The Scherzer Deal Report: November 11-15, 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
Forerunner Ventures
$500M
Seventh early-stage fund
Godspeed Capital
$675M
Third fund
Portal Ventures
$75M
Second fund
Transom Capital Group
$675M
Fourth fund
Private Equity Deals
Inverness Graham
Alliant
Undisclosed amount
Brewster, NY-based advertising data firm
Go Capital and Station Partners
Arketi Group
Undisclosed amount
Atlanta, GA-based digital marketing and PR agency for B2B tech companies
Stonepeak
Boundary Street Capital
Undisclosed amount
Alexandria, VA-based private credit firm
Golden Gate Capital
Brava
Undisclosed amount
Washington, IA-based provider of composite roofing materials
Lone View Capital
CargoSprint
Undisclosed amount
Peachtree City, GA-based provider of cargo industry solutions
May River Capital
Cashco
Undisclosed amount
Ellsworth, KS-based provider of pressure management solutions
Morgan Street Holdings
Continental Services
Undisclosed amount
Troy, MI-based provider of contract dining services
HighPost Capital
Front Row Group
Undisclosed amount
New York, NY-based e-commerce agency and accelerator for beauty, health, wellness, and CPG brands
Sumeru Equity Partners
JobNimbus
Undisclosed amount
Lehi, UT-based provider of roofing contractor SaaS
Sound Growth Partners
LPi Digital
Undisclosed amount
Milwaukee, WI-based provider of print and digital bulletins and newsletters to faith-based, community, and membership organizations
Golden Gate Capital
OneZero
Undisclosed amount
Cambridge, MA-based provider of multi-asset enterprise trading tech
Wynnchurch Capital
Principal Industries
Undisclosed amount
San Antonio, TX-based provider of LED components and engineered assemblies for signage and brand imaging
Sterling Investment Partners
PROtect
Undisclosed amount
Wichita, KS-based provider of safety, reliability, and compliance services
ZMC
Pure Wafer
Undisclosed amount
San Jose, CA-based maker of silicon wafers
1315 Capital
SciSafe
Undisclosed amount
Cranbury, NJ-based provider of biological and drug storage services
Goldman Sachs Alternatives
Sila Services
Undisclosed amount
King of Prussia, PA-based provider of residential HVAC, plumbing and electrical services
Halifax Group
Universal Air Conditioner
Undisclosed amount
Mansfield, TX-based designer and distributor of aftermarket auto parts
Venture Capital Deals
Sapphire Sport, a16z, General Catalyst, 20VC Growth, FJ Labs, Shilling, and Thayer Ventures
Bounce
$19M
San Francisco, CA-based provider of free luggage storage for travelers
Accel, 8VC, Overmatch Ventures, and Lerner Enterprises
Chaos Industries
$145M
Los Angeles, CA-based defense tech startup
RPM Ventures, GiantLeap Capital, and Human Element
Firefly Aerospace
$175M
Houston, TX-based rocket maker
HV Capital, a16z, and YC
Fleek
$20.4M
San Francisco, CA-based secondhand clothing marketplace
TELUS Global Ventures, 7Wire Ventures, Pitango HealthTech, Human Capital, Outcomes Collective Growth Capital, Allianz, and The K Fund
Homethrive
$20M
Northbrook, IL-based caregiving startup
Inovia Capital, Icon Ventures, General Catalyst, Maven Ventures, Healthier Capital, Up2 Opportunity Fund, and CFO Advisors
Medeloop
$15M
Menlo Park, CA-based clinical research analysis startup
Wellington Management, Venrock, Fidelity, Janus Henderson, T. Rowe Price, Viking Global Investors, Deep Track Capital, RA Capital Management, Arch Venture Partners, Alpha Wave Ventures, GV, SoftBank, Newpath Partners, and SymBiosis
Metsera
$215M
New York, NY-based developer of medicines for obesity and metabolic diseases
DCVC, a16z, USV, Felicis, Washington Harbour Partners, Chevron, Founders Fund, Decisive Point, McKinley Alaska, Boost VC, and Also Capital
Radiant
$100M
El Segundo, CA-based maker of portable nuclear generators
Celesta Capital, GreatPoint Ventures, and Juniper Networks
Recogni
$102M
San Jose, CA-based developer of generative AI inference systems
S2G Ventures, CPT Capital, Lux Capital, Nourish Ventures, and Meach Cove Capital
Shiru
$16M
Alameda, CA-based ingredient discovery platform
Shield Capital, Point72 Ventures, Booz Allen Ventures, Aero X Ventures, Trousdale Ventures, TRAC VC, Munich Re Ventures, Toyota Ventures, NFX, and Industrious Ventures
Starfish Space
$29M
Washington, DC-based developer of satellite servicing and inspection spacecraft
Third Rock Ventures, Atlas Venture, GV, and RA Capital Management
Trace Neuroscience
$101M
South San Francisco, CA-based developer of genomic medicines for neurodegenerative diseases
Premji Invest, Radical Ventures, Iconiq Growth, Salesforce Ventures, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures, and Workday Ventures
Writer
$200M
San Francisco, CA-based generative AI platform for enterprises
The Scherzer Deal Report: November 4-8, 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
Pelican Energy Partners
Houston, TX
$450M
First fund
Shamrock Capital
Los Angeles, CA
$1.25B & $320M
Sixth flagship fund and first small-cap fund
Private Equity Deals
Choice Health at Home
Accentra
Undisclosed amount
Oklahoma City, OK-based hospice provider
Aero Accessories & Repair
Aero Instruments
Undisclosed amount
Buffalo, NY-based aerospace MRO
Stonepeak
Air Transport Services Group
$3.1B
Wilmington, OH-based aircraft lessor and cargo transport company
26North Partners
ArchKey Solutions
Undisclosed amount
Fenton, MO-based electrical services provider
GHO Capital and Ampersand Capital Partners
Avid Bioservices
$1.1B
Tustin, CA-based biologics Contract development and manufacturing organization (CDMO)
Minds + Assembly
Boldscience
Undisclosed amount
Alpharetta, GA-based medical communication agency
Better Protection
DFS Fire Systems
Undisclosed amount
Dallas-Fort Worth, TX-based provider of fire protection services
1440 Foods
FitCrunch
Undisclosed amount
Bohemia, NY-based protein bar brand
Stengel Hill Architecture
Mason Blau & Associates
Undisclosed amount
Clearwater, FL-based full-service architectural firm
Elevate Patient Financial Solutions
NYX Health Eligibility Services
Undisclosed amount
Alpharetta, GA-based provider of RCM focused on eligibility verification and enrollment services
Monomoy Capital Partners
Oliver Packaging and Equipment
Undisclosed amount
Walker, MI-based maker of food packaging systems and bakery equipment
Savillex
Optimum Processing
Undisclosed amount
San Rafael, CA-based maker of customized, single-use bioprocessing systems for life science
Access Group
Paytronix
Undisclosed amount
Newton, MA-based restaurant customer engagement and payments software provider
Renovus Capital Partners
Performive
Undisclosed amount
Marietta, GA-based provider of managed IT services for midmarket enterprises
Carlson Private Capital Partners
Quantum Design International
Undisclosed amount
San Diego, CA-based maker of instrumentation for material characterization and other advanced research applications
Blackstone
Retail Opportunity Investments Corp.
$4B
San Diego, CA-based U.S. shopping mall operator
Comvest Private Equity
Riccobene Associates Family Dentistry
Undisclosed amount
Cary, NC-based dental services organization
Sagewind Capital
Sabel Systems
Undisclosed amount
Beavercreek, OH-based provider of digital transformation solutions to the U.S. Defense Department and other government agencies
Coker
TTG Healthcare Advisors
Undisclosed amount
Chandler, AZ-based healthcare consulting firm
AT&T
U.S. Cellular
$1.02B
Chicago, IL-based mobile network operator
Cogenuity Partners
United Safety & Survivability
Undisclosed amount
Exton, PA-based maker of safety and survivability products for niche markets
Venture Capital Deals
Qatar Investment Authority, United Therapeutics, Fidelity, and TPG Rise
Beta Technologies
$318M
South Burlington, VA-based electric airplane maker
Fiserv, Shopify Ventures, Capital One Ventures, Accel, Bessemer, Coatue, Frontline Ventures, General Catalyst, Latitude, and Thrive Capital
Melio
$150M
New York, NY-based B2B payments platform for SMBs
Thrive Capital, Lux Capital, Bond, Jeff Bezos, OpenAI, and Redpoint Ventures
Physical Intelligence
$400M
San Francisco, CA-based developer of operating systems for robots
The Scherzer Deal Report: October 28-November 1, 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
Adams Street Partners
$1.1B
2024 global funds program
BBG Ventures
$60M
Second fund
Berkshire Partners
$7.8B
11th private equity fund
Blackstone
$22B
New direct lending fund
Socium Ventures
$300M
Second fund
Private Equity Deals
Francisco Partners
AdvancedMD
$1.13B
South Jordan, UT-based provider of SaaS for ambulatory physician practices
iCapital, Apollo, and Blue Owl
AltExchange
Undisclosed amount
Edwards, CO-based provider of alternative investment data aggregation and reporting company
Leeds Equity Partners
Archer Review
Undisclosed amount
Dallas, TX-based provider of medical exam prep services
WellSky
Bonafide
Undisclosed amount
Thousand Oaks, CA-based provider of business workflow management software for durable medical equipment and home medical equipment companies
Godspeed Capital
Concordia Technologies
Undisclosed amount
Huntsville, AL-based provider of hypersonic weapons and missile defense systems tech
Patient Square Capital
CorroHealth
Undisclosed amount
Plano, TX-based provider of revenue cycle management for health systems and health plans
Encore Consumer Capital
DeIorio
Undisclosed amount
Utica, NY-based maker of pizza dough balls, pre-formed crusts, and shells
CVC Capital Partners
Epicor
Undisclosed amount
Austin, TX-based industry-specific business software firm
Blackstone
EQT Corp.
$3.5B
Pittsburgh, PA-based independent natural gas producer
Serent Capital
Finys
Undisclosed amount
Troy, MI-based provider of core insurance software
Gridiron Capital
Health Monitor Network
Undisclosed amount
Montvale, NJ-based health-care marketing firm
Hyve Group
HLTH
Undisclosed amount
New York, NY-based health-care conference organizer
Neuberger Berman
Mariner
Undisclosed amount
Overland Park, KS-based financial services firm
Aquarian
PACE Equity
$1B
Milwaukee, WI-based provider of C-PACE loans to real estate owners and energy upgrade developers
EQTPage
Up Group
Undisclosed amount
New York City, NY-based provider of HR software
Egen (fka SpringML)
Qarik
Undisclosed amount
New York, NY-based Google Cloud tech consultancy
Battery Ventures
QSR Automations
Undisclosed amount
Louisville, KY-based provider of restaurant tech
Percheron Capital
Right Restoration Partners
Undisclosed amount
Atlanta, GA-based acquisition platform for emergency restoration services businesses
BC Credit Partners
Runway Growth
Undisclosed amount
Chicago, IL-based provider of growth loans
Presidio Investors
The Only Agency
Undisclosed amount
Los Angeles, CA-based creative talent firm
Venture Capital Deals
General Catalyst, Alkeon Capital, Brookfield Technology Partners, and Georgian
Armis
$200M
San Francisco, CA-based cyber exposure management company
Macquarie Asset Management
BondBloxx
$27M
Larkspur, CA-based provider of bond ETFs
Flexpoint Ford, Nyca Partners, and Viola Ventures
Duetti
$34M
New York, NY-based music financing startup that acquires catalogs from independent artists
RA Capital Management, Sectoral Asset Management, B Capital, Marshall Wace, Avego Bioscience Capital, Longwood Fund, RTW Investments, ADAR1 Capital Management, NEXTBio Capital, Beiersdorf VC, FemHealth Ventures, Allostery Investments, Pivotal bioVenture Partners, EQT Life Sciences, Andera Partners, Amplitude Ventures, Symbiosis, and Verition Fund Management
Evommune
$115M
Palo Alto, CA-based biotech focused on immune-mediated inflammatory diseases
Edison Partners, StepStone Group, and Columbus Capital
Fingercheck
$115M
Brooklyn, NY-based workforce management platform for SMB
Novo Holdings, Gimv, Red Tree Venture Capital, HealthCap, BioGeneration Ventures, M Ventures, and BOM
Kivu Bioscience
$92M
San Francisco, CA-based developer of antibody-drug conjugates
Fifth Wall, Saint-Gobain, and Ayala
Merlin Solar
$31M
San Jose, CA-based developer of solar panels for trucks and rooftops
Koch Disruptive Tech, NEA, 8VC, Ark Invest, B37 Ventures, FM Capital, Interwoven Ventures, NVentures, Prologis Ventures, Goose Capital, Lineage Ventures, Presidio Ventures, and Service Provider Capital
Outrider
$62M
Golden, CO-based developer of self-driving tech for electric yard trucks
Prelude Ventures
Redoxblox
$30M
San Diego, CA-based industrial heat startup that uses thermochemical energy
Emergence Capital, Founder Collective, and Homebrew
Regal
$40M
New York, NY-based maker of contact center software
Goldman Sachs
Simbe Robotics
$50M
South San Francisco, CA-based maker of retail inventory robotics
Qualcomm Ventures, Scale Venture Partners, StepStone Group, Redpoint Ventures, and Bessemer Venture Partners
Spot AI
$31M
San Francisco, CA-based video monitoring startup
General Catalyst, Primary Ventures, and Lightspeed Venture Partners
Tabs
$25M
New York, NY-based revenue automation platform for B2B companies
Woven Capital, Innovation Endeavors, Norwest Venture Partners, and Qualcomm Ventures
Third Wave Automation
$27M
Union City, CA-based maker of autonomous forklifts
The Scherzer Deal Report: October 21-25, 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
Chemistry
$350M
First fund
General Catalyst
$8B
New funds
Private Equity Deals
Wafra
Aquila Air Capital
Undisclosed amount
New York, NY-based engine lessor
Morgan Stanley Infrastructure Partners
Flexential
Undisclosed amount
Charlotte, NC-based provider data center firm backed by GI Partners
Genstar Capital
Likewize
Undisclosed amount
Dallas, TX-based provider of mobile device warranties and repair services
Sage Sustainable Electronics
Relectro
Undisclosed amount
Telford, PA-based electronics management company that specialized in electronics repair, focused on refurbishing products for continued use before disposal
Sophos and Thoma Bravo
Secureworks
$859M
Atlanta, GA-based cybersecurity firm
Foundation Source
Vennfi
Undisclosed amount
Atlanta, GA-based donor-advised fund sponsor
Venture Capital Deals
Novo Holdings, F-Prime Capital, Eight Roads Ventures Japan, Piper Heartland Healthcare Capital, NYBC Ventures and Blackstone Life Sciences
AvenCell Therapeutics
$112M
Watertown, MA-based developer of switchable cell therapies
Aven
Cell Therapeutics Inks
$112M Series B
Cambridge, MA-based company focused on B Cell Medicines (BCMs)
ARCH Venture Partners, Atlas Venture, RA Capital Management, and Alta Partners
Be Biopharma
$82M
Cambridge, MA-based company focused on B Cell Medicines (BCMs)
Bond Capital, NVentures, Anthos Capital, Fuse Venture Capital, Ignition Partners, Revolution, Sozo Ventures, and Voyager Capital
Carbon Robotics
$70M
Seattle, WA-based developer of agricultural robots
Acrew Capital, Leap and Lightspeed Capital
Finix
$75M
San Francisco, CA-based payments company
FedEx and Cedar Pine
Nimble
$106M
San Francisco, CA-based autonomous e-commerce fulfillment company
83North, True Global Ventures, 10D, Entrée Capital, HighSage Ventures, MUFG Innovation Partners, and Viola Credit
Obligo
$35M
New York, NY-based provider of security deposit option
Breakout Ventures, Innovation Endeavors, and Bison Ventures
Passkey Therapeutics
$20M
Cambridge, MA-based developer of synergistic multifunctional therapeutics
Susquehanna Growth Equity, Stephens Group, Strada, and ASA
SchooLinks
$80M
Austin, TX-based provider of college and career readiness software for K-12 students
General Atlantic, T. Rowe Price, Foresite Capital, Invus, Goldman Sachs, CPP Investments, Arch Venture Partners, Sofinnova Investments, Third Rock Ventures, and PureTech Health
Seaport Therapeutics
$225M
Boston, MA-based developer of neuropsychiatric medicines
Abstract Ventures, Elad Gil, a16z, and Bret Taylor
Socket
$40M
San Francisco, CA-based cybersecurity startup focused on software supply chain attacks
Lightspeed Venture Partners, a16z, and Foundation Capital
Tennr
$37M
New York, NY-based healthcare workflow automation platform
WestCap and a16z
Valon
$100M
New York, NY-based mortgage servicing platform
Elda River Capital and the Pritzker Organization
Zephyr
$60M
McLean, VA-based digital home services platform
Bond Capital, DST Global, Adams Street, Alkeon, YC, and CRV
Zip
$190M
San Francisco, CA-based procurement orchestration platform
The Scherzer Deal Report: October 14-18, 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
Adams Street Partners
$1.2B
Fourth Venture Innovation set of funds
CID Capital
$250M
Fourth fund
Insight Partners
$1.5B
Third continuation fund
KdT Ventures
$100M
Fourth fund
Victor Capital Partners
$310M
Second midmarket PE fund
Private Equity Deals
Audax Private Equity
Avantor
$650M
Radnor, PA-based clinical services business
AustralianSuper
DataBank
$2B
Dallas, TX-based data center operator
Frazier Healthcare Partners
DirectMed Imaging
Undisclosed amount
Poway, CA-based provider of aftermarket parts and component repairs for diagnostic imaging equipment
Turnspire Capital Partners
GHP Group
Undisclosed amount
Niles, IL-based outdoor living and indoor heating products company
Allied Industrial Partners
JCL Energy
Undisclosed amount
Sharon, PA-based distributor of pad-mounted transformers
General Atlantic and Bridgepoint
Kyriba
Undisclosed amount
San Diego, CA-based provider of treasury and cash management software
Accel-KKR
LeagueApps
Undisclosed amount
New York, NY-based youth sports management platform
Falfurrias
Neighborly Software
Undisclosed amount
Atlanta, GA-based provider of SaaS for government program enrollment, administration, and reporting
Blue Point Capital Partners
Pinnacle MEP Holdings
Undisclosed amount
St Clair Shores, MI-based HVAC and plumbing services provider
Gryphon Investors
RapidAir
Undisclosed amount
Auburndale, WI-based maker of branded compressed air solutions
Thomas H. Lee Partners
Red Nucleus
Undisclosed amount
Yardley, PA-based life sciences communications firm
Mainsail Partners
Skimmer
$74M
Austin, TX-based provider of software for pool services businesses
Permira
Squarespace
Undisclosed amount
New York, NY-based website-building platform for businesses and brands
Sound Growth Partners
Stueve Construction
Undisclosed amount
Algona, IA-based provider of engineering and construction services for bulk fertilizer storage facilities
Post Oak Energy Capital
Tiburon Oil & Gas Partners
Undisclosed amount
Houston, TX-based company dedicated to acquiring, developing, and operating upstream oil and gas assets in the Appalachian Basin
Graham Partners
Tulkoff Food Products
Undisclosed amount
Baltimore, MD-based maker of horseradish products, sauces, and other condiments
Silver Lake
Zuora
$1.7B
Redwood City, CA-based company that helps companies launch subscription services
Venture Capital Deals
Andreessen Horowitz, Magic Johnson, Sandberg Bernthal Venture Partners, Banc of California, Twine Ventures, Springbank, and AlleyCorp
Alchemy
$31M
New York, NY-based developer of in-house pharmacy programs for clinics with large HIV and hepatitis C patient populations
Pantera Capital, a16z, and NFX
Azra Games
$42.7M
Sacramento, CA-based developer of mobile role-playing games
Ripple
Bitnomial
$25M
Chicago, IL-based digital asset derivatives exchange company
Zintinus, The Hershey Co., Whole Foods Market, DMG Ventures, Hamilton Lane, and Praesidium
Blue Stripes
$20M
New York, NY-based maker of consumer food products from cacao fruit
TVC Capital and Toloka.vc
Capacity
$26M
St. Louis, MO-based support automation startup
Bain Capital Ventures, Elad Gil, A*, Accel, BOND Capital, and ACME Capital
Decagon
$65M
San Francisco, CA-based developer of AI customer support agents
DCVC, Breakthrough Energy Ventures, and Valo Ventures
Equilibrium Energy
$39M
Boston, MA-based operator of grid-connected battery systems
Eight Roads Ventures, Elevation Capital, and 3one4 Capital
Everstage
$30M
New York, NY-based provider of enterprise sales performance management software
Stand Together Ventures, GovTech, George Lucas, and Mellody Hobson
ForceMetrics
$22M
Denver, CO-based decision-assist platform founded by former FBI agents.
Scale Venture Partners and Premji Invest
Galileo
$45M
San Francisco, CA-based provider of generative AI evaluation and observability for enterprises
L Catterton, USV, Cathay Innovation, Equal Ventures, and Eniac Ventures
Ghost
$40M
Chicago, IL-based B2B retail inventory marketplace
Silas Capital, Strand Equity, and AF Ventures
Hello Cake
$18M
Los Angeles, CA-based sexual wellness brand
Osaka Gas and Mitsubishi Heavy Industries
Koloma
$50M
Denver, CO-based green hydrogen startup
T. Rowe Price, Fidelity, and GV
Lightmatter
$400M
Mountain View, CA-based photonic supercomputing startup
Toyota Ventures, Samsung Next, The ACTIVE Fund, Assembly Ventures, Magenta Venture Partners, J-Ventures, Triventures, Singtel Innov8 Ventures, Telefónica, Team8, and Alter Venture Partners
Monogoto
$27M
Palo Alto, CA-based provider of software-defined connectivity solutions
Smith Point Capital, Nexus Venture Partners, and Battery Ventures
Neuron7.ai
$44M
San Jose, CA-based service resolution intelligence startup
Menlo Ventures, IVP, Socii, Founders Fund, Long Journey, 8VC, Friends & Family Capital, and Fifth Down
Numeric
$28M
San Francisco, CA-based accounting automation startup
Oak HC/FT, Bessemer Venture Partners, Flare Capital Partners, Frist Cressey Ventures, CVS Health Ventures, and Takeda Digital Ventures
Oshi Health
$60M
New York, NY-based virtual gastrointestinal clinic network
Matter Venture Partners, Drive Capital, Yamaha Ventures, Taiwania Capital, MediaTek, Catapult Ventures, Gaingels, Addition, Tiger Global, and Basis Set
Path Robotics
$100M
Columbus, OH-based developer of autonomous robotic welding systems
S2G Ventures
REsurety
$32M
Boston, MA-based provider of data analytics for clean energy companies
Crosspoint Capital
SynthBee
$20M
Fort Lauderdale, FL-based compute intelligence startup
Flourish Ventures, Eaton, Veriten, MassMutual Ventures, inVest Ventures, CarMax, Montage Ventures, Acrew Capital, Holman, Virta Ventures, and Invest Detroit
Treehouse
$16.6M
Detroit, MI-based installation platform for electrification projects
Insight Partners, Venrock, and Vanguard
Vanilla
$35M
Salt Lake City, UT-based provider of estate planning software for financial advisers and wealth managers
Amazon’s Climate Pledge Fund, Ares Management, NGP, Ken Griffin, and the University of Michigan
X-energy
$500M
Rockville, MD-based developer of small modular reactors