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
Afore Capital
$185M
Fourth fund
Bonfire Ventures
$245M
Fourth fund
Cherryrock
$172M
Debut fund
Greenfield Partners
$400M
Third fund
GTCR
$3.6B
Second strategic growth fund
Madison River Capital
$370M
Debut fund
Neuberger Berman
$1.6B
Third specialty finance fund and related asset-backed financing funds
Wellington Management
$194M
Wellington CLO Partners Fund I
Private Equity Deals
Align Capital Partners
AKS EngineeringUndisclosed amount
Tualatin, OR-based consulting firm for civil engineering, surveying, natural resources, and permitting
Vista Equity Partners and Deepwatch
Dassana
Undisclosed amount
San Mateo, CA-based cybersecurity business
Searchlight Capital Partners and Hudson Structured Capital Management
Gracie Point Holdings
Undisclosed amount
New York, NY-based provider of life insurance premium finance
Grovecourt Capital Partners
IMRIS Imaging
Undisclosed amount
Chaska, MN-based movable MRI business
Tritium Partners
Loxo
$115M
Austin, TX-based recruiting software company
PSG
Uscreen
$150M
Washington DC-based video monetization platform
One Equity Partners
Wheeler Fleet Solutions
Undisclosed amount
Somerset, PA-based vehicle parts and services business
Venture Capital Deals
Elad Gil and IVP, Bessemer Venture Partners, and California Health Care Foundation
Abridge
$250M
San Francisco, CA-based generative AI startup for clinical notetaking and billing
Eclipse, Maverick Capital, Fundomo, and EPIQ Capital Group
AheadComputing
$21.5M
Portland, OR-based general-purpose computing and microprocessor business
Lightrock, Insight Partners, Eclipse Ventures, Qumra Capital, Schneider Electric Ventures, and Qualcomm Ventures
Augury
$75M
New York, NY-based machine insights company for manufacturers
RA Capital Management led with participation from Janus Henderson Investors, Redmile Group, Invus and ADAR1 Capital Management
Bambusa Therapeutics
$90M
Boston, MA-based biotech focused on dermatological conditions
IVP, Spark, Greylock, Conviction, South Park Commons, 01 Advisors, and Lachy Groom|
Baseten
$75M
San Francisco, CA-based startup running AI models on its cloud infrastructure
Ribbit Capital, GV, Variant, and Cyberstarts
Blockaid
$50M
New York, NY-based crypto security platform
Avataar Ventures, Inspired Capital, Fitch Group, and BellTower Partners
CredCore
$16M
New York, NY-based business for analyzing private debt transactions
415 Capital, S3 Ventures, Panakès Partners, and M&L Healthcare
Endovascular Engineering
$42M
Menlo Park, CA-based clot removal company for venous thromboembolism
Lux Capital, Lightspeed, Menlo Ventures, Inspired Capital, and Bison Ventures
Frontera Health
$32M
Denver, CO-based developer of autism therapy streamlining tools
Qualcomm Ventures, Norwest Venture Partners, Entrée Capital, Honeystone Ventures, Tiferes Ventures, and Inkberry Ventures
Guidde
$15M
Belmont, CA-based video documentation business
Sapphire Ventures, NVC, Amplify Ventures, Iconiq Growth, Bain Capital Ventures, and Y Combinator
Hightouch
$80M
San Francisco, CA-based platform for customer service and sales teams to sync data
Plural and Hummingbird
Karman+
$20M
Denver, CO-based asteroid mining startup
Andra Capital, SGW, Andrej Karpathy, ARK Invest, Fincadia Advisors, G Squared, and In-Q-Tel
Lambda
$480M
San Jose, CA-based GPU cloud company
Swisscom Ventures, East Bridge, EDOM, Grazia, Hokuyo Inc. and TSVC
Lumotive
$45M
Redmond, WA-based optical semiconductor products maker
Felicis, General Catalyst, DST Global, Benchmark, and Menlo Ventures
Mercor
$100M
San Francisco, CA-based hiring software company
Base10 Partners and Volition Capital
Relish
$25M
Cleveland, OH-based procurement software maker
Taranis
Resynergi
$18M
Rohnert Park, CA-based plastic recycling company
Quadrille Capital, Insight Partners, Quiet Capital, and DN Capital
Sanas
$65M
Palo Alto, CA-based company that uses AI to change a person’s accent
Elad Gil and General Catalyst
Saronic
$600M
Austin, TX-based drone-boat builder
Canapi Ventures
SmartSuite
$38M
Newport Beach, CA-based project management and collaboration platform
Just Climate, Temasek’s GenZero, and Eagle Materials
Terra CO2
$82M
Golden, CO-based low-carbon building materials business
General Catalyst, Saudi Arabia’s Prosperity7 Ventures, Salesforce Ventures, Nvidia Corp., Kleiner Perkins, Emergence Capital, Lux Capital, and Coatue Management
Together AI
$305M
San Francisco, CA-based company that gives access to artificial intelligence computing
Riot Ventures, AlleyCorp, Initialized Capital, Day One Ventures, and Steel Atlas
Valar Atomics
$19M
El Segundo, CA-based nuclear energy startup
General Catalyst and Eclipse Ventures
Verkada
$200M
San Mateo, CA-based video security camera company