The Scherzer Deal Report: April 15-19, 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
Andreessen Horowitz
$7.2B
Growth fund ($3.75B), AI Infrastructure ($1.25B), AI apps ($1B), American Dynamism ($600M), and Gaming II ($600M)
Chevron
$500M
Third clean tech venture fund
Evolution Equity Partners
$1.1B
Third fund
Maven Ventures
$60M
Fourth fund
SOSV
$306M
Fifth fund
SpringTide Ventures
$65M
Second fund
Underscore VC
$58M
Third fund
Vista Equity Partners
$20B
Eighth flagship fund
Wellington Management
$385M
Cimate tech venture fund
Private Equity Deals
Forward Consumer Partners
Firehook Bakery
Undisclosed amount
Chantilly, VA-based artisan baking business
Wynnchurch Capital
Handgards
Undisclosed amount
El Paso, TX-based manufacturer and supplier of disposable food safety products for the food service industry
Godspeed Capital Management
Special Aerospace Services
Undisclosed amount
Boulder, CO-based spaceflight engineering and facilities company
Venture Capital Deals
Sunstone Capital
Accuhealth
$200M
McAllen, TX-based remote patient-monitoring company
Evolution Equity Partners, Foundation Capital, Cervin, Myriad, Point72, Outpost, and G Squared
Anvilogic
$45M
Palo Alto, CA-based enterprise data management startup
Questa Capital, Laerdal Million Lives Fund, Catalyst Health Ventures, RC Capital, and Eckuity Capital
Avive Solutions
$56.5M
San Francisco, CA-based remote cardiac arrest device maker
A* Capital, Andreessen Horowitz, XYZ Ventures, ex/ante, Costanoa Ventures, Point72 Ventures, Forward Deployed VC, and Karman Ventures
Cape
$61M
Arlington, VA-based mobile carrier
Spring Lane, Ahlström Invest, AXA Investment Managers, Climate Innovation Capital, and Tokyu Construction/Global Brain
CleanFiber
$28M
Buffalo, NY-based cardboard-to-insulation material producer.
IGP Capital, Vertex Ventures, and TPY Capital
Dot Compliance
$17.5M
Phoenix, AZ-based life sciences quality management software company
Respida Capital, Carver Road Capital, and Gala Capital Partners
Ecotrak
$30M
Irvine, CA-based facility management software platform.
Maverix Private Equity, TELUS Ventures, and I Squared Capital
Kode Labs
$30M
Detroit, MI-based maker of building energy management software.
Goldman Sachs
Kontakt.io
$47.5M
New York, NY-based hospital indoor tracking startup.
Khosla Ventures, Berkeley SkyDeck Fund, Emergent Ventures, Fusion Fund, and Surface Ventures
Loft Labs
$24M
San Francisco, CA-based Kubernetes startup
Mayfield
NeuBird
$22M
San Francisco, CA-based software and infrastructure reliability management startup.
Energy Impact Partners, Galvanize Climate Solutions, Garage Capital, Gradient Ventures, Incite Ventures, MCJ Collective, Lowercarbon Capital, and Drew Scott
Quilt
$33M
Redwood City, CA-based heat pump startup
Khosla Ventures, Founders Fund, Sequoia Capital, Greylock, 8VC, Thrive Capital, General Catalyst, Sands Capital, D1 Capital, Lux Capital, Iconiq Capital, Definition Capital, and Contrary Capital
Ramp
$150M
New York, NY-based corporate finance management startup
Coatue
Rippling
$200M
San Francisco, CA-based employee onboarding tech startup
Matrix Capital Management, Intel Capital, MediaTek, Cambium Capital, CIDC, Capital TEN,Hotung Venture Group, Walden Catalyst, Dell Technologies Capital, Koch Disruptive Technologies, and VentureTech Alliance
Rivos
$250M
Santa Clara, CA-based RISC-V server tech company
Amplo and Fifth Down Capital
Two Chairs
$72M
San Francisco, CA-based in person therapy startup
Korea Development Bank, Shinhan Venture Investment, Hana Ventures, Mirae Asset Venture Investment, IBK Securities, SBVA, Primer Sazze, Company K Partners, and Premier Partners
Upstage
$72M
San Jose, CA-based document processing AI startup.