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