The Scherzer Deal Report: June 19-23, 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
Boost Capital Partners
$35M
Debut fund
Dropbox
$50M
AI-focused venture fund
GrowthCurve Capital
$1.4B
Debut fund
Stone-Goff Partners
$175M
Fourth fund
Private Equity Deals
Flexpoint Ford
Baker Hill
Undisclosed
Carmel Hill, IN-based provider of loan origination and risk management software
Lone Star Funds
CentroMotion
Undisclosed
Waukesha, WI-based maker of precision motion control and engineered systems for the industrial and transport markets
Arbor Investments
Golden Malted and Heartland Waffles
Undisclosed
South Bend, IN- and Westwood, KS-based providers of waffle irons and waffle mix to the hospitality and foodservice industries
Brand Velocity Group
Jaya Apparel Group
Undisclosed
Vernon, CA-based owner of the Cinq à Sept and Likely brands
Arctos Sports Partners and Harris Blitzer Sports & Entertainment
Joe Gibbs Racing
Undisclosed
Charlotte, NC-based leader in NASCAR racing
Vistria Group
MGT
Undisclosed
Tampa, FL-based social impact and performance improvement consultancy
Bernhard Capital Partners
Optimum Energy
Undisclosed
Seattle, WA-based provider of HVAC optimization solutions
Blackstone
Invenergy
$1B
Chicago, IL-based renewable energy developer
Levine Leichtman Capital Partners
SEV
Undisclosed
Burbank, CA-based med spa operator
Harvest Partners
Sparq
Undisclosed
Atlanta, GA-based provider of outsourced digital engineering solutions
Topspin Consumer Partners
Three Dog Bakery
Undisclosed
Kansas City, MO-based humanized dog treat maker
Kelso & Co.
Valenz Health
Undisclosed
Phoenix, AZ-based medical cost containment firm
Venture Capital Deals
Barings
Accelerant
$150M
Atlanta, GA-based insurance risk exchange
8VC, Sherpalo Ventures, Guillermo Rauch
Acryl Data
$21M
Mountain View, CA-based enterprise data catalog platform
Lightspeed Venture Partners, Venrock, OMERS Growth Equity, Fidelity, Avidity Partners
Aledade
$260M
Bethesda, MD-based network of primary care practices
Andreessen Horowitz, Shield Capital
Apex Space
$16M
City, CA-based satellite bus manufacturer
Frazier Life Sciences, venBio, Illumina Ventures
Attovia Therapeutics
$60M
Fremont, CA-based biotech focused on immune-mediated disease and cancer
Kleiner Perkins, Sequoia Capital, Andreessen Horowitz, SV Angel
Captions
$25M
New York, NY-based video editing app
Maveron, GV, 7wireVentures, Hopelab Ventures, Wellington Partners, Ingeborg Investments, The Venture Collective
Caraway
$16.75M
New York, NY-based provider of women’s mental, physical, and reproductive health services
Iconiq Growth, Transformation Capital, Kaiser Permanente Ventures, Define Ventures, Frist Cressey Ventures, SpringRock Ventures
DexCare
$75M
Seattle, WA-based patient demand and care access platform
Andreessen Horowitz, Nat Friedman, Daniel Gross
ElevenLabs
$19M
New York, NY-based AI voice synthesis platform
Flagship Pioneering
Empress Therapeutics
$50M
Cambridge, MA-based small molecule drug developer
Climate Investment, Blackhorn Ventures, Innovation Endeavors, DI Technology
Fero Labs
$15M
New York, NY-based provider of manufacturing process optimization software
Fall Line Capital
Guardian Agriculture
$20M
Woburn, MA-based maker of large crop-dusting drones
Headline, GGV Capital, Footwork, Founders’ Co-Op, Act One, Heron Rock
Heard Technologies
$15M
Seattle, WA-based provider of therapist accounting tools
Norwest, Krowten Capital, Jemison Investment Co.
HighFive
$100M
Birmingham, AL-based specialty dental partnership organization focused on endodontics and oral surgery.
T. Rowe Price, BOND, Standard Investments, Equinor Ventures, a16z, Breakthrough Energy Ventures, BHP Ventures, Mitsubishi Corporation, Earthshot Ventures, the July Fund
KoBold Metals
$195M
Berkeley, CA-based EV battery mineral exploration company
Goldman Sachs Growth Equity
Limble
$58M
Lehi, UT-based physical asset tracking startup
Cigna Ventures, Novo Holdings, Avidity Partners, Health Velocity Capital, Greycroft, Felicis, Company Ventures, Obvious Ventures
Octave
$52M
San Francisco, CA-based hybrid behavioral health company
Felicis, Sequoia Capital, Harpoon Ventures
Oso
$15M
New York, NY-based authorization platform for developers
Madrona Venture Group, SpringRock Ventures
Outbound AI
$16M
Seattle, WA-based healthcare billing and claims automation startup
Bessemer Venture Partners, Addition, General Catalyst, the South Park Commons Fund
Render
$50M
San Francisco, CA-based cloud for app developers and teams
The family offices of John McFadden and David Dolby
Sharrow Marine
$32M
Detroit, MI-based maker of propellers for boats and ships
Scale Venture Partners, Amplify Partners, Storm Ventures, Battery Ventures
System Initiative
$15M
San Francisco, CA-based infrastructure automation platform
Sequoia Capital, GV, BoxGroup, Neo, Dylan Field, Marc Benioff, Jeff Weiner, Sam Altman
Warp
$50M
New York, NY-based modern terminal app
FPV Ventures, Human Capital, Autotech Ventures, Mark Cuban
Yendo
$24M
Dallas, TX-based provider of credit cards collateralized by car ownership