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

Abry Partners
$780M
Single-asset CV

Align Capital Partners
$1.1B
Fourth flagship PE fund and second fund

Anti Fund
$100M
Growth capital fund

Clearlake Capital Group
$14.8B
Eighth flagship fund

Gutter Capital
$75M
Third fund

Private Equity Deals

Belmont Medical Technologies
Arcos
Undisclosed amount
Missouri City, TX-based provider of blood transfusion and severe burn care software

Arcline Investment Management
AstroNova
$272M
West Warwick, RI-based provider of identification and marking solutions for the aerospace/ defense and labeling/packaging industries

Bertram Capital
Bluebird
Undisclosed amount
Minneapolis, MN-based omnichannel retail commerce services company

Montagu 
BMC Helix
Undisclosed amount
Houston, TX-based agentic AI service-ops platform

Rubicon Technology Partners
CaseWorthy
Undisclosed amount
Salt Lake City, UT-based case management platform for nonprofits and governments.

THL Partners 
Celerion
$1.8B
Lincoln, NE-based clinical pharmacology and bioanalytical sciences company

Sixth Street Partners 
Chronograph
$140M
New York City, NY-based provider of portfolio monitoring and valuations for institutional private capital LPs and GPs

Rochester Midland
ClarityChem
Undisclosed amount
Depew, NY-based provider of water and process treatment solutions

New Mountain Capital
Commonwealth Associates
Undisclosed amount
Jackson, MI-based power engineering firm

Leonard Green & Partners
Cumming Group
Undisclosed amount
Westport, CT-based construction project consultancy

Spatco
Discovery Tank Testing and Tank Wizards
Undisclosed amount
North Palm Beach, FL-based environmental compliance and testing services provider & Melbourne, FL-based fuel tank-cleaning, fuel polishing and heavy maintenance services provider

Lead Edge Capital
Elektrik
Undisclosed amount
Lindon, UT-based distributor of medium voltage electrical components

Cleargate Capital Partners
Fellow Health Partners
Undisclosed amount
Great River, NY-based provider of health care revenue cycle management services

Flexstone Partners
Glouston Capital Partners
Undisclosed amount
Boston, MA-based PE secondaries manager 

GreenArrow
HBC Co.
Undisclosed amount
Lodi, NJ-based provider of electrical and transportation infrastructure services

Truelink Capital 
Horwitz
Undisclosed amount
Minneapolis, MN-based provider of commercial and industrial mechanical, electrical and plumbing services

Model N
Kalderos
Undisclosed amount
Chicago, IL-based drug discount analytics platform

Ardurra
Kelly Engineers
Undisclosed amount
Glen Mills, PA-based municipal engineering and surveying firm

Lyntris
Novium
Undisclosed amount
Houston, TX-based maker of motion systems for space and defense

Nuvei
Payoneer
$2.75B
New York City, NY-based cross-border payments firm

Spectrum Vascular
Piccolo Medical
Undisclosed amount
San Francisco, CA-based catheter guidance company

LongRange Capital
Pizza Hut 
$2.7B
Plano, TX-based pizza chain

Flatirons Solutions
Scope AR
Undisclosed amount
San Francisco, CA-based training and remote training solution for frontline workers

Altaris
Simulations Plus
$375M
Research Triangle Park, NC-based drug development firm

Allvia
Smith Communication Partners
Undisclosed amount
Atlanta, GA-based workforce strategy and employee communications consultancy

Arketi Group
Sperling
Undisclosed amountSalem, MA-based digital marketing agency

Space Age Electronics
SprinkGuard
Undisclosed amount
Mishawaka, IN-based maker of fire sprinkler protection products

xFact
Stonewall Solutions
Undisclosed amount
Marlborough, MA-based provider of custom tech to state and local governments

TPG
Waste Eliminator and Liberty Waste Solutions
Undisclosed amount
Gainesville, GA-based & Raleigh, NC-based waste management companies

CVC Willow
Wood
Undisclosed amount
Mt. Sterling, OH-based maker of prosthetic liners, feet, and knees

Venture Capital Deals

SYN Ventures, Morgan Stanley, and Wipro
Arcade.dev
$60M
San Francisco, CA-based AI agent security company

TDK Ventures, Building Ventures, and JLL Spark Global
Aston Power
$20M
Raleigh, NC-based energy provider for data centers

Third Point Ventures
Atom Computing
$100M
Berkeley, CA-based creator of a quantum computer

The Westly Group, Keysight, Allegis Capital, DNX, Sutter Hill Ventures, Mayfield, Canaan, and Wing Venture Capital
AttoTude
$52M
Menlo Park, CA-based connectivity scaling company for AI infrastructure

Dell Technologies Capital, HubSpot Ventures, Archerman Capital, Tribeca Venture Partners, Emergence Capital, Upfront Ventures, Scale Venture Partners, and YC
Bland
$50M
San Francisco, CA-based voice AI startup

A16z, Khosla Ventures, and Pear VC
Convey
$38M
San Francisco, CA-based developer of enterprise AI agents

AE Ventures, Squadra Ventures, KAS Venture Partners, Construct Capital, Lux Capital, Ironspring Ventures, and Renegade Partners
Copia
$26M
New York City, NY-based industrial code management and recovery provider

AE Ventures, Squadra Ventures, KAS Venture Partners, Construct Capital, Lux Capital, Ironspring Ventures, and Renegade Partners
Copia Automation
$26M
New York City, NY-based provider of industrial code management and resiliency, solutions

Decibel, Sequoia, Crosspoint Capital Partners, Craft Ventures, Shield Capital, Felicis, and In-Q-Tel
Ent
$100M 
San Francisco, CA-based workspace security startup

Voyager Ventures, Trust Ventures, Yamaha Motor Ventures, America’s Frontier Fund, Overlap Holdings, Material Impact, Engine Ventures, and El Cap
Foundation Alloy
$22M
Cambridge, MA-based metals engineering platform

Insight Partners, VMG Partners, Madrona, and Pruven
Gradial
$65M
Seattle, WA-based agentic marketing startup

Kindred Ventures, Nvidia, Ark Invest, SPLY Capital, Era Funds, Comcast Ventures, Magnetar, Peak6, Founders Fund, 10x Founders, Sterling Road, and Flume Ventures
Hydra Host
$100M
Miami, FL-based GPU management startup

Bettor Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners
Interchecks
$50M
New York City, NY-based real-time payments platform

Natural Capital, Amazon, AMD Ventures, GV, EQT, and IQT
Odyssey
$310M
Palo Alto, CA-based developer of world models

Unusual Machines
Powerus
$30M
West Palm Beach, FL-based developer of drones and counter-drone interceptors

Khosla Ventures, Accel, Boldcap, Nexus Venture Partners, Premji Invest, and Unbound
Pramaana Labs
$27M
San Francisco, CA-based AI verification startup

Emergence Capital, Obvious Ventures, Triatomic Capital, Factory, and First Spark Ventures
Radical Numerics
$50M
Menlo Park, CA-based AI research lab for biological data

Clavyst Bio, Amed Ventures, Ascension Ventures, Catalyst Health Ventures, Delos Capital, FemHealth Ventures, Iyengar Capital, and Sparta Group
Rejoni
$25M
Bedford, MA-based clinical-stage medtech focused on uterine health

Champ
Rhoback
$50M
Charlottesville, VA-based activewear brand

General Catalyst and Canaan
Rylo 
$85M
New York City, NY-based communication platform for the deaf and hard-of-hearing community

Silent Ventures, Lux Capital, Ora Global, NeverLift VC, Mana, Impatient Ventures, New Vista, and Entree Capital
Traysar
$25M
Austin, TX-based subterra defense-tech startup

Ascenta Capital, Janus Henderson Investors, Deep Track Capital, and insiders
Triveni Bio
$65M
Watertown, MA-based developer of antibody treatments for immunological and inflammatory disorders

Westlake BioPartners, Canaan Partners, Dawn Biopharma, and Alexandria Venture Investments
Vedana Therapeutics
$46M
Seattle, WA-based developer of migraine therapies

Bessemer Venture Partners, GV, NVIDIA, and Norrsken VC
Verse
$54M
San Francisco, CA-based grid connections company for data centers