The Scherzer Deal Report: December 9-13, 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
Carlyle
$7.1B
Third credit opportunities fund
Centana Growth Partners
$600M
Third fund
Dimension
$500M
Second fund
Humba Ventures
$40M
Second deep-tech and defense-tech fund
Laude Ventures
$150M
Debut fund
Redesign Health
$175M
New fund
Private Equity Deals
Shore Capital Partners
Agentis Longevity
Undisclosed amount
Nashville, TN-based longevity health care platform
Clarion Capital Partners
Arthur Murray International
Undisclosed amount
Coral Gables, FL-based international franchisor of dance studios
Blue Owl Capital
Bitkraft Ventures
Undisclosed amount
San Francisco, CA-based VC firm focused on gaming
Comvest Private Equity
Bland Landscaping
Undisclosed amount
Apex, NC-based provider of commercial landscaping services
TruArc Partners
DMI Personal Care
Undisclosed amount
Wharton, NJ-based contract manufacturer for beauty and personal care brands
Broad Sky Partners
Frontline Managed Services
Undisclosed amount
Atlanta, GA-based provider of managed services for the legal industry
Platinum Equity
Global the Source
Undisclosed amount
Universal City, TX-based master distributor of HVAC/R components
Google and TPG Rise Climate
Intersect Power
Undisclosed amount
Houston, TX-based renewables firm
Clear Peak Capital
ITsynch
Undisclosed amount
Orlando, FL-based provider of fleet management software for the cruise and maritime industries
New Heritage Capital
JA Moody
Undisclosed amount
Malvern, PA-based provider of marine products to U.S. Navy and commercial clients
Orion Infrastructure Capital, Nexus Holdings, Khasma Capital, Sterling Bank and Ameris Bank
Nexus W2V
$140M
Greenville, SC-based waste-to-fuels developer
Argosy Healthcare Partners
Nicklas Medical Staffing
Undisclosed amount
Jacksonville, FL-based staffing firm for pathology and histology labs
Patient Square Capital
Patterson Cos.
Undisclosed amount
Menlo Park, CA-based dental and animal health products distributor
Recognize
SDG Corp.
Undisclosed amount
Norwalk, CT-based provider of cybersecurity services
TZP Growth Equity
TruVideo
Undisclosed amount
Wellesley, MA-based provider of AI and AR communications tech for the transportation industry
Venture Capital Deals
Theory Ventures
Aampe
$18M
San Francisco, CA-based developer of AI agents for consumer apps
Coatue
Albert Invent
$22.5M
Oakland, CA-based AI platform for the chemicals sector
Bain Capital Life Sciences, Janus Henderson, OrbiMed, 3H Health Investment, Yonghua Capital, Legend Capital, and Elikon Venture
Angitia Biopharmaceuticals
$120M
Woodland Hills, CA-based biotech focused on serious musculoskeletal diseases
Sapphire Ventures and Mucker Capital
Ask Sage
$17M
Arlington, VA-based GenAI platform for DoD and other government agencies
Advent Global Opportunities, Light Street Capital, AMD Ventures, Intel Capital, and NVIDIA
Ayar Labs
$155M
San Jose, CA-based provider of optical interconnect solutions for large-scale AI workloads
Vertex Growth Fund, Nexus NeuroTech Ventures, Action Potential, Johnson & Johnson, Lightstone, Lux, GV, OSF Ventures, Ascension Ventures, TriVentures, Reimagined Ventures, Peak6, and Fiscus
Cala Health
$50M
San Mateo, CA-based bioelectronic medicine startup
Eclipse, Yu Galaxy, and Intuitive Ventures
Capstan Medical
$110M
Santa Cruz, CA-based developer of minimally invasive treatments for heart valve disease
Index Ventures
Cartesia
$22M
San Francisco, CA-based developer of state-space models
Founders Fund, Fidelity, Long Journey Ventures, Mubadala, NVIDIA, Ribbit Capital, and Valor Equity Partners
Crusoe
$600M
San Francisco, CA-based AI data center provider
Insight Partners, M12, BGV, Capital One Ventures, Engineering Capital, and Vertex Ventures
Envinced
$55M
Carlsbad, CA-based maker of accessibility dev tools
DN Capital, Framework, Clear Ventures, and Fellows Fund
Evidently
$15M
Palo Alto, CA-based AI platform for health-care workflows
Base10 Partners, Inovia Capital, White Star Capital, and Fonds de solidarité FTQ
Flare
$30M
Encinitas, CA-based cyber threat intelligence focused on data theft
Avataar Ventures and Qualcomm Ventures
LambdaTest
$38M
San Francisco, CA-based software testing platform
M12, Mayfield, Stepstone Group and Prosperity7 Ventures
NeuBird
$22.5M
San Francisco, CA-based software and infrastructure reliability management startup
Alpha Edison
One Bio
$27M
David, CA-based developer of a concentrated form of fiber
M&G Catalyst and Glade Brook Capital Partners
Pixxel
$24M
Los Angeles, CA-based developer of a hyperspectral satellite constellation
Bluestone Equity Partners
Players Health
$60M
Minneapolis, MN-based provider of athlete safety and sports insurance solutions
Deerfield Management, Foresite Capital, and Medical Excellence Capital
Pleno
$25M
San Diego, CA-based biological target detection startup
Peak XV, Titanium Ventures, Accel, and Valley Capital Partners
RapidCanvas
$16M
Austin, TX-based provider of AI agents for data scientists
Maverix Private Equity, MacKinnon, Bennett & Co., Blue Bear Capital, Congruent Ventures, Buoyant Ventures, and YC
Raptor Maps
$35M
Boston, MA-based developer of solar farm monitoring software
Regeneron Ventures, Cure Ventures, and Invus Group
Tasca Therapeutics
$25M
Boston, MA-based oncology biotech
HubSpot Ventures, In-Q-Tel, Databricks, SK Telecom, and Snowflake Ventures
Twelve Labs
$40M
San Francisco, CA-based AI company focused on video understanding
Bessemer Venture Partners, Abstract Ventures, AI Grant, Y Combinator, Saga Ventures, and Michael Ovitz
Vapi
$20M
San Francisco, CA-based AI voice startup
Suvretta Capital Management, Longitude Capital, Surveyor Capital, Osage University Partners, PhiFund, JW Childs, and Connecticut Innovations
Veradermics
$75M
New Haven, CT-based developer of dermatologic drugs
a16zWave
Forms AI
$40M
Menlo Park, CA-based audio LLM startup
Toyota’s Woven Capital, Activate Capital, Collab Fund, Emerson Collective, and Salesforce Ventures
WeaveGrid
$28M
San Francisco, CA-based EV charging software provider
Insight Partners
Zest AI
$200M
Burbank, CA-based automated underwriting startup
The Scherzer Deal Report: December 2-6, 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
Atlas Venture
$450M
14th biotech-focused VC fund
Swish Ventures
$60M
New seed fund
Valeas
$600M
Debut fund
Private Equity Deals
Lowercarbon Capital and Collaborative Fund
Acceleron Fusion
$24M
Cambridge, MA-based developer of muon-catalyzed fusion energy
Congruent Ventures, Liberty Mutual Investments CalSTRS, Sequoia Capital, XN, Blue Earth Capital, Wellington Management, Range Ventures, and Tao Capital Partners
Amp Robotics
$91M
Louisville, CO-based developer of trash-sorting robots and recycling facilities
Insight Partners, Battery Ventures, and insiders
Cleerly
$106M
New York, NY-based provider of early detection for heart problems
Decarbonization Partners, MassMutual Ventures, Avista Development, Clean Energy Ventures, Energy Innovation Capital, Energy, LG Technology Ventures, and Zoma Capital
ConnectDER
$35M
Philadelphia, PA-based provider of residential decarbonization solutions
Eos Ventures and TIAA Ventures
DPL Financial Partners
$23M
Louisville, KY-based platform for commission-free annuities
Canaan Partners, Kleiner Perkins, Peak XV Partners, Wing Ventures, and Recall Capital
Enterpret
$20.8M
San Francisco, CA-based customer feedback insights platform
Future Positive, Lowercarbon Capital, Japan Airlines, Mitsubishi (Americas), Mitsui, Siemens Financial Services, and H&M Group
Heirloom
$150M
San Francisco, CA-based direct air capture company
BlackRock
HPS Investment Partners
$12B
New York, NY-based private credit manager
Light Street Capital, NewView Capital and Partners Group
Lumin Digital
$160M
San Ramon, CA-based digital banking provider
Frazier Life Sciences, Deep Track Capital, Janus Henderson Investors, Logos Capital, Third Rock Ventures, Arch Venture Partners, and Matrix Capital Management
Maze Therapeutics
$115M
South San Francisco, CA-based human genetics biotech
Accel
Public
$105M
New York, NY-based investing platform
Camber Creek and Left Lane Capital
S.MPLE
$45M
New York, NY-based sales app for real estate brokers
Foresite Capital, Torch Capital, Montage Ventures, Friedom Partners, Read Capital, and One Eight Capital
Sollis Health
$33M
New York, NY-based concierge care provider
Sapphire Ventures, General Catalyst, Next47, and NGP Capital
Tractian
$120M
Atlanta, GA-based manufacturing AI startup focused on reducing downtime
Intel Capital, SYN Ventures, Sorenson Capital, Rain Capital, and Wipro Ventures
Tuskira
$28.5M
San Francisco, CA-based threat defense platform
Craft Ventures, TCV, Alta Park Capital, Greylock, Cyberstarts, Leaders Fund, Cerca, and Sheva
Upwind
$100M
San Francisco, CA-based cloud security startup
TPG, Temasek, and Neuberger Berman Capital Solutions
Veeam
$2B
Seattle, WA-based data resiliency firm
XYZ VC, Glynn Capital, Nava Ventures, Bloomberg Beta, and Mango Capital
Yurts
$40M
San Francisco, CA-based developer of AI chatbots for DoD and other high-security users
Venture Capital Deals
Altus Capital Partners
Air Innovations
Undisclosed
Houston, TX-based maker of environmental control units for manufacturers and distributors
Vector Capital
Bigtincan
Undisclosed amount
Waltham, MA-based provider of enterprise sales enablement software
CCMP
Combined Caterers
Undisclosed amount
Charlotte, NC-based event management and catering services provider
Insight Partners
Cosmo Tech
Undisclosed amount
French provider of AI simulation software for enterprise decision-making
PSG
Element451
$175M
Raleigh, NC-based higher ed CRM
Sojourner Consumer Partners
Hawaii Coffee Co.
Undisclosed amount
Honolulu, HI-based coffee
Private Equity
Ingtegris
Undisclosed amount
Cranbury Township, NJ-based cybersecurity and IT consulting firm
Blackstone Tactical Opportunities, Greater Sum Ventures, Goldman Sachs, Insight Partners, and PSG
Inhabit
Undisclosed amount
Knoxville, TN-based provider of property management software
VSE
Kellstrom
Undisclosed amount
Davie, FL-based aerospace engine aftermarket company
Align Capital Partners
MKB Co.
Undisclosed amount
Belleville, PA-based maker of erosion control, pollution prevention and stormwater management products
Berkshire Partners
RJW
Undisclosed amount
Woodridge, IL-based provider of retail logistics solutions for CPG brands
CVC Capital Partners
Therakos
Undisclosed amount
Raritan, NJ-based developer of extracorporeal photopheresis delivery systems for immunomodulatory therapies
Summit Partners
UHY
Undisclosed amount
Albany, NY-based provider of accounting, tax, consulting, and advisory services
Avenue Sports Fund
Unrivaled
Undisclosed amount
New York, NY-based new 3-on-3 women’s basketball league
Follow Up to Client Alert Regarding Compliance with the New York Clean Slate Act
Please note: Sample forms should NOT be construed as legal advice or counsel. Employers should consult their attorneys about their compliance responsibilities under the FCRA and applicable state law. Scherzer International disclaims any warranties, responsibility, or damages associated with or arising from the information provided in this form.
As highlighted in our client alert, the New York Clean Slate Act mandates that employers provide certain notices to applicants if an employment-related background screening report contains criminal record information. To assist our clients in meeting this requirement, we prepared a sample form which is linked below.
With any background report that contains a criminal record, we will include this form, the NYS Correction Law Article 23-A, and the Summary of Consumer Rights. You will need to forward the report and the notices to the applicant.
Links:
The Scherzer Deal Report: November 25-29, 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
Frontline Healthcare Partners
$125M
Debut fund
Private Equity Deals
Sagewind Capital
Aechelon
Undisclosed amount
South San Francisco, CA-based provider of image generation software and complex databases for training pilots across the U.S. Department of Defense
NewSpring
C Speed
Undisclosed amount
Liverpool, NY-based provider of radar systems and engineering solutions for civilian and military use.
Bain Capital
Envestnet
Undisclosed amount
Berwyn, PA-based financial software maker
River Associates
ID Label
Undisclosed amount
Lake Villa, IL-based maker of barcode labels and warehouse signage for 3PLs and multi-site manufacturers
Paine Schwartz Partners
Promix
Undisclosed amount
Gainesville, FL-based nutritional supplements maker
Arlington Capital Partners
Team Technologies
Undisclosed amount
Morristown, TN-based provider of manufacturing and supply chain solutions to health-care companies
GTCR
Tricentis
Undisclosed amount
Austin, TX-based software testing firm
Wind Point Partners
Velocity Rail Solutions
Undisclosed amount
Draper, UT-based provider of locomotive services to the rail industry
Venture Capital Deals
Activant Capital, Mischief, Industry Ventures, Thayer Ventures, Assurant, and Amex Ventures
Cardless
$30M
San Francisco, CA-based co-branded credit card startup
Index Ventures, CapitalG, and Conviction
Dev Agents
$50M
San Francisco, CA-based operating system for AI agents
Bond, Sequoia Capital, Greenoaks, and Lightspeed Venture Partners
Eon
$70M
New York, NY-based cloud backup platform
Geoff Tarrant
Fresho
$17M
New York, NY-based order management platform for fresh food wholesalers
Evolution Capital Partners, Bain Capital Ventures, SYN Ventures, Harmony Group, Corner Capital Management, Dropbox Ventures, and ServiceNow Ventures
Halcyon
$100M
Austin, TX-based cybersecurity startup focused on ransomware
Kindred Ventures, 500 Global, Race Capital, YC, Soma Capital, Pioneer Fund, and TRAC
PlayAI
$21M
Palo Alto, CA-based voice AI platform
Cathay Innovation and Gradient Ventures
Range
$28M
McLean, VA-based wealth management tech startup
Forerunner, FirstMark Capital, Sequoia Capital, and TMV
Roon
$15M
Bedford, NY-based video Q&A platform for healthcare
Felicis, JetBlue Ventures, P7 Ventures, Clear Ventures, and Wing VC
Wherobots
$21.5M
San Francisco, CA-based data platform for geospatial analytics
The Scherzer Deal Report: November 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.
Sign up: Get private equity and venture capital deals delivered to your inbox every week!
Fundraising for PE & VC Funds
Bain Capital
$5.7B
Second global special situations fund
Bling Capital
$270M
Fourth flagship VC fund
Blue Bear Capital
$160M
Third early-stage climate fund
Frazier Healthcare Partners
$2.3B
11th growth buyout fund
Gramercy Funds Management
$685M
Second emerging markets private credit fund
Initiate Ventures
$45M
Debut fund
Jupiter Bioventures
$70M
Debut fund
NaviMed Capital
$450M
Third fund
Neos Partners
$1.37B
Second fund
Rubicon Technology Partners
$500M
Single-asset continuation fund
Silver Point Capital
$8.5B
Latest direct lending fund
Theory Ventures
$450M
Second fund
Private Equity Deals
Nordic Capital
Anaqua
$2.5B
Boston, MA-based provider of IP management software
Haveli Investment
AppViewX
Undisclosed amount
New York, NY-based provider of automated certificate lifecycle management and public key infrastructure solutions
MidOcean Partners
Arnott Industries
Undisclosed amount
Merritt Island, FL-based maker of air suspension systems and suspension components for the automotive aftermarket
H.I.G. Growth Partners
Carebox
Undisclosed amount
Sanford, NC-based provider of clinical trials software
Norwest Venture Partners
Divi
Undisclosed amount
Dallas, TX-based hair care startup
Morgan Stanley Capital Partners
FoodScience
Undisclosed amount
Williston, VT-based provider of pet and human nutritional supplements
Charlesbank Capital Partners
Implan
Undisclosed amount
Huntersville, NC-based provider of economic impact data and analytical software
Sunstone Partners
KMS Technology
Undisclosed amount
Atlanta, GA-based provider of software development and testing services
Blackstone
Lancium
$500M
Houston, TX-based data center developer
Investcorp and PSP Investments
PKF O’Connor Davies
Undisclosed amount
Harrison, NY-based accountancy firm
Periscope Equity
RepTrak
Undisclosed amount
Boston, MA-based provider of reputation intelligence solutions
Venture Capital Deals
Kairos HQ, PACE Healthcare Capital, Emmeline Ventures, and Amboy Street Ventures
Alloy
$16M
New York, NY-based menopause care startup
Mitsubishi
Ample
$25M
San Francisco, CA-based EV battery swapping startup
Alter Venture Partners, Cisco Investments, Moment Ventures, Wistron, Accton, Celestica, and Qualcomm Ventures
Aviz Networks
$17M
San Jose, CA-based networking software company
Upfront Ventures
BrightAI
$15M
Hackensack, NJ-based provider of physical infrastructure monitoring solution
Blackstone Innovations Investments, Fintop Capital, and Jam Fintop
Cardo AI
$15M
New York, NY-based private credit tech platform
Astō Consumer Partners and Amberstone
Clean Skin Club
$32M
Weston, FL-based maker of disposable facial towels
Lightspeed Venture Partners, Khosla Ventures, Coatue, Dell Technologies Capital, and Nat Friedman
Distyl
$20M
San Francisco, CA-based startup that helps integrate AI into core biz workflows
Conti Ventures and The Production Board
EarthOptics
$24M
Arlington, VA-based developer of soil data software for agriculture
Kinnevik, FPV, Baillie Gifford, Premji Invest, Lingotto Innovation, Lux Capital, Dimension Capital, True Ventures, Cresset Partners, The Nature Conservancy, and Henry Kravis
Enveda
$130M
Boulder, CO-based drug discovery startup that focuses on medicinal plants
StepStone Group, Emergence Capital, Caffeinated Capital, and Pear VC
Federato
$40M
San Francisco, CA-based insurance underwriting platform
Volta Energy Technologies
Iontra
$45M
Centennial, CO-based supplier of battery charger microcontrollers
The Blackstone Group
Jersey Mike’s Subs
$8B
Manasquan, NJ-based sandwich shop chain
Tiger Global, Balderton, OTPP, 137 Ventures, a16z, Index Ventures, CRV, Sapphire Ventures, and Notable Capital
Kong
$175M
San Francisco, CA-based developer of cloud API tech
Cisco Investments, JPMorgan, K5 Global, and Nvidia
Lightning AI
$50M
New York, NY-based provider of AI dev tools
Cerberus, Murata Electronics North America Inc., IAG Capital Partners, Safar Partners, QVT, Element Six, and In-Q-Tel
Lightsynq
$18M
Boston, MA-based quantum interconnect startup
Altos Ventures, Ridge Ventures, Zigg Capital, Susa Ventures, and Amplo
Lightyear
$31M
New York, NY-based network procurement startup
Pantera Capital, Polychain Capital, PokerGo, Hack VC, Dream Ventures, Accomplice, Mirana, and Josh Hannah
Monkey Tilt
$30M
Las Vegas, NV-based online gaming platform
Benchmark
New Lantern
$19M
San Francisco, CA-based AI radiology startup
Celesta Capital, Tenacity Ventures, Cedars Sinai, Eragon, and Singularity Ventures
OneCell Diagnostics
$16M
Cupertino, CA-based precision oncology startup
Aliment Capital
OneRail
$42M
Orlando, FL-based omnichannel fulfillment startup
Teradyne Robotics Ventures, Toyota Ventures, Ranpak, Third Kind Venture Capital, One Madison Group, Hyperplane, and Catapult Ventures
Pickle Robot
$50M
Cambridge, MA-based developer of warehouse robots
Siddhi Capital, Piva Capital, Betagro Ventures, Chipotle, Griffith Foods, and Astanor Ventures
Plantible Foods
$30M
San Diego, CA-based maker of plant-based protein
8VC
Seen Health
$22M
San Francisco, CA-based PACE provider for senior health care
KDDI, Axon, and Linse Capital
Skydio
$170M
San Mateo, CA-based drone maker
Runway Growth Capital
Snap Mobile
$23M
Seattle, WA-based fundraising platform for schools and organizations
Goldman Sachs Alternatives
Spectro Cloud
$75M
San Jose, CA-based Kubernetes management startup
Socium Ventures, Nvidia, Databricks, and Play Time Ventures
SuperAnnotate
$36M
San Francisco, CA-based provider of software for managing large-scale AI datasets
B Capital, CommonSpirit Health, CVS Health Ventures, RA Capital Management, Nexus NeuroTech Ventures, GV, Optum Ventures, and Rock Health Capital
Synapticure
$25M
Chicago, IL-based virtual care company for patients and caregivers living with neurodegenerative diseases like Alzheimer’s and Parkinson’s
Prelude Ventures, Lowercarbon Capital, Earthshot Ventures, WovenEarth Ventures, Fall Line Capital, and Rethink Impact
Vaulted Deep
$32M
Houston, TX-based biomass carbon removal and storage startup
Spark Capital, YC, Felicis, and Day One Ventures
Wordware
$30M
San Francisco, CA-based operating system for AI development
Cook Medical, Invus Opportunities, F-Prime Capital, and Medical Technology Venture Partners
Zenflow
$24M
San Francisco, CA-based developer of a minimally invasive device for benign prostatic hyperplasia