Scherzer Deal Report

The Scherzer Deal Report: April 7-11, 2025

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

AlpInvest
$3.2B
Second portfolio finance fund

Andros Capital Partners
$1B
Third fund

Excelsior Energy Capital
$1B+
Second energy transition fund

FM Capital
$240M
Fourth fund

JPMorgan Asset Management
$1.5B
Second forest and climate solutions fund

KSL Capital Partners
$1.44B
Second tactical opportunities fund

Lerer Hippeau
$200M
Ninth flagship VC fund

Pantheon
$5.2B
Third private credit secondaries fund

RCP Advisors
$994M
Fifth co-investing fund

SignalFire
$1B+
Latest fund

Private Equity Deals

Altus Capital Partners and Centerfield Capital Partners
ALM Positioners
Undisclosed amount
Rock Island, IL-based provider of automated positioning equipment for manufacturers

Seaside Equity Partners 
Capstone
Undisclosed amount
New York, NY-based provider of tax, accounting, and advisory services to small and mid-size clients in the Pacific Northwest

LongueVue Capital
Daedalus Industrial
Undisclosed amount
Bradenton, FL-based maker of management and control systems for data centers and industrials

Middle West Partners
David Webb
Undisclosed amount
New York, NY-based jeweler

Paceline Equity Partners
Kassel Mechanical
Undisclosed amount
Columbus, OH-based installer of MEPF systems

DFW Capital Partners
Kept Companies
Undisclosed amount
Fairfield, NJ-based cleaning and maintenance company

Bain Capital
Lincoln Financial
$825M
Radnor, PA-based financial services company

New Mountain Capital
Office Ally
Undisclosed amount
Vancouver, WA-based provider of cloud-based clearinghouse and software to health care

Apollo
Plume
Undisclosed amount
Denver, CO-based tokenization business

Wind Point Partners
Sigma
Undisclosed amount
Cream Ridge, NJ-based maker of waterworks infrastructure products

Bain Capital
Sizzling Platter
$1B+
Salt Lake City, UT-based restaurant chain

New Mountain Capital
Thoughtful.ai
Undisclosed amount
Austin, TX-based revenue cycle automation company

Venture Capital Deals

DTCP, Glilot, Vertex, and Red Dot
Anecdotes
$55M
Palo Alto, CA-based GRC automation platform

Glade Brook Capital, YC, Day One Ventures, HubSpot Ventures, Oliver Jung, and Fellows Fund
Artisan
$25M
Milwaukee, WI-based AI sales agent startup

Mayfield and Menlo Ventures
Aurascape
$50M
Santa Clara, CA-based provider of security and observatbility for AI apps

a16z, Addition, Lightspeed, Valor Equity Partners, Thrive Capital, Altimeter, Terraine, and Trust Ventures
Base Power
$200M
Austin, TX-based provider of residential backup batteries

Spark Capital, Coinbase Ventures, Amex Ventures, and a16z
Blackbird Labs
$50M
Cupertino, CA and Ukraine-based blockchain-enabled payment option for restaurants

Shine Capital, Synchrony Ventures, Sheva Ventures, Point72 Ventures, and Cerca Partners
Bliss Aesthetics
$17.5M
Bay Harbor Islands, FL-based cosmetic surgery startup

Index Ventures and Motorola
Brinc
$75M
Seattle, WA-based maker of public safety drones

SineWave Ventures, Razor’s Edge Ventures, and Ten Eleven Ventures
Corsha
$18M
Vienna, VA-based provider of machine-to-machine communication solutions 

Bain Capital Ventures, a16z, and Abstract Ventures
Krea
$83M
San Francisco, CA-based platform for creatives working with genAI

Altimeter Capital, Redpoint Ventures, and Hanabi Capital
LiveKit
$45M
San Jose, CA-based network infrastructure startup for multimodal AI apps

Bain Capital Life Sciences, BVF Partners, Third Rock Ventures, GV, and PXV Funds
MeridaBiosciences
$121M
Cambridge, MA-based biotech focused on serious autoimmune and allergic diseases

CapitalG, M12, Micron Ventures, NVIDIA, and Socratic Partners
nEye Systems
$58M
Emeryville, CA-based optical switch startup

T. Rowe Price, Fidelity, Tiger Global, Greylock, and XN
Nuro
$106M
Mountain View, CA-based developer of autonomous driving tech

NewRoad Capital Partners, MK Capital, and Moore Strategic Ventures
Optilogic
$40M
Ann Arbor, MI-based provider of supply chain design software

Updata Partners and Elsewhere Partners
Portnox
$37.5M
Austin, TX-based provider of zero trust access control solutions

Prosus
Rain
$75M
Los Angeles, CA-based earned wage access app

Foresite Capital and OrbiMed
RayThera
$110M
San Diego, CA-based immunology biotech

Applied Ventures, Atika Capital, Foxconn, Hanwha Deeptech Venture Fund, Hitachi Ventures, NEC Orchestrating Future Fund, NVIDIA, Prosperity7, SineWave Ventures, Translink Capital, University of Michigan, and YC
Rescale
$115M
San Francisco, CA-based digital engineering platform

Google, Nvidia, and BNP Paribas
SandboxAQ
$150M
Palo Alto, CA-based Alphabet spinoff developing AI models for enterprise

Eli Lilly, Biovision Ventures, Pappas Capital, and Hengdian Group Capital
Solu Therapeutics
$41M
Boston, MA-based developer of blood cancer immunotherapies

WestBridge Capital, B37 Ventures, Rocketship.vc, and Lightspeed Venture Partners
Tessell
$60M
San Ramon, CA-based developer of multi-cloud database-as-a-service

The Scherzer Deal Report: March 31 – April 4, 2025

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

BC Partners Credit
$1.4B
Third special opportunities fund

Construct Capital
$300M
Third VC fund

Vistria Group
$2.5B
Real estate fund focused on affordable housing

Waterous Energy Fund
$1B
Third fund

Private Equity Deals

Clearview Capital
Advantage Behavioral Health
Undisclosed amount
Laurel Springs, NJ-based outpatient mental health treatment provider

Brookfield
Angel Oak
Undisclosed amount
Atlanta, GA-based mortgage lender Goldman Sachs

Alternatives
Atlas-SSI Holdings
Undisclosed amount
Monticello, MS-based water management equipment supplier

Sequoia Financial Group and Valeas Capital Partners
Carlson Capital Management
Undisclosed amount
Northfield, MN-based investment advisory with $3.8b in client assets

The Riverside Co
DAWGS
Undisclosed amount
Chicago, IL-based provider of door and window guards for securing vacant properties

Harrison Street and 1547
DRFortress
Undisclosed amount
Honolulu, HI-based largest carrier-neutral data center in Hawaii

EQT
Eagle Railcar Services
Undisclosed amount
Eastland, TX-based provider of railcar repair and maintenance services

General Atlantic, PSP Capital Partners, and Aksia
Frazier & Deeter
Undisclosed amount
Atlanta, GA-based accounting and business transformation firm

65 Equity Partners and Inflexion
Kee Safety
Undisclosed amount
British safety products maker

Audax Private Equity
Lanter Delivery Systems
Undisclosed amount
Des Peres, MO-based provider of OEM parts delivery

Encore Consumer Capital
LYS Beauty
Undisclosed amount
Atlanta, GA-based clean beauty brand

Hidden River Strategic Capital
Miles Ahead Brands
Undisclosed amount
Riverview, FL-based portfolio of aggregate distribution companies in the Southeast and Southwest

AIP Management
Silicon Ranch
$500M
Nashville, TN-based solar developer

SK Capital Partners
Spectrum Vascular
Undisclosed amount
White Plains, NY-based provider of vascular access and medication management products for reducing health care-acquired infections

Novo Holding
Sylvan
Undisclosed amount
Kittanning, PA-based maker of fungal biotech solutions

Venture Capital Deals

Bain Capital Ventures and First Round Capital
Actively AI
$17.5M
New York, NY-based GTM superintelligence startup

A16z, OpenAI Startup Fund, Abstract Ventures, Eniac Ventures, CrossBeam Ventures, and K5
Adaptive Security
$43M
New York, NY-based cybersecurity startup focused on deepfake attacks and other AI-engineered cons

Index Ventures, Interlagos, Breakthrough Energy Ventures, NEA, a16z, Vlad Tenev, Tim Draper, Jared Leto, and F.P. Journe
Aetherflux
$50M
Capitola, CA-based space-based solar energy startup

Venrock and Forbion Growth
AiRNA
$155M
Cambridge, MA-based RNA editing startup

Bain Capital Life Sciences, Wellington Management and insiders Lightstone Ventures, Sofinnova Investments, Abingworth, Foundation Fighting Blindness, Hatteras Venture Partners, Osage University Partners, and the Manning Family Foundation
Atsena Therapeutics
$150M
Durham, NC-based gene therapy startup focused on blindness

Mayfield, Sutter Hill Ventures, Canaan Partners, and Wing Venture Capital
AttoTude
$50M
Menlo Park, CA-based data center connection startup

Aligned Climate Capital, Ecosystem Integrity Fund, and Remarkable Ventures Climate
BetterFleet
$15M
Ann Arbor, MI-based provider of fleet management software

Avataar Ventures, Construct Capital, Bloomberg Beta, and Promus Ventures
Chef Robotics
$20.6M
San Francisco, CA-based maker of meal assembly robots

StepStone Group
Cyberhaven
$100M
Palo Alto, CA-based data security startup

QED Investors 
Félix
$75M
San Francisco, CA-based platform for cross-border remittances

General Catalyst, Paramark Ventures, Airbus Ventures, GSBackers, MCJ, Borusan Ventures, and Positive Ventures
Fourier
$18.5M
Palo Alto, CA-based green hydrogen engineering startup

Zetta Venture Partners, Databricks Ventures, B Capital, Capital One Ventures, and In-Q-Tel
Gable
$20M
Seattle, WA-based provider of a shift left data management platform

QED Investors, Blumberg Capital, Frontline Ventures, Pruven Capital, Sozo Ventures, Akamai, AV8 Ventures, Ericsson Ventures, Nava Ventures, Oregon Venture Fund, S3 Ventures, Uncorrelated Ventures and Wing VC
Hydrolix
$80M
Portland, OR-based streaming data lake startup

Olive Tree Capital, YC, Hanwha Group, Liquid 2 Ventures, Nomadic Venture Partners, Soma Capital, and TechNexus Venture Collaborative
Maverick Metals
$19M
San Antonio, TX-based maker of specialty chemicals for critical metals recovery

HarbourVest, M Ventures, and eLab Ventures
MemryX
$44M
Ann Arbor, MI-based developer of edge AI chips

Fidelity, Column Group, Soleus Capital, Viking Global Investors, Cormorant, Schroders Capital, LYFE Capital, Euclidean Capital, UCB Ventures, Willett Advisors, UC Investments, YK Bioventures, Berkeley Frontier Fund, Ysios Capital, Alexandria Venture Investments, and Spur Capital Partners
Neurona Therapeutics
$102M
San Francisco, CA-based biotech focused on repairing dysfunctional neural circuits

TPG Rise, Rice Investment Group, Clearvision Ventures, and NGP Energy Technology Partners
Persefoni AI
$23M
Tempe, AZ-based provider of sustainability management software

Franklin Templeton, Fidelity, BlackRock, NEA, and Ribbit Capital
Plaid
$575M
San Francisco, CA-based platform that helps fintechs connect to bank accounts

GV and Lightspeed
Redpanda
$100M
San Francisco, CA-based data streaming startup

EQT, KKR, FTV Capital, Ten Eleven Ventures, and Finback Investment Partners
ReliaQuest
$500M
Tampa, FL-based security ops startup

Summers Value Partners
Restor3d
$38M
Durham, NC-based maker of personalized orthopedic implants

Spark Capital, Kleiner Perkins, Mayfield, and Fidelity
Retym
$75M
Cupertino, CA-based semicondiuctor startup

General Atlantic, Fidelity, Baillie Gifford, NVIDIA, and SoftBank
Runway
$300M
New York, NY-based AI video startup

Insight Partners, NextView Ventures, The General Partnership, and Peterson Ventures
SchoolAI
$25M
Lehi, UT-based AI platform for teachers

Menlo Ventures, SignalFire, Craft Ventures, Inspired Capital, and Torch Capital
Solace
$60M
Redwood City, CA-based provider of health-care navigation solutions for patient advocates

Tiger Global, Index Ventures, and Sequoia Capital
Temporal
$146M
Seattle, WA-based microservices orchestration startup

Index Ventures, Andreessen Horowitz (a16z), General Catalyst, SemperVirens, PeopleTech Partners, The General Partnership, and ADP Ventures
Thatch
$40M
San Francisco, CA -based provider of individual coverage health reimbursement arrangements for employers

Bessemer Venture Partners, TLV Partners, Craft Ventures, Third Point Ventures, SentinelOne Ventures, and Cerca Partners
Unframe
$50M
Denver, CO-based enterprise AI platform

Informed Ventures, American Family Ventures, Morgan Health, Ingeborg Investments, Catalyst by Wellstar, and Plug and Play
Venteur
$20M
San Francsico, CA-based ICHRA administrator

The Scherzer Deal Report: March 24-28, 2025

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

Churchill Asset Management
New York, NY
$750M
Third collateralized fund obligation fund

Emergence Capital
San Francisco, CA
$1B
Seventh fund

Falfurrias
Charlotte, NC
$1.35B
Sixth fund

Pike Street Capital
Seattle, WA
$199M
Single-asset continuation fund

Private Equity Deals

Aldaron Partners and True Wind Capital
DCM Services
Undisclosed amount
Bloomington, MN-based provider of estate and specialty account recovery solutions

Regent
Foundry
Undisclosed amount
Needham, MA-based publisher of PCWorld and Macworld

Knox Lane
HealthCare Experts Squared
Undisclosed amount
Glenview, IL-based education provider for health-care pros

Brighton Park Capital
Hitrust
Undisclosed amount
Frisco, TX-based provider of information security assurance for risk management and compliance

TA Associates
Nous Infosystems
Undisclosed amount
Edison, NJ-based provider of product and data engineering solutions for digital transformation

Thoma Bravo
PCMI
Undisclosed amount
Park Ridge, IL-based provider of admin software for finance and insurance in the automotive and consumer end markets

Bildmore
Peregrine Energy Solutions
$53M
Boulder, CO-based utility-scale renewables and energy storage developer

Main Post Partners
Rebel Athletic
Undisclosed amount
Carrollton, TX-based provider of cheerleading and other athletic apparel

Sixth Street
San Francisco Giants
Undisclosed amount
San Francisco, CA-based major league baseball team

Forward Consumer Partners
SerVaas Laboratories
Undisclosed amount
Indianapolis, IN-based maker of household cleaning products

AGIC Capital
Solmetex
Undisclosed amoun
tNorthborough, MA-based provider of dental products

RRJ Capital  and Andalusian Private Capital
VistaJet
Undisclosed amount
New York, NY-based private jet operator 

Venture Capital Deals

Craft Ventures, Inspired Capital, and Rally Ventures
Allen Control Systems
$30M
Austin, TX-based developer of autonomous robotic gun turret

Canaan Partners, Forerunner Ventures, Adverb Ventures, and Factorial Funds
Arcade
$25M
Sevierville, TN -based gen AI marketplace for creating physical products

Bessemer Venture Partners, Owl Ventures, South Park Commons, and Springbank Collective
Brisk
$15M
San Francisco, CA-based AI ed-tech startup

Felicis, A Capital, SV Angel, Nexus Venture Partners, and Paul Graham
Browser Use
$17M
San Francisco, CA-based startup helping AI agents navigate websites

StageDotO
Capital Markets Gateway
$30M
New York, NY-based equity capital markets platform

Ally Bridge Group, Claret Capital Partners, Cardiac Dimensions, Hostplus, M.H. Carnegie, Horizon 3 Healthcare, and Lumira Ventures
Cardiac Dimensions
$53M
Kirkland, WA-based developer of minimally invasive treatments for heart failure and functional mitral regurgitation

Moon, Luma Group, Bausch + Lomb, Jefferson Life Sciences, Innovation Endeavors, Catalio Capital Management, S32, and KdT Ventures
Character Biosciences
$93M
Jersey City, NJ-based developer of drugs for polygenic diseases

Resonance, Headline, Serena Capital, and Balderton Capital
DeepIP
$15M
New York, NY-based AI platform for patent pros

CRV and First Round Capital
Dyna Robotics
$23.5M
Redwood City, CA-based robotics startup focused on tasks like folding and food preparation

Elephant VC and Goldman Sachs Alternatives
Fleetio
$450M
Birmingham, AL-based provider of fleet management software

Creator Sports Capital Manhattan West Private Equity, Sunflower Bank, and Omaha Productions
Good Good Golf
$45M
Frisco, TX-based golf media and lifestyle brand

Marunouchi Innovation Partners, Goldman Sachs, I Squared Capital, Shell Ventures, TOMS Capital, Fortress Investment Group, Olympia Group, and QVT Financial
GridPoint
$45M
Reston, VA-based commercial building decarbonization startup

Droia Ventures, Frazier Life Sciences, Novo Holdings, LifeArc Ventures, and Hummingbird Bioscience
Hillstar Bio
$67M
Boston, MA-based immunology biotech focused on autoimmune diseases

Coatue
Island
$250M
Dallas, TX-based provider of secure enterprise browsers

Zach Kirkhorn, Bullpen Capital, Dorm Room Fund, and Eigen Ventures
Jolly
16.5M
New York, NY-based employee rewards platform

Define Ventures, Flare Capital Partners, GV, and MultiCare Capital Partners
Layer Health
$21M
Brookline, MA-based clinical note analysis startup

Sequoia Capital and Coatue
Mercury
$300M
San Francisco, CA-based banking fintech Goldman Sachs

Alternatives, Vertex Ventures Israel, Grove Ventures, and ALIVE
Navina
$55M
New York, NY-based clinical intelligence startup

Lightspeed Venture Partners, Kleiner Perkins, West
Bridge Capital, Battery Ventures, and Emergent Ventures
Nexthop AI
$110M
Santa Clara, CA-based developer of custom-built networking solutions for hyperscalers

SoftBank, Altimeter, Coatue, Founders Fund, and Magnetar Capital
OpenAI
$40B
San Francisco, CA-based company

Khosla Ventures, Seven Seven Six, and NBA Investments.
Playback
$22M
San Francisco, CA-based “Twitch for sports”

Norwest Venture Partners, Galaxy Ventures, Goldcrest, Thayer, Hard Yaka, Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital
Rain
$24.5M
New York, NY-based credit and debit card issuers that lets users settle in stablecoins

Accel and Bain Capital Ventures
Silna Health
$27M
New York, NY-based health insurance automation startup

S2G Investments
Sunday
$25M
Boulder, CO-based maker of eco-friendly lawn products

Novo Holdings, QIA, Cormorant Asset Management, The Capital Partnership, 415 Capital, AMED Ventures, PA MedTech, and Unorthodox Ventures
Supira Medical
$120M
Los Gatos, CA-based developer of catheter-based ventricular heart pumps

Greenoaks
The Bot Co.
$150M
San Francisco, CA-based robotics startup founded by former Cruise CEO, Kyle Vogt

Spark Capital
Underdog
$70M
Brooklyn, NY-based fantasy sports and sports betting app

Radical Ventures and Felicis
Yutori
$15M
San Francisco, CA-based provider of personal AI assistants

The Scherzer Deal Report: March 17-21, 2025

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

Carr’s Hill Partners
$210M
Debut fund

Marathon Asset Management
$2.7B
Second opportunistic credit fund

Morgan Stanley Infrastructure Partners
$4.1B
Fourth fund

New State Capital Partners
$700M
Fourth fund

Pillar VC
$175M
Fourth fund

SemperVirens
$177M
VC fund

Susa Ventures
$175M
Fifth fund

Weatherford Capital
$300M
Second fund

Private Equity Deals

Aldaron Partners and True Wind Capital
DCM Services
Undisclosed amount
Bloomington, MN-based provider of estate and specialty account recovery solutions

Regent
Foundry
Undisclosed amount
Needham, MA-based publisher of PCWorld and Macworld

Knox Lane
HealthCare Experts Squared
Undisclosed amount
Glenview, IL-based education provider for health-care pros

Brighton Park Capital
Hitrust
Undisclosed amount
Frisco, TX-based provider of information security assurance for risk management and compliance

TA Associates
Nous Infosystems
Undisclosed amount
Edison, NJ-based provider of product and data engineering solutions for digital transformation

Thoma Bravo
PCMI
Undisclosed amount
Park Ridge, IL-based provider of admin software for finance and insurance in the automotive and consumer end markets

Bildmore
Peregrine Energy Solutions
$53M
Boulder, CO-based utility-scale renewables and energy storage developer

Main Post Partners
Rebel Athletic
Undisclosed amount
Carrollton, TX-based provider of cheerleading and other athletic apparel

Sixth Street
San Francisco Giants
Undisclosed amount
San Francisco, CA-based major league baseball team

Forward Consumer Partners
SerVaas Laboratories
Undisclosed amount
Indianapolis, IN-based maker of household cleaning products

AGIC Capital
Solmetex
Undisclosed amoun
tNorthborough, MA-based provider of dental products

RRJ Capital  and Andalusian Private Capital
VistaJet
Undisclosed amount
New York, NY-based private jet operator 

Venture Capital Deals

Flagship Pioneering and Eli Lilly
Ampersand Biomedicines
$65M
Boston, MA-based biotech whose lead candidates focus on immuno-inflammation and immuno-oncology

Mercedes-Benz, Japan Post Capital, ARK Invest, Helium-3, Magnetar, RyderVentures, and Korea Investment Partners
Apptronik
$53M
Austin, TX-based developer of humanoid robots

Arch Venture Partners, TCGX, QIA, Partners Investment, Revelation Partners, and Kerna Ventures
Arbor Biotechnologies
$73.9M
Cambridge, MA-based developer of liver-targeting gene therapies

8VC
Augment
$25M
San Francisco, CA-based logistics platform

8VC
Cognition AI
Undisclosed amount
New York, NY-based coding assistant maker

Ferroglobe, Zeon Ventures, Lane Ventures, Entrada Ventures, Foothill Ventures, Helios Climate Ventures, Translink Investment, Trousdale Ventures, and Asymmetry Ventures
Coreshell
$24M
San Leandro, CA-based silicon anode maker

Ribbit Capital, Franklin Templeton, Nyca, First Round, Lightspeed Faction, and HF0
Crossmint
$23.6M
Orlando, FL-based enterprise blockchain development startup

Accel, Menlo Ventures, Anthropic, Shopify Ventures, Figma Ventures, a16z and The General Partnership
Graphite
$52M
New York, NY-based code review platform

3Spoke Capital, Joseph Stone Capital, Liberty Street Funds, Pegasus Tech Ventures, Pinegrove Capital Partners, Portfolia, and ROC Venture Group
GrubMarket
$50M
San Francisoc, CA-based food B2B marketplace

A16z, Avalanche Blizzard Fund, Credibly Neutral, and Alt Layer
Halliday
$20M
San Francisco, CA-based blockchain payments startup

Mainsail Partners
Inn-Flow
$45M
Raleigh, NC-based provider of hotel back-office management and accounting software

Avenir, Primary Venture Partners, Story Ventures, Third Prime, and Studio VC
Inspiren
$35M
New York, NY-based provider of AI tools for senior living

Blue Owl Capital, Deep Track Capital, Access Biotechnology, Qatar Investment Authority, and Sanofi Ventures
Latigo Biotherapeutics
$150M
Thousand Oaks, CA-based developer of non-opioid pain management drugs

USVP, Gilde Healthcare, Longitude Capital, Osage University Partners, Action Potential Venture Capital, GPG Ventures, The Vertical Group, and Exceller Hunt Ventures
MicroTransponder
$65M
Austin, TX-based developer of stroke rehabilitation neurostimulators

Kleiner Perkins, BoxGroup, A*, Mischief, and Workshop
Multiply Mortgage
$23.5M
Boulder, CO-based provider of mortgages as an employee benefit

General Atlantic, Lead Edge Capital, and StepStone
Nerdio
$500M
Chicago, IL-based provider of Microsoft Azure deployment automation solutions

Coatue, Craft Ventures, Vanguard, Blackstone Innovations Investments, Bain Capital, New York Life Ventures, Citi Ventures, TIAA Ventures, and Marc Benioff
Norm AI
$48M
New York, NY-based regulatory compliance automation startup

Greycroft, Zoom Ventures, Emergent Ventures, WestWave, TGV, Manulife Ventures, and Alumni Ventures
Prezent
$20M
Los Altos, CA-based AI-powered business communication and presentation productivity platform

Insight Partners
Proscia
$50M
Philadelphia, PA-based provider of pathology digitization software

Goldman Sachs Alternatives, Statkraft, and Equinor Ventures
SkySpecs
$20M
Ann Arbor, MI-based renewable infrastructure monitoring startup

Nyca Partners, Wing VC, NFX, Haymaker Ventures, Gaingels, and Cerca Partners
Utila
$18M
New York, NY-based digital asset operations platform

The Scherzer Deal Report: March 10-14, 2025

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

Aligned Climate Capital
$85M
Second VC fund

Bessemer Venture Partners
$350M
Second dedicated India Fund

Capitala Group
$1B
Strategy of investing both debt and equity capital into small businesses

Daybreak Ventures
$33M
Debut fund

Fusion Fund
$190M
Fourth early-stagte VC fund

Garnett Station Partners
$1.2B
Fifth fund

Pamlico Capital
$1.75B
Sixth fund

Soul Street Venture
$22.5M
Debut fund

Private Equity Deals

TPG
BVI Medical
$1B
Waltham, MA-based maker of ophthalmic devices

InTandem Capital Partners
Clinilabs
Undisclosed amount
Eatontown, NJ-based contract research organization

Permira
Encore Fire Protection
Undisclosed amount
Pawtucket, RI-based provider of provider of fire protection services

Lovell Minnick Partners and Audax Private Equity
Fortis
Undisclosed amount
Plano, TX-based payments company for software provider

PSG
Lightkeeper
Undisclosed amount
Boston, MA-based provider of data, analytics, risk management, and reporting solutions for investment managers

Eir Partners

Porter
Undisclosed amount
Baltimore, MD-based home care coordination platform

HIG Capital
Quisitive Technology Solutions
Undisclosed amount
Irving, TX-based Microsoft solutions provider

Northleaf Capital Partners
Shared Tower
C$100M
Canadian developer and owner of carrier-neutral telecom infrastructure

Venture Capital Deals

FTV Capital
360 Privacy
$36M
Nashville, TN-based digital executive protection platform

Boston Scientific
4C Medical
$175M
Maple Grove, MN-based developer of mitral valve replacement devices

Red Dot Capital, Maor Investment, Entrée Capital, GFT Ventures, Intel Capital, and In-Venture
Bria
$40M
New York and Tel Aviv-based enterprise visual gen AI platform built on licensed data

Tetrad
Capture6
$27.5M
Berkeley, CA-based startup that cleans water and removes carbon

Kleiner Perkinsl, Index Ventures, Lightspeed, A*, Factory, Greycroft, Dell Technologies Capital, and Samsung Ventures
Cartesia
$64M
San Francisco, CA-based voice AI startup

SoftBank Corp., SoftBank Vision Fund 2, and Liberty Strategic Capital
Cybereason
$120M
La Jolla, CA-based cybersecurity business

Lightspeed Venture Partners and Sumitomo Corp
Dexterity
$95M
Redwood City, CA-based robotics company aiming for human-like dexterity

Clean Energy Ventures, ABB, Cerberus Ventures, Chevron Technology Ventures, and Piedmont Capital
DG Matrix
$20M
Raleigh, NC-based maker of solid-state transformers for datacenters

Top Tier Capital Partners, Acrew Capital, and Advance Venture Partners
Ditto
$462M
Oakland, CA-based company focused on connectivity for edge devices

A16z, GreenOaks Capital, Bedrock Capital, Meritech Capital, Matrix Partners, Sands Capital, Founders Fund, Kleiner Perkins, Tiger Global, and YC
Flock Safety
$275M
Atlanta, GA-based provider of surveillance tech for public safety departments

Energy Capital Ventures, Breakthrough Energy Ventures, and Trafigura
Graphitic Energy
$15M
Goleta, CA-based gas-to-hydrogen and graphite conversatin startup

Flagship Pioneering
Lila Sciences
$200M
Cambridge, MA-based scientific superintelligence startup

IVP, G2 Venture Partners, Wellington Management, Spark Capital, DCVC, Kleiner Perkins, Lux Capital, and Matter Venture Partners
Lumafield
$75M
Cambridge, MA-based developer of industrial CT tech for medical device companies

Paradigm, Consensys, QuantumLight Capital, and Yolo Investments
Mesh
$82M
San Francisco, CA-based crypto payments network

Five Elms
Motivity
$27M
Honolulu, HI-based provider of SaaS tools for autism therapy providers

General Catalyst, Lightspeed Venture Partners, and Valor Equity Partners
Nirvana Insurance
$80M
San Francisco, CA-based commercial trucking insurer

Iconiq Growth, Theory Ventures, First Round Capital, Redpoint Ventures, GV, and Snowflake Ventures
Omni
$69M
Dallas, TX-based business intelligence platform

SoftBank Vision Fund 2
OpusClip
$20M
San Francisco, CA-based video editing platform using Gen AI

Evolution Equity Partners and Farallon Capital
Pentera
$60M
Boston, MA-based maker network attack simulations

Lightspeed Venture Partners, CRV, and Sequoia Capital
Reflection AI
$105M
Brooklyn NY-based superintelligence startup led by a pair of ex-DeepMind researchers

Accel, Bertelsmann, UMI, Omnivore, and 3one4 Capital
Scimplify
$40M
Houston, TX-based platform for specialty chemicals

USVP, Gilde Healthcare Partners, Gilmartin Capital, Aperture Venture Partners, Arboretum Ventures, and Sectoral Asset Management
Shoulder Innovations
$40M
Grand Rapids, MI-based shoulder replacement technology startup

Fin Capital and Diagram
Synctera
$15M
Palo Alto, CA-based Banking-as-a-Service startup

SoftBank
Terabase Energy
$130M
Berkeley, CA-based provider of utility-scale solar software

Ribbit Capital, DST Global, NFX, and Progressive Insurance
Tomo Mortgage
$20M
Stamford, CT-based mortgage fintech

Moderne Ventures, Northwestern Mutual Future Ventures, UBS Next, and Erie Strategic Ventures
Trust & Will
$25M
San Diego, CA-based digital estate planning platform

NEA, AlleyCorp, Intermountain Health’s Intermountain Ventures, Echo Health Ventures, and Max Ventures
Vori Health
$53M
New York, NY-based musculoskeletal care business

TTV Capital, Ingeborg, Florida Funders, Deep Work Capital, and Florida Opportunity Fund
Worth
$20M
Orlando, FL-based startup for onboarding and underwriting SMBs seeking credit products

Creaegis, HSBC, SBI, GMO, DG Daiwa, Accel, Lightspeed Venture Partners, Sparta Group, and DST Global
Zolve
$51M
Houston, TX-based neobank for people moving to the U.S.

The Scherzer Deal Report: March 3-7, 2025

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

400 Capital Management
$1.39M
fourth private credit fund

8VC
$998M
Sixth flagship VC fund

Foundation Capital
$600M
11th flagship VC fund

Garnett Station Partners
$1.2B
Fifth fund

ICG
$11B+
Fifth GP-led secondaries fund

Northleaf Capital Partners
$1B+
Third private credit fund

One Bow River
$500M
Debut fund

Private Equity Deals

Peak Rock Capital
BrightStar Care
Undisclosed amount
Gurnee, IL-based provider of home care and supplemental staffing services

Rubicon Technology Partners
CollegeNET
Undisclosed amount
Portland, OR-based provider of higher ed software

New Water Capital
Dutch Gold Honey
Undisclosed amount
Lancaster, PA-based honey producer

Charlesbank Capital Partners
Emcore
Undisclosed amount
Budd Lake, NJ-based provider of inertial navigation solutions for aerospace and defense

Copley Equity Partners
Herzig Engineering
Undisclosed amount
Kansas City, MO-based firm focused on safety and compliance in electrified environments

American Securities
Integrated Global Services
Undisclosed amount
Richmond, VA-based provider of efficiency and reliability solutions to the industrial and energy sectors

Blackstone
ITE Management
Undisclosed amount
New York, NY-based alt asset manager focused on transportation infrastructure

Stephens Group
Kalkomey Enterprises
Undisclosed amount
Richardson, TX-based provider of online recreational safety education

Big 7 Ventures
Modern Concrete
Undisclosed amount
Elko, NV-based provider of remote concrete-pouring solutions

Clearlake Capital
ModMed
Undisclosed amount
Boca Raton, FL-based provider of medical practice SaaS

Francisco Partners
Quorum Software
Undisclosed amount
Houston, TX-based provider of energy ERP software

Crestview Partners
Smyth Cos
Undisclosed amount
St. Paul, MN-based provider of pressure sensitive labels and shrink sleeves

Sycamore Partners
Walgreens Boots Alliance
$23.7B
One of America’s largest retailers and pharmacy chains

The Scherzer Deal Report: February 24-28, 2025

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

Camber Partners
$210M
Second fund

Blackstone
$5.6B
Fourth energy transition fund

Private Equity Deals

Rotunda Capital Partners
AirPro Diagnostics
Undisclosed amount
Jacksonville, FL-based provider of driver assistance system diagnostics for the auto repair market

Nordic Capital
Anaqua
Undisclosed amount
Boston, MA-based provider of IP management tech solutions

J.F. Lehman & Co.
Atomic Transport
Undisclosed amount
Chattanooga, TN-based provider bulk-waste transport and transfer station management services

Carlyle and SK Capital Partners
Bluebird Bio
Undisclosed amount
Somerville, MA-based gene therapy company

Apollo Global Management
Bridge Investment Group
Undisclosed amount
Salt Lake City, UT-based private equity and alternative investment firms

Apax Partners
CohnReznick
Undisclosed amount
New York, NY-based global accounting firm

Seven Point Equity Partners
Frazier Aviation
Undisclosed amount
San Fernando, CA-based provider of sustainment solutions for the military aircraft aftermarket

EXA Capital
PrecisionCare
Undisclosed amount
New York, NY-based provider of electronic health records software

Argonaut Private Equity
Pryer Aerospace
Undisclosed amount
Tulsa, OK-based maker of complex aerospace components

Pearl Energy Investments
Slant Energy III
Undisclosed amount
Lafayette, LA-based upstream oil and gas E&P focused on the Permian Basin in West Texas and New Mexico

LongRange Capital
US Synthetic
Undisclosed amount
Orem, UT-based provider of polycrystalline diamond technologies

Venture Capital Deals

JPMorgan Equity Partners
Albert Invent
$20M
Oakland, CA-based AI chemistry startup

TCG
Audiochuck
$40
MIndianapolis, IN-based true crime and mystery media company founded by podcaster Ashley Flowers

Innovius Capital, Dell Technologies Capital, and Sentinel Glob
Auditoria.AI
$38M
San Jose, CA-based agentic AI provider for CFOs

Electric Capital, MassMutual, Highland Capital, MIT Investment Management Co., Haun Ventures, ParaFi Capital, Khosla Ventures, General Catalyst, Blockchain Coinvestors, and Nikesh Arora
Bitwise
$70M
Schaumburg, IL-based crypto-focused asset manager

Accel and Lightspeed
Bridgetown Research
$19M
Seattle, WA-based AI due diligence AI startup

A16z, K Ventures, and YC
Camber
$30M
Huntsville, AL-based medical claims automation startup

VoLo Earth Ventures, NEA, Dangerous Ventures, Tunitas Ventures, Woven Earth, Understorey, Groundswell, Ulu Ventures, MaC Venture Capital, Rise of the Rest, 81 Collection, Alumni Ventures, and Soma Capital
Cambium
$18.5M
Baltimore, MD-based startup focused on converting waste wood into usable lumber

M12, Mantis VC, In-Q-Tel, Eniac Ventures, 645 Ventures, FPV Ventures, Precursor Ventures, and Rosecliff Ventures
Edera
$15M
Seattle, WA-based developer of workload isolation technology

Lux Capital, The Column Group, Foresite Capital, Soros Capital, and General Catalyst
Eikon Therapeutics
$351M
Hayward, CA-based live-cell microscopy startup

Sanofi
Enveda
$20M
Boulder, CO-based drug discovery startup that focuses on medicinal plants

Wellington Management, D1 Capital Partners, Neuberger Berman, and Stripes
Just Salad
$200M
New York, NY-based restaurant chain

Valor Equity Partners and Collaborative Fund
Loyal
$22M
San Francisco, CA-based developer of longevity drugs for dogs

NEA, a16z, General Catalyst, Workday Ventures, Greyhound Capital, Truebridge Capital Partners, Activant Capital, SineWave Ventures, and Megalith Ventures
Metronome
$50M
San Francisco, CA-based provider of usage-based billing for software companies

Iconiq Growth and CapitalG
NinjaOne
$500M
Austin, TX-based IT platform for endpoint visibility

Haun Ventures, Paper Ventures, Selini Capital, and GSR Ventures
Raise
$63M
Chicago, IL-based crypto platform for gift cards

Blackstone Infrastructure
Safe Harbor Marinas
$5.65B
Dallas, TX-based marina and superyacht servicing company

NGP Capital, Westly Group, Intel Capital, BMW i Ventures, Samsung Catalyst Fund, and Next47
Skylo
$30M
Mountain View, CA-based direct-to-device satellite service

The Scherzer Deal Report: February 17-21, 2025

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

Afore Capital
$185M
Fourth fund

Bonfire Ventures
$245M
Fourth fund

Cherryrock
$172M
Debut fund

Greenfield Partners
$400M
Third fund

GTCR
$3.6B
Second strategic growth fund

Madison River Capital
$370M
Debut fund

Neuberger Berman
$1.6B
Third specialty finance fund and related asset-backed financing funds

Wellington Management
$194M
Wellington CLO Partners Fund I

Private Equity Deals

Align Capital Partners
AKS EngineeringUndisclosed amount
Tualatin, OR-based consulting firm for civil engineering, surveying, natural resources, and permitting

Vista Equity Partners and Deepwatch
Dassana
Undisclosed amount
San Mateo, CA-based cybersecurity business

Searchlight Capital Partners and Hudson Structured Capital Management
Gracie Point Holdings
Undisclosed amount
New York, NY-based provider of life insurance premium finance

Grovecourt Capital Partners
IMRIS Imaging
Undisclosed amount
Chaska, MN-based movable MRI business

Tritium Partners
Loxo
$115M
Austin, TX-based recruiting software company

PSG
Uscreen
$150M
Washington DC-based video monetization platform

One Equity Partners
Wheeler Fleet Solutions
Undisclosed amount
Somerset, PA-based vehicle parts and services business

Venture Capital Deals

Elad Gil and IVP, Bessemer Venture Partners, and California Health Care Foundation
Abridge
$250M
San Francisco, CA-based generative AI startup for clinical notetaking and billing

Eclipse, Maverick Capital, Fundomo, and EPIQ Capital Group
AheadComputing
$21.5M
Portland, OR-based general-purpose computing and microprocessor business

Lightrock, Insight Partners, Eclipse Ventures, Qumra Capital, Schneider Electric Ventures, and Qualcomm Ventures
Augury
$75M
New York, NY-based machine insights company for manufacturers

RA Capital Management led with participation from Janus Henderson Investors, Redmile Group, Invus and ADAR1 Capital Management
Bambusa Therapeutics
$90M
Boston, MA-based biotech focused on dermatological conditions

IVP, Spark, Greylock, Conviction, South Park Commons, 01 Advisors, and Lachy Groom|
Baseten
$75M
San Francisco, CA-based startup running AI models on its cloud infrastructure

Ribbit Capital, GV, Variant, and Cyberstarts
Blockaid
$50M
New York, NY-based crypto security platform

Avataar Ventures, Inspired Capital, Fitch Group, and BellTower Partners
CredCore
$16M
New York, NY-based business for analyzing private debt transactions

415 Capital, S3 Ventures, Panakès Partners, and M&L Healthcare
Endovascular Engineering
$42M
Menlo Park, CA-based clot removal company for venous thromboembolism

Lux Capital, Lightspeed, Menlo Ventures, Inspired Capital, and Bison Ventures
Frontera Health
$32M
Denver, CO-based developer of autism therapy streamlining tools

Qualcomm Ventures, Norwest Venture Partners, Entrée Capital, Honeystone Ventures, Tiferes Ventures, and Inkberry Ventures
Guidde
$15M
Belmont, CA-based video documentation business

Sapphire Ventures, NVC, Amplify Ventures, Iconiq Growth, Bain Capital Ventures, and Y Combinator
Hightouch
$80M
San Francisco, CA-based platform for customer service and sales teams to sync data
Plural and Hummingbird
Karman+
$20M
Denver, CO-based asteroid mining startup

Andra Capital, SGW, Andrej Karpathy, ARK Invest, Fincadia Advisors, G Squared, and In-Q-Tel
Lambda
$480M
San Jose, CA-based GPU cloud company

Swisscom Ventures, East Bridge, EDOM, Grazia, Hokuyo Inc. and TSVC
Lumotive
$45M
Redmond, WA-based optical semiconductor products maker

Felicis, General Catalyst, DST Global, Benchmark, and Menlo Ventures
Mercor
$100M
San Francisco, CA-based hiring software company

Base10 Partners and Volition Capital
Relish
$25M
Cleveland, OH-based procurement software maker

Taranis
Resynergi
$18M
Rohnert Park, CA-based plastic recycling company

Quadrille Capital, Insight Partners, Quiet Capital, and DN Capital
Sanas
$65M
Palo Alto, CA-based company that uses AI to change a person’s accent

Elad Gil and General Catalyst
Saronic
$600M
Austin, TX-based drone-boat builder

Canapi Ventures
SmartSuite
$38M
Newport Beach, CA-based project management and collaboration platform

Just Climate, Temasek’s GenZero, and Eagle Materials
Terra CO2

$82M
Golden, CO-based low-carbon building materials business

General Catalyst, Saudi Arabia’s Prosperity7 Ventures, Salesforce Ventures, Nvidia Corp., Kleiner Perkins, Emergence Capital, Lux Capital, and Coatue Management
Together AI
$305M
San Francisco, CA-based company that gives access to artificial intelligence computing

Riot Ventures, AlleyCorp, Initialized Capital, Day One Ventures, and Steel Atlas
Valar Atomics
$19M
El Segundo, CA-based nuclear energy startup

General Catalyst and Eclipse Ventures
Verkada
$200M
San Mateo, CA-based video security camera company

The Scherzer Deal Report: February 10-14, 2025

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

IMB Partners
$125.5M
Debut fund

Northrim Horizon
$235M
Third PE fund

Oaktree Capital Management
$16B
12th flagship fund

PSG
$8B
Sixth flagship fund ($6B) and a new continuation fund ($2B)

Thomson Reuters
$150M
Second VC fund

Ulu Ventures
$208M
Fourth fund

Private Equity Deals

Tiger Infrastructure Partners
Bolder Industries
Undisclosed amount
Boulder, CO-based circular-economy infrastructure platform for the rubber, plastic and petrochemical industries

Platinum Equity
Global the Source
Undisclosed amount
Universal City, TX-based master distributor of HVAC/R components

Purchase Capital
Jetset Pilates
Undisclosed amount
New York, NY-based reformer Pilates chain

McNally Capital
Jewett Automation
Undisclosed amount
Richmond, VA-based manufacturer of industrial filtration equipment and automation solutions

Fourshore Partners
Palm Coast Sales
Undisclosed amount
Jupiter, FL-based wholesale distributor of outdoor kitchen appliances

Nautic Partners
Proud Moments ABA
Undisclosed amount
Brooklyn, NY-based provider of applied behavioral analysis (ABA) therapy to children with autism

Multiples
QBurst
Undisclosed amount
Chantilly, VA-based product development and consulting company

Rotunda Capital Partners
RMH Systems
Undisclosed amount
Waukee, IA-based provider of material handling, packaging, and automation solutions

RF Investment Partners
S&K Building Services
Undisclosed amount
Indianapolis, IN-based provider of window washing and related services to multi-story commercial properties

Gemspring
Sitemetric
Undisclosed amount
Houston, TX-based provider of construction jobsite security, safety, and workforce management solutions

PSG
Uscreen
Undisclosed amount
Bethesda, MD-based video monetization platform for creators

Warburg Pincus
Vermont Information Processing
$1B
Colchester, VT -based provider of software for beverage distributors

The Riverside Co.
Wall Street Prep
Undisclosed amount
Newton, MA-based provider of financial training solutions and certifications

Venture Capital Deals

Accurant International, Carrier Global, Climate Investment, Breakthrough Energy Ventures, Next47, and Wind Ventures
75F
$45M
Minneapolis, MN-based company commercial HVAC automation company

NEA, Foresite Capital, RA Capital Management, Bain Capital Life Sciences, Redmile Group, Samsara BioCapital, Sanofi Ventures, Pontifax, Mass General Brigham Ventures, New Leaf Ventures, abrdn, BlackRock, Eurofarma Ventures, and Soleus Capital
Abcuro
$200M
Newton, MA-based developer of anti-KLRG1 treatments for autoimmune diseases and cancer

S2G Investments
ANA
$50M
Henderson, NV-based maker of hybrid mobile generators

Amplify Partners and Spark Capital
Antithesis
$30M
Vienna, VA-based autonomous software testing startup

B Capital, Capital Factory, and Google
Apptronik
$350M
Austin, TX-based developer of humanoid robots

PeakSpan Capital, YC, Trestle Partners, and Singularity Capital
Boostly
$22M
Lehi, UT-based provider of SMS marketing software for restaurants

Oak HC/FT
Candid Health
$52.5M
San Francisco, CA-based revenue cycle management platform for medical billing

Bond and Workday
Comulate
$20M
San Francisco, CA-based revenue management platform for insurance brokers

Menlo Ventures, Left Lane Capital, Foundation Capital, and Afore Capital
ConverzAI
$16M
Redmond, WA-based provider of recruiting software

Tiger Global, Maverick Silicon, Capital TEN, SIP Global Partners, Zero Infinity Partners, CTBC VC, Vanderbilt University, Morgan Creek Digital, RTX Ventures, Anzu Partners, Scout Ventures, AlleyCorp, ACVC, and S5VEn
Charge AI
$100M
Santa Clara, CA-based developer of analog in-memory-computing AI chips

The Steele Foundation
Epicore Biosystems
$26M
Cambridge, MA-based wearables startup

General Catalyst, Floodgate, Sierra Ventures, Hakluyt Capital, Defy, Everywhere Ventures, B3 Capital, Backbone, and Firsthand
Eudia
$30M
Palo Alto, CA-based AI platform for enterprise legal teams

8VC, Autotech Ventures, Munich Re Ventures, and Weatherford Capital
High-Definition Vehicle Insurance
$40M
Chicago, IL-based commercial auto insurance startup

NVP and Tiger Global
ICON
$56M
Austin, TX-based company that builds homes using 3D printing

Beringea
InvestNext
$15M
Detroit, MI-based real estate investment management platform

Lightspeed Venture Partners, Altimeter Capital, Alpine Space Ventures, and First Round Capital
K2 Space
$110M
Torrance, CA-based satellite platform

CRV, HubSpot Ventures, Recall Capital, and Afore
Koala
$15M
San Francisco, CA-based CRM startup

Pulse Fund, Social Capital, and Seven Seven Six
Mast Reforestation
$25M
Seattle, WA-based reforestation startup

Acrew Capital, Morgan Stanley, Amex Ventures, TIAA Ventures, Allstate, Intel Capital, Mango Capital, and True Ventures
Moderne
$30M
Miami, FL-based automated code refactoring and analysis company

Goldman Sachs Alternatives, Novo Holdings, Longwood Fund, DCVC Bio, and Arkin Bio Capital
Newleos Therapeutics
$93.5M
Boston, MA-based developer of anti-anxiety drugs

Five Elms Capital
Pathify
$25M
Denver, CO-based digital engagement hub for higher ed

Battery Ventures, Index Ventures, and Connect Ventures
Plain
$15M
San Francisco, CA-based B2B customer support startup

Forerunner Ventures, Left Lane Capital, and Felicis
Prenuvo
$120M
Redwood City, CA-based provider of whole-body MRI screening

Google and SoftBank
QuEra Computing
$170M
Boston, MA-based quantum computing startup

Activant Capital, a16z, Nyca Partners, GV, Geodesic Capital, Cross Creek Capital, Moody’s Analytics, Experian Ventures, and NAventures
Sardine
$70M
Miami, FL-based fraud prevention startup

Brightmind Partners, Costanoa Ventures, M12, and Cisco Investments
SGNL
$30M
Palo Alto, CA-based identity management startup

Vertex Growth Singapore, Trident Partners, Xeed VC, Arkam Ventures, Prosus Ventures, and Premji Invest
SpotDraft
$54M
New York, NY-based contract management platform for in-house legal teams

Threshold Ventures, Craft Ventures, Intel Capital, and YC
Suger
$15M
San Francisco, CA-based platform for helping software companies transact on cloud marketplaces

The Scherzer Deal Report: February 3-7, 2025

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

Balbec Capital
$1.7B
Sixth private credit fund

CF Private Equity
$665M
15th venture fund-of-funds ($539M), second venture direct fund ($100M, and a blockchain venture fund ($25M)

Conviction Partners
$230M
Second fund

GTMfund
$54M
Second VC fund

Longshore Capital Partners
$325M
Second fund

o15 Capital Partners
$370M
Credit opportunities fund

Overlap Holdings
$33M
Debut VC fund

Petra Capital Partners
$270M
Fifth growth equity fund

TVM Ventures
$100M
Debut fund

Private Equity Deals

Blackstone
AI Fire
Undisclosed amount
Long Beach, CA-based provider of fire safety equipment

TPG
Altus Power
Undisclosed amount
Stamford, CT-based owner of largest commercial-scale solar in the U.S.

The Stephens Group
Astro Pak
Undisclosed amount
Costa Mesa, CA-based provider of cleaning services for regulated industries

Brookfield
Chemelex
Undisclosed amount
Houston, TX provider of electric thermal and sensing solutions

Trinity Hunt Partners
Craft and Verndale
Undisclosed amount
Boston, MA-based digital customer experience services companies

Frontenac
CROM
Undisclosed amount
Gainesville, FL-based provider of water infrastructure solutions

Permira
Encore Fire Protection
Undisclosed amount
Pawtucket, RI-based leading provider of fire protections services

Architect Equity
Gibbs Die Casting
Undisclosed amount
Henderson, KY-based maker of die-cast products for the automotive and industrial markets

DigiCap
Govplace
Undisclosed amount
Bethesda, MD-based provider of IT solutions for federal agencies

Rubicon Founders
Horizon Infusions
Undisclosed amount
Blue Ash, OH-based ambulatory infusion provider

Godspeed Capital
InSite Engineering
Undisclosed amount
Hoover, AL-based water and wastewater engineering firm

Greenhall Capital Partners
Johnson Communications
Undisclosed amount
Alvarado, TX-based company focused on on rural fiber-optic telecom deployment

Stone Point Capital
Kestra
Undisclosed amount
Austin, TX-based wealth management platform

Bain Capital
Milacron
Undisclosed amount
Batesville, IN-based provider of plastic processing equipment and services

JLL Partners
Odyssey Behavioral Healthcare
Undisclosed amount
Brentwood, TN-based provider of behavioral health care

Energy Spectrum Partners
Renegade Infrastructure
Undisclosed amount
Houston, TX-based developer and acquirer of midstream energy infrastructure

JMI Equity
SimpliGov
Undisclosed amount
Sacramento, CA-based government workflow automation platform

Turn/River Capital
SolarWinds
Undisclosed amount
Austin, TX-based provider of observability and IT management software

Court Square Capital Partners and WindRose Health Investors
Soleo Health
Undisclosed amount
Frisco, TX-based infusion company

CIVC PartnersStrategus
Undisclosed amount
Englewood, CO-based managed services provider of connected TV advertising campaigns

Berkshire Partners
Triumvirate Environmental
Undisclosed amount
Somerville, MA-based provider of environmental services

Venture Capital Deals

Greylock, Spark Capital, and CRV
7ai
$36M
Boston, MA-based agentic security platform

Energize Capital, Lightspeed Venture Partners, Bain Capital Ventures, G9 Ventures, Capital F, Woodline Partners, and Frontline Growth
Archive
$30M
San Francisco, CA-based online resale platform for fashion

Northzone, Sofina, and FJ Labs
Berry Street
$50M
New York, NY-based nutrition counseling platform

Nexus Venture Partners
Cognida.ai
$15M
Chicago, IL-based enterprise AI startup

Goldman Sachs, General Catalyst, and Forerunner
Fay
$50M
San Francisco, CA-based digital nutritional therapy company

DFJ Growth, Booz Allen Ventures, Revolution Capital, Costanoa Ventures, Washington Harbour Partners, Veteran Ventures, and Founders Circle Capital|
Hidden Level
$65M
Syracuse, NY-based drone defense startup

Battery Ventures, Citi Ventures, Sorenson Capital, and Pelion Ventures Partners
Jump
$20M
Salt Lake City, UT provider of AI solutions for financial advisors

Flare Capital Partners, CVS Health Ventures, McKesson Ventures, .406 Ventures, Obvious Ventures, and Frist Cressey Ventures
Lynx
$27M
Boston, MA-based fintech for healthcare payments and administration

Base10 Partners
Monograph
$20M
San Francisco, CA-based architecture project management platform

USV, Congruent Ventures, Powerhouse Ventures, and Jetstream
Presto
$15M
Oakland, CA-based developer of charging-management software for EV fleets

Left Lane Capital, YC, Base10, and FundersClub
Riot
$30M
New York, NY-based provider of employee-focused cyber-protection software

Menlo Ventures, Felicis, Harpoon Ventures, Lightspeed Venture Partners, Redpoint Ventures, and Sequoia Capital
Semgrep
$100M
San Francisco, CA-based application security platform

Cambridge Cos SPG, Eni Next, Milliken & Co., Kirkbi Climate, Convent Capital, Swen Capital Partners, MBX Capital, and the Oman Investment Authority
Tidal Vision
$140M
Bellingham, WA-based green chemistry startup

Warburg Pincus and Berkshire Partners
Triumph Group
$3B
Radnor, PA-based maker of aftermarket parts for aerospace and defense systems

Intel Capital, Jump Capital, Eniac Ventures, and Peak XV Partners
TrueFoundry
$19M
San Francisco, CA-based AI deployment and scaling platform

NewRoad Capital Partners, Roku, Second Alpha Partners, Norwest Venture Partners, S4S Ventures, and Progress Ventures
tvScientific
$25.5M
El Segundo, CA-based ad tech startup

Altos Ventures, New Legacy Ventures, Lerer Hippeau, Catapult Ventures, Lavrock Ventures, New Stack Ventures, TenOneTen, DA Ventures, Union Labs VC, and Techstars
Urban Sky
$30M
Denver, CO-based stratospheric balloon maker

Segra Capital Management, Jane Street, Ares Management, and Emerson Collective
X-energy

$700M
Rockville, MD-based developer of small modular reactors

KKR
XOi
$230
MNashville, TN-based provider of field service tech

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