The Scherzer Deal Report: October 7-11, 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

Mill Point Capital
$1.7B
Third midmarket PE fund

Renovus Capital Partners
$875M
Fourth buyout fund

Shore Capital Partners
$1.9B
First health care fund, second business services fund and first search fund

Siguler Guff
$580M
Private credit fund focused on small businesses

Private Equity Deals

Renovus Capital Partners
Angeion Group
Undisclosed amount
Philadelphia, PA-based class action law firm

Kava Equity Partners
Arrowhead Contracting
Undisclosed amount
Overland Park, KS-based environmental remediation services firm

Sixth Street
AtVenu
$130M
San Clemente, CA-based live event payment processor

Staple Street Capital
Avante Health Solutions
Undisclosed amount
Chicago, IL-based medical equipment maker

Apollo Global Management
Barnes Group
$3.6B
Bristol, CT-based maker of aerospace components

Bain Capital Credit
Chartbeat
Undisclosed amount
Austin, TX-based media analytics software firm.

Butterfly Equity
Duckhorn Portfolio
$1.95B
St. Helena, CA-based winery owner

26North
Onelife Fitness
Undisclosed amount
McLean, VA-based gym chain

Blue Point Capital Partners
Pinnacle MEP Holdings
Undisclosed amount
St Clair Shores, MI-based HVAC and plumbing services provider in the Midwest

Radial Equity Partners
Plasticade
Undisclosed amount
Des Plaines, IL-based maker of traffic safety and signage products

TA Associates
Solifi
Undisclosed amount
Minneapolis, MN-based secured finance software firm

Wind Point Partners, Duration Capital Partners, and Oaktree Capital Management
STG Logistics
$300M
Bensenville, IL-based transloading and containerized freight services firm

H.I.G. Capital
STS Aviation Group
Undisclosed amount
Jensen Beach, FL-based aviation services company

IQVentures
The Aaron’s Company
$504M
Atlanta, GA-based lease-to-own retailer

KKR
The Parking Spot
Undisclosed amount
Chicago, IL-based owner and operator of near-airport parking properties

VSS Capital Partners
Treya Partners
Undisclosed amount
San Francisco, CA-based management consultancy focused on procurement and spend management

Venture Capital Deals

a16z, Two Sigma Ventures, RV Invest, Eli Lilly, GV, Biovision Ventures, Valhalla Ventures, Indicator Ventures, Alumni Ventures, LifeLink Ventures, Mana Ventures, Gaingels, and ExitFund
Arda Therapeutics
$43M
San Carlos, CA-based developer of cell depletion therapies for chronic diseases

Oak HC/FT
Auger
$100M
Placentia, CA-based operating system for global supply chains

Dealer Tire
BizzyCar
$15M
St. Peters, MO-based provider of vehicle recall solutions

Engine Ventures, At One Ventures, Angular Ventures, Tamarack Global, Propeller Ventures, Starlight Ventures, and Nucleation Capital
Blue Energy
$45M
Washington, DC-based developer of underwater nuclear reactors

SignalFire, Samsung Next, Alumni Ventures, Matrix, Accel, Susa and YC
Centaur Labs
$16M
Boston, MA-based health data annotation startup

Arch Venture Partners, Fidelity, Invus, Slate Path Capital, Rock Springs Capital, Regeneron Ventures, and AN Ventures
Arda Therapeutics
$135M
Cambridge, MA-based developer of RNAi-based medicines

Sands Capital, CPPIB, Norwest Venture Partners, Global Health Investment Corp., and Breakout Ventures
Cytovale
$100M
San Francisco, CA-based developer of detection tech for sepsis and other immune-mediated diseases

Two Sigma Venture
Distributional
$19M
Berkeley, CA-based AI testing startup

Titanium Ventures, Nemetschek Group Andres Construction, Satterfield & Pontikes, Navitas Capital, Zacua Ventures, Fifth Wall, and Ironspring Ventures
Document Crunch
$21.5M
Atlanta, GA-based document compliance platform for construction

General Catalyst, Town Hall Ventures, Echo Health Ventures, Northpond Ventures, Rethink Impact, and Emerson Collective
Eleanor Health
$30M
Waltham, MA-based addiction treatment startup

Bain Capital Ventures, Premji Invest, Lightspeed Venture Partners, Bessemer Venture Partners, SignalFire, and B Capital Group
EvenUp
$135M
San Francisco, CA-based provider of AI solutions for personal injury law

CapitalG and Viewpoint Ventures
Farther
$72M
New York, NY-based wealth advisory startup

Bessemer Venture Partners
FlexFactor
$16.8M
Miami, FL-based startup tackling lost revenue from payment snafus

T. Rowe Price, GE Vernova, TPG Rise Climate, Breakthrough Energy Ventures, Capricorn, Coatue, Energy Impact Partners, The Engine Ventures, NGP, Temasek, GIC, Prelude Ventures, Claure Group, Gigascale Capital, Blindspot Ventures, and VamosVentures
Form Energy
$405M
Somerville, MA-based developer of long-duration batteries

Georgian and Health Catalyst Capital
Glooko
$100M
Palo Alto, CA-based provider of remote patient monitoring and chronic care management for diabetes

WestCap, Goldman Sachs, ClearSky, NightDragon, and Vertex
Human Security
$50M
New York, NY-based cybersecurity startup

Khosla Ventures, Thrive Capital, Kleiner Perkins, and Ribbit Capital
Imprint
$75M
New York, NY-based co-branded credit card startup

Atlas Venture, The Column Group, TCG, Droia Ventures, Digitalis Ventures, Euclidean Capital, Alexandria Venture Investments, and YK Bioventures
Judo Bio
$100M
Cambridge, MA-based developer of oligonucleotide medicines delivered to the kidney

GoBig, Emergence Capital, High Alpha, ServiceNow Ventures, Salesforce Ventures, and Permanent Capital
Logik.io
$25M
Highland Park, IL-based CPQ fintech

StepStone Group
Maven Clinic
$125M
New York, NY-based women and family health virtual clinic

Lightspeed Venture Partners, Thompson Reuters Ventures, Bling Capital, Flybridge Capital, Company Ventures and TheLegalTech Fund
Noetica AI
$22M
New York, NY-based provider of benchmarking software

Arboretum Ventures, JJDC, Catalio Capital Management, Freepoint Capital Group, Visionary Ventures, Bluestem Capital, SBI Innovation Fund, Sequoia Capital, and Maverick Ventures
Orasis Pharmaceuticals
$68M
Ponte Vedra, FL-based developer of ophthalmic drugs

Thomvest Ventures, M12, Cheyenne Ventures, Menlo Ventures, and Unusual Ventures
Reylance AI
$32M
San Francisco, CA-based data governance platform

GV, Aperiam Ventures, Craft Ventures, Room40 Ventures, Venrock, and Virgo Strategic Investments
Scope3
$25M
New York, NY-based decarbonization startup focused on the media, AI, and advertising industries

Norwest Venture Partners, Seroba, OSF Ventures, Global BioAccess, U.S. Venture Partners, Amzak Health, Treo Ventures, and Aperture Venture Partners
ShiraTronics
$66M
Minneapolis, MN-based developer of neurostimulation therapies for chronic migraine patients

Hedosophia, Venrock, March Capital, Flare Capital, Breyer Capital, and inHealth Ventures
Suki
$70M
Redwood City, CA-based developer of AI assistants for doctors and patients

Emergence Capital, Thrive Capital, OpenAI Startup Fund, Neo, Abstract, 20Sales, and Altcap
Unify
$19M
San Francisco, CA-based provider of go-to-market tech

Portage
Zeal
$15M
San Francisco, CA-based payroll platform

|Scherzer Deal Report|

The New York Clean Slate Act

What is this about?
The New York State Clean Slate Act (the “Act”) will allow certain state criminal records to be sealed from public access once an individual completes their sentence and after a specified period passes without another conviction. This statewide law makes it unlawful for employers to inquire about or use sealed convictions against applicants or employees (unless required by law).

Effective Date:
November 16, 2024

What this means:
Under the Act, individuals who have completed their sentence (including probation and parole time) will have their records automatically sealed, as follows:
• Eligible misdemeanor convictions are to be sealed three years after the completion of the sentence.
• Eligible felony convictions are to be sealed eight years after the completion of the sentence.

What else:
It is still being determined whether sealed records will be removed from public access in New York. Also, delayed implementation may occur for budgetary reasons, meaning that “automatically sealed” records may still be publicly available. If criminal record information is obtained from other sources (such as disclosure by the subject, media, or motor vehicle record) we will continue to verify it with information from the relevant New York court. If no correlating court record is found, we will assume the record was sealed and is, therefore, not reportable.

NYC’s Fair Chance Act & the Two-Step Process:
The Clean Slate Act does not change a New York City employer’s obligation under the city’s Fair Chance Act (FCA), which offers more expansive protections to individuals with criminal backgrounds. Our current procedures for complying with the FCA remain unchanged.

|Compliance Corner, Employment Decisions|

The Scherzer Deal Report: September 30-October 4, 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

Fidelity
$250M
First dedicated VC fund

Gallant Capital Partners
$406M
Second fund

Monarch Alternative Capital
$4.7B
Sixth opportunistic credit fund

OceanSound Partners
$1.49B
Second fund

Prospect Partners
$225M
Fifth fund

Summit Partners
$9.5B
12th flagship U.S. growth equity fund

Private Equity Deals

Unusual VC, Wing VC, Founder Collective, XFund, and Alt Capital
AirOps
$15.5M
San Francisco, CA-based AI workflow platform

New Era Capital Partners, Mindset Ventures, Redseed Ventures, and Silvertech Ventures
Apono
$15.5M
New York, NY-based provider of cloud access solutions

General Catalyst, Celesta Capital, and Alorica
Crescendo
$50M
San Francisco, CA-based customer experience platform

Eclipse, Taiwania Capital, Qualcomm Ventures, Alter Venture Partners, Nautilus Venture Partners, and Silicon Valley Bank
DataPelago
$47M
Sunnyvale, CA-based data processing startup

Greenoaks
Eon
$77M
New York, NY-based cloud infrastructure backup company

Next47 and Ten Eleven Ventures
Harmonic Security
$17.5M
San Francisco, CA-based zero-touch data protection startup

Founders Fund, Lux Capital, Spring Tide, DCVC, Airbus Ventures, Alumni Ventures, Balerion Space Ventures, RTX Ventures, Tamarack Global, 137 Ventures, Elysium, First Principles Group, Island Green, Overmatch, and Trousdale Ventures
Impulse Space
$150M
Redondo Beach, CA-based developer of orbital transfer vehicles

Atlas Venture, Bain Capital Life Sciences, RTW Investments, and Lyra Capital
Kailera Therapeutics
$400M
Boston, MA-based developer of injectable and oral therapies for treating chronic weight management

Altos Ventures
MarqVision
$16M
Los Angeles, CA-based online brand protection startup

Lightspeed and Alpha Wave
Mstack
$40M
Houston, TX-based manufacturing chemicals sourcing platform

Touring Capital, Mitsui, Costanoa Ventures, Threshold Ventures, and Gradient
Numa
$32M
Lafayette, CA-based provider of AI chatbots for auto dealer

PSG, Google Ventures, Addition, Samsung Next, and Dynamic Loop Capital
Nym
$47M
New York, NY-based autonomous medical coding startup

Bain Capital Ventures, DST Global, StepStone Group, Schroders Capital, Premji Invest, BAM Elevate, B Capital, Winslow Capital, Adams Street, Dorsal Capital, and Fin Capital
Poolside
$500M
Rolling Meadows, IL-based developer of AI for software development

Greylock, Unusual Ventures, and angel investors
Resolve AI
$35M
San Francisco, CA-based “AI production engineer”

Kin Ventures, Arch Ventures, General Catalyst, GV (Google Ventures), F-Prime, Mass General Brigham Ventures, and 1843 Capital
Rippl
$23MS
eattle, WA-based virtual dementia care company

Netflix, Dell Technologies Capital, a16z, Bitkraft, and F4 Fund
Series Entertainment
$28M
Rocklin, CA-based game studio startup

Council Capital
StrataPT
$25M
Osprey, FL-based physician practice management software provider

Goldman Sachs, Fidelity, Deep Track Capital, Atlas Venture, Cormorant Asset Management, OrbiMed, Viking Global Investors, and Invus
Triveni Bio
$115M
Waltham, MA-based developer of an eczema antibody

Index Ventures
Valdera
$15M
San Francisco, CA-based sourcing platform for chemicals and raw material

Industry Ventures, eGateway Capital, and Highmount Capital
Vizit
$25M
Boston, MA-based provider of performance analytics for brand visuals

CRV, Wing VC, Conviction, Snowflake, Databricks, Pear VC, Tectonic Ventures, and Fusion Fund
Voyage AI
$20M
Palo Alto, CA-based developer of RAG tools to reduce AI hallucination

Venture Capital Deals

Reid Hoffman, Offline Ventures, Sound Ventures, Karlie Kloss, Colin Kaepernick, founder of Lumi, and Christy Turlington Burns
Arcade
$17M
San Francisco, CA-based generative AI marketplace

Brightway Future Ventures, Cherubic Venture, EnvisionX Venture, First Star Venture, Linear Capital, M31 Capital, Taihill Venture, and Uphonest Capital
Bot Auto
$20M
Houston, TX-based autonomous trucking startup

Wellington Management, Toshiba, DNX, Cox, and Prologis
Crisp
$72M
Bentonville, AR-based supply chain data startup

GV, Collaborative Fund, Breakthrough Energy Ventures, NGP, and Lennar
Dandelion Energy
$40M
Mt. Kisco, NY-based geothermal energy startup

Cathay Innovation, USV, Keyframe Capital, Equal Ventures, and BoxGroup
David Energy
$23M
Brooklyn, NY-based energy retailer

Telescope Partners
Fathom
$17M
San Francisco, CA-based meetings intelligence platform

Avidity Partners, Spark Capital, Ingeborg Investments, Barrel Ventures, Siam Capital, Relish Works, CF Private Equity, and Primary Venture Partners
Helaina
$45M
New York, NY-based maker of human-equivalent bioactive proteins

Edison Partners
K1x
$20M
Chicago, IL-based provider of K-1 data aggregation and reporting solutions

Threshold Ventures, Lux Capital, PFM Health Sciences, and Fred Moll
Mendaera
$73M
San Mateo, CA-based medical robotics developer

Centaurus Capital and New System Ventures
MetOx
$25M
Houston, TX-based maker of ultraefficient grid wires

Flagship Pioneering
Mirai Bio
$50M
Cambridge, MA-based platform for enhancing genetic medicines

Gradient Ventures, Construct Capital, Neo, PSL Ventures, Bezos Expeditions, Fintech Fund, Operator Stack, and Upper90
Outgo
$15M
Seattle, WA-based freight carrier banking startup

A16z, First Round Capital, and M13
Prepared
$27M
New York, NY-based startup that helps 911 dispatchers get a caller’s real-time location

Obvious Ventures, Piva Capital, Prelude Ventures, Metaplanet Holdings, and YC
Pyka
$40M
Oakland, CA-based developer of autonomous electric planes

Novo Holdings, U.S. Venture Partners, Norwest Venture Partners, InnovaHealth Partners, and The Vertical Group
Route 92 Medical
$50M
San Mateo, CA-based maker of medical devices for neurovascular interventions

Holcim and CRH
Sublime Systems
$75M
Somerville, MA-based green cement startup

Evolution Equity Partners, Bessemer Venture Partners, Notable Capital, Greenfield Partners, and Strait Capital
Torq
$70M
Portland, OR-based no-code automation platform for security teams

Sapphire Ventures, KeyCorp, IonPacific, GV, Kleiner Perkins, Citi Ventures, DCM, and Ericsson Ventures
UJET
$76M
San Francisco, CA-based provider of cloud contact center solutions

OPG Pension Plan, ArcelorMittal, Ara Partners and Aramco Ventures
Utility Global
$53M
Houston, TX-based hydrogen and gas production startup for “hard-to-abate industries”

Warburg Pincus and SoftBank
WhatFix
$125M
San Jose, CA-based digital transformation firm

Bessemer Venture Partners
Wrapbook
$20M
Hollywood, CA-based payroll and accounting services firm

Health 2047 Capital Partners, CRG, First Trust Capital Partners and insiders Newlight Partners, Town Hall Ventures, Health 2047, and Leavitt Equity Partners
Zing Health
$140M
Chicago, IL-based Medicare Advantage insurer

|Scherzer Deal Report|

The Scherzer Deal Report: September 23-27, 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

Arch Venture Partners
$3B+
12th fund

Boldstart Ventures
Miami, FL
$250M
Seventh fund

KKR
$4.6B
Debut fund focused on North American midmarket buyouts

StepStone Group
$7.4B
Fifth private equity secondaries fund

Private Equity Deals

Thompson Street Capital Partners
ATIS
Undisclosed amount
Creve Coeur, MO-based provider of elevator and escalator safety inspections and related services

Sixth Street
EdgeConneX
Undisclosed amount
Herndon, VA-based data center operator

Vista Equity Partners
Gnosis Freight
Undisclosed amount
Charleston, SC-based provider of supply chain visibility and execution software

Leonard Green & Partners
GSI
Undisclosed amount
Westminster, CO-based provider of geohazard mitigation solutions and roadway safety services

TPG
Homrich Berg
Undisclosed amount
Atlanta, GA-based wealth manager

Beach Point Capital Management
Metro Franchising
Undisclosed amount
Great Neck, NY-based Dunkin’ franchisees with 105 stores in the New York metro region

Blackstone and Vista Equity
Smartsheet
Undisclosed amount
Bellevue, WA-based maker of workplace collaboration software

Pinegrove Capital Partners
SVB Capital
$340M
Santa Clara, CA-based investment platform business

New State Capital Partners
The Expo Group
Undisclosed amount
Irving, TX-based provider of services to the trade show and live event industry