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
50 South Capital
$2.1B
Fifth private equity secondaries fund ($1.2B) and its 11th direct PE fund ($893M)
Deciens Capital
$93M
Third fund
Dextra Partners
$825M
Seventh co-investment fund
Frazier Life Sciences
$1.3B
12th venture fund
Gilgamesh Ventures
$20M
Second fintech-focused fund
Silversmith Capital Partners
$1.7B
Fifth fund
Skyline Investors
$125M
Debut fund
Private Equity Deals
Archimed
Arkstone
Undisclosed amount
Boca Raton, FL-based clinical decision support firm focused on infectious disease
Warburg Pincus
FlavorSum
Undisclosed amount
Kalamazoo, MI-based provider of natural flavor solutions for food and beverage companies
GTCR
FMG Suite
Undisclosed amount
San Diego, CA-based provider of marketing automation software for financial advisors and insurance brokers
Gridiron Capital
Greenix
Undisclosed amount
Orem, UT-based pest control company
TA Associates
HealthMark Group
Undisclosed amount
Addison, TX-based clinical information exchange solutions for health-care providers
L Catterton
L.A.B. Golf
Undisclosed amount
Creswell, OR-based golf putter maker
EQT
Neogov
Undisclosed amount
El Segundo, CA-based provider of public sector HR management and policy management software
Levine Leichtman Capital Partners
Shipley Do-Nuts
Undisclosed amount
Houston, TX-based donut and coffee shop franchisor
Integrum Holdings
Stout
Undisclosed amount
Chicago, IL-based investment bank
Thoma Bravo
Trading Technologies
Undisclosed amount
Chicago, IL-based capital markets tech platform
Warburg Pincus and Berkshire Partners
Triumph Group
Undisclosed amount
Radnor, PA-based maker of aftermarket parts for aerospace and defense systems
Venture Capital Deals
A16z, Oak HC/FT, OpenAI Startup Fund, Kleiner Perkins, and Optum Ventures
Ambience Healthcare
$243M
San Francisco, CA-based AI scribe startup
Insight Partners and Mubadala Capital
Anaconda
$150M
Austin, TX-based provider of AI dev tools
Valtruis, Transformation Capital, Shaper Capital, and Healthy Ventures
Arbital Health
$31M
San Francisco, CA-based provider of health care payments solutions
Sofinnova Investments, B Capital, F-Prime, Omega Funds, Third Rock Ventures, QIA, and Alexandria Venture Investments
Artbio
$132M
Cambridge, MA-based developer of radiopharmaceuticals for treating cancer
TQ Ventures, Lerer Hippeau, NewFare, WIN, Interlace, Arena Holdings, and Tony James’ family office
Augmodo
$37.5M
Seattle, WA-based retail inventory management startup
O.G. Venture Partners, Lightspeed, Hetz Ventures, and Vertex Growth
BlinkOps
$50M
San Francisco, CA-based developer of cybersecurity “micro-agents”
Emergence Capital, Pace Capital, 1984 Ventures, Essence VC, and Cox Exponential
Cline
$32M
San Francisco, CA-based AI coding agent
Abstract Ventures, True Ventures, and HOF Capital
Conversion
$28M
Brentwood, TN-based marketing automation startup
Theory Ventures, Madrona, Decibel Ventures, Pioneer Square Labs, and IQT
Dropzone AI
$37M
Seattle, WA-based developer of cybersecurity agents
Insight Partners, Decibel, Sunflower Capital, and Kaya
E2B
$21M
San Francisco, CA-based open-source cloud infrastructure company
Notable Capital and Hyperwise Ventures
Echo
$15M
Blue Bell, PA-based software infrastructure security startup
Greylock and Redpoint Ventures
Fable Security
$31M
San Francisco, CA-based human risk management platform
Meritech, Salesforce Ventures, Shopify Ventures, Bessemer Venture Partners, Kindred Ventures, Andreessen Horowitz, Notable Capital, First Round Capital, Unusual Ventures and Village Global
Fal
$125M
San Francisco, CA-based AI infrastructure company
a16z, Norwest Venture Partners, Canvas Ventures, and Camber Creek
Flyhomes
$15M
Issaquah, WA-based real estate platform
PSGHero
Devs
$125M
Sandy, UT-based provider of OSS security tools
GFT Ventures, Sound Venturesled, Silicon Road Ventures, Osage Ventures, and Rise of the Rest
Knit
$16.1M
Austin, TX-based consumer research startup
Maor Investments, Dell Technologies Capital, Norwest, and Zeev Ventures
LakeFS
$20M
Santa Monica, CA-based version control system for enterprise data
Coatue, Accel, and Picture Capital
Legion
$38M
New York, NY-based AI security operations center startup
Wing VC, Norwest, and S Capital
Lumana
$40M
Los Gatos, CA-based video security startup
Forbion, Goldman Sachs Alternatives, Sanofi, T. Rowe Price, Avego BioScience Capital, Novo Holdings, 5AM Ventures, and Blue Owl Healthcare Opportunities
MapLight Therapeutics
$373M
Redwood City, CA-based biotech focused on CNS disorders
Kleiner Perkins and AllianceBernstein
Motive
$150M
San Francisco, CA-based ops platform for the physical economy
Onto Innovation, Lam Capital, UMC Capital, and MediaTek Capital
Multibeam
$31M
Santa Clara, CA-based process control startup for semiconductors
Sutter Hill Ventures, Madrona Ventures, Alumni Ventures, Snowflake Ventures, and Capital One Ventures
Observe
$156M
San Mateo, CA-based observability startup
Dragoneer, Blackstone, TPG, T. Rowe Price, Fidelity, a16z, Altimeter, Coatue, D1 Capital Partners, Founders Fund, Sequoia Capital, Tiger Global, and Thrive Capital
OpenAI
$8.3B
San Francisco, CA-based artificial intelligence research and deployment company
Foundation Capital and Green Bay Ventures
PlayerZero
$20M
Atlanta, GA-based predictive software quality company
Valor Equity Partners, Atreides Management, DFJ Growth, Flume Ventures, Resilience Reserve, 1517 Fund, and Unless
Positron AI
$51.6M
Reno, NV-based developer of a transformer inference appliance
Insight Partners and a16z
Promptfoo
$18.4M
San Francisco, CA-based AI security and evaluatoon platform
Accel and Bain Capital Ventures
Prophet Security
$30M
Palo Alto, CA-based provider of agentic AI for SOCs
Iconiq, Sutter Hill Ventures, Lightspeed, T. Rowe Price, GV, Emerson Collective, Operator Collective, Pinegrove Capital Partners, Founders Fund, D1 Capital Partners, GIC, Coatue, Avenir Growth, Thrive Capital, Khosla Ventures, Sands Capital, 8VC, Lux Capital, Altimeter, Definition Capital, 137 Ventures, General Catalyst, and Stripes
Ramp
$500M
New York, NY-based financial ops platform
Ballistic Ventures, defy.vc, Booz Allen Ventures, Shield Capital, Next Frontier Capital, and Madison Valley Partners
Reveal Technology
$30M
Bozeman, MT-based defense-tech focused on imagery and mapping
Human Capital, Pax VC, Washington Harbour Partners, a16z, Point72 Ventures, XYZ Venture Capital, and Forward Deployed VC
Rune Technologies
$24M
Arlington, VA-based developer of predictive software for the battlefield
Avataar Ventures, SIG Venture Capital, NextEquity Partners, and Prosperity7 Ventures
Safe
$70M
Palo Alto, CA-based cyber risk company
A16z, Matrix Partners, Michael Ovitz, and YC
Salient
$60M
San Francisco, CA-based loan servicing platform
FTV Capital
Saphyre
$70M
Hoboken, NJ-based provider of finance ops and trading workflow software
Valspring Capital, Primary Venture Partners, C&S Family Capital, Lerer Hippeau, and Toba Capital
Small Door Veterinary
$35M
New York, NY-based membership-focused veterinary care company
Silver Lake Waterman
Sparrow
$35M
San Francisco, CA-based employee leave management startup
Bitfinex, Hack VC, Franklin Templeton, eGirl Capital, Mirana, Castle Island Ventures, Susquehanna International Group, Nascent, and Blue Pool Capital
Stable
$28M
San Francisco, CA-based tether-focused layer-1 blockchain
Material Impact, Breakthrough Energy Ventures, Azolla Ventures, Fortescue, Impact Science Ventures, and SOSV
Still Bright
$18.7M
Newark, NJ-based developer of copper extraction tech
Wellington, Atlassian Ventures, CrowdStrike Ventures, Goldman Sachs, Sequoia Capital, and JPMorgan
Vanta
$150M
San Francisco, CA-based enterprise compliance management startup
Toba Capital
Wallarm
$55M
San Francisco, CA-based API and AI security startup
Touring Capital, a16z, Long Journey Ventures, Distributed Ventures, and Company Ventures
Wingspan
$24M
New York, NY-based payroll platform for independent contractors