Scherzer Deal Report Archives

The Scherzer Deal Report: May 6-13, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
Energy Spectrum Capital	Dallas, TX	$969M	Eighth fund
NextGen Venture Partners	Austin, TX	$52M	Second fund
Thayer Ventures	San Francisco, CA	$80M	Third fund

Private Equity Investors	Company	Amount	Description
ClearLight Partners	ICS	Undisclosed	Endicott, NY-based provider of IT managed services
Francisco Partners	Eventbrite	$225M	San Francisco-based self-service ticketing and experience technology platform
Hull Street Energy	Gauley River Power Partners	Undisclosed	West Virginia-based operator of a hydroelectric-generating facility
Thompson Street Capital Partners	Pkware	Undisclosed	Milwaukee, WI-based provider of data security software
Clayton Dubilier & Rice	Radio Systems Corp.	Undisclosed	Knoxville, TN-based maker of electric fences and other pet products
Parthenon Capital	RxSense	Undisclosed	Cumming, GA-based provider of pharmacy benefit management solutions
Melody Investment Advisors	Uniti Group	Undisclosed	Little Rock, AR-based wireless towers unit
Atlantic Street Capital	Zips Car Wash	Undisclosed	Little Rock, AR-based car wash operator

Venture Capital Investors	Company	Amount	Description
DCVC	Carbon Health	$26M	San Francisco-based mobile connected health care network
Spectrum Equity	DispatchTrack	$144M	San Jose, CA-based provider of last-mile logistics solutions
CapitalG, Battery Ventures, Greycroft, Index Ventures, Paladin Capital Group, Scale Venture Partners	Expel	$50M	Herndon, VA-based managed security platform
Avon Ventures, Coinbase Ventures, Lightspeed Venture Partners, Flybridge, Accel, Fenbushi, Accomplic	FalconX	$17M	San Mateo, CA-based crypto trading service
M12, Tiger Global, Boldstart Ventures, Comcast Ventures, Eniac Ventures, Lightspeed Venture Partners	FortressIQ	$30M	San Francisco-based startup focused on imitation learning for process automation
QVT, Dexcel Pharma, Foresite Capital, Bluebird Ventures, Narya Capital, Amplo, Paul Manning, Asia Alpha	Kriya Therapeutics	$80.5M	Palo Alto, CA-based gene therapy startup
Intel Capital, Sequoia Capital, Redpoint Ventures, In-Q-Tel, XSeed Capital	Lilt	$25M	San Francisco-based provider of enterprise translation software
Intel Capital, Cisco Investments, NetApp, SK hynix, Gaorong Capital, Glory Ventures, Jerusalem Venture Partners, LDV Partners, Lightspeed Venture Partners and Northern Light VC	MemVerge	$19M	Milpitas, CA-based developer of memory machine software
Lupa Systems, Advance Venture Partners	Morning Consult	$31M	New York-based data intelligence firm
Bpifrance, Cathay Innovation, MACSF, GV, F-Prime Capital, Eight Roads	Owkin	$25M	New York-based collaboration platform for health care R&D
Brighton Park Capital	Paradox	$40M	Scottsdale, AZ-based chatbot for HR and talent teams
ORI Healthcare Fund	Pillar Biosciences	$29.7M	Natick, MA-based cancer diagnostics company
General Atlantic	Quizlet	$30M	San Francisco-based provider online study tools
LS Polaris Innovation Fund, Droia Ventures, Mission BioCapital, INKEF Capital, the Dementia Discovery Fund	QurAlis	$42M	Cambridge, MA-based developer of precision therapeutics for ALS and other neurologic diseases
Insight Partners	Semperis	$40M	New York-based provider of enterprise “cyber resilience” solutions
Dell Technologies Capital, Amplify Partners, Wing VC, NanoDimension Capital	SiMa	$30M	San Jose, CA-based machine learning startup focused on low-power computer vision processing
Andreessen Horowitz	Sleeper	$20M	San Francisco-based social gaming platform for sports and e-sports
KKR, GGV Capital	Slice	$43M	New York-based ordering and marketing tech platform for local pizzerias
Insight Partners, Emergence Capital, Battery Ventures, YC, Mucker Capital, and Fundersclub	UpKeep	$36M	Los Angeles-based provider of enterprise maintenance management software
T. Rowe Price, Perry Creek Capital, Fidelity	Waymo	$750M	Mountain View, CA-based self-driving car unit of Alphabet

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The Scherzer Deal Report: April 29 – May 6, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
Ara Partners	Houston, TX	$400M	Debut fund
Autotech Ventures	Menlo Park, CA	$150M	Second fund
Metropolitan Partners Group Management	New York, NY	$240M	Sixth fund
Oberland Capital	New York, NY	$1.05B	Health care royalties fund
Partners for Growth	San Francisco, CA	$325M	Sixth specialty lending fund focused on growth companies
Runa Capital	Menlo Park, CA	$157M	Third fund

Private Equity Investors	Company	Amount	Description
Bregal Sagemount	Corcentric	$80M	Cherry Hill, NJ-based provider of business spend management software
Triangle Digital Ventures	Covideo	Undisclosed	Indianapolis, IN-based provider of video messaging software
Astra Capital Management	DartPoints	Undisclosed	Dallas, TX-based owner and operator of edge colocation data centers
Cove Hill Partners	Kalkomey	Undisclosed	Dallas, TX-based provider of online recreational safety education and agency management software
Macquarie	Multifuels Midstream Group	Undisclosed	Houston, TX-based differentiated power and utility infrastructure company focused on lateral natural gas pipelines and related asset
L Catterton	Norwegian Cruise Line Holdings	$400M	Global cruise line
BV Investment Partners	StraighterLine	Undisclosed	Baltimore, MD-based online secondary education course platform
Sole Source Capital	Supply Chain Services	Undisclosed	Oakdale, MN-based provider of automatic identification and data capture and factory automation solutions

Venture Capital Investors	Company	Amount	Description
John Chambers and John Doer	ASAPP	$185M	New York-based maker of call center software
Altimeter Capital, Bond Capital, Benchmark, GV, Index Ventures, Redpoint Ventures, Sequoia Capital, Tiger Capital	Cockroach Labs	$86.6M	New York-based distributed SQL database
Index Ventures, Radical Investments, Amplify Partners	Covariant	$40M	Berkeley, CA-based developer of autonomy solutions for industrial robotics
Northgate Capital, Norwest Venture Partners, Four Rivers Group	Dtex	$17.5M	San Jose, CA-based provider of endpoint security software
PSP Investments, CPP Investments, Illumina	Grail	$390M	Menlo Park, CA-based cancer detection company
GreatPoint Ventures, Autotech Ventures, Argean Capital, Monta Vista Capital	KlearNow	$16M	Santa Clara, CA-based digital customers clearance platform
Uber, Alphabet, Bain Capital Ventures, GV	Lime	$170M	San Francisco, CA-based e-scooter company
Bain Capital Ventures, Raine Ventures, Barry Sternlicht	Material Bank	$28M	New York-based architecture and design marketplace
GSR Ventures, PPD Inc.	Medable	$25M	Palo Alto, CA-based platform for decentralized clinical trials
GGV Capital, YL Ventures, SVCI	Orca Security	$20M	Los Angeles, CA-based cybersecurity startup focused on cloud vulnerabilities
SK Holdings, Avis Budget Group, Alliance Ventures, Bessemer Venture Partners	Otonomo	$46M	Israeli automotive data services platform
Ally Bridge Group, Adage Capital Management, HealthQuest Capital, Partner Fund Management, Rock Springs Capital	Pulmonx	$66M	Redwood City, CA-based developer of minimally invasive treatments for severe emphysema
Sequoia Capital, NEA, Ribbit Capital, 9Yards Capital, Unusual Ventures	Robinhood	$280M	Menlo Park, CA-based financial services company
Vickers Venture Partners, Flint Hills Resources, CPV/CAP Pensionskasse Coop & International, Eversource Retirement Plan Master Trust, WI Harper Group	RWDC Industries	$133M	Athens, GA-based bioplastics manufacturing startup
Riverwood Capital	Sensor Tower	$45M	San Francisco, CA-based mobile app market intelligence firm
Versant Ventures, GV	Ventus Therapeutics	$60M	Massachusetts and Montreal-based immunology startup

|Scherzer Deal Report|

The Scherzer Deal Report: April 22-29, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
Andreessen Horowitz	Menlo Park, CA	$515M	Second crypto-focused fund
Consonance Capital Partners	New York, NY	$856M	Second fund
Constitution Capital Partners	Andover, MA	$1B+	Fifth fund
Cyprium Investment Partners	Cleveland, OH	$445M	Fifth fund
Eighty-Seven Capital	Menlo Park, CA	$50M	Debut fund
Manna Tree Partners	Vail, CO	$142M	Debut fund
OMERS	Toronto, Canada	$750M	VC fund focused on early-stage tech companies in North America and Europe
Silverton Partners	Austin, TX	$144M	Sixth fund

Private Equity Investors	Company	Amount	Description
Apollo Global Management, Silver Lake	Expedia	$3.2B	Seattle, WA-based travel site
Providence Strategic Growth	Next Glass	Undisclosed	Wilmington, NC-based provider of consumer-facing software to the alcoholic beverage market
Shore Capital Partners	Southern Orthodontic Partners	Undisclosed	Nashville, TN-based orthodontic practices

Venture Capital Investors	Company	Amount	Description
Hatteras Venture Partners, Catalyst Health Ventures, Longview Ventures, Broadview Ventures, aMoon Fund	AtaCor Medical	$25M	San Clemente, CA-based developer of cardiac-pacing therapies
Valar Ventures, Sammons Financial, NEA, Morpheus Ventures, Core Innovation Capital	Bestow	$50M	Dallas, TX-based digital life insurance platform
SoftBank Vision Fund, ClearBridge Investments, Satwik Ventures, Qualcomm Ventures	Brain Corp.	$36M	San Diego, CA-based developer of tech for autonomous mobile robots
Spark Capital	Catalyst	$25M	New York-based customer success platform
Eclipse Ventures, Iconiq Capital, Hanaco Ventures, Floodgate	Cheetah	$36M	San Francisco, CA-based platform for contactless pickup and delivery of food and supplies
Norwest Venture Partners, Global Founders Capital	Clever Care Health Plan	$20M	Westminster, CA-based provider of Medicare Advantage plans
Frazier Healthcare Partners, Longitude Capital, Euclidean Capital	Dascena	$50M	Oakland, CA-based patient diagnostic tech startup
GV, Benchmark	Digits	$22M	San Francisco, CA-based business spend monitoring dashboard
Breakthrough Energy Ventures, Ajax Strategies, Building Ventures, OurCrowd	EnVerid Systems	$20M	Boston, MA-based developer of HVAC load reduction tech
Arch Venture Partners, Cormorant Asset Management, EDBI, Invus, Terra Magnum Capital Partners, City Hill Ventures, Colt Ventures, LifeSci Venture Partners	Erasca	$200M	San Diego, CA-based precision oncology startup
Andreessen Horowitz, Durable Capital, Index Ventures, Greylock, Kleiner Perkins, Sequoia Capital, Founders Fund	Figma	$50M	Palo Alto, CA-based maker of an in-browser interface design and prototyping tool
BP Ventures, ABB Technology Ventures, Energy Innovation Capital, SVB	FreeWire Technologies	$25M	San Leandro, CA-based provider of power solutions for the grid edge
Redmile Group, Nexus Management, Emerald Development Managers, the Abell Foundation	LifeSprout	$28.5M	Baltimore, MD-based regenerative medicine startup
NEA, Gradient Ventures, Khosla Ventures, Liberty Global Ventures, Struck Capital, Dolby Family Ventures, Motorola Solutions, Fusion Fund, Intellectus Partners, KDDI Open Innovation Fund, Numbase Group, InFocus Capital Partners	Mojo Vision	$51M	Saratoga, CA-based maker of smart contact lenses
Radian Capitalled, Salesforce Ventures, Allen & Co., Tim Armstrong	Niche	$35M	Pittsburgh, PA-based school search platform for K-12 and college
Breakthrough Energy Ventures, Temasek, DCVC	Pivot Bio	$100M	Berkeley, CA-based developer of microbial nitrogen tech for increasing crop yields
Harmony Partners, Accomplice, .406 Ventures, Legion Capital	Randori	$20M	Waltham, MA-based automated cyberattack platform
GV, Arch Venture Partners, Partners Innovation Fund	Rome Therapeutics	$50M	Cambridge, MA-based biotech focused on leveraging “junk DNA” to discover cancer and autoimmune disease therapeutics
LendingTree, T. Rowe Price, Union Square Ventures, Breyer Capital, Goodwater Capital, Greenspring Associates	Stash	$112M	New York-based investing and savings platform
PBM Capital, Nolan Capital	Taysha Gene Therapies	$30M	Dallas, TX-based developer of therapies to treat CNS monogenic diseases
Andreessen Horowitz, Sequoia Capital	Tecton.ai	$20M	San Francisco, CA-based machine learning platform formed by three former Uber engineers
Insight Partners, Dawn Capital, Seed Capital, Damgaard Co.	Templafy	$25M	Denmark-based provider of enterprise template management and document creation software
NewView Capital, Notion Capital, Workday Ventures	Topia	$15M	San Francisco, CA-based talent mobility platform
Piva and TNSC, Bessemer Venture Partners, Playground Global, Khosla Ventures	Velo3D	$28M	Campbell, CA-based 3D printing startup for metals
Ally Bridge Group, AME Cloud Ventures, Aspect Ventures, Canvas Ventures, NGP Capital, Webb Investment Network, Workday Ventures	Vida Health	$25M	San Francisco, CA-based provider of virtual care software for physical and behavioral health

|Scherzer Deal Report|

The Scherzer Deal Report: April 15-22, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
Arbour Lane Capital Management	Stamford, CT	$1.2B	Second fund
BoostVC	San Mateo, CA	$40M	Fourth fund
Sterling Road	San Francisco, CA	$9M	Second fund
Updata Partners	Washington, DC	$308M	Sixth software-focused growth equity fund
York Capital Management	New York, NY	$800M	Third mid-market special opportunities fund

Private Equity Investors	Company	Amount	Description
Hellman & Friedman	Checkmarx	$1.15B	Paramus, NJ-based provider of software security solutions for DevOps
Apax Partners	Coalfire	Undisclosed	Westminster, CO-based provider of cybersecurity advisory and assessment services
Yukon Partners	Crossroads Treatment Centers	Undisclosed	Greenville, SC-based operator of 94 outpatient methadone clinics
TPG	LifeStance Health	$1.2B	Bellevue, WA-based provider of behavioral health services
Bain Capital Credit	Merchants Fleet	$50M	Hooksett, NH-based fleet management company
Bow River Capital	Ocean Tomo	Undisclosed	Chicago-based merchant bank focused on intellectual property
Roark Capital Group	The Cheesecake Factory	$200M	Nationwide restaurant chain

Venture Capital Investors	Company	Amount	Description
EcoR1 Capital, GV, AbbVie Ventures, The Mark Foundation for Cancer Research, NS Investment, Droia Ventures, Atlas Venture, The Column Group	Accent Therapeutics	$63M	Lexington, MA-based developer of cancer therapies
Viking Global Investors, Bain Capital, Ziff Capital	Affinivax	$120M	Lexington, MA-based vaccine developer
OMERS, Echo Health Ventures, the California Medical Association, Meritech Capital Partners, CVF, GV	Aledade	$64M	Bethesda, MD-based network of accountable care organizations
Coatue Management, Altimeter Capital, Franklin Templeton, Index Ventures, Sequoia Capital	Confluent	$250M	Mountain View, CA-based data event streaming platform
Jimmy Iovine, NTWRK	FaZe Clan	$40M	Los Angeles, CA-based esports organization
Accel, Emergence Capital, Thrive Capital, FirstMark Capital, Slack, MSD Capital	Guru	$30M	Philadelphia, PA-based provider of collaborative knowledge management software
WRVI Capital, Cota Capital, DNX Ventures	Movandi	$27M	Irvine, CA-based developer of 5G millimeter wave networks
Sofinnova Partners, AbbVie Ventures, Dementia Discovery Fund, Mission Bay Capital, Alexandria Venture Investments	Nitrome	$38M	San Francisco, CA-based drug startup focused on a class of enzymes to target Parkinson’s disease and other age-related disorders
Scaleworks, Conviction Capital	Profitero	$20M	Boston, MA-based provider of ecommerce analytics SaaS for brands
Accel, CRV	Vercel	$21M	San Francisco, CA-based front-end development framework

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The Scherzer Deal Report: April 8-15, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
BlackRock	New York, N Y	$5.1B	Third global energy and power infrastructure fund
Clearlake Capital Group	Santa Monica, CA	$7B +	Sixth fund
Corigin Ventures	New York, NY	$36M	First institutional fund
Entrée Capital	Israel	$100M	Third fund
GCM Grosvenor	Chicago, IL	$540M	Second buyouts co-investment opportunities fund
Lightspeed Venture Partners	Menlo Park, CA	$4.2B	Thirteenth flagship fund ($890M), fourth “select fund ($1.83B), and new opportunity fund ($1.5B)
Mayfield	Menlo Park, CA	$750M	Sixteenth early-stage fund and its second overage fund

Private Equity Investors	Company	Amount	Description
Stone Point Capital, Further Global	Duff & Phelps	$4.2B	New York-based corporate advisor and valuation firm
Grain Management	Hunter Communications	Undisclosed	Provider of bandwidth infrastructure in southern Oregon and northern California
Wynnchurch Capital	Western Forge & Flange	Undisclosed	Cleveland, TX-based manufacturer of forgings and flanges

Venture Capital Investors	Company	Amount	Description
Kleiner Perkins, Sequoia Capital, GV	Alkira	$30M	San Jose, CA-based multi-cloud networking start-up
Volcanics Ventures, Andreessen Horowitz	Alluxio	$15.5M	San Mateo, CA-based provider of open-source cloud data orchestration software
Sequoia Capital, Coatue Management	Attentive	$40M	New York-based personalized mobile messaging platform for brands
Evolution Equity Partners, Energize Ventures, Liberty Global Ventures, Bain Capital Ventures, Greylock	Awake Security	$36M	Santa Clara, CA-based network traffic analysis startup
Koch Disruptive Technologies and NEA	Beyond Identity	$30M	New York-based provider of password-less ID management solutions
Polaris Partners, D1 Capital Partners, OCV Partners, Red Sea Ventures, Sean Parker, Bellco Capital, Two River	ByHeart	$70M	New York-based provider of infant and baby nutrition products
GGV Capital, Redpoint Ventures, Uncork Capital, In-Q-Te	Coder	$30M	Austin, TX-based software development platform
Wavecrest Growth Partners, Beringea, Hermes GPE	Edited	$29M	New York-based “retail decision platform”
David Roux (Silver Lake), John Hammergren (McKesson), and Gregg Engles (WhiteWave Foods)	Kate Farms	$23M	Santa Barbara, CA-based provider of plant-based liquid meal formula for hospitals
Iconiq Capital, Cross Creek, Meritech Capital Partners, Spectrum Equity	Lucid	$52M	South Jordan, UT-based maker of visual workspace app
TPG Growth	Onfido	$100M	San Francisco, CA-based identity verification company
Andreessen Horowitz, General Catalyst, GV, Sequoia	Stripe	$600M	Digital payment platform
Peak6, Upper90, WTI, River Park Venture	Thrasio	$75M	New York-based acquirer of Amazon third-party private-label businesses
Next47, 83North, Commonfund Capital, Dell Technologies Capital, Goldman Sachs, Greenfield Partners, Mellanox Capital, Norwest Venture Partners	Vast Data	$100M	New York-based universal storage startup

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The Scherzer Deal Report: March April 1-8, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
Activant Capital	New York, NY	$257M	Third fund
American Pacific Group	San Francisco, CA	$450M	Debut fund
Crescent Capital Group	Los Angeles, CA and London, UK	€1.6B	Second European specialty lending fund
CVC Capital Partners	New York, NY and London, UK	$4.5B	Fifth Asia-focused buyout fund
Deerfield Management	New York, NY	$840M	Second healthcare growth equity fund
Flagship Pioneering	Cambridge, MA	$1.1B	Early-stage fund
Index Ventures	London, UK and San Francisco, CA	$2B	Tenth early stage VC fund ($800M) and fifth growth fund ($1.2B)
Insight Partners	New York, NY	$9.5B	Eleventh software-focused VC and growth equity fund
StepStone Group	San Francisco, CA	$2.1B	Fourth private equity secondaries opportunity fund
The Blackstone Group	New York, NY	€9.8 b	Sixth European real estate private equity fund
TrueBridge Capital Partners	Chapel Hill, NC	$190M	Second direct venture fund
VenBio Partners	San Francisco, CA	$394M	Third fund

Private Equity Investors	Company	Amount	Description
Silver Lake, Sixth Street Partners	Airbnb	$1B	San Francisco, CA-based home rental platform
Bernhard Capital	Ascension Wastewater Treatment	Undisclosed	Louisiana-based private sewer utility operator
Marlin Equity Partners	AVI-SPL	Undisclosed	Tampa, FL-based provider of workplace collaboration solutions
Veronis Suhler Stevenson, NewSpring Health Capital	BRC Healthcare	Undisclosed	Texas-based addiction treatment services company
SoFi	Galileo	$1.2B	Salt Lake City-based financial services API and payments platform
The Riverside Co.	Independent Living Specialists	Undisclosed	Australian provider of mobility devices like wheelchairs and personal care equipment like shower stools
Webster Equity Partners	One GI	$80M	Gastroenterology practice platform
Pine Island Capital Partners, Bain Capital Credit	Precinmac	Undisclosed	Manufacturer of high-precision machined components and assemblies for the aerospace & defense, semiconductor, and general industrials sectors
PSP Investments	SitusAMC	Undisclosed	Provider of tech and consulting services to the real estate finance market
ICV Partners	The Mintz Group	Undisclosed	New York-based investigative and enterprise risk management services company

Venture Capital Investors	Company	Amount	Description
Bregal Sagemount	Accellion	$120M	Palo Alto, CA-based enterprise content firewall company
JMI Equity, Next Coast Ventures, Silverton Partners	AlertMedia	$15M	Austin, TX-based provider of emergency communication software
Rally Ventures	Bugcrowd	$30M	San Francisco, CA-based crowdsourced cybersecurity startup
IVP, Sapphire Ventures	CircleCI	$100M	San Francisco, CA-based continuous integration and delivery platform for software development
DFJ Growth, Foundation Capital, Greenspring Associates, Wing VC, HP Enterprise, Cisco, Sequoia Capital, SoftBank Vision Fund	Cohesity	$250M	San Jose, CA-based software-defined data management company
Vensana Capital, Amgen Ventures	GPB Scientific	$25.5M	Richmond, VA-based therapeutic cell production and bioprocessing startup
AXA Venture Partners, Zendesk, Allos Ventures, Atlas Peak Capital, Rethink Education, The Yard Ventures	Lessonly	$15M	Indianapolis, IN-based online training platform for teams
ClearSky Security, Bessemer Venture Partners, Felicis Ventures	Okera	$15M	San Francisco, CA-based secure data access startup
Celeres Investments, Ford Motor Co., KT, Millennium Technology Value Partners, DSC Investment	Phantom AI	$22M	Burlingame, CA-based vehicle-agnostic autonomous driving platform
YC Continuity, Sapphire Ventures, Alkeon Capital, Recruit Co., Ltd., IVP, Accel, Summit Partners, GV	Podium	$125M	Lehi, UT-based customer messaging platform for local businesses
Atomico, BlackRock, Founders Fund, Redpoint Ventures	PsiQuantum	$215M	Palo Alto, CA-based developer of a commercial quantum computer
D1 Capital Partners, Uncork Capital, Union Square Ventures, Bessemer Venture Partners	Shippo	$30M	San Francisco, CA-based provider of shipping software
MemorialCare Innovation Fund, LRVHealth, OSF Ventures, UnityPoint Health Ventures, Act Venture Capital, B Capital Group	SilverCloud Health	$16M	Boston, MA-based digital mental health platform
General Catalyst, F-Prime Capital, Kickstart Seed Fund, Diōko Ventures, Jonathan Bush	SonderMind	$27M	Denver, CO-based behavioral health startup
Delta-v Capital, Afia Capital, Stadia Ventures, General Catalyst, Seaport Capital, DUMAC, Steve Pagliuca, Reggie Love	Teamworks	$25M	Durham, NC-based athlete engagement platform for collegiate and pro teams
Lightspeed Venture Partners	Tonkean	$24M	San Francisco, CA-based no-code automation platform
Insight Partners, Olive Tree Ventures, Qualcomm Ventures, Orbimed, Echo Health, Qure, Teuza	Tyto Care	$50M	New York, NY-based telehealth platform

|Scherzer Deal Report|

The Scherzer Deal Report: March 25-April 1, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
Arch Venture Partners	Chicago, IL	$1.46B	Tenth early-stage biotech fund and an affiliated overage fund
Ardian	Paris, France	$18B	Eighth private equity secondaries fund
Gemspring Capital	Westport, CT	$750M	Second fund
General Catalyst	Cambridge, MA	$600M	Tenth early stage fund
General Catalyst	Cambridge, MA	$1B	New growth fund
General Catalyst	Cambridge, MA	$700M	New “endurance fund” that will back companies doing at least $100 million in sale
Tailwater Capital	Dallas, TX	$1.1B	Fourth fund

Private Equity Investors	Company	Amount	Description
Palm Beach Capital	Allen Brothers	Undisclosed	Philadelphia, PA-based wholesale distributor to the convenience and grocery store market
PSP Investments, Alberta Teachers’	AltaGas Canada	C$1.7B	Canadian utility
Thoma Bravo	Command Alkon	Undisclosed	Birmingham, AL-based supplier collaboration platform for heavy construction
Apple	Dark Sky	Undisclosed	New York-based weather app that specializes in weather forecasting and visualization
Stone Canyon Industries	Kissner	$2B	Toronto-based salt producer
Charlesbank Capital Partners	News America Marketing	$235M	New York-based coupon-publishing unit
Genstar Capital	Obsidian Insurance Holdings	$100M	New fronting insurance holding company
HGCC	PCF Insurance	Undisclosed	Woodland Hills, CA-based retail insurance brokerage
Council Capital	Physician Housecalls	Undisclosed	Chickasha, OK-based provider of primary care services at private residences, assisted living centers, and independent senior apartments
Morgan Stanley Infrastructure Partners	Seven Seas	$500M +	Tampa, FL-based water treatment business
Francisco Partners	Smith Technologies	Undisclosed	Spartanburg, SC-based developer of community pharmacy and long-term care technology
Calera Capital	Thayer Power & Communication	Undisclosed	Pataskala, OH-based provider of repair, maintenance, and upgrade services for the utility and telecom industries
Stonepeak Infrastructure Partners	Trac Intermodal	Undisclosed	Princeton, NJ-based transportation equipment company

Venture Capital Investors	Company	Amount	Description
F-Prime Capital, NEA, Atlas Venture, Alexandria Venture Investments, Lonza, Partners Innovation Fund	Affinia Therapeutics	$60M	Waltham, MA-based gene therapy startup
Pivotal BioVenture Partners, Cormorant Asset Management, Cowen Healthcare Investments, EcoR1 Capital, Fidelity, Polaris Founders Fund, Pagsgroup, Surveyor Capital, Wu Capital, 5AM Ventures, NEA, Novartis, Partners Innovation Fund, RA Capital Management, Sofinnova Investments	Akouos	$105M	Boston, MA-based developer of gene therapies for hearing
Cigna Ventures, MemorialCare Innovation Fund, Avalon Ventures, CU Healthcare Innovation Fund, Stanford Health Care	AristaMD	$18M	San Diego, CA-based e-consulting platform for medical specialists
OrbiMed, Arch Venture Partners, Frazier Healthcare Partners, Domain Associates, Section 32, Sam Altman	Aspen Neuroscience	$70M	San Diego, CA-based developer of an autologous neuron replacement therapy to treat Parkinson’s disease
Lux Capital, Coatue, Sonder Capital, Playground Global, Baidu Ventures, Refactor Capital	Avail Medsystems	$25M	Palo Alto, CA-based startup that helps digitize a surgeon’s physical presence in the operating room
Lightspeed Venture Partners, OpenView, Bessemer Venture Partners, YL Ventures, Vertex, WTI	Axonius	$58M	New York-based cybersecurity asset management company
Itochu Corp.	BigRentz	$15M	Irvine, CA-based construction equipment rental platform
Durable Capital Partner, Iconiq Capital, Index Ventures, Battery Ventures, CapitalG, Dawn Capital	Collibra	$112.5M	New York-based provider of data governance software for business users
The Invus Group, Surveyor Capital, EDBI, Vertex Ventures, F2 Ventures, MPM Capital, EcoR1 Capital, Redmile Group, Samsara BioCapital	ElevateBio	$170M	Cambridge, MA-based cell and gene therapy startup
T.J. Rogers, York Capital	Enovix	$45M	Fremont, CA-based developer lithium-ion batteries
LeapFrog, Sequoia Capital, Sofina	MedGenome	$55M	Foster City, CA-based genetic diagnostics and research startup focused on Southeast Asia
Index Ventures	Notion	$50M	San Francisco-based provider of cloud-based collaboration tool
General Catalyst, Drive Capital, Oak HC/FT, Ascension Ventures	Olive	$51M	Columbus, OH-based provider of health care administration automation software
Dell Technologies Capital, WRVI Capital, Avalon Ventures, Argentum Capital Partners, Allen and Company, Mathers Associates	Orion Labs	$29M	San Francisco, CA-based provider of communication and automation SaaS for deskless workers
Access Biotechnology, Boxer Capital, RA Capital, OrbiMed, Polaris Partners, Versant Ventures, Roche Venture Fund, SR 1, JDRF T1D Fund, BioInnovation Capital	Pandion Therapeutics	$80M	Cambridge, MA-based biotech focused on autoimmune disorders like Type 1 diabetes
G2VP	Seegrid	$25M	Pittsburgh, PA-based developer of self-driving industrial vehicles for material handling
Georgian Partners, Franklin Templeton, Prologis Ventures, GreatPoint Ventures, Alumni Ventures Group	Strivr	$30M	Palo Alto, CA-based provider of VR training solutions
RA Capital Management, Janus Henderson Investors, TPG Growth, Abingworth, Longitude Capital, Frazier Health Care Partners, Pivotal bioVenture Partners, Medixci, CTI Life Sciences, Roche Venture Fund, Foresite Capital	SutroVax	$110M	Foster City, CA-based developer of a pneumonia vaccine
Radicle Impact Partners, The Ecosystem Integrity Fund, ID8 Investments, AiiM Partners	Vericool	$19.1M	Livermore, CA-based maker of compostable insulation packaging
Exor, Shell, Macquarie Capital, Mori Building	Via	$200M	New York-based ride hail and transit software compan

|Scherzer Deal Report|

The Scherzer Deal Report: March 18-25, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
FMI Investment Partners	Durham, NC	$26M	Debut fund
Fort Ross Ventures	Menlo Park, CA	$235M	Second fund
Mayfield	Menlo Park, CA	$475M	16th early-stage fund
Mayfield	Menlo Park, CA	$275M	2nd opportunities fund
Origami Capital Partners	Chicago, IL	$520M	4th fund
The Carlyle Group	Washington, DC	$2.3B	4th Japan buyout fund

Private Equity Investors	Company	Amount	Description
TA Associates	Accion Labs	Undisclosed	Pittsburgh, PA-based software engineering company
Levine Leichtman Capital Partners	Blue Ridge ESOP Associates	Undisclosed	Charlottesville, VA-based provider of ESOP administration and recordkeeping solutions
OLX Group, Andreessen Horowitz, Warburg Pincus	OfferUp	$120M	Bellevue, WA-based peer-to-peer marketplace for local goods
Marlin Equity Partners	SmartLinx	Undisclosed	Iselin, NJ-based provider of workforce management software for skilled nursing, senior living and post-acute care providers
Gainline Capital Partners	SourceHOV	Undisclosed	Fort Worth, TX-based provider of tax incentive solutions to accounting firms and mid-market companies
MPE Partners	Teel Plastics	Undisclosed	Baraboo, WI-based manufacturer of highly engineered and complex plastic components
The Jordan Co.	Transportation Impact	Undisclosed	Emerald Isle, NC-based provider of software for high-volume shippers
Northlane Capital Partners	VMG Health	Undisclosed	Dallas, TX-based valuation and transaction advisory firm exclusively focused on the healthcare industry

Venture Capital Investors	Company	Amount	Description
Decheng Capital, Oceanpine Capital	Apexigen	$65M	San Carlos, CA-based developer on cancer antibodies
M12, PayPal, USVP	Arkose Labs	$22M	San Francisco, CA-based provider of online fraud and abuse prevention software
Fidelity, Valor Equity Partners	Castle Creek Biosciences	$55M	Exton, PA-based gene therapy company focused on rare skin conditions
Updata Partners	CData	$20M	Chapel Hill, NC-based provider of data access and connectivity software
Insight Partners, Cisco Investments, Lightspeed Venture Partners, Norwest Venture Partners, Redpoint Ventures	Dremio	$70M	Santa Clara, CA-based “data lake engine” startup
Insight Partners, Wing VC, General Catalyst	Espressive	$30M	Santa Clara, CA-based developer of company help-desk chatbots
Stripe, Index Ventures, Susa Ventures	Fast	$20M	San Francisco, CA-based developer of platform-agnostic login and checkout services
Dell Technologies Capital, Accel	Humio	$20M	London-based log management platform
Casdin Capital, Greenspring Associates, Alexandria Venture Investments, Illumina Ventures, Polaris Partners, The Column Group	Kallyope	$112M	New York-based biotech focused on the “gut-brain axis,”
Notion Capital, Workday Ventures, Foundation Capital, Emergence Capital	Mya Systems	$18.75M	San Francisco, CA-based hiring chatbot
Generation Investment Management, Breakthrough Energy Ventures, 1955 Capital, Mousse Partners, ADM Ventures, Danone Manifesto Ventures	Nature’s Fynd	$80M	Chicago, IL-based alternative protein startup
B Capital Group, Kleiner Perkins, Khosla Ventures, Accomplice, Top Tier Capital Partners	Plastiq	$75M	San Francisco, CA-based solution for paying bills via credit card
4BIO Capital, Arkin Bio Ventures, Takeda Ventures, New York Ventures, Alexandria Venture Investments	Redpin Therapeutics	$15.5M	New York-based chemo-genetics focused on nervous system diseases
Cobro Ventures, Taiwania Capital, 3E Bioventures Capital, Yonjin Capital, VIVA Biotech Holdings	Regenacy Pharma	$30M	Waltham, MA-based developer of diabetes treatments
Advance, The Chernin Group	Scopely	$200M	Los Angeles, CA-based mobile gaming company
Mann & Hummel, IDEA Fund Partners, Multiplier Capital, Lead Edge Capital, Arsenal Growth, One Better Ventures, Bonaventure Capital	SecondNature	$16.4M	North Carolina-based DTC air purifier and water filter startup
Undisclosed	SoftIron	$34M	London-based developer of data center appliances
Argo Infrastructure Partners, Wafra, Macquarie Capital Principal Finance, Cequel, Ontario Teachers, RedBird Capital Partners, The Stephens Group, Thompson Street Capital Partners	TierPoint	$320M	St. Louis, MO-based data center operator

|Scherzer Deal Report|

The Scherzer Deal Report: March 11-18, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
Cold Bore Capital	Chicago, IL	$200M	Second fund
Commonfund Capital	Wilton, CT	$300M	Third emerging markets fund-of-funds
Congruent Ventures	San Francisco, CA	$125M	Second fund
Form Capital	Hamilton, Bermuda	$25M	Debut fund
Greycroft	New York, NY	$400M	Third growth fund

Private Equity Investors	Company	Amount	Description
Hellman & Friedman	Checkmarx	Undisclsoed	Paramus, NJ-based provider of software security solutions for DevOps
Advent International	Conservice	Undisclsoed	Logan, UT-based provider of utility management software and billing solutions to property owners and managers
AE Industrial Partners	G.S. Precision	Undisclsoed	Brattleboro, VT-based maker of high-precision machined components and complex assemblies
Agilitas	Learning Curve Group	Undisclsoed	British upskilling company
Monomoy Capital Partners	Mac Papers	Undisclsoed	Jacksonville, FL-based distributor of paper, packaging, wide format and envelope products
TSG Consumer Partners	Pathway Vet Alliance	$2.65B	Austin, TX-based veterinary clinic chain
Serent Capital	SHR	Undisclsoed	Houston, TX-based central reservation system for hotels
Colfax Creek Capital	Traverse City Products	Undisclsoed	Traverse City, MI-based provider of supplier of custom roll-formed and stamped metal products

Venture Capital Investors	Company	Amount	Description
Accel, Bessemer Venture Partners, FirstMark, Version One, Leaders Fund, Burst Capital	Ada	$44M	Toronto, Canada-based developer of customer service chatbots
Ten Eleven Ventures, Cyberstarts	Axis Security	$17M	San Mateo, CA-based private app access startup
UnityPoint Health Ventures, Well Ventures	B.well Connected Health	$16M	Baltimore, MD-based digital health engagement platform
The Column Group, Nextech Invest, ShangPharma, LifeForce Capital, Berkeley Catalyst Fund	Circle Pharma	$45M	South San Francisco, CA-based developer of cell-permeable macrocyclic peptide therapeutics
Lyell Immunopharma	Eureka Therapeutics	$45M	Emeryville, CA-based developer of T-cell therapies for solid tumors
MSD Partners, F1 BioVentures	Exuma Biotech	$19M	West Palm Beach, FL-based developer of CAR-T therapies for solid and liquid tumors
Franklin Templeton Investments, T. Rowe Price, Geodesic Capital, GGV Capital, Mayfield, IVP, Redpoint Ventures, True Ventures	HashiCorp	$175M	San Francisco, CA-based provider of multi-cloud automation software
Mirae Asset Global Investments, Mindy Kaling, Peter Jackson, Horizons Ventures, Khosla Ventures, Temasek	Impossible Foods	$500M	Redwood City, CA-based maker of plant-based protein products
Summit Partners	NinjaRMM	$30M	San Francisco, CA-based provider of remote monitoring and endpoint management software
Foundation Capital, Core Innovation Capital, Obvious Ventures	One	$17M	San Francisco, CA-based digital banking startup
Forerunner Ventures, Gradient Ventures, Square	Oura	$28M	San Francisco, CA-based maker of a sleep-tracking device
Scale Venture Partners, SVB, West Ventures, Kleiner Perkins, YC	Proxy	$42M	San Francisco, CA-based Bluetooth ID startup
Telstra Ventures, Mayfield, Nexus Venture Partners, GRC SinoGreen, F&G Ventures	Rancher Labs	$40M	Cupertino, CA-based Kubernetes management platform
Greycroft, e.ventures, Franklin Templeton, Adams Capital Management, FJ Labs	RoadRunner Recycling	$28.6 m	Pittsburgh, PA-based recyclying company
D1 Capital Partners	Sight Sciences	$30M	Menlo Park, CA-based developer of ophthalmology and optometry device
CPP Investments, Longevity Vision Fund, BlackRock, Flagship Pioneering	Sigilon Therapeutics	$80.3M	Cambridge, MA-based cell therapy startup
Baillie Gifford, Franklin Templeton, NEA, Novo Holdings, T. Rowe Price	Tempus	$100M	Chicago, IL-based precision medicine company
Insight Partners, Accel, OpenView, Greenspring Associates	UserTesting	$100M	San Francisco, CA-based user experience testing platform
Wing VC, Greylock Partners, Sallyport Investments	Validere	$15M	Houston, TX-based informatics platform for energy companies
First Analysis, Blue Heron Capital, UnityPoint Health Ventures, Next Level Ventures, Chartline Capital Partners, Rural Vitality Fund, Rittenhouse Ventures, Iowa First Capital Fund, The Angels’ Forum	VIDA Diagnostics	$11M	Coralville, IA-based provider of lung imaging analytics

|Scherzer Deal Report|

The Scherzer Deal Report: March 4-11, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
Frontline Ventures	Dublin and London	$80M	New fund
Felicis Ventures	Palo Alto, CA	$510M	Seventh early-stage fund
New Enterprise Associates	Chevy Chase, MD	$3.6B	Seventeenth venture capital fund
Serent Capital	San Francisco, CA	$750M	Fourth fund

Private Equity Investors	Company	Amount	Description
CIP Capital	3Pillar Global	Undisclosed	Fairfax, VA-based software product development firm
Susquehanna Growth Equity	Clutch Co	Undisclosed	Washington, DC-based B2B ratings and reviews platform for IT, marketing, and biz services providers
New Heritage Capital	DeWinter Group	Undisclosed	San Francisco, CA-based provider of temporary and permanent staffing solutions with a focus on finance, accounting, and IT
Shoreline Equity Partners	Engelman Baking Co	Undisclosed	Norcross, VA-based wholesale bakery focused on breads and rolls
The Blackstone Group	HealthEdge	$700M	Burlington, MA-based provider of core administrative processing systems for health care businesses
Bessemer Investors	Leonard Valve Co.	Undisclosed	Cranston, RI-based maker of water temperature control valves and monitoring devices
Marlin Equity Partners	Lifesize	Undisclosed	Austin, TX-based provider ofv ideo collaboration and meeting productivity solutions
The Riverside Company	National Flavors	Undisclosed	Kalamazoo, MI-based maker of flavors for use in beverages and foods
Excellere Partners	ParcelShield	Undisclosed	Redmond, OR-based provider of predictive parcel tracking and engagement software for health care clients
Battery Ventures	WinWorker	Undisclosed	German provider of business management software and mobile tools for SME craftsmen

Venture Capital Investors	Company	Amount	Description
Bain Capital Ventures, First Round Capital, BoxGroup	Airbase	$23.5M	San Francisco, CA-based spend management platform
Blue Cloud Ventures, Stereo Capital, Delta-v Capital, NextEquity Partners	Arctic Wolf	$60M	Sunnyvale, CA-based security operations center-as-a-service company
Hummingbird Ventures, NeoTribe Ventures	BillionToOne	$15M	Menlo Park-based diagnostics company that uses maternal blood to discover genetic disorders in fetuses
Viking Global Investors, PeakSpan Capital, Recruit Co., Ltd., Counterpart Ventures, Cultivation Capital	Cloudbeds	$82M	San Diego, CA-based provider of hospitality management solutions
Celeres Investments, Engage, AI List Capital	Deep North	$25.7M	Foster City, CA-based video analytics startup
Five Elms Capital, Beringea	DeepCrawl	$19M	New York-based technical SEO platform
CapitalG, Menlo Ventures, Andreessen Horowitz, K9 Ventures	Everlaw	$62M	Oakland, CA-based cloud e-discovery and litigation platform
T. Rowe Price, Durable Capital Partners	HaulHub	$30M	Boston, MA-based heavy construction logistics startu
Oberndorf Enterprises	Human Interest	$40M	San Francisco, CA-based provider of 401(k)s for small and mid-sized businesses
Evolution VC Partners	Hungry	$20M	Catering marketplace that connects businesses with independent chefs
BVF, Redmile Group, Wellington Management Co., Bain Capital Life Sciences, Janus Henderson, BlackRock, Rock Springs Capital	Kymera Therapeutics	$102M	Cambridge, MA-based biotech focused on protein degradation
Dell Technologies Capital, Bain Capital Ventures, Blue Cloud Ventures, Greylock Partners, IBM, Intel, Juniper Networks, Shasta Ventures	Lightbend	$25M	San Francisco, CA-based creator of a reactive architecture platform
IVP, Meritech Capital Partners, Casdin Capital, Crown Venture Fund, Glynn Capital, Greylock Partners, Providence Ventures, Tenaya Capital, Venrock	Lyra Health	$75M	Burlingame, CA-based behavioral health tech company
Health Catalyst Capital, Horizon BlueCross BlueShield of New Jersey, Goodwater Capital, NEA, Lux Capital, Three Fields Capital, SVB	Pager	$33M	New York-based virtual health care companion
General Catalyst, LionBird, North Coast Ventures	Remesh	$25M	New York-based research platform
Deerfield Management, Optum Ventures, HLM Venture Partners, Waterline Ventures, Heritage Provider Network	RubiconMD	$18M	New York-based e-consultant for specialist health care
USVP, Nextech Invest, Hunt Investment Group, Pontifax, Colt Ventures, NS Investment, OrbiMed, Bristol-Meyers Squibb, Alexandria Venture Investments	Silverback Therapeutics	$78.5M	Seattle, WA-based developer of immune-modulating drug conjugate
Almanac Insights, KarpReilly, Prolong Ventures, VMG Partners	Spindrift	$29.8M	Charlestown, MA-based maker of sparkling waters and seltzers
01 Advisors, Dragoneer, Franklin Templeton, EPIQ Capital Group	SpotOn	$50M	San Francisco, CA-based provider of point-of-sale payment solutions
e.ventures, Bertelsmann, Andreessen Horowitz, Axel Springer, the Blackstone Group, Breyer Capital, CrunchFund, Dawn Capital, Goodwater Capital, Greycroft, Greylock, Kleiner Perkins, NEA, Stereo Capital, Foxhaven Asset Management	Zumper	$60M	San Francisco, CA-based property rental platform

|Scherzer Deal Report|