Scherzer Blog

The Scherzer Deal Report: January 20-24, 2025

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

Incline Equity Partners
$500M
Second fund

Madrona Ventures
$770M
Early-stage startups ($495M) and later-stage fund ($275M)

Novacap
$1B
First digital infrastructure fund.

Private Equity Deals

Aiga Capital Partners
Cenergy Power
Undisclosed amount
Aliso Viejo, CA-based solar developer

LL Funds
Evernest
$15M
Birmingham, AL-based property management company

Latticework Capital Management and Edgehill Management
Life Science Connect
Undisclosed amount
Pittsburgh, PA-based life science digital media business

Wafra
Niobrara Capital
Undisclosed amount
New York, NY-based private equity firm founded by Chip Schorr, Todd Bradley and Mike Pompeo

American Pacific Group
ServerLift
Undisclosed amount
Phoenix, AZ-based manufacturer of handling and lifting equipment for IT infrastructure

Venture Capital Deals

Google
Anthropic
$1B
San Francisco, CA-based AI business

Maverick Silicon, Synopsys, Matrix Partners, and Intel Capital
Baya Systems
$36M
Santa Clara, CA-based system IP business

Meritech Capital Partners LP, Sequoia Capital Operations LLC, First Round Capital LLC, Box Group LLC and Boldstart Ventires LLC
Clay
$40M
New York, NY-based sales AI startup

Meta, Temasek, and QIA
Databricks
$10B
San Francisco, CA-based data intelligence company

Summit Partners and Telescope Partners
Fundraise Up
$70M
Brooklyn, NY-based fundraising platform for nonprofits

QIA, Greylock Partners, NEA, Andreessen Horowitz, and Index Ventures
Instabase
$100M
San Francisco, CA-based startup using AI to organize and analyze unstructured data

Balderton Capital, Visionaries Club, Creandum, Firstminute, and Seedcam
Lindus Health
$55M
New York, NY-based clinical trials research services company

Avenue Sports Fund
Men in Blazers Media Network
$15M
New York, NY-based U.S. soccer media business

Emergence Capital, Avra Capital, Samsung Next, Andreessen Horowitz, Y Combinator, and Ardent
Method
$41.5M
Austin, TX-based startup embedding debt and debt repayment features into fintech applications

SYN Ventures, ClearSky, Atlantic Bridge, Flint Capital, DNX Ventures, and Glilot Capital Partners
Mitiga
$30M
New York, NY-based cyber investigation and response business

Connect Ventures, monashees, Kickstart, Samsung Next, Toba Capital, Valutia, and Pelion
Music AI
$40M
Salt Lake City, UT-based AI app maker for audio and music

Wave Ventures, UPMC Enterprises, Labcorp and First Trust Capital Partners
Percipio Health
$20M
Plano, TX-based startup using smartphones to assess population health

Sequoia Capital, Paradigm, a16z crypto, and Variant
Phantom
$150M
San Francisco, CA-based crypto wallet business

Georgian, 01A, avra, Addition, Bessemer Venture Partners, General Catalyst, and the South Park Commons Fund
Render
$80M
San Francisco, CA-based cloud application company

Koch Disruptive Technologies
Rhino.ai
$50M
Washington, DC-based tech modernization company using AI

Bessemer Venture Partners, Bain Capital Ventures, Menlo Ventures, Inspired Capital, and AlleyCorp
ShopMy
$77.5M
New York, NY-based digital shop maker for creators

Emergence, GV, Madrona, The Chainsmokers (Mantis VC), and Conviction
StackBlitz
$83.5M
San Francisco, CA-based maker of AI developer tools used to build websites

|Scherzer Deal Report|

The Scherzer Deal Report: January 13-17, 2025

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

Cohere Capital Partners
$215M
Second fund focused on tech-enabled lower midmarket companies

Colbeck Capital Management
$700M
Third midmarket private credit fund

Hildred Capital Management
$800M
Third midmarket healthcare fund

Insight Partners
$12.5B
3th flagship fund and second opportunities fund

Mountaingate Capital
$570M
Third lower midmarket PE fund

Sky Island Capital
$300M
Second fund focused on tech-enabled lower midmarket companies

StepStone Group
$1.4B
Infrastructure co-investment fund

Private Equity Deals

New Mountain Capital
Access Healthcare
Undisclosed amount
Dallas, TX-based revenue cycle management firm

Abu Dhabi Investment Authority
AlphaGen
$500M
Staten Island, NY-based power infrastructure company

Harvest Partners
Alumni Staffing
Undisclosed amount
Bridgewater, NJ-based locum tenens health-care staffing firm

WindRose Health Investors
Civie
Undisclosed amount
Plano, TX-based provider of AI-powered radiology solutions

PSG
Core Sound Imaging (dba Studycast)
$80M
Raleigh, NC-based medical imaging platform

Roark Capital
GPRS Holdings
Undisclosed amount
Maumee, OH-based provider of subsurface contractor

InTandem Capital Partners
Healthfuse
Undisclosed amount
Milwaukee, WI-based provider of revenue cycle vendor management

Consortium Brand Partners
Jonathan Adler
Undisclosed amount
New York, NY-based home décor and furniture company

New Mountain Capital
Machinify
Undisclosed amount
Palo Alto, CA-based provider of health-care payments software

Revelstoke Capital Partners
Omega Systems
Undisclosed amount
Reading, PA-based provider of managed IT and security services

Brookfield Asset Management and Antin Infrastructure Partners
Origis Energy
Undisclosed amount
Miami, FL-based renewable energy company

ADIA and GIC
Pye-Barker
Undisclosed amount
Alpharetta, GA-based fire protection company

Gryphon Investors
Spindrift
Undisclosed amount
Newton, MA-based maker of sparkling water products

Berkshire Partners and Court Square
Thrive
Undisclosed amount
Foxborough, MA-based cybersecurity and IT manages services company

Montagu
Tyber Medical
Undisclosed amount
Bethlehem, PA-based orthopedic device company

New Mountain Capital
Union Healthcare Insight
Undisclosed amount
Washington, DC-based healthcare research and insights platform

Rotunda Capital Partners
Value Added Distributors
Undisclosed amount
Shawnee, WI-based distributor of hoses and other products to specialty vehicle OEMs and other mobile fluid power users

GTCR
Winged Keel
Undisclosed amount
New York, NY-based life insurance brokerage focused on inter-generational wealth and estate planning strategies

Venture Capital Deals

Aramco Ventures and SV Investment
Amogy
$56M
Brooklyn-based developer of ammonia-based fuels for trucks and ships.

Counterpoint Global, Felicis, GV, HBM Genomics, Khosla Ventures, Menlo Ventures, Nimble Ventures, Redmile Group, T. Rowe Price, and Wing VC
Clear Labs
$30M
San Carlos, CA-based sequencing platform for turnkey diagnostics

TWG Global
Colossal Biosciences
$200M
Austin, TX-based “de-extinction” company known for its work on the woolly mammoth and dodo

A16z, Lightspeed Venture Partners, and Menlo Ventures
Eve
$47M
San Francisco, CA-based AI legal platform

Capricorn, Leitmotif, Tiger Global, Coca-Cola, Greycroft, ArcTern Ventures, Thor Industries, TechNexus, Ridgeline, Maniv Mobility, Ironspring Ventures, Schematic Ventures, and Overture Climate
Harbinger
$100M
Los Angeles, CA-based maker of electric commercial trucks

53 Stations, Biospring Partners, B Capital Group, and Glasswing Ventures
Labviva
$25M
Boston, MA-based procurement platform for life sciences

Tribeca Venture Partners and DNX Ventures
Leap
$20M
New York, NY-based physical retail platform for digital brands

Tikehau Capital, Axial Partners, Bpifrance, Foundation Capital, Temasek, and Uncork Capital
Loft Orbital
$170M
San Francisco, CA-based space infrastructure startup

Springcoast Partners, Edison Partners, and Americo
Overhaul
$55M
Austin, TX-based provider of supply chain risk management solutions

LFX Venture Partners and GLP
Pipe17
$15.5M
Seattle, WA-based e-commerce order management platform

Smith Point Capital, HSBC, Berkeley SkyDeck, DallasVC, Insight Partners, JPMorgan Chase, and SignalFire
Prophecy
$47M
Palo Alto, CA-based data copilot

KKR and Bessemer Venture Partners
Qventus
$85M
San Francisco, CA-based provider of hospital management automation software

Matrix Partners, Sound Ventures, Woodson Capital, and Touch Ventures
Reshop
$17M
San Francisco, CA-based instant refunds startup

Booz Allen Ventures, NordicNinja, and SIP Capital
SEEQC
$30M
Elmsford, NY-based quantum computing startup

Health Care Service Corp., Adams Street, Cobalt Ventures, and Horizon Mutual Holdings
Solera Health
$40M
Phoenix, AZ-based provider of health-care navigation software

Breakthrough Energy Ventures, Glade Brook Capital Partners, Industrious Ventures, Point72 Ventures, Seven Seven Six, and YC
Stoke Space
$260M
Kent, WA-based, maker of reusable rockets

Left Lane Capital
The Snow League
$15M
New York, NY-based pro snowboarding league from Shaun White

Regeneron, Illumina and 17 U.S. health systems
Truveta
$320M
Bellevue, WA-based health data platform with a genetics database

NEA, Yosemite, Regeneron Ventures, and Hevolution Foundation
Tune Therapeutics
$175M
Durham, NC-based epigenome editing company

Double Point Ventures, DCVC Bio, ARK Invest, Cormorant, MPM Capital, Qiming Venture Partners USA, RTW Investments, Alexandria Venture Investments, SoftBank, CaaS Capital, Emerson Collective, K2 HealthVentures, Myeloma Investment Fund, and the University of Minnesota Endowment
Umoja Biopharma
$100M
Seattle, WA-based cancer biotech

Centana Growth Partners
Vividly
$30M
San Francisco, CA-based trade promotion management platform for CPG brands

|Scherzer Deal Report|

The Scherzer Deal Report: January 6-10, 2025

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

Ares Management
$1.3B
Second climate infrastructure fund

Bonaccord Capital Partners
$1.6B
Second GP stakes fund

FTV Capital
$4.05B
Eighth growth equity fund ($3.4B) and an early-stage fund ($651M)

Trinity Ventures
$435M
14th fund

Valspring Capital
$255M
Debut fund

Vistria Group
$3B
Fifth flagship PE fund

Private Equity Deals

Bregal Sagemount
360 Advanced
Undisclosed amount
St. Petersburg, FL-based cybersecurity and compliance consultancy

Genstar Capital
Aperture
Undisclosed amount
Arlington, TX-based provider of forensic expert witness services

Graycliff Partners
Boss Industries
Undisclosed amount
LaPorte, IN-based provider of power takeoff and engine-driven air tech

GTCR
Concord Servicing
Undisclosed amount
Scottsdale, AZ-based provider of loan servicing software

PSG
CourseKey
Undisclosed amount
San Diego, CA-based vocational student success platform

Blackstone
DDN
$300M
Chatsworth, CA-based data storage and analysis company

Berkshire Partners
Electric Power Engineers
Undisclosed amount
Austin, TX-based energy and power systems engineering and consulting firm

Wind Point Partners
ExperiGreen
Undisclosed amount
Mishawaka, IN-based provider of lawn care services for over 140k residential customers

Lion Equity Partners
Global Compression Services
Undisclosed amount
Midland, TX-based provider of parts for reciprocating natural gas engines and compressors

Cuadrilla Capital
Gluware
Undisclosed amount
Sacramento, CA-based network automation

Fundamental Advisors
HeloAir
Undisclosed amount
Richmond, VA-based operator of utility and fire suppression helicopters

Red Arts Capital KKSP
Precision Machining
Undisclosed amount
Glendale Heights, IL-based maker of custom-turned metal components

Warburg Pincus
Mashura
$300M
Scottsdale, AZ-based maker of smart cabinets for veterinary and dental clinics

Vistara Growth
Matic Insurance Services
Undisclosed amount
Columbus, OH-based insurtech platform

Bregal Sagemount and Primus Capital
MDaudit
Undisclosed amount
Waltham, MA-based provider of back-office software for health systems

Waud Capital Partners
Mopec Group
Undisclosed amount
Madison Heights, MI-based maker of medical equipment for pathology

Coalesce Capital Pearl
Meyer
Undisclosed amount
Wellesley, MA-based executive compensation and leadership consultancy

H.I.G. Capital
Quisitive
Undisclosed amount
Irving, TX-based provider of Microsoft solutions

Battery Ventures
RetailNext
Undisclosed amount
Campbell, CA-based provider of physical retail analytics

Arcline
RMS
Undisclosed amount
Bethlehem, Pa.-based OEM of turbomachinery parts

Advent International
Sauer Brands
Undisclosed amount
Richmond, VA-based condiments and spices maker

Battery Ventures
Signiant
Undisclosed amount
Lexington, MA-based media software company

Venture Capital Deals

Omega Funds, TCGX, Enavate Sciences, Jeito Capital, Blue Owl Healthcare Opportunities, Longitude Capital, OrbiMed, Logos Capital, Marshall Wace, Catalio Capital Management, abrdn, and Digitalis Ventures
Aviceda Therapeutics
$207.5M
Cambridge, MA-based biotech focused on chronic inflammation

Rubicon Founders, Oak HC/FT, and K2 HealthVentures
Evergreen Nephrology
$130M
Nashville, TN-based provider of value-based kidney care

Bio-Rad Labs, Petrichor, Labcorp, Morningside Ventures, Lightchain Capital, NT Investments, Granger Management, Mercy Health, and Tri Locum Partners
Geneoscopy
$105M
St. Louis, MO-based provider of gastrointestinal diagnostics

Felicis, YC, age1, Modi Ventures, and Wilson Sonsini
General Proximity
$16M
San Francisco, CA-based developer of induced proximity medicines

Sequoia Capital
Gridware
$26.4M
San Francisco, CA-based provider of grid monitoring software

ADIA, Hanwha Impact, NGS Super, State of Michigan Retirement System, and Flagship Pioneering
Inari
$144M
Cambridge, MA-based seed-breeding company

NewSpring Capital, Hetz Ventures, Camber Creek, Khosla Ventures, JLL Spark, DivcoWest Ventures, Rudin Ventures, and Ground Up Ventures
Jones
$15M
New York, NY-based insurance verification startup

Versant Ventures, Mubadala Capital, Bristol Myers Squibb, Taiho Ventures, and AbbVie
Light Horse Therapeutics
$62M
San Diego, CA-based cancer biotech

Carrick Capital Partners and AB Private Credit Investors
OnPay
$63M
Atlanta, GA-based payroll and benefits startup

The Lightsmith Group, HSCM Ventures, GLP Capital Partners, Lineage Ventures, and FirstTracks Ventures
Parsyl
$20M
Denver, CO-based supply chain insurer

BMW i Ventures, Yamaha, Envisioning Partners, MPower, and Escape Velocity
Phoenix Tailings
$43.8M
Burlington, MA-based developer of rare earths from mining waste

Amex Ventures, Raga Partners, Alumni Ventures, Parameter Ventures, Bessemer Venture Partners, and Health Velocity Capital
Torch Dental
$17M
New York, NY-based dental supply startup

Avra, DST Global, Greycroft, a16z, CapitalG, Bond, Durable Capital Partners, and YC
Whatnot
$265M
San Francisco, CA-based live-shopping platform for collectibles

Jeito Capital, EQT, Fountain Healthcare Partners, and Lumira Ventures
XyloCor Therapeutics
$67.5M
King of Prussia, PA-based developer of gene therapies for cardiovascular disease

|Scherzer Deal Report|

The Scherzer Deal Report: December 30, 2024 – January 3, 2025

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

Accel
$650M
Eightg India-focused VC fund

Tacora Capital
$269M
Second venture debt fund

Private Equity Deals

Olympus Partners
Accelevation
Undisclosed amount
Miamisburg, OH-based provider of data center infrastructure products and services

Butterfly Equity
Duckhorn Portfolio
Undisclosed amount
St. Helena, CA-based winery owner

Highlander Partners
Ergobaby
Undisclosed amount
Los Angeles, CA-based baby carrier and stroller maker

OEP Ethos
Energy
Undisclosed amount
Houston, TX-based provider of rotating equipment for the energy industry

New Enterprise Associates
NeueHealth
Undisclosed amount
Minneapolis, MN-based health-care provider

Birch Hill Equity Partners
Rexall and Well.ca
Undisclosed amount
Canadian based pharmacy businesses

Balmoral Funds
Sheppard
Undisclosed amount
Hanover, PA-based provider of truck-steering technologies

Venture Capital Deals

SouthState
Independent Bank Group
Undisclosed
McKinney, TX-based financial institution

Durable Capital Partners and T. Rowe Price
KoBold Metals
$537M
Berkeley, CA-based EV battery mineral exploration company

|Scherzer Deal Report|

New California Law Prohibits Employers from Telling Applicants That a Driver’s License Is Required for a Job Unless the Position Meets a Two-Part Test

What is this about?
On September 28, 2024, Governor Newsom signed Senate Bill (SB) 1100 to amend California’s Fair Employment & Housing Act (FEHA), making it an unlawful employment practice for an employer to include a statement in a job advertisement, posting, application, or other material that an applicant “must have” a driver’s license unless the employer “reasonably” anticipates driving as an essential job function that cannot be comparably performed by alternative means.

Effective Date:
The law becomes effective on January 1, 2025, as an amendment to Section 12940 of the Government Code.

Who must comply:
The new law applies to employers who regularly employ one or more persons or regularly receive the services of one or more persons providing services under a contract or any person acting as an agent of an employer, directly or indirectly, the state or any political or civil subdivision of the state, and cities.

Employer Obligations:

Starting January 1, 2025, employers must meet a two-part test before including a statement in a job advertisement, posting, application, or other material stating that an applicant must have a driver’s license:

  1. The employer must reasonably expect driving to be one of the job functions for the position, and
  2. The employer must reasonably believe that satisfying the job function using an alternative form of transportation (such as ride-hailing, taxi, carpooling, bicycling, or walking) would not be comparable in travel time or cost to the business

Why compliance matters:
Like other unlawful employment practices prohibited under the FEHA, employers who violate the new law could face an injunction or declaratory relief (such as being required to hire the applicant) or be held liable for compensatory damages, punitive damages, attorney’s fees, and costs.

What SI is doing:
To help ensure compliance with the new California license law, SI will modify its materials for California employers and applicants to indicate that providing driver’s license information is voluntary, not mandatory—unless the employer informs SI that the job position meets the new law’s two-part test

Employer Considerations:
If a job position does not require a driver’s license, employers may want to consider excluding a motor vehicle record from the background check.

|Compliance Corner, Employment Decisions|

The Scherzer Deal Report: December 9-13, 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

Carlyle
$7.1B
Third credit opportunities fund

Centana Growth Partners
$600M
Third fund

Dimension
$500M
Second fund

Humba Ventures
$40M
Second deep-tech and defense-tech fund

Laude Ventures
$150M
Debut fund

Redesign Health
$175M
New fund

Private Equity Deals

Shore Capital Partners
Agentis Longevity
Undisclosed amount
Nashville, TN-based longevity health care platform

Clarion Capital Partners
Arthur Murray International
Undisclosed amount
Coral Gables, FL-based international franchisor of dance studios

Blue Owl Capital
Bitkraft Ventures
Undisclosed amount
San Francisco, CA-based VC firm focused on gaming

Comvest Private Equity
Bland Landscaping
Undisclosed amount
Apex, NC-based provider of commercial landscaping services

TruArc Partners
DMI Personal Care
Undisclosed amount
Wharton, NJ-based contract manufacturer for beauty and personal care brands

Broad Sky Partners
Frontline Managed Services

Undisclosed amount
Atlanta, GA-based provider of managed services for the legal industry

Platinum Equity
Global the Source
Undisclosed amount
Universal City, TX-based master distributor of HVAC/R components

Google and TPG Rise Climate
Intersect Power
Undisclosed amount
Houston, TX-based renewables firm

Clear Peak Capital
ITsynch
Undisclosed amount
Orlando, FL-based provider of fleet management software for the cruise and maritime industries

New Heritage Capital
JA Moody
Undisclosed amount
Malvern, PA-based provider of marine products to U.S. Navy and commercial clients

Orion Infrastructure Capital, Nexus Holdings, Khasma Capital, Sterling Bank and Ameris Bank
Nexus W2V
$140M
Greenville, SC-based waste-to-fuels developer

Argosy Healthcare Partners
Nicklas Medical Staffing
Undisclosed amount
Jacksonville, FL-based staffing firm for pathology and histology labs

Patient Square Capital
Patterson Cos.
Undisclosed amount
Menlo Park, CA-based dental and animal health products distributor

Recognize
SDG Corp.
Undisclosed amount
Norwalk, CT-based provider of cybersecurity services

TZP Growth Equity
TruVideo
Undisclosed amount
Wellesley, MA-based provider of AI and AR communications tech for the transportation industry

Venture Capital Deals

Theory Ventures
Aampe
$18M
San Francisco, CA-based developer of AI agents for consumer apps

Coatue
Albert Invent
$22.5M
Oakland, CA-based AI platform for the chemicals sector

Bain Capital Life Sciences, Janus Henderson, OrbiMed, 3H Health Investment, Yonghua Capital, Legend Capital, and Elikon Venture
Angitia Biopharmaceuticals
$120M
Woodland Hills, CA-based biotech focused on serious musculoskeletal diseases

Sapphire Ventures and Mucker Capital
Ask Sage
$17M
Arlington, VA-based GenAI platform for DoD and other government agencies

Advent Global Opportunities, Light Street Capital, AMD Ventures, Intel Capital, and NVIDIA
Ayar Labs
$155M
San Jose, CA-based provider of optical interconnect solutions for large-scale AI workloads

Vertex Growth Fund, Nexus NeuroTech Ventures, Action Potential, Johnson & Johnson, Lightstone, Lux, GV, OSF Ventures, Ascension Ventures, TriVentures, Reimagined Ventures, Peak6, and Fiscus
Cala Health
$50M
San Mateo, CA-based bioelectronic medicine startup

Eclipse, Yu Galaxy, and Intuitive Ventures
Capstan Medical
$110M
Santa Cruz, CA-based developer of minimally invasive treatments for heart valve disease

Index Ventures
Cartesia
$22M
San Francisco, CA-based developer of state-space models

Founders Fund, Fidelity, Long Journey Ventures, Mubadala, NVIDIA, Ribbit Capital, and Valor Equity Partners
Crusoe
$600M
San Francisco, CA-based AI data center provider

Insight Partners, M12, BGV, Capital One Ventures, Engineering Capital, and Vertex Ventures
Envinced
$55M
Carlsbad, CA-based maker of accessibility dev tools

DN Capital, Framework, Clear Ventures, and Fellows Fund
Evidently
$15M
Palo Alto, CA-based AI platform for health-care workflows

Base10 Partners, Inovia Capital, White Star Capital, and Fonds de solidarité FTQ
Flare
$30M
Encinitas, CA-based cyber threat intelligence focused on data theft

Avataar Ventures and Qualcomm Ventures
LambdaTest
$38M
San Francisco, CA-based software testing platform

M12, Mayfield, Stepstone Group and Prosperity7 Ventures
NeuBird
$22.5M
San Francisco, CA-based software and infrastructure reliability management startup

Alpha Edison
One Bio
$27M
David, CA-based developer of a concentrated form of fiber

M&G Catalyst and Glade Brook Capital Partners
Pixxel
$24M
Los Angeles, CA-based developer of a hyperspectral satellite constellation

Bluestone Equity Partners
Players Health
$60M
Minneapolis, MN-based provider of athlete safety and sports insurance solutions

Deerfield Management, Foresite Capital, and Medical Excellence Capital
Pleno
$25M
San Diego, CA-based biological target detection startup

Peak XV, Titanium Ventures, Accel, and Valley Capital Partners
RapidCanvas
$16M
Austin, TX-based provider of AI agents for data scientists

Maverix Private Equity, MacKinnon, Bennett & Co., Blue Bear Capital, Congruent Ventures, Buoyant Ventures, and YC
Raptor Maps
$35M
Boston, MA-based developer of solar farm monitoring software

Regeneron Ventures, Cure Ventures, and Invus Group
Tasca Therapeutics
$25M
Boston, MA-based oncology biotech

HubSpot Ventures, In-Q-Tel, Databricks, SK Telecom, and Snowflake Ventures
Twelve Labs
$40M
San Francisco, CA-based AI company focused on video understanding

Bessemer Venture Partners, Abstract Ventures, AI Grant, Y Combinator, Saga Ventures, and Michael Ovitz
Vapi
$20M
San Francisco, CA-based AI voice startup

Suvretta Capital Management, Longitude Capital, Surveyor Capital, Osage University Partners, PhiFund, JW Childs, and Connecticut Innovations
Veradermics
$75M
New Haven, CT-based developer of dermatologic drugs

a16zWave
Forms AI
$40M
Menlo Park, CA-based audio LLM startup

Toyota’s Woven Capital, Activate Capital, Collab Fund, Emerson Collective, and Salesforce Ventures
WeaveGrid
$28M
San Francisco, CA-based EV charging software provider

Insight Partners
Zest AI
$200M
Burbank, CA-based automated underwriting startup

|Scherzer Deal Report|

The Scherzer Deal Report: December 2-6, 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

Atlas Venture
$450M
14th biotech-focused VC fund

Swish Ventures
$60M
New seed fund

Valeas
$600M
Debut fund

Private Equity Deals

Lowercarbon Capital and Collaborative Fund
Acceleron Fusion
$24M
Cambridge, MA-based developer of muon-catalyzed fusion energy

Congruent Ventures, Liberty Mutual Investments CalSTRS, Sequoia Capital, XN, Blue Earth Capital, Wellington Management, Range Ventures, and Tao Capital Partners
Amp Robotics
$91M
Louisville, CO-based developer of trash-sorting robots and recycling facilities

Insight Partners, Battery Ventures, and insiders
Cleerly
$106M
New York, NY-based provider of early detection for heart problems

Decarbonization Partners, MassMutual Ventures, Avista Development, Clean Energy Ventures, Energy Innovation Capital, Energy, LG Technology Ventures, and Zoma Capital
ConnectDER
$35M
Philadelphia, PA-based provider of residential decarbonization solutions

Eos Ventures and TIAA Ventures
DPL Financial Partners
$23M
Louisville, KY-based platform for commission-free annuities

Canaan Partners, Kleiner Perkins, Peak XV Partners, Wing Ventures, and Recall Capital
Enterpret
$20.8M
San Francisco, CA-based customer feedback insights platform

Future Positive, Lowercarbon Capital, Japan Airlines, Mitsubishi (Americas), Mitsui, Siemens Financial Services, and H&M Group
Heirloom
$150M
San Francisco, CA-based direct air capture company

BlackRock
HPS Investment Partners
$12B
New York, NY-based private credit manager

Light Street Capital, NewView Capital and Partners Group
Lumin Digital
$160M
San Ramon, CA-based digital banking provider

Frazier Life Sciences, Deep Track Capital, Janus Henderson Investors, Logos Capital, Third Rock Ventures, Arch Venture Partners, and Matrix Capital Management
Maze Therapeutics
$115M
South San Francisco, CA-based human genetics biotech

Accel
Public
$105M
New York, NY-based investing platform

Camber Creek and Left Lane Capital
S.MPLE
$45M
New York, NY-based sales app for real estate brokers

Foresite Capital, Torch Capital, Montage Ventures, Friedom Partners, Read Capital, and One Eight Capital
Sollis Health
$33M
New York, NY-based concierge care provider

Sapphire Ventures, General Catalyst, Next47, and NGP Capital
Tractian
$120M
Atlanta, GA-based manufacturing AI startup focused on reducing downtime

Intel Capital, SYN Ventures, Sorenson Capital, Rain Capital, and Wipro Ventures
Tuskira
$28.5M
San Francisco, CA-based threat defense platform

Craft Ventures, TCV, Alta Park Capital, Greylock, Cyberstarts, Leaders Fund, Cerca, and Sheva
Upwind
$100M
San Francisco, CA-based cloud security startup

TPG, Temasek, and Neuberger Berman Capital Solutions
Veeam
$2B
Seattle, WA-based data resiliency firm

XYZ VC, Glynn Capital, Nava Ventures, Bloomberg Beta, and Mango Capital
Yurts
$40M
San Francisco, CA-based developer of AI chatbots for DoD and other high-security users

Venture Capital Deals

Altus Capital Partners
Air Innovations
Undisclosed
Houston, TX-based maker of environmental control units for manufacturers and distributors

Vector Capital
Bigtincan
Undisclosed amount
Waltham, MA-based provider of enterprise sales enablement software

CCMP
Combined Caterers
Undisclosed amount
Charlotte, NC-based event management and catering services provider

Insight Partners
Cosmo Tech
Undisclosed amount
French provider of AI simulation software for enterprise decision-making

PSG
Element451
$175M
Raleigh, NC-based higher ed CRM

Sojourner Consumer Partners
Hawaii Coffee Co.
Undisclosed amount
Honolulu, HI-based coffee

Private Equity
Ingtegris
Undisclosed amount
Cranbury Township, NJ-based cybersecurity and IT consulting firm

Blackstone Tactical Opportunities, Greater Sum Ventures, Goldman Sachs, Insight Partners, and PSG
Inhabit
Undisclosed amount
Knoxville, TN-based provider of property management software

VSE
Kellstrom
Undisclosed amount
Davie, FL-based aerospace engine aftermarket company

Align Capital Partners
MKB Co.
Undisclosed amount
Belleville, PA-based maker of erosion control, pollution prevention and stormwater management products

Berkshire Partners
RJW
Undisclosed amount
Woodridge, IL-based provider of retail logistics solutions for CPG brands

CVC Capital Partners
Therakos
Undisclosed amount
Raritan, NJ-based developer of extracorporeal photopheresis delivery systems for immunomodulatory therapies

Summit Partners
UHY
Undisclosed amount
Albany, NY-based provider of accounting, tax, consulting, and advisory services

Avenue Sports Fund
Unrivaled
Undisclosed amount
New York, NY-based new 3-on-3 women’s basketball league

|Scherzer Deal Report|

Follow Up to Client Alert Regarding Compliance with the New York Clean Slate Act

Please note: Sample forms should NOT be construed as legal advice or counsel. Employers should consult their attorneys about their compliance responsibilities under the FCRA and applicable state law. Scherzer International disclaims any warranties, responsibility, or damages associated with or arising from the information provided in this form.

As highlighted in our client alert, the New York Clean Slate Act mandates that employers provide certain notices to applicants if an employment-related background screening report contains criminal record information. To assist our clients in meeting this requirement, we prepared a sample form which is linked below.

With any background report that contains a criminal record, we will include this form, the NYS Correction Law Article 23-A, and the Summary of Consumer Rights. You will need to forward the report and the notices to the applicant.

Links:

|Compliance Corner, Employment Decisions|

The Scherzer Deal Report: November 25-29, 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

Frontline Healthcare Partners
$125M
Debut fund

Private Equity Deals

Sagewind Capital
Aechelon
Undisclosed amount
South San Francisco, CA-based provider of image generation software and complex databases for training pilots across the U.S. Department of Defense

NewSpring
C Speed
Undisclosed amount
Liverpool, NY-based provider of radar systems and engineering solutions for civilian and military use.

Bain Capital
Envestnet
Undisclosed amount
Berwyn, PA-based financial software maker

River Associates
ID Label
Undisclosed amount
Lake Villa, IL-based maker of barcode labels and warehouse signage for 3PLs and multi-site manufacturers

Paine Schwartz Partners
Promix
Undisclosed amount
Gainesville, FL-based nutritional supplements maker

Arlington Capital Partners
Team Technologies
Undisclosed amount
Morristown, TN-based provider of manufacturing and supply chain solutions to health-care companies

GTCR
Tricentis
Undisclosed amount
Austin, TX-based software testing firm

Wind Point Partners
Velocity Rail Solutions
Undisclosed amount
Draper, UT-based provider of locomotive services to the rail industry

Venture Capital Deals

Activant Capital, Mischief, Industry Ventures, Thayer Ventures, Assurant, and Amex Ventures
Cardless
$30M
San Francisco, CA-based co-branded credit card startup

Index Ventures, CapitalG, and Conviction
Dev Agents
$50M
San Francisco, CA-based operating system for AI agents

Bond, Sequoia Capital, Greenoaks, and Lightspeed Venture Partners
Eon
$70M
New York, NY-based cloud backup platform

Geoff Tarrant
Fresho
$17M
New York, NY-based order management platform for fresh food wholesalers

Evolution Capital Partners, Bain Capital Ventures, SYN Ventures, Harmony Group, Corner Capital Management, Dropbox Ventures, and ServiceNow Ventures
Halcyon
$100M
Austin, TX-based cybersecurity startup focused on ransomware

Kindred Ventures, 500 Global, Race Capital, YC, Soma Capital, Pioneer Fund, and TRAC
PlayAI
$21M
Palo Alto, CA-based voice AI platform

Cathay Innovation and Gradient Ventures
Range
$28M
McLean, VA-based wealth management tech startup

Forerunner, FirstMark Capital, Sequoia Capital, and TMV
Roon
$15M
Bedford, NY-based video Q&A platform for healthcare

Felicis, JetBlue Ventures, P7 Ventures, Clear Ventures, and Wing VC
Wherobots
$21.5M
San Francisco, CA-based data platform for geospatial analytics

|Scherzer Deal Report|

The Scherzer Deal Report: November 18-22, 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

Bain Capital
$5.7B
Second global special situations fund

Bling Capital
$270M
Fourth flagship VC fund

Blue Bear Capital
$160M
Third early-stage climate fund

Frazier Healthcare Partners
$2.3B
11th growth buyout fund

Gramercy Funds Management
$685M
Second emerging markets private credit fund

Initiate Ventures
$45M
Debut fund

Jupiter Bioventures
$70M
Debut fund

NaviMed Capital
$450M
Third fund

Neos Partners
$1.37B
Second fund

Rubicon Technology Partners
$500M
Single-asset continuation fund

Silver Point Capital
$8.5B
Latest direct lending fund

Theory Ventures
$450M
Second fund

Private Equity Deals

Nordic Capital
Anaqua
$2.5B
Boston, MA-based provider of IP management software

Haveli Investment
AppViewX
Undisclosed amount
New York, NY-based provider of automated certificate lifecycle management and public key infrastructure solutions

MidOcean Partners
Arnott Industries
Undisclosed amount
Merritt Island, FL-based maker of air suspension systems and suspension components for the automotive aftermarket 

H.I.G. Growth Partners
Carebox
Undisclosed amount
Sanford, NC-based provider of clinical trials software

Norwest Venture Partners
Divi
Undisclosed amount
Dallas, TX-based hair care startup

Morgan Stanley Capital Partners
FoodScience
Undisclosed amount
Williston, VT-based provider of pet and human nutritional supplements

Charlesbank Capital Partners
Implan
Undisclosed amount
Huntersville, NC-based provider of economic impact data and analytical software

Sunstone Partners
KMS Technology
Undisclosed amount
Atlanta, GA-based provider of software development and testing services

Blackstone
Lancium
$500M
Houston, TX-based data center developer

Investcorp and PSP Investments
PKF O’Connor Davies
Undisclosed amount
Harrison, NY-based accountancy firm

Periscope Equity
RepTrak
Undisclosed amount
Boston, MA-based provider of reputation intelligence solutions

Venture Capital Deals

Kairos HQ, PACE Healthcare Capital, Emmeline Ventures, and Amboy Street Ventures
Alloy
$16M
New York, NY-based menopause care startup

Mitsubishi
Ample
$25M
San Francisco, CA-based EV battery swapping startup

Alter Venture Partners, Cisco Investments, Moment Ventures, Wistron, Accton, Celestica, and Qualcomm Ventures
Aviz Networks
$17M
San Jose, CA-based networking software company

Upfront Ventures
BrightAI
$15M
Hackensack, NJ-based provider of physical infrastructure monitoring solution

Blackstone Innovations Investments, Fintop Capital, and Jam Fintop
Cardo AI
$15M
New York, NY-based private credit tech platform

Astō Consumer Partners and Amberstone
Clean Skin Club
$32M
Weston, FL-based maker of disposable facial towels

Lightspeed Venture Partners, Khosla Ventures, Coatue, Dell Technologies Capital, and Nat Friedman
Distyl
$20M
San Francisco, CA-based startup that helps integrate AI into core biz workflows

Conti Ventures and The Production Board
EarthOptics
$24M
Arlington, VA-based developer of soil data software for agriculture

Kinnevik, FPV, Baillie Gifford, Premji Invest, Lingotto Innovation, Lux Capital, Dimension Capital, True Ventures, Cresset Partners, The Nature Conservancy, and Henry Kravis
Enveda
$130M
Boulder, CO-based drug discovery startup that focuses on medicinal plants

StepStone Group, Emergence Capital, Caffeinated Capital, and Pear VC
Federato
$40M
San Francisco, CA-based insurance underwriting platform

Volta Energy Technologies
Iontra
$45M
Centennial, CO-based supplier of battery charger microcontrollers

The Blackstone Group
Jersey Mike’s Subs
$8B
Manasquan, NJ-based sandwich shop chain

Tiger Global, Balderton, OTPP, 137 Ventures, a16z, Index Ventures, CRV, Sapphire Ventures, and Notable Capital
Kong
$175M
San Francisco, CA-based developer of cloud API tech

Cisco Investments, JPMorgan, K5 Global, and Nvidia
Lightning AI
$50M
New York, NY-based provider of AI dev tools

Cerberus, Murata Electronics North America Inc., IAG Capital Partners, Safar Partners, QVT, Element Six, and In-Q-Tel
Lightsynq
$18M
Boston, MA-based quantum interconnect startup

Altos Ventures, Ridge Ventures, Zigg Capital, Susa Ventures, and Amplo
Lightyear
$31M
New York, NY-based network procurement startup

Pantera Capital, Polychain Capital, PokerGo, Hack VC, Dream Ventures, Accomplice, Mirana, and Josh Hannah
Monkey Tilt
$30M
Las Vegas, NV-based online gaming platform

Benchmark
New Lantern
$19M
San Francisco, CA-based AI radiology startup

Celesta Capital, Tenacity Ventures, Cedars Sinai, Eragon, and Singularity Ventures
OneCell Diagnostics
$16M
Cupertino, CA-based precision oncology startup

Aliment Capital
OneRail
$42M
Orlando, FL-based omnichannel fulfillment startup

Teradyne Robotics Ventures, Toyota Ventures, Ranpak, Third Kind Venture Capital, One Madison Group, Hyperplane, and Catapult Ventures
Pickle Robot
$50M
Cambridge, MA-based developer of warehouse robots

Siddhi Capital, Piva Capital, Betagro Ventures, Chipotle, Griffith Foods, and Astanor Ventures
Plantible Foods
$30M
San Diego, CA-based maker of plant-based protein

8VC
Seen Health
$22M
San Francisco, CA-based PACE provider for senior health care

KDDI, Axon, and Linse Capital
Skydio
$170M
San Mateo, CA-based drone maker

Runway Growth Capital
Snap Mobile
$23M
Seattle, WA-based fundraising platform for schools and organizations

Goldman Sachs Alternatives
Spectro Cloud
$75M
San Jose, CA-based Kubernetes management startup

Socium Ventures, Nvidia, Databricks, and Play Time Ventures
SuperAnnotate
$36M
San Francisco, CA-based provider of software for managing large-scale AI datasets

B Capital, CommonSpirit Health, CVS Health Ventures, RA Capital Management, Nexus NeuroTech Ventures, GV, Optum Ventures, and Rock Health Capital
Synapticure
$25M
Chicago, IL-based virtual care company for patients and caregivers living with neurodegenerative diseases like Alzheimer’s and Parkinson’s

Prelude Ventures, Lowercarbon Capital, Earthshot Ventures, WovenEarth Ventures, Fall Line Capital, and Rethink Impact
Vaulted Deep
$32M
Houston, TX-based biomass carbon removal and storage startup

Spark Capital, YC, Felicis, and Day One Ventures
Wordware
$30M
San Francisco, CA-based operating system for AI development

Cook Medical, Invus Opportunities, F-Prime Capital, and Medical Technology Venture Partners
Zenflow
$24M
San Francisco, CA-based developer of a minimally invasive device for benign prostatic hyperplasia

|Scherzer Deal Report|
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