The Scherzer Deal Report: June 2-6, 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
Denver Ventures
$20M
Debut seed fund
Energize Capital
$430M
Third climate-tech VC fund
Neuberger Berman
$4B
Second GP-led secondaries fund
Thoma Bravo
$34.4B
16th flagship buyout fund ($24.3B); fifth midmarket fund ($8.1B); and its first Europe-focused fund (€1.8B)
Private Equity Deals
Haveli Investments
Accommodations Plus International
Undisclosed amount
Melville, NY-based provider of accommodations and travel tech solutions
Truelink Capital
Channel Factory
Undisclosed amount
City of Industry, CA-based ad tech firm
Lead Edge Capital, Nuveen Real Estate, and Blackstone
Cove
Undisclosed amount
Washington, DC-based provider of commercial property management software
Roark Capital
Dave’s Hot Chicken
Undisclosed amount
Pasadena, CA-based fast-casual chain
Paceline Equity Partners
Everflow
Undisclosed amount
Carteret, NJ-based wholesale master distributor of plumbing supplies
First Reserve and Fortress Investment Group
Island Energy Service
Undisclosed amount
Kapolei, HI-based provider of fuel logistics and infrastructure
Swander Pace Capital, Partners Capital, and Constitution Capital Partners
Maple Donuts
Undisclosed amount
York, PA-based maker of frozen bakery products
Confluence Point
Perry’s Roofing
Undisclosed amount
Pleasantville, NY-based residential re-roofing contractor
Partners Group
PowerTransitions
Undisclosed amount
Houston, TX-based utility-scale U.S. solar developer
Shore Capital Partners
Sweetmore Bakeries
Undisclosed amount
Park Ridge, IL-based family of bakeries
Carlyle
Trucordia
Undisclosed amount
Lindon, UT-based insurance broker
PSG
Uptick
Undisclosed amount
Menlo Park, CA-based provider of job management software for fire, safety, security, and field services
Venture Capital Deals
Larsen Lam Climate Change Foundation
Aircapture
$50M
Berkeley, CA-based direct air capture startup
Lightstone Ventures and Clavyst
BioAllay Therapeutics
$57.5M
San Jose, CA-based developer of analgesic pain relief products
Founders Fund, a16z, General Catalyst, Lux Capital, and Altimeter
Anduril
$2.5B
Costa Mesa, CA-based defense-tech giant
Global Health Investment Corp., EDBI, Athos, Federov, Viking Global Investors, Sherpalo Ventures, S-Cubed Capital, In-Q-Tel, and Civilization Ventures
Antheia
$56M
Menlo Park, CA-based manufacturer of a major Narcan ingredient
Thrive Capital, a16z, Accel, and DST Global
Anysphere
$900M
San Francisco, CA-based AI coding assistant
Energy Impact Partners
Ciroos
$21M
Pleasanton, CA-based developer of agentic AI tools for ops teams
F-Prime, Spark Capital, FFVC, Acronym Venture Capital, Two Lanterns Venture Capital, APA Ventures, dara5, and Alumni Ventures
Dataplor
$20.5M
Manhattan Beach, CA-based provider of global location intelligence
Egis Capital Partners, Intel Capital, Shasta Ventures, UP2398, and Slow Launch Fund
Deep Sentinel
$15M
Pleasanton, CA-based physical security startup
Linse Capital, DFJ Growth, Valor Equity Partners, Founders Fund, Lux Capital, RTX Ventures, DCVC, Airbus Ventures, Spring Tide, First Principles Group, Balerion Space Ventures, Tamarack Global, and Trousdale Ventures
Impulse Space
$300M
Redondo Beach, CA-based maker of spacecraft for “tugging” satellites across orbits
Glynn Capital, Counterpoint Global, S32, and SAIC
Infleqtion
$100M
Boulder, CO-based quantum computing startup
Venture Partners, Sozo Ventures, Founders Fund, Lineage, and Armada Supply Chain Solutions
Kargo
$18.4M
New York, NY-based warehouse inventory management startup
ARK Invest, DFJ Growth, Founders Fund, G42, Human Capital, Lightspeed, QIA, Sequoia Capital, Thrive Capital, Valor Equity Partners, and Vy Capital
Neuralink
$650M
Fremont, CA-based brain-implant startup founded by Elon Musk
Bain Capital Ventures, Khosla Ventures, and Pathlight Ventures
Obvio
$22M
San Carlos, CA-based developer of AI-powered traffic cameras
Salica Investments
Outcomes4Me
$21M
Boston, MA-based AI cancer care startup
General Catalyst, a16z, First Round Capital, and Radical Ventures
Prepared
$80M
New York, NY-based provider of emergency response tools
Flourish Ventures and Accenture Ventures
Reserv
$25M
New York, NY-based insurance claims admit
Snowflake Ventures, Rocketship VC, MVP Ventures, Cox Enterprises, Mayfield, and Benchmark
Sema4.ai
$25M
Atlanta, GA-based agentic AI startup
Actium, Gates Foundation Strategic Investment Fund, Danaher Ventures, Eli Lilly, and Bright
EdgeSignify Bio
$15M
Dallas, TX-based developer of personalized medicines
Goldman Sachs Alternatives
Simetrik
$30M
New York, NY-based reconciliation platform for finance teams
Google, Chevron, and NEA
TAE Technologies
$150M
Foothill Ranch, CA-based fusion energy startup
Greycroft, Index Ventures, Scale Venture Partners, Meritech Capital, and Homebrew
Thread AI
$20M
New York, NY-based startup that helps enterprises design and manage complex workflows
Camber Partners
Trustifi
$25M
New York, NY-based email cybersecurity startup
Protagonist
Vivrelle
$62M
New York, NY-based luxury accessories membership service
NewRoad Capital Partners
Voxel
$44M
San Francisco, CA-based logistics safety startup
The Scherzer Deal Report: May 26-30, 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
L Catterton
$11B
New fund commitments, including $6.75 for its tenth flagship buyout vehicle
RCP Advisors
$314M
14th fund-of-funds
Terminus Capital Partners
$250M
Debut fund
Zeal Capital Partners
$82M
Second fund
Private Equity Deals
Bain Capital
Acrisure
$2.1B
Grand Rapids, MI-based insurer
Vista Equity Partners
Acumatica
Undisclosed amount
Bellevue, WA-based ERP software firm
Brookfield Asset Management and CDPQ
Antylia Scientific
$1.34B
Vernon Hills, IL-based lab supplies maker
Breakwater Management, Genesis Park, and Tecum Capital
Chemistry
Undisclosed amount
Atlanta, GA-based marketing agency
Coalesce Capital
DAS Health
Undisclosed amount
Tampa, FL-based provider of health-care IT solutions
Sunstone Partners and Cressey & Co.
ProgenyHealth
Undisclosed amount
Plymouth Meeting, PA-based maternity and NICU care management company
Littlejohn & Co.
RailPros
Undisclosed amount
Irving, TX-based railroad engineering firm
Kingswood Capital Management and Performance Investment Partners
The Vitamin Shoppe
Undisclosed amount
Secaucus, NJ-based retailer of nutrional supplements
Valeas Capital Partners
TicketManager
Undisclosed amount
Calabasa, CA-based provider of enterprise event ticket and guest management solutions
LLR Partners
TruTechnologies
Undisclosed amount
Durham, NC-based provider of real-time clinical trial oversight
Venture Capital Deals
Accelmed Partners and 3E Bioventures Capital
Acclaro Medical
$23M
Smithfield, RI-based maker of lasers that reduce the effect of skin aging
DTCP, Okta Ventures, Salesforce Ventures, and Two Sigma Ventures
Cerby
$40M
Alameda, CA-based identity security automation startup
Felicis, Triatomic Capital, General Catalyst, Unusual Ventures, and Xfund
Chalk
$50M
San Francisco, CA-based data platform for AI/ML
Khosla Ventures, Bond Capital, Institutional Venture Partners, Battery Ventures, Bessemer Venture Partners, Index Venture, Lightspeed Venture Partners, Benchmark and Coatue
ClickHouse
$350M
Palo Alto, CA-based database startup
BlueCrest Capital Management, Innovius Capital, Matrix Partners, Threshold Ventures, Underscore VC, G20 Ventures, and MongoDB
CloudZero
$56M
Boston, MA-based cloud cost optimization startup
Dragonfly, Altos Ventures, Sound Ventures, Commerce Ventures, DCG, Circle Ventures, Helios Digital Ventures, and Portage Ventures
Conduit
$36M
Palo Alto, CA-based cross-border payments platform using stablecoins
WndrCo and Kindred Ventures
Creatify
$15.5M
Mountain View, CA-based AI video advertising platform
Greenoaks and Valor Equity Partners
David Protein
$75M
New York, NY-based maker of high-protein bars
Adams Street Partners, General Catalyst, Index Ventures, Entrée Capital, Brewer Lane Ventures, SemperVirens, Latitude, and LionTree
Empathy
$72M
New York, NY-based mobile app for grief management
General Catalyst
Grammarly
$1B
San Francisco, CA-based writing assistant
Blackstone and Angelini Pharma
GRIN Therapeutics
$140M
New York, NY-based biotech focused on serious neurodevelopmental disorders
Capricorn Investment Group, Breakthrough Energy Ventures, Energy Impact Partners, Gigascale Capital, Powerhouse Ventures, Valor Equity Partners, TJB Straubel, and Zach Kirkhorn
Heron Power
$38M
Santa Cruz, CA-based developer of solid-state transformers
Avra, Sequoia Capital, Redpoint Ventures, Box Group, Snowflake Ventures, a16z, and Amplify
Hex
$70M
San Francisco, CA-based data analytics workspace
Freestyle, Backed VC, Deepwater, and BY Venture Partners
Infinity Constellation
$17M
Las Vegas, NV-based AI-focused holding company
General Catalyst, Bain Capital Ventures, Activant Capital, and Bessemer Venture Partners
Pallet
$27M
Fremont, CA-based transportation and warehouse software startup
DCVC, Giant Ventures, StepStone VC, Hanwha Asset Management Venture Fund, SGA Capital, Crossbeam Venture Partners, Align Ventures, ARK Invest, Gigascale, HartBeat VC, and Pax Ventures
Radiant
$165M
El Segundo, CA-based developer of nuclear microreactors
Sequoia Capital, First Round Capital, Creandum, and Susa Ventures
Rillet
$25M
Palo Alto, CA-based ERP to automate accounting
Addition, Prosperity 7 Ventures, Greylock, Lightspeed, BNY and QBE
SnorkelAI
$100M
Redwood City, CA-based provider of AI model evaluation tools
Kleiner Perkins, Spark Capital, Greenoaks, and Meritech Capital
Superblocks
$23M
New York, NY-based enterprise app development startup
Atlas Venture, Access Industries, and Canaan Partners
Vima Therapeutics
$60M
Cambridge, MA-based movement disorder biotech
Khosla Ventures, Lingotto Investment Management, Helena Capital, Fortius Ventures, Kairos Ventures, CS Ventures, Bison Ventures, and MBX Capital
Vivodyne
$40M
San Francisco, CA-based developer of lab-grown human tissues
QED Investors, Fifth Wall, Redpoint Ventures, Uncork, Starwood, and Breyer Capital
Wander
$50M
Austin, TX-based vacation rental platform
The Scherzer Deal Report: May 19-23, 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
Arena Investors
$1.1B
Third flagship special situations fund
Creator Ventures
$45M
Second fund
Crestline Investors
$1.7B
Third dedicated NAV financing fund
Dementia Discovery Fund
$269M
Second fund
Eagle Merchant Partners
$415M
Second fund
Emil Capital Partners
$100M
Fourth fund
Factorial Funds
$200M
Second institutional fund
Invictus Growth Partners
$574M
Second fund
Munich Re Ventures
$125M
New fund
QuantumLight
$250M
Debut fund
Scribble Ventures
$80M
Third fund
South Loop Ventures
$21M
Debut fund
Private Equity Deals
H.I.G. Growth Partners
AgileBlue
Undisclosed amount
Cleveland, OH-based network security ops platform
Tigertail Capital Partners
Blue Ridge Global
Undisclosed amount
Atlanta, GA-based supply chain planning company
Authentic Brands Group
Dockers
Undisclosed amount
San Francisco, CA-based brand of garments and other accessories
Boyne Capital
McNish
Undisclosed amount
Aurora, IL-based provider of engineered products for the municipal water and wastewater treatment industries
McNally Capital
Quiet Professionals
Undisclosed amount
Tampa, FL-based defense contractor
Vista Equity Partners
RollKall
Undisclosed amount
Irving, TX-based provider of management software for public safety agencies
EQT
Seven Seas Water Group
Undisclosed amount
Tampa, FL-based water treatment firm in the U.S. and Latin America
Transom Capital Group
SigmaTron International
Undisclosed amount
Elk Grove Village, IL-based electronic manufacturing services company
SEVA Growth
Teleskope
Undisclosed amount
Las Vegas, NV-based employee experience platform
Blackstone
TXNM Energy
Undisclosed amount
Albuquerque, NM-based utility
Greenbriar Equity Group
West Star Aviation
Undisclosed amount
East Alton, IL-based maintenance repair and overhaul services company
Venture Capital Deals
Bain Capital
Acrisure
$2.1B
Grand Rapids, MI-based insurer
Sixth Street Growth, Spectrum Equity, General Catalyst, and Ryan Smith
Awardco
$165M
Salt Lake City, UT-based employee rewards and recognition company
Sequoia Capital
Blues
$25M
Boston, MA-based IoT connectivity startup
Ballistic Ventures, SYN Ventures, Overline, and Silver Buckshot Ventures
Undisclosed
BreachRx
San Francisco, CA-based incident response platform
A16z, Breyer Capital, Circle Ventures, Coinbase Ventures, CoinFund, Pillar VC, and Stanford Engineering VF
Catena Labs
$18M
Chicago, IL-based AI-native financial institution
Upfront Ventures and Thrive Capital
Clair
$23.2M
New York, NY-based embedded earned wage access startup
ABN Amro, Climate Investment, Move Energy, Pi Impact, J-Impact, TO Ventures, and Force Over Mass Capital
Converge
$22M
Concrete sensor startup
Radian Capital
Dazos
$25M
Boca Raton, FL-based software platform for behavioral health providers
Left Lane Capital
FanBasis
$20M
San Francisco, CA-based monetization and management platform for digital creators
SR One, Medicxi, OrbiMed, HBM Healthcare Investments, Wellington Management, Novartis Venture Fund, Cormorant Asset Management, and 3B Future Health Fund
Fore Biotherapeutics
$38M
Philadelphia, PA-based registration-stage cancer drugmaker
Wa’ed Ventures and Tali Ventures
Graphiant
$19M
San Jose, CA-based data network services provider
NewSpring Capital
Kincell Bio
$22M
Gainesville, FL-based cell therapy
CDMOTrinity Capital
Lendflow
$15M
Austin, TX-based embedded credit infrastructure providera
16z, UC Investments, Lightspeed, Laude Ventures, Felicis, Kleiner Perkins, and The House Fund
LMArena
$100M
San Francisco, CA-based AI model reliability platform
Bessemer Venture Partners and Coatue
Miter
$23M
San Francisco, CA-based provider of human capital management software for construction and field services
Forerunner Ventures and FPV Ventures
Monarch
$75M
San Francisco, CA-based personal finance app
Accel
OpenFx
$23M
Pasadena, CA-based cross-border payments infrastructure startup
Decibel, Wing VC, TEDCO, and PrimeSet
Pixee
$15M
Baltimore, MD-based application security startup
Bain Capital Ventures, Index Ventures, YC, Adjacent, Volo Ventures, and SaaStr Fund
RevenueCat
$50M
Brandon, FL-based startup powering subscription apps
SignalFire and 01 Advisors
Siro
$50M
New York, NY-based sales rep coaching platform
Goodwater Capital, YC, NEA, Stanford University, and Menlo Ventures
Slash
$41M
San Francisco, CA-based “vertical banking” startup
nsight Partners and Bessemer Venture Partners
Sweep
$22.5M
New York, NY-based agentic workspace for business systems
Eclipse, CIV, Goldcrest Capital, MCJ Collective, True Ventures, and Wonder Ventures
The Nuclear Company
$51.3M
Lexington, KY-based nuclear energy developer
ServiceNow Ventures, Cisco Investments, Presidio Ventures, OpenView Venture Partners, and Tola Capital
TrustCloud
$15M
Boston, MA-based AI platform for GRC
The Scherzer Deal Report: May 12-16, 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
AE Industrial Partners
$418M
Second aerospace leasing fund
Aligned Climate Capital
$240M
Sixth fund focused on community solar projects
Blue Owl Capital
$7B
Third digital infrastructure fund
Crestline Investors
$3.5B
Fourth direct lending fund
DFJ Growth
$1.2B
Fifth fund
Dynamo Ventures
$54M
Third fund
Kayne Anderson
$2.3B
Third energy income fund
Nexa Equity
$390M
Second fund
Northleaf Capital Partners
$6B
Fourth infrastructure-focused PE fund
Redpoint Ventures
$650M
10th flagship fund
VMG Partners
$1B
Sixth fund
Work-Bench
$160M
Fourth fund
Private Equity Deals
TSG Consumer Partners
EoS Fitness
Undisclosed amount
Phoenix, AZ-based gym chain
T. Rowe Price, Alpha Wave Global, and Temasek
Hub International
Undisclosed amount
Chicago, IL-based insurance broker
Arclight Capital Partners
NGPL
Undisclosed amount
Houston, TX-based natural gas infrastructure company
Five Point Infrastructure
PowerBridge
Undisclosed amount
Houston, TX-based developer of data centers in the Permian Basin
ApolloPower
Grid Services
Undisclosed amount
Hartselle, AL-based provider of maintenance and construction services to electric utilities
Crest Rock Partners
Productive Programming
Undisclosed amount
Verona, WI-based provider of software to health-care and other benefits organizations
Blackstone
TaskUs
Undisclosed amount
New Braunfels, TX-based provider of outsourced digital services and customer experience solutions
IX Capital Partners
Teague Electric
Undisclosed amount
Lenexa, KS-based electrical services provider
Caymus Equity Partners
Valley Lighting
Undisclosed amount
Linthicum Heights, MD-based lighting and shading business
Venture Capital Deals
Vitruvian Partners, WestCap, EDBI, 8VC, and Valor Equity Partners
Addepar
$230M
Mountain View, CA-based provider of wealth management software for RIAs
HealthQuest Capital, Samsara BioCapital, OrbiMed, Action Potential VC, BrightEdge, the Brain Tumor Investment Fund, and Sontag Innovation Fund
Alpheus Medical
$52M
Chanhassen, MN-based developer of sonodynamic therapy for treating solid body cancer
Altira Group, Aramco Ventures, NEA, KDT, and Activant
Arkestro
$36M
San Francisco, CA-based predictive procurement platform
Goldman Sachs Alternatives and Smith Point Capital
Bestow
$120M
Dallas, TX-based life insuretech
Northzone, General Catalyst, AlleyCorp, Kaiser Permanente Ventures, Texas Medical Center Ventures, and 1984 Ventures
Clarium
$27M
New York, NY-based health-care supply chain resiliency platform
Lux Capital, Mayfield, FPV, and Candou Ventures
Cognichip
$33M
San Francisco, CA-based startup using genAI to develop new chips
Temasek, Deerfield Management, Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners
Cohere Health
$90M
Boston, MA-based provider of clinical admin automation tools
Owl Ventures and Blume Ventures
Complement 1
$16M
Bloomington, MN-based cancer lifestyle modification startup
Blackstone
Entrata
$200M
Lehi, UT-based provider of property management software for the multifamily industry
Renegade Partners, Andreessen Horowitz, Primary Venture Partners, Susa Ventures, and 1Sharpe
Flock Exchange
$20M
Atlanta, GA-based exchange for retiring real estate owners
O’Neil Strategic Capital, Susquehanna Private Equity Investments, SignalFire, GLP Capital Partners, and Bracket Capital
Flock Freight
$60M
Encinitas, CA-based shared truckload freight brokerage
Insight Partners, GV, Future Ventures, and Abstract Ventures
Glass Imaging
$20M
Los Altos, CA-based digital imaging startup
A16z, speedrun, Abstract, and Index Ventures
Hedra
$32M
San Francisco, CA-based AI video generation platform
WestCap
iAltA
$20M
New York, NY-based private markets infrastructure startup
AJ Hollander, Integrated Partners, and XPTO
Nortian
$41M
St. Joseph, MO-based collagen production startup
Koch Disruptive Technologies led, joined by Bessemer Venture Partners, The Westly Group, and Activate
Optimal Dynamics
$40M
New York, NY-based decision intelligence platform for logistics
Meritech, Headline, and Alt Capital
Owner.com
$120M
San Francisco, CA-based digital platform for independent restaurant owners
Accel, Insight Partners, Viola Ventures, EXOR, and LionBird
PhaseV
$50M
Boston, MA-based clinical trial and development software startup
Future Ventures, Avila VC, GSBackers, Khosla Ventures, Mayfield, SiteGround, TitletownTech, and Wisconsin Alumni Research Foundation
Realta Fusion
$36M
Madison, WI-based magnetic mirror fusion startup
Lux Capital, Sequoia Capital, and Starship Ventures
Reflect Orbital
$20M
Hawthorne, CA-based space energy startup
Schooner Capital and Alexandria Venture Investments
Remedy Plan Therapeutics
$18M
Gaithersburg, MD-based developer of hyperbolic NAMPT inhibitors
Elad Gil, Sands Capital, GIC, Goldman Sachs Growth, Baillie Gifford, Y Combinator, Founders Fund, Coatue, Bedrock Capital, Greenoaks, Kleiner Perkins, and Sequoia Capital
Rippling
$450M
San Francisco, CA-based provider of HR software
AE Ventures, Crosscut Ventures, Zeon Ventures, and Mitsubishi Electric
Solestial
$17M
Tempe, Ariz.-based space solar busines
Khosla Ventures, SciFi VC, Chan Zuckerberg Initiative, Fusion Fund, Ajinomoto Group Ventures, Pitango HealthTech, TechAviv, Harpoon Ventures, Martin Chavez, and Fidji Simo
Somite
$47M
Boston, MA-based agentic security platform
General Catalyst, a16z, UC Regents, GV, and Accel
Sprinter Health
$55M
Menlo Park, Calif.-based provider of at-home health services
Goodwater Capital, USV, StepStone, Serengeti, University of Illinois Foundation, and T. Rowe Price
Stash
$146M
New York, NY-based investing and savings platform
Strike Capital, Baillie Gifford, NewView Capital, G Squared, Georgia Tech Foundation, Kleiner Perkins, Franklin Templeton, Founders Fund, Bond, and Lux Capital
Stord
$80M
Atlanta, GA-based cloud supply chain company
RA Capital Management, Khosla Ventures, Chugai Venture Fund, Eli Lilly, J&J, Myeloma Investment Fund, and Tachyon Ventures
Stylus Medicine
$40M
Cambridge, MA-based gene editing startup
Magnetar, AMD Ventures, Maverick Silicon, Nexus Venture Partners, and Prosperity7
TensorWave
$100M
Las Vegas, NV-based data center provider
Wing VC, S Ventures, Snowflake Ventures, and Databricks Ventures
Theom
$20M
San Jose, CA-based AI security and data governance startup
Angelini Ventures, Apollo Health Ventures, SV Health Investors, Dementia Discovery Fund, Dolby Family Ventures, Eli Lilly, Foundation for a Better World, MRL Ventures Fund, and Sanofi Ventures
Therini Bio
$39M
South San Francisco, CA-based vascular injury biotech
Razor’s Edge Ventures, Crosslink Capital, Balerion Space Ventures, and Capital Factory Ventures
X-Bow
$105M
Seattle, WA-based provider of solid-rocket motors
Hanaco Ventures, Seraphim, Balerion Space Ventures, JAWS, Vanderbilt University, RiverPark Ventures, Stage 1 Ventures, 7i Capital, and Beyond Earth Ventures
Zeno Power
$50M
Washington, DC-based developer of radioisotope power systems
The Scherzer Deal Report: May 5-9, 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
Deerfield Management
$600M
Third health-care VC fund
Rotunda Capital Partners
$735M
Fourth fund
Vivo Capital
$740M
New fund
XPV Water Partners
$625M
Two funds
Private Equity Deals
TPG and Corpay
AvidXChange
Undisclosed amount
Charlotte, NC-based payments firm
NexPhase Capital
Behavior Frontiers
Undisclosed amount
El Segundo, CA-based autism treatment provider
Strategic Value Partners
Birdsboro Power
Undisclosed amount
Birdsboro, PA-based gas-fired combined-cycle generation facility
Thoma Bravo
HubSync
Undisclosed amount
Franklin, TN-based tax and accounting platform
General Atlantic
Liftoff
Undisclosed amount
Redwood City, CA-based mobile app marketing platform
Shamrock Capital
Neocol
Undisclosed amount
Chicago, IL-based consultancy for go-to-market sales functions
Madison Dearborn Partners
NextGen Healthcare
Undisclosed amount
Irvine, CA-based EHR/EMR company
TPG
Peppertree Capital Management
Undisclosed amount
Chagrin Falls, OH-based digital infrastructure investment firm focused on wireless communications towers
Altas Partners
Redwood Services
Undisclosed amount
Memphis, TN-based platform for home services contractors
Valeas Capital Partners
Suntera Global
Undisclosed amount
Short Hills, NJ-based fund administrator and wealth manager
Arcapita
Trustpoint.One
Undisclosed amount
Atlanta, GA-based provider of tech-enabled legal services to law firms and corporations
Great Hill Partners
Vision Government Solutions
Undisclosed amount
Hudson, MA-based provider of property tax appraisal software
Venture Capital Deals
Thrive Capital, a16z, and Accel
Anysphere
$900M
San Francisco, CA-based maker of AI coding assistant
CursorPoint72 Ventures, 8VC, a16z, Washington Harbour Partners, and StepStone Group
Apex Space
$200M
Culver City, CA-based satellite bus developer
UPMC Enterprises
Carta Healthcare
$18.25M
San Francisco, CA-based provider of clinical data abstraction solutions
Khosla Ventures, Insight Partners, and Valor Equity Partners
Fastino AI
$17.5M
Palo Alto, CA-based developer of task-focused language models for the enterprise
MK Capital, Tamarind Hill, JobsOhio, and Rev1 Ventures
HealthPlan Data Solutions
$15M
Columbus, OH-based provider of pharmacy payment and benefit optimization tools
Obvious Ventures, a16z, Lux Capital, S32, Character, and Amino Collective
Inductive Bio
$25M
Brooklyn, NY-based AI-driven drug discovery startup
Era Fund, Lux Capital, Dash, Gaingels Enterprise, and Gaingels
Jericho Security
$15M
New York, NY-based cybersecurity training platform
Valspring Capital
Koala Health
$20M
Boston, MA-based pet medication delivery group
Razor’s Edge Ventures and Shield Capitalm
Power Technology
$21M
Albuquerque, NM-based space solar company
Kleiner Perkins, Khosla Ventures, Human Capital, and Valor Equity Partners
NewLimit
$130M
San Francisco, CA-based longevity drug startup
Schooner Capital, Magenta Venture Partners, Surround Ventures, AnD Ventures, J-Ventures, and INcapital Ventures
Onebeat
$15M
New York, NY-based inventory platform
DTCP, IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team
8OX Security
$60M
New York, NY-based application security startup
Merck, J&J, Bayland Capital, LAV Fund, BioTrack Capital, and Sherpa Healthcare Partners
PAQ Therapeutics
$39M
Burlington, MA-based protein degradation biotech
Lowercarbon Capital, Starship Ventures, 1517 Ventures, Long Journey Ventures, Garry Tan, and Naval Ravikant
Rainmaker
$25M
Alphretta, GA-based startup that uses drones to enhance rain
Bessemer Venture Partners
Sett
$15M
Phoenix, AZ-based developer of AI agents for building mobile games
Iconiq Growth, Sequoia Capital, and Madrona
Statsig
$100M
Bellevue WA-based product development platform
Denali Growth Partners and Truck 9 Partners
Tobin Scientific
$65M
Beverly, MA-based provider of biopharma logistics
MAK Capital
Trailhead Biosystems
$20M
Beachwood, OH-based regenerative medicine startup
PeakSpan Capital
TSOLife
$43M
Tampa, FL-based insights platform for senior living operators
Coatue, Madrona, GTM Capital, and The Anthology Fund
WisdomAI
$23M
New Hyde Park, NY-based AI data startup focused on reducing hallucinations
NEA, Accel, GV, Forerunner Ventures, and Amex Ventures
Wonder
$600M
Cranford, NJ-based cloud kitchen group that owns Grubhub and Blue Apron