The Scherzer Deal Report: February 20-24, 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
Nothing to report this week
Private Equity Deals
Providence Equity Partners
Undisclosed
US provider of STEM curriculum for the K-12 education market
Fiera Infrastructure and Palisade Infrastructure Group
Undisclosed
US-based renewable energy generation and battery storage business
Beach Point Capital Management
Undisclosed
Santa Monica, CA-based sustainable retail thrift store chain
Siguler Guff, Halliburton
Undisclosed
Houston, TX-based emissions management software-as-a-service company
Levine Leichtman Capital Partners
Undisclosed
Petoskey, MI-based franchisor, retailer, manufacturer, and distributor of premium quality chocolate, ice cream, and confectionery products
Sixth Street and Wildcat Capital Management
Undisclosed
Papillon, NE-based laser hair removal company
Thompson Street Capital Partners
Undisclosed
Waltham, MA-based cloud-first, unified clinical software provider
5th Century Partners
Undisclosed
Langhorne, a PA-based provider of physician directories and data management tools
Venture Capital Deals
AXA IM Alts
$25M
Newton, MA-based medical device startup focused on pelvic health
Galaxy, PayPal Ventures, Coinbase, Uniswap, Lightspeed, Bessemer, Hashkey, Balaji Srinivasan, Naval Ravikant
$20M
New York, NY-based crypto security startup
United Ventures, Stellantis Ventures, LIFTT, Club degli Investitori, BlackBerry Limited
$21M
Boston, MA-based battery management software company
General Catalyst, Menlo Ventures, QED Investors, Altman Capital, PruVen
$40M
San Francisco, CA-based HR API company
Lockheed Martin Ventures, Hanwha Aerospace, AIM13|Crumpton Venture Partners, DCVC, Signia Venture Partners
$17.8M
Pleasant Grove, UT-based airspace awareness and defense company
Andreessen Horowitz, Y Combinator, Sequoia Capital
$17.8M
Berkeley, CA-based AI app development startup
Goldman Sachs
$24M
Dallas, TX-based logistics software company
McCarthy Capital
$208M
Lincoln, NE-based e-commerce analytics and logistics company
Lightspeed Venture Partners, Coatue, Greylock Partners, Audacious Ventures, Wing Venture Capital, 8VC, Eric Schmidt, Emad Mostaque, David Luan, Bipul Sinha
$43M
San Francisco, CA-based storytelling software startup
Amex Ventures, Northwestern Mutual Future Ventures, SEI Ventures, USAA
$15M
San Diego, CA-based digital estate planning company
Next47, HubSpot Ventures, NewView Capital, Andreessen Horowitz
$30M
New York, NY-based customer success software company
Enhanced Healthcare Partners, Monroe Capital, North Coast Ventures
$100M
Hoboken, NJ-based value-based senior care enabler
Founders Fund
$15M
New York, NY-based 3D printing shoe company
Cleveland Avenue, Remus Capital
$15M
San Francisco, CA-based office catering company
The Scherzer Deal Report: February 13-17, 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.
Fundraising for PE & VC Funds
$2.4B
Second growth tech opportunities fund
$502M
Debut fund
$100M
Opportunity fund focused on real estate tech
$1.1B
D. E. Shaw Voltaic Fund and D. E. Shaw Diopter Fund
$250M
Debut fund
$1.3B
Third private equity secondary fund
$300M
Debut fund
Private Equity Deals
Eureka Equity Partners
Undisclosed
New York, NY-based provider of market intelligence to the media, advertising, and ad tech industries
The Riverside Company
Undisclosed
Kerrville, TX-based provider of software for the career and tech education market
CORE Industrial Partners
Undisclosed
Waterbury, CT-based provider of precision deep-drawn metal components and mechanical assemblies
Francisco Partners
Undisclosed
New York, NY-based provider of payroll and accounting software
3 Rivers Capital
Undisclosed
Lenexa, KS-based designer and manufacturer of components for automated material handling and packaging
Carlyle, HGGC, Owl Rock, Crescent Capital
$500M
Lehi, UT-based insurance brokerage
Antin Infrastructure Partners
Undisclosed
Charlottesville, VA-based provider of smart grid infrastructure systems
Berkshire Partners
Undisclosed
Opelika, an AL-based broadband services provider focused on the rural market
Yellow Wood Partners
Undisclosed
Englewood Cliffs, NJ-based beauty and personal care brand
Igneo Infrastructure Partners
Undisclosed
Grand Rapids, MI-based data center and network solutions provider
Beach Point Capital
Undisclosed
Monroe, WA-based maker of pet food and treats
Venture Capital Deals
ARCH Venture Partners, GV, Lux Capital
$193M
Boston, MA-based genetic medicines startup
Closed Loop Partners, Piper Sandler Merchant Banking, MissionOG, Harbert Growth, Grotech Ventures, Lavrock Ventures, Point Field Partners
$37.5M
Baltimore, MD-based provider of supply chain automation for connected devices
Gates Frontier, Dementia Discovery Fund, Foresite Capital, Google Ventures, Lightstone Ventures, Takeda Ventures, UPMC Enterprises, Dolby Family Ventures
$51M
Boston, MA-based biotech company focused on developing new therapeutics for central nervous system diseases
Blue Bear Capital, Aligned Climate Capital, Exelon, Energy Impact Partners, non sibi ventures
$17.5M
Los Angeles, CA-based provider of maintenance and workforce development solutions for EV charging
Lightspeed Venture Partners, GGV Capital, Unusual Ventures, Dell Technologies Capital, Cerca Partners, Tech Aviv, J Ventures, Silicon Valley CISO Investments
$53M
Los Altos, CA-based authentication platform
Bain Capital Life Sciences, Access Biotechnology, Orbi
$62.5M
Watertown, MA-based publicly-traded biopharmaceutical company
General Catalyst, Section 32, Polaris Partners, Zetta Ventures, Northpond Ventures
$20M
San Diego, CA-based clinical trials infrastructure startup
Overstock.com, Pelion Venture Partners, BYU Cougar Capital
$29M
McAllen, TX-based agricultural data startup
Owl Rock, Ribbit Capital, Redpoint Ventures, Felicis Ventures, Fifth Wall, Pappy Capital
$133M
San Francisco, CA-based private fund management software company
Volta Energy Technologies, CC Industries, Emerald Technology Ventures, Material Impact, Arosa Capital, Nabtesco Technology Ventures TechNexus, Hyde Park Angels, Evergreen Climate Innovations, Goose Capital
$65M
Chicago, IL-based battery materials company
General Catalyst
$15M
San Francisco, CA-based accounting and financial data platform
BMO Financial Group, Qualcomm Ventures, Upfront Ventures, DBL Partners, World Innovation Lab, Mayo Clinic, Bedrock Capital, SOSV, John Doerr
$105M
San Francisco, CA-based maker of UV disinfecting machines for buildings
Edison Partners, Tribeca Venture Partners, Bull City Venture Partners, IDEA Fund Partners, Trog Hawley Capital, Attinger, Private Access Network
$30M
Durham, NC-based mobile car-care company
Alexa Fund, Craft Ventures, GV, Galaxy Digital, Kering, Sony Japan, Scribble Ventures, Kakao, Animoca Brands, Day One Ventures, Betaworks
$20M
Burlington, VT-based character design studio
3North, Exor N.V., Pitango, Janus Henderson, CF Private Equity, Planven Entrepreneur Ventures, Riverpark Ventures, ION Crossover Partners
$110M
New York, NY-based transit management software company
The Scherzer Deal Report: February 6-10, 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.
Fundraising for PE & VC Funds
$300M
Debut fund
$3.48B
Sixth fund
$127M
Seventh fund
$1B
Third fund
$250M
Eighth flagship fund
$600M
Third content and media rights fund
$5.2B
Debut growth equity fund
Private Equity Deals
Incline Equity Partners
Undisclosed
Austin, TX-based provider of environmentally conscious pest control services
Oaktree Capital Management
Undisclosed
Kennesaw, GA-based engineering and environmental services firm
Amulet Capital Partners
Undisclosed
Bradenton, FL-based health care digital marketing firm
Francisco Partners
Undisclosed
New York, NY-based provider of payroll and accounting software
Mountaingate Capital
Undisclosed
La Jolla, CA-based digital marketing agency
Welsh, Carson, Anderson & Stowe
Undisclosed
Lakeville, MN-based provider of data management software to the health care and emergency response markets
Stone Point Capital
Undisclosed
Dallas, TX-based commercial real estate firm
Bessemer Venture Partners
Undisclosed
Brooklyn, NY-based legal operating platform
Auxo Investment Partners
Undisclosed
Fremont, CA, and Grand Rapids, MI-based manufacturers of custom wire harnesses, cable assemblies, and box builds
Craftsman Capital
Undisclosed
Cedar Park, TX-based provider of K-12 special education software
MetLife Investment Management
Undisclosed
New York, NY-based alternative investment firm
Thompson Street Capital Partners
Undisclosed
Chesterfield, MO-based provider of regulatory review and biosafety consulting services to pharma firms
Knox Lane
Undisclosed
Washington, DC-based marketing and communications firm for the pharma, biotech, and life sciences markets
Blue Wolf Capital Partners
Undisclosed
Phoenix, AZ-based provider of temporary ground protection and site access services
Lone Star Funds
Undisclosed
Portland, OR-based industrial ship repair and fabrication firm
Seidler Equity Partners
Undisclosed
Bedford, TX-based youth enrichment franchise platform company
Venture Capital Deals
March Capital, Insight Partners, Industry Ventures, Sanabil Investments
$50M
San Jose, CA-based data observability platform
Prosperity7, Clear Ventures, General Catalyst, Liberty Global, Lightspeed, SVB
$50M
San Jose, CA-based provider of network routing software
Sageview Capital, Valor Equity Partners, S3 Ventures
$65M
Austin, TX-based streaming TV service for businesses
Greycroft, BDMI, UTA.VC, Afterpay, UC Berkeley’s The House Fund
$16M
New York, NY-based marketing outsourcing platform
F-Prime Capital
$25M
New York, NY-backed office automation startup for alt asset managers
Forte Ventures, Visa, Bridgestone, Navistar, Circle K, State Farm Ventures, TELUS Ventures, Avanta Ventures
$15M
San Francisco, CA-based vehicle payments startup
Marubeni
$50M
Charlotte, NC-based lithium-ion battery recycling startup
HealthQuest Capital, Health Catalyst Capital, UPMC Enterprises
$50M
Jacksonville, FL-based health data analytics company
NEA, Addition, Hetz Ventures
$16.5M
New York, NY-based provider of package manager software
Princeville Capital, Citi Ventures, Battery Ventures, Mayfield Fund, Sapphire Ventures
$51M
San Francisco, CA-based time series platform
NCSOFT, Corning, Gates Frontier, LG Tech Ventures, NCSOFT, OTOY, Khosla Ventures, Samsung, Verizon, Bosch, Forvia, Liberty Global, Taiwania Capital
$50M
San Jose, CA-based developer of a holographic display platform
ArcTern Ventures, Northvolt, Ecosystem Integrity Fund, Chrysalix VC, Good Growth Capital, UTECP, Volta Energy Technologies, Impact Science Ventures, Helios Climate Ventures
$17.5M
Emeryville, CA-based battery manufacturing intelligence startup
CapitalG, Elad Gil, Nat Friedman, Amplify Partners
$23M
Kissimmee, FL-based rival to GitHub’s Copilot
Andreessen Horowitz, Virgin Group, Primary Ventures, Difference Partners, Operator Partners, Night Ventures
$15M
New York, NY-based provider of remote learning and attention disability services
Material Impact, Kairos Ventures, CS Ventures
$15M
Chicago, IL-based materials discovery, testing, and analytics startup
Benchmark
$16.5M
San Jose, CA-based open-source applied ML platform
Cigna Ventures, 7wireVentures, Kaiser Permanente Ventures, F-Prime Capital, Eight Roads Capital, Health Enterprise Partners, Longitude Capital
$34M
Chicago, IL-based telehealth startup focused on obsessive-compulsive disorder
Panoramic Ventures, Georgia Tech Innovation Fund
$200M
McLean, VA-based health care staffing platform
Zero Infinity Partners, Deciens Capital, CityRock Venture Partners, Homecoming Capital, Ananta Capital, Kindergarten Ventures, Collaborative Fund, Govtech Fund
$19M
San Francisco, CA-based maker of smart refrigerator monitors
Third Point Ventures, Iron Pillar, 8VC, Aflac Ventures, Pentland Ventures
$50M
Santa Clara, CA-based customer interaction platform
Penske Media
$100M
Washington, DC-based digital media company
Valor Equity Partners, USV, Upfront Ventures, Euclidean Capital, Energy Transition Ventures, Hearst Ventures
$55M
Los Angeles, CA-based aerial data analytics company
The Scherzer Deal Report: January 30-February 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.
Fundraising for PE & VC Funds
$76M
Debut fund
$300M
Third fund
$2.1B
Third buyout fund ($1.7B) and first non-control fund ($400M)
$450M
Fourth venture growth fund
$3.9B
Debut fund
$15.4B
11th flagship private equity fund
Private Equity Deals
Mars Equity Partners
Undisclosed
Loomis, CA-based solar and storage services provider
Littlejohn & Co.
Undisclosed
Tampa, FL-based provider of engineering and design services to the water, transportation, and aviation markets
GI Partners
Undisclosed
Austin, TX-based provider of infrastructure and environmental solutions
Highlander Partners
Undisclosed
Boise, ID-based developer of counter-unmanned aircraft systems
PPC Enterprises
Undisclosed
Grand Rapids, MI-based platform for K-12 substitute teacher management services
KKR
Undisclosed
Virginia Beach, VA-based foundation repair and water management services company
TRM Equity
Undisclosed
Russellville, AL-based maker of indoor and outdoor fireplaces, free-standing stoves, and related products
EIV Capital
Undisclosed
Tulsa, OK-based company that acquires and develops midstream energy infrastructure.
TPG Growth Med
Undisclosed
Alpharetta, GA-based chain of outpatient diagnostic imaging facilities
Edgewater Capital Partners
Undisclosed
Lakewood, OH-based provider of natural graphite products
Rockwood Equity Partners
Undisclosed
Longmont, CO-based provider of underground damage prevention solutions to markets like utilities and telecom
Trivest Partners
Undisclosed
Newport Beach, CA-based craft juice maker
GI Partners
Undisclosed
Englewood, CO-based provider of broadband services in 16 states
Eads Bridge Holdings
Undisclosed
Naugatuck, CT-based mental health counseling business
Venture Capital Deals
Alpha Wave Ventures
$25M
Los Altos, CA-based developer of psychiatry drugs
Matrix Partners
$15.3M
San Francisco, CA-based asthma monitoring startup
Insight Partners, Boldstart Ventures, Tribe Capital, Chalfen Ventures
$25M
Newark, NJ-based open-source testing startup
Newlight Partners
$15M
New York, NY-based creative marketing agency for companies in highly regulated industries
BAM Elevate, Greycroft, Uncork Capital, High Alpha, ServiceNow Ventures
$32M
San Francisco, CA-based enterprise data platform focused on supply chains
Eight Roads Ventures, Nufarm, Endeavor8, Akroyd
$80M
Mystic, CT-based crop health startup
Sustainable Future Ventures, Ajax Ventures
$18M
San Francisco, CA-based HVAC maker
2150, Khosla Ventures, Breakthrough Energy Ventures, Prelude Ventures
$33M
Ypsilanti, MI-based developer of insulated windows
Commerce Ventures, Andreessen Horowitz, Bain Capital Ventures, Visa, Sorenson Ventures
$45M
Cedar Falls, IA-based used semiconductor equipment marketplace
ServiceNow, Cisco Investments, Battery Ventures, CRV
$15.8M
Waltham, MA-based service-level observability startup
Addition, Greylock
$25M
Menlo Park, CA-based managed data lakehouse company
Fifth Wall, Franklin Templeton, Temasek, Riverstone Holdings, Coatue, AI Capital Partners, Sente Ventures, Breakthrough Energy Ventures, Assembly Ventures, BMW i Ventures, Volta Energy Technologies
$300M
Novi, MI-based battery developer
Arch Venture Partners, General Catalyst, F-Prime Capital, Lux Capital, GV, Magnetic Ventures, Mubadala Capital, the American Cancer Society
$203M
New York, NY-based clinical trial tech platform
Insight Partners, I2BF Global Ventures
$50M
San Francisco, CA-based provider of SaaS for business aviation
Lightspeed Venture Partners, Bowery Capital, Sozo Ventures, Pebblebed
$15M
San Francisco, CA-based data discovery, lineage, and management tool startup
Greenbacker Capital Management, Earthshot Ventures, Grotech Ventures, Cross River Digital Ventures, Forbright Bank
$20M
Baltimore, MD-based solar financing startup for businesses
BAM Elevate, Banc Funds, Invicta, Deciens, QED, SaaStr
$40M
San Francisco, CA-based embedded banking software startup
NFX, Elephant, Shopify
$25M
Columbus, OH-based e-commerce management platform platform
The Scherzer Deal Report: January 23-27, 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.
Fundraising for PE & VC Funds
$260M
Fourth flagship fund ($140M), and its first opportunities fund ($120M)
$260M
New pre-seed fund and an opportunity fund
$14M
Second fund
$6.2B
18th fund ($3.05B) and debut growth equity fund ($3.18B)
$181M
Second Sapphire Sport fun
$934M
Fourth flagship fund
$684M
Third fund
$700M
An annex to its third fund
$675M
Fifth fund
$1B
Fifth fund
Private Equity Deals
Boyne Capital
Undisclosed
Princeton, NJ-based provider of business process outsourcing and automation solutions
Wynnchurch Capital
Undisclosed
Pasadena, TX-based provider of flow control distribution
White Wolf Capital Group
Undisclosed
Houston, TX-based engineering and skilled trades technical staffing agency
Kudu Investment Management
Undisclosed
Portland, OR-based alternative credit specialist and interval fund manager
Ridgemont Equity Partners
Undisclosed
Los Angeles, CA-based food distributor
Venture Capital Deals
Portage, PruVen Capital, Wing VC, SixThirty Ventures, Mighty Capital, Wormhole Capital, Mindset Ventures, Aloft VC Blumberg Capital, Correlation Ventures, TSVC, YC
$58M
San Francisco, CA-based health insurer
Playground Global, 8VC, Factory HQ, Greylock, NotBoring, AME Cloud Ventures
$35M
San Francisco, CA-based RNA drug discovery startup
ArcelorMittal, Microsoft’s Climate Innovation Fund, SiteGround Capital
$120M
Woburn, MA-based developer of technology to decarbonize steel production
NEA, Homebrew, JSV, Harrison Metal, Cooley
$40M
Berkeley, CA-based software development platform
Two Sigma, Goldman Sachs Asset Management
$50M
San Francisco, CA-based data integration and operations company
Andreessen Horowitz, Stone Point Ventures, EOS Venture Partners
$55M
Los Altos, CA-based guided cyber crisis response platform
AXA Ventures, Juxtapose, HCSM Ventures, Munich Ventures
$25M
New York, NY-based life insurance startup
Anthos Capital, Foundation Capital. Fika Ventures, Foundation Capital, Madrona Venture Group
$21M
Seattle, WA-based code building and testing platform
Threshold Ventures, Crosslink Capital, Foundry, Uncork Capital
$25M
San Francisco, CA-based fraud detection startup
Eastward Capital Partners
$30M
Tampa, FL-based POS modernization platform for retail and restaurants
Provenance, Silas Capital
$40M
New York, NY-based cosmetics brand
Revolution Growth, Rockefeller Capital
$22M
Boulder, CO-based developer of mushroom proteins
Stripes, 5G Open Innovation Lab, Partech Partners, Uncork Capital
$24M
San Francisco, CA-based IoT reliability platform
Andreessen Horowitz, Abstract Ventures, SV Angel, YC
$16M
San Francisco, CA-based embedded fintech startup
Viola Credit, Mitsubishi Financial Group, Collaborative Fund, Pitango First, NFX, LocalGlobe, Glilot+
$20M
San Francisco, CA-based spend and procurement management platform
Andreessen Horowitz, Viking Global Investors, AlleyCorp, SV Angel
$75M
New York, NY-based startup helping independent physician practices participate in value-based care models.
Forepont Capital Partners. Mubadala Capital, Draper Associates, Alumni Ventures, re.Mind Capital, Steadview Capital, B Capital Group
$41M
New York, NY-based brain-computer interface startup
10T Fund, Tiger Global, 776, QED
$60M
Sunny Isles Beach, FL-based blockchain development platform
Edison Partners, GreatPoint Ventures, Morpheus Ventures, GM Ventures, Ericsson Ventures, Tao Capital Partners, Clearvision Ventures, Tau Ventures, NedBank CIB
$34M
Austin, TX-based provider of mapping and analytics software for public safety
Energy Impact Partners, ArcTern Ventures, Alumni Ventures, Amazon’s Alexa Fund
$42M
Longmont, CO-based developer of landscaping robots
Telstra Ventures, Menlo Ventures, Forgepoint Capital, Innovating Capital
$26M
Boulder, CO-based identity orchestration startup