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
BoxGroup
$550M
Seventh flagship VC fund ($275M) and its fourth follow-on fund ($275M)
Burnt Island Ventures
$50M
Second fund
Diversis
$1.2B
Third fundHigh
$270M
14th VC fund
Private Equity Deals
Sixth Street
CR Fitness Holdings
Undisclosed amount
Brandon, FL-based Crunch Fitness franchisee
BDT & MSD Partners
Designs for Health
Undisclosed amount
Palm Coast, FL-based supplements maker
Mainsail Partners
FieldFlo
Undisclosed amount
Denver, CO-based provider of project and safety management software for subcontractors
SkyKnight Capital
Force Electrical Services
Undisclosed amount
San Francisco, CA-based electrical distribution and transmission infrastructure services firm
River Pines Capital Growth
Loop
Undisclosed amount
New York, NY-based marketing tech company
FFL Partners
Janus Rx
Undisclosed amount
Montgomery, AL-based long-term care pharmacy for patients with serious mental illnesses
6North Partners and Carlyle
NEP Group
Undisclosed amount
Pittsburgh, PA-based provider of media services for live sports and entertainment
Ministry of Environment of South Korea, IMM Investment, Woori Private Equity Asset Management, and AB CarVal
Peregrine Energy Solutions
Undisclosed amount
Boulder, CO-based utility-scale renewables and energy storage develope
Carrick Capital Partners
Veritas Prime
Undisclosed amount
Orlando, FL-based provider of SAP SuccessFactors and payroll tech solutions
Curewell Capital
Wilmington Pharmatech
Undisclosed amount
Christiana, DE-based drug manufacturer
Venture Capital Deals
Spark Capital, Sapphire Ventures, Khosla Ventures, Sequoia Capital, and Index Ventures
Anrok
$55M
San Francisco, CA-based sales tax compliance automation startup
Lowercarbon Capital, Voyager Ventures, Gigascale Capital, and Marathon Petroleum
Arbor Energy
$55M
El Segundo, CA-based power and carbon removal startup
General Catalyst
Chainguard
$280M
Kirkland, WA-based open source security startup
Two Bear Capital, Allegis Cyber, and Gula Tech Adventures
Conceal
$26M
Augusta, GA-based cybersecurity startup
Mainsail Partners
CourtReserve
$54M
St. Augustine, FL-based provider of tennis and pickleball club management software
Insight Partners, UpWest, and Resolute Ventures
Darwin AI
$15M
Chicago, IL-based AI adoption startup for government agencies
XYZ VC, The General Partnership, Bloomberg Beta and WndrCo.
Defakto
$31M
Palo Alto, CA-based startup that secures automated interactions
Nextech, EQT Life Sciences, Sanofi, HBM Healthcare Investments, and Mubadala
Electra Therapeutics
$183M
San Francisco, CA-based biotech focused on immunology and cancer
M13, Firstmark, and Operator Partners
Estuary
$17M
New York, NY-based enterprise data platform
Flagship Pioneering
Expedition Medicines
$50M
Cambridge, MA-based AI drug discovery startup using quantum covalent chemistry
Sequoia Capital and Kleiner Perkins
Fal.ai
$250M
San Francisco, CA-based provider of media AI models for developers
Two Bear Capital, Gula Tech Adventures, and Next Frontier Capital
Gravwell
$15.4M
Minneapolis, MN-based data analytics and security platform
Anthos Capital, Harmonic Growth Partners, and Across Capital
HiveWatch
$33M
El Segundo, CA-based provider of physical security software
Healthier Capital, Norwest, Define Ventures, Bon Secours Mercy Health, and ServiceNow Ventures
Hyro
$45M
New York, NY-based developer of call-center agents for health care
IVP, Sequoia Capital, Benchmark, CapitalG, and Sapphire Ventures
LangChain
$125M
San Francisco, CA-based agent engineering platform
GV, Coatue, Conviction Capital, and Thrive Capital
OpenEvidence
$210M
Cambridge, MA-based AI medical assistant for doctors
Eclipse and Nvidia
Redwood Materials
$350M
Carson City, NV-based battery recycling and grid storage firm
Insight Partners and JP Morgan
Roller
$50M
Austin, TX-based venue management platform
Caffeinated Capital, Convective Capital, First Round Capital, Transition VC, Advance Venture Partners, Nextview Ventures, Bullpen Capital, Stepstone Group, DCVC, Offline Ventures, Roar Capital, and Slow Ventures
Seneca
$60M
San Francisco, CA-based maker of firefighting drones
Redpoint Ventures, First Round, General Catalyst, Box Group, Bessemer Venture Partners, and Chemistry
Serval
$47M
San Francisco, CA-based IT service management platform
Sequoia Capital and Spark Capital
Sesame
$250M
New York, NY-based smart glasses and conversational AI startup
Avenir, Bain Capital Ventures, Bessemer Venture Partners, and Menlo Ventures
Shop My Shelf
$70M
New York, NY-based curated commerce infrastructure company
Craft Ventures
Starbridge
$42M
Rochester, NY-based govtech startup for business sales teams
CDP Venture Capital, TTV Capital, P101, Monte Carlo Capital, 3Lines VC, Azimut, and Evolution VC
Streetbeat
$15M
Palo Alto, CA-based developer of agents for wealth managers
Canaan Partners, Coatue, Square Peg Capital, Zetta Venture Partners, Bloomberg Beta, AIX Ventures, Marc Benioff, and Nat Friedman
Sumble
$38.5M
San Francisco, CA-based sales intelligence startup
Lightspeed, Matrix Partners, Founder Collective, and Nat Friedman
Suno
$125M
Cambridge, MA-based AI music generator
Greenoaks, Thrive Capital, Sequoia, Ribbit Capital, and SV Angel
Tempo
$500M
San Francisco, CA-based blockchain-based payments startup
Nvidia, AMD, Snowflake Ventures, Databricks Ventures, NEA, March Capital, BNF Capital, National Grid Partners, and Prosperity7
Uniphore
$260M
Palo Alto, CA-based AI business cloud provider
OpenAI Startup Fund, Lux Capital, and Founders Fund
Valthos
$30M
New York, NY-based biodefense startup
Adjuvant Capital and RA Capital Management
VitriVax
$17M
Boulder, CO-based vaccine formulation company