The Scherzer Deal Report: November 11-15, 2024

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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

Forerunner Ventures
$500M
Seventh early-stage fund

Godspeed Capital
$675M
Third fund

Portal Ventures
$75M
Second fund

Transom Capital Group
$675M
Fourth fund

Private Equity Deals

Inverness Graham
Alliant
Undisclosed amount
Brewster, NY-based advertising data firm

Go Capital and Station Partners
Arketi Group
Undisclosed amount
Atlanta, GA-based digital marketing and PR agency for B2B tech companies

Stonepeak
Boundary Street Capital
Undisclosed amount
Alexandria, VA-based private credit firm

Golden Gate Capital
Brava
Undisclosed amount
Washington, IA-based provider of composite roofing materials

Lone View Capital
CargoSprint
Undisclosed amount
Peachtree City, GA-based provider of cargo industry solutions

May River Capital
Cashco
Undisclosed amount
Ellsworth, KS-based provider of pressure management solutions

Morgan Street Holdings
Continental Services
Undisclosed amount
Troy, MI-based provider of contract dining services

HighPost Capital
Front Row Group
Undisclosed amount
New York, NY-based e-commerce agency and accelerator for beauty, health, wellness, and CPG brands

Sumeru Equity Partners
JobNimbus
Undisclosed amount
Lehi, UT-based provider of roofing contractor SaaS

Sound Growth Partners
LPi Digital
Undisclosed amount
Milwaukee, WI-based provider of print and digital bulletins and newsletters to faith-based, community, and membership organizations

Golden Gate Capital
OneZero
Undisclosed amount
Cambridge, MA-based provider of multi-asset enterprise trading tech

Wynnchurch Capital
Principal Industries
Undisclosed amount
San Antonio, TX-based provider of LED components and engineered assemblies for signage and brand imaging

Sterling Investment Partners
PROtect
Undisclosed amount
Wichita, KS-based provider of safety, reliability, and compliance services

ZMC
Pure Wafer
Undisclosed amount
San Jose, CA-based maker of silicon wafers

1315 Capital
SciSafe
Undisclosed amount
Cranbury, NJ-based provider of biological and drug storage services

Goldman Sachs Alternatives
Sila Services
Undisclosed amount
King of Prussia, PA-based provider of residential HVAC, plumbing and electrical services

Halifax Group
Universal Air Conditioner
Undisclosed amount
Mansfield, TX-based designer and distributor of aftermarket auto parts

Venture Capital Deals

Sapphire Sport, a16z, General Catalyst, 20VC Growth, FJ Labs, Shilling, and Thayer Ventures
Bounce
$19M
San Francisco, CA-based provider of free luggage storage for travelers

Accel, 8VC, Overmatch Ventures, and Lerner Enterprises
Chaos Industries
$145M
Los Angeles, CA-based defense tech startup

RPM Ventures, GiantLeap Capital, and Human Element
Firefly Aerospace
$175M
Houston, TX-based rocket maker

HV Capital, a16z, and YC
Fleek
$20.4M
San Francisco, CA-based secondhand clothing marketplace

TELUS Global Ventures, 7Wire Ventures, Pitango HealthTech, Human Capital, Outcomes Collective Growth Capital, Allianz, and The K Fund
Homethrive
$20M
Northbrook, IL-based caregiving startup

Inovia Capital, Icon Ventures, General Catalyst, Maven Ventures, Healthier Capital, Up2 Opportunity Fund, and CFO Advisors
Medeloop
$15M
Menlo Park, CA-based clinical research analysis startup

Wellington Management, Venrock, Fidelity, Janus Henderson, T. Rowe Price, Viking Global Investors, Deep Track Capital, RA Capital Management, Arch Venture Partners, Alpha Wave Ventures, GV, SoftBank, Newpath Partners, and SymBiosis
Metsera
$215M
New York, NY-based developer of medicines for obesity and metabolic diseases

DCVC, a16z, USV, Felicis, Washington Harbour Partners, Chevron, Founders Fund, Decisive Point, McKinley Alaska, Boost VC, and Also Capital
Radiant
$100M
El Segundo, CA-based maker of portable nuclear generators

Celesta Capital, GreatPoint Ventures, and Juniper Networks
Recogni
$102M
San Jose, CA-based developer of generative AI inference systems

S2G Ventures, CPT Capital, Lux Capital, Nourish Ventures, and Meach Cove Capital
Shiru
$16M
Alameda, CA-based ingredient discovery platform

Shield Capital, Point72 Ventures, Booz Allen Ventures, Aero X Ventures, Trousdale Ventures, TRAC VC, Munich Re Ventures, Toyota Ventures, NFX, and Industrious Ventures
Starfish Space
$29M
Washington, DC-based developer of satellite servicing and inspection spacecraft

Third Rock Ventures, Atlas Venture, GV, and RA Capital Management
Trace Neuroscience
$101M
South San Francisco, CA-based developer of genomic medicines for neurodegenerative diseases

Premji Invest, Radical Ventures, Iconiq Growth, Salesforce Ventures, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures, and Workday Ventures
Writer
$200M
San Francisco, CA-based generative AI platform for enterprises

|Scherzer Deal Report|

The Scherzer Deal Report: November 4-8, 2024

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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

Pelican Energy Partners
Houston, TX
$450M
First fund

Shamrock Capital
Los Angeles, CA
$1.25B & $320M
Sixth flagship fund and first small-cap fund

Private Equity Deals

Choice Health at Home
Accentra
Undisclosed amount
Oklahoma City, OK-based hospice provider

Aero Accessories & Repair
Aero Instruments
Undisclosed amount
Buffalo, NY-based aerospace MRO

Stonepeak
Air Transport Services Group
$3.1B
Wilmington, OH-based aircraft lessor and cargo transport company

26North Partners
ArchKey Solutions
Undisclosed amount
Fenton, MO-based electrical services provider

GHO Capital and Ampersand Capital Partners
Avid Bioservices
$1.1B
Tustin, CA-based biologics Contract development and manufacturing organization (CDMO)

Minds + Assembly
Boldscience
Undisclosed amount
Alpharetta, GA-based medical communication agency

Better Protection
DFS Fire Systems
Undisclosed amount
Dallas-Fort Worth, TX-based provider of fire protection services

1440 Foods
FitCrunch
Undisclosed amount
Bohemia, NY-based protein bar brand

Stengel Hill Architecture
Mason Blau & Associates
Undisclosed amount
Clearwater, FL-based full-service architectural firm

Elevate Patient Financial Solutions
NYX Health Eligibility Services
Undisclosed amount
Alpharetta, GA-based provider of RCM focused on eligibility verification and enrollment services

Monomoy Capital Partners
Oliver Packaging and Equipment
Undisclosed amount
Walker, MI-based maker of food packaging systems and bakery equipment

Savillex
Optimum Processing
Undisclosed amount
San Rafael, CA-based maker of customized, single-use bioprocessing systems for life science

Access Group
Paytronix
Undisclosed amount
Newton, MA-based restaurant customer engagement and payments software provider

Renovus Capital Partners
Performive
Undisclosed amount
Marietta, GA-based provider of managed IT services for midmarket enterprises

Carlson Private Capital Partners
Quantum Design International
Undisclosed amount
San Diego, CA-based maker of instrumentation for material characterization and other advanced research applications

Blackstone
Retail Opportunity Investments Corp.
$4B
San Diego, CA-based U.S. shopping mall operator

Comvest Private Equity
Riccobene Associates Family Dentistry
Undisclosed amount
Cary, NC-based dental services organization

Sagewind Capital
Sabel Systems
Undisclosed amount
Beavercreek, OH-based provider of digital transformation solutions to the U.S. Defense Department and other government agencies

Coker
TTG Healthcare Advisors
Undisclosed amount
Chandler, AZ-based healthcare consulting firm

AT&T
U.S. Cellular
$1.02B
Chicago, IL-based mobile network operator

Cogenuity Partners
United Safety & Survivability
Undisclosed amount
Exton, PA-based maker of safety and survivability products for niche markets

Venture Capital Deals

Qatar Investment Authority, United Therapeutics, Fidelity, and TPG Rise
Beta Technologies
$318M
South Burlington, VA-based electric airplane maker

Fiserv, Shopify Ventures, Capital One Ventures, Accel, Bessemer, Coatue, Frontline Ventures, General Catalyst, Latitude, and Thrive Capital
Melio
$150M
New York, NY-based B2B payments platform for SMBs

Thrive Capital, Lux Capital, Bond, Jeff Bezos, OpenAI, and Redpoint Ventures
Physical Intelligence
$400M
San Francisco, CA-based developer of operating systems for robots

|Scherzer Deal Report|

The Scherzer Deal Report: October 28-November 1, 2024

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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

Adams Street Partners
$1.1B
2024 global funds program

BBG Ventures
$60M
Second fund

Berkshire Partners
$7.8B
11th private equity fund

Blackstone
$22B
New direct lending fund

Socium Ventures
$300M
Second fund

Private Equity Deals

Francisco Partners
AdvancedMD
$1.13B
South Jordan, UT-based provider of SaaS for ambulatory physician practices

iCapital, Apollo, and Blue Owl
AltExchange
Undisclosed amount
Edwards, CO-based provider of alternative investment data aggregation and reporting company

Leeds Equity Partners
Archer Review
Undisclosed amount
Dallas, TX-based provider of medical exam prep services

WellSky
Bonafide
Undisclosed amount
Thousand Oaks, CA-based provider of business workflow management software for durable medical equipment and home medical equipment companies

Godspeed Capital
Concordia Technologies
Undisclosed amount
Huntsville, AL-based provider of hypersonic weapons and missile defense systems tech

Patient Square Capital
CorroHealth
Undisclosed amount
Plano, TX-based provider of revenue cycle management for health systems and health plans

Encore Consumer Capital
DeIorio
Undisclosed amount
Utica, NY-based maker of pizza dough balls, pre-formed crusts, and shells

CVC Capital Partners
Epicor
Undisclosed amount
Austin, TX-based industry-specific business software firm

Blackstone
EQT Corp.
$3.5B
Pittsburgh, PA-based independent natural gas producer

Serent Capital
Finys
Undisclosed amount
Troy, MI-based provider of core insurance software

Gridiron Capital
Health Monitor Network
Undisclosed amount
Montvale, NJ-based health-care marketing firm

Hyve Group
HLTH
Undisclosed amount
New York, NY-based health-care conference organizer

Neuberger Berman
Mariner
Undisclosed amount
Overland Park, KS-based financial services firm

Aquarian
PACE Equity
$1B
Milwaukee, WI-based provider of C-PACE loans to real estate owners and energy upgrade developers

EQTPage
Up Group
Undisclosed amount
New York City, NY-based provider of HR software

Egen (fka SpringML)
Qarik
Undisclosed amount
New York, NY-based Google Cloud tech consultancy

Battery Ventures
QSR Automations
Undisclosed amount
Louisville, KY-based provider of restaurant tech

Percheron Capital
Right Restoration Partners
Undisclosed amount
Atlanta, GA-based acquisition platform for emergency restoration services businesses

BC Credit Partners
Runway Growth
Undisclosed amount
Chicago, IL-based provider of growth loans

Presidio Investors
The Only Agency
Undisclosed amount
Los Angeles, CA-based creative talent firm

Venture Capital Deals

General Catalyst, Alkeon Capital, Brookfield Technology Partners, and Georgian
Armis
$200M
San Francisco, CA-based cyber exposure management company

Macquarie Asset Management
BondBloxx
$27M
Larkspur, CA-based provider of bond ETFs

Flexpoint Ford, Nyca Partners, and Viola Ventures
Duetti
$34M
New York, NY-based music financing startup that acquires catalogs from independent artists

RA Capital Management, Sectoral Asset Management, B Capital, Marshall Wace, Avego Bioscience Capital, Longwood Fund, RTW Investments, ADAR1 Capital Management, NEXTBio Capital, Beiersdorf VC, FemHealth Ventures, Allostery Investments, Pivotal bioVenture Partners, EQT Life Sciences, Andera Partners, Amplitude Ventures, Symbiosis, and Verition Fund Management
Evommune
$115M
Palo Alto, CA-based biotech focused on immune-mediated inflammatory diseases

Edison Partners, StepStone Group, and Columbus Capital
Fingercheck
$115M
Brooklyn, NY-based workforce management platform for SMB

Novo Holdings, Gimv, Red Tree Venture Capital, HealthCap, BioGeneration Ventures, M Ventures, and BOM
Kivu Bioscience
$92M
San Francisco, CA-based developer of antibody-drug conjugates

Fifth Wall, Saint-Gobain, and Ayala
Merlin Solar
$31M
San Jose, CA-based developer of solar panels for trucks and rooftops

Koch Disruptive Tech, NEA, 8VC, Ark Invest, B37 Ventures, FM Capital, Interwoven Ventures, NVentures, Prologis Ventures, Goose Capital, Lineage Ventures, Presidio Ventures, and Service Provider Capital
Outrider
$62M
Golden, CO-based developer of self-driving tech for electric yard trucks

Prelude Ventures
Redoxblox
$30M
San Diego, CA-based industrial heat startup that uses thermochemical energy

Emergence Capital, Founder Collective, and Homebrew
Regal
$40M
New York, NY-based maker of contact center software

Goldman Sachs
Simbe Robotics
$50M
South San Francisco, CA-based maker of retail inventory robotics

Qualcomm Ventures, Scale Venture Partners, StepStone Group, Redpoint Ventures, and Bessemer Venture Partners
Spot AI
$31M
San Francisco, CA-based video monitoring startup

General Catalyst, Primary Ventures, and Lightspeed Venture Partners
Tabs
$25M
New York, NY-based revenue automation platform for B2B companies

Woven Capital, Innovation Endeavors, Norwest Venture Partners, and Qualcomm Ventures
Third Wave Automation
$27M
Union City, CA-based maker of autonomous forklifts

|Scherzer Deal Report|

The Scherzer Deal Report: October 21-25, 2024

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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

Chemistry
$350M
First fund

General Catalyst
$8B
New funds

Private Equity Deals

Wafra
Aquila Air Capital
Undisclosed amount
New York, NY-based engine lessor

Morgan Stanley Infrastructure Partners
Flexential
Undisclosed amount
Charlotte, NC-based provider data center firm backed by GI Partners

Genstar Capital
Likewize
Undisclosed amount
Dallas, TX-based provider of mobile device warranties and repair services

Sage Sustainable Electronics
Relectro
Undisclosed amount
Telford, PA-based electronics management company that specialized in electronics repair, focused on refurbishing products for continued use before disposal

Sophos and Thoma Bravo
Secureworks
$859M
Atlanta, GA-based cybersecurity firm

Foundation Source
Vennfi
Undisclosed amount
Atlanta, GA-based donor-advised fund sponsor

Venture Capital Deals

Novo Holdings, F-Prime Capital, Eight Roads Ventures Japan, Piper Heartland Healthcare Capital, NYBC Ventures and Blackstone Life Sciences
AvenCell Therapeutics
$112M
Watertown, MA-based developer of switchable cell therapies

Aven
Cell Therapeutics Inks
$112M Series B

Cambridge, MA-based company focused on B Cell Medicines (BCMs)

ARCH Venture Partners, Atlas Venture, RA Capital Management, and Alta Partners

Be Biopharma
$82M
Cambridge, MA-based company focused on B Cell Medicines (BCMs)

Bond Capital, NVentures, Anthos Capital, Fuse Venture Capital, Ignition Partners, Revolution, Sozo Ventures, and Voyager Capital
Carbon Robotics
$70M
Seattle, WA-based developer of agricultural robots

Acrew Capital, Leap and Lightspeed Capital
Finix
$75M
San Francisco, CA-based payments company

FedEx and Cedar Pine
Nimble
$106M

San Francisco, CA-based autonomous e-commerce fulfillment company

83North, True Global Ventures, 10D, Entrée Capital, HighSage Ventures, MUFG Innovation Partners, and Viola Credit
Obligo
$35M
New York, NY-based provider of security deposit option

Breakout Ventures, Innovation Endeavors, and Bison Ventures
Passkey Therapeutics
$20M
Cambridge, MA-based developer of synergistic multifunctional therapeutics

Susquehanna Growth Equity, Stephens Group, Strada, and ASA
SchooLinks
$80M
Austin, TX-based provider of college and career readiness software for K-12 students

General Atlantic, T. Rowe Price, Foresite Capital, Invus, Goldman Sachs, CPP Investments, Arch Venture Partners, Sofinnova Investments, Third Rock Ventures, and PureTech Health
Seaport Therapeutics
$225M

Boston, MA-based developer of neuropsychiatric medicines

Abstract Ventures, Elad Gil, a16z, and Bret Taylor
Socket
$40M
San Francisco, CA-based cybersecurity startup focused on software supply chain attacks

Lightspeed Venture Partners, a16z, and Foundation Capital
Tennr
$37M
New York, NY-based healthcare workflow automation platform

WestCap and a16z
Valon
$100M
New York, NY-based mortgage servicing platform

Elda River Capital and the Pritzker Organization
Zephyr
$60M
McLean, VA-based digital home services platform

Bond Capital, DST Global, Adams Street, Alkeon, YC, and CRV
Zip
$190M
San Francisco, CA-based procurement orchestration platform

|Scherzer Deal Report|

The Scherzer Deal Report: October 14-18, 2024

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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

Adams Street Partners
$1.2B
Fourth Venture Innovation set of funds

CID Capital
$250M
Fourth fund

Insight Partners
$1.5B
Third continuation fund

KdT Ventures
$100M
Fourth fund

Victor Capital Partners
$310M
Second midmarket PE fund

Private Equity Deals

Audax Private Equity
Avantor
$650M
Radnor, PA-based clinical services business

AustralianSuper
DataBank
$2B
Dallas, TX-based data center operator

Frazier Healthcare Partners
DirectMed Imaging
Undisclosed amount
Poway, CA-based provider of aftermarket parts and component repairs for diagnostic imaging equipment

Turnspire Capital Partners
GHP Group
Undisclosed amount
Niles, IL-based outdoor living and indoor heating products company

Allied Industrial Partners
JCL Energy
Undisclosed amount
Sharon, PA-based distributor of pad-mounted transformers

General Atlantic and Bridgepoint
Kyriba
Undisclosed amount
San Diego, CA-based provider of treasury and cash management software

Accel-KKR
LeagueApps
Undisclosed amount
New York, NY-based youth sports management platform

Falfurrias
Neighborly Software
Undisclosed amount
Atlanta, GA-based provider of SaaS for government program enrollment, administration, and reporting

Blue Point Capital Partners
Pinnacle MEP Holdings
Undisclosed amount
St Clair Shores, MI-based HVAC and plumbing services provider

Gryphon Investors
RapidAir
Undisclosed amount
Auburndale, WI-based maker of branded compressed air solutions

Thomas H. Lee Partners
Red Nucleus
Undisclosed amount
Yardley, PA-based life sciences communications firm

Mainsail Partners
Skimmer
$74M
Austin, TX-based provider of software for pool services businesses

Permira
Squarespace
Undisclosed amount
New York, NY-based website-building platform for businesses and brands

Sound Growth Partners
Stueve Construction
Undisclosed amount
Algona, IA-based provider of engineering and construction services for bulk fertilizer storage facilities

Post Oak Energy Capital
Tiburon Oil & Gas Partners
Undisclosed amount
Houston, TX-based company dedicated to acquiring, developing, and operating upstream oil and gas assets in the Appalachian Basin

Graham Partners
Tulkoff Food Products
Undisclosed amount
Baltimore, MD-based maker of horseradish products, sauces, and other condiments

Silver Lake
Zuora
$1.7B
Redwood City, CA-based company that helps companies launch subscription services

Venture Capital Deals

Andreessen Horowitz, Magic Johnson, Sandberg Bernthal Venture Partners, Banc of California, Twine Ventures, Springbank, and AlleyCorp
Alchemy
$31M
New York, NY-based developer of in-house pharmacy programs for clinics with large HIV and hepatitis C patient populations

Pantera Capital, a16z, and NFX
Azra Games
$42.7M
Sacramento, CA-based developer of mobile role-playing games

Ripple
Bitnomial
$25M
Chicago, IL-based digital asset derivatives exchange company

Zintinus, The Hershey Co., Whole Foods Market, DMG Ventures, Hamilton Lane, and Praesidium
Blue Stripes
$20M
New York, NY-based maker of consumer food products from cacao fruit

TVC Capital and Toloka.vc
Capacity
$26M
St. Louis, MO-based support automation startup

Bain Capital Ventures, Elad Gil, A*, Accel, BOND Capital, and ACME Capital
Decagon
$65M
San Francisco, CA-based developer of AI customer support agents

DCVC, Breakthrough Energy Ventures, and Valo Ventures
Equilibrium Energy
$39M
Boston, MA-based operator of grid-connected battery systems

Eight Roads Ventures, Elevation Capital, and 3one4 Capital
Everstage
$30M
New York, NY-based provider of enterprise sales performance management software

Stand Together Ventures, GovTech, George Lucas, and Mellody Hobson
ForceMetrics
$22M
Denver, CO-based decision-assist platform founded by former FBI agents.

Scale Venture Partners and Premji Invest
Galileo
$45M
San Francisco, CA-based provider of generative AI evaluation and observability for enterprises

L Catterton, USV, Cathay Innovation, Equal Ventures, and Eniac Ventures
Ghost
$40M
Chicago, IL-based B2B retail inventory marketplace

Silas Capital, Strand Equity, and AF Ventures
Hello Cake
$18M
Los Angeles, CA-based sexual wellness brand

Osaka Gas and Mitsubishi Heavy Industries
Koloma
$50M
Denver, CO-based green hydrogen startup

T. Rowe Price, Fidelity, and GV
Lightmatter
$400M
Mountain View, CA-based photonic supercomputing startup

Toyota Ventures, Samsung Next, The ACTIVE Fund, Assembly Ventures, Magenta Venture Partners, J-Ventures, Triventures, Singtel Innov8 Ventures, Telefónica, Team8, and Alter Venture Partners
Monogoto
$27M
Palo Alto, CA-based provider of software-defined connectivity solutions

Smith Point Capital, Nexus Venture Partners, and Battery Ventures
Neuron7.ai
$44M
San Jose, CA-based service resolution intelligence startup

Menlo Ventures, IVP, Socii, Founders Fund, Long Journey, 8VC, Friends & Family Capital, and Fifth Down
Numeric
$28M
San Francisco, CA-based accounting automation startup

Oak HC/FT, Bessemer Venture Partners, Flare Capital Partners, Frist Cressey Ventures, CVS Health Ventures, and Takeda Digital Ventures
Oshi Health
$60M
New York, NY-based virtual gastrointestinal clinic network

Matter Venture Partners, Drive Capital, Yamaha Ventures, Taiwania Capital, MediaTek, Catapult Ventures, Gaingels, Addition, Tiger Global, and Basis Set
Path Robotics
$100M
Columbus, OH-based developer of autonomous robotic welding systems

S2G Ventures
REsurety
$32M
Boston, MA-based provider of data analytics for clean energy companies

Crosspoint Capital
SynthBee
$20M
Fort Lauderdale, FL-based compute intelligence startup

Flourish Ventures, Eaton, Veriten, MassMutual Ventures, inVest Ventures, CarMax, Montage Ventures, Acrew Capital, Holman, Virta Ventures, and Invest Detroit
Treehouse
$16.6M
Detroit, MI-based installation platform for electrification projects

Insight Partners, Venrock, and Vanguard
Vanilla
$35M
Salt Lake City, UT-based provider of estate planning software for financial advisers and wealth managers

Amazon’s Climate Pledge Fund, Ares Management, NGP, Ken Griffin, and the University of Michigan
X-energy
$500M
Rockville, MD-based developer of small modular reactors

|Scherzer Deal Report|

The Scherzer Deal Report: October 7-11, 2024

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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

Mill Point Capital
$1.7B
Third midmarket PE fund

Renovus Capital Partners
$875M
Fourth buyout fund

Shore Capital Partners
$1.9B
First health care fund, second business services fund and first search fund

Siguler Guff
$580M
Private credit fund focused on small businesses

Private Equity Deals

Renovus Capital Partners
Angeion Group
Undisclosed amount
Philadelphia, PA-based class action law firm

Kava Equity Partners
Arrowhead Contracting
Undisclosed amount
Overland Park, KS-based environmental remediation services firm

Sixth Street
AtVenu
$130M
San Clemente, CA-based live event payment processor

Staple Street Capital
Avante Health Solutions
Undisclosed amount
Chicago, IL-based medical equipment maker

Apollo Global Management
Barnes Group
$3.6B
Bristol, CT-based maker of aerospace components

Bain Capital Credit
Chartbeat
Undisclosed amount
Austin, TX-based media analytics software firm.

Butterfly Equity
Duckhorn Portfolio
$1.95B
St. Helena, CA-based winery owner

26North
Onelife Fitness
Undisclosed amount
McLean, VA-based gym chain

Blue Point Capital Partners
Pinnacle MEP Holdings
Undisclosed amount
St Clair Shores, MI-based HVAC and plumbing services provider in the Midwest

Radial Equity Partners
Plasticade
Undisclosed amount
Des Plaines, IL-based maker of traffic safety and signage products

TA Associates
Solifi
Undisclosed amount
Minneapolis, MN-based secured finance software firm

Wind Point Partners, Duration Capital Partners, and Oaktree Capital Management
STG Logistics
$300M
Bensenville, IL-based transloading and containerized freight services firm

H.I.G. Capital
STS Aviation Group
Undisclosed amount
Jensen Beach, FL-based aviation services company

IQVentures
The Aaron’s Company
$504M
Atlanta, GA-based lease-to-own retailer

KKR
The Parking Spot
Undisclosed amount
Chicago, IL-based owner and operator of near-airport parking properties

VSS Capital Partners
Treya Partners
Undisclosed amount
San Francisco, CA-based management consultancy focused on procurement and spend management

Venture Capital Deals

a16z, Two Sigma Ventures, RV Invest, Eli Lilly, GV, Biovision Ventures, Valhalla Ventures, Indicator Ventures, Alumni Ventures, LifeLink Ventures, Mana Ventures, Gaingels, and ExitFund
Arda Therapeutics
$43M
San Carlos, CA-based developer of cell depletion therapies for chronic diseases

Oak HC/FT
Auger
$100M
Placentia, CA-based operating system for global supply chains

Dealer Tire
BizzyCar
$15M
St. Peters, MO-based provider of vehicle recall solutions

Engine Ventures, At One Ventures, Angular Ventures, Tamarack Global, Propeller Ventures, Starlight Ventures, and Nucleation Capital
Blue Energy
$45M
Washington, DC-based developer of underwater nuclear reactors

SignalFire, Samsung Next, Alumni Ventures, Matrix, Accel, Susa and YC
Centaur Labs
$16M
Boston, MA-based health data annotation startup

Arch Venture Partners, Fidelity, Invus, Slate Path Capital, Rock Springs Capital, Regeneron Ventures, and AN Ventures
Arda Therapeutics
$135M
Cambridge, MA-based developer of RNAi-based medicines

Sands Capital, CPPIB, Norwest Venture Partners, Global Health Investment Corp., and Breakout Ventures
Cytovale
$100M
San Francisco, CA-based developer of detection tech for sepsis and other immune-mediated diseases

Two Sigma Venture
Distributional
$19M
Berkeley, CA-based AI testing startup

Titanium Ventures, Nemetschek Group Andres Construction, Satterfield & Pontikes, Navitas Capital, Zacua Ventures, Fifth Wall, and Ironspring Ventures
Document Crunch
$21.5M
Atlanta, GA-based document compliance platform for construction

General Catalyst, Town Hall Ventures, Echo Health Ventures, Northpond Ventures, Rethink Impact, and Emerson Collective
Eleanor Health
$30M
Waltham, MA-based addiction treatment startup

Bain Capital Ventures, Premji Invest, Lightspeed Venture Partners, Bessemer Venture Partners, SignalFire, and B Capital Group
EvenUp
$135M
San Francisco, CA-based provider of AI solutions for personal injury law

CapitalG and Viewpoint Ventures
Farther
$72M
New York, NY-based wealth advisory startup

Bessemer Venture Partners
FlexFactor
$16.8M
Miami, FL-based startup tackling lost revenue from payment snafus

T. Rowe Price, GE Vernova, TPG Rise Climate, Breakthrough Energy Ventures, Capricorn, Coatue, Energy Impact Partners, The Engine Ventures, NGP, Temasek, GIC, Prelude Ventures, Claure Group, Gigascale Capital, Blindspot Ventures, and VamosVentures
Form Energy
$405M
Somerville, MA-based developer of long-duration batteries

Georgian and Health Catalyst Capital
Glooko
$100M
Palo Alto, CA-based provider of remote patient monitoring and chronic care management for diabetes

WestCap, Goldman Sachs, ClearSky, NightDragon, and Vertex
Human Security
$50M
New York, NY-based cybersecurity startup

Khosla Ventures, Thrive Capital, Kleiner Perkins, and Ribbit Capital
Imprint
$75M
New York, NY-based co-branded credit card startup

Atlas Venture, The Column Group, TCG, Droia Ventures, Digitalis Ventures, Euclidean Capital, Alexandria Venture Investments, and YK Bioventures
Judo Bio
$100M
Cambridge, MA-based developer of oligonucleotide medicines delivered to the kidney

GoBig, Emergence Capital, High Alpha, ServiceNow Ventures, Salesforce Ventures, and Permanent Capital
Logik.io
$25M
Highland Park, IL-based CPQ fintech

StepStone Group
Maven Clinic
$125M
New York, NY-based women and family health virtual clinic

Lightspeed Venture Partners, Thompson Reuters Ventures, Bling Capital, Flybridge Capital, Company Ventures and TheLegalTech Fund
Noetica AI
$22M
New York, NY-based provider of benchmarking software

Arboretum Ventures, JJDC, Catalio Capital Management, Freepoint Capital Group, Visionary Ventures, Bluestem Capital, SBI Innovation Fund, Sequoia Capital, and Maverick Ventures
Orasis Pharmaceuticals
$68M
Ponte Vedra, FL-based developer of ophthalmic drugs

Thomvest Ventures, M12, Cheyenne Ventures, Menlo Ventures, and Unusual Ventures
Reylance AI
$32M
San Francisco, CA-based data governance platform

GV, Aperiam Ventures, Craft Ventures, Room40 Ventures, Venrock, and Virgo Strategic Investments
Scope3
$25M
New York, NY-based decarbonization startup focused on the media, AI, and advertising industries

Norwest Venture Partners, Seroba, OSF Ventures, Global BioAccess, U.S. Venture Partners, Amzak Health, Treo Ventures, and Aperture Venture Partners
ShiraTronics
$66M
Minneapolis, MN-based developer of neurostimulation therapies for chronic migraine patients

Hedosophia, Venrock, March Capital, Flare Capital, Breyer Capital, and inHealth Ventures
Suki
$70M
Redwood City, CA-based developer of AI assistants for doctors and patients

Emergence Capital, Thrive Capital, OpenAI Startup Fund, Neo, Abstract, 20Sales, and Altcap
Unify
$19M
San Francisco, CA-based provider of go-to-market tech

Portage
Zeal
$15M
San Francisco, CA-based payroll platform

|Scherzer Deal Report|

The Scherzer Deal Report: September 30-October 4, 2024

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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week.!

Fundraising for PE & VC Funds

Fidelity
$250M
First dedicated VC fund

Gallant Capital Partners
$406M
Second fund

Monarch Alternative Capital
$4.7B
Sixth opportunistic credit fund

OceanSound Partners
$1.49B
Second fund

Prospect Partners
$225M
Fifth fund

Summit Partners
$9.5B
12th flagship U.S. growth equity fund

Private Equity Deals

Unusual VC, Wing VC, Founder Collective, XFund, and Alt Capital
AirOps
$15.5M
San Francisco, CA-based AI workflow platform

New Era Capital Partners, Mindset Ventures, Redseed Ventures, and Silvertech Ventures
Apono
$15.5M
New York, NY-based provider of cloud access solutions

General Catalyst, Celesta Capital, and Alorica
Crescendo
$50M
San Francisco, CA-based customer experience platform

Eclipse, Taiwania Capital, Qualcomm Ventures, Alter Venture Partners, Nautilus Venture Partners, and Silicon Valley Bank
DataPelago
$47M
Sunnyvale, CA-based data processing startup

Greenoaks
Eon
$77M
New York, NY-based cloud infrastructure backup company

Next47 and Ten Eleven Ventures
Harmonic Security
$17.5M
San Francisco, CA-based zero-touch data protection startup

Founders Fund, Lux Capital, Spring Tide, DCVC, Airbus Ventures, Alumni Ventures, Balerion Space Ventures, RTX Ventures, Tamarack Global, 137 Ventures, Elysium, First Principles Group, Island Green, Overmatch, and Trousdale Ventures
Impulse Space
$150M
Redondo Beach, CA-based developer of orbital transfer vehicles

Atlas Venture, Bain Capital Life Sciences, RTW Investments, and Lyra Capital
Kailera Therapeutics
$400M
Boston, MA-based developer of injectable and oral therapies for treating chronic weight management

Altos Ventures
MarqVision
$16M
Los Angeles, CA-based online brand protection startup

Lightspeed and Alpha Wave
Mstack
$40M
Houston, TX-based manufacturing chemicals sourcing platform

Touring Capital, Mitsui, Costanoa Ventures, Threshold Ventures, and Gradient
Numa
$32M
Lafayette, CA-based provider of AI chatbots for auto dealer

PSG, Google Ventures, Addition, Samsung Next, and Dynamic Loop Capital
Nym
$47M
New York, NY-based autonomous medical coding startup

Bain Capital Ventures, DST Global, StepStone Group, Schroders Capital, Premji Invest, BAM Elevate, B Capital, Winslow Capital, Adams Street, Dorsal Capital, and Fin Capital
Poolside
$500M
Rolling Meadows, IL-based developer of AI for software development

Greylock, Unusual Ventures, and angel investors
Resolve AI
$35M
San Francisco, CA-based “AI production engineer”

Kin Ventures, Arch Ventures, General Catalyst, GV (Google Ventures), F-Prime, Mass General Brigham Ventures, and 1843 Capital
Rippl
$23MS
eattle, WA-based virtual dementia care company

Netflix, Dell Technologies Capital, a16z, Bitkraft, and F4 Fund
Series Entertainment
$28M
Rocklin, CA-based game studio startup

Council Capital
StrataPT
$25M
Osprey, FL-based physician practice management software provider

Goldman Sachs, Fidelity, Deep Track Capital, Atlas Venture, Cormorant Asset Management, OrbiMed, Viking Global Investors, and Invus
Triveni Bio
$115M
Waltham, MA-based developer of an eczema antibody

Index Ventures
Valdera
$15M
San Francisco, CA-based sourcing platform for chemicals and raw material

Industry Ventures, eGateway Capital, and Highmount Capital
Vizit
$25M
Boston, MA-based provider of performance analytics for brand visuals

CRV, Wing VC, Conviction, Snowflake, Databricks, Pear VC, Tectonic Ventures, and Fusion Fund
Voyage AI
$20M
Palo Alto, CA-based developer of RAG tools to reduce AI hallucination

Venture Capital Deals

Reid Hoffman, Offline Ventures, Sound Ventures, Karlie Kloss, Colin Kaepernick, founder of Lumi, and Christy Turlington Burns
Arcade
$17M
San Francisco, CA-based generative AI marketplace

Brightway Future Ventures, Cherubic Venture, EnvisionX Venture, First Star Venture, Linear Capital, M31 Capital, Taihill Venture, and Uphonest Capital
Bot Auto
$20M
Houston, TX-based autonomous trucking startup

Wellington Management, Toshiba, DNX, Cox, and Prologis
Crisp
$72M
Bentonville, AR-based supply chain data startup

GV, Collaborative Fund, Breakthrough Energy Ventures, NGP, and Lennar
Dandelion Energy
$40M
Mt. Kisco, NY-based geothermal energy startup

Cathay Innovation, USV, Keyframe Capital, Equal Ventures, and BoxGroup
David Energy
$23M
Brooklyn, NY-based energy retailer

Telescope Partners
Fathom
$17M
San Francisco, CA-based meetings intelligence platform

Avidity Partners, Spark Capital, Ingeborg Investments, Barrel Ventures, Siam Capital, Relish Works, CF Private Equity, and Primary Venture Partners
Helaina
$45M
New York, NY-based maker of human-equivalent bioactive proteins

Edison Partners
K1x
$20M
Chicago, IL-based provider of K-1 data aggregation and reporting solutions

Threshold Ventures, Lux Capital, PFM Health Sciences, and Fred Moll
Mendaera
$73M
San Mateo, CA-based medical robotics developer

Centaurus Capital and New System Ventures
MetOx
$25M
Houston, TX-based maker of ultraefficient grid wires

Flagship Pioneering
Mirai Bio
$50M
Cambridge, MA-based platform for enhancing genetic medicines

Gradient Ventures, Construct Capital, Neo, PSL Ventures, Bezos Expeditions, Fintech Fund, Operator Stack, and Upper90
Outgo
$15M
Seattle, WA-based freight carrier banking startup

A16z, First Round Capital, and M13
Prepared
$27M
New York, NY-based startup that helps 911 dispatchers get a caller’s real-time location

Obvious Ventures, Piva Capital, Prelude Ventures, Metaplanet Holdings, and YC
Pyka
$40M
Oakland, CA-based developer of autonomous electric planes

Novo Holdings, U.S. Venture Partners, Norwest Venture Partners, InnovaHealth Partners, and The Vertical Group
Route 92 Medical
$50M
San Mateo, CA-based maker of medical devices for neurovascular interventions

Holcim and CRH
Sublime Systems
$75M
Somerville, MA-based green cement startup

Evolution Equity Partners, Bessemer Venture Partners, Notable Capital, Greenfield Partners, and Strait Capital
Torq
$70M
Portland, OR-based no-code automation platform for security teams

Sapphire Ventures, KeyCorp, IonPacific, GV, Kleiner Perkins, Citi Ventures, DCM, and Ericsson Ventures
UJET
$76M
San Francisco, CA-based provider of cloud contact center solutions

OPG Pension Plan, ArcelorMittal, Ara Partners and Aramco Ventures
Utility Global
$53M
Houston, TX-based hydrogen and gas production startup for “hard-to-abate industries”

Warburg Pincus and SoftBank
WhatFix
$125M
San Jose, CA-based digital transformation firm

Bessemer Venture Partners
Wrapbook
$20M
Hollywood, CA-based payroll and accounting services firm

Health 2047 Capital Partners, CRG, First Trust Capital Partners and insiders Newlight Partners, Town Hall Ventures, Health 2047, and Leavitt Equity Partners
Zing Health
$140M
Chicago, IL-based Medicare Advantage insurer

|Scherzer Deal Report|

The Scherzer Deal Report: September 23-27, 2024

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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week.!

Fundraising for PE & VC Funds

Arch Venture Partners
$3B+
12th fund

Boldstart Ventures
Miami, FL
$250M
Seventh fund

KKR
$4.6B
Debut fund focused on North American midmarket buyouts

StepStone Group
$7.4B
Fifth private equity secondaries fund

Private Equity Deals

Thompson Street Capital Partners
ATIS
Undisclosed amount
Creve Coeur, MO-based provider of elevator and escalator safety inspections and related services

Sixth Street
EdgeConneX
Undisclosed amount
Herndon, VA-based data center operator

Vista Equity Partners
Gnosis Freight
Undisclosed amount
Charleston, SC-based provider of supply chain visibility and execution software

Leonard Green & Partners
GSI
Undisclosed amount
Westminster, CO-based provider of geohazard mitigation solutions and roadway safety services

TPG
Homrich Berg
Undisclosed amount
Atlanta, GA-based wealth manager

Beach Point Capital Management
Metro Franchising
Undisclosed amount
Great Neck, NY-based Dunkin’ franchisees with 105 stores in the New York metro region

Blackstone and Vista Equity
Smartsheet
Undisclosed amount
Bellevue, WA-based maker of workplace collaboration software

Pinegrove Capital Partners
SVB Capital
$340M
Santa Clara, CA-based investment platform business

New State Capital Partners
The Expo Group
Undisclosed amount
Irving, TX-based provider of services to the trade show and live event industry