Venture Capital

The Scherzer Deal Report: January 18-22, 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 Fundraising	Location	Amount	Description
Crossbeam	Philadelphia, PA	$25M	Debut fund
Fort Point Capital	Boston, MA	$194M	Second small cap fund
Growth Street Partners	San Francisco, CA	$130M	Second fund
P4G Capital Management	San Francisco, CA	$209M	Debut fund
Sheridan Capital Partners	Chicago, IL	$306M	Second fund
Union Square Ventures	New York, NY	$250M	Latest early-stage fund
Union Square Ventures	New York, NY	$162M	First fund focused on climate tech startup

Private Equity Investors	Company	Amount	Description
Odyssey Investment Partners	Applied Technical Services	Undisclosed	Marietta, GA-based provider of testing, inspection, and calibration services
I Squared Capital	Atlantic Power	$961M	Boston, MA-based independent power producer with operations in 11 U.S. states and two Canadian provinces
Sycamore Partners	Azamara	Undisclosed	Miami, FL-based boutique luxury cruise business with three ships
General Atlantic, The Vistria Group	CareMetx	Undisclosed	Bethesda, MD-based hub services for patient access to specialty meds
Cohere Capital	CCS	Undisclosed	Portland, OR-based direct-to-consumer retailer of streetwear and skateboard equipment
H.I.G. Capital	Continental Batteries	Undisclosed	Dallas, TX-based cart battery maker
NovaQuest	CoreRx	Undisclosed	Clearwater, FL-based contract development and manufacturing organization
Milestone Partners	Cypress Group	Undisclosed	Baltimore, MD-based property and casualty insurer
Vestar Capital Partners	Dr. Praegerâ€™s Sensible Foods	Undisclosed	Elmwood Park, NJ-based maker of plant-based frozen and refrigerated foods
Partners Group	Idera	Undisclosed	Houston, TX-based provider of database lifecycle management software
Altamont Capital Partners	Kinetic Advantage	Undisclosed	Indianapolis, IN-based newly-formed auto floorplan financing company
Two Sigma Impact and BayPine	Penn Foster	Undisclosed	Scranton, PA-based distance learning company
BV Investment Partners	PixelMedia	Undisclosed	Portsmouth, NH-based digital commerce services firm
Elliott Investment Management	Removery	$50M	Austin, TX-based tattoo removal company
Advent International	RxBenefits	Undisclosed	Birmingham, AL-based pharmacy benefits optimizer
Ridgemont Equity Partners	SoftDocs	Undisclosed	Columbia, SC-based provider of enterprise content management software for the education market
Sixth Street	Talcott Resolution	Undisclosed	Windsor, CT-based provider of life insurance and annuity services
Growth Catalyst Partners	The Equine Network	Undisclosed	Albuquerque, NM-based provider of sports content and services to the U.S. equine industry

Venture Capital Investors	Company	Amount	Description
Meritech Capital Partners, Tiger Global, IVP, OMERS	Aledade	$100M	Bethesda, MD-based accountable care organization
Agronomics, Lewis & Clark AgriFood, McWin, Siddhi Capital, Radicle Growth, Rich Products, Thai Union	BlueNalu	$60M	San Diego, CA-based producer of seafood products directly from fish cells
HealthQuest Capital, BlackRock, TCG, Foresite Capital, Greenspring Associates, Morningside Ventures, Portfolio, Highland Capital Partners	Everlywell	$75M	Austin, TX-based in-home health testing platform
Tene Investment Fund	GlassesUSA.com	$45M	New York, NY-based online eyewear retailer and subsidiary of Optimax Eyewear
Sienna Capital, SoftBank	Globality	$138M	Menlo Park, CA-based digital solution for sourcing strategic services
Insight Partners, Norwest Venture Partners	Imperfect Foods	$95M	San Francisco, CA-based online food marketplace aimed at reducing food waste
Endeavor Catalyst, Lumos Capital, Creas Capital, Brighteye	Ironhack	$20M	Miami, FL-based provider of coding bootcamps
GGV Capital, Valor Equity Partners, Kaiser Permanente, 14W, Max Ventures, Pico Partners, Marcy Venture Partners, Primary Venture Partners, BoxGroup	K Health	$132M	New York, NY-based primary care company
Lux Capital, Pivotal BioVentures, The Column Group, DCVC Bio	Plexium	$35M	San Diego, CA-based developer of protein-degrading therapeutics
JMI Equity, Ankona Capital	Soci	$80M	San Diego, CA-based localized marketing startup
Abingworth, Sofinnova Investments, Longitude Capital, Fidelity, Surveyor Capital, Octagon Capital, Kleiner Perkins, GV, Alexandria Venture Investments	Vera Therapeutics	$80M	South San Francisco, CA-based developer of treatments for immunological and inflammatory diseases
Wellington Management, Casdin Capital, Redmile Group, Janus Henderson, Cormorant, Rock Springs Capital, Novo Holdings, Logos Capital, Surveyor Capital, RA Capital, GV, Biomatics	Verve Therapeutics	$94M	Cambridge, MA-based gene-editing startup focused on heart disease
Energize Ventures	Volta	$125M	San Francisco, CA-based EV charging network
Lightspeed Venture Partners, Sino Global Capital, Kenetic Capital, Rockaway Blockchain Fund, Hack VC, DeFi Alliance, Avon Ventures	Wintermute	$20M	Reston, VA-based provider of crypto exchanges and trading platform

January 25th, 2021|Scherzer Deal Report|

The Scherzer Deal Report: January 11-15, 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 Fundraising	Location	Amount	Description
Audax Private Equity	New York, NY	$1.7B	First continuation fund
Heritage Group	Nashville, TN	$300M	Third fund
KKR	New York, NY	$3.9B	First Asia-Pacific infrastructure fund
KKR	New York, NY	$1.7B	First Asia real estate private equity fund
Lafayette Square Holding	New York, NY	$100M	Debut social impact fund
March Capital	Santa Monica, CA	$450M	Third fund
Neuberger Berman	New York, NY	$2.1B	Fourth private equity co-investment fund
New Mountain Capital	New York, NY	$9.6B	Sixth flagship buyout fund
New Mountain Capital	New York, NY	$640M	First non-control fund
O2 Investment Partners	Bloomfield Hills, MI	$270M	Third fund
Transformation Capital	Boston, MA	$500M	Second fund

Private Equity Investors	Company	Amount	Description
Capital Constellation	Avista Capital Partners	Undisclosed	New York, NY-based health care-focused private equity firm
MountainGate Capital	BioDerm	Undisclosed	Largo, FL-based provider of disposable medical devices and wound care supplies to patients with chronic conditions
SFW Capital Partners	Caron	Undisclosed	Marietta, OH-based lab equipment provider
Oak Hill Capital Partners	Checkers Drive-In Restaurants	$20M	Tampa, FL-based parent company of Checkers & Rally’s iconic drive-thru restaurants
TPG Rise Fund	Element Markets	Undisclosed	Houston, TX-based sustainability and natural gas offsets trading advisor
Francisco Partners	Forcepoint	Undisclosed	Austin, TX-based cybersecurity company
TPG	Greenhouse	$500M	New York, NY-based human resources software provider
Charlesbank Capital Partners	Healthcare Fraud Shield	$50M	Chesterfield, MO-based provider of fraud, waste and abuse prevention software
Wynnchurch Capital	ICA	Undisclosed	Allentown, PA-based manufacturer of expanded polystyrene foam products
SK Capital Partners	Lacerta	Undisclosed	Mansfield, MA-based maker of specialty thermoformed packaging
Sixth Street	Legends	Undisclosed	New York, NY-based sports hospitality services company co-founded by the New York Yankees and Dallas Cowboys
Warburg Pincus	LendingPoint	$125M	Kennesaw, GA-based provider of personal and small business loans
HGGC, Wealth Partners Capital Group	Merit Financial Group	Undisclosed	Alpharetta, GA-based wealth manager
TA Associates	OmniActive	Undisclosed	New Jersey and India-based provider of natural nutraceutical ingredients
Varsity Healthcare Partners	Peak Dental Services	Undisclosed	Colorado Springs, CO-based dental services organization
TriSpan	Prestige PEO	Undisclosed	Melville, NY-based professional employer organization
Altamont Capital Partners	Specialized Packaging Group	Undisclosed	Livermore, CA-based protective packaging manufacturer
BV Investment Partners	Talent	Undisclosed	New York, NY-based provider of tech-enabled career services
Bain Capital Double Impact	TeachTown	Undisclosed	Woburn, MA-based provider of hybrid-learning software for students with special education
Spire Capital	The Inception Company	Undisclosed	Fairfield, NJ-based maker of virtual engagement products and services

Venture Capital Investors	Company	Amount	Description
ADM Ventures, GV, Barclays, Unreasonable Collective	Air Protein	$32M	Berkeley, CA-based alternative meat startup
Morgan Stanley Expansion Capital, General Catalyst, HighSage Ventures	AirSlate	$40M	Boston, MA-based no-code business automation startup
F-Prime Capital	Atalanta Therapeutics	$110M	Boston, MA-based developer of treatments for neurodegenerative diseases
Coatue, Tiger Global	Blend	$300M	San Francisco, CA-based digital lender
Canvas Ventures, Point72 Ventures, Crosslink Capital	Brace	$15.7M	Los Angeles, CA-based digital mortgage servicing platform
Archina Capital	Bryte	$24M	Los Altos, CA-based developer of AI-powered mattresses
Altimeter Capital, Greenoaks, Lone Pine, Benchmark, Bond, FirstMark, GV, Index Ventures, Tiger Global	Cockroach Labs	$160M	New York, NY-based distributed SQL database
Accel	DecisionLink	$18.5M	Atlanta, GA-based provider of customer cost-benefit analyses for business services
Spark Capital, Andreessen Horowitz, Redpoint Ventures	Descript	$30M	San Francisco, CA-based provider of audio and video transcription and editing software
JMI Equity	Employee Navigator	$34M	Bethesda, MD-based benefits admin and human resources software provider
GV, Arch Venture Partners, Andreessen Horowitz, Casdin Capital, Section 32, Nextech, Arboretum Ventures	EQRx	$500M	Cambridge, MA-based developer of drug equivalars
Insight Partners, Singular, CRV, LaunchHub Ventures	Gtmhub	$30M	Denver, CO-based provider of OKR-focused business orchestration software
Alkeon Capital, Battery Ventures, Citi Ventures, Norwest Venture Partners, Sorenson Capital, Thomvest Ventures, Menlo Ventures, IVP, Unusual Ventures	Harness	$85M	San Francisco, CA-based software delivery platform
CR-CCT Industry Pilot Fund, Redmile Group, Perceptive Advisors	Impulse Dynamics	$60M	Marlton, NJ-based developer of cardiac contractility modulation technology
Mainsail Partners	JobNimbus	$53M	Lehi, UT-based provider of home services software
BlackRock, H.I.G. Growth, OurCrowd, General Atlantic	JumpCloud	$25M	Louisville, CO-based cloud directory platform provider
Foundry Group, Greycroft, Maveron	Landing	$45M	San Francisco, CA-based flexible living startup membership platform
Altimeter Capital, Benchmark, YC	Modern Treasury	$38M	San Francisco, CA-based provider of payment operations software
General Catalyst, Felicis Ventures, Village Global, XYZ Ventures	Mosaic	$18.5M	San Diego, CA-based strategic finance platform
TPG Growth, CapitalG, Geodesic Capital, Greycroft, Canapi Ventures, Digital Garage, Point72 Ventures, Pelion Venture Partners, Regions Financial Corp.	MX	$300M	Lehi, UT-based provider of digital transformation SaaS for banks
Left Lane Ventures, American Family Ventures	Neat Capital	$22.5M	Boulder, CO-based home financing platform
Alaska Permanent Fund, Altitude Life Science Ventures, SoftBank Vision Fund 2, QIA	Tessera Therapeutics	$230M	Cambridge, MA-based programmable genetics startup
GIC, Siemens, Fidelity, Mubadala Investment Co.	ThoughtWorks	$720M	Chicago, IL-based software consultancy
SignalFire, Emerson Collective, Construct Capital, Allen & Co.	Tradeswell	$15.5M	Baltimore, MD-based e-commerce optimization startup
Accel, Silversmith Capital Partners	Webflow	$140M	San Francisco, CA-based no-code website development platform
Altimeter Capital, Insight Partners	Workato	$110M	Mountain View, CA-based business automation integration platform
Merian Chrysalis	You & Mr. Jones	$60M	New York, NY-based brand-tech group

January 19th, 2021|Scherzer Deal Report|

The Scherzer Deal Report: January 1-8, 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 Fundraising	Location	Amount	Description
Access Holdings	Baltimore, MD	$340M	Debut fund
Ares Management	Los Angeles, CA	$11B	Fifth European credit fund
Marathon Asset Management	New York, NY	$2.5B	Distressed credit fund
Oak Hill Capital Partners	New York, NY	$3.8B	Fifth flagship fund
One Way Ventures	Boston, MA	$57.5M	Second fund

Private Equity Investors	Company	Amount	Description
H.I.G. Capital	Action Point and Signature Flexible Packaging	Undisclosed	Acquisition and merger of two Californian companies in the food and consumer packaging space
USALCO	AI Chem/CalChem	Undisclosed	Provider of specialty chemicals for municipal water treatment and industrial applications
Monomoy Capital Partners	Astro Shapes	Undisclosed	Struthers, OH-based manufacturer of custom-finished aluminum extrusions
Infinedi Partners	BWG Strategy	Undisclosed	Cranford, NJ-based provider of market intelligence and data to investment management and corporate clients via a subscription-based mode
Partners Group	Careismatic Brands	Undisclosed	Chatsworth, CA-based maker of medical apparel
Golden Gate Capital	Covia	Undisclosed	Independence, OH-based provider of mineral-based material solutions for the industrial and energy markets
H.I.G. Capital	Crothall Laundry Services	Undisclosed	Manassas, VA-based provider of outsourced laundry services to the health care and hospitality sectors
Frazier Healthcare Partners	CSafe Global	Undisclosed	Dayton, OH-based provider of cold chain shipping solutions to the life sciences market
Revelstoke Capital Partners	Empire	Undisclosed	Miami-FL-based franchisee and sub-franchisee of 42 Orangetheory studios in the NYC metropolitan area
Onex Credit	Falcon Investment Advisors	Undisclosed	Boston, MA-based private credit manage
Knox Lane	Fingerpaint	Undisclosed	Saratoga Springs, FL-based health and wellness marketing agency
Gen Cap America	Frontier Packaging	Undisclosed	Tukwila, WA-based maker of seafood packaging
Century Equity Partners	Hancock Claims Consultants	Undisclosed	Alpharetta, GA-based property and casualty inspector
Incline Equity Partners	Jon-Don	Undisclosed	Roselle, IL-based provider of commercial supplies, equipment and consumables to specialty contractors and in-house service providers
JLL Partners	Jonathan Engineered Solutions	Undisclosed	Irvine, CA-based maker of industrial slides and other custom engineered components environments like U.S. Navy ships
SSM Partners	Keeps	Undisclosed	Las Vegas, NV-based provider of auto service and parts analytics and pricing optimization solutions
MidOcean Partners	LYNX Franchising	Undisclosed	Alpharetta, GA-based franchise platform for Jan Pro and other commercial and industrial services
Platinum Equity	Mad Engine	Undisclosed	San Diego, CA-based apparel maker
Vector Capital	Mood Media	Undisclosed	Austin, TX-based provider of in-store media solutions
Ridgemont Equity Partners	SEKO Logistics	Undisclosed	Itasca, IL-based third-party logistics provider
Odyssey Investment Partners	Service Champions	Undisclosed	Brea, CA-based provider of residential HVAC and plumbing services
Peak Rock Capital	Shipley Do-Nuts	Undisclosed	Houston, TX-based quick-service restaurant franchisor
Sagewind Capital	Sigma Defense Systems	Undisclosed	Perry, GA-based provider of airborne intelligence, surveillance and reconnaissance services
Water Street Healthcare Partners	Southern Scripts	$100M	Natchitoches, LA-based pharmacy benefit management company
Golden Gate Capital	Tidal Wave Auto Spa	Undisclosed	Orange Park, FL-based car wash chain
SK Capital Partners	Tilley Chemical Co.	Undisclosed	Baltimore, MD-based distributor of specialty chemicals and lubricants
Ontario Teachers’, Ares Management	TricorBraun	Undisclosed	St. Louis, MO-based packaging distributor
May River Capital	Unibloc Pump	Undisclosed	Marietta, GA-based provider of sanitary flow control solutions
Pritzker Private Capital	Vertellus	Undisclosed	Indianapolis, IN-based specialty chemicals company
Kinderhook Industries	Vesta Housing Solutions	Undisclosed	Southfield, MI-based provider of temporary and permanent modular space solutions

Venture Capital Investors	Company	Amount	Description
Mass General Brigham Ventures, Sanofi Ventures, Pontifax, Hongsen Investment Group, RA Capital, Samsara BioCapital	Abcuro	$42M	Newton, MA-based developer of anti-KLRG1 treatments for autoimmune diseases and cancers
Rock Springs Capital, Foresite Capital, T. Rowe Price, Wellington Management, Blackrock, Cormorant, Perceptive Advisors, EcoR1 Capital, Surveyor Capital, Logos Capital, Viking Global Investors, Bain Capital Life Sciences, Ziff Capital Healthcare Ventures	Affinivax	$226M	Cambridge, MA-based vaccines developer
XN, GV, Valor Equity Partners, Sequoia Capital, Sidewalk Infrastructure Partners, Congruent Ventures, Closed Loop Partners	AMP Robotics	$55M	Denver, CO-based developer of robots for sorting recyclable materials
Northpond Ventures, Cowen Healthcare Investments, HealthCap, BVF Partners, Ridgeback Capital, Johnson & Johnson, BioMotiv, Ionis Pharmaceuticals	Aro Biotherapeutics	$88M	Philadelphia, PA-based developer of tissue-targeted genetic medicine
Newlight Partners, Fortistar, Cottonwood Technology Funds, Sun Mountain Capital	BayoTech	$157M	Albuquerque, NM-based producer of on-site hydrogen
Breakthrough Energy Ventures	Boston Metal	$50M	Woburn, MA-based sustainable metal production startup
Tiger Global, GreatPoint Ventures, Cross Creek, Wildcat Venture Partners, SpringRock Ventures	Carrum Health	$40M	San Francisco, CA-based bundled payment platform for employers
General Atlantic, Greylock, Lux Capital, Lee Fixel	Chronosphere	$43.4M	Bellevue, WA-based cloud native monitoring tool
Greycroft	Citizen	$73M	New York, NY-based mobile app that provides users with notifications of nearby emergencies and crimes
General Catalyst, T. Rowe Price, Viking Global	Color	$167M	Burlingame, CA-based genetics and health testing company
RA Capital Management, Eventide Asset Management, New Leaf Venture Partners, Soleus Capital, Driehaus Capital, Osage University Partners, Asymmetry Capital Management, Northpond Ventures, Sands Capital, Sanofi Ventures, Alexandria Venture Investments, Altitude Life Science Ventures, Agent Capital	DiCE Molecules	$80M	South San Francisco, CA-based developer of immunology therapeutics
Hanaco, Schonfeld, PayPal Ventures, Whale Rock	Divvy	$165M	Draper, UT-based corporate spend management solutions
Sapphire Ventures, Insight Partners, Lightspeed Venture Partners, Norwest Venture Partners, Redpoint Ventures, Cisco Investments	Dremio	$135M	Santa Clara, CA-based provider of data lake transformation solutions
Goldman Sachs Growth, North Castle Partners	Echelon Fitness	$65M	Chattanooga, TN-based connected fitness company
Omega Funds, Longitude Capital	Endeavor BioMedicines	$62M	San Diego, CA-based biotech focused on pulmonary disease
Qatar Investment Authority	Fluence	$125M	Arlington, VA-based energy storage company
Insight Partners	Glia	$78M	New York, NY-based digital customer service company
Coatue, Tiger Global	Hinge Health	$310M	San Francisco, CA-based provider of musculoskeletal pain solutions
NightDragon	Iboss	$145M	Boston, MA-based cloud delivered network security company
Nextech, Vida Ventures, Two River Group, Bellco Capital, Polaris Partners, GV, Wellington Partners, Logos Capital	IconOVir Bio	$77M	San Diego, CA-based developer of oncolytic virus therapies
Omega Funds, Fidelity, Atlas Venture, OrbiMed, Bristol Myers Squibb	Ikena Oncology	$120M	Boston, MA-based cancer drug developer
Cormorant Asset Management, Surveyor Capital, Rock Springs Capital, T. Rowe Price, BlackRock, Perceptive Advisors, Lyfe Capital	Immuneering	$62M	Cambridge, MA-based cancer drug developer
RA Capital, Vivo Capital, Foresite Capital, A Plus Partners, Quan Capital, Qiming Venture Partners USA	Kira Pharma	$53.5M	Cambridge, MA and Suzhou, China-based developer of complement-targeted therapies
Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners, Coatue, Dragoneer Investment Group, Liberty Global Ventures, Snowflake Ventures, Tiger Global	Lacework	$525M	San Jose, CA-based cloud security platform
Longitude Capital, Omega Funds, Lundbeckfonden Ventures, PBM Capital, Janus Henderson, Invus, Woodline Partners, the Alzheimer’s Drug Discovery Foundation, Alexandria Venture Investments	Lexeo Therapeutics	$85M	New York, NY-based developer of gene therapies
NEA, Evolution VC Partners, Tyson Ventures	New Wave Foods	$18M	New York, NY-based developer of plant-based shrimp
Francisco Partners	News Break	$115M	Mountain View, CA-based local news app
Runa Capital, S7V, 1984 VC, EFG Hermes, Rucker Park, Inventure	Oxygen	$17M	San Francisco, CA-based digital banking platform
Catalyst Investors, Sageview Capital, Blue Cloud Ventures, Liberty Global Ventures	Pax8	$96M	Denver, CO-based cloud software marketplace for IT pro
Insight Partners	Quantum Metric	$200M	Monument, CO-based cloud service to build, test, and fix digital product
Ion Crossover Partners, Nexus Capital Management, Baron Capital Group	Resident	$130M	San Francisco, CA-based mattress brand
Owl Rock Capital, Insight Partners, HarbourVest, Emergence Capital	SalesLoft	$100M	Atlanta, GA-based sales software company
Boxer Capital, EcoR1 Capital, Omega Funds, Vida Ventures, Surveyor Capital, Invus, Wellington Management, Nextech Invest, OrbiMed, Casdin Capital, Woodline Partners, Logos Capital, Janus Henderson, Atlas Venture, Abingworth	Scorpion Therapeutics	$162M	Boston, MA-based precision oncology startup
Leaps by Bayer, Matrix Partners China, Mirae Asset Capital, Ridgeback Capital, Intel Capital, 8VC, Amgen Ventures, Lux Capital	Senti Biosciences	$105M	South San Francisco, CA-based gene circuit startup
Insight Partners	SimpleNexus	$108M	Lehi, UT-based homeownership platform
Andreessen Horowitz, Salesforce Ventures, Coatue, Index Ventures	Starburst Data	$100M	Boston, MA-based SQL query engine
Bessemer Venture Partners, Next Play Capital, Concrete Rose Capital, Emerson Collective, Voyager Capital	Syndio	$17.1M	Seattle, WA-based provider of HR software for eliminating pay equity gaps
Deerfield Management, Eli Lilly, OrbiMed, Lilly Asia Ventures, Vivo Capital, Samsara Capital, Suvretta Capital Management	Terns Pharma	$87M	Foster City, CA-based biotech focused on non-alcoholic steatohepatitis and other liver diseases
Digital Alpha Advisors	WeLink	$185M	Lehi, UT-based fixed-wireless broadband producer

January 11th, 2021|Scherzer Deal Report|

The Scherzer Deal Report: November 13-19, 2020

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 Fundraising	Location	Amount	Description
Bentley iTwin Ventures	Exton, PA	$100M	Debut Fund
Better Tomorrow Ventures	San Francisco, CA	$75M	Debut Fund
Council Capital	Nashville, TN	$200M	Fourth Fund
NextView Ventures	Boston, MA	$89M	Fourth Fund
Quid	San Francisco, CA	$320M	Debut employee loan fund
Round Hill Music Royalty Partners	New York, NY	$291M	Third fund
Searchlight Capital Partners	New York, NY	$3.4B	Third private equity fund
STG Partners	Palo Alto, CA	$2B	Sixth tech-focused private equity fund
Thomas H. Lee Partners	Boston, MA	$900M	THL Automation Fund. L.P.

Private Equity Investors	Company	Amount	Description
Arsenal Capital Partners	Best Value Healthcare	Undisclosed	Lakeland, FL-based primary care platform focused on Medicare Advantage
DW Healthcare Partners	CareXM	Undisclosed	Lehi, UT-based provider of virtual care and patient engagement solutions for post-acute and non-acute health care providers
American Securities	Foundation Building Materials	$1.37B	Santa Ana, CA-based distributor of specialty buildings products like wallboard, suspended ceiling systems, metal framing
Royal Ahold Delhaize	FreshDirect	Undisclosed	New York, NY-based online grocer
The Home Depot	HD Supply Holdings	$8B	Atlanta, GA-based building products company
Sun Capital Partners	Miami Beach Medical Group	Undisclosed	South Florida-based provider of health care services to Medicare Advantage plan members
Clearlake Capital Group	PrimeSource	Undisclosed	Irving, TX-based distributor of specialty building materials
OMERS Private Equity	Turnpoint	Undisclosed	Louisville, KY-based HVAC, plumbing and electrical services firm
Clearlake Capital Group	WellPet	Undisclosed	Tewksbury, MA-based natural petfood company
KKR	Zeus Health	$100M	Newly formed medical device acquisition platform

Venture Capital Investors	Company	Amount	Description
Coatue, Decibel Ventures, Index Ventures	Abacus.AI	$22M	San Francisco, CA-based developer of AI module
Menlo Ventures, Greylock	Abnormal Security	$50M	San Francisco, CA-based email security startup
Sapphire Ventures, Elsewhere Partners	ActivTrak	$50M	Austin, TX-based workforce monitoring tool
OMRON, Khosla Ventures, WP Global Partners, Qualcomm Ventures, Bold Capital Partners	AliveCor	$65M	Mountain View, CA-based provider of mobile electrocardiogram technology
Eldridge	CAIS	$50M	New York, NY-based alternative investing platform
Dragoneer, Brookfield Technology Partners, DCVC, Builders VC	Carbon Health	$100M	San Francisco, CA-based healthcare provider startup
Vickers Venture Partners, 212, Streamlined Ventures, Alumni Ventures Group, Waterman Ventures	Chooch.ai	$20M	San Francisco, CA-based enterprise computer vision startup
Insight Partners	CloudBolt Software	$35M	Bethesda, MD-based self-service hybrid cloud platform
GS Growth, Salesforce Ventures	Cogito	$25M	Boston, MA-based provider of real-time emotional intelligence solutions
Altimeter Capital, T. Rowe Price, Blackrock, Silverlake, NEA, Tiger Global	DataRobot	$270M	Boston, MA-based enterprise AI platform
VenBio Partners, Cormorant Asset Management, Boxer Capital, Janus Henderson, Samsara Biocapital, Vivo Capital, Aisling Capital, Vertex Ventures HC, Qiming Venture Partners USA, Driehaus Capital Management, BVF Partners	Elevation Oncology	$65M	New York, NY-based biotech focused on genomically defined cancers
Breakthrough Energy Ventures, The Engine, Prelude Ventures	Form Energy	$70M	Somerville, MA-based developer of battery systems for long-term storage of wind and solar energy
Thrive Capital, GV, Accel, GFC, IA Ventures	Headway	$26M	New York, NY-based software platform that helps therapists accept insurance and helps patients find those therapists
General Catalyst, Khosla Ventures, Arbor Ventures	Heyday	$175M	San Francisco, CA-based startup focused on accelerating consumer product brands on digital marketplaces like Amazon
Travelers, State Farm Ventures, Nationwide	Hover	$60M	San Francisco, CA-based data platform for home improvement and property insurance pros
Valor Equity Partners, Marcy Venture Partners, Atreides Management, PICO Venture Partners, 14W, Max Ventures	K Health	$42M	New York, NY-based digital primary care startup
Quan Capital, 6 Dimensions Capital, Qiming Venture Partners, Sinopharm Capital	Kira Pharma	$46M	Cambridge, MA-based developer of therapies for immune-mediated diseases
Accel, Summit Partners	Klaviyo	$200M	Boston, MA-based marketing automation firm
BBGI	Manus Bio	$75M	Cambridge, MA-based developer of complex natural products through advanced fermentation
Bayer, Humboldt Fund, Sozo Ventures, Agent Capital, InCube Ventures, HOF Capital	Metagenomi	$65M	Emeryville, CA-based gene editing company
SoftBank, Norwest Venture Partners, Accel Partners, Canaan, NEA, NewView Capital, Qualcomm Ventures	MindTickle	$100M	San Francisco, CA-based sales readiness plaform
WTT Investment, DCVC Bio, Valor Equity Partners, Humboldt Fund, Gruss & Co., Novo Holdings, 8VC, SOSV, AgFunder, Wireframe Ventures, Tony Fadell, John Legend, Natalie Portman	MycoWorks	$45M	Emeryville, CA-based developer of a leather alternative
Apple Tree Partners	Nereid Therapeutics	$50M	Boston, MA-based biotech focused on biomolecular condensates
Susquehanna Growth Equity	Realync	$22M	Chicago, IL-based virtual leasing platform for multifamily real estate
TCV, Sequoia Capital, Dragoneer, Madrone Capital Partners, Jackson Square Ventures, Go4it Capital	Strava	$110M	San Francisco, CA-based social platform for fitness
Jackson Square Ventures	Trust & Will	$15M	San Diego, CA-based estate planning platform
MPM Capital, Qiming Venture Partners USA	Umoja Biopharma	$53M	Seattle, WA-based developer of immunotherapies for blood cancer and pediatric osteogenic sarcoma
Cathay Innovation, GreatPoint Ventures, Breyer Capital, Omega Venture Partners, Greycroft, Lerer Hippeau, Interlock Partners, Mark VC, ATX Venture Partners	ZenBusiness	$55M	Austin, TX-based software platform for launching new businesses
SignalFire	ZeoTap	$18.5M	New York, NY-based customer intelligence platform

November 24th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: October 30 – November 5, 2020

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 Fundraising	Location	Amount	Description
Homestead Capital	San Francisco, CA	$596M	Third fund
Oceans Ventures	New York, NY	$11M	Debut fund
Veritas Capital	New York, NY	$400M	First credit fund
Zeal Capital Partners	Washington, DC	$22.3M	Debut fund

Private Equity Investors	Company	Amount	Description
True Wind Capital	AIA Contract Documents	Undisclosed	Washington, DC-based provider of customizable legal contracts to the construction market
Macquarie Capital, GCM Grosvenor	Alaska Communications	Undisclosed	Anchorage, AK-based telecom company
Inspire Brands	Dunkin’ Brands	$11.3B	Canton, MA-based restaurant platform
Clearlake Capital Group	Endurance International Group	$3B	Burlington, MA-based provider of cloud solutions for SMEs
Auxo Investment Partners	GC Dies	Undisclosed	Elmhurst, IL-based steel rule die manufacturer
GreyLion Capital, Stone Point Capital	Hyphen Solutions	Undisclosed	Addison, TX-based provider of residential construction management software
AE Industrial Partners	Linkware and Pangiam	Undisclosed	Merger of Alexandria, VA-based provider of custom software to federal government clients, and a security and travel consulting services company
Advent International	Nielsen’s Global Connect unit	$2.7B	New York-based company that tracks consumer goods sales
Kohlberg & Co.	Parts Authority	Undisclosed	New Hyde Park, NY-based aftermarket distributor of replacement car and truck parts
Guardian Capital Partners	Upper Echelon Products	Undisclosed	Austin, TX-based e-tailer of consumer products under such brands as Everlasting Comfort and Café Du Chateau
Court Square Capital Partners	Veregy	Undisclosed	Phoenix, AZ-based energy engineering company

Venture Capital Investors	Company	Amount	Description
Wheatsheaf Group, GV, Argonautic Ventures, Caisse de dépôt et placement du Québec, Emart, GS Group, Louis Dreyfus Company, iSelect Fund, Fall Line Capital, Mercury Fund, Prelude Ventures, Prolog Ventures, S2G Ventures	Benson Hill	$150M	St. Louis, MO-based crop design company
NTTVC, Qualcomm Ventures, Lightspeed Venture Partners, Norwest Venture Partners, Cervin Ventures	Celona	$30M	Cupertino, CA-based private mobile networking startup
Meritech Capital Partners, Julia and Kevin Hartz, Zac Bookman, Initialized Capital, Axon, Bedrock Capital, Matrix Partners, Founders Fund, YC	Flock Safety	$47M	Atlanta, GA-based developer of local surveillance systems
Canaan Partners, Khosla Ventures, Bling Capital, Rise of the Rest	Hermeus	$16M	Atlanta, GA-based developer of a Mach 5 aircraft
Francisco Partners	MyFitnessPal	$345M	San Francisco, CA-based smartphone app and website that tracks diet and exercise
SoftBank, Mubadala, Oaktree Capital, UBS Asset Management, Target Global	REEF Technology	$700M	Miami, FL-based provider of parking lot tech and services
USVP, Lightstone Ventures, Alumni Venture Partners, Wakestream Ventures, Biosciences Research & Commercialization Center of Western Michigan University, Invest Michigan, Michigan Angel Fund	Shoulder Innovations	$21.6M	Holland, MI-based developer of shoulder replacement systems
Ribbit Capital, NFX, Zigg Capital	Tomo Networks	$40M	Stamford, CT-based home mortgage platform
SIG Asia Investments, Accomplice, Golden Ventures, Jump Capital	TVision	$16M	New York-based provider of TV performance metrics
Morgan Stanley Capital Partners	US HealthConnect		Fort Washington, PA-based provider of pharma-sponsored continuing medical education and promotional education to health care providers
NGP Energy Technology Partners, Prelude Ventures, Ajax Strategies	Voltus	$25M	San Francisco, CA-based distributed energy resources platform
Stage 1 Ventures, Mitsubishi	WiTricity	$34M	Watertown, MA-based wireless power transfer company

November 6th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: October 23-30, 2020

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 Fundraising	Location	Amount	Description
Accel-KKR	Menlo Park, CA	$640M	New evergreen fund
Amplify Partners	San Francisco, CA	$275M	Fourth early stage fund
Amplify Partners	San Francisco, CA	$100M	First growth fund
Camber Creek	Washington, D.C.	$155M	Third fund
Eureka Equity Partners	Philadelphia, PA	$200M	Fourth small-cap buyout fund
Impact Engine	Chicago, IL	$31.5M	First private equity fund
RA Capital Management	Boston, MA	$461 m	New biotech-focused venture fund
Ryder System	Miami, FL	$50M	Debut fund
The Blackstone Group	New York, NY	$8B	Second long-hold private equity fund
Thoma Bravo	Chicago, IL	$17.8 b	Fourteenth flagship buyout fund
Thoma Bravo	Chicago, IL	$3.9 b	Third mid-market fund
Thoma Bravo	Chicago, IL	$1.1 bi	First lower-mid market fund

Private Equity Investors	Company	Amount	Description
GTCR	Consumer Cellular	Undisclosed	Portland, OR-based wireless company focused on older users
Tiger Global, Fidelity, BlackRock, Neuberger Berman	DoubleVerify	$350M	New York-based digital media engagement analytics company
Francisco Partners	Forcepoint	Undisclosed	Austin, TX-based cybersecurity company
Atwater Capital	Freepik	Undisclosed	Los Angeles, CA-based provider of digital visual content
Rock Mountain Capital	GeoLinks	Undisclosed	Camarillo, CA-based CLEC
AE Industrial Partners	PCI	Undisclosed	Columbia, MD-based provider of IT services and support to the intelligence and defense communities
Newlight Partners	Pondurance	Undisclosed	Indianapolis, IN-based provider of managed detection and response services
The Blackstone Group	Simply Self Storage	$1.2B	Orlando, FL-based self-storage company
Cohere Capital	Sonobi	Undisclosed	Winter Park, FL-based ad platform for digital media
Lion Equity Partners	TY-Harbor	Undisclosed	Marlton, NJ-based provider of linens to the hospitality and hospital markets
Brookwood Financial Partners	Yesway	$235M	Fort Worth, TX-based convenience store operator

Venture Capital Investors	Company	Amount	Description
Ginkgo Bioworks, Battelle, General Atlantic, Cascade Investment, Viking Global Investors	Allonnia	$40M	Boston, MA-based bioremediation company focused on waste management
Lux Capital, Andreessen Horowitz, General Catalyst	Applied Intuition	$125M	Sunnyvale, CA-based simulation platform for autonomous systems development
Prelude Ventures, M2O, AVG’s Nassau Street Ventures, Tridon, S2G Ventures, Middleland Capital, Ajax Strategies, Chase Field	Arable	$20M	San Francisco, CA-based provider of data solutions for agriculture
Viking Global Investors, DTCP, and existing backers	Arctic Wolf	$200M	Sunnyvale, CA-based security operations center-as-a-service company
Atlas Venture, RA Capital Management, Alta Partners, Longwood Fund, Takeda Ventures	Be Biopharma	$52M	Cambridge, MA-based developer of engineered B-cell therapies
Macquarie, Napier Park Global, Camden Partners	Bluefin	$25M	Atlanta, GA-based provider of payment and data security services
Highland Capital Management, Coatue Management, T. Rowe Price, OrbiMed, Millennium Management, Neuberger Berman, ClearBridge Investments, First Light Asset Management	Caris Life Sciences	$235M	Irving, TX-based precision medicine company
Point72 Ventures, Mouro Capital, Fidelity, Raptor Group, SBI Holdings, Route 66 Ventures	DriveWealth	$56.7 m	Chatham, NJ-based developer of global digital trading tech
Accel	Eagle Eye Networks	$40M	Austin, TX-based cloud video surveillance company
General Catalyst, Capital One Ventures, Foundation Capital, IVP, Lightspeed Venture Partners	Eightfold AI	$125M	Mountain View, CA-based talent intelligence platform
CNO Financial Group, Guardian Life, Nippon Life, Samsung Ventures, Securian Ventures, Bessemer Venture Partners	Fabric	$18M	New York-based family finance planning startup
NEA, Sound Ventures, Neo, Geodesic Capital, Operator Collective, K9 Ventures	Forethought	$17M	San Francisco, CA-based AI and machine learning platform for customer support teams
PeakEquity Partners	Grayshift	$47M	Atlanta, GA-based provider of mobile device digital forensics
7wireVentures, Pitango HealthTech	Homethrive	$18M	Northbrook, IL-based eldercare platform
Baillie Gifford, T. Rowe Price, Rock Springs, Andreessen Horowitz, Prosus Ventures, 8VC, Thrive Capital	Honor	$140M	San Francisco, CA-based provider of tech-enabled senior care services
Greycroft, Okta Ventures, B Capital Group, First Round Capital	Kandji	$21M	San Diego, CA-based Apple enterprise management solution
Citi, Motley Fool Ventures, Illuminated Funds Group	Ketos	$15M	Milpitas, CA-based provider of water quality and logistics monitoring software
Coatue, 645 Ventures, Primary Ventures	Lunchbox	$20M	Platform that lets restaurants build ordering experiences
Thrive Capital	Nava	$20M	New York-based employee benefits brokerage
Eight Roads Ventures, F-Prime Capital, Partech, Salesforce Ventures, Serena	Odaseva	$25M	San Francisco, CA-based enterprise cloud trust platform
SoftBank	Ordermark	$120M	Los Angeles, CA-based cloud kitchen company
Koch Disruptive Technologies, Evolv Ventures, Henry Crown & Co., NEA, 8VC, Prologis Ventures	Outrider	$65M	Golden, CO-based developer of warehouse yard robots
CAM Capital, Polaris Partners, Samsara BioCapital, Oberland Capital, McDermott, BioRock Ventures, BioBrit	Primmune Therapeutics	$27.4M	San Diego, CA-based biotech focused on acute viral diseases and cancer
Madrona Venture Group, Tola Capital	Pulumi	$37.5M	Seattle, WA-based cloud engineering platform
OrbiMed, Acorn Bioventures	Q32 Bio	$60M	Cambridge, MA-based developer pf biologic therapeutics to restore immune regulation
Jazz Venture Partners, Playground Global, Liquid2 Ventures, Fontinalis Partners	Robust.ai	$15M	Palo Alto, CA-based collaborative robotics startup
Sequoia Capital, Greylock	Rockset	$40M	San Mateo, CA-based real-time indexing database company
TDM Growth Partners	Rokt	$80M	New York-based ecommerce marketing company
Wellington Management, NewView Capital, TSG Consumer Partners, CPP Investments, BlackRock, D1, Battery Ventures, Eldridge, Declaration Partners, Moore Strategic Ventures. Additional investors include Greycroft, Baillie Gifford, Sands Capital, Revolution Growth, and Highland Capital Partners	Scopely	$340M	Los Angeles, CA-based mobile games company
Atlas Venture, Omega Funds, and Vida Ventures, Abingworth, Partners HealthCare Innovation	Scorpion Therapeutics	$108M	Boston, MA-based precision oncology startup
Walvax Biotech, Sunshine Riverhead Capital, Rotating Boulder Fund, Longmen Capital, HongTao Capital, Alpha Win Capital	Sirnaomics	$105M	Gaithersburg, MD-based developer of RNAi therapeutics
Sequoia Capital	StrongDM	$17M	Burlingame, CA-based database access control platform
IVP, SoftBank, Accomplice, Two Sigma Ventures, Collaborative Fund, Thursday Ventures, Nextview Ventures, Promus Ventures, Cavu Ventures, D20 Capital, LionTree Partners	Whoop	$100M	Boston, MA-based maker of fitness-tracking wearable

October 30th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: October 16-20, 2020

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 Fundraising	Location	Amount	Description
LLR Partners	Philadelphia, PA	$1.8B	Sixth lower middle-market private equity fund
OpenView Venture Partners	Boston, MA	$450M	Sixth fund
True Ventures	Palo Alto, CA	$465M	Seventh flagship fund
True Ventures	Palo Alto, CA	$375M	Fourth “select” fund

Private Equity Investors	Company	Amount	Description
Lightyear Capital, Ontario Teachers’	Allworth Financial	$800M	Sacramento, CA-based provider of retirement and wealth management solutions
Ridgemont Equity Partners	Anne Arundel Dermatology Management	Undisclosed	Linthicum Heights, MD-based operator of 74 clinics in the Mid-Atlantic and Southeastern U.S.
Atairos	Arcis Golf	Undisclosed	Dallas, TX-based operator of public and private golf clubs
Thoma Bravo	AxiomSL	Undisclosed	New York-based provider of risk management and regulatory software for the investment market
Abry Partners	Benefit Recovery Group	Undisclosed	Memphis, TN-based provider of health care subrogation service
H.I.G. Capital	Capstone Logistics	Undisclosed	Atlanta, GA-based provider of outsourced supply chain solutions to distribution centers
Madison Dearborn Partners	Carnegie Learning	Undisclosed	Pittsburgh, PA-based education and formative assessment company
CapVest	Datasite	Undisclosed	Minneapolis, MN-based provider of M&A SaaS
Pritzker Private Capital	Energy Distribution Partners	Undisclosed	Chicago, IL-based distributor of propane and light fuels. Existing backers Concentric Equity Partners and Duchossois Capital Management
Ares Management, Pretium	Front Yard Residential	$767M	U.S. rental homes owner
Welsh, Carson, Anderson & Stowe	GovernmentCIO	Undisclosed	Washington, DC-based provider of digital solutions to the federal health IT services market
I Squared Capital	GTT Communications	$2.15B	McLean, VA-based telecom company’s infrastructure unit
MidOcean Partners	InterVision Systems	Undisclosed	Santa Clara, CA-based IT solutions and managed services provider
Core Industrial Partners	J&K Ingredient	Undisclosed	Paterson, NJ-based maker of baked goods ingredients
Kainos Capital	Nutrisystem	$575M	Fort Washington, PA-based nutrition and weight management brand
Mainsail Partners	PlanHub	$41M	West Palm Beach, FL-based project bid marketplace for commercial construction
The Jordan Co.	Potters Industries, LLC	$650M	Performance Materials segment of publicly traded PQ Group Holdings, Inc.
KKR	RVshare	$100M	Akron, OH-based peer-to-peer RV rental marketplace
TZP Group	SA Co.	Undisclosed	Boca Raton, FL-based outdoor lifestyle apparel business
Trilantic North America	SemaConnect	Undisclosed	Bowie, MD-based provider of electric vehicle charging infrastructure
Lee Equity Partners	Simplicity	Undisclosed	Summit, NJ-based financial products distribution business
H.I.G. Capital	St. Croix Hospice	Undisclosed	Oakdale, MN-based provider of end-of-life care in six states
Accel-KKR	Surgical Information Systems	Undisclosed	Alpharetta, GA-based provider of business and clinical surgical software
Bansk Group	Woodstream	Undisclosed	Lancaster, PA-based maker of branded pest and animal control products

Venture Capital Investors	Company	Amount	Description
ForgePoint Capital, Benhamou Global Ventures, TheVentureCity, C5 Capital, Adara Ventures	4iQ	$30M	Los Angeles, CA-based cyber intelligence startup
Perceptive Advisors, Bain Capital Life Sciences, RA Capital, Sarepta Therapeutics	AavantiBio	$107M	Cambridge, MA-based gene therapy startup focused on rare genetic diseases
NEA, Andreessen Horowitz, Intel Capital, Foundation Capital	Anyscale	$40M	Berkeley, CA-based app development platform
Ascension Ventures	Bind Benefits	$105M	Minneapolis, MN-based health insurance startup
Cox Enterprises, Catalyst Investors	BrightFarms	$100M	Irvington, NY-based indoor farming company
Georgian Partners, Breyer Capital, Bessemer Venture Partners, LiveOak Venture Partners, The Stephens Group	Disco	$60M	Austin, TX-based e-discovery company
SR One, Taiho Ventures, BVF Partners, HBM Healthcare, Alexandria Venture Investments, 8VC, Mission BioCapital	Dren Bio	$60M	San Carlos, CA-based developer of protein-engineering technologies
Meritech Capital Partners, PayPal Ventures, Great Point Ventures, Shah Capital Partners	Extend	$40M	San Francisco, CA-based provider of product protection services
Salt Partners, Lightspeed Venture Partners, DCM Ventures, Menlo Ventures, HarbourVest Partners	Fivestars	$52.5M	San Francisco, CA-based small business marketing and payments startup
Trustbridge Partners, Caffeinated Capital, Kleiner Perkins	Future	$24M	San Francisco, CA-based workout coaching app
GGV Capital, EQT Ventures, Kleiner Perkins, Lightspeed Venture Partners, Spark Capital, True Ventures, Chan Zuckerberg Initiative, Emerson Collective, Imaginable Futures	Handshake	$80M	San Francisco, CA-based recruitment platform
Tiger Global, Bond, Bessemer Venture Partners	Hyperscience	$80M	New York-based data automation startup
Innoviva, Deerfield Management, HealthCap, Morningside Ventures	InCarda Therapeutics	$30M	San Francisco, CA-based developer of inhaled therapies for cardiovascular diseases
Group 11, Foundation Capital, AltaIR Capital, Primary Venture Partners, Torch Capital, Zeev Ventures	Lili	$15M	New York-based banking app for freelancers
Founders Fund, Meritech Capital	Newfront Insurance	$28M	San Francisco, CA-based business and personal insurance brokerage
Summit Partners	Output	$45M	Los Angeles, CA-based provider of digital music creation SaaS
Spark Capital, Boston Seed, Tectonic Ventures	Perch	$123.5M	New York-based platform that acquired direct-to-consumer products selling on Amazon
Menlo Ventures, Polaris Partners, Ten Eleven Ventures	Sonrai Security	$20M	New York-based public cloud security startup
Prime Movers Lab, Liberty Global Ventures, Liberty LatAm Ventures	Tarana Wireless	$30M	Milpitas, CA-based provider of fixed wireless access network solutions
Advent International, Index Ventures, Exor, Airbus Ventures, FM Capital	Tekion	$150M	San Ramon, CA-based auto retail SaaS platform
Sequoia Capital, Madrona Venture Group, Addition Ventures, Amplify Partners	Temporal	$18.75M	Seattle, WA-based microservices orchestration platform
Bitkraft Ventures, Nexstar Media Group	VENN	$26M	Los Angeles, CA-based e-sports content network
Cardinal Health, Marc Benioff, Canaan Partners, Threshold Ventures, Section 32, Casdin Capital, Novartis Pharma AG, McKesson Ventures, LifeForce Capital	Vineti	$33M	San Francisco, CA-based developer of logistics software for cell and gene therapies
Accel, Unusual Ventures	Vivun	$18M	Oakland, CA-based pre-sales software startup
Quiet Capital, Sequoia Capital, First Round Capital	Whisper	$35M	San Francisco, CA-based hearing aids startup
Insight Partners	Zest AI	$15M	Los Angeles, CA-based provider of credit underwriting software

October 23rd, 2020|Scherzer Deal Report|

The Scherzer Deal Report: October 3-10, 2020

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 Fundraising	Location	Amount	Description
Greycroft	New York, NY and Los Angeles, CA	$368M	Third growth-stage fund
Greycroft	New York, NY and Los Angeles, CA	$310M	Sixth early-stage VC fund
HPS Investment Partners	New York, NY	$9B	Subordinated debt fund
NewRoad Capital Partners	Roger, AR	$176M	Third fund
Plexus Capital	Raleigh, NC	$502M	Fifth fund
Pontifax AgTech	Santa Monica, CA	$302M	Second fund

Private Equity Investors	Company	Amount	Description
Susquehanna Private Capital	Brandywine Coach Works	Undisclosed	Pennsylvania-based auto repair facilities operator. It will form the basis of a new acquisition platform called quality Collision Group
H.I.G. Capital	Hart & Cooley	Undisclosed	Grand Rapids, MI-based maker of HVAC and air distribution products
L Catterton, Pamplona Capital Management	ICON	$200M	Utah-based connected fitness company whose brands include NordicTrack
Carousel Capital	Landscape Workshop	Undisclosed	Provider of route-based commercial landscaping services in the Southeastern U.S.
Vector Capital	MarkLogic	Undisclosed	San Carlos, CA-based provider of enterprise data integration and data management solutions
Onex	OneDigital	Undisclosed	Atlanta, GA-based provider of benefits solutions to employers
VSS Capital Partners	Podiatry Growth Partners	Undisclosed	St. Louis, MO-based operator of a national network of regionally branded podiatric clinics
Core Industrial Partners	TCG Legacy	Undisclosed	Garner, NC-based marketing company focused on printing and packaging services
CC Capital and Motive Partners	Wilshire Associates	Undisclosed	Santa Monica, CA-based investment tech and advisory firm
LLR Partners	YCharts	Undisclosed	Chicago, IL-based maker of cloud-based investment analytics and communications tools for investors
The Blackstone Group	Zo Skin Health	Undisclosed	Irvine, CA-based maker of medical-grade skincare products

Venture Capital Investors	Company	Amount	Description
Column Group, Vida Ventures, Samsara BioCapital, Nextech Invest, Casdin Capital, Euclidean Capital, UC Regents, Hartford HealthCare Endowment	A2 Biotherapeutics	$71.5M	Agoura Hills, CA-based developer of cell therapies for solid tumors
Union Square Venturesm UPMC, Bessemer Venture Partners, Pillar, KdT Ventures	Abridge	$15M	Pittsburgh, PA-based startup that helps patients better understand their medical plans of action
Dawn Capital, Deutsche Bank, Goldman Sachs, JPMorgan	AccessFintech	$20M	New York-based data and workflow collaboration startup
Accel, Emergence Capital, Salesforce Ventures	Airkit	$28M	Palo Alto, CA-based low-code platform for custom engagement
Franklin Templeton	Allbirds	$100M	San Francisco, CA-based footwear maker
D1 Capital Partners, 8VC	Avail Medsystems	$100M	Palo Alto, CA-based developer of telemedicine solutions for use in procedure rooms
Oak HC/FT, Westcap, Liquid 2 Ventures, Gaingels, Air Angels	Cerebral	$35M	San Francisco, CA-based mental health medication management and therapy startup
Insight Partners, Steadview Capital, Tiger Global	Chargebee	$55M	India and San Francisco, CA-based billing subscription management company
Verizon Ventures, M12, Great Point Ventures, SVB	Cooler Screens	$80M	Chicago, IL-based startup that replaces glass doors in store aisle coolers with interactive digital displays
Transformation Capital, Johnson & Johnson, Cigna Ventures, Roviant Sciences, Flex Capital	Datavant	$40M	Cleveland, OH-based health data management company
OMERS, Andreessen Horowitz, Google Ventures, Iconiq, Work-Bench	Dialpad	$100M	San Francisco, CA-based cloud business phone and contact center provider
Horizons Ventures, Venrock, Altitude, Seventure Partners	Federation Bio	$50M	South San Francisco, CA-based microbial therapeutics startup
Accel, D1 Capital Partners, Luxor Capital, Softbank Vision Fund	GoPuff	$380M	Philadelphia, PA-based delivery startup for convenience store items
Index Ventures, Bain Capital Ventures, Firstminute Capital	Grid AI	$18.6M	New York-based machine learning startup
Valiant Peregrine Fund, D1 Capital Partners	Instacart	$200M	San Francisco, CA-based grocery delivery company
Sequoia Capital, Human Capital, Future Positive, Goldman Sachs, Mubadala, Scrum Ventures	Mmhmm	$21M	San Francisco Bay-based virtual camera application used to create virtual rooms, backdrops, and presentations during video conferencing calls
DFJ Growth, Vivo Capital, Mithril Capital Management, Norwest Venture Partners, Section 32, Fred Moll	Neocis	$72M	Miami, FL-based developer of dental surgery robots
Sutter Hill Ventures	Observe	$35M	San Mateo, CA-based SaaS observability startup
CDPQ, NightDragon, .406 Ventures, LLR Partners, Arsenal Venture Partners	Onapsis	$55M	Boston, MA-based application cybersecurity and compliance company
CarVal Investors, CBRE, Engie New Ventures, Evergy Ventures, Linse Capital	Redaptive	$157M	San Francisco, CA-based provider of energy efficiency-as-a-service solutions
Andreessen Horowitz	Scribe Therapeutics	$20M	CRISPR-based genetic medicine startup co-founded by Jennifer Doudna
Accel, Initialized Capital, VMG Partners, YC	Shogun	$35M	Palo Alto, CA-based e-commerce experience platform
Insight Partners, Mayfield, Trilogy Equity Partners, Shasta Ventures	Skilljar	$33M	Seattle, WA-based customer education platform
Durable Capital Partners, Greenoaks Capital, 01 Advisors	Tipalti	$150M	San Mateo, CA-based accounting automation company
BlackRock, Eldridge, Fin VC, HPE, Schonfeld Strategic Advisors, Advent International’s Sunley House, CapitalG, Goldman Sachs, Broadridge Financial Solutions, Aquiline Tech Growth	Unqork	$270M	New York-based no-code enterprise app platform
Arch Venture Partners, UCB Ventures	Walden Biosciences	$51M	Cambridge, MA-based biotech focused of kidney disease

October 14th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: September 26 – October 2, 2020

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 Fundraising	Location	Amount	Description
Advent International	Boston, MA	$2B	Seventh Latin America-focused fund
Bullpen Capital	San Francisco, CA	$130M	Fifth fund
H.I.G. Capital	Miami, FL	$1.3B	Sixth flagship fund focused on lower mid-market buyouts
SaaS Ventures	Bethesda, MD	$20M	Second fund
Silversmith Capital Partners	Boston, MA	$880M	Third fund

Private Equity Investors	Company	Amount	Description
Brand Velocity Partners	BBQGuys	Undisclosed	Baton Rouge, LA-based e-commerce site for barbeque grills and related products
Partners Group	Cote Restaurants	Undisclosed	British chain of French-style restaurants
Dyal Capital Partners	CrossHabor Capital Partners	Undisclosed	Boston, MA-based alt assets firm
The Riverside Company	G&A Partners	Undisclosed	Houston, TX-based PEO and HRO provider
Investindustrial, Black Diamond Capital	Hexion PSR	$425M	Columbus, OH-based maker of specialty phenolic resins, engineered thermoset molding compounds and formaldehyde
TA Associates	Netwrix	Undisclosed	Irvine, CA-based cybersecurity vendor
Snow Phipps	Prototek	Undisclosed	Contoocook, NH-based provider of rapid prototyping services
Roark Capital	ServiceMaster Brands	$1.1B	Memphis, TN-based provider of residential and commercial restoration and cleaning services
Mubadala	Silver Lake	Undisclosed	Menlo Park, CA and New York-based tech-focused private equity firm
Greenbriar Equity	Uber Freight	$500M	San Francisco, CA-based logistics arm of Uber Technologies

Venture Capital Investors	Company	Amount	Description
Canaan Partners, Ten Eleven Ventures, Cyberstarts	Axis Security	$32M	San Mateo, CA-based zero-trust access startup
General Catalyst, Revolution Ventures, Ludlow Ventures	Bloomscape	$15M	Detroit, MI-based online garden retailer
ACME, Blockchange, Pantera, Multicoin, Variant	Braintrust	$18M	San Francisco, CA-based freelance talent platform
Volition Capital, Egis Capital, RiverPark Ventures, Stifel Venture Bank	ButterflyMX	$35M	New York-based smart intercom developer for building tenants
Aperture Venture Partners, Arboretum Ventures, Hostplus, Life Sciences Partners, Lumira Ventures, M. H. Carnegie & Co.	Cardiac Dimensions	$17.5M	Kirkland, WA-based developer of treatments for functional mitral regurgitation
Amgen , Column Group, Horizons Ventures	Carmot Therapeutics	$47M	Berkeley, CA-based biotech focused on metabolic diseases
Red Dot Capital Partners, O.G. Tech Ventures, Aleph VC, StageOne Ventures, Janvest Capital Partners, 2B Angels	Coralogix	$25M	San Francisco, CA-based log management startup
Arch Venture Partners, Maverick Ventures, Bellco Capital, Bayer, EcoR1 Capital, Polaris Partners, Samsara BioCapital, Innovation Endeavors	Dewpoint Therapeutics	$77M	Cambridge, MA-based drug discovery startup focused on biomolecular condensates
Warburg Pincus	Facet Wealth	$25M	Baltimore, MD-based provider of financial planning benefits for employees
Lego Ventures, Sesame Workshop, 3One4 Capital, Trustbridge Partners, Interlock Partners	Homer	$50M	Menlo Park, CA-based developer of spatial proteomics
Sam Altman, Lachy Groom, Marc Benioff, Valia Ventures, Plexo Capital, Kindred Ventures	Humane	$30M	San Francisco, CA-based stealthy consumer tech startup from a pair of former iPad developer
Samsara BioCapital, Bruker Corp., Genoa Ventures, ND Capital, Paladin Partners Investments, Norwich Ventures, Vertical Venture Partners	IONpath	$18M	Menlo Park, CA-based developer of spatial proteomics
Spring Mountain Capital, McKesson Ventures, Novartis, MBX Capital, Merck, Waterline Ventures	Koneksa	$16M	New York-based developer of digital biomarkers for drug development
Pernod Ricard Group, Fat Mike, Velvet Sea Ventures	Liquid Death	$23M	Santa Monica, CA-based canned water startup
Insight Partners	PayCargo	$35M	Coral Gables, FL-based payments network for global supply chains
Upfront Ventures, Porsche Ventures, Raptor Group, Global Brain, Relay Ventures, Alexis Ohanian	Rally	$17M	New York-based fractional investing platform for unique collectibles
Ohio Innovation Fund	ScriptDrop	$15M	Columbus, OH-based prescription delivery platform
Permira, Ameriprise Financial, EDBI, Jackson Square Ventures, Lightspeed Venture Partners, T. Rowe Price	Seismic	$92M	San Diego, CA-based sales process automation company
SoftBank Vision Fund, Menlo Ventures, Bain Capital Ventures, Hyde Park Venture Partners, Hyde Park Angels, YC	ShipBob	$68M	Chicago, IL-based e-commerce fulfillment startup
GV, Juxtapose, Redpoint, Tiger Global, Zigg Capital, Good Friends	Tend	$37M	New York-based dental practice startup
Tiger Global, Lone Pine Capital, Constellation, Endeavour Catalyst, SoftBank	VTEX	$225M	New York-based provider of e-commerce solutions for retailers and brands
SoftBank, PICC Capital, Morningside VC, Tencent, Sequoia Capital China, China Life, SIG	XtalPi	$319M	Cambridge, MA-based AI-based drug molecule designer

October 6th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: September 21-27, 2020

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 Fundraising	Location	Amount	Description
Kindred Capital	London, England	£81 m	Second fund
L Squared Capital Partners	Newport Beach	$500M	Third growth equity fund
Longitude Capital	Boston, MA and Greenwich, CT	$585 m	Fourth fund

Private Equity Investors	Company	Amount	Description
KKR	1-800 Contacts	Undisclosed	Draper, Utah-based contact lens retailer
Thomas H. Lee Partners, Frazier Healthcare Partners	Adare Pharma	Undisclosed	Lawrence Township, NJ-based specialty contract development and manufacturing organization
Gridiron Capital	AML RightSource	$426.5M	Cleveland, OH-based outsourced provider of anti-money laundering and financial crime compliance software
Polaris Partners	ARInsights	Undisclosed	Florida-based provider of SaaS to the analyst relations market
Vector Capital	Patron	Undisclosed	Wexford, PA-based provider of live and virtual event technology solutions
Odyssey Investment Partners	ProPharma	Undisclosed	Overland Park, KS-based provider of compliance-related pharma services
TCG	SketchyMedical	$30M	Los Angeles, CA-based online medical education company that leverages visual memory techniques
Palladium Equity Partners	Trachte USA	Undisclosed	Oregon, WI-based provider of engineered buildings and hardware for housing electrical and other equipment
The Carlyle Group	TriNetX	Undisclosed	Cambridge, MA-based health research network
The Orogen Group	Westcor	Undisclosed	Maitland, FL-based land title insurance company
Microsoft	ZeniMax Media	$7.5B	Rockville, MD-based parent company of game publishers like Bethesda

Venture Capital Investors	Company	Amount	Description
Group 42, BP Ventures	Beyond Limits	$113M	Los Angeles, CA-based industrial AI company
T. Rowe Price, Tiger Global, NEA, Bessemer Venture Partners, Greenspring Associates	Bright Health	$500M	Minneapolis, MN-based health plan startup
Wilshire Lane Partners, Hanaco, Norwest Venture Partners, 8VC, Maveron	Common	$50M	New York-based co-living company
D1 Capital Partners	Goat	$100M	Los Angeles, CA-based online and physical reseller of collectible sneakers
Canapi Ventures, TTV Capital, Bond, DST Global, Goodwater Capital, Fin VC, Relay Ventures	Greenlight Financial	$215M	Atlanta, GA-based provider of a fintech app and debit card for kids
Goodwater Capital, Founders Fund, Floodgate, Raine Ventures	IRL	$16M	San Francisco, CA-based event discovery startup
Boehringer Ingelheim Venture Fund, Epidarex Capital, Santé Ventures, Yonjin Venture, Dolby Family Ventures, Sixty Degree Capital	Libra Therapeutics	$29M	San Diego, CA-based biotech focused on ALS and other neurodegenerative diseases
Aisling Capital, HBM Healthcare Investments, Cormorant Asset Management, GV, Amzak Health, Casdin Capital, Sixty Degree Capital, Cambridge Asset Management, NEA	Monte Rosa Therapeutics	$96M	Boston, MA-based developer of precision medicines to degrade disease-causing proteins
CapitalG, Munich Re	Next Insurance	$250M	Palo Alto, CA-based digital insurer for small businesses
FP Credit, Oak HC/FT, IA Capital Group	NextCapital	$30M	Chicago, IL-based digital service for retirement planning
Arch Venture Partners, Bluebird Ventures	Nutcracker Therapeutics	$60M	Emeryville, CA-based developer of mRNA therapeutics
Mithril Capital, Marvell, BlackRock, Fidelity, Temasek, Atlantic Bridge, Redline Capital, Capricorn Investment Group, Dell Technologies Capital, Mayfield, Nepenthe, WRVI Capital	Nuvia	$240M	Santa Clara, CA-based chip design startup
Lightspeed Venture Partners, Reach Capital, USV, SV Angel, FundersClub, YC	Outschool	$45M	San Francisco, CA-based live video platform for online classes
Samsara BioCapital, Roche Venture Fund, Medicxi, Osage University Partners	Palladio Biosciences	$20M	Horsham, PA-based drugmaker focused on orphan kidney diseases
Valar Ventures, Rosecliff Ventures, Afore Capital, RiverPark Ventures, Great Oaks VC, GR Capital, Nelstone Ventures, Abstract Ventures, Ride Ventures, Gramercy Fund, Adventure Collective, Starta Ventures	Petal	$55M	New York-based credit card startup
Josh Buckley, Sequoia Capital Global Equities, Sozo Ventures, Caffeinated Capital, KSK Angel Fund, Mistletoe Singapore, Digital Garage, Will Smith’s Dreamers, Makers Fund	Playco	$100M	Tokyo- and San Francisco-based mobile gaming startup
Andreessen Horowitz, Sequoia Capital, DST Global, Ribbit Capital, 9Yards Capital, D1 Capital Partners	Robinhood	$460M	Menlo Park, CA-based no-fee digital brokerage
Warburg Pincus	Salsify	$155M	Boston, MA-based commerce experience platform for brands
Foxconn, Corning, E Ink, GIS, MRI	SigmaSense	$22M	Austin, TX-based developer of touch screen performance tech
EcoR1 Capital, Boxer Capital, Fidelity, Nantahala Capital, RA Capital, OrbiMed, USVP, Nextech Invest, Hunt Tech Ventures, Pontifax	Silverback Therapeutics	$85M	Seattle, WA-based developer of immune-modulating drug conjugates
DST Global, Dragoneer, Franklin Templeton	SpotOn	$60M	San Francisco, CA-based provider of payments solutions for SMB
Amazon Climate Fund, Meson Capital, BMW iVentures, JLL Spark, Wind Ventures, Future Shape	Turntide Technologies	$33M	Sunnyvale, CA-based developer of “sustainable” electric motors
NEA and Meritech Capital Partners, Lightstone Ventures, Perceptive Advisors	Willow	$55M	Mountain View, CA-based maker of wearable breast pumps
Insight Partners, Silversmith Capital Partners	Within3	$100M	Lakewood, OH-based life sciences collaboration platform

September 29th, 2020|Scherzer Deal Report|

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Venture Capital

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Please visit our production website.