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The Scherzer Deal Report: July 22-26, 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.

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Fundraising for PE & VC Funds

Agellus Capital
$400M
Debut fund

Bregal Sagemount
$500M
First small-cap fund

H/L Ventures’ CityRock
$24M
Second fund

Iconiq Capital
$5.75B
Seventh growth fund

Liberty Mutual Strategic Ventures
$200M
Second venture fund

Private Equity Deals

Avance Investment Management
Alchemy Technology Group
Undisclosed amount
Houston, TX-based IT consulting and reseller firm

Morgan Stanley Capital Partners
American Restoration
Undisclosed amount
Irving, TX-based provider of residential and commercial property mitigation and restoration services

JMI Equity and Mainsail Partners
Fullbay
Undisclosed amount
Phoenix, AZ-based truck and trailer repair shop software company

KKR and Dragoneer
Instructure Holdings
$4.8B
Salt Lake City-UT based learning ecosystem

KKR
Marmic Fire & Safety
Undisclosed amount
Joplin, MO-based fire protection equipment inspection and maintenance specialist

TSG Consumer Partners
Summer Fridays
Undisclosed amount
Los Angeles, CA-based beauty company

Archrock
Total Operations and Product Services
$983M
Midland, TX-based provider of contract gas compression services

Venture Capital Deals

Fidelity
Applied Intuition
$300M+
Mountain View, CA-based autonomous driving simulation software startup

HighSage Ventures, Ridge Ventures, Amplify Partners, and PSL Ventures
Archera
$17M
Seattle, WA-based cloud cost management startup

a16z, BAM Elevate, Blackrock, Fidelity, and Baillie Gifford
Astranis
$200M
San Francisco, CA-based geostationary satellite maker

Founders Fund, Dragonfly, Sequoia Capital, Arkstream Capital, and Lattice
Caldera
$15M
San Francisco, CA-based blockchain developer tools startup

Redpoint Ventures, Lightspeed Venture Partners, IVP, Amplify, Mantis VC, Sequoia Capital, and Spark Capital
Chainguard
$140M
Kirkland, WA-based open-source security startup

Northwell Ventures, CU Healthcare Innovation Fund, Mayo Clinic, and Ochsner Ventures
Clarapath
$36M
Hawthorne, NY-based medical robotics company

PSP Investments, Cisco Systems, Fujitsu, AMD Ventures, and EDC
Cohere
$500M
San Francisco, CA and Toronto developer of large language models for the enterprise

Zurich Insurance Group
Cowbell
$60M
Pleasanton, CA-based provider of cyber insurance for small and medium-sized enterprises

Greylock Partners, Cyberstarts, Insight Partners, and Index Ventures
Dazz
$50M
Palo Alto, CA-based cybersecurity startup

BlackRock, Kayne Anderson Growth Capital and J.P. Morgan Asset Management
GeoWealth
$18M
Chicago, IL-based proprietary technology and turnkey asset management company

GV, OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil, and SV Angel
Harvey
$100M
San Francisco, CA-based AI legal tech startup

Spark Capital, Thrive Capital, Accel, a16z, and Forerunner Ventures
Headway
$100M
New York, NY-based startup linking people with in-network mental health providers

Coutts Agro, Systemiq Capital, Deere & Company, and Bison Ventures 
InnerPlant
$30M
Davis, CA-based crop monitoring tech company

Savant Growth, VantagePoint Capital Partners, Coller Capital, Hollyport Capital, Manulife Investment Management, and Achmea
IntelePeer
$140M
Dania Beach, FL-based customer service automation company

Andera Partners, Ally Bridge Group, Longitude Capital, Omega Funds, T. Rowe Price, Eventide Asset Management, and Gilmartin Capital
Kestra Medical Technologies
$196M
Kirkland, WA-based cardiac arrest monitoring company

Atomico, Citi Ventures, Dropbox Ventures, and redalpine
Lakera
$20M
San Francisco, CA-based generative AI security startup

Adams Street Partners, Cross Creek, Brightloop, Battery Ventures, and Eniac Ventures
Level AI
$39.4M
Mountain View, CA-based customer service task automation startup

Astanor and Foxconn
Monarch Tractor
$133M
Livermore, CA-based electric autonomous tractor startup

Pantera Capital, Makers Fund, Hashed, Collab+Currency, Sfermion, Mirana Ventures, Bitscale Capital, and Mantle EcoFund
NPC Labs
$18M
New York, NY-based blockchain-based gaming startup

Left Lane Capital, Smash Capital, Alpha Partners, Craft Ventures, and Neotribe Ventures
Pearl
$58M
Los Angeles, CA-based dental diagnosis startup

Goodwater Capital, FirstMark Capital, Company on Ventures, and Epic Ventures
Posh
$22M
New York, NY-based event management startup

Scale Venture Partners, Threshold Ventures, Venture for good, Inspired Capital, and Notation Capital
QA Wolf
$35M
Seattle, WA-based software debugging startup

Morris Industries, Cantor Fitzgerald, L.P. Deason Capital Services, Narya Capital, and other investors
Strive Enterprises
$30M
Columbus, OH-based financial services

Sequoia Capital, Growth Equity at Goldman Sachs Alternatives, JPMorgan, Atlassian Ventures, Craft Ventures, CrowdStrike Ventures, HubSpot Ventures, Workday Ventures and Y Combinator
Vanta
$150M
San Francisco, CA-based compliance and security software company

Cherryrock Capital, Newark venture partners, Citi Impact Fund, First Round Capital, Commerce Ventures, and Y Combinator
Vitable
$16M
Philadelphia, PA-based direct primary care company

The Scherzer Deal Report: July 15-19, 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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week.!

Fundraising for PE & VC Funds

CCMP Growth Advisors
$500M
Fourth fund

Graham Partners
$1.8B
Sixth fund

Kingswood
$1.5B
Third fund

Menlo Ventures
$100M
AI fund

Private Equity Deals

Blackstone and Madison Dearborn Partners
Air Control Concepts
Undisclosed amount
Norfolk, NY-based provider of services to commercial HVAC OEMs

Charlesbank Capital Partners
Aprio
Undisclosed amount
Atlanta, GA-based business advisory and accounting firm

H.I.G. Capital
Best Trash
Undisclosed amount
Richmond, TX-based provider of municipal solid waste collection and recycling

Sandbrook Capital and NGP Energy Capital
Cloverleaf Infrastructure
$300M
Houston developer of clean energy-based data centers

Marshall Wace and Baillie Gifford
Human Interest
$267M
San Francisco, CA-based 401(k) setup startup

Diversis Capital
Infotech
Undisclosed amount
Gainesville, FL-based provider of infrastructure construction software.

Carmelina Capital Partners
KVP International
Undisclosed amount
McKinney, TX-based provider of veterinary supplies

Thompson Street Capital Partners
National Arbitration & Mediation
Undisclosed amount
New York, NY-based provider of dispute resolution services.

Trivest Partners
Province
Undisclosed amount
Henderson, NV-based financial restructuring advisor

Apollo Global Management
The Travel Corporation
Undisclosed amount
Cypress, CA-based portfolio of 18 travel brands

I Squared Capital, Mubadala, and Qatar Investment Authority
Transportation Equipment Network
Undisclosed amount
Dublin-OH-based trailer lessor

Blackstone
Trystar
Undisclosed amount
Faribault, MN-based electrical equipment supplier for backup power systems

Warburg Pincus, Great Hill Partners, and Spectrum Equity
Varicent
Undisclosed amount
Toronto-based provider of sales performance management software

Banner Capital Management
Vision Graphics
Undisclosed amount
Salt Lake City, UT-based provider of print and display solutions

Venture Capital Deals

Emergence Capital, a16z, Definition, Exponent, 3kvc, Box Group, and Gokul Rajaram
Adaptive
$19M
Seattle, WA-based provider of workflow automation for construction financial management

Theory Ventures, Kleiner Perkins, and Amplify Partners
Allium
$16.5M
New York, NY-based blockchain enterprise data platform

Titanium Ventures, Picus Capital, RTP, and Bonfire
Alvys
$20.5M
Solana Beach, CA-based logistics operating platform

Emergence Capital, Arvadia Capital, Long Journey Ventures, Scott Banister, Flybridge, Centre Street Partners
Arcee AI
$24M
Miami, FL-based developer of small language model

Khosla Ventures, General Catalyst, Caffeinated Capital, Electric Capital, Founders Fund, and The General Partnership
Aven
$142M
San Francisco, CA-based provider of consumer credit cards backed by home equity

Ascenta Capital, Bain Capital, NEA, GV, Fidelity, Millennium Management, Farallon Capital Management, Invus, Blue Owl, Delos Capital, and Digitalis Ventures
Cardurion Pharmaceuticals
$260M
Burlington, MA-based developer of therapies for heart failure

Iconiq Growth, Thomvest, Accel, Insight Partners, Vesey Ventures, and Avid Ventures
Coast
$40M
New York, NY-based provider of fleet expense management

Lightspeed, Nventures, and YC
Exa
$17M
Burlington, MA-based developer of a “Google for AI”

Threshold
Freshpaint
$30M
San Francisco, CA-based health care privacy platform

USIT, 8VC, and SAIC
Halo Industries
$80M
Santa Clara, CA-based laser manufacturing tech platform for semiconductors

General Catalyst
Kandji
$100M
San Francisco, CA-based Apple endpoint management and security platform.

B Capital, Aster, Constellation, Google, Intercontinental Exchange, Microsoft’s Climate Innovation Fund, NGP, Prelude Ventures, and ZOMA Capital
LevelTen
$65M
Seattle, WA-based provider of transaction infrastructure for the energy transition

Luxembourg Future Fund 2
Lyten
$15.7M
San Jose, CA-based graphene and battery maker

Vertex Ventures HC, Treo Ventures, Windham Venture Partners, Action Potential Venture Capital, and Olympus Innovation Ventures
Neuspera Medical
$23M
San Jose, CA-based maker of implantable devices for bladder control

AXA IM Alts, Laerdal Million Lives Fund, Laborie, RH Capital, Avestria Ventures, and March of Dimes
Novocuff
$26M
Mountain View, CA-based developer of devices to decrease preterm births

Woodside Energy and CM Venture Capital
NovoNutrients
$18M
Sunnyvale, CA-based fermentation startup

Morgan Stanley Expansion Capital and Mucker Capital
Octagos Health
$43M
Houston, TX-based provider of cardiac device monitoring tools

Temasek, Eclipse, TDK Ventures, Lachy Groom, Tishman Speyer, TechEnergy Ventures, Doral Energy-Tech Ventures, and DETV-Scania Invest
Peak Energy
$55M
Denver, CO-based sodium-ion battery maker

Andreessen Horowitz
Saronic
$175M
Austin, TX-based maker of autonomous surface vehicles for the U.S. Navy

Frazier Life Sciences, Lightspeed, Willett Advisors, Omega Funds, Vida Ventures, Atlas Venture, Abingworth, Fidelity, Boxer Capital, EcoR1 Capital, Surveyor Capital, Invus, Wellington Management, Nextech Invest, OrbiMed, Logos Capital, Woodline Partners, and Casdin Capital
Scorpion Therapeutics
$150M
Boston, MA-based precision oncology company

JPMorgan, YC, Jack Altman and Max Altman
Slope
$65M
San Francisco, CA-based B2B payments platform

General Catalyst, Amazon Industrial Innovation Fund, and Samsung Next
Standard Bots
$63M
Cambridge, MA-based cybersecurity startup for Salesforce users

Dragoneer
Tekion
$200M
Pleasanton, CA-based cloud platform for auto retailers

Drive Capital and Triplepoint Capital
Thoughtful AI
$20M
Austin, TX-based revenue cycle automation startup

CVS Health Ventures, Town Hall Ventures, a16z, AlleyCorp, Echo Health Ventures, Frist Cressey Ventures, and Foresite Capital
Thyme Care
$95M
Nashville, TN-based cancer care enabler

Wittington Ventures, Great Point Ventures, DNS Capital, Medical Excellence Capital, Tao Capital, TYH Capital, and 7wireVentures
Truvian Health
$74M
San Diego, CA-based blood-test developer

FPV Ventures, Race Capital, Alumni Ventures, WVV Capital, Samsung Next, Fusion Fund, Green Sands Equity, and Mack Ventures
Vectara
$25M
Palo Alto, CA-based generative AI product platform

The Scherzer Deal Report: July 8-12, 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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week.!

Fundraising for PE & VC Funds

Ardian
$3.2B
Sixth co-investment fund family

Freeflow Ventures
$50M
Second fund ($35M) and an opportunity fund ($15M)

Harlan Capital
$130M
Fifth private credit fund

Kleiner Perkins
$2B+
20th flagship VC fund ($825M) and its latest growth-stage fund ($1.2B)

Lee Equity Partners
$1.3B
Fourth midmarket buyout fund

Lone Star Funds
$5.3B
12th opportunity fund

New Mountain Capital
$15.4B
Seventh fund

The Westly Group
$100M
Seed-stage fund focused on climate and energy startups

Private Equity Deals

Clearlake Capital, TA Associates, Insight Partners, and Charlesbank Capital Partners
Aptean
Undisclosed amount
Alpharetta, GA-based provider of ERP and supply chain software

American Industrial Partners
Austin Powder
Undisclosed amount
Cleveland, OH-based provider of industrial explosives and blasting solutions.

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

Aurora Capital Partners
First Legal
Undisclosed amount
Monterey Park, CA-based provider of outsourced litigation support services

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

Pacific Avenue Capital Partners Kidde
Fenwal
Undisclosed amount
Ashland, MA-based provider of manufacturing, industrial, and commercial fire suppression systems

Good Springs Capital
Kimbel Mechanical
Undisclosed amount
Fayetteville, AR-based plumbing, HVAC, and electrical contractor

Levine Leichtman Capital Partners
NSL Analytical Services
Undisclosed amount
Cleveland, OH-based materials testing provider

Park Square Capital
Togetherwork
Undisclosed amount
New York, NY-based provider of financial software for member-based organizations

Venture Capital Deals

Claure Group, Pablo Legorreta, Mangrove Capital Partners, Valor Equity Partners, and Atreides Management
K Health
$50M
New York, NY-based health symptom-checking chatbot

Dragonfly Capital, Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holding, Tangent, and Credibly Neutral
MegaLabs
$20M
Ethereum scaling protocol developer

Bluestone Equity Partners
Qloo
$20M
New York, NY-based platform for consumer behavioral data

The Scherzer Deal Report: July 1-3, 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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week.!

Fundraising for PE & VC Funds

Ardian
$3.2B
Sixth co-investment fund family

Freeflow Ventures
$50M
Second fund ($35M) and an opportunity fund ($15M)

Harlan Capital
$130M
Fifth private credit fund

Kleiner Perkins
$2B+
20th flagship VC fund ($825M) and its latest growth-stage fund ($1.2B)

Lee Equity Partners
$1.3B
Fourth midmarket buyout fund

Lone Star Funds
$5.3B
12th opportunity fund

New Mountain Capital
$15.4B
Seventh fund

The Westly Group
$100M
Seed-stage fund focused on climate and energy startups

Private Equity Deals

Clearlake Capital, TA Associates, Insight Partners, and Charlesbank Capital Partners
Aptean
Undisclosed amount
Alpharetta, GA-based provider of ERP and supply chain software

American Industrial Partners
Austin Powder
Undisclosed amount
Cleveland, OH-based provider of industrial explosives and blasting solutions.

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

Aurora Capital Partners
First Legal
Undisclosed amount
Monterey Park, CA-based provider of outsourced litigation support services

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

Pacific Avenue Capital Partners Kidde
Fenwal
Undisclosed amount
Ashland, MA-based provider of manufacturing, industrial, and commercial fire suppression systems

Good Springs Capital
Kimbel Mechanical
Undisclosed amount
Fayetteville, AR-based plumbing, HVAC, and electrical contractor

Levine Leichtman Capital Partners
NSL Analytical Services
Undisclosed amount
Cleveland, OH-based materials testing provider

Park Square Capital
Togetherwork
Undisclosed amount
New York, NY-based provider of financial software for member-based organizations

Venture Capital Deals

Claure Group, Pablo Legorreta, Mangrove Capital Partners, Valor Equity Partners, and Atreides Management
K Health
$50M
New York, NY-based health symptom-checking chatbot

Dragonfly Capital, Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holding, Tangent, and Credibly Neutral
MegaLabs
$20M
Ethereum scaling protocol developer

Bluestone Equity Partners
Qloo
$20M
New York, NY-based platform for consumer behavioral data

The Scherzer Deal Report: June 24-28, 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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week.!

Fundraising for PE & VC Funds

Blackhorn Ventures
$150M
Third fund

Connexa Capital
$20M
Debut fund

Curie.Bio
$380M
Second fund

Ironspring Ventures
$100M
Second fund

Rackhouse Ventures
$45M
Second fund

Private Equity Deals

TPG
Altimetrik
Undisclosed amount
Southfield, MI-based digital business transformation company

Frazier Healthcare Partners
BioMatrix
Undisclosed amount
Plantation, FL-based provider of home-based infusion services

Bernhard Capital Partners
Brailsford & Dunlavey
Undisclosed amount
Washington, DC-based institutional program management company

Avenue Sports Fund City
Pickle
Undisclosed amount
New York, NY-based indoor pickleball club concept

GrowthCurve Capital
Duetto
Undisclosed amount
San Francisco, CA-based provider of revenue management software for the hospitality market

Trive Capital and 808 Capital Partners
JF Fitness
Undisclosed amount
Richmond, VA-based Crunch Fitness franchisee focused on the Mid-Atlantic and Southeastern United States

Macquarie Capital
Kalkomey
Undisclosed amount
Richardson, TX-based provider of online recreational safety education

Vista Equity Partners
Model N
Undisclosed amount
San Mateo, CA-based provider of revenue optimization and compliance solutions for pharma and med tech

Madison Dearborn Partners
Omni Federal
Undisclosed amount
St. Louis, MO-based provider of mission and enterprise software to U.S. defense and intelligence agencies

Altaris Capital Partners
Sharecare
Undisclosed amount
Atlanta, GA-based digital health platform

L Catterton
Stripes Beauty
Undisclosed amount
Beverly Hills, CA-based menopause products brand founded by actor Naomi Watts

Transom Capital Group
Virginia Tile
Undisclosed amount
Livonia, MI-based distributor of tile, decorative surfaces, and installation accessories

Venture Capital Deals

Premji Invest, Neuberger Berman, Adams Street Partners, Baillie Gifford, Hummingbird Ventures, Civilization Ventures, Libertus Capital, and Fifty Years
BillionToOne
$130M
Menlo Park, CA-based precision diagnostics company

BlackRock, Nvidia, Microsoft, Eclipse Ventures, and Jabil
Bright Machines
$106M
San Francisco, CA-based software-defined manufacturing company

Meritech, First Round Capital, Sequoia Capital, Box Group, and Boldstart
Clay
$46M
New York, NY-based sales and marketing AI startup

Prudence, Industry Ventures, Jackson Square Ventures, Building Ventures, GS Futures, and Cloud Apps Capital Partners
Clearstory
$16M
Walnut Creek, CA-based change order management platform for construction

Elsewhere Partners
Deskpro
$25M
Austin, TX-based provider of help desk solutions

Primary Venture Partners, Positive Sum Ventures, Hummingbird, Fundomo, Fontinalis, Lightscape, Earthshot, Two Sigma, Oceans Venture, Skybox Data Centers, and Peter Thiel
Etched
$120M
San Francisco, CA-based maker of specialized chips for transformers

Nat Friedman, Daniel Gross, Lux Capital, Amazon, and NVentures
EvolutionaryScale
$142M
New York, NY-based developer of protein-building AI models

Novartis Venture Fund, Delos Capital, OrbiMed, Insight Partners, JPMorgan Life Sciences Private Capital, CRISPR Therapeutics, Innovation Endeavors, Invus, Arc Ventures, and Deep Insight
Exsilio Therapeutics
$82M
Boston, MA-based genomic medicines startup 

Andreessen Horowitz, Sanofi, Sequoia Capital, Thrive Capital, Emerson Collective, Lachy Groom, SV Angel, and FPV Ventures
Formation Bio
$372M
New York, NY-based AI-driven drug developer

Blackhorn Ventures, Mitsubishi HC Capital America, NEC, Translink Capital, Alumni Ventures, FJ Labs, Lux Capital, Initialized Capital, and Lorimer Ventures
Formic
$24.7M
Chicago, IL-based robots-as-a-service platform for manufacturers

a16z
Hebbia
$100M
New York, NY-based document search AI startup

Cleveland Avenue, DNS Capital, Composite Ventures, and Greatpoint Ventures
Hero Bread
$21M
San Francisco, CA-based maker of healthier versions of baked goods

Parameter Ventures, PruVen Capital, Velvet Sea Ventures, GC1 Ventures, and NextView Ventures
KarmaCheck
$45M
San Francisco, CA-based employee background check startup

General Catalyst
Local Kitchens
$40M
Davis, CA-based multi-brand “under one roof” restaurant concept

Bain Capital Ventures, Adobe Ventures, and Common Sense Media
MagicSchool AI
$15M
Boulder, CO-based K12 tech platform focused on preventing teacher burnout

Silver Lake Waterman, Eurazeo, Crescent Cove, F-Prime, Eight Roads, and Serena Capital
Odaseva
$54M
Cambridge, MA-based cybersecurity startup for Salesforce users

Craft Ventures, Addition, and Greylock
Onehouse
$35M
Sunnyvale, CA-based data lakehouse company

NEA, Wing VC, and WndrCo
Orby AI
$30M
San Francisco, CA-based generative process automation startup

8VC, Matrix Partners India, and Nexus Venture Partners
Rocketlane
$24M
Covina, CA-based customer onboarding platform

Hanaco VC, Jaws Ventures, Madrona Ventures, and Granger
Route
$40M
Lehi, UT-based post-purchase tracking startup

Koch Disruptive Technologies, Duke University, GreatPoint Ventures, Bond, Cathay Innovation, Drive Capital, Menlo Ventures, Morpheus, and an undisclosed state pension fund
Sidecar Health
$165M
El Segundo, CA-based employer-facing health insurer

GV
Sift
$17.5M
San Francisco, CA-based developer of unified observability solutions for complex machine development

Sutter Hill Ventures, T. Rowe Price, Bessemer Venture Partners, Coatue, and Perry Creek Capital
Sila
$375M
Alameda, CA-based battery materials company

Sorenson Capital, Intel Capital, and BroadLight Capital
ZeroEyes
$53M
Conshohocken, PA-based gun detection video analytics and alert platform

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