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
Advent International
$30B
11th flagship fund and new midmarket fund
RedBird Capital Partners
$1B
Investment partnership with Sound Ventures
U&I Ventures
$32M
Debut seed fund
Private Equity Deals
Thrive Holdings
ADT
$15.3B
Boca Raton, FL-based home security company
TempusDirect
Aldrich Capital Partners
Undisclosed amount
Tempe, AZ-based provider of third-party claims cost containment solutions for P&C insurers
InTandem Capital Partners
Atlas Health
Undisclosed amount
Las Vegas, NV-based patient affordability platform
HappyCo
Banner Technologies
Undisclosed amount
San Francisco, CA-based provider of CapEx management software for real estate
Hunter Point Capital
Bow River Capital
Undisclosed amount
Denver, CO-based alternative asset manager
Adventure Ready Brands
CleanLife No Rinse
Undisclosed amount
Springboro, OH-based maker of waterless personal hygiene products
A&M Capital Partners
Delta Group
Undisclosed amount
Buford, GA-based provider of investigative and claims support services
Platinum Equity
EDP
Undisclosed amount
Chicago, IL-based propane distributor
Edge Industrial Technologies
Harvest Blade
Undisclosed amount
Salinas, CA-based industrial blade resharpening and supply company
Virent Capital
Kanahoma
Undisclosed amount
San Diego, CA-based higher-ed marketing agency
Bertram Capital
Motion & Control Enterprises
Undisclosed amount
Zelienople, PA-based provider of flow control and hydraulic products
Americhem
Noble Biomaterials
Undisclosed amount
Scranton, PA-based provider of antimicrobial and conductivity solutions for soft-surface applications
Scan Global Logistics
OIA Global
Undisclosed amount
Portland, OR-based freight forwarder
I Squared Capital
Orizon Aerostructures
Undisclosed amount
Kansas City, MO-based aerospace components manufacturer
Commercial Bakeries
Partners
Undisclosed amount
Des Moines, WA-based maker of crackers and baked goods
Gryphon Investors and Anthropic
phData
Undisclosed amount
Minneapolis, MN-based provider of big data management solution
Burns Engineering
PRVN Consultants
Undisclosed amount
Iowa City, IA-based energy engineering firm
Third Space Partners
Quest Events
Undisclosed amount
Frisco, TX-based provider of drape and modular scenic solutions for live events
Leonard Green & Partners
Radon Medical Imaging
Undisclosed amount
Charleston, WV-based medical equipment repair and maintenance company
Procede Software
RIMSS
Undisclosed amount
San Antonio, TX-based provider of dealer management systems for agriculture, construction, and transportation
Numerix
Suite
Undisclosed amount
Brooklyn, NY-based provider of financial analytics software for derivatives and fixed income pricing and risk management
Speyside Equity
Tapco Tube
Undisclosed amount
Meadville, PA-based maker of steel tubing and building products
Francisco Partners
Weave
$650M
Lehi, UT-based patient engagement platform
Relation Insurance Services
Wright Insurance Planning
Undisclosed amount
St. Louis, MO-based independent private insurance firm
Oak Hill Capital
Wyyerd
Undisclosed amount
Phoenix, AZ-based fiber-to-the-premises broadband provider in Arizona and Southern California
Venture Capital Deals
Frist Cressey Ventures, Sorenson Capital, Hearst Ventures, Morgan Stanley Next Level Fund, and Fuse
Avante
$30M
Seattle, WA-based provider of health benefits software
CapitalG, Emergence Capital, US Innovative Technology Fund, Bessemer Venture Partners, Temasek, 8VC, Georgian, Valor Equity Partners, Xora, Eclipse, Perry Creek Capital, and Nvidia
Bedrock Robotics
$600M
San Francisco, CA-based maker of autonomous construction equipment
Khosla Ventures, YC, and Operator Partners
Broccoli
$52M
San Francisco, CA-based automated customer platform for home service businesses
Base10 Partners, Experian, and Synchrony
Casap
$56M
San Francisco, CA-based platform for automating financial disputes and fraud investigations
Thomvest Ventures, Intuit Ventures, Small World Capital, Alpha Square Group, Iconiq Growth, Accel, Insight Partners, Better Tomorrow Ventures, Avid Ventures, Vintage Investment Partners, Colle Capital, Synchrony, RXR, and The Fintech Fund
Coast
$35M
New York City, NY-based fintech for tracking worker credit card use
Advent International and Rochefort Asset Management
Firehawk
$150M
Dallas, TX-based maker of rocket motors
Marlinspike Partners, Khosla Ventures, SE Ventures, and Wing VC
Foundry Robotics
$100M
Emeryville, CA-based autonomous factory developer
8VC, General Catalyst, A*, and Roelof Botha
Fragment
$56M
New York City, NY-based procurement startup
Blackbird Ventures and Abstract Ventures
General Compute
$100M
San Francisco, CA-based inference neocloud
The Column Group, Nextech Invest, Deviation Capital, 8VC, and CPP Investments
Hexagon Bio
$62M
Menlo Park, CA-based developer of payload mechanisms for antibody-drug conjugates
Walden Catalyst, Dell Technologies Capital, General Catalyst, Vista Equity Partners, and Cambium Capital
Hyperbolic
$30M
San Francisco, CA-based AI chip marketplace
Nexus Venture Partners, B Capital, Foundation Capital, BoldCap, and Gaia Ventures
Hyphenate
$40M
New York City, NY-based autonomous finance platform for businesses
Elad Gil, Gradient, and YC
Infisical
$40M
San Francisco, CA-based cybersecurity startup
Camino Partners
Intake Breathing
$62M
Santa Barbara, CA-based maker of a magnetic nasal dilator
Wellington, Sequoia Capital, Baillie Gifford, Stripes, a16z, Coatue, Layer Global, Morgan Stanley Investment Management, Sequoia Global Equities, CapitalG, Hudson River Trading, and Balyasny Asset Management
Kalshi
$1B
New York City, NY-based U.S. prediction market
Peak XV, Tola Capital, South Park Commons, INCE Capital, and Alumni Ventures
Maxinsights
$30M
Santa Clara, CA-based robot training data startup
Valorous, a16z, Foundry, and CommonSpirit Ventures
Midstream Health
$20M
San Francisco, CA-based health-care revenue recovery startup
EQT Ventures, Charles Schwab, QuantumLight, Sequoia Capital, Iconiq, and Ribbit Capital
Nevis
$70M
New York City, NY-based wealth management
OS Edison Partners
Numeracle
$28M
McLean, VA-based identity management startup
Avego and BroadOak Capital Partners
Opentrons
$40M
Long Island City, NY-based lab automation biotech
Modi Ventures, LifeArc, Artis Ventures, Resmed, Scrum Ventures, Drive by DraftKings, Wheelhouse 360, Wise Ventures, Niremia Collective, Accelerate Ventures, and World Solver Syndicate
Ozlo
$22M
Boston, MA-based maker of earbuds for sleep
General Catalyst and JPMorgan Strategic Investment
Re:Build
$2.1B
Cambridge, MA-based provider of industrial manufacturing solutions
MaC Venture Capital, Toyota Ventures, University of Michigan Endowment, Astera Ventures, Industrious Ventures, Aurelia Foundry, ATX Venture Partners, and Mana Ventures
Rendezvous Robotics
$20M
Golden, CO-based developer of self-assembling spacecraft
Sequoia Capital, Elad Gil, Evantic, First Round, General Catalyst, Redpoint, Conviction, and Headline
Serval
$150M
San Francisco, CA-based IT service management platform
Deerfield Management, Canaan, Droia Ventures, EcoR1, Euclidean Capital, Regeneron Ventures, and Jazz Pharmaceuticals
Setara Biosciences
$90M
San Diego, CA-based rare disease biotech formed by Actio Biosciences alums
Forerunner Ventures and Greylock
SuperMe
$20M
San Francisco, CA-based expert network
Threshold Ventures, Optum Ventures, Mantis VC, SV Angel, YC, and Gradient
Vera Health
$28.5M
San Francisco, CA-based clinical AI search engine
IVP, a16z, Forerunner Ventures, Amazon Alexa Fund, Tobi Lütke, Marc Benioff, Marissa Mayer, Dick Costolo, and Alex Pall
Wabi
$55M
San Francisco, CA-based AI assistant maker
