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Scherzer Deal Report

The Scherzer Deal Report: August 28-September 1, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

Geek Ventures
New York, NY
$23M
Debut fund

Private Equity Deals

Ares Management and Macquarie Asset Management
Altafiber
$600M
Cincinnati, OH-based technology and telecom company

Shoreline Equity Partners
American Landscaping Partners
Undisclosed
Nashville, TN-based provider of landscaping and chemical application services

OneRock Capital Partners
BrightView
$500M
Blue Bell, PA-based commercial landscaper

KSL Capital Partners
Hersha Hospitality Trust
Undisclosed
Harrisburg, PA-based hotel REIT and luxury hotel owner

WestView Capital Partners
Hubstaff
Undisclosed
Fishers, IN-based provider of workforce management SaaS

SK Capital Partners
Isolatek
Undisclosed
Stanhope, NJ-based maker of passive fireproofing technologies

Cerberus Capital Management
Spring EQ
Undisclosed
Radnor, PA-based provider of home equity financing solutions

Roark Capital Partners
Subway
Undisclosed
Milford, CT-based sandwich shop chain

L Catterton
Thorne HealthTech
$680M
New York, NY-based provider of nutritional supplements

Grovecourt Capital Partners
Traffic & Mobility Consultants
Undisclosed
Orlando, FL-focused transportation planning and traffic engineering consultancy

Venture Capital Deals

NewSpring Healthcare, Peloton Equity, Merck Global Health Innovation Fund, Hamilton Lane, Flexstone Partners, Wave Equity Partners, Escalate Capital
AeroSafe Global
$43M
Rochester, NY-based provider of outsourced cold chain solutions for life sciences

Level Structured Capital, Magma Ventures, Vestech Partners, NYFF, WGG
Allseated
$20M
San Francisco, CA-based event planning platform

Bain Capital Ventures, Nexus Venture Partners, Sequoia Capital, Tribe Capital
Apollo.io
$100M
San Francisco, CA-based provider of B2B sales intelligence and engagement software

Sands Capital, Omega Funds, Soleus Capital, Eventide Asset Management, Farallon Capital, Perceptive Advisors, RTW Investments, ArrowMark Partners, Pura Vida Investments
Beta Bionics
$100M
Concord, MA-based developer of diabetes management solution

aMoon, F-Prime Capital, .406 Ventures
Better Life Partners
$26.5M
Hanover, NH-based provider of medical and behavioral health services for people with addictions

DCVC, Cleveland Avenue
CH4 Global
$29M
Henderson, NV-based startup that uses seaweed to reduce methane emissions from livestock burps

Riverwood Capital, Toba Capital
Hyperproof
$14M
Bellevue, WA-based risk and compliance management SaaS

BIP Ventures, Boathouse Capital
Mediafly
$80M
Chicago, IL-based revenue enablement startup

SignalFire, Boulton & Watt
Moxie
$15.7M
Atlanta, GA-based medspa operations platform

Hill’s Pet Nutrition, Mercury Fund, Boehringer Ingelheim
Otto
$43M
Austin, TX-based customer engagement platform for veterinary clinics

Goldman Sachs, Capricorn, T. Rowe Price
Redwood Materials
$1B
Carson City, NV-based company recycling and refining lithium-ion batteries and remanufacturing anode and cathode components

Icon Ventures, Glynn Capital, Four River Partners, K5 Global, Sequoia Capital, Greylock
Rockset
$37M
San Mateo, CA-based provider of tools for real-time search and data analytics

RA Capital Management-Planetary Health, T. Rowe Price, Mineral Resources Group, Macquarie GIG Energy Transition Solutions, Assembly Ventures, Breakthrough Energy Ventures, Chrysalix
Sortera
$30.5M
Markle, IN-based materials sorting companyLachy GroomSpeak$16MSan Francisco, CA-based English language learning platform

Top Tier Capital Partners, Okapi Ventures, Calibrate Ventures, Craft Ventures, Revel Partners, Sky Dayton
Trellis
$15M
Los Angeles, CA-based provider of state trial court data

|Scherzer Deal Report|

The Scherzer Deal Report: August 21-25, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

Blackstone
$5.2B
Fourth tactical opportunities fund

Questa Capital
$397M
Third fund

Private Equity Deals

Apollo Global Management
CATEC
Undisclosed
Houston, TX-based provider of compressed natural gas, renewable natural gas, and hydrogen transportation and storage solutions

PAI Partners
Alphia
Undisclosed
Ogden, UT-based pet food maker

Ivest Consumer Partners
Cloudco Entertainment
$100M
Cleveland, OH-based owner of the rights to Care Bears and Holly Hobby

Cressey & Co.Health
Drive
Undisclosed
Framingham, MA-based provider of clinical services for patients in long-term care facilities

Trident, Bluejay Capital
Priority Courier Experts
Undisclosed
St. Paul, MN-based local B2B delivery provider

Riverwood Capital
Spycloud
$110M
Austin, TX-based identity analytics firm

Comvest Partners
Apotheco Pharmacy Group
Undisclosed amount
New York, NY-based network of specialized dermatology pharmacies

Apax Partners
Bazooka Candy Brands
$700M
New York, NY-based international marketer of confections products

Coalesce Capital and Freedom 3 Capital
Examinetics
Undisclosed amount
Overland Park, KS-based provider of occupational health compliance testing

Arcadea Group
Flight Vector
Undisclosed amount
Henderson, NV-based provider of flight dispatch software

Bain Capital
Fogo de Chão
Undisclosed amount
Plano, TX-based Brazilian restaurant chain

Align Capital Partners
Global Guardian
Undisclosed amount
McLean, VA-based duty-of-care provider

ArcLight Capital Partners
Kleen Energy Systems
Undisclosed amount
Middletown, CT-based natural gas-fired power plant

Sun Capital Partners
Koch Engineered Solutions
Undisclosed amount
Wilmington, MA-based provider of separation technologies

Highview Capital
Safety Marking
Undisclosed amount
Bridgeport, CT-based highway and roadway marking company

BV Investment Partners
The Hardenbergh Group
Undisclosed amount
Livonia, MI-based provider of temp non-clinical staffing and other health care solutions

Northleaf Capital Partners
Tillman FiberCo
Undisclosed amount
New York, NY-based developer and owner of fiber networks

Spectrum Equity
VBA
$156M
Germantown, WI-based provider of health benefits administration software

Venture Capital Deals

Aljazira Capital, Boryung Co.
Axiom Space
$350M
Houston, TX-based commercial space station operator

The Banc Funds, 50 South Capital, The Andersons Inc., Cargill, Germin8, Lewis & Clark AgriFood, The Scoular Co., Conti Ventures
Bushel
$26M
Fargo, ND-based platform for connecting farmers and agribusinesses

Koch Disruptive Technologies, Bristol Myers Squibb, DFJ Growth, Willett Advisors, Eclipse, Decheng Capital, 8VC
Cellares
$255M
South San Francisco, CA-based cell therapy manufacturing platform

Sigma Ventures, Ridge Ventures, Founders Fund, Bowery Capital, AV8, Salesforce Ventures, Tau Ventures, Okta Ventures, Incubate Fund
Cerby
$17M
Alameda, CA-based provider of access management solutions for nonstandard enterprise apps

Carom Growth Partners, SE Ventures
Clockworks Analytics
$16.1M
Boston, MA-based provider of SaaS building analytics

Breyer Capital, Bridgewater Associates
Elemental Cognition
$60M
New York, NY-based generative AI startup

Truist Bank, Maryland Small Business Development Authority
Fearless
$17M
Baltimore, MD-based digital services company

SR One, Medicxi, OrbiMed, HBM Healthcare Investments, Novartis Venture Fund, 3B Future Health Fund, Cormorant Asset Management, Wellington Management, Samsung Securities
Fore Biotherapeutics
$75M
Philadelphia, PA-based developer of cancer therapies

Particle Future
FranklinWH
$25M
San Jose, CA-based home battery startup

Bessemer Venture Partners, Battery Ventures, Motivate Venture Capital, Schematic Ventures, Waybury Capital
Fulcrum
$18M
Minneapolis, MN-based provider of cloud software for manufacturers

Andreessen Horowitz, Fidelity, BlackRock, Nvidia, Rock Springs Capital, T. Rowe Price, Menlo Ventures, Radical Ventures
Genesis Therapeutics
$200M
Burlingame, CA-based AI drug discovery company

Third Point Ventures, YL Ventures, Intel Capital, The Syndicate Group
Grip Security
$41M
Boston, MA-based SaaS identity risk management provider

EQT Growth, General Atlantic, Moore Strategic Ventures
Gympass
$85M
New York, NY-based corporate employee wellness platform

Google, Amazon, Nvidia, Intel, AMD, Qualcomm, IBM, Salesforce, Sound Ventures
Hugging Face
$245M
New York, NY-based AI startup

Premji Invest, Foundation Capital, E& Capital VC
Ikagai Labs
$25M
San Francisco, CA-based provider of generative AI solutions for tabular data

Left Lane Capital, YC, Zrosk, Global Founders Capital, Olive Tree
LemFi
$33M
Oakland, CA-based fintech focused on providing financial services to African immigrants.

Bessemer Venture Partners, Switch Ventures
Luxury Presence
$19.2M
Santa Monica, CA-based provider of marketing software for real estate brokers

General Catalyst, GV, SV Angel, Greylock, Factory
Modular
$100M
Palo Alto, CA-based AI software development platform

Drive Capital, Pelion, Kickstart
Nursa
$80M
Salt Lake City, UT-based provider of health care staffing tools

Sands Capital, Thrive Capital
Ramp
$300M
New York, NY-based corporate finance automation startup

Cormorant Asset Management, Fidelity, Goldman Sachs, Logos Capital, Perceptive Advisors, Sofinnova Investments, Surveyor Capital, T. Rowe Price, Third Rock Ventures, Arch Venture Partners, J&J
Rapport Therapeutics
$150M
Boston, MA-based developer of neuro medicines

QED Investors, Inspired Capital, Khosla Ventures, Slow Ventures, Spark Capital, Union Square Ventures
Teamshares
$124M
New York, NY-based EOP enabler for small businesses

Town Hall Ventures, Foresite Capital
Thyme Care
$60M
Nashville, TN-based oncology management platform

|Scherzer Deal Report|

The Scherzer Deal Report: August 14-18, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

Angeles Equity Partners
$540M
Second fund

Assembly Ventures
$76M
Debut fund

Lone View Capital
$466M
Debut fund

Private Equity Deals

Comvest Partners
Apotheco Pharmacy Group
Undisclosed amount
New York, NY-based network of specialized dermatology pharmacies

Apax Partners
Bazooka Candy Brands
$700M
New York, NY-based international marketer of confections products

Coalesce Capital and Freedom 3 Capital
Examinetics
Undisclosed amount
Overland Park, KS-based provider of occupational health compliance testing

Arcadea Group
Flight Vector
Undisclosed amount
Henderson, NV-based provider of flight dispatch software

Bain Capital
Fogo de Chão
Undisclosed amount
Plano, TX-based Brazilian restaurant chain

Align Capital Partners
Global Guardian
Undisclosed amount
McLean, VA-based duty-of-care provider

ArcLight Capital Partners
Kleen Energy Systems
Undisclosed amount
Middletown, CT-based natural gas-fired power plant

Sun Capital Partners
Koch Engineered Solutions
Undisclosed amount
Wilmington, MA-based provider of separation technologies

Highview Capital
Safety Marking
Undisclosed amount
Bridgeport, CT-based highway and roadway marking company

BV Investment Partners
The Hardenbergh Group
Undisclosed amount
Livonia, MI-based provider of temp non-clinical staffing and other health care solutions

Northleaf Capital Partners
Tillman FiberCo
Undisclosed amount
New York, NY-based developer and owner of fiber networks

Spectrum Equity
VBA
$156M
Germantown, WI-based provider of health benefits administration software

Venture Capital Deals

Redmile Group, Bain Capital Life Sciences, RA Capital Management, Samsara BioCapital, Sanofi Ventures, New Leaf Ventures, Pontifax, Tekla Capital Management BlackRock, Mass General Brigham Ventures, Eurofarma, Soleus Capital
Abcuro
$155M
Newton, MA-based developer of anti-KLRG1 treatments for autoimmune diseases and cancer

Natural Capital, Unless
Aether
$49M
San Francisco, CA-based developer of rare metal extraction tech

SK Telecom
Anthropic
$100M
San Francisco, CA-based AI research firm

Undisclosed
BitGo
$100M
Sioux Falls, SD-based crypto custody startup

Nava Ventures, AME Cloud Ventures, Streamlined Ventures, Montage Ventures, Industry Ventures, 1707 Capital, AAF Management
Caden
$15M
New York, NY-based personal data monetization app

Guidepost Growth Equity, Education Growth Partners, Lazard Family Office Partners
ClassWallet
$95M
Hollywood, FL-based digital wallet-based purchasing and reimbursement platform for public funds

First Spark Ventures, DigiTx Partners, Phoenix Venture Partners
Figur8
$25M
Boston, MA-based musculoskeletal health startup

Lux Capital, Founders Fund, Operator Partners, Allen & Co., Fred Moll, former Sen. Bob Kerrey
$24M
Mendaera
San Mateo, CA-based healthcare robotics startup

General Motors
Mitra Chem
$60M
Mountain View, CA-based supplier of iron-based cathode materials for batteries

Breakthrough Energy Ventures, Energy Impact Partners, SCG, Titan, Microsoft’s Climate Innovation Fund, Rio Tinto, SABIC, Aramco Ventures, SDCL Energy Efficiency Income Trust, John Doerr
Rondo Energy
$60M
Alameda, CA-based energy storage developer for industrial heat and power

Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust
ZetaChain
$27M
San Francisco, CA-based layer-one blockchain

|Scherzer Deal Report|

The Scherzer Deal Report: August 7-11, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

Access Holdings
Baltimore, MD
$805M
Second lower midmarket fund ($525M) and co-investment commitments (c. $280M)

Blackstone
$7.1B
Third energy transition credit fund

Revelstoke Capital Partners
Denver, CO
$1.7B
Third fund

Ribbit Capital
Palo Alto, CA
$800M
10th fintech-focused VC fund

Private Equity Deals

Apollo Global Management
Accent
Undisclosed amount
Tomball, TX-based provider of baling wires

Waste Connections
Arrowhead Environmental Partners
Undisclosed amount
AL-based non-hazardous solid waste management company

Symphony Technology Group
Avid Technology
Undisclosed amount
Burlington, MA-based media editing software maker

Benford Capital Partners
BSC Industries
Undisclosed amount
Canton, MA-based distributor of industrial automation and motion control products

Novacap
Cadent
$600M
New York, NY-based TV ad tech firm

Seaport Capital
CyberlinkASP
Undisclosed amount
Dallas, TX-based provider of outsourced IT management services

Kohlberg & Co.
Engage PEO
Undisclosed amount
Hollywood, FL-based provider of HR outsourcing solutions to SMBs

RedBird-IMI
EverWonder Studio
Undisclosed amount
New York, NY-based independent nonfiction content studio

Olympus Partners
MEI Rigging & Crating
Undisclosed amount
Albany, OR-based provider of rigging and machinery moving and related services

Willis & Smith Capital
Performance Stamping
Undisclosed amount
Carpentersville, IL-based provider of metal stamping to industrial customers

KKR
Simon & Schuster
$1.62B
New York, NY-based book publisher

Goldman Sachs Asset Management
Synthica Energy
Undisclosed amount
Cincinnati, OH-based developer of biogas from food waste

Clayton Dubilier & Rice
Veritiv
c. $2.3B
Atlanta, GA-based printing and packaging company

Venture Capital Deals

Bain Capital Life Sciences, TCGX, Blackrock, Commodore Capital, Cormorant Asset Management, HB Healthcare Investments, Invus, Marshall Wace, Redmile Group, T. Rowe Price, Venrock, Vivo Capital, Ascenta Capital, Lilly Asia Ventures, OrbiMed, SR One Capital Management
ADARx Pharmaceuticals
$200M
San Diego, CA-based developer of RNA therapeutics

Flagship Pioneering
Alltrna
$109M
Cambridge, MA-based transfer RNA startup focused on codon diseases

Eclipse Ventures, Intuitive Ventures, Puma Venture Capital, Vipul Patel
Capstan Medical
$31.4M
Santa Cruz, CA-based developer of robotic-assisted heart valve surgery tech

Owl Ventures, NEA
Fizz
$25M
Palo Alto, CA-based social app for college students

General Catalyst, the Parker Institute, Mubadala
Georgiamune
$75M
Gaithersburg, MD-based monoclonal antibody developer focused on oncology and autoimmune diseases.

Insight Partners, Baseline Ventures, Haystack, Upside Partnership, Octave Ventures, Mantis VC
Haus
$17M
Mountain View, CA-based marketing ROI analytics startup

Founders Fund
Neuralink
$280M
Fremont, CA-based brain implant startup

Riverwood Capital
One Model
$41M
Austin, TX-based provider of HR analytics software

Baird Capital, Jump Capital, LiveOak, NextCoast, TDF
Osano
$25M
Austin, TX-based data privacy management startup

TPG Rise, Clearvision Ventures, NGP, Prelude Ventures, Parkway Ventures, The Rice Investment Group, Bain & Co., EDF, Alumni Ventures, ENEOS Innovation Partners
Persefoni
$50M
Mesa, AZ-based climate management and accounting platform

Intact Ventures, Lightspeed Venture Partners, General Catalyst, Founders Fund
Resilience
$100M
San Francisco, CA-based cyber risk platform

Blue Lion Global, Renegade Partners
Rightfoot
$15M
San Francisco, CA-based data connectivity startup for financial services

Macquarie Capital, Polaris Partners, .406 Ventures, F-Prime Capital Partners
Simon Data
$54M
New York, NY-based customer data platform

OVN Capital, Adit Capital, TSG, Forgepoint Capital
Symmetry Systems
$17.7M
San Jose, CA-based data security posture management startup

NewRoad Capital Partners, Progress Ventures, BDMI, S4S Ventures, Arbour Way Investors
Tracer
$18.1M
New York, NY-based business data aggregation and normalization platform

General Catalyst, Next47
Tractian
$45M
Atlanta, GA-based industrial asset monitoring startup

Temasek, Shell Ventures, Bidra Innovation Ventures, BlueScope, Galp, Samsung Venture Investment, Toppan Ventures, Tupras Ventures, Yara Growth Ventures, Zeon Ventures
Verdagy
$73M
Moss Landing, CA-based developer of electrolyzer tech for industrials

Capital One Ventures, ServiceNow
Veza
$15M
Los Gatos, CA-based identity management platform

Smith Point Capital, Citi
Virtualitics
$37M
Pasadena, CA-based data analytics and 3D visualization platform

Daniel Gross, Nat Friedman, Coatue, Insight Partners, Felicis, BOND, BloombergBeta
Weights & Biases
$50M
San Francisco, CA-based ML ops platform

|Scherzer Deal Report|

The Scherzer Deal Report: July 31-August 4, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

Energize Capital
$300M
Second growth fund

Glendower Capital
$5.8B
Fifth opportunities fund

Kimmeridge
$1B
Sixth fund

NATO
€1B
Innovative NATO Defense Tech Fund

SK Capital Partners
$800M
Second Catalyst fund

Tuesday Capital
$31M
Fifth seed-stage fund

Whitehorse
$5B+
Fifth fund

Yosemite
$200M
Debut fund

Private Equity Deals

Monroe Street Partners
Brandito
Undisclosed
Richmond, VA-based promotional products platform

Angeles Equity Partners
Custom Goods
Undisclosed
Carson, CA-based provider of asset-light logistics services

HCI Equity Partners
Custom Lawn Care
Undisclosed
Butler, PA-based residential lawn care company

TPG Rise Climate, Global Principal Partners
Hybar
$700M
Osceola, AR-based metal recycler

KKR
Industrial Physics
Undisclosed
New Castle, DE-based maker of testing and measurement instruments

Arlington Capital Partners
Integrated Data Services
Undisclosed
El Segundo, CA-based provider of software for federal government customers

Francisco Partners, TPG
New Relic
$6.5B
San Francisco, CA-based observability platform

InTandem Capital Partners
OrthoNebraska
Undisclosed
Omaha, NE-based hospital focused on musculoskeletal care

City Capital Ventures
SERVPRO of Saginaw
Undisclosed
Saginaw, MI-based franchisee of SERVPRO, provider of residential and commercial property restoration services

Palladium Equity Partners
Superior Environmental Solutions
Undisclosed
Cincinnati, OH-based provider of industrial cleaning services

TSG Consumer Partners
Trinity Solar
Undisclosed
Warwick, RI-based residential solar and battery storage developer

Venture Capital Deals

Playground Global, Andreessen Horowitz, Eli Lilly, the Retinal Degeneration Fund, Hummingbird Ventures, Pillar VC
Amber Bio
$26M
San Francisco, CA-based developer of multi-kilobase gene editing platforms

Foresite Capital, TCGX, Avidity Partners, BVF Partners, Janus Henderson Investors, Acorn Bioventures, Ally Bridge Group, Decheng Capital, Longitude Capital, Malin Corp., RA Capital Management
CG Oncology
$105M
Irvine, CA-based developer of immunotherapies for bladder cancer

Forgepoint Capital
Converge Insurance
$15M
New York, NY-based cyber risk management and underwriting startup

Blackbird Ventures, King River Capital, Spider Capital, January Capital, Summit Peak Ventures
Cyble
$24M
Alpharetta, GA-based cyber threat intelligence provider

Lightspeed Venture Partners, Coatue, Dell Technologies Capital, Section 32
Endor Labs
$70M
Palo Alto, CA-based code and pipeline governance platform

Breakthrough Energy Ventures, Global Founders Capital, NJP Ventures
Equilibrium Energy
$33M
San Francisco, CA-based startup renewable power company

WindRose Health Investors
Healthmap Solutions
$100M
Tampa, FL-based population health management company focused on kidney disease.

JAZZ, B-Flexion, Amboy Street Ventures
HerMD
$18M
Cincinnati, OH-based women’s health provider

Guidepost Growth Equity
Intellum
$25M
Atlanta, GA-based enterprise learning management company

Bain Capital Life Sciences, GordonMD Global Investments, Gilead Sciences, Westlake Village BioPartners, Vida Ventures, Northpond Ventures, RTW Investments, Insight Partners, CAM Capital, LYFE Capital, jVen Capital
Kyverna Therapeutics
$60M
Emeryville, CA-based developer of cell therapies for autoimmune diseases

Ally Bridge Group, Transformation Capital, Care Capital, Omega Venture Partners, Matter Venture Partners, Delta Dental of California, the American Association of Orthodontics
LightForce Orthodontics
$80M
Burlington, MA-based maker 3D-printed dental devices

NextView Ventures, Khosla Ventures, Founders Fund, Steve McLaughlin, Steve Pagliuca, Nextera Energy
Lula
$35.5M
Miami, FL-based insurtech startup

Bessemer Venture Partners, Switch Ventures
Luxury Presence
$19.2M
Santa Monica, CA-based provider of growth marketing solutions for real estate pros

March Capital, Sanabil Investments, Prosperity7, Solutions by STC, Liberty Global Ventures, 8VC, Geodesic Capital, FirstU Capital, Valor Equity Partners
Nile
$175M
San Jose, CA-based enterprise connectivity startup

Novartis, Hikma Ventures, Intermountain Ventures, Blue Venture Fund, Echo Health Ventures, Section 32, Northpond Ventures, Deerfield Management, Casdin Capital, Merck Global Health Innovation Fund
Octave Bioscience
$30M
Menlo Park, CA-based biotech focused on multiple sclerosis

Victory Park Capital
Petal
$20M
Atlanta, GA-based consumer credit card startup

Andreessen Horowitz, Abstract Ventures, Michael Ovitz, Elad Gil
Socket
$20M
San Francisco, CA-based software security startup

HSBC, AYTK Ltd., LUN Partners Group, Fuel VC, Doha VC, Notion Capital, IDC Ventures, The Private Shares Fund
Tradeshift
$70M
New York, NY-based B2B payments and supply chain startup

Autodesk, HG Ventures, PureTerra, Arosa Capital, Riverstone Holdings
Transcend
$20M
Princeton, NJ-based maker of generative design software for sustainable infrastructure

Insight Partners, MemorialCare, Healthcare of Ontario Pension Plan, Clal
TytoCare
$49M
New York, NY-based virtual home care company

Good Growth Capital, IAG Capital Partners
VenoStent
$16M
Houston, TX-based-based developer of vascular support devices

|Scherzer Deal Report|

The Scherzer Deal Report: July 24-28, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

Bansk Group
New York, NY
$800M
Debut fund

Certares Management
New York, NY
$284M
First real estate hospitality fund

Comvest Partners
West Palm Beach, FL
$2B
Sixth flagship credit fund

Goodwater Capital
Burlingame, CA
$1B
Fifth early-stage fund and third opportunity fund

Polychain Capital
San Francisco, CA
$200M
Fourth fund

Supply Change Capital
Los Angeles, CA
$40M
Debut fund

Titletown
Tech Green Bay, WI
$70M
Second fund

Valhalla Ventures
Los Angeles, CA
$66M
Debut fund

Private Equity Deals

PSG
AppHub
$95M
New York, NY and San Francisco, CA-based e-commerce software company

Warburg Pincus, Centerview
Banc of California
$400M
Two California regional banks, Banc of California and PacWest, are merging under the former’s brand.

Haveli Investments, General Atlantic
Certinia
Undisclosed
San Jose, CA-based services business software provider

Oaktree Capital Management
Magnolia Wash Holdings
Undisclosed
Charlotte, NC-based chain of car wash locations

Everstone Capital, Recognize
MediaMint
Undisclosed
San Francisco, CA-based digital advertising operations provider

Apollo Global Management
PetSmart
Undisclosed
Phoenix, AZ-based chain of pet stores

TT Capital Partners
Pyx Health
Undisclosed
Tuscon, AZ-based provider of social interactions

H.I.G. Capital
RBmedia
Undisclosed
Landover, MD-based audiobook publisher

Bain Capital, Valeas Capital Partners
Ren
Undisclose
Indianapolis, IN-based provider of software for managing donor-advised funds

Rithm Capital
Sculptor Capital Management
Undisclosed
New York, NY-based asset manager

TopBuild
Specialty Products and Insulation
Undisclosed
Charlotte, NC-based mechanical, building, and spray foam insulation products supplier.

Alpine Investors
Vertex Service Partners
Undisclosed
Charlotte, NC-based residential improvement business

Venture Capital Deals

Perceptive Xontogeny Ventures, Madrona, Breakout Ventures
A-Alpha Bio
$22.4M
Seattle, WA-based synthetic biology and machine learning company

Breakthrough Energy Ventures, Climate Investment, Beazer Homes, Aramco Ventures, Building Ventures, 2150, Energy Impact Partners
Aeroseal
$67M
Miamisburg, OH-based sealant manufacturer

Mountain Group Partners, Canvas Ventures, Headline, Burst Capital, Bob Antin
Airvet
$18.2M
Los Angeles, CA-based telehealth veterinary startup

Sequoia Capital
Collaborative Robotics
$30M
Santa Clara, CA-based robot maker

L Catterton, Bessemer Venture Partners, Imaginary Ventures
GlossGenius
$28M
New York, NY-based beauty business management software company

Kineticos Ventures
Kincell Bio
$36M
Gainesville, FL-based cell therapy development and manufacturing company

Generation Investment Management
OneTrust
$150M
Atlanta, GA-based ESG data company

CPMG, Vivo Capital, First Round Capital, Manta Ray Ventures, Alumni Ventures, Asahi Kasei
Ossium Health
$52M
San Francisco, CA-based bioengineering company

Evolution Equity Partners, Salesforce Ventures, Acrew Capital, boldstart ventures, Knollwood Capital, Pelion Ventures
Protect AI
$35M
Seattle, WA-based AI security startup

Vista Credit Partners
RapidAI
$75M
San Mateo, CA-based vascular and neurovascular conditions diagnostics company

|Scherzer Deal Report|

The Scherzer Deal Report: July 17-21, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

Adverb Ventures
$75M
Debut fund

Angelo Gordon
$1B+
AG Asset-Based Credit Fund

Bain Capital Insurance
$1.15B
Debut fund

Bracket Capital
Los Angeles, CA
$450M
Third set of flagship fund ($150M) and co-invest fund ($300M)

CoinFund
$158M
Newest crypto-focused venture fund

Davidson Kempner Capital Management
$3B
Sixth opportunities fund

Pure Ventures
San Francisco, CA
$20M
Second fund

Westlake Village BioPartners
Los Angeles, CA
$450M
Third fund

Private Equity Deals

KKR
Chase Corporation
$1.3B
Westwood, MA-based manufacturer of protective material

Tonka Bay Equity Partners
Corporate Technologies
Undisclosed
Minneapolis, MN-based IT managed services provider

IMB Partners
eTelligent Group
Undisclosed
Leesburg, VA-based government IT company

Incline Equity Partners
GME Supply Co.
Undisclosed
Columbia, MO-based distributor of fall protection, safety, and productivity equipment

Entrepreneurial Equity Partners
MBC Companies
Undisclosed
McDonald, TN-based frozen breakfast foods provider

TPG
Nextech
$1.4B
Tampa Bay, FL-based physician practice software provider

Kohlberg & Co.
Riveron
Undisclosed
Dallas, TX-based business advisory

Platinum Equity
The HC Companies
Undisclosed
Twinsburg, OH-based North American manufacturer of horticultural containers

Venture Capital Deals

8VC, GC1 Ventures
Anduin
$15.6M
San Francisco, CA-based maker of tools for private market transaction

Argonautic Ventures, Metaplanet, other investors
Cognaize
$18M
New York, NY-based fintech data processing startup

Sapphire Ventures, YC, Wayfinder Ventures, Burst Capital, Cabra VC, Davidovs VC
Collectly
$29M
Santa Monica, CA-based patient financial engagement software company

Solana, Polygon
Cosmic Wire
$30M
Miami, FL-based blockchain startup

10T Holdings, Ripple
Futureverse
$54M
Los Angeles, CA-based AI and metaverse technology and content startup

Lightspeed Venture Partners, Krafton
Gardens
$31.3M

Los Angeles, CA-based gaming studio

 

Michael Cline, Juxtapose
Herself Health
$16M
New York, NY-based women’s health care company

Bain Capital Ventures, ICONIQ Capital, Amplify Partners
Hightouch
$38M
San Francisco, CA-based data infrastructure startup

SignalFire, Union Square Ventures, CRV, GGV, Commerce Ventures, Dreamers VC
Karat
$40M
Los Angeles, CA-based maker of fintech tools for content creators

General Atlantic’s BeyondNetZero, KKR, Generation Investment Management
o9 Solutions
$116M
Dallas, TX-based supply chain planning and demand forecasting company

Horizon Capital, Reach Capital, Hoxton Ventures
Preply
$70M

Brookline, MA-based online language learning marketplace

 

Mainsail Partners
ProShop
$32M
Bellingham, WA-based machine shop software provider

Blockchain Capital, Bain Capital, Galaxy Digital, Fenbushi Capital, Delphi Digital
Risc Zero

$40M
Seattle, WA-based blockchain technology startup

 

Initialized Capital, Elad Gil, Jason Tan
Runway
$27.5M
San Francisco, CA-based startup financial planning tools maker

Wellington Management, Greenoaks Capital Partners, D1 Capital Partners, Imaginary Ventures
Skims
$270M
Los Angeles, CA-based shapewear company founded by Kim Kardashian

Bioluminescence Ventures, with KdT Ventures, Piedmont Capital, 8VC, Alumni Ventures, Camford Capital, Cancer Research Institute, Intuitive Ventures, Khosla Ventures, Pitango HealthTech
Surge Therapeutics
$32M

Boston, MA-based biotech company

 

8VC, Prologis Ventures, RyderVentures, NFI Ventures, Lineage Logistics, Vehicle Velocity Group, the Friedkin Group International, 9Yards, Northstar.vc, Amplifier, MS&AD Ventures
Terminal Industries
$17M
Austin, TX-based logistics management software startup

Madrona, Bain Capital Ventures, M12 Ventures, Mango Capital, MongoDB Ventures, Shield Capital, Harrison Chase, Bob van Luijt, Josh Lefkowitz
Unstructured
$25M
Sacramento, CA-based large language data management startup

Insight Partners, Zinal Growth, Peter Thiel, Justin Mateen, Justin Kan, The Chainsmokers, Vivek Ranadive, David Blitzer, Josh Richards, Griffin Johnson, James Harden, Cory Levy, Josh Browder
Whop.com
$17M
New York, NY-based marketplace for digital products

Battery Ventures, Grove Ventures, StageOne Ventures, Secret Chord Ventures, Cerca Partners, Operator Partners, angel investors
Wing Cloud
$20M
New York, NY-based open-source software company

|Scherzer Deal Report|

The Scherzer Deal Report: July 10-14, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

Albion River
$400M
New Albion Platform Holdings to support Defense and fund US and allied military customers

Alpine Investors
$4.5B
Ninth fund

Antares Capital
$6B
The second senior loan fund

Audax Private Equity
$7.8B
Seventh flagship PE fund ($5.25B) and its first lower midmarket fund ($774M)

Cordillera
$443M
Third fund

Distributed Ventures
$100M
Debut fund

Long Ridge Equity Partners
$730M
Fourth fund

May River Capital
$500M
Third fund

Modi Ventures
$32M
Debut fund

Morgenthaler Private Equity
$633M
Fourth fund

North Branch Capital
$213M
Second fund

Prime Coalition and Azolla Ventures
$239M
Climate tech VC fund

RCP Advisors
$797M
Fourth, PE secondary opportunities fund

Sheridan Capital Partners
$575M
Third fund

Shore Capital Partners
$640M+
First industrial-focused PE fund ($208M) and its fifth health care fund ($436M)

SineWave Ventures
$160M
Third fund

Suffolk Technologies
$110M
Debut fund

The Raine Group
$760M
Fourth growth equity fund

The Riverside Company
$350M
New lower mid-market fund

Welsh, Carson, Anderson & Stowe
$5B+
14th flagship fund

WindRose Health Investors
$1.4B
Sixth fund

Wing VC
$600M
Fourth fund

Private Equity Deals

Great Mountain Partners
Amplify Pictures
Undisclosed
Los Angeles, CA-based independent TV studio

Cinven
Archer
Undisclosed
Overland Park, KS-based provider of risk management software

Stone-Goff Partners
BigScoots
Undisclosed
Chicago, IL-based provider of managed web hosting solutions

Genspring
Bradford Soap International
Undisclosed
West Warwick, RI-based maker of beauty and personal care products

Ancor Capital Partners, Merit Capital Partners
Displayit
Undisclosed
Irvine, CA-based provider of trade show displays

TPG
Forcepoint
$2.45B
Austin, TX-based government cybersecurity unit

RedBird Capital Partners
Go Rentals
Undisclosed
Atlanta, GA-based luxury car rental provider

HCI Equity Partners
Grasshopper Lawns
Undisclosed
Larksville, PA-based provider of residential lawn care services

Riverwood Capital, Endeavor Catalyst
InvGate
$35M
Claymont, DE-based IT management firm

Olympus Partners
MEI Rigging & Crating
Undisclosed
Houston, TX-based national provider of rigging and machinery moving, millwrighting, industrial storage, and equipment crating

Arlington Capital Partners
Pegasus Steel
Undisclosed
Goose Creek, SC-based provider of fabricated steel structures used for the construction of submarines and aircraft carriers

Symphony Technology Group
Wrike
Undisclosed
San Diego, CA-based collaborative work management platform

Sverica Capital Management
Zyston
Undisclosed
Dallas, TX-based provider of security posture and program management maturity solution

Venture Capital Deals

Great Mountain Partners
Amplify Pictures
Undisclosed
Los Angeles, CA-based independent TV studio

Cinven
Archer
Undisclosed
Overland Park, KS-based provider of risk management software

Stone-Goff Partners
BigScoots
Undisclosed
Chicago, IL-based provider of managed web hosting solutions

Genspring
Bradford Soap International
Undisclosed
West Warwick, RI-based maker of beauty and personal care products

Ancor Capital Partners, Merit Capital Partners
Displayit
Undisclosed
Irvine, CA-based provider of trade show displays

TPG
Forcepoint
$2.45B
Austin, TX-based government cybersecurity unit

RedBird Capital Partners
Go Rentals
Undisclosed
Atlanta, GA-based luxury car rental provider

HCI Equity Partners
Grasshopper Lawns
Undisclosed
Larksville, PA-based provider of residential lawn care services

Riverwood Capital, Endeavor Catalyst
InvGate
$35M
Claymont, DE-based IT management firm

Olympus Partners
MEI Rigging & Crating
Undisclosed
Houston, TX-based national provider of rigging and machinery moving, millwrighting, industrial storage, and equipment crating

Arlington Capital Partners
Pegasus Steel
Undisclosed
Goose Creek, SC-based provider of fabricated steel structures used for the construction of submarines and aircraft carriers

Symphony Technology Group
Wrike
Undisclosed
San Diego, CA-based collaborative work management platform

Sverica Capital Management
Zyston
Undisclosed
Dallas, TX-based provider of security posture and program management maturity solution

|Scherzer Deal Report|

The Scherzer Deal Report: July 3-7, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

Altas Partners
Toronto, Canada
$4B
Third flagship buyout fund

Insight Partners
New York, NY
$118M
Second VC fund-of-funds

KLH Capital Partners
Tampa, FL
$400M
Fifth fund

Thayer Street
New York, NY
$275M
Third lower mid-market PE fund

Private Equity Deals

Addison Capital Partners
Communication Power Companies
Undisclosed
Hauppauge, NY-based manufacturer of RF and microwave power amplifiers

Golden Gate Capital
DMC Power
Undisclosed
Carson, CA-based supplier of high-voltage connectors to the utility sector

ArcLight Capital Partners
Duke Energy
$364M
Charlotte, NC-based energy holding company’s commercial distributed generation business

Monroe Capital
Horizon Technology Finance Management
Undisclosed
Farmington, CT-based venture debt lender

Balcor Cos.
Kaizen Clean Energy
Undisclosed
Tomball, TX-based developer of hydrogen-based distributed energy resources

Rosemont
Landmark Management
Undisclosed
New York, NY-based multi-family office

Lindsay Goldberg
Lightwave Dental
Undisclosed

Woodbridge, VA-based dental service organization

 

Gauge Capital
Loving Tan

Undisclosed

Brisbane, CA-based sunless tanning products brand

Auxo Investment Partners
SOS Manufacturing
Undisclosed
Roberts, WI-based manufacturer and supplier of custom wire harnesses and cable assemblies

 

 

Lone Star Funds
Titan Acquisition Holdings
Undisclosed
Portland, OR-based provider of ship repair services and marine fabrication

Man Group
Varagon Capital Partners
$183M
New York, NY-based mid-market private credit firm

GTCR
Worldpay
Undisclosed

Venture Capital Deals

Undisclosed investors
Benchmark Space Systems
$33.2M
Burlington, VT-based developer of in-space propulsion solutions

Thrive Capital, Upfront Ventures, Kairos
Clair
$175M
New York, NY-based advance payment fintech for frontline and gig workers

USVP
Luminopia
$16M
Cambridge, MA-based provider of digital therapeutics for neuro-visual disorders

Zigg Capital, Matrix Partners, Koch Real Estate Investments, Clocktower Technology Ventures, Nine Four Ventures
Steadily
$28.5M
Beaverton, OR-based landlord insurance startup

|Scherzer Deal Report|

The Scherzer Deal Report: June 26-30, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

Arboretum Ventures
$268M
Sixth fund

BV Investment Partners
$1.46B
11th flagship fund

Haystack
$75M
Seventh fund

Joyful Ventures
$23M
Fund focused on alternative protein startups

KCRise Fund
$34M
Third fund

Kindred Ventures
$310M
Third flagship fund ($200M) and first opportunities fund ($110M)

Pronghorn
$200M
Black-owned spirits makers

Springbank
$35M
Fund focused on infrastructure serving women and working families

Unshackled Ventures
$35M
Third fund

Varsity Healthcare Partners
$700M
Fourth fund

Wellington Management
$2.6B
Fourth late-stage VC fund

Private Equity Deals

Congruent Investment Partners
AAA Fabrication
Undisclosed
Kemp, TX-based provider of custom metal fabricated products

H.I.G. Capital
Advanced Dental Brands
Undisclosed
Canton, MA-based dental partnership organization

General Atlantic
Authentic Brands Group
$500M
New York, NY-based brand management company

Thomson Reuters
Casetext
$650M
San Francisco, CA-based AI assistant for lawyers

Brookfield Infrastructure Partners, Ontario Teachers’ Fund
Compass Datacenters
Undisclosed
Dallas, TX-based company that provides solutions for Cloud & SaaS, Enterprise, Colocation, and Edge/ Distributed Infrastructure

Norwest
HighFive Healthcare
$100M
Homewood, AL-based specialty dental partnership organization focused on endodontics and oral surgery.

Ilion Capital Partners
Mid States Supply
Undisclosed
Kansas City, MO-based provider of valves, pipes, and fittings

ArtesRx
Parkview Health Services
Undisclosed
Amherst, NY-based provider of specialized pharmacy services

Silver Lake and CPPIB
Qualtrics
Undisclosed
Provo, UT-based maker of survey and customer experience software

Mainsail Partners
Red Oak Compliance Solutions
$51M
Austin, TX-based provider of compliance software

Trinity Hunt Partners
REQ
Undisclosed
Washington, DC-based digital marketing and advertising company

Comvest Partners
Your Behavioral Health
Undisclosed
Torrance, CA-based behavioral health services firm

Venture Capital Deals

CRV, Bessemer Venture Partners, F2 Venture Capital
Astrix Security
$25M
New York, NY-based startup for securing app-to-app connections

CPMG, Evidity Health Capital, H.I.G. Capital, Revival Healthcare Capital, Almeda Ventures
Augmedics
$82.5M
Arlington Heights, IL-based AR navigation platform for spinal surgeries

General Atlantic, Flare Capital Partners
Author Health
$115M
Boston, MA-based provider of services for Medicare Advantage members with serious mental illness and substance use disorders

LB Investment, Ignite Innovation Fund, Krossroad Partners, SoftBank Ventures Asia
B Garage
$20M
San Jose, CA-based developer of autonomous warehouse drones

Paladin Capital Group, Lockheed Martin Ventures, Hakluy Capital, Expeditions Fund, Auren Hoffman, Anne, and Susan Wojcicki
CalypsoAI
$23M
San Mateo, CA-based AI testing and security startup

B. Riley Venture Capital, Kingfisher Investment Advisors, Snowflake Ventures, Prosperity7 Ventures, Legacy Knight
Cart.com
$60M
Austin, TX-based provider of e-commerce enablement solutions

IAG Capital Partners, Koch Disruptive Technologies, Temasek
Celestial AI
$100M
Santa Clara, CA-based photonic fabric startup

Ten Eleven Ventures, Advent International, Zscaler, Emerald Development Managers, Prelude, Great Road Holdings
Cyware
$30M
Jersey City, NJ-based threat intelligence platform

Dohmen Company Foundation
Everytable
$25M
Los Angeles, CA-based subscription meal service startup

Caffeinated Capital, Emergence Capital, Pear VC
Federato
$25M
Palo Alto, CA-based underwriting platform for the insurance industry

EQT Ventures, Andreessen Horowitz, Dell Capital, Intel Capital
Fly.io
$70M
Chicago, IL-based app delivery network

Novalis LifeSciences, Nvidia, Invenshure, 8VC, Beringea, HP Enterprise, Intuitive Ventures, iSelect, Gundersen Health System, Seraph, Great North Ventures
Flywheel
$54M
Minneapolis, MN-based medical imaging data platform

Nvidia, Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt
Inflection AI
$1.3B
Palo Alto, CA-based developer of a personal chatbot called Pi

One Peak, Senovo, Presto Ventures
IP Fabric
$25M
New York, NY-based automated network assurance startup

QED Investors, Tresalia Capital, Amador Holdings, NFX, Tiger Global, ALLVP
Nuvocargo
$36.5M
New York, NY-based provider of U.S.-Mexico cross-border freight services

OpenView, Flexport, Webflow, Matrix Partners, Thrive Capital
Parabola
$24M
San Franciso, CA-based workflow automation startup

LL Funds, RET Ventures
Picket
$20M
Nashville, TN-based residential real estate investing startup

Scopia Capital, Jefferson River Capital
PM Pediatric Care
$50M
New Hyde Park, NY-based hybrid pediatric care provider

GV, Lightspeed Venture Partners, Haystack
Redpanda
$100M
San Francisco, CA-based data streaming startup

DST Global Partners, Radical Ventures, Snowflake Ventures
Reka
$58M
Sunnyvale, CA-based developer of custom enterprise AI models

Homebrew, Stage 2 Capital, Wing VC, Underscore VC, Active Capital, Collide Capital, Tom Colichio, Scott Belsky
Slang.ai
$20M
New York, NY-based phone answering product

Salesforce Ventures, Lightspeed Venture Partners, Madrona, GV, Menlo Ventures, M12
Typeface
$100M
San Francisco, CA-based provider of generative AI for the enterprise

Tiger Global, South Park Commons
Unit21
$45M
San Francisco, CA-based fraud detection startup

New Spring Capital
Venn Software
$29M
New York, NY-based provider of employee cybersecurity and compliance SaaS

Ampersand Capital Partners, Charles River Labs, Dynamk Capital, the Vermont Center for Emerging Technologies
Vernal Biosciences

$20M
Colchester, VT-based mRNA, and LNP contract development and manufacturer

Volition Capital
Zenarate
$15M
Palo Alto, CA-based provider of simulation training software for improving sales agent performance

|Scherzer Deal Report|
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