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.
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Fundraising for PE & VC Funds
Arboretum Ventures
$268M
Sixth fund
BV Investment Partners
$1.46B
11th flagship fund
Haystack
$75M
Seventh fund
Joyful Ventures
$23M
Fund focused on alternative protein startups
KCRise Fund
$34M
Third fund
Kindred Ventures
$310M
Third flagship fund ($200M) and first opportunities fund ($110M)
Pronghorn
$200M
Black-owned spirits makers
Springbank
$35M
Fund focused on infrastructure serving women and working families
Unshackled Ventures
$35M
Third fund
Varsity Healthcare Partners
$700M
Fourth fund
Wellington Management
$2.6B
Fourth late-stage VC fund
Private Equity Deals
Congruent Investment Partners
AAA Fabrication
Undisclosed
Kemp, TX-based provider of custom metal fabricated products
H.I.G. Capital
Advanced Dental Brands
Undisclosed
Canton, MA-based dental partnership organization
General Atlantic
Authentic Brands Group
$500M
New York, NY-based brand management company
Thomson Reuters
Casetext
$650M
San Francisco, CA-based AI assistant for lawyers
Brookfield Infrastructure Partners, Ontario Teachers’ Fund
Compass Datacenters
Undisclosed
Dallas, TX-based company that provides solutions for Cloud & SaaS, Enterprise, Colocation, and Edge/ Distributed Infrastructure
Norwest
HighFive Healthcare
$100M
Homewood, AL-based specialty dental partnership organization focused on endodontics and oral surgery.
Ilion Capital Partners
Mid States Supply
Undisclosed
Kansas City, MO-based provider of valves, pipes, and fittings
ArtesRx
Parkview Health Services
Undisclosed
Amherst, NY-based provider of specialized pharmacy services
Silver Lake and CPPIB
Qualtrics
Undisclosed
Provo, UT-based maker of survey and customer experience software
Mainsail Partners
Red Oak Compliance Solutions
$51M
Austin, TX-based provider of compliance software
Trinity Hunt Partners
REQ
Undisclosed
Washington, DC-based digital marketing and advertising company
Comvest Partners
Your Behavioral Health
Undisclosed
Torrance, CA-based behavioral health services firm
Venture Capital Deals
CRV, Bessemer Venture Partners, F2 Venture Capital
Astrix Security
$25M
New York, NY-based startup for securing app-to-app connections
CPMG, Evidity Health Capital, H.I.G. Capital, Revival Healthcare Capital, Almeda Ventures
Augmedics
$82.5M
Arlington Heights, IL-based AR navigation platform for spinal surgeries
General Atlantic, Flare Capital Partners
Author Health
$115M
Boston, MA-based provider of services for Medicare Advantage members with serious mental illness and substance use disorders
LB Investment, Ignite Innovation Fund, Krossroad Partners, SoftBank Ventures Asia
B Garage
$20M
San Jose, CA-based developer of autonomous warehouse drones
Paladin Capital Group, Lockheed Martin Ventures, Hakluy Capital, Expeditions Fund, Auren Hoffman, Anne, and Susan Wojcicki
CalypsoAI
$23M
San Mateo, CA-based AI testing and security startup
B. Riley Venture Capital, Kingfisher Investment Advisors, Snowflake Ventures, Prosperity7 Ventures, Legacy Knight
Cart.com
$60M
Austin, TX-based provider of e-commerce enablement solutions
IAG Capital Partners, Koch Disruptive Technologies, Temasek
Celestial AI
$100M
Santa Clara, CA-based photonic fabric startup
Ten Eleven Ventures, Advent International, Zscaler, Emerald Development Managers, Prelude, Great Road Holdings
Cyware
$30M
Jersey City, NJ-based threat intelligence platform
Dohmen Company Foundation
Everytable
$25M
Los Angeles, CA-based subscription meal service startup
Caffeinated Capital, Emergence Capital, Pear VC
Federato
$25M
Palo Alto, CA-based underwriting platform for the insurance industry
EQT Ventures, Andreessen Horowitz, Dell Capital, Intel Capital
Fly.io
$70M
Chicago, IL-based app delivery network
Novalis LifeSciences, Nvidia, Invenshure, 8VC, Beringea, HP Enterprise, Intuitive Ventures, iSelect, Gundersen Health System, Seraph, Great North Ventures
Flywheel
$54M
Minneapolis, MN-based medical imaging data platform
Nvidia, Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt
Inflection AI
$1.3B
Palo Alto, CA-based developer of a personal chatbot called Pi
One Peak, Senovo, Presto Ventures
IP Fabric
$25M
New York, NY-based automated network assurance startup
QED Investors, Tresalia Capital, Amador Holdings, NFX, Tiger Global, ALLVP
Nuvocargo
$36.5M
New York, NY-based provider of U.S.-Mexico cross-border freight services
OpenView, Flexport, Webflow, Matrix Partners, Thrive Capital
Parabola
$24M
San Franciso, CA-based workflow automation startup
LL Funds, RET Ventures
Picket
$20M
Nashville, TN-based residential real estate investing startup
Scopia Capital, Jefferson River Capital
PM Pediatric Care
$50M
New Hyde Park, NY-based hybrid pediatric care provider
GV, Lightspeed Venture Partners, Haystack
Redpanda
$100M
San Francisco, CA-based data streaming startup
DST Global Partners, Radical Ventures, Snowflake Ventures
Reka
$58M
Sunnyvale, CA-based developer of custom enterprise AI models
Homebrew, Stage 2 Capital, Wing VC, Underscore VC, Active Capital, Collide Capital, Tom Colichio, Scott Belsky
Slang.ai
$20M
New York, NY-based phone answering product
Salesforce Ventures, Lightspeed Venture Partners, Madrona, GV, Menlo Ventures, M12
Typeface
$100M
San Francisco, CA-based provider of generative AI for the enterprise
Tiger Global, South Park Commons
Unit21
$45M
San Francisco, CA-based fraud detection startup
New Spring Capital
Venn Software
$29M
New York, NY-based provider of employee cybersecurity and compliance SaaS
Ampersand Capital Partners, Charles River Labs, Dynamk Capital, the Vermont Center for Emerging Technologies
Vernal Biosciences
$20M
Colchester, VT-based mRNA, and LNP contract development and manufacturer
Volition Capital
Zenarate
$15M
Palo Alto, CA-based provider of simulation training software for improving sales agent performance