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
Gradient
$220M
AI-focused seed fund
QHP Capital
$1.1B
Single-asset CV for Azurity Pharmaceuticals
Sands Capital
$1.1B
Third “global innovations” fund
Private Equity Deals
Audax Private Equity
AKAM
Undisclosed amount
New York City, NY-based property management and real estate firm
Black Bay Partners
Altara
Undisclosed amount
Rogers, AR-based provider of hydrogen sulfide removal solutions for sour oil and water production
Proviso Capital
American Color Imaging
Undisclosed amount
Cedar Falls, IA-based photo lab
Fort Point Capital
Boston Green
Undisclosed amount
Freetown, MA-based provider of environmental services like waste disposal and emergency response
Sterling Investment Partners
Cyber Advisors
Undisclosed amount
Maple Grove, MN-based cybersecurity and managed IT services provider
Palladium Equity Partners
DME Express
Undisclosed amount
The Woodlands, TX-based provider of medical equipment for hospitals
Bain Capital
Duravent
Undisclosed amount
Detroit, MI-based provider of venting and air movement solutions
Franchise FastLane
Franchise Creator
Undisclosed amount
Miami, FL-based franchise consultancy
James River Home Health
Golden Rule HospiceUndisclosed amount
Atlanta, GA-based hospice operator
SouthernCarlson
Greenwald Supply Direct
Undisclosed amount
Hyattsville, MD-based building products distributor
Trimlite
Harris Door & Millwork
Undisclosed amount
Pendergrass, GA-based distributor of interior and exterior doors
Chartis
Leap AI
Undisclosed amount
San Francisco, CA-based provider of health-care ops enablement tech
3M and Bain Capital
Madison Fire & Rescue
$1.95B
Oak Brook, IL-based rescue technology and fire-suppression products company
AirX Climate Solutions
Northern Air Systems
Undisclosed amount
Rochester, NY-based maker of packaged HVAC systems
Capstone Point
Optimal
Undisclosed amount
Los Angeles, CA-based media planning and buying agency
Mechanix Wear
OTEX
Undisclosed amount
Rochester, NY-based maker of personal protective equipment
Tech24
Pacific Standard Service
Undisclosed amount
Albany, CA-based provider of commercial cooking equipment
Viventium
Perks4Care
Undisclosed amount
Boca Raton, FL-based rewards platform for post-acute care workers
Paratek Pharmaceuticals
Radius Health
Undisclosed amount
Boston, MA-based developer of an osteoporosis therapy
Technimark
Rage Custom Plastics
Undisclosed amount
Hilliard, OH-based provider of blow and injection-molded plastic products for health care
Hamilton Lane
Republic
Undisclosed amount
New York City, NY-based private markets investment platform
Zenobē Energy
Revolv
Undisclosed amount
San Francisco, CA-based fleet charging firm
Burlington Capital Partners and RF Investment Partners
RS Boes
Undisclosed amount
Pensacola, FL-based franchisee of building services company Neighborly
Icelandirect
Soma Labs
Undisclosed amount
Middlesex, NJ-based supplements manufacturer
Nexus Health
Stratis Group
Undisclosed amount
Palm Beach, FL-based pharmaceutical consulting firm
Warburg Pincus
TheGuarantors
Undisclosed amount
New York City, NY-based provider of residential lease guarantee solutions and underwriting for rental housing
GoldState Music and TA Associates
Too Lost
Undisclosed amount
New York City, NY-based music tech and services platform for independent artists and record labels
PennAero
TriMas
Undisclosed amount
Bloomfield Hills, MI-based packaging materials company
Venture Capital Deals
Eclipse, a16z, Menlo Ventures, Lowercarbon, Necessary Ventures, and Offline Ventures
Arc
$50M
Los Angeles, CA-based maker of electric boats
General Catalyst
Beautiful.ai
$45M
San Francisco, CA-based presentation software startup
Bain Capital Crypto, Alumni Ventures, True Ventures, Anthos Capital, Bloomberg Beta, and Knight Foundation
Bluesky
$100M
Seattle, WA-based social network
Volition Capital
BusRight
$30M
New York City, NY-based student transportation startup
Bain Capital Ventures, IVP, 01 Advisors, 137 Ventures, Definition, and Fifth Down Capital
Cape
$100M
Arlington, VA-based mobile carrier
General Catalyst, Red Cell Partners, Systemiq Capital, Aero X Ventures, and Trenches Capital
Claros
$30M
Mclean, VA & Torrance, CA-based power management solutions company
General Catalyst, Liberty City Ventures, Lux Capital, Human Capital, Marquee Ventures, Fifth Growth Fund, NFL Players Association, LG Technology Ventures, Assurant Ventures, and DuckDuckGo
Cloaked
$375M
Lowell, MA-based consumer-focused privacy platform
Felicis, Conviction, Timeless, Artisanal Ventures, Lux Capital, Sunflower Capital, Datadog, and SV Angel
Corridor
$25M
San Francisco, CA-based AI coding security startup
Taiho Ventures, Arkin Bio Capital, Sixty Degree Capital, Hamilton Square Partners Management, LifeLink Ventures, Libbs Ventures, Blood Cancer United, MPM BioImpact, Pfizer Ventures, BVF Partners, Polaris Partners, Eli Lilly, and Mirae Asset Venture Investment
Crossbow Therapeutics
$77M
Cambridge, MA-based developer of cancer immunotherapies
Peak6 Strategic Capital, Ten Eleven Ventures, and an undisclosed bank
Eclypsium
$25M
Portland, OR-based IT infrastructure supply chain security startup
Sequoia Capital, A*, and 8VC
Edra
$30M
New York City, NY-based workflow automation startup
MVP Ventures, Fidelity, Top Tier, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, StepStone Group, and Alumni Ventures
Frore Systems
$143M
San Jose, CA-based data center cooling startup
Footwork, Primary Venture Partners, NextView Ventures, and Commerce Ventures
Fuse
$25M
New York City, NY-based loan origination system startup
TomEnterprise and Underground Ventures
GA Drilling
$44M
Houston, TX-based developer of geothermal drilling tech
Goldman Sachs
GeoWealth
$42.5M
Chicago, IL-based wealth management tech platform
Energized Capital, Zero Infinity Partners, Congruent Ventures, Obvious Ventures, and Sabanci Climate Ventures
Halcyon
$21M
San Francisco, CA-based energy data startup
Sei Development Foundation and Laidlaw Private Equity
Ironlight
$21M
Austin, TX-based developer of a regulated marketplace for tokenized securities
Coatue
Kalshi
$1B
New York City, NY-based largest predictions marketplace in the U.S.
B Capital, M12, Okta Ventures, MongoDB Ventures, Hearst Ventures, and Benchstrength
Knox Systems
$25M
Washington, DC-based cloud provider for the U.S. federal government
Spark Capital, Transformation Capital, Conviction, McKesson Ventures, General Catalyst, and Y Combinator
Latent Health
$80M
San Francisco, CA-based startup automating pharmacy workflows
Ballistic Ventures, General Catalyst, YL Ventures, and Merlin Ventures
Native
$42M
Seattle, WA-based cloud security startup
FirstMark, Causeway Ventures, Goodwater Capital, Companyon Ventures, and Epic Ventures
Posh
$37M
New York City, NY-based events platform
Abingworth, F-Prime Capital, DaVita Venture Group, Curie.Bio, SymBiosis, and U.S. Renal Care
R1 Therapeutics
$77.5M
Redwood City, CA-based biotech focused on chronic kidney disease
Norwest, Elron Ventures, RedSeed, UpWest, SentinelOne, Jibe Ventures, Dnipro VC, CyberFuture, and Unusual Ventures
Raven.io
$20M
Palo Alto, CA-based application security startup
YZi Labs
Roboforce
$52M
Milpitas, CA-based developer of industrial robots
Khosla Ventures, S32, Anthropic’s Anthology Fund, Menlo Ventures, Conviction, and Elad Gil
RunSybil
$40M
San Francisco, CA-based AI cybersecurity startup
Iconiq and CRV
Standard Template Labs
$49M
New York City, NY-based service management platform
Oak HC/FT, a16z, Adams Street Partners, and Yosemite
Turquoise Health
$40M
San Diego, CA-based health-care pricing startup
The Venture Collective, Droia Ventures, Merck Global Health Innovation Fund, Artis Ventures, and First Spark Ventures
Unnatural Products
$45M
Santa Cruz, CA-based developer of macrocyclic peptide therapeutics
DFJ Growth, Northzone, Alkeon Capital, Sofina, Altimeter, NFDG Ventures, and Sequoia Capital
Xbow
$120M
Seattle, WA-based autonomous offensive security startup