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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Note: Because of the Thanksgiving holiday and the shortened business week, this edition of The Scherzer Deal Report is abbreviated.
Fundraising for PE & VC Funds
Factorial Capital
$25M
Second fund
Holly Ventures
$33M
Debut fund
Swish Ventures
$100M
Opportunity fund
TPG Credit
$6.2B
Third fund
Private Equity Deals
Arcline
Altronic
Undisclosed amount
Girard, OH-based maker of ignition and engine-control products
Shore Rock Partners
AMAG Technology
Undisclosed amount
Hawthorne, CA-based provider of access control and other security solutions
Eagle Merchant Partners
Atlantic Pipe Services
Undisclosed amount
Sanford, FL-based provider of services for stormwater and wastewater infrastructure in Florida
Oaktree Capital Management and Lane42 Investment Partners
Avocet Partners
Undisclosed amount
New York, NY-based insurance-focused investment and operating platform
LNC Partners
Bennie
Undisclosed amount
New York, NY-based employee benefits firm
General Atlantic and CPP Investments
Boats Group
Undisclosed amount
Miami, FL-based online marketplace for recreational boats
Tailwater Capital
Central Midstream Partners
Undisclosed amount
Houston, TX-based energy infrastructure company
Longshore Capital Partners
Enavate
Undisclosed amount
Tampa, FL-based provider of Microsoft implementation and managed services
The Chernin Group
Entangled Publishing
Undisclosed amount
Shrewsbury, PA-based romance publisher
Wind Point Partners
Enviromatic Systems
Undisclosed amount
Grand Prairie, TX-based provider of building management systems
Advent International and Corvex Private Equity
Heidrick & Struggles
Undisclosed amount
Chicago, IL-based executive search firm
Aiga Capital Partners
Highland Electric Fleets
Undisclosed amount
Beverly, MA-based developer of commercial electric buses and trucks
Oak Hill Capital
Hunter Communications
Undisclosed amount
Central Point, OR-based fiber-optic internet provider in Oregon and Northern California
Leonard Green & Partners
Jones Lake Management
Undisclosed amount
Cincinnati, OH-based provider of provider of pond and lake management services
Blackstone
MacLean Power Systems
Undisclosed amount
Ft. Mill, SC-based utility parts maker
Insight Partners
Marketing Evolution
Undisclosed amount
New York, NY-based provider of marketing analytics
Transition Equity Partners
Nexus Data Centers
Undisclosed amount
The Woodlands, TX-based developer of gigascale data centers
SEVA Growth
Pronto
Undisclosed amount
Lehi, UT-based communications platform for front-line employers and higher education institutions
StoneTree Investment Partners
Reel Power
Undisclosed amount
Oklahoma City, OK-based heavy equipment manufacturer
WindRose Health Investors
Stellus Rx
Undisclosed amount
Plano, TX-based pharmacy care management platform
Berkshire Partners
United Flow Technologies
Undisclosed amount
Foothill Ranch, CA-based provider of solutions for the municipal and industrial water and wastewater treatment markets
Bessemer Investors
Xanitos
Undisclosed amount
Newtown Square, PA-based provider of health-care cleaning and support services to hospitals and ambulatory care settings
Venture Capital Deals
Centana Growth Partners, Next Frontier Capital, Rally Ventures, and Impression Ventures
401Go
$33M
Sandy, UT-based retirement program setup platform for financial advisors
Viking Global Investors, Bison Ventures, General Atlantic, BHP Ventures, and Pivotal Capital Partners
Allonnia
$20M
Boston, MA-based mining biotech startup
Upfront Ventures, BlueYard Capital, and First In Ventures
AnySignal
$24M
El Segundo, CA-based developer of RF platforms for aerospace and defense
Janus Henderson Investors, Brahma Capital, BioTrack Capital, Cormorant Asset Management, OrbiMed, Plaisance Capital Management, and Vivo Capital
BlossomHill Therapeutics
$84M
San Diego, CA-based cancer biotech
Amazon, Koch Disruptive Technologies, Piedmont Capital, Rusheen Capital Partners, and Allen & Co.
Blue Current
$81M
Hayward, CA-based developer of silicon solid-state batteries
8VC, Pear VC, Primary Venture Partners, Tishman Speyer, RXR, Caffeinated Capital, and Merrick Ventures
Bobyard
$35M
San Francisco, CA-based estimates platform for contractors
Darsana Capital Partners, Altimeter Capital, ARK Invest, Bessemer Venture Partners, Robinhood Ventures, and YC
Boom Supersonic
$300M
Centennial, CO-based supersonic jetmaker that’s also using its turbines to power AI data centers
Westbound Equity Partners, Geraldine R. Dodge Foundation, and Blue Meridian Partners
Esusu
$50M
NYC-based credit building startup
Deerfield Management, Khosla Ventures, Sofinnova Partners, Cornucopian Capital, Eli Lilly, Illinois Ventures, and MIT
Excelsior Sciences
$70M
New York, NY-based AI chemistry startup
Sequoia Capital, Kleiner Perkins, NVentures, Alkeon Capital, a16z, Kindred Ventures, Meritech, Bessemer Venture Partners, Notable Capital, Shopify Ventures, and Salesforce Ventures
Fal
$140
MSan Francisco, CA-based generative media platform
B Capital and Google
Fervo Energy
$462M
Houston, TX-based geothermal energy developer
Goldman Sachs, IVP, Menlo Ventures, and Unusual Ventures
Harness
$240M
San Francisco, CA-based software delivery platform
Giant Ventures, California Infrastructure Bank, Carnrite Ventures, Chaac Ventures, Comcast Ventures, and Lerer Hippeau
Haven Energy
$15M
Austin, TX-based solar and home battery tech company
Gallatin Point Capital
Hometap
$50M
Boston, MA-based provider of home equity investment products
Human Capital, Lux Capital, Neo, NFDG, Catalio Capital Management, Menlo Ventures, 776, and Fusion Fund
Medra
$52M
San Francisco, CA-based platform for physical AI scientists
Long Ridge Equity Partners
OnCorps AI
$55M
Boston, MA-based agentic AI platform for fund operations
M12, Microsoft’s Venture Fund, Y Combinator, Adverb Ventures, and 8VC
Outset
$30M
San Francisco, CA-based customer research and surveying platform
Frist Cressey Ventures, a16z, and Morgan Health
Paradigm Health
$20M
New York, NY-based benefits platform for cell and gene therapies
Valspring Capital and Rethink Impact
Parallel
$20M
New York, NY-based teletherapy and special ed provider for K-12 schools
Scale Venture Partners, Foundation Capital, Flybridge, and PayPal Ventures
Prime Security
$20M
New York, NY-based agentic security platform for software development
5AM Ventures, OrbiMed, and Monograph Capital
ProLynx
$70M
San Francisco, CA-based developer of long-acting obesity treatments
Samsara BioCapital, Lightstone Ventures, and Roivant
PsiThera
$47.5M
Watertown, Mass.-based developer of oral medicines for immunology and inflammation
Galvanize, Energy Impact Partners, Gradient Ventures, Lowercarbon Capital, Incite Ventures, and Alumni Ventures
Quilt
$20M
Redwood City, CA-based home heat pump maker
General Catalyst, Solari Capital, JSL Health Capital, Founder Collective, BoxGroup, Scrub Capital, and Diede van Lamoen
Radial
$50M
New York, NY-based mental health care startup
Snowflake Ventures and AT&T Ventures
RelationalAI
$22.5M
Berkeley, CA-based business decision intelligence platform
Five Elms Capital, Threshold Ventures, 8VC, and Bienville Capital
Ritten
$35M
Philadelphia-based developer of EHR and clinic management software for behavioral health providers
10D, Propel Ventures, Mensch Capital, Moneta Venture Capital, Magnolia Capital, Cerca Fund, and Blue Moon
Safebooks
$15M
San Francisco, CA-based financial data governance startup
Eli Lilly, Sino Biopharm, Invus, and Qiming Venture Partners
SanegeneBio
$110M
Woburn, MA-based obesity and autoimmune biotech
KKR, Sixth Street Growth, TenEleven, and Carrick Capital Partners
Saviynt
$700M
El Segundo, CA-based identity security company
Sequoia Capital, Meritech, First Round, General Catalyst, and Evantic
Serval
$75M
San Francisco, CA-based IT service management platform
Mainsail Partners
Steelhead Technologies
$84M
Provider of ERP software for metal finishers and fabricators
a16z, Lightspeed, Sequoia Capital, Lux Capital, DCVC, Databricks, Future Ventures, and Jeff Bezos
Unconventional AI
$475M
San Francisco, CA-based developer of next-gen digital computers
BVVC, Hanwha, Geodesic Capital, Airbus Ventures, Dauntless Ventures, Trousdale Ventures, Veteran Ventures Capital, DYNE Ventures, Propeller Ventures, Decisive Point Ventures, SAIC Ventures, Centre Street Partners, Cubit Capital, and Lockheed Martin Ventures
Vatn Systems
$60M
Portsmouth, RI-based developer of autonomous underwater vehicles for naval warfare