Venture Capital

The Scherzer Deal Report: March 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
Cold Bore Capital	Chicago, IL	$200M	Second fund
Commonfund Capital	Wilton, CT	$300M	Third emerging markets fund-of-funds
Congruent Ventures	San Francisco, CA	$125M	Second fund
Form Capital	Hamilton, Bermuda	$25M	Debut fund
Greycroft	New York, NY	$400M	Third growth fund

Private Equity Investors	Company	Amount	Description
Hellman & Friedman	Checkmarx	Undisclsoed	Paramus, NJ-based provider of software security solutions for DevOps
Advent International	Conservice	Undisclsoed	Logan, UT-based provider of utility management software and billing solutions to property owners and managers
AE Industrial Partners	G.S. Precision	Undisclsoed	Brattleboro, VT-based maker of high-precision machined components and complex assemblies
Agilitas	Learning Curve Group	Undisclsoed	British upskilling company
Monomoy Capital Partners	Mac Papers	Undisclsoed	Jacksonville, FL-based distributor of paper, packaging, wide format and envelope products
TSG Consumer Partners	Pathway Vet Alliance	$2.65B	Austin, TX-based veterinary clinic chain
Serent Capital	SHR	Undisclsoed	Houston, TX-based central reservation system for hotels
Colfax Creek Capital	Traverse City Products	Undisclsoed	Traverse City, MI-based provider of supplier of custom roll-formed and stamped metal products

Venture Capital Investors	Company	Amount	Description
Accel, Bessemer Venture Partners, FirstMark, Version One, Leaders Fund, Burst Capital	Ada	$44M	Toronto, Canada-based developer of customer service chatbots
Ten Eleven Ventures, Cyberstarts	Axis Security	$17M	San Mateo, CA-based private app access startup
UnityPoint Health Ventures, Well Ventures	B.well Connected Health	$16M	Baltimore, MD-based digital health engagement platform
The Column Group, Nextech Invest, ShangPharma, LifeForce Capital, Berkeley Catalyst Fund	Circle Pharma	$45M	South San Francisco, CA-based developer of cell-permeable macrocyclic peptide therapeutics
Lyell Immunopharma	Eureka Therapeutics	$45M	Emeryville, CA-based developer of T-cell therapies for solid tumors
MSD Partners, F1 BioVentures	Exuma Biotech	$19M	West Palm Beach, FL-based developer of CAR-T therapies for solid and liquid tumors
Franklin Templeton Investments, T. Rowe Price, Geodesic Capital, GGV Capital, Mayfield, IVP, Redpoint Ventures, True Ventures	HashiCorp	$175M	San Francisco, CA-based provider of multi-cloud automation software
Mirae Asset Global Investments, Mindy Kaling, Peter Jackson, Horizons Ventures, Khosla Ventures, Temasek	Impossible Foods	$500M	Redwood City, CA-based maker of plant-based protein products
Summit Partners	NinjaRMM	$30M	San Francisco, CA-based provider of remote monitoring and endpoint management software
Foundation Capital, Core Innovation Capital, Obvious Ventures	One	$17M	San Francisco, CA-based digital banking startup
Forerunner Ventures, Gradient Ventures, Square	Oura	$28M	San Francisco, CA-based maker of a sleep-tracking device
Scale Venture Partners, SVB, West Ventures, Kleiner Perkins, YC	Proxy	$42M	San Francisco, CA-based Bluetooth ID startup
Telstra Ventures, Mayfield, Nexus Venture Partners, GRC SinoGreen, F&G Ventures	Rancher Labs	$40M	Cupertino, CA-based Kubernetes management platform
Greycroft, e.ventures, Franklin Templeton, Adams Capital Management, FJ Labs	RoadRunner Recycling	$28.6 m	Pittsburgh, PA-based recyclying company
D1 Capital Partners	Sight Sciences	$30M	Menlo Park, CA-based developer of ophthalmology and optometry device
CPP Investments, Longevity Vision Fund, BlackRock, Flagship Pioneering	Sigilon Therapeutics	$80.3M	Cambridge, MA-based cell therapy startup
Baillie Gifford, Franklin Templeton, NEA, Novo Holdings, T. Rowe Price	Tempus	$100M	Chicago, IL-based precision medicine company
Insight Partners, Accel, OpenView, Greenspring Associates	UserTesting	$100M	San Francisco, CA-based user experience testing platform
Wing VC, Greylock Partners, Sallyport Investments	Validere	$15M	Houston, TX-based informatics platform for energy companies
First Analysis, Blue Heron Capital, UnityPoint Health Ventures, Next Level Ventures, Chartline Capital Partners, Rural Vitality Fund, Rittenhouse Ventures, Iowa First Capital Fund, The Angels’ Forum	VIDA Diagnostics	$11M	Coralville, IA-based provider of lung imaging analytics

March 20th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: March 4-11, 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
Frontline Ventures	Dublin and London	$80M	New fund
Felicis Ventures	Palo Alto, CA	$510M	Seventh early-stage fund
New Enterprise Associates	Chevy Chase, MD	$3.6B	Seventeenth venture capital fund
Serent Capital	San Francisco, CA	$750M	Fourth fund

Private Equity Investors	Company	Amount	Description
CIP Capital	3Pillar Global	Undisclosed	Fairfax, VA-based software product development firm
Susquehanna Growth Equity	Clutch Co	Undisclosed	Washington, DC-based B2B ratings and reviews platform for IT, marketing, and biz services providers
New Heritage Capital	DeWinter Group	Undisclosed	San Francisco, CA-based provider of temporary and permanent staffing solutions with a focus on finance, accounting, and IT
Shoreline Equity Partners	Engelman Baking Co	Undisclosed	Norcross, VA-based wholesale bakery focused on breads and rolls
The Blackstone Group	HealthEdge	$700M	Burlington, MA-based provider of core administrative processing systems for health care businesses
Bessemer Investors	Leonard Valve Co.	Undisclosed	Cranston, RI-based maker of water temperature control valves and monitoring devices
Marlin Equity Partners	Lifesize	Undisclosed	Austin, TX-based provider ofv ideo collaboration and meeting productivity solutions
The Riverside Company	National Flavors	Undisclosed	Kalamazoo, MI-based maker of flavors for use in beverages and foods
Excellere Partners	ParcelShield	Undisclosed	Redmond, OR-based provider of predictive parcel tracking and engagement software for health care clients
Battery Ventures	WinWorker	Undisclosed	German provider of business management software and mobile tools for SME craftsmen

Venture Capital Investors	Company	Amount	Description
Bain Capital Ventures, First Round Capital, BoxGroup	Airbase	$23.5M	San Francisco, CA-based spend management platform
Blue Cloud Ventures, Stereo Capital, Delta-v Capital, NextEquity Partners	Arctic Wolf	$60M	Sunnyvale, CA-based security operations center-as-a-service company
Hummingbird Ventures, NeoTribe Ventures	BillionToOne	$15M	Menlo Park-based diagnostics company that uses maternal blood to discover genetic disorders in fetuses
Viking Global Investors, PeakSpan Capital, Recruit Co., Ltd., Counterpart Ventures, Cultivation Capital	Cloudbeds	$82M	San Diego, CA-based provider of hospitality management solutions
Celeres Investments, Engage, AI List Capital	Deep North	$25.7M	Foster City, CA-based video analytics startup
Five Elms Capital, Beringea	DeepCrawl	$19M	New York-based technical SEO platform
CapitalG, Menlo Ventures, Andreessen Horowitz, K9 Ventures	Everlaw	$62M	Oakland, CA-based cloud e-discovery and litigation platform
T. Rowe Price, Durable Capital Partners	HaulHub	$30M	Boston, MA-based heavy construction logistics startu
Oberndorf Enterprises	Human Interest	$40M	San Francisco, CA-based provider of 401(k)s for small and mid-sized businesses
Evolution VC Partners	Hungry	$20M	Catering marketplace that connects businesses with independent chefs
BVF, Redmile Group, Wellington Management Co., Bain Capital Life Sciences, Janus Henderson, BlackRock, Rock Springs Capital	Kymera Therapeutics	$102M	Cambridge, MA-based biotech focused on protein degradation
Dell Technologies Capital, Bain Capital Ventures, Blue Cloud Ventures, Greylock Partners, IBM, Intel, Juniper Networks, Shasta Ventures	Lightbend	$25M	San Francisco, CA-based creator of a reactive architecture platform
IVP, Meritech Capital Partners, Casdin Capital, Crown Venture Fund, Glynn Capital, Greylock Partners, Providence Ventures, Tenaya Capital, Venrock	Lyra Health	$75M	Burlingame, CA-based behavioral health tech company
Health Catalyst Capital, Horizon BlueCross BlueShield of New Jersey, Goodwater Capital, NEA, Lux Capital, Three Fields Capital, SVB	Pager	$33M	New York-based virtual health care companion
General Catalyst, LionBird, North Coast Ventures	Remesh	$25M	New York-based research platform
Deerfield Management, Optum Ventures, HLM Venture Partners, Waterline Ventures, Heritage Provider Network	RubiconMD	$18M	New York-based e-consultant for specialist health care
USVP, Nextech Invest, Hunt Investment Group, Pontifax, Colt Ventures, NS Investment, OrbiMed, Bristol-Meyers Squibb, Alexandria Venture Investments	Silverback Therapeutics	$78.5M	Seattle, WA-based developer of immune-modulating drug conjugate
Almanac Insights, KarpReilly, Prolong Ventures, VMG Partners	Spindrift	$29.8M	Charlestown, MA-based maker of sparkling waters and seltzers
01 Advisors, Dragoneer, Franklin Templeton, EPIQ Capital Group	SpotOn	$50M	San Francisco, CA-based provider of point-of-sale payment solutions
e.ventures, Bertelsmann, Andreessen Horowitz, Axel Springer, the Blackstone Group, Breyer Capital, CrunchFund, Dawn Capital, Goodwater Capital, Greycroft, Greylock, Kleiner Perkins, NEA, Stereo Capital, Foxhaven Asset Management	Zumper	$60M	San Francisco, CA-based property rental platform

March 13th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Feb 26 – March 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
Corsair Capital	New York, NY	$1B	Fifth private equity fund
Fifth Wall Ventures	Los Angeles, CA	$100M	Fifth Wall Ventures Retail Fund
Lakestar	Zurich, Switzerland	$735M	European investment funds
M33 Growth	Boston, MA	$260M	Second fund
MPM Capital	Boston, MA	$100M	MPM Oncology Innovations Fund (INV)
QED Investors	Alexandria, VA	$350M	Sixth fund
Ridgewood Infrastructure	New York, NY	$600M	Debut private equity fund
Speedinvest	Vienna, Austria	€190 m	Third pan-European VC fund
Ubiquity Ventures	Palo Alto, CA	$40M	Second fund

Private Equity Investors	Company	Amount	Description
Regions Bank	Ascentium Capital	Undisclosed	Kingwood, TX-based equipment finance lender
The Blackstone Group	Dealpath	Undisclosed	San Francisco, CA-based provider of real estate investment and portfolio management software
Warburg Pincus	Delta Midstream	Undisclosed	Houston, TX-based midstream energy company focused on multiple basins
Prospect Hill Growth Partners	Fitness Ventures	Undisclosed	Orlando, FL-based franchisee of Crunch Fitness gyms
Nautic Partners	Harrington Industrial Plastics	Undisclosed	Chino, CA-based distributor of industrial plastic piping
The Blackstone Group	NRStor	Undisclosed	Toronto-based developer of battery storage solutions
Odyssey Investment Partners	NSi Industries	Undisclosed	Huntersville, NC-based provider electrical connectors and wire management products
Highview Capital, Firstlight Media	Quickplay	Undisclosed	Toronto, Canada-based provider of managed solutions for distributing video content to IP-connected devices
Francisco Partners	Smith Technologies	Undisclosed	Spartanburg, SC-based developer of community pharmacy and long-term care technology
Charlesbank Capital Partners	World Insurance Associates	Undisclosed	Tinton Falls, NJ-based insurance brokerage

Venture Capital Investors	Company	Amount	Description
Pivotal bioVenture Partners, Cormorant Asset Management, Cowen Healthcare Investments, EcoR1 Capital, Fidelity, Polaris, Pagsgroup, Surveyor Capital, Wu Capital, 5AM Ventures, NEA, Novartis, Partners Innovation Fund, RA Capital Management, Sofinnova Investments	Akuous	$105M	Boston, MA-based gene therapy startup focused on hearing loss
Fidelity, T-Rowe Price, Durable Capital Partners	Alignment Healthcare	$135M	Orange, CA-based Medicare Advantage insurer
Omega Funds, Longitude Capital, Redmile Group, Polaris Partners, Casdin Capital, Two River, Venrock, Delian Capital, Frazier Healthcare Partners	Amunix Pharmaceuticals	$73M	Mountain View, CA-based developer of T-cell engagers for treating solid tumors
Oak HC/FT, .406 Ventures, BlueCross BlueShield Venture Partners, Sandbox Advantage Fund	AxialHealthcare	$15M	Nashville, TN-based healthcare optimization startup focused on substance use issues
Rokk3r Fuel	Bolt Mobility	$30M	Miami Beach, FL-based electric scooter company co-founded by Olympic sprinter Usain Bolt
Summit Partners	Brooklinen	$50M	Brooklyn, NY-based e-commerce company for bedding and home goods
JLL Technologies	Eden	$29M	San Francisco, CA-based office management services platform
Deerfield Healthcare, Qiming Venture Partners US, Cormorant Asset Management, Invus Opportunities, Third Rock Ventures, GV	Element Science	$146M	San Francisco, CA-based developer of wearable cardioverter defibrillators
Mercato Partners, Napier Park Financial Partners, Comcast Ventures, Blumberg Capital, Stereo Capital, Runa Capital	Lendio	$55M	Lehi, UT-based small business loans marketplace
M33 Growth	Mize	Undisclosed	Temple Terrance FL-based customer experience platform for manufacturers
Arrowroot Capital	mParticle	$45M	New York-based consumer data platform
EQT Ventures, Preston-Werner Ventures, Andreessen Horowitz, Kleiner Perkins	Netlify	$53M	San Francisco, CA-based web development platform
Novartis, Redmile Group, Farallon Capital Management, Cormorant Asset Management, Surveyor Capital, Logos Capital, Eventide Asset Management, Cowen Healthcare Investments, Schroder Adveq, Menlo Ventures, SCubed Capital, Agent Capital	Pliant Therapeutics	$100M	San Francisco, CA-based developer of fibrosis treatments
Rokk3r Fuel	PredaSAR	$25M	Boca Raton, FL-based developer of a synthetic aperture radar satellite constellation
Bessemer Venture Partners, Vy Capital, Andreessen Horowitz, YC, DCVC, FF Science, AME Cloud Ventures, Morado Ventures, WTI	Rigetti Computing	$71M	Berkley, CA-based developer of quantum computing for AI and computational chemistry
Susquehanna International Group, Morningside Group, SMiT, Palm Commerce Holdings Co., Chariot Gold, SV Tech Ventures, Innolinks Ventures	Sensel	$22M	Sunnyvale, CA-based developer of pressure-sensitive touchpad devices
Craft Ventures, Redpoint Ventures, Goldcrest Capital	Sourcegraph	$23M	San Francisco, CA-based provider of universal code search for companies
Flare Capital Partners, Breyer Capital, Epsilon Health, First Round Capital, Venroc	Suki	$20M	Redwood City, CA-based developer of a voice-enabled digital clinical assistant
Cornerstone OnDemand, HTC, Farmers Insurance Exchange	Talespin	$15M	Los Angeles, CA-based provider of AR/VR workforce training
Founders Fund, Khosla Ventures, DCM, Bling Capital	Tempo	$17.5M	San Francisco, CA-based connected home fitness system
Draper Esprit, Lloyds Banking Group, IQ Capital, Backed, Playfair Capital	Thought Machine	$83M	London-based core banking platform
Zeev Ventures, Lennar Ventures	Veev	$85M	San Mateo, CA-based developer of smart home materials and systems
Silver Lake, CPPIB, Mubadala Investment Co., Alphabet, Andreessen Horowitz, AutoNation, Magna International	Waymo	$2.25B	Mountain View, CA-based self-driving unit of Alphabet
Takeda Ventures, SV Health Investors, MRL Ventures Fund, RiverVest Venture Partners, Bay City Capital, Solasta Ventures, M Ventures, Ipsen Ventures, F-Prime Capital, Atlas Venture	Xilio Therapeutics	$100.5M	Waltham, MA-based developer of tumor-selective immuno-oncology therapies

March 5th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Feb 19-26, 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
Corsair Capital	New York, NY	$1B	Fifth private equity fund
Fifth Wall Ventures	Los Angeles, CA	$100M	Fifth Wall Ventures Retail Fund
Lakestar	Zurich, Switzerland	$735M	European investment funds
M33 Growth	Boston, MA	$260M	Second fund
MPM Capital	Boston, MA	$100M	MPM Oncology Innovations Fund (INV)
QED Investors	Alexandria, VA	$350M	Sixth fund
Ridgewood Infrastructure	New York, NY	$600M	Debut private equity fund
Speedinvest	Vienna, Austria	€190 m	Third pan-European VC fund
Ubiquity Ventures	Palo Alto, CA	$40M	Second fund

Private Equity Investors	Company	Amount	Description
TA Associates	AffiniPay	Undisclosed	Austin, TX-based payments tech company
BlackRock Long Term Private Capital	Creed	Undisclosed	London-based luxury fragrance company
Sverica Capital Management	Cytracom	Undisclosed	Allen, TX-based provider of cloud-based voice and messaging solutions for MSPs
Siris Capital	Digital River	$50M	Minneapolis, MN-based e-commerce enabler for brands
Brookstone Partners	Hudson Valley	Undisclosed	New Hampton, NY-based mitigation and restoration company
The Blackstone Group	iQ	£4.66B	British student housing company
The Stephens Group	Kele	Undisclosed	Memphis, TN-based distributor of building automation peripherals and controls solutions
The Carlyle Group	Mak-System	Undisclosed	Brussels-based provider of blood management software
Align Capital Partners	Marco Rubber & Plastics	Undisclosed	Seabrook, NH-based distributor of elastomer components
NEXT Investors	NorthPoint	Undisclosed	Reston, VA-based product suite and technology consulting practice
Wynnchurch Capital	Penn Machine	Undisclosed	Aston, PA-based maker of high-pressure forged fittings and branch connections
Industrial Opportunity Partners	PolyVision	Undisclosed	Johns Creek, GA-based maker of surfaces used in whiteboards and chalkboards
BV Investment Partners	TopBloc	Undisclosed	Chicago, IL-based Workday services partner
Hellman & Friedman, Blackstone Group	Ultimate Software and Kronos	Undisclosed	Merger to create one of the largest human capital management (HCM) and workforce management cloud solutions
Searchlight Capital Partners, ForgeLight	Univision	Undisclosed	Nation’s largest Spanish-language broadcaster

Venture Capital Investors	Company	Amount	Description
Xeraya Capital, Longview Ventures, Catalyst Health Ventures, BioStar Ventures, Cedar Point Capital, Frontcourt Group	Aria CV	$31M	St. Paul, MN-based developer of medical devices for treating pulmonary arterial hyperextension
Acrew Capital, Munich Re Ventures, Khosla Ventures, Lightspeed Venture Partners, Shlomo Kramer	At-Bay	$34M	Mountain View, CA-based cybersecurity insurance startup
SoftBank Vision Fund 2	Behavox	$100M	New York-based provider of compliance and employee-monitoring software
Undisclosed	DigitalOcean	$100M	New York-based cloud infrastructure company
Cobalt Capital, Spark Capital, Kleiner Perkins, Bain Capital Ventures, Y Combinator, SV Angel, PJC, Fuel Capital, Wildcat Capital Management	Feather	$30M	New York-based furniture rental servic
SignalFire, GLP Capital Partners	Flock Freight	$50M	Solana Beach, CA-based freight logistics matching platform
LS Corp., Forte Ventures, Dell Technologies Capital, Intel Capital, Saudi Aramco Energy Ventures, Honeywell Ventures, GE Ventures, Robert Bosch Venture Capital, March Capital Partners, Darling Ventures	FogHorn	$25M	Sunnyvale, CA-based provider of edge computing intelligence software
Dell Technologies Capital, Iconiq Capital, Tiger Global Management, Kearny Jackson, Alpha Square Group	HeadSpin	$60M	Palo Alto, CA-based provider of mobile app performance software
Health Velocity Capital, USVP, Chicago Ventures, Epic Ventures	HealthJoy	$30M	Chicago, IL-based employee benefits platform
Anterra Capital	Invetx	$15M	Boston, MA-based veterinary medicine startup
14W, Mangrove Capital, Anthem, Lerer Hippeau, Primary Ventures	K Health	$48M	New York-based digital primary care service
SoftBank Vision Fund 2	Karius	$165M	Redwood City, CA-based startup that tests for and identifies infectious diseases
Norwest Venture Partners, Shasta Ventures, Kleiner Perkins, Canaan, Launchub	Leanplum	$27M	San Francisco, CA-based provider of customer engagement software tools
Breakthrough Energy Ventures, The Engine, Lowercarbon Capital, The Grantham Foundation	Lilac Solutions	$20M	Oakland, CA-based lithium mining technology company,
Dawn Capital, Battery Ventures, Goldman Sachs, ProSieben, Qumra Capital, Vintage Investments, Gemini Ventures, North Base Media, La Maison, Remagine Ventures, Hamilton Lane, Maor Investments	Minute Media	$40M	New York-based sports media company that recently acquired The Player’s Tribune
RPS Ventures, Founder’s Circle Capital, IAC, Foundry Group, Crosslink Capital, Uncork Capital, TransLink Capital	Molekule	$58M	San Francisco, CA-based developer of connected indoor air purifiers
DCVC Bio, 8VC, Novo Holdings, Future Tech Labs, AgFunder, Susa Ventures, Cthulhu Ventures, Wireframe Ventures	MycoWorks	$17M	San Francisco, CA-based developer of a leather alternative
Charter Communications, Qualcomm, Belkin, Service Electric Cablevision, Liberty Global, Shaw Communication	Plume	$60M	Palo Alto, CA-based consumer experience management platform for smart home services
Toyota	Pony.ai	$462M	California and China-based self-driving car startup
Andreessen Horowitz	Q Bio	$40M	San Carlos, CA-based quantitative, clinically-relevant assessment of personal human health
CDK Global, Kleiner Perkins, GV, SVB, Lux Capital, Tyche Partners, Icon Ventures, Baidu, Steve Wozniak	Ripcord	$45M	Hayward, CA-based robotics digitization startup
Andreessen Horowitz, Temasek, Tencent, Altos Ventures, Meritech Capital, Tiger Global Management	Roblox	$150M	San Mateo, CA-based gaming platform
BlackRock, Intel Ventures, GV, Walden International, WRVI Capital, Redline Capital	SambaNova Systems	$250M	Palo Alto, CA-based developer of software-defined AI hardware
Salesforce Ventures, Silver Lake	ServiceMax	$80M	Pleasanton, CA-based provider of field service management software
ABS Capital Partners, Causeway Media Partners, Jim Lombardi	SquadLocker	$20M	Warwick, RI-based provider of custom apparel and equipment purchasing software for teams and organizations
Jump Capital, Granite Point Capital, Jerry Hausman, Ed Baker	Teikametrics	$15M	Boston, MA-based startup that offers tools to brands and sellers on Amazon and Walmart
Georgian Partners, Insight Partners, Ignition Partners	Tractable	$25M	London-based insuretech startup
Aquiline Technology Growth, World Innovation Lab, Goldman Sachs	Unqork	$51M	New York-based no-code enterprise app platform
NextWorld	Van Leeuwen	$18.7M	Brooklyn, NY-based artisanal ice cream brand

February 28th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Feb 12-19, 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
Align Capital Partners	Dallas, TX and Cleveland, OH	$450M	Second private flagship fund
ForgePoint Capital	San Francisco, CA	$450M	Second fund
Marcy Venture Partners	San Francisco, CA	$85M	Flagship venture capital fund
Odyssey Investment Partners	New York, NY	$3.25B	Sixth middle-market buyout fund
Pamlico Capital	Charlotte, NC	$1.4B	Fifth flagship fund

Private Equity Investors	Company	Amount	Description
TA Associates	Auction Technology Group	Undisclosed	London and Omaha, NE-based online auctions platform
Platinum Equity	Biscuit International	Undisclosed	Paris-based manufacturer of private label cookies
Amherst Residential	Front Yard Residential	Undisclosed	U.S. Virgin Islands-based real estate investment trust company
Thompson Street Capital Partners	Len the Plumber	Undisclosed	Baltimore-DC metropolitan-based full-service residential plumbing contractor

Private Equity Investors	Company	Amount	Description
Norwest Venture Partners, Menlo Ventures, True Ventures, Khosla Ventures, First Round Capital, Ram Shriram, Maynard Webb Investment	Aisera	$20M	Palo Alto, CA-based robotic process automation startup
Integrity Growth Partners	Algo	$15M	Troy, MI-based supply chain technology company
WAVE Equity Partners, Chevron Technology Ventures, Marubeni Corporation	Carbon Clean Solutions	$16M	London-based carbon dioxide separation technology company
Goldman Sachs, Tiger Global Management, Adage Capital Management	Flywire	$120M	Boston, MA-based vertical payments company
Morgan Stanley Expansion Capital, NewView Capital, Upfront Venture	GumGum	$22M	Santa Monica, CA-based computer vision and natural language processing company
ForgePoint Capital	Huntress Labs	$18M	Elliott City, MD-based cybersecurity startup
CDC Group	iMerit	$20M	Los Gatos, CA-based data annotation and enrichment company
Icon Ventures, Sequoia Capital, Oak HC/FT, Spring Mountain Capital, Female Founders Fund, Harmony Partners, Reese Witherspoon, Natalie Portman, Mindy Kaling	Maven	$45M	New York-based company providing employee benefits focused on women’s health and family planning
Coatue Management, Insight Partners	OneTrust	$210M	Atlanta, GA-based cybersecurity company
NEA, 8VC	Outrider	$53M	Golden, CO-based startup developing robots for warehouse yards
Optum Ventures	Scipher Medicine	$25M	Waltham, MA-based developer of a molecular technology platform
Insight Partners, Tiger Global Management, Qualcomm Ventures LLC, Vista Public Strategies of Vista Equity Partners, Third Point Ventures	SentinelOne	$200M	Mountain View, CA-based cybersecurity company
Bessemer Venture Partners, TPG, Greenoaks Capital, Tiger Global Management, Durable Capital Partners, TCV, G Squared, Light Street Capital, Alta Park Capital	Toast	$400M	Boston, MA-based maker of payment processing hardware and software for restaurants
Benesse Holdings	Udemy	$50M	San Francisco, CA-based online education company
Artiman Ventures, Robert Bosch Venture Capital, Abies Ventures, Asahi Kasei Corporation, Hui Capital, Sony Innovation Fund	UltraSense Systems	$20M	San Jose, CA-based maker of touch user interface technology using 3D ultrasound
Sequoia Capital India, Eight Roads Ventures, F-Prime Capital, Cisco Investments	Whatfix	$32M	San Jose, CA-based provider of digital enterprise tool
Intel Capital, NEA, Highland Capital Partners, Redline Capital Management, Hercules Capital, Core Capital	ZeroFox	$74M	Baltimore, MD-based cybersecurity company

February 20th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Feb 5-12, 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
A/O PropTech	London, England	€250M	Debut fund
Battery Ventures	Boston, MA	$2B	Battery Ventures XIII $1.2B fund and Battery Ventures XIII Side fund with $800M
KKR	New York, NY	$1.3B	First global impact investing fund

Private Equity Investors	Company	Amount	Description
Post Capital Partners	Agile Sourcing Partners	Undisclosed	Corona, CA-based BPO company for the electric and gas utility, commercial construction, security, and telecom markets
AE Industrial Partners	American Pacific	Undisclosed	Cedar City, UT-based chemical manufacturer for U.S. government military and space programs
Apax Partners	Cadence Education	Undisclosed	Scottsdale, AZ-based early childhood education provider
Industrial Opportunity Partners	Competition Cams	Undisclosed	Memphis, TN-based maker camshaft and valvetrain-related components for the automotive aftermarket
Investcorp	Fortune International	Undisclosed	Bensenville, IL-based distributor of seafood and gourmet food products
Trilantic North America	Gorilla Commerce	Undisclosed	Westport, CT-based direct-to-consumer home and pet product development platform
One Rock Capital Partners	Innophos	$932M	Cranbury, NJ-based food additives maker
Entrepreneurial Equity Partners	Kronos Foods Corp.	Undisclosed	Glendale Heights, IL-based provider of Mediterranean food products
Gryphon Investors	Pacur	Undisclosed	Oshkosh, WI-based provider of specialty plastic packaging materials for the medical device industry
Brentwood Associates	Parchment	Undisclosed	Scottsdale, AZ-based digital credentialing service
EQT Partners	Rimes Technology	Undisclosed	New York-based provider of financial data management and regulatory software
Westhook Capital	Santa Rita Landscaping	Undisclosed	Tucson, AZ-based provider of commercial landscaping services
RedBird Capital Partners, CJ Entertainment, Tencent	Skydance Media	Undisclosed	Hollywood, CA-based film studio
Morgenthaler Private Equity	Teel Plastics	Undisclosed	Baraboo, WI-based manufacturer of custom plastic tubing
Washington Equity Partners	Tube Bending	Undisclosed	Apple Valley, CA-based manufacturer and fabricator of tubing and tubing assemblies

Venture Capital Investors	Company	Amount	Description
AccelFoods, New Crop Capital, Green Monday Ventures, Blue Horizon	Alpha Foods	$28M	New York-based provider of vegetarian prepared meals
Venrock, Andreessen Horowitz	Astranis	$90M	San Francisco, CA-based commercial satellite startup
Insight Partners	Carbon Relay	$63M	Boston, MA-based startup focused on optimizing app performance in Kubernetes environments
ForgePoint Capital, Trend Forward Capital	Cysiv	$26M	Dallas, TX-based SOC-as-a-service startup
WRVI Capital, Dell Technologies Capital, Redline Capital, Acorn Pacific Ventures	Datometry	$17M	San Francisco,CA-based data warehouse virtualization startup
Millennium New Horizons, Unbound, LG, Nvidia	Deep Instinct	$43M	US-Israeli cybersecurity startup
Osparie Ag Science, Spark Capital	Freight Farms	$15M	Boston, MA-based maker of vertical-farming containers
super [set], Ridge Ventures	Habu	$15M	US based developer of “omni-channel orchestration for the entire customer journey
blisce, Waverley Capital, Times Bridge	Headspace	$53M	Santa Monica, CA-based meditation app maker
Cyrus Capital Partners, State Farm Ventures, Upfront Ventures, FirstMark Capital, Greycroft	HopSkipDrive	$22M	Los Angeles, CA-based ride-share company focused on kids and families
Northpond Ventures, Genoa Ventures, Vertical Venture Partners	Intabio	$18M	Newark, CA-based developer of instrumentation systems for biotherapeutic precision analysis and quality assessment
Premji Invest, Cox Enterprises, Temasek F-Prime Capital, Devonshire Investors, .406 Ventures, Flare Capital Partners, Polaris Partners, Khosla Ventures	Iora Health	$126M	Boston, MA-based primary care provider that focuses on Medicare patients over 65
Bain Capital Life Sciences, Andera Partners, GIMV, Legend Capital, NeoMed Management, RMM, Valiance Life Sciences, VI Partners	JenaValve Technology	$50M	Irvine, CA-based developer of replacement heart valves
Greycroft, Maveron, Abstract Ventures	Landing	$20M	San Francisco, CA membership-based provider of finished urban apartments
Eight Roads, F-Prime Capital, Matrix Partners India, Ventureast	MoEngage	$25M	San Francisco, CA and Bangalore-based customer engagement and insights startup
Sequoia Capital, CPPIB, PSP Investments, Lightspeed Venture Partners, Accel, Base Partners, Iconiq Capital, Sapphire Ventures, Geodesic Capital, Social Capital	Netskope	$340M	Los Altos, CA-based cloud access security broker,
Accel, Two Sigma Ventures, Heavybit, Prime Set, Bedrock Capital	Radar	$20M	Brooklyn, NY-based location data infrastructure startup
Dragoneer Investment Group, Salesforce Ventures, Altimeter Capital, Iconiq Capital, Madrona Venture Group, Redpoint Ventures, Sequoia Capital, Sutter Hill Ventures	Snowflake	$479M	San Mateo, CA-based cloud data warehousing company
Arch Venture Partners, Milky Way Ventures, 8VC, Lyell Immunopharma	Sonoma Biotherapeutics	$40M	San Francisco, CA and Seattle, WA-based developer of regulatory T-cell treatments for autoimmune and neurodegenerative diseases
Cardinal Health, Novartis, Gilead Sciences, Canaan Partners, Threshold Ventures, Section 32, LifeForce Capital, Casdin Capital, Hive Ventures	Vineti	$35M	San Francisco, CA-based developer of logistics software for cell and gene therapies

The Scherzer Deal Report: Jan 8-15, 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.

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PE and VC Firms Fundraising	Location	Amount	Description
Lexington Partners	New York, NY	$14B	Ninth fund
Define Ventures	San Francisco, CA	$87M	Debut fund
HarbourVest Partners	Boston, MA	2.61B	Eleventh US fund-of-funds
Hollyport Capital	London, UK	$1B	Seventh private equity secondaries fund
KKR	New York, NY	$2.2B	Second tech growth equity fun
Manulife Investment Management	Boston, MA	$1.5B	First Private Equity fund of funds
Pathway Capital Management		$1B	Third private credit fund
Siguler Guff	New York, NY	$1.6B	Fourth fund
The Blackstone Group	New York, NY	$3.4B	Life Science fund

Private Equity Investors	Company	Amount	Description
AFV Partners	Aircraft Performance Group	Undisclosed	Castle Rock, CO-based provider of flight operations software to business and charter aviators
Goldman Sachs	Aptos	Undisclosed	Atlanta, GA-based provider of retail industry software
Denham Capital	Ceiba Energy	$250M	Developer and owner of power generation assets in Latin America
MiddleGround Capital	EDSCO Fasteners	Undisclosed	Denton, TX-based maker of anchoring systems for power transmission poles and other large steel structures
KPS Capital Partners	IKG	$85M	Channelview, TX-based manufacturer of steel and aluminum bar grating
One Rock Capital Partners	Innophos	$932M	Cranbury, NJ-based food additives maker
Freeman Spogli & Co.	Kamps	Undisclosed	Grand Rapids, MI-based pallet management service provider
TPG Sixth Street Partners	Medsphere Systems	$40M	Carlsbad, CA-based provider of healthcare IT software
Harvest Partners	MRI Software	Undisclosed	Solon, OH-based provider of real estate management software
May River Capital	NSL Analytical Services	Undisclosed	Cleveland, OH-based materials testing lab
Visa	Plaid	$5.3B	San Francisco, IL-based provider of analytics software for accessing transaction data
Gemspring Capital	Skyline Displays	Undisclosed	St. Paul, MN-based provider of trade show displays
Arcapita	Waste Harmonics	Undisclosed	Victor, NY-based provider of waste management solutions

Private Equity Investors	Company	Amount	Description
Insight Partners	6sense	$40M	San Francisco, CA-based predictive intelligence platform for marketing and sales
March Capital Partners, Cisco Ventures, Sequoia Capital, Andreessen Horowitz, FirstMark Capital	ActionIQ	$32M	New York-based customer data platform
Cigna Ventures	Arcadia	$29.5M	Burlington, MA-based developer of population health management software
Cox Enterprises, Drive Capital, Heritage Group, Hearst Ventures, NCT Ventures	Aver	$27M	Columbus, OH-based provider of bundled healthcare payment solutions
Qatar Investment Authority, Temasek, Calridge, Green Monday Ventures	Califia Farms	$225M	Los Angeles, CA-based almond and oat milk producer
Adjuvant Capital, Euclidean Capital, Topspin Partners	Codagenix	$20M	Farmingdale, NY-based developer of prophylactic vaccines and oncolytic virus therapies
Declaration Partners, Maverick Ventures, AllianceBernstein PCI, SymphonyAI Group	Concerto HealthAI	$150M	Boston, MA-based provider of data and “enterprise AI tech” for precision oncolog
Insight Partners, Prism Ventures	Covera Health	$23.5M	New York-based radiology diagnostics startup
AnGes, OrbiMed and Takeda Ventures	Emendo Biotherapeutics	$61M	New York-based gene editing company
GV, Arch Venture Partners, Andreessen Horowitz, Casdin Capital, Section 32, Nextech, and Arboretum Ventures	EQRx	$200M	Cambridge, MA-based developer of drug equivalars
L Catterton	FlashParking	$60M	Austin, TX-based parking tech startup
Stray Dog Capital, Rocana Ventures, Almanac Investments, CPT Capital, New Crop Capital, Greenleaf Foods, 301 INC	Gathered Foods	$32M	New York-based maker of plant-based seafood products
Grey Sky Venture Partners, Khosla Ventures, Northpond Ventures, Think.Health Ventures	Inflammatix	$32M	Burlingame, CA-based developer of point-of-care infection diagnostics
MTech Capital, Viola FinTech, MassMutual, Nationwide	Insurify	$23M	Cambridge, MA-based online insurer
Northpond Ventures	IsoPlexis	$20M	Branford, CT-based developer of single-cell functional proteomics
Toyota, Baillie Gifford, Global Oryx, SPARX Group, Intel Capital, Capricorn Investment Group, JetBlue Technology Ventures, AME Cloud Ventures	Joby Aviation	$590M	Santa Cruz, CA-based developer of electric air taxis
Brentwood Associates	KeyMe	$35M	New York-based developer of key duplication kiosks
Gilead Sciences, Vida Ventures, Westlake Village BioPartners	Kyverna	$25M	Berkeley, CA-based developer of cell therapies for serious autoimmune diseases
Bessemer Venture Partners, Threshold Ventures, Redpoint Ventures, Uncork Capital, Vertex Ventures, Bloomberg Beta	LaunchDarkly	$54M	Oakland, CA-based feature management platform for software developers
Turning Rock Partners	Next Level Aviation	$15M	Sunrise, CA-based supplier of spare parts for commercial aircraft
Fortress Investment Group, Columbia Capital, Future Fund, Telcom Ventures, Goldman Sachs, NEA, Oak Investment Partners	NextNav	$120M	Sunnyvale, CA-based developer of a non-GPS indoor positioning system
Madrone Capital Partners, Arch Venture Partners, Decheng Capital, Domain Associates, Biomatics Capital Partners, Altitude Life Sciences Ventures, Nan Fung Life Sciences	Omniome	$60M	San Diego, CA-based DNA sequencing platform
Vida Ventures, AbbVie Ventures, Foresite Capital, Canaan Partners	PACT Pharma	$75M	San Francisco, CA-based developer of personalized adoptive T cell therapies
Updata Partners, Equity Venture Partners	Practifi	$16.3M	Chicago, IL-based business management platform for financial advisors
Pavilion Capital, Decheng Capital, Hansjörg Wyss	ReadCoor	$27M	Cambridge, MA-based multi-omic spatial sequencing platform
TIO Bioventures	Treadwell Therapeutics	$27M	New York-based oncology pharma startup
Georgian Partners, Kleiner Perkins, M12, OurCrowd, Seven Peaks Ventures	Trusona	$20M	Scottsdale, AZ-based multi-factor authentication startup
Alta Partners, RA Capital Management, Boxer Capital, Canaan Partners	Tyra Biosciences	$50M	Carlsbad, CA-based developer of therapies targeted at drug-resistant cancer cells
Caffeinated Capital, Venrock, Obvious Ventures, Creandum, Playground Global, SciFi VC	Virta Health	$93M	San Francisco, CA-based biotech that aims to reverse Type 2 diabetes,
Iconiq Capital, Tiger Global, Accel, Founders Fund, NGP Capital, Newfund Capital, Qualcomm Ventures	Zinier	$90M	San Francisco, CA-based field service automation startup
Vertical Venture Partners, Health Velocity Capital, Healthworx, Horizon Healthcare Services	Zipari	$22.5M	Brooklyn, NY-based customer experience platform for health insurance

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Venture Capital

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