Private Equity

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

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

March 20th, 2024|Scherzer Deal Report|

The Scherzer Deal Report: March 4-8, 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

Artemis
$36M
Second fund

Capitol Meridian Partners
$900M
Debut fund

Commerce Ventures
$150M
Fifth fund

EQT
$3.3B
Long-hold impact investing fund

Fathom Fund
$100M+
Debut fund

Prudence
$80M
Third fund

Riverarch Equity Partners
$1B
Fourth fund

Silas Capital
$150M
Second consumer growth fund

Private Equity Deals

L Catterton
AmaWaterways
Undisclosed amount
Calabasas, CA-based luxury river cruise line

Keystone Capital
Barkley and OKRP
Undisclosed amount
Merger of consumer marketing firms

AE Industrial Partners
Calca Solutions
Undisclosed amount
Lake Charles, LA-based maker of hydrazine

Charlesbank Capital Partners
EverDriven Technologies
Undisclosed amount
Greenwood Village, CO-based alternative student transportation platform

Carousel Capital
O.R. Colan Associates
Undisclosed amount
Charlotte, NC-based provider of right-of-way services and land management solutions

Lee Equity Partners
PCS Retirement
Undisclosed amount
Philadelphia, PA-based retirement plan recordkeeper

Luxium Solutions
PLX and PLX UK
Undisclosed amount
Deer Park, NY-based designer and manufacturer of optical products for defense and aerospace

Venture Capital Deals

Rockefeller Capital Management, Bain Capital Ventures, Signal
Fire, and Checkr
Argyle
$30M
New York, NY-based provider of income and employment data

IVP, Spark Capital, Greylock, South Park Commons, Lachy Groom, and Base Case
Baseten
$40M
San Francisco, CA-based machine learning infrastructure startup

Next Coast Ventures, S3 Ventures, and UPMC Enterprises
BrainCheck
$15M
Austin, TX-based cognitive health assessment startup

Centana Growth Partners
Cayosoft
$22.5M
Columbus, OH-based Microsoft Active Directory management firm

Delta-v Capital, AllianceBernstein, Standard Investments, Toshiba Digital Solutions, SE Ventures, Rockwell Automation, and SVB
Claroty
$100M
New York, NY-based cyber-physical systems protection provider

Sapphire Ventures and Ansa Capital
Defense Unicorns
$35M
Colorado Springs, CO-based provider of continuous delivery software for national security systems.

CapitalG
DTEX Systems
$50M
San Jose, CA-based insider risk management company

ARCH Venture Partners, Fidelity Management & Research Company, GV, Cormorant Asset Management, RA Capital, General Catalyst, and Alex Gorsky
FogPharma
$145M
Cambridge, MA-based oncology startup

Fin Capital, Glilot Capital Partners, Group11, and TriNet
Healthee
$32M
New York, NY-based health benefits startup

Cerberus Capital Management
Maybell Quantum
$25M
Denver, CO-based quantum infrastructure developer

Base10 Partners, Digitalis Ventures, Conductive Ventures, and Uphonest Capital
Moego
$24M
Los Angeles, CA-based payments and scheduling software company for pet groomers

B Capital
Nalu Medical
$20M
Carlsbad, CA-based developer of miniature neurostimulation devices

Cota Capital, GM Ventures, and RTX Ventures
Neural Propulsion Systems
$17.5M
Pleasanton, CA-based software-defined radar startup

March Capital, General Catalyst, Insight Partners, E14 Fund, Crosslink Capital, Spring Rock Capital, Liquid 2 Ventures, Harmonic Growth Partners, and the American Dental Association
Overjet
$53.2M
Boston, MA-based dental provider support startup

Powerhouse Capital and the PGA Tour
Pro Shop
$19.25M
Golf media and commerce startup.

BlackRockRapid
SOS
$75M
New York, NY-based emergency response data platform

Ballistic Ventures and Artisanal Ventures
Reach Security
$20M
Sunnyvale, CA-based startup that helps companies get more value out of existing cybersecurity tools.

Octopus Ventures, QED, Mouro Capital, and Counterpart Ventures
Remofirst
$25M
San Francisco, CA-based HR tech startup

Lightspeed, Fin Capital, Naventures, Diagram, Banco Popular, and Mana Ventures
Synctera
$18.6M
San Francisco, CA-based banking-as-a-service startup

Base10 Partners, Anthos Capital, Tech Operators, and StoneMill Ventures
Todyl
$50M
Denver, CO-based modular cybersecurity startup

Upload Ventures, Quiet Capital, and Pear Ventures
Topsort
$20M
San Francisco, CA-based adtech startup

March 14th, 2024|Scherzer Deal Report|

The Scherzer Deal Report: February 26-March 1, 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

Chipotle
$50M
Corporate VC fund

COTU Ventures
$54M
Debut fund

Inspired Capital
$330M
Third fund

Ocean Avenue Capital Partners
$600M
Fifth fund

Renovus Capital Partners
$325M
Multi-asset continuation fund

Zacuna Ventures
$56M
Debut fund

Private Equity Deals

GTCR and Avryo Health
7to7 Dental
Undisclosed amount
San Antonio, TX-based dental service organization

Bow River Capital
Accelo
Undisclosed amount
Denver, CO-based provider of professional services automation software.

Nordic Capital
ActiveViam
Undisclosed amount
New York, NY-based provider of banking software

Thomas H. Lee Partners
Agiliti
c. $2.5B
Minneapolis, MN-based provider of health care tech management and services

Argosy Healthcare Partners
Command Medical Products
Undisclosed amount
Ormond Beach, FL-based manufacturer single-use medical devices

Thoma Bravo
Everbridge
$1.8B
Burlington, MA-based provider of critical event management and national public warning software

Summit Partners
Insurcomm
Undisclosed amount
Portland, ME-based provider of commercial and residential restoration services

Bridgepoint
RoC Skincarec
$500M
New York, NY-based anti-aging skincare brand

Blackstone
Rover
$2.3B
Seattle, WA-based pet walking and sitting marketplace

Leeds Equity Partners
TouchMath
Undisclosed amountColorado Springs, CO-based provider of supplemental math curriculum

Venture Capital Deals

Lightspeed, Redpoint Ventures, CVS Health Ventures, Spark Capital, USV, Bessemer Venture Partners, and Wittington Ventures
Abridge
$150M
Pittsburgh, PA-based clinical documentation startup

Founders Fund, Dragonfly, SevenX Ventures, Figment Capital, and Nomad Capital
Avail
$27M
Chicago, IL-based modular blockchain project that spun out of Polygon

Leavitt Equity Partners
B.well
$40M
Baltimore, MD-based patient engagement and health data platform

Bezos Expeditions, Nvidia, OpenAI, Parkway VC, Align Ventures, Intel Capital, and ARK Invest
Figure
$675M
Sunnyvale, CA-based maker of humanoid robots.

Nextech Invest, RA Capital Management, Rock Springs Capital, General Catalyst, Marshall Wace, Samsara Biocapital, Foresite Capital, Symbiosis, Catalio Capital Management, Sixty Degree Capital, and former J&J CEO Alex Gorsky
FogPharma
$145M
Cambridge, MA-based biotech

Kleiner Perkins, Lightspeed, Sequoia Capital, Coatue, Iconiq Growth, IVP, Latitude Capital, Adams Street, Capital One Ventures, Citi, Databricks Ventures, Workday Ventures, and General Catalyst
Glean
$200M
Palo Alto, CA-based AI enterprise search startup

Khosla Ventures, NEA, Kleiner Perkins, and Redalpine
Inkitt
$37M
New York, NY-based self-publishing platform

Lightspeed, Insight Partners, Point Nine, and Air Street Capital
Intenseye
$61M
New York, NY-based provider of workplace safety software

Alaska Permanent Fund, Cure Ventures, The Column Group, Euclidean Capital, and Saisei Ventures
Kenai Therapeutics
$82M
San Diego, CA-based developer of a dopamine neuron progenitor targeting Parkinson’s Disease

Polaris Partners, Arch Venture Partners, Exor Ventures, and Collaborative Fund
Matter Neuroscience
$26M
New York, NY-based mobile app for happiness

NTT, Bloom8, McWin Capital Partners, Mizuho Bank, Mitsubishi Shokuhin Co., JICN, and Yaskawa Electric
Oishii
$134M
Jersey City, NJ-based vertical grower of strawberries and tomatoes

Bond, Abstract Ventures, Michael Ovitz’s Crossbeam Ventures, SKIMS co-founders Emma and Jens Grede
Passes
$40M
Los Angeles, CA-based creator platform for super fans

GV, Main Street Advisors, Visionary Ventures, and YK BioVentures
Pelage Pharmaceuticals
$17M
Los Angeles, CA-based developer of hair loss treatments

Trousdale Ventures, UP.Partners, R7, Yamaha Motor Ventures
Range Energy
$23.5M
Mountain View, CA-based maker of battery-propelled trucking trailers

March 6th, 2024|Scherzer Deal Report|

The Scherzer Deal Report: February 19-23, 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

Bluestein Ventures
Chicago, IL
$45M
Third fund

Crow Holdings
Dallas, TX
$3.1B
Tenth fund

Hack VC
New York, NY
$150M
Debut fund

ORI Capital
$260M
Second fund

Private Equity Deals

Kinzie Capital
Arctic Industries
Undisclosed amount
Miami, FL-based maker of walk-in coolers and freezers

L Squared Capital Partners
BTX Precision
Undisclosed amount
Roll up of ERA Industries, Gen-El-Mec, and i3DMFG formed into a precision components business unit

Merit Capital Partners and P2G Capital
Circuit Check
Undisclosed amount
Maple Grove, MN-based maker of test systems and fixtures for the electronics market

Harwood Private Equity
Crest Foods
Undisclosed amount
Ashton, IL-based provider of dairy stabilizers and dry food products

Aquiline Capital Partners and Level Equity
DocuPhase
Undisclosed amount
Tampa, FL-based provider of accounting and finance process automation software

HGGC
Rimkus Consulting Group
Undisclosed amount
Houston, TX-based engineering and technical consulting firm

ABB
SEAM Group
Undisclosed amount
Beachwood, OH-based provider of holistic advisory, training and technology solutions

Nautic Partners
SurfacePrep
Undisclosed amount
Byron Center, MI-based distributor of surface enhancement solutions

Levine Leichtman Capital Partners
USA Water
Undisclosed amount
Houston, TX-based water and wastewater systems operator

Venture Capital Deals

Decarbonization Partners, The Nature Conservancy, GS Futures, and NextEra Energy Resources
Antora Energy
$150M
Sunnyvale, CA-based thermal battery startup.

Define Ventures, Frist Cressey Ventures, and GreyMatter
Blackbird Health
$17M
Pittsburgh, PA-based youth mental health provider

Sutter Hill Ventures, Index Ventures, Altimeter Capital, and NewView Capital
Clumio
$75M
Santa Clara, CA-based cloud data backup and recovery company

Blue Cloud Ventures, FirstMark Capital, Spring Capital, and 3L
Crisp
$20M
New York, NY-based collaborative commerce platform

Tusk Ventures, Nathan Rodland, Dara Khosrowshahi, Bill Capuzzi, Roger Ferguson Jr., and Ryan Tedder
Dub
$17M
New York, NY-based copy-trading startup

TomEnterprise Private AB, Green Sands Equity, Yu Galaxy, Cambium Capital, and Lockheed Martin Ventures
Elve
$15M
Davis, CA-based provider of millimeter wave amplifier tech

Conductive Ventures
Empowerly
$15M
San Francisco, CA-based personalized college and career guidance company

General Catalyst, Thrive Capital, GV, Salesforce Ventures, Vast Ventures, Box Group, and Atento Capital
Fabric
$60M
New York, NY-based health care management software developer

Deerfield Management, Droia Ventures, Galapagos, DCVC Bio, MPM Capital, and RA Capital Management
Frontier Medicines
$80M
South San Francisco, CA-based proteomics company

Mayfield, General Catalyst, and Detroit Ventures
Highway 9 Networks
$25M
Santa Clara, CA-based enterprise mobile networking company

Nat Friedman, Daniel Gross, CapitalG, and Elad Gil
Magic.dev
$117M
San Francisco, CA-based startup building an AI software engineer.

Nexus Venture Partners, Battery Ventures, and Vertex Ventures US
Orkes
$20M
Cupertino, CA-based devops startup

Revolution Ventures, Maverick Ventures, GV, Female Founders Fund, 8VC, Alumni Ventures, and Great Oaks
Oula
$28M
New York, NY-based maternity care clinic

Kleiner Perkins, Initialized Capital, Y Combinator, Felicis Ventures, and Altos Ventures
PermitFlow
$31M
San Jose, CA-based construction permitting automation startup

MonCap
Pozitivf
$20M
San Antonio, TX-based fertility clinic network

AI Ventures, AXA Venture Partners, Eldridge, and Moderne Ventures
Qloo
$25M
New York, NY-based culture trends analytics startup

Celesta Capital, GreatPoint Ventures, HSBC, and Tasaru Mobility Investments
Recogni
$102M
San Jose, CA-based company getting into the AI chip business

Lightstone Ventures, Sante Ventures, Deerfield Management, Genesis Capital, and Arboretum Ventures
Reprieve Cardiovascular
$42M
Milford, MA-based medical device company

Forgepoint Capital, Singtel Innov8, LDVP, and 5G Open Innovation Lab
Synadia Communications
$25M
San Mateo, CA-based open-source cloud tech company

February 28th, 2024|Scherzer Deal Report|

The Scherzer Deal Report: February 12-16, 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

Core Industrial Partners
$887M
Third fund ($685M), and a fund dedicated to industrial services companies ($202M)

RW3 Ventures
$60M
Debut fund

Private Equity Deals

Whistler Capital Partners
AmeriPro
Undisclosed amount
Atlanta, GA-based medical transportation and patient logistics company

Sixth Street Partners
Blue Stream Fiber
Undisclosed amount
Coral Springs, FL-based broadband provider 

GoDigital
Cinq Music
$250M
Los Angeles, CA-based music rights management firm

Comvest Partners
ClearOne Advantage
Undisclosed amount
Baltimore, MD-based provider of debt resolution services

Endeavour Capital and Greenbelt Capital Partners.
CTC Global
Undisclosed amount
Irvine, CA-based maker of conductor cores for high-voltage transmission cables

Global Infrastructure Partners
Eversource Energy
$1.1B
Boston, MA-based offshore wind projects

General Atlantic and Stone Point Capital
HireRight
Undisclosed amount
Nashville, TN-based provider of background screening services for employers

Venture Capital Deals

Amplify Partners, Tamarack Global, and First In Ventures
Antithesis
$47M
New York, NY-based autonomous software testing and debugging startup

Sofinnova Investments, Longitude Capital, RA Capital, Cormorant Asset Management, RTW Investments, SV Health Investors, OrbiMed Advisors, Sands Capital, Pivotal bioVenture Partners, Osage University Partners, Lilly Ventures, Amgen Ventures and a16z
BioAge Labs
$170M
Richmond, CA-based developer of anti-obesity therapies

General Catalyst, Rally Ventures, and Costanoa Ventures
Bugcrowd
$102M
San Francisco, CA-based crowdsourced bug bounty platform

Nyca Partners
Duetti
$15M
New York, NY-based music financing platform

Versant Ventures, MPM BioImpact, Decheng Capital, and Eli Lilly
Firefly Bio
$94M
Burlingame, CA-based biotech focused on protein degraders

Spark Capital and Pillar VC co-led, and were joined by Schneider Electric, Fifth Wall, Starwood Capital, Standard Investments, Home Depot, Ferguson, Simpson Strong-Tie, Mulhern+Kulp Engineering, Suffolk Technologies, RXR Realty, PSP Growth, Metaprop, SC Masterfund, and Carl Bass
Higharc
$53M
Durham, NC-based cloud platform for homebuilding operations,

BlackRock, Hartree Partners, DCVC, Climate Investment, and Energy Innovation Capital
Kairos Aerospace

$52M
Sunnyvale, CA-based methane leak detection startup.

GP Bullhound, 1941, Insight Partners, Velvet Sea Ventures, Space Capital, MDSV Capital, and Dylan Taylor’s AngelList syndicate
LeoLabs
$29M
Menlo Park, CA-based commercial catalog of objects in low-Earth orbit

Sam Altman, Lachy Groom, Sequoia, John Bicket, Sanjit Biswas, and Diane Greene
Meter
$35M
San Francisco, CA-based internet infrastructure startup

Nasdaq, BNP Paribas, DRW VC, UBS, and Wells Fargo
Nasdaq Private Market
$62.4M
New York, NY and San Francisco, CA-based provider of liquidity solutions to private companies

Chesapeake Energy, Arch Meredith, Helium-3 Ventures, Virya, Nabors Industries, and Ignis Energy
Sage Geosystems
$17M
Houston, TX-based developer of a geothermal system that stores and dispatches energy with pressurized water.

Redpoint Ventures, New York Life Ventures, Amplify Partners, Tiger Global, and XYZ Ventures
Scribe
$25M
San Francisco, CA-based platform for documenting and sharing business processes

Dementia Discovery Fund, Leaps by Bayer, and UPMC Enterprises
Sudo Biosciences
$30M
Carmel, IN-based developer of precision TYK2 inhibitors

February 21st, 2024|Scherzer Deal Report|

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

February 14th, 2024|Scherzer Deal Report|

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

February 7th, 2024|Scherzer Deal Report|

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

January 31st, 2024|Scherzer Deal Report|

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

January 17th, 2024|Scherzer Deal Report|

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

January 10th, 2024|Scherzer Deal Report|
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