The Scherzer Deal Report: February 19-23, 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.
Fundraising for PE & VC Funds
Bluestein Ventures
Chicago, IL
$45M
Third fund
Crow Holdings
Dallas, TX
$3.1B
Tenth fund
Hack VC
New York, NY
$150M
Debut fund
ORI Capital
$260M
Second fund
Private Equity Deals
Kinzie Capital
Arctic Industries
Undisclosed amount
Miami, FL-based maker of walk-in coolers and freezers
L Squared Capital Partners
BTX Precision
Undisclosed amount
Roll up of ERA Industries, Gen-El-Mec, and i3DMFG formed into a precision components business unit
Merit Capital Partners and P2G Capital
Circuit Check
Undisclosed amount
Maple Grove, MN-based maker of test systems and fixtures for the electronics market
Harwood Private Equity
Crest Foods
Undisclosed amount
Ashton, IL-based provider of dairy stabilizers and dry food products
Aquiline Capital Partners and Level Equity
DocuPhase
Undisclosed amount
Tampa, FL-based provider of accounting and finance process automation software
HGGC
Rimkus Consulting Group
Undisclosed amount
Houston, TX-based engineering and technical consulting firm
ABB
SEAM Group
Undisclosed amount
Beachwood, OH-based provider of holistic advisory, training and technology solutions
Nautic Partners
SurfacePrep
Undisclosed amount
Byron Center, MI-based distributor of surface enhancement solutions
Levine Leichtman Capital Partners
USA Water
Undisclosed amount
Houston, TX-based water and wastewater systems operator
Venture Capital Deals
Decarbonization Partners, The Nature Conservancy, GS Futures, and NextEra Energy Resources
Antora Energy
$150M
Sunnyvale, CA-based thermal battery startup.
Define Ventures, Frist Cressey Ventures, and GreyMatter
Blackbird Health
$17M
Pittsburgh, PA-based youth mental health provider
Sutter Hill Ventures, Index Ventures, Altimeter Capital, and NewView Capital
Clumio
$75M
Santa Clara, CA-based cloud data backup and recovery company
Blue Cloud Ventures, FirstMark Capital, Spring Capital, and 3L
Crisp
$20M
New York, NY-based collaborative commerce platform
Tusk Ventures, Nathan Rodland, Dara Khosrowshahi, Bill Capuzzi, Roger Ferguson Jr., and Ryan Tedder
Dub
$17M
New York, NY-based copy-trading startup
TomEnterprise Private AB, Green Sands Equity, Yu Galaxy, Cambium Capital, and Lockheed Martin Ventures
Elve
$15M
Davis, CA-based provider of millimeter wave amplifier tech
Conductive Ventures
Empowerly
$15M
San Francisco, CA-based personalized college and career guidance company
General Catalyst, Thrive Capital, GV, Salesforce Ventures, Vast Ventures, Box Group, and Atento Capital
Fabric
$60M
New York, NY-based health care management software developer
Deerfield Management, Droia Ventures, Galapagos, DCVC Bio, MPM Capital, and RA Capital Management
Frontier Medicines
$80M
South San Francisco, CA-based proteomics company
Mayfield, General Catalyst, and Detroit Ventures
Highway 9 Networks
$25M
Santa Clara, CA-based enterprise mobile networking company
Nat Friedman, Daniel Gross, CapitalG, and Elad Gil
Magic.dev
$117M
San Francisco, CA-based startup building an AI software engineer.
Nexus Venture Partners, Battery Ventures, and Vertex Ventures US
Orkes
$20M
Cupertino, CA-based devops startup
Revolution Ventures, Maverick Ventures, GV, Female Founders Fund, 8VC, Alumni Ventures, and Great Oaks
Oula
$28M
New York, NY-based maternity care clinic
Kleiner Perkins, Initialized Capital, Y Combinator, Felicis Ventures, and Altos Ventures
PermitFlow
$31M
San Jose, CA-based construction permitting automation startup
MonCap
Pozitivf
$20M
San Antonio, TX-based fertility clinic network
AI Ventures, AXA Venture Partners, Eldridge, and Moderne Ventures
Qloo
$25M
New York, NY-based culture trends analytics startup
Celesta Capital, GreatPoint Ventures, HSBC, and Tasaru Mobility Investments
Recogni
$102M
San Jose, CA-based company getting into the AI chip business
Lightstone Ventures, Sante Ventures, Deerfield Management, Genesis Capital, and Arboretum Ventures
Reprieve Cardiovascular
$42M
Milford, MA-based medical device company
Forgepoint Capital, Singtel Innov8, LDVP, and 5G Open Innovation Lab
Synadia Communications
$25M
San Mateo, CA-based open-source cloud tech company
The Scherzer Deal Report: February 12-16, 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.
Fundraising for PE & VC Funds
Core Industrial Partners
$887M
Third fund ($685M), and a fund dedicated to industrial services companies ($202M)
RW3 Ventures
$60M
Debut fund
Private Equity Deals
Whistler Capital Partners
AmeriPro
Undisclosed amount
Atlanta, GA-based medical transportation and patient logistics company
Sixth Street Partners
Blue Stream Fiber
Undisclosed amount
Coral Springs, FL-based broadband provider
GoDigital
Cinq Music
$250M
Los Angeles, CA-based music rights management firm
Comvest Partners
ClearOne Advantage
Undisclosed amount
Baltimore, MD-based provider of debt resolution services
Endeavour Capital and Greenbelt Capital Partners.
CTC Global
Undisclosed amount
Irvine, CA-based maker of conductor cores for high-voltage transmission cables
Global Infrastructure Partners
Eversource Energy
$1.1B
Boston, MA-based offshore wind projects
General Atlantic and Stone Point Capital
HireRight
Undisclosed amount
Nashville, TN-based provider of background screening services for employers
Venture Capital Deals
Amplify Partners, Tamarack Global, and First In Ventures
Antithesis
$47M
New York, NY-based autonomous software testing and debugging startup
Sofinnova Investments, Longitude Capital, RA Capital, Cormorant Asset Management, RTW Investments, SV Health Investors, OrbiMed Advisors, Sands Capital, Pivotal bioVenture Partners, Osage University Partners, Lilly Ventures, Amgen Ventures and a16z
BioAge Labs
$170M
Richmond, CA-based developer of anti-obesity therapies
General Catalyst, Rally Ventures, and Costanoa Ventures
Bugcrowd
$102M
San Francisco, CA-based crowdsourced bug bounty platform
Nyca Partners
Duetti
$15M
New York, NY-based music financing platform
Versant Ventures, MPM BioImpact, Decheng Capital, and Eli Lilly
Firefly Bio
$94M
Burlingame, CA-based biotech focused on protein degraders
Spark Capital and Pillar VC co-led, and were joined by Schneider Electric, Fifth Wall, Starwood Capital, Standard Investments, Home Depot, Ferguson, Simpson Strong-Tie, Mulhern+Kulp Engineering, Suffolk Technologies, RXR Realty, PSP Growth, Metaprop, SC Masterfund, and Carl Bass
Higharc
$53M
Durham, NC-based cloud platform for homebuilding operations,
BlackRock, Hartree Partners, DCVC, Climate Investment, and Energy Innovation Capital
Kairos Aerospace
$52M
Sunnyvale, CA-based methane leak detection startup.
GP Bullhound, 1941, Insight Partners, Velvet Sea Ventures, Space Capital, MDSV Capital, and Dylan Taylor’s AngelList syndicate
LeoLabs
$29M
Menlo Park, CA-based commercial catalog of objects in low-Earth orbit
Sam Altman, Lachy Groom, Sequoia, John Bicket, Sanjit Biswas, and Diane Greene
Meter
$35M
San Francisco, CA-based internet infrastructure startup
Nasdaq, BNP Paribas, DRW VC, UBS, and Wells Fargo
Nasdaq Private Market
$62.4M
New York, NY and San Francisco, CA-based provider of liquidity solutions to private companies
Chesapeake Energy, Arch Meredith, Helium-3 Ventures, Virya, Nabors Industries, and Ignis Energy
Sage Geosystems
$17M
Houston, TX-based developer of a geothermal system that stores and dispatches energy with pressurized water.
Redpoint Ventures, New York Life Ventures, Amplify Partners, Tiger Global, and XYZ Ventures
Scribe
$25M
San Francisco, CA-based platform for documenting and sharing business processes
Dementia Discovery Fund, Leaps by Bayer, and UPMC Enterprises
Sudo Biosciences
$30M
Carmel, IN-based developer of precision TYK2 inhibitors
The Scherzer Deal Report: February 5-9, 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.
Fundraising for PE & VC Funds
Brookfield Asset Management
$10B
Second energy transition fund
Coalesce Capital
$900M
Debut fund
Encore Consumer Capital
$258M
Fourth fund
Northleaf Capital Partners
$212M
First direct growth equity fund
Scion Life Sciences
$310M
Debut fund
The Riverside Company
$235M
Second fund focused on small-cap B2B software companies.
Trinity Hunt Partners
$700M
Seventh fund
Voyager Ventures
$100M
Second fund
Wonder Ventures
$102M
Fourth pre-seed fund ($57M) and an opportunities fund ($45M)
Private Equity Deals
Hellman & Friedman and Valeas Capital Partners
Baker Tilly
Undisclosed amount
Chicago, IL-based advisory CPA firm
Investcorp
Banner Ridge Partners
Undisclosed amount
New York, NY-based private equity secondaries firm
Warburg Pincus
Bloomerang
Undisclosed amount
Indianapolis, IN-based provider of nonprofit donor management software
Thoma Bravo
Everbridge
$1.5B
Burlington, MA-based provider of critical event management and national public warning solutions.
Main Post Partners
Highland Arms Enterprises
Undisclosed amount
Lynnwood, WA-based franchisee operator of home services group
Braemont Capital
Loenbro
Undisclosed amount
Westminster, CO-based provider of services to the data center and infrastructure markets
Post Oak
Midway Energy Partners
Undisclosed amount
Permian Basin-focused E&P
Greater Sum Ventures
SOMA Global
Undisclosed amount
Tampa, FL-based provider of public safety management software.
Mainsail Partners
Teamfront
Undisclosed amount
San Clemente, CA-based provider of business management software and payments solutions
Venture Capital Deals
Shine Capital, Imaginary Ventures, Lerer Hippeau, and Red Sea Ventures
10Beauty
$17M
Burlington, MA-based maker of manicure robots
Centana Growth Partners
Adroit
$15M
Stamford, CT-based execution management system for OTC-heavy buy-side desks
NewVale Capital, Atlantic Bridge, Crosslink Capital, and Uncork Capital
Aizon
$20M
San Francisco, CA-based AI startup focused on pharma manufacturing
Kleiner Perkins, OpenAI Startup Fund, a16z, and Optum Ventures
Ambience Healthcare
$70M
San Francisco, CA-based AI operating system for health care organizations.
NextEra Energy, Safran Corporate Ventures, Shell Ventures, Envisioning Partners, and Rusheen Capital Management
Avnos
$36M
Los Angeles, CA-based hybrid direct air capture startup
Healthier Capital, FirstMark Capital, Allianz Life Ventures, the Schwarzman family, David Prior, Gaingels, Republic, Mana Ventures, Credo Ventures, Seedcamp, LDV Capital, Accomplice, Founders Future, Vlad Tenev, Anne Wojcicki, and Esther Dyson.
Ezra
$21M
New York, NY-based AI company focused on MRI imaging and cancer detection.
Matrix and Epic Ventures
Headlight
$18M
San Diego, CA-based mental health startup
Activate Capital
Kin
$15M
Chicago, IL-based D2C home insurer
Khosla Ventures, United Airlines Ventures, and Amazon’s climate fund
Koloma
$245M
Denver, CO-based geologic hydrogen startup
Viking Global, Cormorant, The Column Group, LYFE Capital, Schroders Capital, Willett Advisors, Ysios Capital Partners, Euclidean Capital, SymBiosis, Alexandria Venture Investments, Berkeley Frontier Fund, Sphera Biotech Master Fund, Spur Capital Partners, UCB Ventures, and UC Investments
Neurona Therapeutics
$120M
San Francisco, CA-based biotech focused on repairing dysfunctional neural circuits
Iconiq Growth, Frank Slootman, Amit Agarwal, and Summit Partners
NinjaOne
$213.5M
Austin, TX-based IT platform for endpoint visibility
Wesleyan Investment Foundation, Uncork, R7, and TheGP
Overflow
$20M
San Francisco, CA-based startup that helps charitable and faith-based organizations accept stock and crypto donations
Left Lane Capital, Adjacent, Adobe Ventures, Chad Hurley, and Shaun Maguire
Polycam
$18M
Altadena, CA-based 3D creation tools for smartphones
Syngenta Group Ventures, Commonfund, Highgate Private Equity, G2 Venture Partners, Anterra Capital, Astanor Ventures, Endeavor8, Avenue Venture Opportunities, Avenue Sustainable Solutions, and Red Bear Angels
ProducePay
$38M
Los Angeles, CA-based financing and marketplace platform for the fresh produce market.
Plural and Iconical
Starship Technologies
$90M
San Francisco, CA-based delivery robot developer
GV, Dream Sports, Wise Ventures, JDS Sports, Alumni Ventures, LeBron James, Drake, Maverick Carter, Main Street Advisors, and Haslam Sports Group
StatusPRO
$20M
Miami, FL-based sports tech and gaming company
Lupa Systems, Titletown Tech, IBM Ventures, and Booz Allen Hamilton
Synthetaic
$15M
Delafield, WI-based AI startup focused on discovering insights from images.
Altimeter Capital, Insight Partners, 8VC, DCVC, DCVC Bio, Radical Ventures, Wittington Ventures, Mubadala Capital, Epic Ventures, and Necessary VC
Unlearn
$50M
San Francisco, CA-based platform for creating “digital twins” of clinical trial participants
TVM Capital Life Science and Solas BioVentures
Vektor Medical
$16M
San Diego, CA-based maker of arrhythmia analysis tech
Smith Point Capital
Zededa
$72M
San Jose, CA-based edge management and orchestration startup
The Scherzer Deal Report: January 29-February 2, 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.
Fundraising for PE & VC Funds
Acadian Ventures
$30M
Second fund
Charlesbank Capital Partners
$1.5B
Third credit opportunities fund
Generate Capital
$1.5B
Latest fund
KKR
$6.4B
Second Asia-Pacific infrastructure fund
KSL Partners
$3B
Continuation fund
PPM America
$660M
Eighth private equity co-investment fund
Ubiquity Ventures
$75M
Third fund
Uncorrelated Ventures
$315M
Latest fund
Private Equity Deals
Clearview Capital
AdCellerant
Undisclosed amount
Denver, CO-based digital marketing firm
Summit Partners
CollisionRight
Undisclosed amount
Cincinnati, OH-based provider of autobody repair services
Thompson Street Capital Partners and Cequel III
DDC Cabinet Technology
Undisclosed amount
San Diego, CA-based maker of data center cabinet and cooling solutions
Clayton, Dubilier & Rice
Foundation Building Materials
Undisclosed amount
Santa Ana, CA-based building products distributor
Bansk Group
No Man’s Land Foods
Undisclosed amount
St Boise City, OK-based meat snacks brand
Arcane Capital Partners
Petroflex North America
Undisclosed amount
Gainesville, TX-based maker of high-density polyethylene conduit and accessories
Charlesbank Capital Partners
Rise Growth Partners
$250M
Austin, TX-based “financial partner” for registered investment advisors
Venture Capital Deals
Venrock, ARCH Venture Partners, IVP, Granite Capital Management, and Evidenced
Accompany Health
$56M
Bethesda, MD-based provider of health care services to low-income patients with complex needs
Lumira Ventures, Alpha Wave Ventures, Roche Venture Fund, Pfizer, Bristol Myers Squibb, Angelini Ventures, and the JDRF T1D Fund
Cour Pharmaceuticals
$105M
Skokie, IL-based biotech focused on autoimmune diseases.
Hanwha Impact, CPP Investments, Rivas Capital, NGS Super, State of Michigan Retirement System, Flagship Pioneering, and Roka Capital Management
Inari
$103M
Cambridge, MA-based gene editing startup for seeds
FTV Capital, Nvidia, Vistara Growth, Sweetwater PE, NextEquity, Nicola, and Beedi
Kore.ai
$150M
Orlando, FL-based enterprise conversational and generative AI startup
NEA, a16z, and General Catalyst
Metronome
$43M
San Francisco, CA-based provider of usage-based billing solutions for software companies
Redpoint Ventures, Alt Capital, Horsley Bridge, Activant Capital, and Transpose Platform Management
Owner.com
$33M
San Francisco, CA-based digital platform for independent restaurant owners
Intercap and Kleiner Perkins
Plex
$40M
Los Gatos, CA-based streaming media software provider
Coinbase Ventures, Arrington Capital, OKX Ventures, and Gate.io
Portal
$34M
San Francisco, CA-based decentralized exchange for trading bitcoin
Benchmark, Mayfield, and Canvas Ventures
Sema4.ai
$30.5M
Atlanta, GA-based an AI- and machine learning-driven patient-centered genomic and clinical data intelligence company
Next Coast Ventures
Vital Interaction
$15M
Austin, TX-based provider of health care business intelligence and workflow automation software
Greenoaks, Kleiner Perkins, Sequoia Capital, Elad Gil, Emerson Collective, and Galvanize Climate Solutions
Watershed
$100M
San Francisco, CA-based enterprise sustainability platform
GIC, Climate Investment, Sequoia Capital, and SoftBan
Zum
$140M
Redwood City, CA-based school bus operator
The Scherzer Deal Report: January 22-26, 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.
Fundraising for PE & VC Funds
Arlington Capital Partners
$3.8B
Sixth fund
Bain Capital
$1B
Latest midmarket credit fund
I Squared Capital
$1.2B
First climate fund
Innovation Endeavors
$630M
Fifth VC fund
Wynnchurch Capital
$3.5B
Sixth fund
Private Equity Deals
Martis Capital and Din Ventures
Archway Dental
Undisclosed amount
Danbury, CT-based provider of dental practice network
H.I.G. Capital
CHA Consulting
Undisclosed amount
Albany, NY-based infrastructure project consultancy
TPG and Health Velocity Capital
Compass Surgical Partners
Undisclosed amount
Raleigh, NC-based ambulatory surgery center
Vista Equity Partners
EngageSmart
$4B
Braintree, MA-based provider of customer engagement and payments software
TPG
G&A Partners
Undisclosed amount
Houston, TX-based professional employment organization
Fort Point Capital
Ice House America
Undisclosed amount
Moultrie, GA-based automated retail ice and water platform
Kain Capital
My Dr Now
Undisclosed amount
Chandler, AZ-based primary and specialty care provider.
Peloton Equity and Fort Maitland Capital
OnPoint Healthcare Partners
Undisclosed amount
Flower Mound, TX-based tech-enabled services provider for hospitals and medical groups
Angeles Equity Partners
Re-Sourcing
Undisclosed amount
Waukesha, WI-based robotics manufacturer
Bridgepoint
RoC Skincarec.
$500M
New York, NY-based anti-aging skin care brand
Fengate Private Equity
Saco Foods
Undisclosed amount
Middleton, WI-based maker of shelf-stable foods under brands like California Sun Dry and Dolci Frutta
Blackstone
Salas O’Brien
Undisclosed amount
San Jose, CA-based engineering and technical services firm
Venture Capital Deals
Lightrock, SE Ventures, G2 Venture Partners, Benhamou Global Ventures, National Grid Partners, Edison International, and Shell Ventures
AiDash
$50M
San Jose, CA-based satellite platform for infrastructure operations and maintenance
Standard Investments, Booz Allen Ventures, Cubit Capital, Bill Perkins, Breakthrough Energy Ventures, Shield Capital, YC, Initialized Capital, Giant Step Capital, and Republic Capital
Albedo
$35M
Broomfield, CO-based maker of satellite constellations for thermal imaging
SignalFire, Databricks Ventures, Norwest Venture Partners, Two Sigma Ventures, and Foundation Capital
Anomalo
$33M
Palo Alto, CA-based data quality platform.
Portage, Two Sigma Ventures, Brewer Lane Ventures, Six
Thirty Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI, Operator Partners, and Morgan Creek Capital Management
Ansel
$20M
New York, NY-based health insuretech
Paradigm, Standard Crypto, Robot Ventures, and Ethereal Ventures
Axiom
$20M
New York, NY-based smart contract infrastructure startup
FTV Capital
BillingPlatform
$90M
Denver, CO-based revenue lifecycle management platform
General Catalyst, Eldridge, Left Lane Capital, Camber Creek, and Prosus Ventures
Bilt Rewards
$200M
New York, NY-based provider of cobranded credit cards and loyalty programs for property renters
Maersk, Eni, and EDP
Captura
$21.5M
Pasadena, CA-based startup focused on open-ocean carbon capture
I Squared Capital
CheckSammy
c. $22.5M
Dallas, TX-based bulk waste collection startup
CRV, a16z, Stripe, and Madrona
Clerk
$30M
San Francisco, CA-based user authentication platform
a16z, Nat Friedman, Daniel Gross, Sequoia Capital, Smash Capital, SV Angel, BroadLight Capital, and Credo Ventures
ElevenLabs
$80M
New York, NY-based AI voice synthesis platform
DCVC Bio, Novo Holdings, Hanwha Next Generation Opportunity Fund, AccelR8, and Alexandria Venture Investments
Elo Life Systems
$20.5M
Durham, NC-based gene editing startup focused on next-gen food ingredients
Insight Partners, Exor Ventures, and Alumni Ventures
Forta
$55M
San Francisco, CA-based AI platform focused on helping to care for kids with autism
Canapi Ventures, a16z, Remarkable Ventures, Huntington National Bank, First Horizon, and Regions
ModernFi
$18.7M
New York, NY-based bank deposit management platform
Arboretum Ventures
Motif Neuroc.
$19M
Houston, TX-based developer of brain stimulation devices for depression
Evolution Equity Partners, Salesforce Ventures, Tapestry VC, and Zscaler
Oleria
$33.1M
Seattle, WA-based employee access security startup
LG Energy Solution, Euclidean Capital, and Hillspire
Sion Power
$75M
Tucson, AZ-based EV battery developer
Bessemer Venture Partners, GGV Capital, Insight Partners, Greenfield Partners, and Evolution Equity Partners
Torq
$42M
Portland, OR-based no-code automation platform for security teams
Adams Street Partners, Yosemite, a16z and BoxGroup
Turquoise Health
$30M
San Diego, CA-based health care pricing platform
Elephant, Veriten, and EDG Group
Welligence
$41M
Houston, TX-based energy data and intelligence firm