The Scherzer Deal Report: April 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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week.!

Fundraising for PE & VC Funds

Adams Street Partners
$1B
First middle-market CLO

AlleyCorp
$250M
New fund

Cendana Capital, Kline Hill Capital
$105M
Venture stake secondaries fund

Compass Group Equity Partners
$408M
Third fund

Hellman & Friedman
$22.3B
11th flagship PE fund

Lone View Capital
$805M
Debut fund.

Toyota Ventures
$300M
Frontier Fund II and the Climate Fund II

Private Equity Deals

Blackstone
AIR Communities
Undisclosed amount
Denver, CO-based apartment landlord

General Atlantic Credit, Blackstone, and Morgan Stanley
Buyers Edge Platform
$425M
Waltham, MA-based provider of digital procurement solutions for foodservice

New York Life
Fairview Capital
Undisclosed amount
West Hartford, CT-based private investment firm

Peak Rock Capital
Hu FriedyGroup
Undisclosed amount
Chicago, IL-based dental business

Factor89 Group
Master Magnetics
Undisclosed amount
Castle Rock, CO-based magnet maker

OceanSound Partners and Energy Impact Partners
Message Broadcast
Undisclosed amount
Newport Beach, CA-based provider of electric utility customer engagement software

Vista Equity Partners
Model N
$1.25B
Redwood Shores, CA-based provider of revenue optimization and compliance solutions focused on pharma and med tech.

HarbourView Equity Partners
Mucho Mas Media
Undisclosed amount
Los Angeles, CA-based content studio focused on the Latino audience.

Investment Management, Generate Capital, and Mitsubishi
Nexamp
$520M
Boston, MA-based community solar company

Washington Harbour Partners
Raft
$60M
Reston, VA-based software engineering firm

Crest Rock Partners
Relocity
Undisclosed amount
Los Angeles, CA-based provider of employee relocation software

CoreRx
Societal CDMO
$130M
Gainesville, GA-based contract development and manufacturing organization focused on small molecule therapeutics.

EMH Partners
Stonebranch
Undisclosed amount
Alpharetta, GA-based provider of service orchestration and automation solutions

Osceola Capital
Trauma Services
Undisclosed amount
Mansfield, MA-based provider of full-service biohazard cleanup and remediation services

Serent Capital
Traumasoft
Undisclosed amount
Portage, MI-based provider of cloud software for private EMS agencies and health care orgs.

Behrman Capital
Vista Apex
Undisclosed amount
Racine, WI-based maker of consumable dental products

Venture Capital Deals

GV, Hakluyt Capital, and Ballistic Ventures
Alethea
$20M
Washington, DC-based disinformation detection and mitigation startup

Khosla Ventures, Sequoia, and Index Ventures
Anrok
$30M
San Francisco, CA-based sales tax compliance software company

StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital
Auradine
$80M
Santa Clara, CA-based bitcoin miner maker

ABS Capital
Cariloop
$20M
Richardson, TX-based caregiving support platform for employers.

General Catalyst, Bison Ventures, Industry Ventures, Lux Capital, Sequoia Capital, Khosla Ventures, Mayo Clinic, Neo, 1984 Ventures, MVP Ventures, and Calibrate Ventures
Cobot
$100M
Santa Clara, CA-based maker of practical collaborative robots

Highmount Capital
Dude Perfect
$100M
Frisco, TX-based group of sports and comedy show hosts.

Paradigm and Electric Capital
Ellipsis Labs
$20M
New York, NY-based crypto exchange developer

Vensana Capital and RC Capital
Elucent Medical
$42.5M
Eden Prairie, MN-based provider of oncologic surgical treatment tools

Iconiq Growth, BDT & MSD Partners, WiL, Meritech Capital, and Sapphire Ventures
FloQast
$100M
Los Angeles, CA-based provider of workflow automation software for accountants

Sequoia Capital, Goldman Sachs, Plus Capital, Transformation Capital, SignalFire, and TCV
Grow Therapy
$88M
New York, NY-based mental health startup

KKR, Inovia Capital, Apax Partners, BDT & MSD Partners, and Sixth Street
Guesty
$130M
New York, NY-based provider of property management software for the short-term rental and hospitality markets

Pantera Capital, Multicoin Capital, Hack VC, ParaFi Capital, Nascent, Draper Associates, Primitive Ventures, and Asymmetric Ventures
Mezo
$21M
Chicago, IL-based Bitcoin scaling network

Paradigm, Electric Capital, and Greenoaks
Monad Labs
$225M
New York, NY-based layer 1 blockchain developer

C.R. England, Cummins, Daimler Truck, PACCAR, RyderVentures, Schneider, Activant Capital, BDT & MSD Partners, Manhattan Venture Partners, 8VC, NewRoad Capital Partners, and Prologis Ventures
Platform Science
$125M
San Diego, CA-based enterprise fleet management platform

Accel, Elevation Capital, and Blume Ventures
Sprinto
$20M
San Francisco, CA-based security compliance automation startup

Khosla Ventures, Day One Ventures, General Catalyst, Abstract Ventures, and Buckley Ventures
Symbolica
$33M
San Francisco, CA-based foundation model startup

Caffeinated Capital, Lux Capital, General Catalyst, Founders Fund, and Khosla Ventures
Varda Space
$90M
El Segundo, CA-based in-space manufacturing startup

Prelude Ventures, Amazon’s Climate Pledge Fund, Global Brain, Incite Ventures, Positive Ventures, B37 Ventures, Breakthrough Energy Ventures, Mayfield, and Untitled
Windfall Bio
$28M
Menlo Park, CA-based methane capture and transformation startup

GM Ventures, Bridgestone Americas, Universal Motors Agencies, and Shikra
Yoshi Mobility
$26M
Nashville, TN-based vehicle gas delivery and service app

|Scherzer Deal Report|

The Scherzer Deal Report: April 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

Arctos
$4.1B
Second pro sports fund

Bitkraft Ventures
$275M
Third gaming-focused VC fund

Clarion Capital Partners
$677M
Fourth fund

GoldenTree
$1.3B
Third CLO fund

Hildred Capital
$750M
Continuation fund

ICG
$1B
Debut secondaries fund.

OceanSound
$1.15B
Continuation fund

SK Capital Partners
$2.95B
Sixth fund

Warren Equity Partners
$550M
Second small-cap infrastructure fund

Private Equity Deals

Littlejohn & Co.
UAT
Undisclosed amount
Lorton, VA-based provider of residential HVAC and plumbing services.

Blue Sage Capital
American Alloy
Undisclosed amount
Spokane, WA-based metal component and sub-assembly manufacturing platform

Valesco
American Bedding
Undisclosed amount
Athens, TN-based maker of mattresses and bed frames.

EQT
Avetta
Undisclosed amount
Lehi, UT-based supply chain risk management platform

TPG
Classic Collision
Undisclosed amount
Atlanta, GA-based provider of auto body repair services

Steve Singh, Durable Capital Partners, Madrona Ventures, Top Tier Capital Partners, and Blackstone Credit & Insurance
Direct Travel
Undisclosed amount
Centennial, CO-based corporate travel management firm.

Petershill
Kennedy Lewis Investment Management
Undisclosed amount
New York, NY-based credit manager.

Blue Owl Capital
Kuvare Asset Management
$750M
Rosemont, IL-based provider of asset management services to the insurance industry

Summit Partners
Netgain
$35M
Denver, CO-based provider of software for finance and accounting teams

Clayton, Dubilier & Rice
Presidio
Undisclosed amount
New York, NY-based IT and managed services firm

Broad Sky Partners
Punctual Pros
Undisclosed amount
Lancaster, PA-based Authority Brands franchisee that provides HVAC and electrical services.

New Mountain Capital
Rawlings
Undisclosed amount
La Grange, KY-based provider of coverage analytics for health plans.

Morgan Stanley Capital Partners
Resource Innovations
Undisclosed amount
Half Moon Bay, CA-based provider of energy efficiency services

KKR Sun
FireMatrix
Undisclosed amount
Carlisle, MA-based provider of health plan and insurance distribution software

Venture Capital Deals

Sumeru Equity Partners and Alsop Louie Partners
Aerospike
$100M
Mountain View, CA-based NoSQL database.

General Catalyst, Tata, Drads Capital, Thomvest, and Thrive Capital
Alsym Energy
$78M
Woburn, MA-based battery startup

Goldman Sachs, Canaan Partners, Invus, Driehaus Capital Management, Digitalis Ventures, Blue Owl Capital, Orbimed, Nextech Invest, Vida Ventures, Boxer Capital, and Colt Ventures
Alterome Therapeutics
$132M
San Diego, CA-based cancer biotech

Hildred Capital and EQT Life Science
Binx Health
$65M
Boston, MA-based diagnostic testing startup

Alpha Wave Ventures, Niterra, RiverVest Venture Partners, AXA IM Alts, Global Health Investment, Aphelion Capital, Senvest Management, Features Capital, and Taisho Pharmaceutical
Biolinq
$58M
San Diego, CA-based developer of multi-analyte biosensors for metabolic health

ReGen Ventures, Toyota Ventures, AmFam Ventures, Convective Capital, Blue Forest Asset Management, Skip Capital, Overture Ventures, Lowercarbon, and Pathbreaker Ventures
BurnBot

$20M
San Francisco, CA-based developer of wildfire prevention robots

Industry Ventures, Emergence Capital, 11.2 Capital, Bob Muglia, DNX Ventures, GreatPoint Ventures, Hyperlink Ventures, Next Legacy Partners, Snowflake Ventures, and Telstra Venture
Coalesce.io
$50M
San Francisco, CA-based provider of data management software

General Catalyst, Citi Ventures, Human Capital, Rob Bearden, and MVP Ventures
Datavolo
$21M
Phoenix, AZ-based provider of multimodal data pipelines for AI.

Nexus NeuroTech Ventures and Venture Investors Health Fund
EarliTec Diagnostics
$21.5M
Decatur, GA-based developer of medical devices for children with autism

Streamlined Ventures and AppLovin
Flip
$144M
El Segundo, CA-based shopping social network

L Catterton, Emerson Collective, Notable Capital, Bain Capital Ventures, Khosla Ventures, Cowboy Ventures, and Plus Capital
Homebase
$60M
San Francisco, CA-based HR and team management app for small businesses

Chevron New Energies
Ion Clean Energy
$45M
Boulder, CO-based carbon capture developer

March Capital, National Grid Partners, and Slaughter and May
Luminance
$40M
Santa Monica, CA-based AI startup for the legal market

TQ Ventures, Calibrate Ventures, SK Ventures, and TTCER Partners
Manifold
$15M
Newton, MA-based clinical research platform

Left Lane Capital, Ensemble VC, Signalfire, and Learn Capital
Modal
$25M
San Francisco, CA-based employee upskilling startup

Airbus Ventures, REI, Path Ahad Ventures, Platinum Mile Ventures, Culper Ventures, Crumpton Ventures, and Iron Gate Capital Advisors
Oros Labs
$22M
Portland, OR-based provider of thermal insulation solutions for outdoor equipment and clothes

Frist Cressey Ventures, SignalFire, Epsilon Health Investors, and Providence Ventures
Praia Health
$20M
Chicago, IL-based consumer platform for health systems

RA Capital Management, Northpond Ventures, Sands Capital, and Schooner Capital
Selux Diagnostics
$48M
Charlestown, MA-based biotech focused on superbug infections and antimicrobial resistance

Bond Capital, Index Ventures, NFX, and SV Angels
Seso
$26M
San Francisco, CA-based hiring and workforce management startup focused on the agriculture industry

Maverick Capital, Point72, Jericho, Amplify Partners, Dell Technologies Capital, and Lip-Bu TanSi
Ma.ai
$70M
San Jose, CA-based system-on-chip company

Venture Investors Health Fund, Arboretum Ventures, and KKR-backed Falcon Vision
ViaLase
$40M
Aliso Veijo, CA-based glaucoma treatment developer

|Scherzer Deal Report|

The Scherzer Deal Report: March 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.

Fundraising for PE & VC Funds

Grafine Partners
$600M
Debut PE fund-of-funds

Hunter Point Capital
$3.3B
Debut fund

Matter Partners
$300M
Debut fund

Percheron Capital
$1.55B
Second fund

Super{set}
$90M
Second fund

Private Equity Deals

NEA, Deep Track Capital, Sofinnova Investments, Sands Capital, INCE Capital, TF Capital, Delos Capital, and Quan Capital
Avenzo Therapeutics
$150M
San Diego, CA-based cancer drug developer

Susquehanna and WestCap
Blueground
$45M
New York, NY-based furnished monthly rental property company

Section 32, Kennedy Lewis, Time BioVentures, Redwood Pacific and insiders ACME, Mousse Partners, and Triventures
Brightside Health
$33M
San Francisco, CA-based telemental health provider

USIT, AMD Ventures, Koch Disruptive Technologies, Temasek, IAG Capital Partners, Samsung Catalyst, Smart Global Holdings, Porsche, Engine Ventures, M-Ventures, and Tyche Partners
Celestial AI
$175M
Santa Clara, CA-based developer of optical interconnect solutions

Point72 Ventures, W.R. Berkley Corporation, Eos Venture Partners, Guidewire Software, and Rev1 Ventures
Champ Titles
$18M
Cleveland, OH-based vehicle title and registration platform

Entrée Capital and IN Venture
Confetti
$16M
New York, NY-based team-building platform

Andreessen Horowitz, Polygon Labs, StarkWare, Taiko, and Offchain Labs
Espresso Systems
$28M
Menlo Park, CA-based “shared sequencing” blockchain startup

Engine Ventures, 3M Ventures, and NextEra Energy
Evoloh
$20M
Santa Clara, CA-based maker of electrolyzers for hydrogen production

Bessemer Venture Partners, 8VC, and Elad Gil
Fieldguide
$30M
San Francisco, CA-based developer of AI-enabled tools for accountants

Energy Impact Partners
Finite State
$20M
Columbus, OH-based provider of software supply chain security solutions

Benchmark, Sequoia Capital, Databricks Ventures, and Frank Slootman
Fireworks.ai
$25M
Redwood City, CA-based production AI platform

Key1 Capital, Euclidean Capital, Hamilton Lane, Blumberg Capital, and Team8
FundGuard
$100M
New York, NY-based investment accounting platform

Bain Capital Ventures, Tribeca Venture Partners, Dundee VC, Expa and Bling Capital
Gather AI
$17M
Pittsburgh, PA-based provider of drone-powered warehouse inventory monitoring

EQT Ventures, Union Square Ventures, Nat Friedman & Daniel Gross, Metaplanet, Northwell Holdings, Comcast Ventures, and LG Technology Ventures
Hume AI
$50M
New York, NY-based developer of AI that understands human emotion

General Catalyst, .406 Ventures, Valtruis, Mass General Brigham Ventures, and Hopelab Foundation
I nStride Health
$30M
Boston, MA-based provider of pediatric treatments for anxiety and OCD

Greenbacker Capital
Lightshift
$100M
Arlington, VA-based developer of utility-scale energy storage solutions

Allegis Capital, Nationwide Ventures, Northwestern Mutual Future Ventures, Plug and Play Ventures, and Motley Fool Ventures
NewRetirement
$20M
Mill Valley, CA-based financial planning startup

Index Ventures, Maverick Ventures, TCV, YC, Thrive Capital, and BoxGroup
Nourish
$35M
New York, NY-based telenutrition startup

Sutter Hill Ventures, Snowflake, Capital One Ventures, and Madrona
Observe
$125M
San Mateo, CA-based SaaS observability startup focused on machine-generated data.

Atomico, Kinnevik, Octopus Ventures, YC, Eight Roads, and GreyMatter Capital
Pelago
$58M
New York, NY-based virtual substance abuse treatment startup

Canvas Ventures and Plural
PipeDreams
$25.5M
San Francisco, CA-based home services provider

Spark Capital, Insight Partners, Air Street Capital, AIX Ventures, Convergent Ventures, and Google chief scientist Jeff Dean
Profluent
$35M
Berkeley, CA-based protein design startup

Khosla Ventures
Skyflow
$30M
Palo Alto, CA-based data privacy vault

Paradigm, Robot Ventures, and Standard Crypto
Succinct
$43M
San Francisco, CA-based developer of zero-knowledge proof tools

Bessemer Venture Partners, The General Partnership, XYZ Ventures, and Pallas Ventures
TurbineOne
$15M
San Francisco, CA-based provider of government machine learning solutions

USV and Battery Ventures
Viam
$45M
New York, NY-based robotics startup

Index Ventures
Vizcom
$20M
San Francisco, CA-based industrial design startup

Sequoia Capital, Cyberstarts, Cerca Partners, and Penny Jar
Zafran
$30M
New York, NY-based security risk and mitigation startup

Viola Fintech, Intuit Ventures, Framework Venture Partners, and Export Development Canada
ZayZoon
$15M
Phoenix, AZ-based earned wage access provider for SMBs

Venture Capital Deals

Riverwood Capital, Silver Lake Waterman, and Advent International
BigID
$60M
New York, NY-based data security company

B Capital and USVP
Carlsmed
$52.5M
Carlsbad, CA-based developer of personalized spine surgery tech

F-Prime Capital, Forbion, Norwest Venture Partners, RiverVest Venture Partners, Red Tree Venture Capital, Abrdn, Ysios Capital, Longwood Fund, Eight Roads Ventures, and Pivotal Life Sciences
Engrail Therapeutics
$157M
San Diego, CA-based precision neuroscience startup

Jump Crypto, Pantera Capital, and Lightspeed Faction
Figure Markets
$60M
San Francisco, CA-based decentralized crypto exchange

Pritzker Group VC, Tribeca Venture Partners, Bessemer Venture Partners, Interplay Venture Capital, FJ Labs, HPA, Bridge Ventures, Correlation Ventures, Forefront Venture Partners, and Gaingels
Fuel Me
$18M
Chicago, IL-based fuel procurement platform

Premji Invest, General Catalyst, SV Angel, Memorial Hermann Health System, a16z, Cincinnati Children’s, WellSpan Health, and Universal Health Services
Hippocratic AI
$53M
Palo Alto, CA-based developer of an LLM for health care

Bain Capital Ventures, Khosla Ventures, First Round Capital, Box Group, Collaborative Fund, Quiet Capital, and Todd & Rahul’s Angel Fund
Loyal
$45M
San Francisco, CA-based developer of longevity drugs for dogs

Arch Venture Partners, OrbiMed, Fairmount, Fidelity, Point72, Farallon Capital Management, Boxer Capital, TCGX, Invus, Logos Capital, Moore Strategic Ventures, Blue Owl, Sanofi Ventures, Woodline Partners, Venrock, RTW Investments, and Alexandria Venture Investments
Mirador Therapeutics
$400M+
San Diego, CA-based developer of precision medicines for inflammatory and fibrotic diseases

Revolution Growth, Proof, Sentinel Global, Playground Global, Prologis Ventures, Bow Capital, Telstra Ventures, AME Cloud Ventures, and Schematic Ventures
Pandion
$41.5M
San Francisco, CA-based residential parcel delivery startup.

NEA, GV, Accel, Bain Capital Ventures, Forerunner, Alpine and Harmony, and Watar Partners
Wonder
$700M
New York, NY-based food delivery platform

|Scherzer Deal Report|

The Scherzer Deal Report: March 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.

Fundraising for PE & VC Funds

Acre Venture Partners
$140M
Third fund

B Capital
$750M
Second VC opportunities fund

Comvest Partners
$881M
Sixth private equity fund

IVP
$1.6B
18th flagship VC fund

Silence
$35M
Debut fund

Zero Prime Ventures
$48M
Second fund

Private Equity Deals

Rubicon Technology Partners
Ascend Analytics
Undisclosed amount
Boulder, CO-based provider of energy transition analytics

KKR
Avantus
Undisclosed amount
Los Angeles, CA-based developer of utility-scale solar and solar-plus-storage projects

Allied Industrial Partners
Celebrity Coaches
Undisclosed amount
Tupelo, MI-based provider of transportation and logistics for the live events and entertainment sectors

Trinity Hunt Partners
Coker Group
Undisclosed amount
Alpharetta, GA-based health care advisory firm.

New Mountain Capital
Grant Thornton
Undisclosed amount
Chicago, IL-based auditing firm

Francisco Partners
Jama Software
Undisclosed amount
Portland, OR-based enterprise product development platform

Regal Healthcare Capital Partners
Lightfully
$50M
Thousand Oaks, CA-based behavioral health services provider

PSG
Packback
Undisclosed amount
Chicago, IL-based AI-enabled student writing and discussion platform

Waud Capital Partners
Senior Helpers
Undisclosed amount
Charlotte, NC-based provider of home care and wellness offerings for seniors

NewSpring
Shake Smart
Undisclosed amount
San Luis Obispo, CA-based fast casual protein shake chain.

Greater Sum Ventures
Strax
Undisclosed amount
Boca Raton, FL-based provider of sensor fusion and collaboration software

Platinum Equity
TAK Communications
Undisclosed amount
Sioux Falls, SD-based provider of communications and broadband infrastructure services

Venture Capital Deals

Riverwood Capital, Silver Lake Waterman, and Advent International
BigID
$60M
New York, NY-based data security company

B Capital and USVP
Carlsmed
$52.5M
Carlsbad, CA-based developer of personalized spine surgery tech

Jump Crypto, Pantera Capital, and Lightspeed Faction
Figure Markets
$60M
San Francisco, CA-based decentralized crypto exchange

NEA, GV, Accel, Bain Capital Ventures, Forerunner, Alpine and Harmony, and Watar Partners
Wonder
$700M
New York, NY-based food delivery platform

|Scherzer Deal Report|

The Scherzer Deal Report: March 11-15, 2024

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

Fundraising for PE & VC Funds

Ballistic Ventures
$360M
Second fund

Fulcrum Equity Partners
$372M
Fifth fund

Gauge Capital
$1.4B
Fourth fund

GoldenTree Asset Management
$1.35B
Private credit fund

KSL Capital Partners
$2B
Sixth fund

Private Equity Deals

Sixth Street Partners, KKR, Bayview, and Card
WorksGreenSky
Undisclosed amount
Atlanta, GA-based installment lending platform

Bharcap Partners
Insurvia
Undisclosed amount
Las Vegas, NV-based insurer focused on the Hispanic market.

MiddleGround Capital
L. S. Starretc
$113M
Athol, MA-based maker of precision tools and cutting equipment.

Patient Square Capital
NanoString
Undisclosed amount
Seattle, WA-based life sciences tool developer

Nordic Capital
One
Undisclosed amount
Folsom, CA-based digital payments platform for insurers HCAP

Partners
PAX Health
Undisclosed amount
San Diego, CA-based
HCAP Partners acquired four behavioral health businesses in the Northeastern U.S. to form a new company.

TA Associates
PowerGem
Undisclosed amount
Clifton Park, NY-based provider of simulation software for the electric power industry

Frazier Healthcare Partners, NEA, and 22C Capital
RevSpring
Undisclosed amount
Nashville, TN-based provider of billing and communications services to health care and financial services companies.

Stride Consumer Partners
Serenity Kids
$52M
Austin, TX-based shelf-stable pouched baby food brand

Venture Capital Deals

Sixth Street Partners, KKR, Bayview, and CardWorks
GreenSky
Undisclosed amount
Atlanta, GA-based installment lending platform