The Scherzer Deal Report: April 29-May 3, 2024
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
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Fundraising for PE & VC Funds
BlackRock
$5B
New fund with a Riyadh-based investment team
Hyde Park Venture Partners
$98M
Fourth fund
Latticework
$345M
Second fund
Private Equity Deals
Accel-KKR
Accertify
Undisclosed amount
Itasca, IL-based provider of fraud prevention solutions
Riverspan Partners
Barretts Minerals
$32M
Mount Vernon, IN-based talc supplier
KKR and Veritas
Cotiviti
Undisclosed amount
South Jordan, UT-based health analytics firm
TA Associates and LLR Partners
Edmunds GovTech
Undisclosed amount
Northfield, NJ-based provider of ERP software to local governments
Kain Capital
Essen Health Care
Undisclosed amount
Bronx, NY-based operator of medical clinics in the Bronx with over 450 practitioners
Tailwind Capital
GrayMatter
Undisclosed amount
Pittsburgh, PA-based provider of technical engineering services for automation-related issues
Maximum Effort Investments
Homage
Undisclosed amount
Columbus, OH-based provider of vintage-inspired sports and licensed apparel
Rosemont
Northside Capital Management
Undisclosed amount
Hood River, OR-based outsourced investment manager for ultra-high net worth families
Breck Partners
NPX One
Undisclosed amount
Reading, PA-based maker of polystyrene trays for fresh protein
Council Capital
OccMD
Undisclosed amount
Dallas, TX-based occupational injury medical management company
Generate Capital, Healthcare of Ontario Pension Plan, and HESTA
Pine Gate Renewables
$650M
Asheville, NC-based clean energy project owner and operator
Shore Capital Partners
PRO-spectus
Undisclosed amount
Huntington Beach, CA-based provider of market access consulting and patient services
Forest Road Asset Management, Liberty Global, Wildcat Capital Management, and Playground Productions
Range Media Partners
Undisclosed amount
Santa Monica, CA-based entertainment talent agency
WindRose Health Investors
SubjectWell
Undisclosed amount
Austin, TX-based clinical trial marketplace
H.I.G. Capital
USA DeBusk
Undisclosed amount
Deer Park, TX-based provider of industrial cleaning and infrastructure services
Charger Investment Partners
Wolf-Gordon
Undisclosed amount
New York, NY-based maker of interior surface products
Venture Capital Deals
Perceptive Advisors, Pillar VC, 380 Cap, and Accanto Partners
Adaptilens
$17.5M
Boston, MA-based maker of an intraocular lens to correct vision.
Lightrock, Lightsmith Group, Duke Energy, Sabanci Ventures, Marubeni, National Grid, Edison International, SE Ventures, G2 Venture Partners, Benhamou Global Ventures, and Shell Ventures
AiDash
$58.5M
San Jose, CA-based provider of wildfire risk software for utilities
Quiet Capital, Healthier Capital, Baszucki Group, Mike Volpi, Bling Capital, 8VC, Virtue, and Able Partners
Amae Health
$15M
San Francisco, CA-based provider of care for severe mental health illnesses
Giant Ventures, Opera Tech Ventures, and Mubadala Capital
Arbol
$60M
New York, NY-based climate insurance startup
FirstMark Capital, Vertical Venture Partners, LiveOak Venture Partners, Revel Partners, ECMC, and Crow Holdings
Backflip
$15M
Dallas, TX-based platform for acquiring and renovating single-family homes.
NEA, Lightspeed, and Sapphire Sport
Beehiiv
$33M
New York, NY-based newsletter platform founded by Morning Brew vets.
Accel, Cisco, and CrowdStrike
Corelight
$150M
San Francisco, CA-based provider of open network detection and response solutions.
Coatue, Magnetar, Altimeter Capital, Fidelity, and Lykos Global Management
CoreWeave
$1.1B
Roseland, NJ-based cloud computing platform
Insight Partners
Elisity
$37M
San Jose, CA-based provider of identity-based network micro segmentation.
JPMorgan Asset Management, Frazier Life Sciences, Avalon Ventures, Lightspeed Venture Partners, Samsara BioCapital, Amgen Ventures, Regeneron Ventures, Bregua Corp., Pappas Capital, and Alexandria Venture Investments
Enlaza Therapeutics
$100M
La Jolla, CA-based covalent biologic platform
7wire Ventures and Elevance Health
GroundGame.Health
$17M
Tampa, FL-based startup linking community-based organizations with health plans and providers.
Hamilton Ventures
Inhabitr
$27M
San Francisco, CA-based commercial real estate furnishing platform
Coatue and Sequoia Capital
Island
$175M
Dallas, TX-based provider of secure enterprise browsers
Khosla Ventures, 5AM Ventures, Gilde Healthcare, SoftBank, General Catalyst, HBM Healthcare Investments, Blue Water Life Sciences, Innovation Endeavors, and Waycross Ventures
Karius
$100M
Redwood City, CA-based provider of blood-testing for infectious disease
AMD Ventures, First Round Capital, Amplify Partners, Andrew Ng, Dylan Field, Drew Houston, Andrej Karpathy, and Bernard Arnault
Lamini
$25M
Palo Alto, CA-based enterprise platform for deploying gen AI.
Catalus Capital and Saft
LiNova Energy
$15.8M
Monrovia, CA-based developer of polymer cathodes for batteries
Friends & Family Capital, Fifth Down Capital, Goldcrest Capital, Craft Ventures, and Godfrey Capital
Peregrine
$30M
San Francisco, CA-based data integration platform for state and local governments
Ivanhoe Capital and Wilson Sonsini
Pure Lithium
$15M
Boston, MA-based developer of lithium extraction tech
BlackRock, Hamilton Lane, ParaFi Capital, and Tradeweb Markets
Securitize
$47M
Miami, FL-based platform for tokenizing real-world assets.
Maverick Capital and Translink Capital
Thintronics
$23M
Berkeley, CA-based maker of insulators for electronic applications
IVP, Citi Ventures, Geodesic Capital, Sorenson Capital, and Unusual Ventures
Traceable AI
$30M
San Francisco, CA-based API security startup
General Catalyst, 7wireVentures, Geodesic Capital, Memorial Hermann Health System, Threshold Ventures, Kinnevik, Ally Bridge Group, Human Capital, Merck Global Health Innovation Fund, Alta Partners, and Leaps by Bayer
Transcarent
$126M
San Francisco, CA-based health care navigation company
Oak HC/FT
Trovo Health
$15M
New York , NY-based AI workflow tool for health care practitioners
Iconiq Growth, Granite Capital Management, Adams Street Partners, and Sound Ventures
Truist
$169M
Culver City, CA-based custodian for RIAs
