Partners, KKR, Bayview, and CardWorks
GreenSky

Undisclosed amount
Atlanta, GA-based installment lending platform

Bharcap Partners
Insurvia
Undisclosed amount
Las Vegas, NV-based insurer focused on the Hispanic market.

MiddleGround Capital
L. S. Starretc
$113M
Athol, MA-based maker of precision tools and cutting equipment.

Patient Square Capital
NanoString
Undisclosed amount
Seattle, WA-based life sciences tool developer

Nordic Capital
One
Undisclosed amount
Folsom, CA-based digital payments platform for insurers HCAP

Partners
PAX Health
Undisclosed amount
San Diego, CA-based 
HCAP Partners acquired four behavioral health businesses in the Northeastern U.S. to form a new company.

TA Associates
PowerGem
Undisclosed amount
Clifton Park, NY-based provider of simulation software for the electric power industry

Frazier Healthcare Partners, NEA, and 22C Capital
RevSpring
Undisclosed amount
Nashville, TN-based provider of billing and communications services to health care and financial services companies.

Stride Consumer Partners
Serenity Kids
$52M
Austin, TX-based shelf-stable pouched baby food brand

March 20th, 2024|Scherzer Deal Report|

The Scherzer Deal Report: March 4-8, 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

Artemis
$36M
Second fund

Capitol Meridian Partners
$900M
Debut fund

Commerce Ventures
$150M
Fifth fund

EQT
$3.3B
Long-hold impact investing fund

Fathom Fund
$100M+
Debut fund

Prudence
$80M
Third fund

Riverarch Equity Partners
$1B
Fourth fund

Silas Capital
$150M
Second consumer growth fund

Private Equity Deals

L Catterton
AmaWaterways
Undisclosed amount
Calabasas, CA-based luxury river cruise line

Keystone Capital
Barkley and OKRP
Undisclosed amount
Merger of consumer marketing firms

AE Industrial Partners
Calca Solutions
Undisclosed amount
Lake Charles, LA-based maker of hydrazine

Charlesbank Capital Partners
EverDriven Technologies
Undisclosed amount
Greenwood Village, CO-based alternative student transportation platform

Carousel Capital
O.R. Colan Associates
Undisclosed amount
Charlotte, NC-based provider of right-of-way services and land management solutions

Lee Equity Partners
PCS Retirement
Undisclosed amount
Philadelphia, PA-based retirement plan recordkeeper

Luxium Solutions
PLX and PLX UK
Undisclosed amount
Deer Park, NY-based designer and manufacturer of optical products for defense and aerospace

Venture Capital Deals

Rockefeller Capital Management, Bain Capital Ventures, Signal
Fire, and Checkr
Argyle
$30M
New York, NY-based provider of income and employment data

IVP, Spark Capital, Greylock, South Park Commons, Lachy Groom, and Base Case
Baseten
$40M
San Francisco, CA-based machine learning infrastructure startup

Next Coast Ventures, S3 Ventures, and UPMC Enterprises
BrainCheck
$15M
Austin, TX-based cognitive health assessment startup

Centana Growth Partners
Cayosoft
$22.5M
Columbus, OH-based Microsoft Active Directory management firm

Delta-v Capital, AllianceBernstein, Standard Investments, Toshiba Digital Solutions, SE Ventures, Rockwell Automation, and SVB
Claroty
$100M
New York, NY-based cyber-physical systems protection provider

Sapphire Ventures and Ansa Capital
Defense Unicorns
$35M
Colorado Springs, CO-based provider of continuous delivery software for national security systems.

CapitalG
DTEX Systems
$50M
San Jose, CA-based insider risk management company

ARCH Venture Partners, Fidelity Management & Research Company, GV, Cormorant Asset Management, RA Capital, General Catalyst, and Alex Gorsky
FogPharma
$145M
Cambridge, MA-based oncology startup

Fin Capital, Glilot Capital Partners, Group11, and TriNet
Healthee
$32M
New York, NY-based health benefits startup

Cerberus Capital Management
Maybell Quantum
$25M
Denver, CO-based quantum infrastructure developer

Base10 Partners, Digitalis Ventures, Conductive Ventures, and Uphonest Capital
Moego
$24M
Los Angeles, CA-based payments and scheduling software company for pet groomers

B Capital
Nalu Medical
$20M
Carlsbad, CA-based developer of miniature neurostimulation devices

Cota Capital, GM Ventures, and RTX Ventures
Neural Propulsion Systems
$17.5M
Pleasanton, CA-based software-defined radar startup

March Capital, General Catalyst, Insight Partners, E14 Fund, Crosslink Capital, Spring Rock Capital, Liquid 2 Ventures, Harmonic Growth Partners, and the American Dental Association
Overjet
$53.2M
Boston, MA-based dental provider support startup

Powerhouse Capital and the PGA Tour
Pro Shop
$19.25M
Golf media and commerce startup.

BlackRockRapid
SOS
$75M
New York, NY-based emergency response data platform

Ballistic Ventures and Artisanal Ventures
Reach Security
$20M
Sunnyvale, CA-based startup that helps companies get more value out of existing cybersecurity tools.

Octopus Ventures, QED, Mouro Capital, and Counterpart Ventures
Remofirst
$25M
San Francisco, CA-based HR tech startup

Lightspeed, Fin Capital, Naventures, Diagram, Banco Popular, and Mana Ventures
Synctera
$18.6M
San Francisco, CA-based banking-as-a-service startup

Base10 Partners, Anthos Capital, Tech Operators, and StoneMill Ventures
Todyl
$50M
Denver, CO-based modular cybersecurity startup

Upload Ventures, Quiet Capital, and Pear Ventures
Topsort
$20M
San Francisco, CA-based adtech startup

March 14th, 2024|Scherzer Deal Report|

The Scherzer Deal Report: February 26-March 1, 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

Chipotle
$50M
Corporate VC fund

COTU Ventures
$54M
Debut fund

Inspired Capital
$330M
Third fund

Ocean Avenue Capital Partners
$600M
Fifth fund

Renovus Capital Partners
$325M
Multi-asset continuation fund

Zacuna Ventures
$56M
Debut fund

Private Equity Deals

GTCR and Avryo Health
7to7 Dental
Undisclosed amount
San Antonio, TX-based dental service organization

Bow River Capital
Accelo
Undisclosed amount
Denver, CO-based provider of professional services automation software.

Nordic Capital
ActiveViam
Undisclosed amount
New York, NY-based provider of banking software

Thomas H. Lee Partners
Agiliti
c. $2.5B
Minneapolis, MN-based provider of health care tech management and services

Argosy Healthcare Partners
Command Medical Products
Undisclosed amount
Ormond Beach, FL-based manufacturer single-use medical devices

Thoma Bravo
Everbridge
$1.8B
Burlington, MA-based provider of critical event management and national public warning software

Summit Partners
Insurcomm
Undisclosed amount
Portland, ME-based provider of commercial and residential restoration services

Bridgepoint
RoC Skincarec
$500M
New York, NY-based anti-aging skincare brand

Blackstone
Rover
$2.3B
Seattle, WA-based pet walking and sitting marketplace

Leeds Equity Partners
TouchMath
Undisclosed amountColorado Springs, CO-based provider of supplemental math curriculum

Venture Capital Deals

Lightspeed, Redpoint Ventures, CVS Health Ventures, Spark Capital, USV, Bessemer Venture Partners, and Wittington Ventures
Abridge
$150M
Pittsburgh, PA-based clinical documentation startup

Founders Fund, Dragonfly, SevenX Ventures, Figment Capital, and Nomad Capital
Avail
$27M
Chicago, IL-based modular blockchain project that spun out of Polygon

Leavitt Equity Partners
B.well
$40M
Baltimore, MD-based patient engagement and health data platform

Bezos Expeditions, Nvidia, OpenAI, Parkway VC, Align Ventures, Intel Capital, and ARK Invest
Figure
$675M
Sunnyvale, CA-based maker of humanoid robots.

Nextech Invest, RA Capital Management, Rock Springs Capital, General Catalyst, Marshall Wace, Samsara Biocapital, Foresite Capital, Symbiosis, Catalio Capital Management, Sixty Degree Capital, and former J&J CEO Alex Gorsky
FogPharma
$145M
Cambridge, MA-based biotech

Kleiner Perkins, Lightspeed, Sequoia Capital, Coatue, Iconiq Growth, IVP, Latitude Capital, Adams Street, Capital One Ventures, Citi, Databricks Ventures, Workday Ventures, and General Catalyst
Glean
$200M
Palo Alto, CA-based AI enterprise search startup

Khosla Ventures, NEA, Kleiner Perkins, and Redalpine
Inkitt
$37M
New York, NY-based self-publishing platform

Lightspeed, Insight Partners, Point Nine, and Air Street Capital
Intenseye
$61M
New York, NY-based provider of workplace safety software

Alaska Permanent Fund, Cure Ventures, The Column Group, Euclidean Capital, and Saisei Ventures
Kenai Therapeutics
$82M
San Diego, CA-based developer of a dopamine neuron progenitor targeting Parkinson’s Disease

Polaris Partners, Arch Venture Partners, Exor Ventures, and Collaborative Fund
Matter Neuroscience
$26M
New York, NY-based mobile app for happiness

NTT, Bloom8, McWin Capital Partners, Mizuho Bank, Mitsubishi Shokuhin Co., JICN, and Yaskawa Electric
Oishii
$134M
Jersey City, NJ-based vertical grower of strawberries and tomatoes

Bond, Abstract Ventures, Michael Ovitz’s Crossbeam Ventures, SKIMS co-founders Emma and Jens Grede
Passes
$40M
Los Angeles, CA-based creator platform for super fans

GV, Main Street Advisors, Visionary Ventures, and YK BioVentures
Pelage Pharmaceuticals
$17M
Los Angeles, CA-based developer of hair loss treatments

Trousdale Ventures, UP.Partners, R7, Yamaha Motor Ventures
Range Energy
$23.5M
Mountain View, CA-based maker of battery-propelled trucking trailers

March 6th, 2024|Scherzer Deal Report|
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