The Scherzer Deal Report: February 5-9, 2024
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
Fundraising for PE & VC Funds
Brookfield Asset Management
$10B
Second energy transition fund
Coalesce Capital
$900M
Debut fund
Encore Consumer Capital
$258M
Fourth fund
Northleaf Capital Partners
$212M
First direct growth equity fund
Scion Life Sciences
$310M
Debut fund
The Riverside Company
$235M
Second fund focused on small-cap B2B software companies.
Trinity Hunt Partners
$700M
Seventh fund
Voyager Ventures
$100M
Second fund
Wonder Ventures
$102M
Fourth pre-seed fund ($57M) and an opportunities fund ($45M)
Private Equity Deals
Hellman & Friedman and Valeas Capital Partners
Baker Tilly
Undisclosed amount
Chicago, IL-based advisory CPA firm
Investcorp
Banner Ridge Partners
Undisclosed amount
New York, NY-based private equity secondaries firm
Warburg Pincus
Bloomerang
Undisclosed amount
Indianapolis, IN-based provider of nonprofit donor management software
Thoma Bravo
Everbridge
$1.5B
Burlington, MA-based provider of critical event management and national public warning solutions.
Main Post Partners
Highland Arms Enterprises
Undisclosed amount
Lynnwood, WA-based franchisee operator of home services group
Braemont Capital
Loenbro
Undisclosed amount
Westminster, CO-based provider of services to the data center and infrastructure markets
Post Oak
Midway Energy Partners
Undisclosed amount
Permian Basin-focused E&P
Greater Sum Ventures
SOMA Global
Undisclosed amount
Tampa, FL-based provider of public safety management software.
Mainsail Partners
Teamfront
Undisclosed amount
San Clemente, CA-based provider of business management software and payments solutions
Venture Capital Deals
Shine Capital, Imaginary Ventures, Lerer Hippeau, and Red Sea Ventures
10Beauty
$17M
Burlington, MA-based maker of manicure robots
Centana Growth Partners
Adroit
$15M
Stamford, CT-based execution management system for OTC-heavy buy-side desks
NewVale Capital, Atlantic Bridge, Crosslink Capital, and Uncork Capital
Aizon
$20M
San Francisco, CA-based AI startup focused on pharma manufacturing
Kleiner Perkins, OpenAI Startup Fund, a16z, and Optum Ventures
Ambience Healthcare
$70M
San Francisco, CA-based AI operating system for health care organizations.
NextEra Energy, Safran Corporate Ventures, Shell Ventures, Envisioning Partners, and Rusheen Capital Management
Avnos
$36M
Los Angeles, CA-based hybrid direct air capture startup
Healthier Capital, FirstMark Capital, Allianz Life Ventures, the Schwarzman family, David Prior, Gaingels, Republic, Mana Ventures, Credo Ventures, Seedcamp, LDV Capital, Accomplice, Founders Future, Vlad Tenev, Anne Wojcicki, and Esther Dyson.
Ezra
$21M
New York, NY-based AI company focused on MRI imaging and cancer detection.
Matrix and Epic Ventures
Headlight
$18M
San Diego, CA-based mental health startup
Activate Capital
Kin
$15M
Chicago, IL-based D2C home insurer
Khosla Ventures, United Airlines Ventures, and Amazon’s climate fund
Koloma
$245M
Denver, CO-based geologic hydrogen startup
Viking Global, Cormorant, The Column Group, LYFE Capital, Schroders Capital, Willett Advisors, Ysios Capital Partners, Euclidean Capital, SymBiosis, Alexandria Venture Investments, Berkeley Frontier Fund, Sphera Biotech Master Fund, Spur Capital Partners, UCB Ventures, and UC Investments
Neurona Therapeutics
$120M
San Francisco, CA-based biotech focused on repairing dysfunctional neural circuits
Iconiq Growth, Frank Slootman, Amit Agarwal, and Summit Partners
NinjaOne
$213.5M
Austin, TX-based IT platform for endpoint visibility
Wesleyan Investment Foundation, Uncork, R7, and TheGP
Overflow
$20M
San Francisco, CA-based startup that helps charitable and faith-based organizations accept stock and crypto donations
Left Lane Capital, Adjacent, Adobe Ventures, Chad Hurley, and Shaun Maguire
Polycam
$18M
Altadena, CA-based 3D creation tools for smartphones
Syngenta Group Ventures, Commonfund, Highgate Private Equity, G2 Venture Partners, Anterra Capital, Astanor Ventures, Endeavor8, Avenue Venture Opportunities, Avenue Sustainable Solutions, and Red Bear Angels
ProducePay
$38M
Los Angeles, CA-based financing and marketplace platform for the fresh produce market.
Plural and Iconical
Starship Technologies
$90M
San Francisco, CA-based delivery robot developer
GV, Dream Sports, Wise Ventures, JDS Sports, Alumni Ventures, LeBron James, Drake, Maverick Carter, Main Street Advisors, and Haslam Sports Group
StatusPRO
$20M
Miami, FL-based sports tech and gaming company
Lupa Systems, Titletown Tech, IBM Ventures, and Booz Allen Hamilton
Synthetaic
$15M
Delafield, WI-based AI startup focused on discovering insights from images.
Altimeter Capital, Insight Partners, 8VC, DCVC, DCVC Bio, Radical Ventures, Wittington Ventures, Mubadala Capital, Epic Ventures, and Necessary VC
Unlearn
$50M
San Francisco, CA-based platform for creating “digital twins” of clinical trial participants
TVM Capital Life Science and Solas BioVentures
Vektor Medical
$16M
San Diego, CA-based maker of arrhythmia analysis tech
Smith Point Capital
Zededa
$72M
San Jose, CA-based edge management and orchestration startup
The Scherzer Deal Report: January 29-February 2, 2024
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
Fundraising for PE & VC Funds
Acadian Ventures
$30M
Second fund
Charlesbank Capital Partners
$1.5B
Third credit opportunities fund
Generate Capital
$1.5B
Latest fund
KKR
$6.4B
Second Asia-Pacific infrastructure fund
KSL Partners
$3B
Continuation fund
PPM America
$660M
Eighth private equity co-investment fund
Ubiquity Ventures
$75M
Third fund
Uncorrelated Ventures
$315M
Latest fund
Private Equity Deals
Clearview Capital
AdCellerant
Undisclosed amount
Denver, CO-based digital marketing firm
Summit Partners
CollisionRight
Undisclosed amount
Cincinnati, OH-based provider of autobody repair services
Thompson Street Capital Partners and Cequel III
DDC Cabinet Technology
Undisclosed amount
San Diego, CA-based maker of data center cabinet and cooling solutions
Clayton, Dubilier & Rice
Foundation Building Materials
Undisclosed amount
Santa Ana, CA-based building products distributor
Bansk Group
No Man’s Land Foods
Undisclosed amount
St Boise City, OK-based meat snacks brand
Arcane Capital Partners
Petroflex North America
Undisclosed amount
Gainesville, TX-based maker of high-density polyethylene conduit and accessories
Charlesbank Capital Partners
Rise Growth Partners
$250M
Austin, TX-based “financial partner” for registered investment advisors
Venture Capital Deals
Venrock, ARCH Venture Partners, IVP, Granite Capital Management, and Evidenced
Accompany Health
$56M
Bethesda, MD-based provider of health care services to low-income patients with complex needs
Lumira Ventures, Alpha Wave Ventures, Roche Venture Fund, Pfizer, Bristol Myers Squibb, Angelini Ventures, and the JDRF T1D Fund
Cour Pharmaceuticals
$105M
Skokie, IL-based biotech focused on autoimmune diseases.
Hanwha Impact, CPP Investments, Rivas Capital, NGS Super, State of Michigan Retirement System, Flagship Pioneering, and Roka Capital Management
Inari
$103M
Cambridge, MA-based gene editing startup for seeds
FTV Capital, Nvidia, Vistara Growth, Sweetwater PE, NextEquity, Nicola, and Beedi
Kore.ai
$150M
Orlando, FL-based enterprise conversational and generative AI startup
NEA, a16z, and General Catalyst
Metronome
$43M
San Francisco, CA-based provider of usage-based billing solutions for software companies
Redpoint Ventures, Alt Capital, Horsley Bridge, Activant Capital, and Transpose Platform Management
Owner.com
$33M
San Francisco, CA-based digital platform for independent restaurant owners
Intercap and Kleiner Perkins
Plex
$40M
Los Gatos, CA-based streaming media software provider
Coinbase Ventures, Arrington Capital, OKX Ventures, and Gate.io
Portal
$34M
San Francisco, CA-based decentralized exchange for trading bitcoin
Benchmark, Mayfield, and Canvas Ventures
Sema4.ai
$30.5M
Atlanta, GA-based an AI- and machine learning-driven patient-centered genomic and clinical data intelligence company
Next Coast Ventures
Vital Interaction
$15M
Austin, TX-based provider of health care business intelligence and workflow automation software
Greenoaks, Kleiner Perkins, Sequoia Capital, Elad Gil, Emerson Collective, and Galvanize Climate Solutions
Watershed
$100M
San Francisco, CA-based enterprise sustainability platform
GIC, Climate Investment, Sequoia Capital, and SoftBan
Zum
$140M
Redwood City, CA-based school bus operator
The Scherzer Deal Report: January 22-26, 2024
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
Fundraising for PE & VC Funds
Arlington Capital Partners
$3.8B
Sixth fund
Bain Capital
$1B
Latest midmarket credit fund
I Squared Capital
$1.2B
First climate fund
Innovation Endeavors
$630M
Fifth VC fund
Wynnchurch Capital
$3.5B
Sixth fund
Private Equity Deals
Martis Capital and Din Ventures
Archway Dental
Undisclosed amount
Danbury, CT-based provider of dental practice network
H.I.G. Capital
CHA Consulting
Undisclosed amount
Albany, NY-based infrastructure project consultancy
TPG and Health Velocity Capital
Compass Surgical Partners
Undisclosed amount
Raleigh, NC-based ambulatory surgery center
Vista Equity Partners
EngageSmart
$4B
Braintree, MA-based provider of customer engagement and payments software
TPG
G&A Partners
Undisclosed amount
Houston, TX-based professional employment organization
Fort Point Capital
Ice House America
Undisclosed amount
Moultrie, GA-based automated retail ice and water platform
Kain Capital
My Dr Now
Undisclosed amount
Chandler, AZ-based primary and specialty care provider.
Peloton Equity and Fort Maitland Capital
OnPoint Healthcare Partners
Undisclosed amount
Flower Mound, TX-based tech-enabled services provider for hospitals and medical groups
Angeles Equity Partners
Re-Sourcing
Undisclosed amount
Waukesha, WI-based robotics manufacturer
Bridgepoint
RoC Skincarec.
$500M
New York, NY-based anti-aging skin care brand
Fengate Private Equity
Saco Foods
Undisclosed amount
Middleton, WI-based maker of shelf-stable foods under brands like California Sun Dry and Dolci Frutta
Blackstone
Salas O’Brien
Undisclosed amount
San Jose, CA-based engineering and technical services firm
Venture Capital Deals
Lightrock, SE Ventures, G2 Venture Partners, Benhamou Global Ventures, National Grid Partners, Edison International, and Shell Ventures
AiDash
$50M
San Jose, CA-based satellite platform for infrastructure operations and maintenance
Standard Investments, Booz Allen Ventures, Cubit Capital, Bill Perkins, Breakthrough Energy Ventures, Shield Capital, YC, Initialized Capital, Giant Step Capital, and Republic Capital
Albedo
$35M
Broomfield, CO-based maker of satellite constellations for thermal imaging
SignalFire, Databricks Ventures, Norwest Venture Partners, Two Sigma Ventures, and Foundation Capital
Anomalo
$33M
Palo Alto, CA-based data quality platform.
Portage, Two Sigma Ventures, Brewer Lane Ventures, Six
Thirty Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI, Operator Partners, and Morgan Creek Capital Management
Ansel
$20M
New York, NY-based health insuretech
Paradigm, Standard Crypto, Robot Ventures, and Ethereal Ventures
Axiom
$20M
New York, NY-based smart contract infrastructure startup
FTV Capital
BillingPlatform
$90M
Denver, CO-based revenue lifecycle management platform
General Catalyst, Eldridge, Left Lane Capital, Camber Creek, and Prosus Ventures
Bilt Rewards
$200M
New York, NY-based provider of cobranded credit cards and loyalty programs for property renters
Maersk, Eni, and EDP
Captura
$21.5M
Pasadena, CA-based startup focused on open-ocean carbon capture
I Squared Capital
CheckSammy
c. $22.5M
Dallas, TX-based bulk waste collection startup
CRV, a16z, Stripe, and Madrona
Clerk
$30M
San Francisco, CA-based user authentication platform
a16z, Nat Friedman, Daniel Gross, Sequoia Capital, Smash Capital, SV Angel, BroadLight Capital, and Credo Ventures
ElevenLabs
$80M
New York, NY-based AI voice synthesis platform
DCVC Bio, Novo Holdings, Hanwha Next Generation Opportunity Fund, AccelR8, and Alexandria Venture Investments
Elo Life Systems
$20.5M
Durham, NC-based gene editing startup focused on next-gen food ingredients
Insight Partners, Exor Ventures, and Alumni Ventures
Forta
$55M
San Francisco, CA-based AI platform focused on helping to care for kids with autism
Canapi Ventures, a16z, Remarkable Ventures, Huntington National Bank, First Horizon, and Regions
ModernFi
$18.7M
New York, NY-based bank deposit management platform
Arboretum Ventures
Motif Neuroc.
$19M
Houston, TX-based developer of brain stimulation devices for depression
Evolution Equity Partners, Salesforce Ventures, Tapestry VC, and Zscaler
Oleria
$33.1M
Seattle, WA-based employee access security startup
LG Energy Solution, Euclidean Capital, and Hillspire
Sion Power
$75M
Tucson, AZ-based EV battery developer
Bessemer Venture Partners, GGV Capital, Insight Partners, Greenfield Partners, and Evolution Equity Partners
Torq
$42M
Portland, OR-based no-code automation platform for security teams
Adams Street Partners, Yosemite, a16z and BoxGroup
Turquoise Health
$30M
San Diego, CA-based health care pricing platform
Elephant, Veriten, and EDG Group
Welligence
$41M
Houston, TX-based energy data and intelligence firm
The Scherzer Deal Report: January 8-12, 2024
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
Fundraising for PE & VC Funds
BDT & MSD Partners
$14B
Latest fund
Cinven
$14.5B
Eighth flagship fund
Lexington Partners
$22.7B
10th private equity secondaries fund
Palladium Equity Partners
$450M
Continuation fund
Private Equity Deals
Siris Capital
BearCom
Undisclosed amount
Garland, TX-based distributor and integrator of voice, video, and data solutions
Stone Point Capital
ClearPoint Health
Undisclosed amount
Columbia, SC-based medical stop-loss platform for SMEs
Bain Capital and Crosspoint Capital Partners
ExtraHop Networks
$100M
Seattle, WA-based cyber analytics company
BlackRock
Global Infrastructure Partners
$12.5B
New York, NY-based infrastructure fund manager
CCMP Growth Advisors
Innovative Refrigeration Systems
Undisclosed amount
Lyndhurst, VA-based provider of engineering and aftermarket services for industrial refrigeration systems
Altamont Capital Partners
Mini Melts
Undisclosed amount
Philadelphia, PA-based ice cream treats brand
Manulife Investment Management and insider Carlyle
NineDot Energy
Undisclosed amount
New York, NY-based developer of community-scale battery energy storage systems
Madison River Capital
Senior Care Therapy
Undisclosed amount
Rochelle Park, NJ-based provider of mental health services
Orangewood Partners
SERVPRO West Coast DRT
Undisclosed amount
Encino, CA-based SERVPRO franchisee and provider of property cleaning, restoration, and reconstruction services
DigitalBridge Group and Silver Lake
Vantage Data Centers
Undisclosed amount
Denver, CO-based global provider of hyperscale data center campuses
Venture Capital Deals
Edison Partners, Allos Ventures
120Water
$43M
Zionsville, IN-based developer of water management software
Vertex, DTCP, Gilot Capital Partners, Red Dot Capital Partners, Vintage Investment Partners, Shasta Ventures
Anecdotes
$55M
Palo Alto, CA-based enterprise GRC startup
Nvidia
Artisight
$42M
Chicago, IL-based hospital workflow platform
Andreessen Horowitz
Luma
$43M
Palo Alto, CA-based maker of 3D capture software
Novo Holdings, Gilde Healthcare, MVM Partners, Endeavor Vision, Decheng Capital, Longitude Capital, Advent Life Sciences, Pura Vida, Aperture Venture Partners
Nalu Medical
$65M
Carlsbad, CA-based developer of miniature neurostimulation devices
NVentures and Mirae Asset Management
Neocis
$20M
Miami, FL-based developer of robot-assisted dental implant surgery tech
Updata Partners
PerformYard
$95M
Arlington, VA-based provider of employee performance management software
T.Rx Capital, Yamaha Motor Ventures, Seyen Capital, OCA Ventures
PursueCare
$20M
Middletown, CT-based digital addiction treatment provider
ArcTern Ventures, Automotive Ventures, Goodyear Ventures, Wireframe Ventures, Pioneer Square Labs
Recurrent
$16M
Seattle, WA-based EV battery data startup
7GC, Blackhorn Ventures, Lightshed Ventures, and Rise of the Rest
Sway
$19.5M
Los Angeles, CA-based retail returns startup
LFE Capital, Athyrium Capital Management, Flare Capital Partners, CVS Ventures, Connecticut Innovations, HopeLab, and CU Innovations
Vita Health
$22.5M
New Haven, CT-based suicide intervention startup
The Scherzer Deal Report: January 1-5, 2024
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
Fundraising for PE & VC Funds
Banner Ridge Partners
$2.15B
Secondary fund
Clearhaven Partners
$580M
Second fund
Exponent Founders Capital
$75M
Debut fund
NewSpring
$180M
Fourth fund
Red Cell Partners
$91M
Debut fund
West Street Life Sciences
$650M
First life sciences-focused growth equity fund
Private Equity Deals
Renovus Capital Partners
Behavioral Framework
Undisclosed amount
Rockville, MD-based applied behavior analysis therapy provider for children with autism
KKR
Global Atlantic
$2.7B
New York, NY-based insurer
Whistler Capital Partners
Heart + Paw
Undisclosed amount
Berwyn, PA-based veterinary and pet care company
Summit Park
Michelli Weighing & Measurement
Undisclosed amount
Elmwood, LA-based test and measurement business
Blackstone Infrastructure Partners
NIPSCO
Undisclosed amount
Merrillville, IN-based electricity and gas distributor
Fourshore Partners
Power Funding
Undisclosed amount
Tyler, TX-based provider of working capital to the oil & gas and trucking industries.
Golden Gate Capital
Virginia Green
Undisclosed amount
Richmond, VA-based lawn care provider
Monomoy Capital Partners
Waupaca Foundry
Undisclosed amount
Waupaca, WI-based supplier of cast and machined iron castings
AUA Private Equity Partners
Weaver Popcorn Manufacturing
Undisclosed amount
Whitestown, IN-based maker of popcorn and snacking products
Venture Capital Deals
Evolution Equity Partners, Insight Partners, Lightspeed Venture Partners, and StepStone Group
Aqua Security
$60M
Boston, MA and Israel-based cybersecurity company focused on cloud-native services.
The Space Between, Highbury Holdings, GIC, Stardust Equity, Maverick Ventures, Fearless Ventures, Andreessen Horowitz, and General Catalyst
Devoted Health
$175M
Waltham, MA-based health insurtech focused on Medicare Advantage
Alpha Wave Ventures, Arch Venture Partners, Future Ventures, GV, Khosla Ventures, and YK Bioventures
Moonwalk Biosciences
$57M
San Francisco, CA-based developer of precision epigenetic medicines
Cathay Innovation and Zebox Ventures
Nabla
$24M
Boston, MA-based ambient AI assistant for practitioners
IVP, NEA, Databricks Ventures, Nvidia, Jeff Bezos, Elad Gil, Nat Friedman, and Tobi Lutke
Perplexity AI
$70M
San Francisco, CA-based developer of AI-powered search.
Frazier Life Sciences, 5AM Ventures, DCVC Bio, Crinetics Pharmaceuticals, and GordonMD Global Investments
Radionetics Oncology
$52.5M
San Diego, CA-based developer of radiopharmaceutical for treating cancer
The Column Group, WTT Investment, Willett Advisors, Atlas Venture, Foresite Capital, Alexandria Venture Investments, Arch Venture Partners, Casdin Capital, and Surveyor Capital
Remix Therapeutics
$60M
Cambridge, MA-based developer of small molecule therapies to modulate RNA processing
Lightspeed Venture Partners, Fin Capital, Primary Venture Partners, FinTech Collective, Blue Owl, and HarbourVest
Vestwell
$125M
New York, NY-based workplace savings platform