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