Venture Capital

The Scherzer Deal Report: September 11-18, 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
Black Unicorn Factory	Miami, FL	$225M	Startup accelerator
Conductive Ventures	Palo Alto, CA	$150M	Second fund
Greenfield Partners	Tel Aviv, Israel	$150M	First fund
Greylock	Menlo Park, CA	$1B	Sixteenth flagship VC fund
KKR	New York, NY	$11B	Fourth Asia-focused fund
Mantis	Silicon Valley, CA	$35M	Debut fund

Private Equity Investors	Company	Amount	Description
Nvidia	Arm	c. $40B	British chip design firm
JMI Equity	Bloomerang	Undisclosed	Indianapolis, IN-based provider of nonprofit donor management software
Peak Rock Capital	Halo Foods	Undisclosed	U.K.-based maker of cereal bars and other snacks
Highlander Partners	Hilo Nutrition	Undisclosed	Columbus, OH-based maker of pre-workout gummies
Thomas H. Lee Partners	Insurance Technologies	Undisclosed	Colorado Springs, CO-based provider of sales and regulatory automation software to the insurance and financial services industries
Oxford Properties Group, D1 Capital Partners, BentallGreenOak	Lineage Logistics	$1.6B	Colton, CA-based cold storage company
Sun Capital Partners	Mancini’s Sleepworld	Undisclosed	Livermore, CA-based mattress retailer
Warburg Pincus	MLM II	c. $1B	New York-based information services and software platform
Spectrum Equity, Blue Venture Fund, Sandbox	PWNHealth	Undisclosed	New York-based provider of diagnostic testing enablement solutions
GI Partners	Sectigo	Undisclosed	Roseland, NJ-based provider of automated digital identity management and web security solutions
The Carlyle Group	Victory Innovations	Undisclosed	Minneapolis, MN-based maker of high-tech electrostatic sprayers used to disinfect offices, airplanes, and schools
Baring Private Equity Asia	Virtusa	c. $2B	Southborough, MA-based IT consultant
KKR	Zwift	$450M	Long Beach, CA-based indoor cycling and running platform
Clearlake Capital Group	Zywave	Undisclosed	Milwaukee, WI-based SaaS provider of front office insurance solution

Venture Capital Investors	Company	Amount	Description
Merck Global Health Innovation Fund, Escalate Capital, Peloton Equity, Hamilton Lane, Flexstone Partners, Wave Equity Partners	AeroSafe Global	$47.5M	Rochester, NY-based cold-chain-as-a-service company
GIC, Durable Capital Partners, Lightspeed Venture Partners, Wellington Management, Baillie Gifford, Spark Capital, Founders Fund, Fidelity	Affirm	$500M	San Francisco, CA-based credit card alternative
Thrive Capital, D1 Capital, Benchmark, Coatue Management, Caffeinated Capital, CRV	Airtable	$185M	San Francisco, CA-based coding platform
Canapi Ventures, Felicis Ventures, Avid Ventures, Bessemer Venture Partners, Primary Venture Partners, Eniac Ventures	Alloy	$40M	New York-based identity operating system for financial services
Caisse de dépôt et placement du Québec, JPMorgan, Inovia Capital, Mithril Capital	AppDirect	$185M	San Francisco, CA-based subscription commerce platform
VenBio Partners	Attralus	$25M	San Francisco, CA-based biotech focused on systemic amyloidosis
Torch Capital, Crosscut Ventures, and individual investors	Boosted Commerce	$87M	Los Angeles, CA-based e-commerce brand portfolio
Lewis & Clark AgriFood	Brightseed	$27M	San Francisco, CA-based developer of phytonutrient discovery tech
San Francisco Equity Partners	BrüMate	$20M	Fort Lauderdale, FL-based DTC provider of insulated drinkware for adult beverages
General Catalyst, EA, PUBG, mixi, Take-Two Interactive, Ubisoft, Supercell, Riot Games, Miniclip, COLOPL, LVP, Northzone, Streamlined Ventures, Konvoy Ventures, OneTeam Ventures, Velo Partners, Golden Venture Partners, Alven Capital Partners	Bunch	$20M	New York-based party app for multiplayer games
Tritium Partners, investors Altos Ventures, Azure Capital, OATV	Chairish	$33M	San Francisco, CA-based online marketplace for home furnishings
DST Gloal, Aspect Ventures, Menlo Ventures	Chime	$485M	San Francisco, CA-based U.S. challenger bank
Georgian Partners, Bessemer Venture Partners, Insight Partners	Devo Technology	$60M	Cambridge, MA-based big data analytics platform
SanofiVentures, Cowen Healthcare Investments, Redmile Group, Perceptive Advisors, The Column Group, 5AM Ventures, Osage University Partners	Escient Pharmaceuticals	$77.5M	San Diego, CA-based biotech focused on neuro-immuno-inflammatory and autoreactive diseases
Baupost Group, Humboldt Fund, MSD Capital, MSD Partners, Octave Group, OMX Ventures, Avenir Growth Capital, OCV Partners, Shumway Capital, SIG, SymBiosis, TPTF, Willett Advisors	Finch Therapeutics	$90M	Somerville, MA-based microbiome drug development company
Versant Ventures led, and was joined by Samsara BioCapital	Graphite Bio	$45M	San Francisco, CA-based gene editing startup focused on sickle cell disease
The Column Group, Two Sigma Ventures, 8VC	Hexagon Bio	$47M	Menlo Park, CA-based synthetic biology platform
Blackhorn Ventures, Tenfore Holdings, Fontinalis Partners, Airbus Ventures, Lockheed Martin Ventures, Presidio Ventures	Humatics	$30M	Waltham, MA-based developer of microlocation sensors for industrial robots
Bain Capital Ventures, Rain Capital, LifeOmic	JupiterOne	$19M	Indianapolis, IN-based cyber asset management automation startup
Wu Capital, Qiming Venture Partners USA, Surveyor Capital, Cormorant Asset Management, MP Healthcare Venture Management, Alexandria Venture Investments, Atlas Ventures, NEA	Korro Bio	$91.5M	Cambridge, MA-based developer of RNA editing therapies
Partech, Maor Investments, YL Ventures, USVP, Blumberg Capital	Medigate	$30M	Israel and New York-based security and asset management platform for connected care
Insight Partners, Grant Verstandig, Root Ventures, Canaan Partners, DCVC, Haystack	nTopology	$40M	New York-based 3D printing platform for manufacturing
General Catalyst, Drive Capital, Ascension Ventures, Oak HC/FT, SVB Capital	Olive	$106M	Columbus, OH-based provider of health care administration automation software
Matrix Capital Management, Surveyor Capital, SR One, Pfizer Ventures, Vertex Ventures HC, Takeda Ventures, AbbVie Ventures	Palleon Pharmaceuticals	$100M	Waltham, MA-based developer of cancer checkpoint drugs
Lennertz & Co	RapidAI	$25M	San Mateo, CA-based provider of neuroimaging tech for strokes
GV, Deerfield Management, City Light Capital, Town Hall Ventures, Frist Cressey Ventures	Ready	$54M	New Orleans, LA-based provider of on-demand home health care services
Norwest Venture Partners, State Farm Ventures, Atomic, Bloomberg Beta, Costanoa Ventures	Replicant	$27M	San Francisco, CA-based developer of voice chat bots
EQT Ventures, FAM AB	Seeqc	$22.4M	Elmsford, NY-based quantum computing startup
Canaan Partners, Samsara BioCapital, The Column Group	Synthekine	$82M	Menlo Park, CA-based engineered cytokine therapeutics startup
Sapphire Sport, Shasta Ventures, Mayfield, Evolution Media, THVC, L Catterton, Delta-v Capital, Amazon Alexa Fund, Mousse Partners, and individual investors	Tonal	$110M	San Francisco, CA-based connected at-home strength and personal training platform
Truist Ventures	Veem	$31M	San Francisco, CA-based business payments network
Icon Ventures, Harpoon Ventures, Merck Global Health Innovation Fund, Lightspeed Venture Partners, YC	Volansi	$50M	San Francisco, CA-based developer of long-range delivery drones

September 22nd, 2020|Scherzer Deal Report|

The Scherzer Deal Report: August 31 to Sep 4, 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
Owl Ventures	San Francisco, CA	$585M	$415 million for its fourth early stage fund and $170 million for its first opportunity fund
Xfund	Palo Alto, CA	$120M	Third fund

Private Equity Investors	Company	Amount	Description
Thoma Bravo	Foundation Software	Undisclosed	Strongville, OH-based provider of construction accounting and payroll software
Trinity Hunt Partners	MainStreet Family Urgent Care	Undisclosed	Birmingham, AL-based urgent care provider
TCV	Oversight	Undisclosed	Atlanta, GA-based spend management platform
Providence Strategic Growth	Semarchy	Undisclosed	San Francisco, CA-based provider of master data management software
Roark Capital	US Sports Camps	Undisclosed	San Rafael, CA-based operator of over 1,200 youth sports camps across the United States

Venture Capital Investors	Company	Amount	Description
SoftBank Vision Fund 2	Biofourmis	$100M	Boston-based maker of wearable biosensors
Hollyport Capital, Providence Strategic Growth, Toba Capital, Savano Capital Partners	Conversica	$20M	Foster City, CA-based provider of intelligent virtual assistants
Tiga Investments, OTB Ventures, TDJ Pitango	Cosmose	$15M	New York-based data analytics platform for physical retail customer behavior
Partner Fund Management, OrbiMed	Erasca	$236M	San Diego, CA-based precision oncology startup
NewSpring Growth	Fashionphile	$38.5M	Carlsbad, CA-based online resale marketplace for luxury handbags and jewelry
Owl Ventures, Bain Capital Ventures, Uprising, UCSF Foundation Investment Co., Centene Corp	Hazel Health	$33.5M	San Francisco, CA-based provider of telemedicine services to public school students
Caffeinated Capital, Mubadala, Accenture Ventures, Arbor Ventures, Felicis, Ridge Ventures, Bloomberg Beta, Team Builder Ventures	InCountry	$18M	San Francisco, CA-based data residency-as-a-service startup
Stripes Group, Workday Ventures	Legion Technologies	$22M	Redwood City, CA-based workplace management platform
WestRiver Management, Bioeconomy Capital, Avista Development, Columbia Pacific	Lumen Bioscience	$16M	Seattle, WA-based developer of biologic drugs for enteric diseases
Accelmed Partners, Revelation Partners, Soleus Capital, KCK Group, OrbiMed	NeuroPace	$33M	Mountain View, CA-based developer of a neurostimulator for the treatment of focal onset refractory epilepsy
NEA, Wellington Management, Lone Pine, Glade Brook Capital, Thrive Capital, DFJ Growth, Index Ventures	Patreon	$90M	San Francisco, CA-based online patronage platform for artists
Reckitt Benckiser, The Craftory, Straus Group, Emerson Group, Sawaya Capital	Pharmapacks	$40M	e-commerce seller of health and beauty products
Felicis Ventures, Amplify Partners	PicnicHealth	$25M	San Francisco, CA-based medical records access platform
Adage Capital Management, Averill Master Fund, J.W. Childs Associates	Pyramid Biosciences	$28M	Waltham, MA-based developer of precision therapies focused on the modulation of cell surface receptors
Fidelity	Shine Medical	$80M	Janesville, WI-based medical isotopes producer
Altimeter Capital, Sutter Hill Ventures, SignalFire, Unusual Ventures	Transposit	$35M	Palo Alto, CA-based platform for helping engineers build disaster recovery runbook

September 10th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Aug 24-30, 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
March Capital	Santa Monica, CA	$60M	Gaming-focused fund

Private Equity Investors	Company	Amount	Description
KKR	Citation Group	Undisclosed	British provider of subscription-based HR/employment law and health/safety services to SMEs
Brookfield Infrastructure	Cheniere Energy	$7B	Houston, TX-based liquefied natural gas producer
MidOcean Partners	Music Reports	Undisclosed	Woodland Hills, CA-based provider of music rights data and management services
Accel-KKR	Navtor	Undisclosed	Norwegian provider of navigational software for the maritime industry
Kohlberg & Co., Mubadala Investment Co.	PCI Pharma Services	Undisclosed	Philadelphia, PA-based provider of pharma supply chain solutions
Mill Rock Capital	Trojan Lithograph	Undisclosed	Renton, WA-based maker of folding cartons and single-face laminate packaging
TPG, Warburg Pincus	Visma	Undisclosed	Norwegian enterprise software company

Venture Capital Investors	Company	Amount	Description
RA Capital Management, Lilly Asia Ventures, Boxer Capital, HBM Healthcare Investments, Qiming Venture Partners	Connect Biopharma	$115M	China and San Diego-based developer of therapies for autoimmune diseases and inflammation
Stripes Group, Tiger Global Management	Dataiku	$100M	New York-based Enterprise AI and machine learning platform
Lightspeed Venture Partners, American Express Ventures	Finix	$30M	San Francisco-based payments infrastructure platform
Bain Capital Life Sciences, Perceptive Advisors, Fidelity, Janus Henderson, Farallon Capital Management, Rock Springs Capital, Cormorant Asset Management, EcoR1, Catalio Capital, the Colorectal Cancer Alliance, RA Capital Management, T. Rowe Price, BrightEdge Ventures, Sands Capital, Andreessen Horowitz, DCVC, GV, Kaiser Permanente Ventures, Novartis, Polaris Partners, Roche Venture Fund, Soleus Capital, Section 32	Freenome	$270M	South San Francisco-based developer of early colorectal cancer testing via blood draw
Bill Gates	Kymeta	$85.2M	Redmond, WA-based developer of satellite communication antennas and systems
Addition, Adams Street Partners, Howard Schultz, Casdin Capital, Glynn Capital, Greylock Partners, IVP, Meritech Capital Partners, Providence Ventures, Tenaya Capital	Lyra Health	$110M	Burlingame, CA-based provider of mental health care benefits for employers
GMAG Holdings	Motiv Power Systems	$15M	Foster City, CA-based maker of electric truck chasses
Insight Partners, Tiger Global, Slack Fund, World Innovation Lab, Gradient Ventures	Mural	$118M	San Francisco-based provider of digital workspaces for enterprise visual collaboration
Bayer	One Drop	$34.7M	New York-based provider of digital solutions for people living with diabetes
HLM Venture Partners, Commonfund, Vivo Capital, Toba Capital, Transformation Capital, SVB	PatientPop	$50M	Santa Monica, CA-based online marketing platform for medical practice
Bain Capital Ventures, TCV, Francisco Partners, Dell Technologies Capital, Goldman Sachs, Viola Ventures	Redis Labs	$100M	Mountain View, CA-based open source database
KKR, Ten Eleven Ventures, Brian Murphy	ReliaQuest	$300M	Tampa, FL-based enterprise cybersecurity managed service and intelligence platform
Sapphire Ventures, Insight Partners	Restream	$50M	Austin, TX-based startup focused on streaming to multiple platform
Bessemer Venture Partners, Index Ventures, e.ventures, I2BF	Shopmonkey	$25M	San Jose, CA-based SaaS startup focused on auto repair shops
Sorenson Venturesled, Citi Ventures, Wells Fargo, MVB Financial, Commerce Ventures, Scale Venture Partners, Flint Capital	Socore	$35M	New York-based identity verification startup
St. Baker family office	Songtradr	$30M	Santa Monica, CA-based music licensing platform
Comcast Ventures, 01 Advisors, M12, Atlassian, ServiceNow, Accel, Lightspeed Venture Partners, Harmony Venture Partners	Split	$33M	Redwood City, CA-based feature delivery platform
Bayer, Northpond Ventures, Oceanpine Capital, Viva Biotech Holdings, Bloom Burton & Co., Centre for Commercialization of Cancer	Triumvira Immunologics	$55M	Austin, TX-based cancer therapies developer

September 1st, 2020|Scherzer Deal Report|

The Scherzer Deal Report: July 24-30, 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
Adams Street Partners	Chicago, IL	$1.1B	New private credit fund
Gallant Capital	Los Angeles, CA	$378M	Debut fund

Private Equity Investors	Company	Amount	Description
WindRose Health Investors	Caregiver	Undisclosed	Fort Worth, TX-based provider of long-term care services to people with intellectual and developmental disabilities
Gemspring Capital	Cforia Software	Undisclosed	Westlake Village, CA-based provider of order-to-cash automation software
Clayton, Dubilier & Rice	Cheney Bros	Undisclosed	Family-owned food distributor serving the Southeastern United States
Tenex Capital Management	Consolidated Label	Undisclosed	Sanford, FL-based provider of custom-printed, pressure-sensitive labels and shrink sleeves
Berkshire Partners	CrossFit	Undisclosed	Washington, DC-based fitness brand
TA Associates and Francisco Partners	Edifecs	Undisclosed	Bellevue, WA-based provider of health care IT solutions
Core Industrial Partners	Incodema	Undisclosed	Merger of Incodema – an Ithaca, NY-based precision sheet metal engineering firm, and Newchem, a Newark, NY-based photo chemical etching manufacturer
Crestview Partners	Upwell Water	Undisclosed	San Francisco, CA-based specialty finance firm focused on the water market
TowerBrook Capital Partners	Validity Finance	$100M	New York-based commercial litigation firm

Venture Capital Investors	Company	Amount	Description
MSD Partners	BioTheryX	$35M	San Diego, CA-based biotech focused on restoring protein homeostasis
Versant Ventures	Bright Peak Therapeutics	$35M	San Diego, CA-based biotech focused on chemically synthesizing and optimizing proteins
Pitango Growth, Square Peg Capital	ClimaCell	$23M	Boston, MA-based weather intelligence platform
Kleiner Perkins, 01 Advisors, Upfront Ventures, Founders Fund, Ludlow Ventures, Launch, DTA, Alex Rodriguez, LBC Ventures, Julia and Kevin Hartz, Cyan and Scott Banister	Density	$51M	San Francisco, CA-based startup that measures indoor headcount
Gilde Healthcare, Longitude Capital, NEA, the Charles and Helen Schwab Foundation, Nan Fung Life Sciences	Eargo	$71M	San Jose, CA-based medical device startup focused on hearing loss
Accel, Glilot Capital Partners, Norwest Venture Partners, Target Global	Ermetic	$17.3M	Palo Alto and Tel Aviv-based cloud access risk security startup
Zeev Ventures, Dynamic Loop, Emerge, F2 Capital	Explorium	$31M	San Mateo, CA-based data science startup
PXV Fund, Drive Capital	Forge Biologics	$40M	Columbus, OH-based viral vector gene therapy startup
Kayne Partners, 8VC, Fontinalis Partners, Revolution Ventures, Hearst Ventures, Prologis Ventures, Story Ventures, Engage Ventures	FreightWaves	$37M	Chattanooga, TN-based freight data startup
CPT Capital, WTT Investment	Geltor	$91.3M	San Leandro, CA-based animal-free “ingredients-as-a-service” startup
Humana	Heal	$100M	Los Angeles, CA-based physician house call and telemedicine platform
Canaan Partners, Stanford StartX, Root Ventures, Eclipse Ventures, First Round Capital	Instrumental	$20M	Palo Alto, CA-based computer vision startup focused on detecting manufacturing anomalies
Frazier Healthcare Partners, OrbiMed, NEA, IU PhV, BioCrossroads, Twilight Venture Partners	MBX Biosciences	$34.6M	Carmel, IN-based biotech focused on rare endocrine diseases
Argentum, Breakwater Mediant, Compo Seven Capital, Mathers Associates, First Analysis Corp	Mediant	$18.5M	New York-based investor communications platform
The Column Group, Samsara BioCapital, Euclidean Capital	Nura Bio	$73M	San Francisco, CA-based developer of neuroprotective drugs
Flagship Pioneering	Omega Therapeutics	$85M	Cambridge, MA-based epigenomics startup
Eventide Asset Management, Avoro Capital, Surveyor Capital, Point72, Cormorant, Qatar Investment Authority, Irving Investors, Adage Capital Management, Verition Fund Management, Ample Plus Fund, Vida Ventures, Novo Holdings, Blackstone Life Sciences, OCV Partners	Praxis Precision Medicines	$110M	Cambridge, MA-based biotech focused on CNS disorders
Energy Impact Partners, Paladin Capital Group, Cisco Investments	Rangeforce	$16M	Manassas, VA-based cybersecurity training startup
PayU, DN Capital, Generation Investment Management, Owl Rock Capital, Princeville, Stripes, Threshold Ventures, Top Tier Capital	Remitly	$85M	Seattle, WA-based digital remittance company
General Catalyst, The Chernin Group, FirstMark Capital, Torch, SignalFire, TQ Ventures, Initialized Capital, 3L, BoxGroup	Ro	$200M	New York-based DTC pharmacy focused on men’s health
BlackRock, Deerfield Management, Moore Capital	Sema4	$120M	Stamford, CT-based health intelligence company
GIC, Silver Lake Waterman, Andreessen Horowitz, Index Ventures, Spark Capital, USV	Stack Overflow	$85M	New York, NY-based coding Q&A site
Norwest Venture Partners, General Catalyst	Tempo	$60M	Connected home gym startup
Casdin Capital, Section 32, Bain Capital Life Sciences, Brown Advisory, Driehaus Capital, Intermountain Ventures, Janus Henderson Investors, Lux Capital, Moore Strategic Ventures, Perceptive Advisors, Rock Springs Capital, Sands Capital, T. Rowe Price	Thrive Earlier Detection	$257M	Cambridge, MA-based early cancer detection startup
Khosla Ventures, Centana Growth Partners	True Link Financial	$35M	San Francisco, CA-based provider of digital financial services targeting retirees
CoVenture, GPS Partners, Golden Ventures, Sweet Capital	Wave.tv	$32M	Los Angeles, CA-based interactive sports media platform

July 31st, 2020|Scherzer Deal Report|

The Scherzer Deal Report: July 8-14, 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
Actis	London, UK	$2.9B	Fifth renewable energy fund
DCM	Menlo Park, CA	$880M	Tenth fund
Engineering Capital	Palo Alto, CA	$60M	Third fund
Navegar	Philippines	$197M	Second fund
The Blackstone Group	New York, NY	$4.6B	Debut life sciences fund
TrueBridge Capital Partners	Chapel Hill, NC	$600M	Sixth VC fund-of-funds

Private Equity Investors	Company	Amount	Description
HgCapital	F24	Undisclosed	Pan-European emergency notification provider
Madison Dearborn Partners	Benefytt Technologies	$410M	Tampa, FL-based health insurance tech provider
Sonoma Brands	Chef’s Cut Real Jerky Co.	Undisclosed	New York-based meat snacks brand
KKR	Global Atlantic Financial Group	$4.4B	Bermuda-based retirement and life insurance company
Round Table Capital Partners	Hull & Associates	Undisclosed	Midwest and Mid-Atlantic-based environmental and engineering consultancy
KCM Capital Partners	Mason West	Undisclosed	Placentia, CA-based provider of engineered seismic restraint and vibration isolation products
H.I.G. Capital	Project Informatica	Undisclosed	Italian IT consultant
Parthenon Capital	RxSense	Undisclosed	Boston, MA-based provider of prescription savings solutions to consumers and pharmacy benefits administrators
Align Capital Partners	WilliamsMarston	Undisclosed	Boston and New York an accounting advisory and management consulting firm

Venture Capital Investors	Company	Amount	Description
T. Rowe Price, Pinnacle Bank	Apiture	$20M	Digital banking experience startup
General Atlantic	Doctor On Demand	$75M	San Francisco, CA-based virtual care provider
S2G Ventures, Cox Enterprises, Skyline Global Partners, Bunge Ventures, Finistere Ventures	Growers Edge	$40M	Johnston, IA-based provider of fintech products for farmers
Hudson Bay Capital, OrbiMed, Country Garden VC, GTJA Investment Group, Octagon Capital, Sage Partners	Harbour BioMed	$103M	Massachusetts and China-based cancer drug startup
Two Bear Capital	Inimmune	$22M	Missoula, MT-based developer of adjuvants for vaccines
Undisclosed	Karma Automotive	$100M	Reincarnation of electric carmaker Fisker Auto
General Catalyst, Khosla Ventures, Eldridge, Manta Ray Ventures, Tiny Blue Dot, Johnson	Kernel	$53M	Los Angeles, CA-based neuroscience startup
Perceptive Advisors, RRE, GV, Freemark Capital	Kindbody	$32M	New York-based provider of women’s fertility services,
Emergence Capital, TI Platform Management, Radianx Capital, Top Tier Capital, Trend Forward Capital, Initialized Capital, Providence Equity	LogDNA	$25M	Mountain View, CA-based startup focused on simplify server data logging
Volition Capital, Greycroft, Horsley Bridge, Lerer Hippeau	Medly Pharmacy	$100M	New York-based digital pharmacy
ABB Technology Ventures, NanoDimension Capital, Volta Energy Technologies, Chevron, Khosla Ventures, Prelude Ventures	Natron Energy	$35M	Santa Clara, CA-based developer of sodium-ion batteries
The Blackstone Group , Howard Schultz, Oprah Winfrey, Roc Nation, Natalie Portman, Orkila Capital, Rabo Corporate Investments	Oatly	$200M	Swedish oat milk company
Goldman Sachs Merchant Banking, Healthcare Venture Partners	Paige	$70M	New York-based computational pathology startup
CPP Investments, Temasek, Horizons Ventures	Perfect Day	$160M	Animal-free dairy
T. Rowe Price, Soros Fund Management, Fidelity, Baron Capital, Amazon, BlackRock	Rivian	$2.5B	Plymouth, MI-based electric truck-maker
TSG Consumer Partners, IVP	Robinhood	$320M	No-fee digital brokerage
Next47, Levitate Capital, NTT Docomo Ventures, Andreessen Horowitz, IVP, Playground VC	Skydio	$100M	Redwood City, CA-based autonomous drone developer
Ping An, JPMorgan, Prosperity7 Ventures, Zouk Ventures	Taulia	$60M	San Francisco, CA-based B2B payments platform
CIC Partners, Morgan Stanley Expansion Capital, Dirk Nowitzki, Kendra Scott	Tiff’s Treats	$15M	Austin, TX-based warm cookie delivery brand
Remiges Ventures, SR One, Vivo Capital, Hillsborough Venture, Correlation Ventures	Tranquis Therapeutics	$30M	San Mateo, CA-based immuno-neurology startup
TI Platform Fund, Optum Ventures, Initialized Capital, Sound Ventures	Truepill	$25M	San Mateo, CA-based digital pharmacy startup
Alkeon, Accel, Coatue, Dragoneer, IVP, Madrona Venture Group, Sequoia Capital, Tencent, Tiger Global, Wellington, T. Rowe Price	UiPath	$225M	New York-based developer of robotic process automation software
Matrix Capital Management, Surveyor Capital, Adage Capital, Cormorant Asset Management, Farallon, Foresite Capital, Janus Henderson, Logos Capital, OrbiMed, T. Rowe Price, Venrock, Viking Global Investors, Wellington Management, Arix Bioscience, Decheng Capital, Pappas Capital, Sofinnova Ventures, Takeda Ventures	VelosBio	$137M	San Diego, CA-based developer of antibody drug conjugates to treat cancers
Walgreens Boots Alliance	VillageMD	$1B	Chicago, IL-based primary health care provider
RA Capital Management, Fidelity, Pagliuca Family Office, Alexandria Venture Investments, 5AM Ventures, Johnson & Johnson Innovation, Osage University Partners, PureTech Health	Vor Biopharma	$110M	Cambridge, MA-based engineered cell therapy startup

July 17th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: June 23-29, 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.

The Scherzer Deal Report is released on Tuesdays.

PE and VC Firms Fundraising	Location	Amount	Description
1868 Ventures	Columbus, OH	$50M	Scotts Miracle-Gro launched a $50 million corporate venture arm
Addition	New York, NY	$1.3B	Debut VC fund led by ex-Tiger Global investor Lee Fixel
KKR	New York, NY	$10B	Third Asia buyout fund

Private Equity Investors	Company	Amount	Description
Ridgemont Equity Partners	American Safety Council	Undisclosed	Orlando, FL-based provider of mandatory training, education, and certification solutions to regulated end market
Charlesbank Capital Partners	Aptean	Undisclosed	Alpharetta, GA-based ERP software company
HGGC, Level Equity	Aventri	Undisclosed	Norwalk, CT-based provider of event management software
Elm Street Technology	IDX Broker	Undisclosed	Eugene, OR-based provider of real estate search applications and marketing solutions
Flagship Pioneering, Alaska Permanent Fund, Riverstone Holdings	Indigo Ag	$300M	Charlestown, MA-based developer of crop sustainability and selling solutions
Investindustrial	Knoll	$164M	East Greenville, PA-based furniture maker
The Carlyle Group	Piramal Pharma	$490M	Indian drugmaker
The Carlyle Group	Unison	Undisclosed	Dulles, VA-based provider of procurement and contract management software to federal government agencies and contractors
Bain Capital	Virgin Australia Holdings	Undisclosed	Largest Australian airline by fleet size to use the Virgin brand
Warburg Pincus	WEX Inc.	$400M	Portland, ME-based corporate credit card provider
Clearlake Capital Group	WhiteStar Asset Management	Undisclosed	Dallas, TX-based CLO specialist

Venture Capital Investors	Company	Amount	Description
5AM Ventures, venBio Partners, RA Capital Management, Medivate Partners, GC LabCell, and GC	Artiva Biotherapeutics	$78M	San Diego, CA-based developer of allogeneic natural killer cell therapies
Insight Partners, New Leaf Venture Partners, Eclipse Ventures	BrightInsight	$40M	San Jose, CA-based regulated digital health platform for biopharma and medtech
Andreessen Horowitz, Kaiser Permanente, Kinnevik, Thrive Capital, Lakestar, Founders Fund	Cedar	$102M	New York-based health care financial engagement platform
Craft Ventures, Georgian Partners	ClickUp	$35M	San Diego, CA-based project management app
Barclays, Citi, Fidelity, Goldman Sachs, J.P. Morgan, Morgan Stanley, Canaccord Genuity, Franklin Templeton, StageDotO, Shea Ventures	CMG	$25M	New York-based provider of workflow and real-time data analytics for capital markets transactions
FTV Capital	Derivative Path	$35M	San Francisco, CA-based provider of solutions for OTC interest rate derivative and for-ex transactions
Optum Ventures, Oak HC/FT, Humana, Alta Partners, Questa Capital, Echo Health Ventures	DispatchHealth	$136M	Denver, CO-based in-home health care startup
Activate Capital, Forte Ventures, Evonik VC, Kerogen Digital Solutions, High Tide Foundation, Kleiner Perkins Green Growth, Ajax Strategies, Blue Bear Capital, Schneider Electric Ventures, Honeywell Ventures, ABB Tech Ventures	Element	$18M	San Francisco, CA-based “industrial data hub”
Bill & Melinda Gates Foundation, Finistere Ventures, Novalis LifeSciences, Germin8 Ventures, TO Ventures Food, Anterra Capital, Rabo Food & Agri Innovation Fund	Enko Chem	$45M	Woburn, MA-based developer of crop protection solutions
MCIF, APF, Sayan Bioventures, BioStar Capital, Kairos Ventures, Caltech	Foldax	$20M	Salt Lake City, UT-based artificial heart valve developer
Point Ventures, Initialized Capital, Founders Fund, SaaStr, House Fund	HelloOffice	$20M	San Francisco-based commercial real estate brokerage making
Intel Capital, DFJ Growth, Dell Technologies Capital, Greycroft, Drive Capital, Citi Ventures	Immuta	$40M	Boston-based automated data governance startup
8VC, Round13 Capital, Citi Ventures, Spark Capital, ScaleUp, Slack Fund	Nylas	$25M	San Francisco, CA-based provider of communications APIs for developers
Wafra, Breyer Capital, LiveOak Venture Partners, Royal Bank of Canada, Northwestern Mutual Future Ventures	OJO Labs	$62.5M	Austin, TX-based maker of an AI assistant for the real estate industry
Obvious Ventures, Gradient Ventures, Point Judith Capital	Openly	$15M	Boston, MA-based homeowners insurance platform
Fin VC, Tribe Capital, Uncorrelated Ventures, Lachy Groom, Anthemis, Craft Ventures, Fika Ventures, MaC Ventures	Pipe	$60M	Los Angeles, CA-based SaaS subscription financing platform
Andreessen Horowitz, Accel, 468 Capital, Basis Set Ventures, Mango Capital	Rasa	$26M	San Francisco, CA-based chatbots platform
Arch Venture Partners, Flagship Pioneering, CPPIB, Baillie Gifford, F-Prime Capital, Alaska Permanent Fund, PSP Investment Board, Bezos Expeditions, GV, Omega Funds, Altitude Life Science Ventures	Sana Biotechnology	$700M	Seattle, WA-based gene regulation startup
Providence Strategic Growth	SevenRooms	$50M	New York-based provider of hospitality guest management software
WuXi AppTec, Sequoia Capital China, Connecticut Innovations	Simcha Therapeutics	$25M	New Haven, CT-based developer of drugs to modulate cytokine pathways
Longitude Capital, Optum Ventures, Deerfield Management, Blue Venture Fund, Flare Capital, Town Hall Ventures	Somatus	$64M	McLean, VA-based provider of kidney disease diagnostics
Fidelity, Westcap, Inovia Capital, Greenoaks, Spark Capital, Greylock, Valor Equity, Tao Capital, Atreides Capital, Lennar	Sonder	$170M	hotel and short-term apartment rental platform
Guggenheim Partners, UC Investments, Elisabeth Murdoch, SC Holdings	SpringHill	$100M	new media company co-founded by LeBron James and Maverick Carter
Recruit Strategic Partners, Flourish Ventures, Loeb Enterprises, Propel Venture Partners, CMFG Ventures	Steady	$15M	Atlanta, GA-based startup that helps low- and mid-wage workers earn more money
Sapphire Ventures, GV, Ventures, Kleiner Perkins, DCM, Resolute Ventures	UJet	$55M	San Francisco, CA-based provider of cloud customer support software

June 30th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: June 16-22, 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.

The Scherzer Deal Report is released on Tuesdays.

PE and VC Firms Fundraising	Location	Amount	Description
Ares Management	Los Angeles, CA	$3.5B	Special opportunities fund
Corten Capital	London, UK	€392M	Debut fund by Warburg Pincus vets Simon Begg and Joseph Schull
FirstMark Capital	New York, NY	$380M	Fifth early stage fund
FirstMark Capital	New York, NY	$270M	Third opportunities fund
FTV Capital	San Francisco, CA	$1.2B	Sixth growth equity fund
Grishin Robotics	Menlo Park, CA	$100M	New fund
Osceola Capital	Tampa, FL	$125M	Debut fund
The Sterling Group	Houston, TX	$2B	Fifth fund

Private Equity Investors	Company	Amount	Description
Paine Schwartz Partners	AgroFresh Solutions	Undisclosed	Philadelphia, PA-based company focused on extending the shelf-life of produce and flowers
Durable Capital Partners, Fidelity, T. Rowe Price	DoorDash	$400M
AE Industrial Partners	NuWave	Undisclosed	McLean, VA-based provider of data management and other tech solutions to the federal government
Accel-KKR	PINC	Undisclosed	Union City, CA-based provider of supply chain management software for yard operations

Venture Capital Investors	Company	Amount	Description
Blue Venture Fund, CRV, .406 Ventures, Horizon Healthcare Services, Echo Health Ventures	Abacus Insights	$35M	Boston, MA-based data integration and interoperability platform for health plans and providers
Point72 Ventures, High Alpha Capital, Republic Labs, Oakridge, Peak State	Botkeeper	$25M	Boston, MA-based bookkeeping company
Andreessen Horowitz, Comcast Ventures, Trinity Ventures	Brightside	$35M	financial care platform for employers
Coatue, Insight Partners, DST Global, Blossom Capital, GIC	Checkout.com	$150M	London-based payments platform
Bain Capital Ventures, Accel, Greylock	Clockwise	$18M	San Francisco, CA-based smart calendar startup
Insight Partners, Salesforce Ventures, Lead Edge Capital, ISAI Cap Venture, Perpetual Investors	Copado	$26M	Chicago, IL-based DevOps platform for Salesforce
BlackRock	Credo	$100M	San Jose, CA-based chipmaker
Owl Ventures	Degreed	$32M	San Francisco, CA-based upskilling platform
Sozo Ventures, Alpha Intelligence Capital, Toyota AI Ventures, Micron Ventures, Presidio Ventures, Hella Ventures, Emergence Capital, Benhamou Global Ventures, Andreessen Horowitz	Drishti Technologies	$25M	Mountain View, CA-based provider of video analytics for the factory floor
Blumberg Capital, QED Investors, FJ Labs, Correlation, Moderne, 7BC, Interplay	EasyKnock	$20M	New York-based residential sale and lease-back platform
L Catterton	Hydrow	$25M	Cambridge, MA-based maker of connected rowing machines
Optum Ventures, Idinvest, capital300, Balderton Capital, Heartcore Capital, Symphony Ventures	Kaia Health	$26M	New York-based digital therapeutics startup
Credit Suisse Asset Management’s NEXT Investors	MayStreet	$21M	New York-based market data infrastructure platform
Atomico, Glynn Capital, Dawn Capital, Nauta Capital, Slack Fund	Onna	$27M	Barcelona and New York-based knowledge integration platform
Kleiner Perkins, Upfront Ventures	Open Raven	$15M	Los Angeles, CA-based data security platform
Lightspeed Venture Partners, 8VC, DCVC Bio, ND Capital, Mubadala, Kaiser Foundation Hospitals, Kaiser Permanente, IMRF	Orca Bio	$192M	Menlo Park, CA-based developer of allogeneic cell therapies
Sands Capital, Salesforce Ventures, Operator Collective, Lone Pine Capital, Spark Capital, Meritech Capital Partners, Trinity Ventures, Mayfield, Sapphire Ventures	Outreach	$50M	Seattle, WA-based provider of sales tools
Sompo Japan Nipponkoa	Palantir	$500M	Palo Alto, CA-based big data analytics company
Apax Digital	Payfone	$100M	New York-based mobile ID company
DCVC, Bold Capital Partners, Alan Frazier	Proprio	$23M	Seattle, WA-based surgical navigation startup
Volkswagen	QuantumScape	$200M	San Jose, CA-based developer of solid-state batteries
Tenaya Capital	Salt Security	$20M	Palo Alto, CA-based API security startup
Redmile Group, Janus Henderson Investors, Fidelity, EcoR1 Capital, Hatteras Venture Partners, Avidity Partners, Partner Fund Management, Emerson Collective, Piper Sandler & Co.	Shattuck Labs	$118M	Austin, TX and Durham, CA-based cancer and inflammatory disease biotech
Coatue Ventures, Index Ventures	Starburst	$42M	Boston, MA-based SQL query engine
Gradient Ventures and GGV Capital	Streamlit	$21M	San Francisco, CA-based model comparison tool for machine learning development
Sapphire Ventures, Comcast Ventures, ForgePoint Capital	Uptycs	$30M	Waltham, MA-based provider of SQL-powered security analytics
Energy Impact Partners, Piva, Salesforce Ventures, National Grid Partners	Urbint	$20M	New York-based provider of field safety information for utilities
BlackRock, Duke Energy, Breakthrough Energy Ventures, Material Impact Fund	Zero Mass Water	$50M	Scottsdale, AZ-based developer of hydropanels for drinking water
Access Industries, 83North, Battery Ventures, Harmony Partners, IVP, RTP Ventures, USVP	Zerto	$33M	Boston, MA-based IT resilience startup
Khosla Ventures, Cervin Ventures	Zycada	$19M	Campbell, CA-based developer of a bot to speed up e-commerce experiences

June 22nd, 2020|Scherzer Deal Report|

The Scherzer Deal Report: June 10-15, 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.

The Scherzer Deal Report will be released on Tuesdays.

PE and VC Firms Fundraising	Location	Amount	Description
Matrix Partners China	Hong Kong	$750M	Sixth Fund

Private Equity Investors	Company	Amount	Description
Kayne Anderson Rudnick Investment Management, Whale Rock Capital Management, Apax Partners, Dragoneer, Insight Partners, Temasek, Neuberger Berman	Duck Creek Technologies	Undisclosed	Boston, MA-based provider of insurance industry SaaS
Searchlight Capital Partners	Global Risk Partners	Undisclosed	British independent insurance intermediary
Iconiq Capital	QGenda	Undisclosed	Atlanta, GA-based provider of workforce management SaaS for the health care industry

Venture Capital Investors	Company	Amount	Description
Andreessen Horowitz, Costanoa Ventures	Alpha Health	$20M	South SF-based unified automation startup focused on health care
ATON Partners, Perceptive Advisors	CereVasc	$44M	Boston, MA-based biotech focused on hydrocephalus
Decheng Capital, Foresite Capital, Madrone Capital Partners, Johnson & Johnson Innovation, ACME Capital	Cue Health	$100M	San Diego, CA-based portable diagnostics lab
Highland Capital Partners, Highland Europe, Dell Technologies Capital, Sequoia Capital, Coatue Management	Domino Data Lab	$43M	San Francisco, CA-based enterprise data science management platform
Brandon Capital Partners, Santé Ventures	Glyscend Therapeutics	$20.5M	Baltimore, MD-based developer of oral treatments for Type 2 diabetes
BlueRun Ventures, Assurant Growth Investing, Leap Global Partners, Correlation Ventures, H.Barton Asset Management, Expa, Montage Ventures, RIT Capital	Haus Services	$16M	San Francisco, CA-based provider of homeowner liquidity solutions
Viking Global Investors	HeadLight	$25.6M	Seattle, WA-based developer of photo-based inspection tech
DST Global, General Catalyst, D1 Capital Partners	Instacart	$225M	San Francisco, CA-based grocery delivery company
Nexus Venture Partners, Rebright Partners, W250 Venture Fund, individual angels	Jiffy.ai	$18M	Palo Alto, CA-based enterprise automation startup
Francisco Partners	Kyruus	$30M	Boston, MA-based provider of search and scheduling software for health systems
Versant Ventures	Lycia Therapeutics	$50M	Bay Area biotech startup focused on protein degradation
Left Lane Capital, Jump Capital, Clocktower Technology Ventures	M1 Finance	$33M	Chicago, IL-based automated money management platform
Lightspeed Venture Partners, AXA Venture Partners	NS8	$123M	Las Vegas, NV-based provider of online fraud prevention solutions for merchants
Andreessen Horowitz, F-Prime Capital, GV, Transformation Capital	PatientPing	$60M	Boston, MA-based provider of health care coordination software
Team8 Capital, Viola FinTech, Arbor Ventures, Nationwide, Hannover Digital Investments	Planck	$16M	New York-based data platform for insurance underwriting
Insight Partners, CRV, Nexus Venture Partners	Postman	$150M	San Francisco, CA-based platform for API development
Transformation Capital, C5 Capital, Laerdal Million Lives Fund	RapidSOS	$21M	New York-based startup that provides data for emergency response situations
CRV,Tiger Global, the San Francisco 49ers, Charles Phillips, Trinity Ventures, 645 Ventures, Comcast Ventures, YC	Squire Technologies	$27M	New York-based provider of barbershop management and point-of-sale software
Index Ventures, Accel, South Park Commons	Transcend	$25M	San Francisco, CA-based provider of a data privacy infrastructure
GV, Arch Venture Partners, F-Prime, Casdin Capital	Verve Therapeutics	$63M	Cambridge, MA-based developer of cardiovascular therapies
Griffin Gaming Partners, NTT DoCoMo Ventures, Avex, Superfly Ventures, Convivialite Ventures, Raised in Space	Wave	$30M	Austin, TX-based virtual concert company that facilitates live music in virtual settings+A7:D28

June 15th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: June 4-9, 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.

Effective June 10, 2020 The Scherzer Deal Report will be released on Wednesdays.

PE and VC Firms Fundraising	Location	Amount	Description
Atlas Venture	Cambridge, MA	$400M	Twelfth fund
Balbec Capital	New York, NY	$1.2B	Fourth global credit fund
Mercato Partners	Salt Lake City, UT	$90M	Fund focused on restaurants
Meritech Capital Partners	Palo Alto, CA	$800M	Seventh later-stage VC fund
Petra Capital Partners	Nashville, TN	$208M	Fourth private equity fund
Wing VC	Palo Alto, CA	$450M	Third early stage fund

Private Equity Investors	Company	Amount	Description
Silversmith Capital Partners	Appfire	$49M	Boston, MA-based provider of apps for software development teams
Blue Sage Capital	Barricades Unlimited	Undisclosed	Lubbock, TX-based provider of traffic control, pavement markings, guardrail installation equipment and services
Brynwood Partners	Buitoni	Undisclosed	North American division of Italian pasta brand

Venture Capital Investors	Company	Amount	Description
Perceptive Advisors, RTW Investments, Viking Global Investors, Venrock, Franklin Templeton, Rock Springs Capital, LifeSci Venture Partners, Surveyor Capital, Highside Capital Management, Logos Capital, Janus Henderson Investors, Sofinnova, Avidity Partners, Sahsen Ventures	Athira Pharma	$85M	Seattle, WA-based regenerative medicine startup focused on neurological diseases
Valor Equity Partners, Rockwell Automation, Inc., ABB Technology Ventures, Atreides Managemen	Atom Power	$17.75M	Charlotte, NC-based digital circuit breaker
UBS, J.P. Morgan, Barclays	Cloud9 Technologies	$17.5M	New York-based trader collaboration and analytics platform
MPM Capital, F2 Ventures	Cullinan Oncology	$98.5M	Cambridge, MA-based developer of cancer drugs
Perceptive Advisors, Northpond Ventures, GV, Foresite Capital, TPG Capital, First Round Capital	DNAnexus	$100M	Mountain View, CA-based provider of biomedical informatics and data management
Yonjin Venture, Varian Medical Systems, J&J, Venture Investors, Lumira Ventures, State of Wisconsin Investment Board	HistoSonics	$40M	Plymouth, MN-based developer of noninvasive robotic platform and sonic beam therapy
Bessemer Venture Partners, Tiger Global Management, Stripes, FirstMark Capital, Battery Ventures, Felicis Ventures, 3KVC, Gaingels, Penna & Co.	Hyperscience	$60M	New York-based data automation startup
Insight Partners	Inky	$20M	College Park, MD-based anti-phishing startup
Goldman Sachs	jSonar	$50M	Waltham, MA-based database security startup
Edison Partners	Superpedestrian	$15M	Boston, MA-based scooter fleet developer
Saudi Aramco, BECO Capital, Cue Ball Group	Wahed Invest	$25M	New York-based online Islamic investment platform
8VC, WiPro, Lightspeed Venture Partners, Dell Technologies Capital	Yugabyte	$30M	Sunnyvale, CA-based developer of open-source distributed SQL databases

June 10th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: May 27 – June 3, 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
Ardian	Paris, France	$19B	Eighth private equity secondaries and co-investments funds
Francisco Partners	San Francisco, CA	$7.45B	Sixth flagship buyout fund
Francisco Partners	San Francisco, CA	$1.5B	Second mid-market fund
Francisco Partners	San Francisco, CA	$750M	Opportunistic credit fund
KKR	New York, NY	$4B	Dislocation fund
MassMutual Ventures	Springfield, MA	$100M	Third fund

Private Equity Investors	Company	Amount	Description
Shamrock Capital	Adweek	Undisclosed	New York-based ad industry publication
GTCR	Captrust Financial Advisors	Undisclosed	Raleigh, NC-based registered investment advisor
Osceola Capital	Central Medical Group	Undisclosed	Flanders, NJ-based provider of outsourced equipment management solutions for hospices
AE Industrial Partners	Deep Space Systems	Undisclosed	Boca Raton, FL-based provider of payloads, systems, and components to the space industry
Thoma Bravo	Exostar	Undisclosed	Herndon, VA-based information-sharing platform for highly-regulated industries
The Carlyle Group and T&D Holdings	Fortitude Group Holdings	$2.2B	US-based reinsurer
Wellspring Capital Management	Steele Solutions	Undisclosed	Franklin, WI-based provider of steel infrastructure for distribution, warehouse, and manufacturing facilities
LLR Partners	TrueLearn	Undisclosed	Mooresville, NC-based provider of online study tools for medical licensing
H.I.G. Capital	USALCO	Undisclosed	Baltimore, MD-based provider of clean water and alumina cemical solutions

Venture Capital Investors	Company	Amount	Description
Goldfinch Partners	Vesta	$125M	Lake Oswego, OR-based fintech pioneer in fraud protection and fully guaranteed payment technologies
Alkeon, Spark Capital, Lux Capital, Iconiq Capital, Thrive Capital, Benchmark	Benchling	$50M	San Francisco, CA-based life sciences R&D cloud platform
Abbot Labs, Smile Group, Quadrant Capital Advisors, Senvest Capital, Janus Henderson, Cormorant Asset Management	Bigfoot Biomedical	$55M	Milpitas, CA-based developer of digital therapies for diabetes
FirstMark Capital, Accomplice, Seedcamp, Credo Ventures, Founders Future, LDV Capital	Ezra	$18M	New York-based provider of early cancer screening solution
Illumina, General Atlantic, Viking Global Investors	Gingko Bioworks	$70M	Boston, MA-based DNA design startup that is working on large-scale COVID-19 testing
Zebra Technologies	Locus Robotics	$40M	Wilmington, MA-based developer of autonomous mobile robots for e-commerce fulfillment warehouses
Sequoia Capital and Kleiner Perkin	Loom	$23M	San Francisco, CA-based video enterprise collaboration platform
CAM Capital, Samsara BioCapital, BVF Partners, Adams Street Partners, Opaleye Management, Ligand Pharma, Agent Capital, BioAdvance, Nolan Capital	Palvella Therapeutics	$45M	Wayne, PA-based biotech focused on rare genetic diseases without approved treatments
Artis Ventures	Tae Life Sciences	$30M	Foothill Ranch, CA-based radiation therapy startup
Threshold Ventures, Acme Ventures, Define Homebrew, Compound, John Doerr	Tia Health	$24M	San Francisco, CA-based provider of women’s telehealth and clinical services
Finistere, Origin Ventures	Tovala	$20M	Chicago, IL-based smart oven and meal service startup
Silver Lake, Riverwood Capital, Level Equity	Vacasa	$108M	Portland, OR-based vacation rental management platform
Lux Capital	Varient Bio	$16M	New York-based biotech that studies “the genes of people from understudied populations who are outliers for medically relevant traits,”
Gallatin Point Capital, The Rise Fund, TPG, Bono, Jeff Skoll, HarbourVest Partners, Progressive Insurance	Varo Money	$240M	San Francisco, CA-based mobile banking app

June 5th, 2020|Scherzer Deal Report|

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Venture Capital

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Please visit our production website.