The Scherzer Deal Report: May 17-21, 2021
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.
PE and VC Firms
7wire Ventures
$150M
Second fund
Bain Capital Ventures
$1.3B
Ninth fund
IVP
$1.8B
17th growth-stage fund
KKR
$18.5B
13th North America buyout fund
Top Tier Capital Partners
$360M
Europe-focused fund
White Star Capital
$50M
Debut fund
Private Equity Investors
Ares Management
Black Creek Group
Undisclosed
Denver, CO-based real estate management firm
Abry Partners
Concentrix Insurance Solutions
Undisclosed
Greenville, SC-based insurance third-party administration operations and software platform
AE Industrial Partners
Cross-Fire
Undisclosed
Brooklyn, NY-based fire and life safety company
H.I.G. Capital
eHealth
$225M
Santa Clara, CA-based online marketplace for health insurance
KKR
ERM
$2.7B
London-based local sustainability consultant firm
OMERS Private Equity
Gastro Health
$950M
Miami, FL-based gastroenterology physician practice management firm
Accel-KKR
GPS Insight
Undisclosed
Scottsdale, AZ-based provider of fleet management software
Roark Capital
Nothing Bundt Cakes
Undisclosed
Dallas, TX-based franchisor and operator of bundt cake bakeries
SFW Capital Partners
Pion
Undisclosed
Billerica, CA-based provider of analytical instrumentation for formulation development and quality control in life sciences
KKR
Therapy Brands
Undisclosed
Birmingham, AL-based provider of mental and behavioral health practice management software
BlackRock Long Term Private Capital
Transaction Data Systems
Undisclosed
Orlando, FL-based provider of pharmacy software
Genstar Capital
Vector Solutions
Undisclosed
Tampa, FL-based provider of training and risk management solutions
Venture Capital Investors
Insight Partners, Venrock
Altruist
$50M
Los Angeles, CA-based digital platform for registered investment advisors
Fidelity, Dragoneer, John Doerr, March Capital, Emergence Capital, Euclidean Capital, HOF Capital, Telstra Ventures, 40 North Ventures
ASAPP
$120M
New York, NY-based provider of call center software
Fifth Wall, Ironspring Ventures, Tola Capital
Assignar
$20M
Denver, CO-based construction ops management platform
Cormorant Asset Management, OneVentures
Bivacor
$19M
Houston, TX-based developer of magnetic artificial hearts
RRE Ventures, Fin VC, Gaingels, Hack VC, Greycroft, Coatue, Conversion Capital
Boost Insurance
$20M
New York, NY-based B2B digital insurance platform
Draper Esprit, Astanor Ventures, Lowercarbon Capital, Future Positive Capital, Magnus Rausing, TIME Ventures
Cervest
$30M
London-based climate risk quantification startup
ALIVE Israel HealthTech Fund
Cynerio
$30M
New York, NY-based provider of healthcare IoT cybersecurity
Carrick Capital
DailyPay
$500M
New York, NY-based startup that helps employees and contractors receive daily payments
D1 Capital Partners, Maveron, Palm Tree Crew, Drake
Daring Foods
$40M
Wilmington, DE-based maker of plant-based chicken products
UBS O’Connor, K3 Ventures, Graphene Ventures
Eat Just
$170M
San Francisco, CA-based maker of plant-based egg products
Warburg Pincus, Town Hall Ventures, Echo Health Ventures, Mosaic Health Solutions
Eleanor Health
$20M
Waltham, MA-based outpatient addiction and mental health provider
Scale Venture Partners, Madrona Venture Group, Root Ventures, Ubiquity Ventures, Haystack
Esper
$30M
Bellevue, WA-based Android device management platform
10T Holdings, Morgan Creek Digital
Figure
$200M
San Francisco, CA-based consumer lending platform
SoftBank Vision Fund 2
Formlabs
$150M
Somerville, MA-based 3D printing company
D1 Capital Partners, SoftBank, Krillion Ventures
Heru
$30M
Miami, FL-based developer of wearable vision diagnostics and augmentation software
General Catalyst, Arbor Ventures, Khosla Ventures
Heyday
$70M
San Francisco, CA-based platform for acquiring and incubating marketplace-native brands
Bessemer Venture Partners, Index Ventures, Tusk Venture Partners, Rainfall Ventures, Teamworthy Ventures, Walkabout Ventures
Lithic
$43M
New York, NY-based developer of virtual payment cards
Andreessen Horowitz, Kleiner Perkins, Sequoia Capital, Coatue Management, General Catalyst, Iconiq Capital
Loom
$130M
San Francisco, CA-based workplace video messaging startup
Andreessen Horowitz
Maven
$20M
Austin, TX-based platform for cohort-based courses
GV, Norwest Venture Partners, GSR Ventures
OneNav
$21M
Palo Alto, CA-based mobile positioning system for devices
Capital Partners, Kaiser Permanente, General Atlantic, LabCorp, Bristol-Myers Squibb, Merck
PathAI
$165M
Boston, MA-based pathology tech startup
Updata Partners, Rittenhouse Ventures, LinkedIn
Piano
$88M
Philadelphia, PA-based customer analytics and subscription platform
Greenspring Associates
Pipe
$100M
Miami, FL-based B2B financing platform for SaaS companies
Tiger Global, I2BF Global Ventures, SOMA Capital
Portside
$17M
San Francisco, CA-based aviation business management platform
Kleiner Perkins, Founders Fund, SciFi, Caffeinated Capital, WorkLife Ventures, Background Capital, Avlok Kohli
Settle
$15M
San Francisco, CA-based provider of cash flow management solutions
nfraVia Capital Partners, Bpifranc
SightCall
$42M
San Francisco, CA-based virtual assistance platform
Group 11, Zeev Ventures, Migdal Insurance, Harel Group, AltaIR Capital, More Investment House
Sunbit
$130M
Los Angeles, CA-based “buy now pay later” tech startup
Wells Fargo Strategic Capital, Asahi Kasei, AAA, Gaingels, REACH
Super
$50M
San Francisco, CA-based provider of subscription-based homeowner services
Ribbit Capital, Sequoia CapitalVise$65MNew York, NY-based investment portfolio management platform
Aramco Ventures, Western Digital Capital
Wasabi
$25M
Boston, MA-based cloud storage startup
Coatue, Breakthrough Energy Ventures, The Westly Group, Grok Ventures
WeaveGrid
$15M
San Francisco, CA-based provider of EV deployment solutions
Lightspeed Ventures, Future Shape, CRV, Silverton Partners, Tusk Venture Partners, JPMorgan
Wheel
$50M
Austin, TX-based virtual healthcare recruiting platform
Baillie Gifford, Franklin Templeton, Founders Fund, Bedrock Capital, Andreessen Horowitz, Moore Strategic Ventures, 137 Ventures, Brookfield Growth Partners
Workrise
$300M
Austin, TX-based workforce management platform for skilled trades
Addition, Energy Impact Partners, GA Capital, Fourth Realm, Chevron Technology Ventures, LowerCarbon Capital
Zap Energy
$27.5M
Seattle, WA-based fusion energy startup