The Scherzer Deal Report: May 13-17, 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
Accel
$650M
Eighth Europe-focused VC fund
Accion
$152.5M
New fund focused on emerging market financial institutions
NewVale Capital
$167M
Debut fund
Peakbridge
$187M
Second growth fund
Sands Capital
$555M
Third life sciences fund
Starshot Capital
$35M
Debut fund
Private Equity Deals
Brightstar Capital Partners
AGS
Undisclosed amount
Las Vegas, NV-based provider of gaming equipment like slot machines
Attain Capital
Excella
Undisclosed amount
Arlington, VA-based IT consultancy
ArcLight Capital Partners
Gulf Coast Express Pipeline
Undisclosed amount
Houston, TX-based natural gas pipeline in the Permian Basin
Mill Point Capital
iQor
Undisclosed amount
Fort Lauderdale, FL-based provider of business process outsourcing solutions
FalconPoint Partners
Jennmar
Undisclosed amount
Pittsburgh, PA-based provider of ground control products for civil infrastructure and other end markets
Watermill Group
Musser Lumber Company
Undisclosed amount
Rural Retreat, VA-based maker of dried hardwood fiber
Permira
Squarespace
Undisclosed amount
New York, NY-based website-building platform for businesses and brands
Venture Capital Deals
Goldman Sachs Alternatives, Eli Lilly, Vivo Capital, RA Capital Management, Point72, EcoR1 Capital, Boxer Capital, Schrödinger, and Inning One Ventures
Ajax Therapeutics
$95M
New York, NY-based blood cancer biotech
Tiger Global, NextEquity Partners, Geodesic Capital, Dallas VC, Sequoia Capital, Kleiner Perkins, and Koch Disruptive Technologies
Alkira
$100M
San Jose, CA-based cloud connectivity company
Wellington Management, G2 Venture Partners, Triangle Peak Partners, Standard Investments, Osage University Partners, and JobsOhio Growth Capital Fund
AssetWatch
$38M
Westerville, OH-based asset monitoring and predictive maintenance firm
Nat Friedman, Daniel Gross, Spark Capital, Quiet Capital, and Patrick and John Collison
Bot Co.
$150M
Scottsdale, AZ-based robotics startup
Schooner Capital, SV Health Investors, Sparta Group, Excelestar Ventures, PV Capital Management, and Catalyst Health Ventures
Brixton Biosciences
$33M
Cambridge, MA-based developer of therapies for chronic and acute pain
XYZ Venture Capital, Addition, Narya Capital, Susa Ventures, and Maverick Ventures
Chapter
$50M
New York, NY-based medicare navigation platform
Spark Capital, Dawn Capital, King River Capital, and G Squared
Cover Genius
$80M
New York, NY-based embedded insurance startup.
General Catalyst, Forerunner Ventures, and 1984
Fay
$25M
San Francisco, CA-based platform that helps dieticians launch insurance-covered practices
Radian Group
FinLocker
$17M
St. Louis, MO-based white-label financial fitness app
SaaStr, Alven, Horsley Bridge, Amplify, Shopify, Sapphire, CRV, and Transpose Platform
Gorgias
$29M
San Francisco, CA-based customer service platform for e-commerce brands
Radical Ventures
Nabla Bio
$26M
Cambridge, MA-based generative protein design startup
ABB, GS Energy, Clean Energy Ventures, and Engie New Ventures
Ndustrial
$18.5M
Raleigh, NC-based industrial energy data provider
Elephant
PayHOA
$27.5M
Lexington, KY-based provider of homeowner’s association management software
Iconiq Growth, KKR, and L Catterton
Restaurant365
$175M
Irvine, CA-based provider of restaurant management software
Transformation Capital
SmarterDx
$50M
New York, NY-based revenue cycle management company
Left Lane Capital
Steno
$46M
Los Angeles, CA-based provider of legal support and court reporting service
Aflac
Tree Line Capital Partners
c. $100M
San Francisco, CA-based lower middle-market direct lender
Accel, CRV, GV, Notable Capital, Bedrock, Geodesic Capital, Tiger Global, 8VC, and SV Angel
Vercel
$250M
Covina, CA-based front-end cloud development platform
Bessemer Venture Partners, Tru Arrow Partners, Drive Capital, Top Harvest Capital, Shasta Ventures, and ID Ventures
Voxel51
$30M
Ann Arbor, MI-based visual AI startup
Valor Equity Partners, Nvidia, Norwest Venture Partners, Micron Ventures, Qualcomm Ventures, and Hitachi Ventures
Weka
$140M
Campbell, CA-based data platform
Valo Ventures, VoLo Earth Ventures, B Current Impact Investment, MIH Capital, and Thin Line Capital
XGS Energy
$20M
Palo Alto, CA-based geothermal energy tech developer
FPV Ventures
Yendo
$15M
Dallas, TX-based provider of vehicle-secured credit cards