The Scherzer Deal Report: March 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.
Fundraising for PE & VC Funds
Ballistic Ventures
$360M
Second fund
Fulcrum Equity Partners
$372M
Fifth fund
Gauge Capital
$1.4B
Fourth fund
GoldenTree Asset Management
$1.35B
Private credit fund
KSL Capital Partners
$2B
Sixth fund
Private Equity Deals
Sixth Street Partners, KKR, Bayview, and Card
WorksGreenSky
Undisclosed amount
Atlanta, GA-based installment lending platform
Bharcap Partners
Insurvia
Undisclosed amount
Las Vegas, NV-based insurer focused on the Hispanic market.
MiddleGround Capital
L. S. Starretc
$113M
Athol, MA-based maker of precision tools and cutting equipment.
Patient Square Capital
NanoString
Undisclosed amount
Seattle, WA-based life sciences tool developer
Nordic Capital
One
Undisclosed amount
Folsom, CA-based digital payments platform for insurers HCAP
Partners
PAX Health
Undisclosed amount
San Diego, CA-based
HCAP Partners acquired four behavioral health businesses in the Northeastern U.S. to form a new company.
TA Associates
PowerGem
Undisclosed amount
Clifton Park, NY-based provider of simulation software for the electric power industry
Frazier Healthcare Partners, NEA, and 22C Capital
RevSpring
Undisclosed amount
Nashville, TN-based provider of billing and communications services to health care and financial services companies.
Stride Consumer Partners
Serenity Kids
$52M
Austin, TX-based shelf-stable pouched baby food brand
Venture Capital Deals
Sixth Street Partners, KKR, Bayview, and CardWorks
GreenSky
Undisclosed amount
Atlanta, GA-based installment lending platform
Bharcap Partners
Insurvia
Undisclosed amount
Las Vegas, NV-based insurer focused on the Hispanic market.
MiddleGround Capital
L. S. Starretc
$113M
Athol, MA-based maker of precision tools and cutting equipment.
Patient Square Capital
NanoString
Undisclosed amount
Seattle, WA-based life sciences tool developer
Nordic Capital
One
Undisclosed amount
Folsom, CA-based digital payments platform for insurers HCAP
Partners
PAX Health
Undisclosed amount
San Diego, CA-based
HCAP Partners acquired four behavioral health businesses in the Northeastern U.S. to form a new company.
TA Associates
PowerGem
Undisclosed amount
Clifton Park, NY-based provider of simulation software for the electric power industry
Frazier Healthcare Partners, NEA, and 22C Capital
RevSpring
Undisclosed amount
Nashville, TN-based provider of billing and communications services to health care and financial services companies.
Stride Consumer Partners
Serenity Kids
$52M
Austin, TX-based shelf-stable pouched baby food brand
The Scherzer Deal Report: March 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.
Fundraising for PE & VC Funds
Artemis
$36M
Second fund
Capitol Meridian Partners
$900M
Debut fund
Commerce Ventures
$150M
Fifth fund
EQT
$3.3B
Long-hold impact investing fund
Fathom Fund
$100M+
Debut fund
Prudence
$80M
Third fund
Riverarch Equity Partners
$1B
Fourth fund
Silas Capital
$150M
Second consumer growth fund
Private Equity Deals
L Catterton
AmaWaterways
Undisclosed amount
Calabasas, CA-based luxury river cruise line
Keystone Capital
Barkley and OKRP
Undisclosed amount
Merger of consumer marketing firms
AE Industrial Partners
Calca Solutions
Undisclosed amount
Lake Charles, LA-based maker of hydrazine
Charlesbank Capital Partners
EverDriven Technologies
Undisclosed amount
Greenwood Village, CO-based alternative student transportation platform
Carousel Capital
O.R. Colan Associates
Undisclosed amount
Charlotte, NC-based provider of right-of-way services and land management solutions
Lee Equity Partners
PCS Retirement
Undisclosed amount
Philadelphia, PA-based retirement plan recordkeeper
Luxium Solutions
PLX and PLX UK
Undisclosed amount
Deer Park, NY-based designer and manufacturer of optical products for defense and aerospace
Venture Capital Deals
Rockefeller Capital Management, Bain Capital Ventures, Signal
Fire, and Checkr
Argyle
$30M
New York, NY-based provider of income and employment data
IVP, Spark Capital, Greylock, South Park Commons, Lachy Groom, and Base Case
Baseten
$40M
San Francisco, CA-based machine learning infrastructure startup
Next Coast Ventures, S3 Ventures, and UPMC Enterprises
BrainCheck
$15M
Austin, TX-based cognitive health assessment startup
Centana Growth Partners
Cayosoft
$22.5M
Columbus, OH-based Microsoft Active Directory management firm
Delta-v Capital, AllianceBernstein, Standard Investments, Toshiba Digital Solutions, SE Ventures, Rockwell Automation, and SVB
Claroty
$100M
New York, NY-based cyber-physical systems protection provider
Sapphire Ventures and Ansa Capital
Defense Unicorns
$35M
Colorado Springs, CO-based provider of continuous delivery software for national security systems.
CapitalG
DTEX Systems
$50M
San Jose, CA-based insider risk management company
ARCH Venture Partners, Fidelity Management & Research Company, GV, Cormorant Asset Management, RA Capital, General Catalyst, and Alex Gorsky
FogPharma
$145M
Cambridge, MA-based oncology startup
Fin Capital, Glilot Capital Partners, Group11, and TriNet
Healthee
$32M
New York, NY-based health benefits startup
Cerberus Capital Management
Maybell Quantum
$25M
Denver, CO-based quantum infrastructure developer
Base10 Partners, Digitalis Ventures, Conductive Ventures, and Uphonest Capital
Moego
$24M
Los Angeles, CA-based payments and scheduling software company for pet groomers
B Capital
Nalu Medical
$20M
Carlsbad, CA-based developer of miniature neurostimulation devices
Cota Capital, GM Ventures, and RTX Ventures
Neural Propulsion Systems
$17.5M
Pleasanton, CA-based software-defined radar startup
March Capital, General Catalyst, Insight Partners, E14 Fund, Crosslink Capital, Spring Rock Capital, Liquid 2 Ventures, Harmonic Growth Partners, and the American Dental Association
Overjet
$53.2M
Boston, MA-based dental provider support startup
Powerhouse Capital and the PGA Tour
Pro Shop
$19.25M
Golf media and commerce startup.
BlackRockRapid
SOS
$75M
New York, NY-based emergency response data platform
Ballistic Ventures and Artisanal Ventures
Reach Security
$20M
Sunnyvale, CA-based startup that helps companies get more value out of existing cybersecurity tools.
Octopus Ventures, QED, Mouro Capital, and Counterpart Ventures
Remofirst
$25M
San Francisco, CA-based HR tech startup
Lightspeed, Fin Capital, Naventures, Diagram, Banco Popular, and Mana Ventures
Synctera
$18.6M
San Francisco, CA-based banking-as-a-service startup
Base10 Partners, Anthos Capital, Tech Operators, and StoneMill Ventures
Todyl
$50M
Denver, CO-based modular cybersecurity startup
Upload Ventures, Quiet Capital, and Pear Ventures
Topsort
$20M
San Francisco, CA-based adtech startup
The Scherzer Deal Report: February 26-March 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.
Fundraising for PE & VC Funds
Chipotle
$50M
Corporate VC fund
COTU Ventures
$54M
Debut fund
Inspired Capital
$330M
Third fund
Ocean Avenue Capital Partners
$600M
Fifth fund
Renovus Capital Partners
$325M
Multi-asset continuation fund
Zacuna Ventures
$56M
Debut fund
Private Equity Deals
GTCR and Avryo Health
7to7 Dental
Undisclosed amount
San Antonio, TX-based dental service organization
Bow River Capital
Accelo
Undisclosed amount
Denver, CO-based provider of professional services automation software.
Nordic Capital
ActiveViam
Undisclosed amount
New York, NY-based provider of banking software
Thomas H. Lee Partners
Agiliti
c. $2.5B
Minneapolis, MN-based provider of health care tech management and services
Argosy Healthcare Partners
Command Medical Products
Undisclosed amount
Ormond Beach, FL-based manufacturer single-use medical devices
Thoma Bravo
Everbridge
$1.8B
Burlington, MA-based provider of critical event management and national public warning software
Summit Partners
Insurcomm
Undisclosed amount
Portland, ME-based provider of commercial and residential restoration services
Bridgepoint
RoC Skincarec
$500M
New York, NY-based anti-aging skincare brand
Blackstone
Rover
$2.3B
Seattle, WA-based pet walking and sitting marketplace
Leeds Equity Partners
TouchMath
Undisclosed amountColorado Springs, CO-based provider of supplemental math curriculum
Venture Capital Deals
Lightspeed, Redpoint Ventures, CVS Health Ventures, Spark Capital, USV, Bessemer Venture Partners, and Wittington Ventures
Abridge
$150M
Pittsburgh, PA-based clinical documentation startup
Founders Fund, Dragonfly, SevenX Ventures, Figment Capital, and Nomad Capital
Avail
$27M
Chicago, IL-based modular blockchain project that spun out of Polygon
Leavitt Equity Partners
B.well
$40M
Baltimore, MD-based patient engagement and health data platform
Bezos Expeditions, Nvidia, OpenAI, Parkway VC, Align Ventures, Intel Capital, and ARK Invest
Figure
$675M
Sunnyvale, CA-based maker of humanoid robots.
Nextech Invest, RA Capital Management, Rock Springs Capital, General Catalyst, Marshall Wace, Samsara Biocapital, Foresite Capital, Symbiosis, Catalio Capital Management, Sixty Degree Capital, and former J&J CEO Alex Gorsky
FogPharma
$145M
Cambridge, MA-based biotech
Kleiner Perkins, Lightspeed, Sequoia Capital, Coatue, Iconiq Growth, IVP, Latitude Capital, Adams Street, Capital One Ventures, Citi, Databricks Ventures, Workday Ventures, and General Catalyst
Glean
$200M
Palo Alto, CA-based AI enterprise search startup
Khosla Ventures, NEA, Kleiner Perkins, and Redalpine
Inkitt
$37M
New York, NY-based self-publishing platform
Lightspeed, Insight Partners, Point Nine, and Air Street Capital
Intenseye
$61M
New York, NY-based provider of workplace safety software
Alaska Permanent Fund, Cure Ventures, The Column Group, Euclidean Capital, and Saisei Ventures
Kenai Therapeutics
$82M
San Diego, CA-based developer of a dopamine neuron progenitor targeting Parkinson’s Disease
Polaris Partners, Arch Venture Partners, Exor Ventures, and Collaborative Fund
Matter Neuroscience
$26M
New York, NY-based mobile app for happiness
NTT, Bloom8, McWin Capital Partners, Mizuho Bank, Mitsubishi Shokuhin Co., JICN, and Yaskawa Electric
Oishii
$134M
Jersey City, NJ-based vertical grower of strawberries and tomatoes
Bond, Abstract Ventures, Michael Ovitz’s Crossbeam Ventures, SKIMS co-founders Emma and Jens Grede
Passes
$40M
Los Angeles, CA-based creator platform for super fans
GV, Main Street Advisors, Visionary Ventures, and YK BioVentures
Pelage Pharmaceuticals
$17M
Los Angeles, CA-based developer of hair loss treatments
Trousdale Ventures, UP.Partners, R7, Yamaha Motor Ventures
Range Energy
$23.5M
Mountain View, CA-based maker of battery-propelled trucking trailers
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