The Scherzer Deal Report: February 27-March 3, 2023
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
$880M
Fifth fund
$2.5B
Second fund
$500M
Debut health care VC fund
$1.9B
Latest flagship fund ($1.4B) and a new opportunities fund ($493M)
$75M
Second fund
$8B
Seventh private credit fund
$825M
Ninth flagship VC fund
$1.2B
First North American private equity fund
$410M
Second music royalty fund
$675M
Eighth fund
$66M
Third fund
$250M
Sixth VC fund
$215M
Debut fund
Private Equity Deals
Dragonfly Capital, Blockchange Ventures, Moonshot Research, EV3, Afore Capital, FJ Labs, Castle Island Ventures, Chaos Ventures, KohFounders, J Ventures
$15M
New York, NY-based ISP
Madrona, WaFd Bank
$15M
Seattle, WA-based banking platform for community and regional banks
The Invus Group
$15.4M
Marina Del Rey, CA-based maker of gut-healthy brownies and other foods
NewSpring, HCAP Partners, Hamilton Lane
$33M
San Diego, CA-based virtual care platform for sleep
Kapor Centerand Motley Fool, Goldman Sachs, Citibank
$80M
Fresno, CA-based tech training company
VoLo Earth Ventures, Microsoft Climate Innovation Fund, Credit Suisse, Builders Vision, New York State Ventures, Unreasonable Collective, Kimbal and Christiana Musk, Gaingels, Van Jones, Kapor Capital, My Climate Journey, Tale Venture Partners, Russell Westbrook
$24M
New York, NY-based building decarbonization startup
Ankona Capital, FirstMark Capital, Access Venture Partners, Next Frontier Capital
$18.9M
Boulder, CO-based employee recognition and rewards platform
Third Rock Ventures, RTW Investments and Perceptive Advisors, Nextech, Janus Henderson Investors, Ally Bridge Group, Wellington Management, T. Rowe Price, Cormorant Asset Management, Piper Heartland, Samsara BioCapital, Red Tree Venture Capital, Emerson Collective
$200M
San Mateo, CA-based developer of CAR T-cell therapies for cancer
GV, Arch Venture Partners, DCVC Bio, Mubadala Capital, Sixth Street, Alexandria Venture Investments, Atlas Venture, Casdin Capital, Cormorant Asset Management, Janus Henderson Investors, Newpath Partners, Omega Funds, Osage University Partners, Sofinnova Partners, T. Rowe Price, Wellington Management
$135M
Cambridge, MA-based developer of single-dose epigenetic editing therapeutics
Zalando, Avery Dennison, Youngone, 8090 Industries, Circulate Capital, Vodia Capital, City Light Capital
$20M
Danville, VA-based textile recycler
SignalFire, Frist Cressey Ventures, Martin Ventures, Yale Medicine, University of Colorado Healthcare Innovation Fund, Mass General Brigham
$55M
Boston, MA-based healthcare revenue cycle services startup
Enbridge, Ara Partners
$100M
Concord, MA-based food waste management startup
Eclipse, Khosla Ventures, DCVC
$60M
Mountain View, CA-based developer of online grocery fulfillment robots
Perceptive Advisors
$100M
New York, NY-based provider of women’s fertility services
Arbor Ventures, Infinity Ventures, Underscore VC, Point 72 Ventures
$34M
Hermosa Beach, CA-based payment intelligence infrastructure startup
DNS Capital, Citi Ventures, USVP, Valor Equity Partners, S&P Global
$23M
Palo Alto, CA-based provider of financial crimes risk management software
M13, Dynamism Capital, R-Squared Ventures, Peterson Ventures, Sidekick Partners
$17M
Minneapolis, MN-based personalization platform for online retailers
CRV, Andreessen Horowitz, Amex Ventures, various angel investors
$73.5M
San Francisco, CA-based chef-to-consumer marketplace
Linse Capital, Hercules Capital, Axon, Andreessen Horowitz, Next47, IVP, DoCoMo, NVIDIA, the Walton Family Foundation, UP Partners
$230M
Redwood City, CA-based autonomous drone-maker
Amplify Partners, Index Ventures, Sequoia Capital, Madrona, Addition Ventures
$75M
Seattle, WA-based microservices orchestration platform
Lightspeed Venture Partners, GV, M12, Menlo Ventures
$65M
San Francisco, CA-based generative AI for enterprise content creation
Greenoaks, Lightspeed Venture Partners, Index Ventures
$300M
New York, NY-based cloud security platform
Neuberger Berman
$76M
New York, NY-based behavioral marketing platform for brands
Venture Capital Deals
General Catalyst, Mastry Ventures
Undisclosed
Laguna Hills, CA-based talent agency that represents athletes
Thoma Bravo
Undisclosed
San Mateo, CA-based provider of business spend management software
Clayton Dubilier & Rice
Undisclosed
New York, NY-based aggregator of wealth management firm
Kanbrick
Undisclosed
Baton Rouge, LA-based provider of electrical safety and test equipment
Genstar Capital
Undisclosed
Southlake, TX-based tech protection and support company
Trinity Hunt Partners Marks
Undisclosed
Overland Park, KS-based accounting, tax, and advisory firm
Integrum
Undisclosed
Concord, MA-based insurance company manager
Turnspire Capital Partners
Undisclosed
Perry, GA-based provider of water asset management services for small and medium public water utilities