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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
|Scherzer Deal Report|

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
|Scherzer Deal Report|

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
 

|Scherzer Deal Report|

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

|Scherzer Deal Report|

The Scherzer Deal Report: January 16-20, 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

$3B
Second direct lending fund
 
$2.1B
Third flagship growth equity fund
 
$22.2B
Ninth global PE secondaries fund
 
$2.7B
GP-led continuation fund strategy
 
$100M
Third fund
 
$125M
Venture arm focused on web3 startups
 
$850M
Fourth fund

Private Equity Deals

HGGC
Undisclosed
Provo, UT-based provider of management services to dental practices
 
Antin Infrastructure Partners
Undisclosed
New York and Pennsylvania-based fiber-to-the-premise broadband provider
 
Sun Capital Partners
Undisclosed
San Marcos, CA-based grower of microgreens and edible flowers for food service and retail customers
 
Wind Point Partners
Undisclosed
Saugus, CA-based provider of water treatment solutions
 
BlackRock
Undisclosed
San Francisco, CA-based provider of 401(k)s for small and mid-sized businesses.
 
Gridiron Capital
Undisclosed
Tampa, FL-based provider of residential HVAC, plumbing, and electrical services
 
Resurgens Technology Partners
Undisclosed
Glen Allen, VA-based provider of maintenance, operations, and management software for mission-critical facilities
 
Avesi Partners
Undisclosed
Petaluma, CA-based provider of adolescent-focused behavioral health services
 
One Equity Partners
Undisclosed
Virginia Beach, VA-based IT services firm focused on the public sector.
 
Quad-C Management
Undisclosed
Rochester, NY-based provider of MRF polishing and SSI metrology manufacturing solutions
 
Argosy Private Equity
Undisclosed
Michigan Center, MI-based provider of parts for machinery installation systems
 
General Atlantic
Undisclosed
Salt Lake City, UT-based operator of 11 pet care centers in five states
 
JMI Equity
Undisclosed
Carlton, OR-based provider of visual sales and marketing solutions for the hospitality and event industries
 
Astara Capital Partners
Undisclosed
Jeffersonville, IN-based snackfood and cereal maker

 

Venture Capital Deals

Norwest Venture Partners, Homebrew
$15M
Santa Clara, CA-based pricing startup based on usage
 
Blue Heron Capital, Beringea, Indiana Next Level Fund/50 South Capital Advisors, High Alpha, Mutual Capital Partners, Signal Peak Ventures, Allos Ventures, Elevate Ventures, M25
$20M
Indianapolis, IN-based provider of conversational intelligence solutions to the healthcare market
 
Taiwania Capital, IPM Group, Alpha Intelligence Capital, H&D Asset Management, Venture to Future Fund, Kolowrat Group
$19M
Erlanger, KY-based provider of warehouse automation solutions
 
Bright Pixel Capital, Eclipse, GC1 Ventures, TechNexus Venture Collaborative, Anti Fund VC, Imaginary Ventures, Foundation Capital, White Star Capital
$15M
New York, NY-based commerce platform-as-a-service
 
Vertex Ventures, Sequoia Capital, GTMFund, Neythri Futures Fund
$15M
Palo Alto, CA-based go-to-market operating system for revenue teams
 
Digital Alpha, Eight Roads Ventures Japan, INCJ, Intel Capital, Japan Post Investment Corporation, Silicon Valley Bank, Tinshed Asia, Wilson Sonsini Investments
$60M
San Mateo, CA-based hybrid cloud data management and storage provider
 
Five Elms Capital
$27.5M
Malibu, CA-based contract management platform
 
Conti Ventures, Rabo Food & Ag Innovation Fund, CNH Industrial, Louis Dreyfus Company Ventures, CHS, Growmark’s Cooperative Ventures
$27.6M
Arlington, VA-based soil data provider
 
Silversmith Capital Partners
$104M
Syracuse, NY-based provider of digital engagement software for automakers
 
Valar Ventures, Tiger Global, Amplo, Pareto Holdings, Quiet Capital
$20M
San Francisco, CA-based provider of open banking API solutions
 
Temasek, Lowercarbon Capital, Toyota Ventures, Felicis Ventures
$21M
San Francisco, CA-based developer of plants that can capture and store carbon
 
Foundry Group, BMW i Ventures, Edison Partners, ATX Venture Partners
$42M
Houston, TX-based electronic manufacturing tech platform
 
Clean Energy Ventures, Aramco Ventures, Emerson Collective, At One Ventures, Mistletoe, Doral Energy-Tech Ventures
$28M
Palo Alto, CA-based developer of high-density carbon-oxygen batteries
 
FM Capital, ADIA, Nvidia, B37 Ventures, Lineage Ventures, Presidio Ventures, Sumitomo Corp., ROBO Global Ventures, Koch Disruptive Technologies, NEA
$73M
Golden, CO-based developer of autonomous electric yard trucks
 
Abingworth, Carlyle, OrbiMed, Catalys Pacific, DaVita Venture Group
$150M
Raleigh, NC-based biotech focused on secondary hyperparathyroidism in patients on hemodialysis.
 
Norwest Venture Partners, Viking Global Investors
$80M
Valencia, CA-based startup focused on chronic autoimmune diseases.
 
LTV SaaS Growth Fund
$35M
Austin, TX-based provider of the cart and funnel software for SMEs
 
Felicis Ventures, DFJ Growth, Aloft VC, General Catalyst, Point72, Costanoa Ventures, Shield Capital
$75M
Palo Alto, Calif.-based ML startup focused on national security

|Scherzer Deal Report|

The Scherzer Deal Report: January 9-13, 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

$5B
Fifth infrastructure debt fund
 
$12.9B
Fifth GP solutions fund
 
Eighth mezzanine debt fund
 
$450M
Second fund
 
$6B
Ninth fund

Private Equity Deals

Goldman Sachs and Everstone Capital Partners
Undisclosed
San Mateo, CA-based tech consultancy
 
Vista Equity Partners
$2.6B
Boston, MA-based provider of insurance industry SaaS
 
Garnett Station Partners
Undisclosed
Richmond, VA-based express car wash chain
 
OceanSound Partners
Undisclosed
Harrisburg, PA-based provider of infrastructure consulting services
 
Alpine Investors
Undisclosed
Miami, FL-based provider of revenue cycle management services to the health care industry
 
Compass Equity Group
Undisclosed
Cranston, RI-based developer of polymer-based products focused on thermoset polyurethane elastomers
 
Fort Point Capital
Undisclosed
Eastpoint, IL-based vacation rental management platform
 
Thoma Bravo, Sunstone Partners
Undisclosed
San Francisco, CA-based user experience testing platform
 
McNally Capital
Undisclosed
McLean, VA-based provider of defense and national security solutions

 

Venture Capital Deals

Norwest Venture Partners, Atomic, Transpose Platform, Spring Tide Capital
$22M
San Francisco, CA-based accidental payments mitigation startup
 
USIT
$60M
San Francisco, CA-based provider of on-demand Earth observation data via space radar
 
Avanta Ventures, MetaProp, M13, Madrona
$21.5M
San Francisco, CA-based rental property management startup
 
Agronomics, Siddhi Capital, CPT Capital, Thia Ventures, 8090 Industries, Echo
$20M
New York, NY-based fermentation platform for producing alt proteins
 
8VC, Metrodora, the Female Founders Fund, Collaborative Fund, Alumni Ventures
$19.1M
New York, NY-based maternity care startup
 
KKR, Abdiel Capital, Tiger Global
$228M
Boston, MA-based provider of low-code app development tools
 
Clearlake Capital, Health Velocity Capital
$300M
Irving, TX-based health care staffing company
 
Era Ventures, Parker89, Montage Ventures, Foundamental, Global Founders Capital, Activant Capital, Gaingels, Elefund, Arkin Holdings
$29M
New York, NY-based luxury homebuilding platform
 
Moneta Ventures, Align Capital, Green Park & Golf Ventures, Chevron Technology Ventures, Piva Capital, Perot Jain, Capital Factory
$21.2M
Dallas, TX-based industrial automation startup
 
Bank of America, Goldman Sachs
$125M
San Francisco, CA-based market infrastructure platform for global carbon and environmental commodities

|Scherzer Deal Report|

The Scherzer Deal Report: January 2-6, 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

$750M
Second fund
 
$737M
Second junior capital opportunities fund
 
$2.1B
The fifth direct co-investment fund
 
$325M
Second fund

Private Equity Deals

Planet DDS
Undisclosed
Roswell, GA-based cloud software for dental practices
 
SAI Med Partners
Undisclosed
Waltham, MA-based pharma and healthcare market research firm
 
Cressey & Co., Health Enterprise Partners
Undisclosed
Alachua, FL-based health care tech management services firm
 
Delos Capital, The Silverfern Group
Undisclosed
Le Sueur, MN-based provider of aluminum castings and plastic injection molding components
 
BC Partners
$750M
New York, NY-based provider of B2B digital marketing services
 
DW Healthcare Partners
Undisclosed
New York, NY-based medical education company
 
Butterfly
Undisclosed
Eden Prairie, MN-based ingredient manufacturer, focused on raw dairy imports.
 
Golden Gate Capital
Undisclosed
San Francisco, CA-based wealth management firm
 
Ridgemont Equity Partners
Undisclosed
Randolph, MA-based logistics company
 
Partners Group
Undisclosed
Canada and Chicago, IL-based personal protective equipment and safety gear provider
 
Vestar Capital Partners, Windhover Capital
Undisclosed
Santa Maria, CA-based frozen berry processor and ingredient provider
 
LionTree
Undisclosed
Miami, FL-based streaming ad tech platform

 

Venture Capital Deals

BioStar Capital
$20M
Boston, MA-based medical device maker focused on calcified arterial disease.
 
Horizon 3 Healthcare, Arboretum Ventures, Hostplus, EQT Life Sciences, Lumira Ventures, M. H. Carnegie & Co.
$35M
Kirkland, WA-based developer of heart failure treatments
 
GreatPoint Ventures, Bow Capital
$16M
New York, NY-based precision exposome sequencing startup
 
Morgan Stanley Tactical Value, Goldman Sachs Asset Management, Ontario Teachers’ Pension Plan, CPP Investments
$401M
Santa Clara, CA-based cloud access security company
 
Slow Ventures, Coatue, K5 Global, Mantis Ventures, Peter Fenton, Jerry Murdock
$18M
Los Angeles, CA-based mobile performance management platform
 
Manulife Investment Management, TD Asset Management, Mountain Group Partners
$375M
Nashville, TN-based renewable power producer
 
Brookfield Growth
$25M
Seattle, WA-based contract lifecycle management startup
 
Column Group
$100M
Menlo Park, CA-based developer of engineered cytokine therapeutics

|Scherzer Deal Report|

The Scherzer Deal Report: December 12-31, 2022

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

$700M
Second midmarket PE fund
 
$866M
Third real estate tech VC fund
 
$32.4B
15th flagship tech buyout fund ($24.3B), fourth Discover fund ($6.2B), and Explore fund ($1.8B)
 
$200M
Second climate tech fund
 
$400M
13th flagship VC fund
 
$530M
Fourth structured capital fund

Private Equity Deals

Coral Tree Partners
Undisclosed
Grand Rapids, MI-based digital jukebox business
 
EQT Partners
Undisclosed
Lawrenceville, NJ-based B2B accounts receivable automation and integrated payments company.
 
Alterna Equity Partners
Undisclosed
Miami, FL-based long-haul transportation and logistics services company
 
Thoma Bravo
Undisclosed
San Mateo, CA-based business spend management software provider.
 
Platinum Equity Harbison
Undisclosed
Pittsburgh, PA-based provider of refractory products and services
 
Wynnchurch Capital
Undisclosed
Houston, TX-based MRO services firm
 
Vector Capital
$100M
Santa Clara, CA-based cybersecurity company
 
The Halifax Group
Undisclosed
Fremont, CA-based IT services firm
 
Manulife Investment Management
$100M
Pasadena, CA-based solar and EV charging company
 
TSG Consumer Partners
Undisclosed
Denver, CO-based portfolio of brands in the beauty, wellness, and self-care sectors
 
Bansk Group
Undisclosed
Franklin, TN-based brand of frozen burritos and breakfast sandwiches
 
TELEO Capital Management
Undisclosed
Indianapolis, IN-based cloud contact center platform
 
Level Equity Team
Undisclosed
Columbus, OH-based provider of work management software
 
BDT Capital Partners
Undisclosed
Palatine, IL-based grill-maker

 

Venture Capital Deals

Widjaja Family Investment Office
$18M
Broomfield, CO-based developer of medical tech for chronic disease management
 
Global Impact Fund
$17M
Washington, DC-based seller of OTC medicines and reusable packaging
 
Wellington Management
$200M
New York, NY-based business data analytics platform
 
Brighton Park Capital
$40M
Mountain View, CA-based provider of online fraud detection and risk management software for financial services and e-commerce
 
Connect Ventures
$20M
El Segundo, CA-based AI entertainment startup
 
Cohort Ventures, LG Technology Ventures, Edison International, Prelude Ventures, Radar Partners
$28M
Menlo Park, CA-based battery management startup
 
Anzu Partners, AlleyCorp, Scout Ventures, Silicon Catalyst Angels, Schams Ventures, E14 Fund, Alumni Ventures
$21.7M
Santa Clara, CA-based edge AI startup
 
Microsoft’s Climate Innovation Fund, Lightrock Climate Impact Fund, Moore Strategic Ventures, Oman Investment Authority, Molicel
$214M
Woodinville, WA-based developer of battery anode technology that uses silicon instead of graphite
 
Johnson & Johnson Innovation, Venture Investors, Lumira Ventures, Yonjin Venture, the State of Wisconsin Investment Board
$85M
Minneapolis, MN-based developer of sonic beam therapy for treating tumors
 
Mayfield
$17M
New York, NY-based contract analysis platform
 
Sixth Street Growth
$150M
Salt Lake City, UT-based provider of life sciences manufacturing software
 
Long Ridge Equity Partners
$62M
Atlanta, GA-based cloud customer engagement platform
 
Lightspeed Venture Partners, Coatue
$50M
San Francisco, CA-based startup focused on secure application ingress.
 
CAVU Consumer Partners
$25M
Dallas, TX-based prebiotic soda brand
 
Prime Movers Lab
$15M
Rockville, MD-based developer of cislunar spacecraft
 
CPP Investments
$200M
San Francisco, CA-based energy-as-a-service startup
 
Builders VC, McKinley Management, George Kaiser Family Foundation, Energy Innovation Capital, Moog Inc. 
$38M
Santa Clara, CA-based developer of autonomous heavy equipment
 
US Innovative Technology Fund
$60M
San Diego, CA-based developer of AI pilots for aircraft
 
C&S Family Capital, FS, Toba Capital, Lerer Hippeau Ventures, Primary Venture Partners, TriplePoint Capital
$40M
New York, NY-membership-based chain of veterinary clinics
 
Qatar Investment Authority, Evolution Equity Partners, G Squared, Irving Investors, Boldstart Ventures, Sands Capital, Tiger Global
$196.5M
Boston, MA-based developer security company
 
Bessemer Venture Partners, Insight Partners
$28M
New York, NY-based no-code config tool for Salesforce software
 
Arch Venture Partners, Gates Frontier, Bezos Expeditions, Reliance Digital Health Limited, Greenoaks, Alumni Ventures, Moore Strategic Ventures, Project X, Khosla Ventures, NeuroTechnology Investors, METIS, Forepont Capital Partners, ID8 Investments, Shanda Group, University of Melbourne
$75M
New York, NY-based developer of an endovascular brain-computer interface
 
GGV Capital, Iconiq, Cowboy Ventures, Costanoa Ventures
$52M
New York, NY-based accounting automation startup

|Scherzer Deal Report|

The Scherzer Deal Report: December 5-9, 2022

This week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies was brought to you by Scherzer International.

Fundraising for PE & VC Funds

$347M
Fourth flagship fund and its first opportunities fund
 
$3.12B
CETP V, a pan-European technology fund
 
$5.185B
Seventh flagship buyout fund ($4.3B) and second junior capital fund ($835M)

Private Equity Deals

Greenbriar Equity Group
Undisclosed
Stockton, CA-based provider of complex composite and metal-bonded structural assemblies.
 
Investcorp, PSP Investments
Undisclosed
McLean, VA-based business advisory firm
 
Clearlake Capital Group, LionTree, Fidelity, Silver Lake, SoftBank
$700M
Jacksonville, FL-based sports merchandising giant
 
Tiger Infrastructure Partners
Undisclosed
Irvine, CA, and Ireland-based aviation services provider
 
Antin Infrastructure Partners
Undisclosed
Coral Gables, FL-based fiber broadband provider
 
Green Rock Energy Partners
Undisclosed
South Park Township, PA-based renewable natural gas production facility
 
Mill Point Capital
Undisclosed
Garden City, NY-based maker of frozen pasta
 
Lincolnshire
Undisclosed
Caldwell, ID-based provider of consumables and light equipment to automotive collision shops and dealerships

 

Venture Capital Deals

Deep Track Capital, RTW Investments, Fairmount, Venrock Healthcare Capital
$149M
Waltham, MA-based biotech focused on inflammatory and immunological disorders.
 
Lightspeed Venture Partners, Bain Capital Ventures
$15M
Los Altos, CA-based provider of resale software for brands
 
Hack VC, Blockchain Capital, SignalFire, Valor Equity Partners, Arca, Pulsar Trading, Alumni Ventures Blockchain Fund
$15M
San Francisco, CA-based provider of crypto tax accounting and compliance software
 
Magnetar Capital
$100M
Roseland, NJ-based cloud provider focused on GPU-accelerated workloads.
 
Westlake Village BioPartners, Corner Ventures, Alexandria Venture Investments, Caltech
$47M
Thousand Oaks, CA-based developer of targeted medicines for solid tumors
 
Iconiq Growth, GGV Capital
$200M
San Diego, CA-based security compliance and automation platform
 
WestCap, Sator Grove
$40M
Chicago, IL-based senior talent recruiting platform
 
Edison Partners, Roviant Sciences
$21M
New York, NY-based clinical trial intelligence startup
 
Ten Coves Capital, Fiserv, Derive Ventures
$45M
Arlington, VA-based restaurant management and bill payment platform
 
3VC, NordicNinja VC, Maersk Growth, Atomico, Project A, Metaplanet, Taavet+Sten
$20M
Mountain View, CA-based provider of business negotiation tech
 
XYZ Venture Capital
$17M
Seattle, WA-based health benefits startup focused on small startups
 
Gerdau, Western Technology Investments, ATEL Capital, Asahi Kasei, Unreasonable Collective
$30M
Rialto, CA-based home design and prefabrication tech startup
 
Andreessen Horowitz, Stonecroft, 75andSunny, Fifth Wall, 645 Ventures, NextView Ventures, LiveOak Venture Partners, Vesta Ventures, ATX Venture Partners
$43M
Austin, TX-based provider of infrastructure solutions for warehouse transactions
 
Sway Ventures, C16 Ventures, ATX Venture Partners, Lockheed Martin Ventures, Valor Equity Partners, Draper Associates
$41M
El Segundo, CA-based space data analytics startup
 
Partners Investment, NEOM Investment Fund, KT Corp., PureTech Health, M Ventures, MP Healthcare Venture Management, Neoteny, Evidity Health Capital
$19.25M
Boston, MA-based developer of vocal biomarker tech
 
Helios Climate Ventures, OGCI Climate Investments, Japan Energy Fund, Senator Investment Group, Standard Industries
$54M
Tualatin, OR-based developer of nickel-zinc battery materials
|Scherzer Deal Report|

The Scherzer Deal Report: November 28-December 2, 2022

This week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies was brought to you by Scherzer International.

Fundraising for PE & VC Funds

$1.1B
2022 Global Fund
 
$20M
Debut fund

Private Equity Deals

Stellex Capital, Eldridge
Undisclosed
Moon, PA-based provider of engineered parts and services for railroad rolling stock
 
Hyperion Capital Partners, Mereo Capital Partners
Undisclosed
Dekalb, IL-based maker of thermoformed blister and clamshell packaging, plus blister seal machines
 
EnCap Investments
Undisclosed
Houston, TX-based provider of Jones Act-compliant offshore wind turbine installation vessels
 
Shoreline Equity Partners
Undisclosed
Alpharetta, GA-based provider of roofing and re-roofing services in the Southeastern US
 
MiddleGround Capital
Undisclosed
Gap, PA-based maker of precast concrete tanks for the water and wastewater treatment market
 
Cloud 9 Software
Undisclosed
Birmingham, AL-based dental practice management platform
 
Concentric Equity Partners, Summer Street Capital Partners
Undisclosed
Dallas, TX-based non-hazardous solid waste and recycling collection firm
 
Warburg Pincus
Undisclosed
San Diego, CA-based specialty insurance program manager
 
Investcorp
Undisclosed
Greenwich, CT-based CLO manager
 
Audax Private Equity
Undisclosed
Tampa, FL-based operator of around 100 franchised and company-owned weight-loss and wellness clinics
 
MML Capital On
Undisclosed
Deer Park, TX-based provider of industrial safety and maintenance services
 
Palladium Equity Partners
Undisclosed
San Diego, CA-based PR firm

 

Venture Capital Deals

Valor Equity Partners, Founders Fund, Andreessen Horowitz, General Catalyst, 8VC, Lux Capital, Thrive Capital, DFJ Growth, Elad Gil, Lachy Groom, Human Capital, Marlinspike, WCM Investment Management, MVP Ventures, Lightspeed Ventures, US Innovative Technology Fund
$1.48B
Irvine, CA-based defense tech company
 
Convent Capital, General Mills, Cibus Capital, Rabobank, MS&AD, Firstime, J-Ventures, Plug&Play, iAngels, Gaingels, UpWest
$42M
Fresno, CA-based apiculture startup
 
Khosla Ventures, Deep Insight, Sixty Degree Capital
$43.2M
Los Angeles, CA-based developer of tiny robots to deliver drugs into the brain
 
The Column Group, Lux Capital, Two Sigma Ventures, Evotec, Bristol Myers Squibb, Alexandria Venture Investments, Dolby Family Ventures
$96M
Seattle, WA-based biotech focused on neurodegenerative disease.
 
Thrive Capital, Greenoaks Capital
$30M
Seattle, WA-based medical consulting startup
 
Madrona, Alkeon, Tiger Global, Wing VC, Citi Ventures, SAP.io, Nvidia
$47M
San Francisco, CA-based speech-to-text platform
 
NEA, Abingworth, Forge Life Science Partners, Avego, PFM Health Sciences, The Eleven Fund, Column Group, 5AM Ventures, Redmile Group, Cowen Healthcare Investments, Sanofi Ventures, Osage University Partners, Altitude Life Science Ventures
$120M
San Diego-based biotech focused on neurosensory-inflammatory disorders.
 
Polychain Capital, Protocol Labs, Arweave, Coinbase Ventures, Digital Currency Group, North Island Ventures, Distributed Global, The LAO, Argonautic Ventures
$25M
New York, NY-based web3 developer platform
 
Mayfield, Clear Ventures, Addition, Qualcomm Ventures
$116M
San Jose, CA-based maker of solid-state chips for active device cooling
 
Headline, LFX Venture Partners, Palm Drive Capital, Mucker Capital, Cornerstone Ventures, Red Building Capital
$23M
Los Angeles, CA-based freight forwarding startup
 
Pendulum, Cercano Management, Cohen Circle, The George Kaiser Family Foundation, NextEra Energy, Bank of America, Citi Ventures, PNC, Popular, Truist Ventures, TTV Capital, Wells Fargo
$45M
Atlanta, GA-based digital banking platform for Black and Latino individuals and businesses
 
Advent International, .406 Ventures, RRE Ventures, Top Tier Capital, Comcast Ventures
$25M
New York, NY-based no-password authentication startup
 
Novo Holdings, Lyfe Capital, Versant Ventures, OrbiMed Advisors
$65M
Philadelphia, PA-based gene editing startup
 
General Catalyst
$60M
San Francisco, CA-based wedding planning platform
 
Goldman Sachs, G2 Venture Partners, Slack, Scale Venture Partners
$117M
Wilmington, MA-based warehouse robotics developer
 
Catalio Capital Management, Intel Capital
$17M
Houston, TX-based provider of virtual care and analytics
 
Vensana Capital, Broadview Ventures, Epidarex Capital, Georgia Research Alliance Venture Fund
$20M
Atlanta, GA-based developer of medical devices for mitral heart valve repair
 
Piva Capital, Arsenal Growth Equity
$33M
Orlando, FL-based last-mile transportation visibility solution
 
GV, Decibel, Okta Ventures, Ballistic Ventures, SYN Ventures
$26M
Palo Alto, CA-based security platform-as-a-service
 
Sound Ventures, Seven Seven Six, Blockchange Ventures, Avalanche’s Blizzard Fund, C2 Ventures
$18M
Los Angeles, CA-based creator marketing and collaboration startup
 
M Ventures, SCC Soft Computer, Koç Holding
$15.2M
Los Angeles, CA-based digital pathology startup
 
Declaration Partners, 14W, CRV, Adam Grant, Gwyneth Paltrow, Jessica Alba, Brian Kelly
$26M
Carlsbad, CA-based resort booking platform
 
Andreessen Horowitz, Ancient8, Animoca Brands, Gumi Cryptos Capital, Harrison Metal Capital, Makers Fund, Merit Circle, Transcend
$15M
San Mateo, CA-based web3 game studio
 
Cox Enterprises, Pendulum Holdings
$35M
Atlanta, GA-based coworking and warehouse space startup
 
Edison Ventures, Forgepoint Capital
$31M
Newark, NJ-based identity hygiene company
 
Fin VC, Mastercard, Proof Ventures, Trestle, Espresso Capital
$35M
New York, NY-based spend management startup
 
General Catalyst, Byers Capital, BoxGroup
$67M
San Francisco, CA-based clinical research organization
 
Soma Capital
$15M
San Francisco, CA-based credit card startup
 
Baird Capital, Spring Lake Equity Partners, Bessemer Venture Partners, Menlo Ventures, High Alpha
$31.5M
Indianapolis, IN-based SaaS management startup
|Scherzer Deal Report|
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