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
Atlas Venture
$400M
Third opportunities fund
Benefit Street Partners
$2.3B
Continuation fund
Carlyle
$20B
Private equity secondaries ($5b) and eighth AlpInvest fund ($15B)
Great Hill Partners
$7B
Ninth flagship PE fund
Private Equity Deals
Quad-C
Accurate Meter & Supply
Undisclosed amount
Katy, TX-based provider of water, sewer and drainage distribution and services
Parthenon Capital
Embark
Undisclosed amount
Dallas, TX-based management and financial consultancy
Rhone
Freddy’s Frozen Custard & Steakburgers
Undisclosed amount
Wichita, KS-based restaurant chain
Durational Capital Management
Garage Beer
Undisclosed amount
Columbus, OH-based light-beer maker backed by Travis and Jason Kelce
Rainier Partners
Kleen-Tech Services
Undisclosed amount
Denver, CO-based janitorial services provider
Charlesbank Capital Partners
Q6 Cyber
Undisclosed amount
Hollywood, FL-based threat intelligence platform focused on fraud and financial crime
Bregal Sagemount
Spark Membership
Undisclosed amount
Tampa, FL-based provider of membership management and payments software for martial arts studios
Cantilever Group
Tecum Capital
Undisclosed amount
Pittsburgh, PA-based midmarket PE firm
STG
Yodlee
Undisclosed amount
Raleigh, NC-based finance data platform
Venture Capital Deals
Portage Ventures, a16z, M13, and Fika Ventures
Allocate
$30M
San Francisco, CA-based provider of private markets software
Iconiq, Bessemer Venture Partners, Foundry Capital, and The Chertoff Group
Anthropic
$13B
San Francisco, CA-based public-benefit AI research firm and developer of the Claude family of large language models
Bond, CapitalG, Premji, Scribble, Conviction, 01a, IVP, Spark Capital, and Greylock
Baseten
$150M
San Francisco, CA-based AI inference infrastructure startup
GE Aerospace
BETA Technologies
$300M
South Burlington, VT-based maker of electric aircraft
Arboretum Ventures and Hatteras Venture Partners
Boomerang Medical
$20M
Mountain View, CA-based developer of an implantable neuromodulation system for IBS
Brewer Lane Ventures, New York Life Ventures, MassMutual Ventures, Perceptive Ventures, F-Prime, Flyover Capital, and Fika Ventures
Dispatch
$18M
Miami, FL-based provider of data orchestration software for financial advisories
Premji Invest, Baillie Gifford, Kinnevik, Lingotto Investment Management, Peakline Partners, FPV, Socium Ventures, Dimension, Level Ventures, Henry Kravis, IA Ventures, and Lux Capital
Enveda
$150M
Boulder, CO-based drug discovery startup that focuses on medicinal plants
Venrock, HSBC Asset Management, Spero Ventures, Toba Capital, Designer Fund, and Commonwealth Ventures
Euclid Power
$20M
Bloomington, MN-based provider of clean energy project management software
Benchmark, Lightspeed, Nvidia, and YCombinator
Exa
$85M
New York, NY-based search engine for AI
Dimension Capital, Stage 2 Capital, Flybridge Capital Partners, Ridge Ventures, Tokyo Black Venture Capital, and Vermillion Cliffs Ventures
Fiveonefour
$17M
Portland, OR-based developer toolkit for analytical backends
First Round, Core VC, Rethink Impact, Cameron Ventures, YC, and Liquid2
Flex
$15M
Austin, TX-based HSA and FSA payment service provider
Sofinnova Partners, Norwest Venture Partners, Elevage Medical Technologies, Ally Bridge Group, Perceptive Xontogeny Venture Fund, Janus Henderson Investors, and Longaeva
Galvanize Therapeutics
$100M
Redwood City, CA-based cancer and lung disease biotech
Base10 Partners, Tokio Marine, WaVe-X, World Innovation Lab, a16z, and YCHappy
Robot
$44M
San Francisco, CA-based AI workforce management platform
Scale Venture Partners, 8VC, Bling Capital, Max Ventures, Remus Capital, and FirstLook Partners
Hello Patient
$22.5M
Austin, TX-based AI platform for patient communications
YZi Labs, Republic Digital, HyperChain Capital, Breyer Capital, Big Brain Holdings, Crypto.com, DNA Fund, Selini Capital, Protein Capital, Quantstamp, and Web3
HemiLabs
$15M
New Castle, DE-based developer of a Bitcoin programmability layer
Ribbit Capital, Ares Credit, Moonshots Capital, and Positive Sum
ID.me
$340M
McLean, VA-based digital identity company
Transformation Capital, Lightspeed Venture Partners, MIT’s E14 Fund, Ubiquity Ventures, and 53 Stations
Ketryx
$39M
Cambridge, MA-based safety compliance platform for life science
sa16z, Khosla Ventures, Ribbit Capital, Coatue Management, Zeev Ventures, Iconiq Capital, and Greycroft
Lead Bank
$70M
Kansas City, MO-based lender
Canapi Ventures, a16z, Curql, Remarkable Ventures, and Intercontinental Exchange
ModernFi
$30M
New York, NY-based provider of deposit-management infrastructure for community and regional banks and credit unions
Vanedge Capital, Edge Venture Capital, NEA, Fusion Fund, Knollwood Capital, Dolby Family Ventures, Khosla Ventures, imec.xpand, Keymaker, Ohio Innovation Fund, and Hyperlink Ventures
Mojo Vision
$75M
Cupertino, CA-based micro-LED platform
Quiet Capital, Shine Capital, General Catalyst, Contrary, Mythos, Valyrian, and Ravelin
Orchard Robotics
$22M
San Francisco, CA-based developer of vision tech for farms
Base10 Partners, Northzone, Eniac, and Era Ventures
Predoc
$30M
New York, NY-based medical records management automation startup
Touring Capital, Mayfield, MVP Ventures, Revolution Ventures, SBI Investment, BOLD Capital, XPV-Exponential Ventures, and Idealab Studio
ProRata.ai
$40M
Pasadena, CA-based chatbot that shares revenue with media publishers
Honeywell, Quanta Computer, NVentures, JPMorgan, Mitsui, and Amgen
Quantinuum
$600M
Broomfield, CO-based quantum computing group
Bessemer Venture Partners, HubSpot Ventures, Salesforce Ventures, Ridge Ventures, YCombinator, and RTP Ventures
Recall.ai
$38M
San Francisco, CA-based platform that allows software developers access to meeting recordings
Centana Growth Partners
Reggora
$18M
Boston, MA-based real estate appraisal software startup
Hedosophia, Insight Partners, Center 15 Capital, 645 Ventures, Moore Strategic Ventures, Booz Allen Ventures, Squadra Ventures, AE Industrial, Disruptive, CSP Equity Partners, and Savano Capital Partners
Shift5
$75M
Arlington, VA-based observability platform
Arch Venture Partners, OrbiMed, GV, and KKR
Treeline Biosciences
$200M
Watertown, MA-based cancer drugmaker
Red Dot Capital Partners, Nyca, Wing VC, DCG, Cerca Partners, Funfair Ventures, and SilverCircle
Utila
$22M
New York, NY-based digital asset ops platform for stablecoins
Spring Rock Ventures
Vouched
$17M
Seattle, WA-based identity and agent verification startup
Cox Enterprises, Georgian, Salesforce Ventures, and Norwest
You.com
$100M
Palo Alto, CA-based enterprise AI infrastructure startup