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

BVP Forge
$1B
Second fund

DigitalBridge
$11.7B
Third digital infrastructure fund ($7.2B) and coinvestment commitments ($4.5B)

JP Morgan
$1B
Second private equity co-investment fund

Monogram Capital Partners
$350M
Third fund

Rockland Capital
$1.2B
Fifth power-focused fund

Tailwater Capital

$425M
Fifth flagship fund focused on energy infrastructure

The LegalTech Fund
$110M
Second fund

Private Equity Deals

TA Associates
Aeris
Undisclosed amount
San Jose, CA-based provider of IoT connectivity SaaS

Frontenac Co.
Beckway Consulting
Undisclosed amount
New York, NY-based consultancy focused on financial sponsors

Bain Capital
Concert Golf Partners
Undisclosed amount
Lake Mary, FL-based golf club operator 

Tiger Infrastructure Partners
ELM Utility Services
Undisclosed amount
Peoria, IL-based outsourced public utility locating services company

GTCR
Fiduciary Trust Co.
Undisclosed amount
Boston, MA-based private wealth manager and trust company

Long Ridge Equity Partners
GoTu Technology
Undisclosed amount
Miami, FL-based dental talent marketplace

H.I.G. Capital
GT Independence
Undisclosed amount
Sturgis, MI-based provider of long-term home care and support solutions for Medicaid participants

Vance Street Capital
Injectech
Undisclosed amount
Fort Collins, CO-based provider of injection-molding and clean-room assembly to medical OEMs

Viking Global Investors
Machine Sciences
Undisclosed amount
Tualatin, OR-based aerospace component supplier and manufacturer

Arkview Capital
NeoTech
Undisclosed amount
Chatsworth, CA-based electronics manufacturer.

Blackford Capital
Texas Injection Molding
Undisclosed amount
Houston, TX-based manufacturer of injection molded industrial components

Leonard Green
Topgolf
Undisclosed amount
Dallas, TX-based tech-enabled golf company delivering leading golf equipment, apparel and entertainment

Venture Capital Deals

Forerunner, Benchmark, Craft Ventures, AlleyCorp, Antler, and Starting Line
Agentio
$40M
Brooklyn, NY-based platform for creator-led advertising

Mission BioCapital, Santé Ventures, Lightchain Capital, and Cobro Ventures
AI Proteins
$41.5M
Boston, MA-based miniprotein drug developer

U.S. Venture Partners, Swisscom Ventures, Vertex Ventures, and 33N Ventures
Apono
$34M
New York, NY-based cloud identity-security startup

TriEdge Investments, MFO Ventures, and WindRose Health Investors
Arbiter
$52M
New York, NY-based provider of health care orchestration tools

IAG Capital Partners, Hitachi Ventures, Bezos Expeditions, Venrock, Amazon Industrial, Innovation Fund, Samsung Ventures, Systemiq Capital, E12 Ventures, and Higher Life Ventures
Archetype AI
$35M
Palo Alto, CA-based developer of AI models for the physical world

OrbiMed, ARCH Venture Partners, Frazier Life Sciences, Revelation Partners, Medical Excellence Capital, S32, Axon Ventures, Lyfe Capital, and LifeForce Capital
Aspen Neuroscience
$115M
San Diego, CA-based personalized cell therapy company

Felicis, Initialized, Khosla Ventures, and Y
Automat
$15.5M
San Jose, CA-based enterprise workflow automation startup

Greylock, Mangusta Capital, Mantis VC, and Pier 88 Investment Partners
Bedrock Data
$25M
Menlo Park, CA-based data management platform

CapitalG, Sutter Hill Ventures, Valor Equity Partners, Atreides Management, and Maverick Silicon
Celero Communications
$100M
Laguna Beach, CA-based provider of digital signal processors for AI infrastructure

Viola Growth and OpenView
Chargeflow
$25M
New York, NY-based fintech that automates chargeback disputes

Canapi Ventures
Coverbase
16.5M
San Francisco, CA-based AI procurement and risk platform

Bessemer Venture Partners, George Kurtz, NTT Docomo Ventures, and Aurum Partners
Doppel
$70M
San Francisco, CA-based social engineering defense platform

Goldman Sachs Alternatives, Emergence Capital, Caffeinated Capital, StepStone Group, and Pear VC
Federato
$100M
San Francisco, CA-based provider of insurance workflow software

Redpoint Ventures, a16z, FirstMark, Battery Ventures, and Menlo Ventures
Function Health
$298M
Austin, TX-based longevity startup

Emergence Capital Partners, SBI Investment, LG Technology Ventures, Pavilion Capital, and Uphonest Capital
Genspark
$275M
Laguna Beach, CA-based developer of agentic AI for knowledge workers

Tiger Global and Generation Investment Management
Gridware
$55M
San Francsico, CA-based electric grid protection startup

Citadel Securities, Jane Street, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital
Kraken
$800M
Cheyenne, WY-based crypto exchange

TWG Global and US Innovative Technology Fund
Lambda
$1.5B
San Francisco, CA-based cloud infrastructure provider

Humain, AMD Ventures, a16z, Amplify Partners, and Matrix Partners
Luma AI
$900M
Palo Alto, CA-based video generation platform

a16z, General Catalyst, Blackstone, Crossbeam Venture Partners, Forward Deployed Venture Capital, and Pax Ventures
Method Security
$26M
Saint Paul, MN-based dual-use cybersecurity company

Thrive Capital, New York Life Ventures, Northwestern Mutual, and Allegis
Modern Life
$20M
New York, NY-based provider of AI tools for financial advisors to offer life insurance

PEP Capital, Samsung Ventures, Top Material, General Motors Ventures, Catalus Capital, Itochu Corp., Fortistar Capital, and WindSail Capital Group
Nanoramic
$54M
Boston, MA-based battery startup

8VC, Blue Venture Fund, Amboy Street Ventures, and Socium Ventures
Nest Health
$22.5M
New Orleans, LA-based value-based care company focused on families

IVP, Menlo Ventures, Founders Fund, Alkeon, 8VC, Socii Capital, Access Industries, Friends & Family Capital, and Long Journey Ventures
Numeric
$51M
San Francisco, CA-based accounting automation startup

Gilde Healthcare, Vensana Capital, and USVP
Okami Medical
$45M
Aliso Viejo, CA-based vascular embolization tech startup

Prelude Growth Partners, Unilever Ventures, Willow Growth Partners, and Selva Ventures
Perelel
$27M
Los Angeles, CA-based maker of women’s supplements

CapitalG, Lux Capital, Thrive Capital, Jeff Bezos, Emergence, Index Ventures and T. Rowe Price
Physical Intelligence

$600M
San Francisco, CA-based developer of AI software for robots

Playground Global and Celesta Capital
PowerLattice
$25M
Vancouver, WA-based low-power chiplet developer

Altimeter, Bezos Expeditions, Spark Capital, Insight Partners, and Air Street Capital
Profluent
$106M
Emeryville, CA-based protein design AI startup

Apax
RapidSOS
$100M
New York, NY-based emergency response data platform

Yosemite, Abingworth, Ally Bridge Group, B Capital, Balyasny Asset Management, Merck, SymBiosis, Alexandria Venture Investments, AyurMaya Capital Management, DC Global Ventures, General Atlantic, and Surveyor Capital
Solve Therapeutics
$120M
San Diego, CA-based developer of ADCs for solid tumor malignancies

T. Rowe Price, VXI Capital, Yamaha Motor Ventures, and Overlay Capital
Sortera
$45M
Markle, IN-based aluminum-sorting startup

A16z, YC, and Felicis Ventures
Sphere
$21M
New York, NY-based tax compliance platform

A16z, Activant Capital, Khosla Ventures, 1984 Ventures, Carya Venture Partners, Page One Ventures, Vesey Ventures, and Valley Ventures
Stuut
$29.5M
New York, NY-based accounts receivables automation startup

Menlo Ventures, Hallwood Media, Lightspeed, Matrix, and NVentures
Suno
$250M
Cambridge, MA-based AI music platform

Permanent Capital, D.R. Horton, and Engineering Capital
Tidalwave
$22M
New York, NY-based AI platform for mortgage origination

GreenSoil PropTech Ventures
Tulu
$17M
New York, NY-based provider of on-demand access to appliances and entertainment devices for apartment building tenants

Eclipse, Woodline Partners, Principia Growth, XN and Alsop Louie Partners
Ursa Major Technologies
$100M
Berthound, CO-based rocket engine startup

S3 Ventures and Intuitive Venture
VahatiCor
$23M
Santa Clara, CA-based cardiac medtech

Notable Capital and Flight Fund
Wispr
$25M
San Francisco, CA-based dictation app