Scherzer Deal Report

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

The Scherzer Deal Report: June 12-16, 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

Canva
$50M
Corporate Venture fund

Discover
$36M
VC fund

Hidden River Strategic Capital
$245M
Debut fund

Peakview Capital
$145M
Fourth fund

TA Associates
$16.5B
Fiftheenth fund

Private Equity Deals

Erie Street Growth Partners
50,000feet
Undisclosed
Chicago, IL-based brand consultancy and creative agency

Fiera Infrastructure, Palisade Infrastructure Group
Amp US Primary Holdings
Undisclosed
Denver, CO-based solar and storage developer

Apixio, New Mountain Capital, Eir Partners
ClaimLogiq
Undisclosed
Mount Pleasant, SC-based company focused on reducing claim errors before payment.

Macquarie Group
Coastal Waste & Recycling
Undisclosed
Boca Raton, FL-based solid waste disposal and recycling company

Blackstone
CVent
$4.6B
Tysons, VA-based events and hospitality tech provider

Gauge Capital
Engine & Transmission Exchange
Undisclosed
Milwaukee, WI-based remanufacturer of aftermarket vehicle transmissions and other parts

Ares Management
Extreme Reach
Undisclosed
Dedham, MA-based creative logistics firm

Renovus Capital
F2 Strategy
Undisclosed
San Francisco, CA-based wealth management tech services firm

Penske Media Eldridge
Golden Globes Awards
Undisclosed
Hollywood, CA-based awards program for both American and international film and television

Capital Constellation
Greenbelt Capital Partners
Undisclosed
Austin, TX-based private equity firm

RC Capital
James River Cardiology
Undisclosed
Colonial Heights, VA-based cardiovascular care provider

WebMD
Limeade
$75M
Bellevue, WA-based employee experience company

DW Healthcare Partners
LKC Technologies
Undisclosed
Gaithersburg, MD-based maker of electrophysiology testing devices

ArcLight Capital Partners
Natural Gas Pipeline Co. of America
Undisclosed
Austin, TX-based natural gas pipeline company

Blackstone
New Tradition Media
Undisclosed
New York, NY-based owner and operator of digital and static signage

Guardian Capital Partners
Nwestco
Undisclosed
Kalispell, MT-based provider of fuel and car wash equipment and services

VSS Capital Partners
Olympus Cosmetic Group
Undisclosed
Jacksonville, FL-based cosmetic surgery and dermatology provider

Grovecourt Capital Partners
Premier Radiology Services
Undisclosed
Miami, FL-based provider of teleradiology services

Kohlberg & Co.
Riveron
Undisclosed
Dallas, TX-based business advisory focused on private equity and CFO offices.

Shore Capital
Roaming Hunger
Undisclosed
Los Angeles, CA-based provider of software for food trucks and catering companies

GTCR
Stelao
Undisclosed
Nashville, TN-based acquisition platform focused on enterprise software

Ardian
Tom Barrow Co
Undisclosed
Atlanta, GA-based provider of commercial HVAC solutions

Venture Capital Deals

Ten Eleven Ventures, Dorilton Capital, Generation Ventures StartFast Ventures, Trousdale Ventures
Blackbird.ai
$20M
Rochester, NY-based misinformation analysis platform

Innovius Capital, Threshold Ventures
CloudZero
$32M
Boston, MA-based cloud cost management startup

Goldman Sachs
Madhive
$300M
New York, NY-based provider of TV advertising software

Thrive Capital, Initialized Capital, Mayo Clinic
Medivis
$30M
New York, NY-based developer of AR surgical tools

Top Tier Capital Partners, Madrona Venture Group, Revolution Ventures, Sierra Ventures
Paro
$25M
Chicago, IL-based marketplace for freelance finance and accounting professionals

Koch Disruptive Technologies, Zimmer Partners, USVP, Delek US Holdings, Atento Capital, Spider Capital, Arkin Holding
Percepto
$67M
Austin, TX-based autonomous inspection and monitoring solution provider

Addition, USIT
Primer Technologies
$69M
San Francisco, CA-based AI startup focused on data analysis

TransUnion
Truework
$24M

Race Capital
Vectara
$28.5M
Cupertino, CA-based enterprise search startup

The Scherzer Deal Report: June 5-9, 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

$10B
Second senior direct-lending fund and parallel funds
 
San Francisco, CA
$180M
Debut fund

Private Equity Deals

Avem Partners
Undisclosed
Santa Ana, CA-based maker of aerostructures
 
Insight Partners
Undisclosed
Albany, NY-based provider of toll management and automation software for fleets
 
KKR
$1.6B
Burlington, MA-based maker of industrial flow control products
 
Manulife
$500M
New York, NY-based solar energy and storage developer
 
HCAP Partners
Undisclosed
San Luis Obispo, CA-based residential water-tech company
 
Monomoy Capital Partners Japs-OlsonUndisclosedSt. Louis Park, MN-based direct mail marketing firmBain Capital
Undisclosed
Mesa, AZ-based provider of aviation aftermarket materials and services
 
PSG
Undisclosed
Dallas, TX-based provider of health system and academic medical center analytics
 
Altas Partners
Undisclosed
Denver, CO-based wealth management firm
 
Apple
Undisclosed
Los Angeles, CA-based maker of augmented reality headsets
 
Blackford Capital
Undisclosed
Puerto Rico-based provider of industrial process automation solutions for pharma and life sciences manufacturers
 
Warburg Pincus
Undisclosed
Philadelphia, PA-based employee benefits platform
 
MidOcean Partners
Undisclosed
Chaska, MN-based maker of plant nutrition, animal nutrition, and food ingredient products
 
AE Industrial Partners
Undisclosed
Wichita, KS-based provider of MRO and FBO services to aviation and government customers

Venture Capital Deals

Bain Capital Life Sciences, TCGX, Wellington Management, Sofinnova Investments
$150M
Cambridge, MA-based biotech focused on treating a genetic cause of blindness.
 
Noro-Moseley Partners, Flare Capital Partners, Intermountain Ventures, University Hospitals Ventures, Hartford HealthCare, LocumTenens.com, Epsilon Health Investors, InHealth Ventures, AV8 Ventures, JumpStart Ventures, M25 Ventures
$20M
Cleveland, OH-based provider of clinical workforce tools
 
Arch Venture Partners, Deerfield Management, Google Ventures, Koch Disruptive Technologies, Alexandria Venture Investments
$145M
Palo Alto, CA-based developer of immunotherapies for cardiovascular disease
 
Bain Capital Tech Opportunities, Accel, Adelphi Capital Partners, Telecom Ventures, Pelican Ventures, WP Global Partners
$190M
Ellicott City, MD-based provider of cybersecurity solutions for SMBs
 
Ten Eleven Ventures, RPS Ventures, Mercury Fund, HPA
$15M
Ann Arbor, MI-based developer of detection and response tech
 
Memorial Hermann Health System, UnityPoint Health
$25M
San Francisco, CA-based clinical data company
 
General Catalyst, Lowercarbon, Exor Ventures, Kinnevik, Thrive Capital, Elad Gil
$100M
San Francisco, CA-based carbon removal startup
 
Bessemer Venture Partners, Initialized Capital, Brick & Mortar Ventures, Rainfall Ventures
$42M
Ventura, CA-based logistics platform for the construction industry
 
L’Oréal
$34M
San Diego, CA-based synthetic biology startup focused on beauty product ingredients.
 
Goldman Sachs, Leadwind, K Fund, Vivo Ventures, Kinea, G2D
$60M
Weston, FL-based integration platform-as-a-service startup
 
Point72 Private Investments, Koch Real Estate Investments, Golden Seeds, Navitas Capital, JLL Spark, DivcoWest
$35M
New York, NY-based conversational AI platform for real estate
 
Bessemer Venture Partners, Bain Capital Ventures, Clio, Scott Belsky, DCM, SignalFire, NFX, Gokul Rajaram
$50.5M
San Francisco, CA-based provider of AI support for personal injury lawyers,
 
NEA, Bain Capital Ventures
$45M
Mountain View, CA-based AI efficiency platform
 
Tribe Capital, Andreessen Horowitz, Spark Capital, NEA
$45M
San Francisco, CA-based social platform for business data
 
Westlake Village BioPartners, Versant Ventures, Osage University Partners, UF Innovate Ventures
$51M
San Diego, CA-based gene therapy startup
 
Eric Schmidt
$17M
Santa Monica, CA-based cross-border payments startup
 
S2G Ventures
$15M
New York, NY-based provider of physical recovery products and digital solutions
 
OMERS Ventures, Founders Fund, General Catalyst, Friends and Family Capital
$26M
Tampa, FL-based corporate financial decision-making platform
 
Ecovative Design
$15M
Green Island, NY-based developer of plant-based meats
 
Andreessen Horowitz, First Round Capital, SV Angel Operator Partners, Allen & Co., BoxGroup
$33M
New York, NY-based virtual maternal and infant health medical practice
 
PAGRK
$200M
Pearl River, NY-based generic pharma developer focused on complex injectables.
 
Moore Strategic Ventures, Booz Allen Hamilton
$83M
Rosslyn, a VA-based cybersecurity company focused on military platforms and transportation systems.
 
Energize Ventures, E14 Fund
$20M
New York, NY-based supply chain monitoring startup
 
Crestline Investors, Silversmith Capital Partners
$58.35M
Nashville, TN-based value-based specialty care provider
 
Enavate Sciences, Venrock, Bain Capital Life Sciences, Wellington Management, OrbiMed, Access Biotechnology, Decheng Capital, Altshuler Shaham Provident Funds, TCG X, HBM Healthcare Investments, Omega Funds, Samsara BioCapital
$200M
Waltham, MA-based developer of therapies to treat inflammation
 
Norwest Venture Partners, Pitango VC
$26M
Aliso Viejo, CA-based maker of medical devices for treating lumbar spinal stenosis
 
Mastry Ventures, AlleyCorp, AV8 Ventures, New York Ventures, HLM Venture Partners, Route 66 Ventures, VamosVentures, Social Innovation Fund
$20.2M
New York, NY-based provider of admin software for community health centers

The Scherzer Deal Report: May 29-June 2, 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

$1.1B
Debut fund
 
$700M
Fourth energy transition fund
 
$432M
Fourth flagship seed fund
 
$34M
Second fund

Private Equity Deals

Main Capital Partners
Undisclosed
Fort Collins, CO-based provider of enterprise automation solutions
 
Blackstone
Undisclosed
Rushland, IN-based HVAC and refrigeration business
 
Symphony Technology Group
$1.5B
Columbus, OH-based parent company of SurveyMonkey
 
Madison Dearborn
Undisclosed
Dallas, TX-based money transfer company
 
Vector Capital
Undisclosed
San Francisco, CA-based IT company
 
Kian Capital Partners
Undisclosed
Nashville, TN-based wholesale distributor of HVAC equipment

Venture Capital Deals

The Column Group, RA Capital Management, Deep Track Capital, Willett Advisors, Horizons Ventures
$160M
Berkeley, CA-based developer of metabolic disease drugs
 
OMERS Growth Equity, Revelation Partners, Tiger Global Management, Wildcat Venture Partners, Cross Creek, SpringRock Ventures
$45M
San Francisco, CA-based bundled employer payment platform for specialty healthcare
 
Indigo Partners, Frontier Airlines, Wizz Air, Volari, Temasek’s GenZero, Cleanhill Partners
$50M
Salt Lake City, UT-based developer of sustainable aviation fuels developed from agricultural residues and other waste biomass
 
Magnetar Capital
$200M
Roseland, NJ-based cloud computing platform
 
IVP, Craft Ventures, YC, Sequoia Capital, Tiger Global
$35M
San Francisco, CA-based internal developer portal
 
Intel Capital, Shasta Ventures, Slow Ventures, UP2398, The Syndicate
$15M
Pleasanton, CA-based provider of live video monitoring solutions
 
Macquarie Capital, Liberty Mutual Strategic Ventures, Black Opal Ventures, K20, Hanaco Ventures, Spero Ventures, Mindset Ventures
$20M
New York, NY-based developer of conversational AI tools for healthcare
 
Fidelity, SIP, Viking Global Investors, GV
$154M
Boston, MA-based developer of photonics for large-scale computing
 
PayPal Ventures, Cherubic, Synchrony, KX, Northzone, Volt Capital
$52M
San Francisco, CA-based web3 onboarding startup
 
Energy Impact Partners, Moderne Ventures, WVV, Suffolk Construction, Broadscale, Camber Creek, Salesforce Ventures, Building Ventures, Constellation Technology Ventures, Concrete Ventures, RET Ventures, Colliers, Lincoln Property Co.
$93M
San Diego, CA-based provider of real estate portfolio management software
 
Cleveland Clinic, the Mayo Clinic, GE HealthCare, JobsOhio Capital Growth Fund, Inside View Investments, KKVS Syndicate
$15M
Cleveland, OH-based AR surgery startup
 
Marshall Wace, Safeguard Scientifics, Cigna Ventures, Hikma Ventures, Hunt Holdings, Labcorp, Maywic, Merck Global Health Innovation Fund, Red & Blue Ventures
$23M
New York, NY-based health data marketplace
 
NEA, CVS Health Ventures, CapitalG, Echo Ventures, Town Hall Ventures, Ascension Ventures, Redpoint Ventures
$166M
Denver, CO-based provider of value-based kidney care
 
Apax Partners, Reach Capital
$38M
San Francisco, CA-based marketplace that connects schools and substitute teachers.
 
CE Innovation Capital, SBI VC, Sygnum, Azimut, Third Kind Venture Capital, UOB Venture Management, Signum Capital, Animoca Brands, Genting Ventures, Istari Ventures, No Limit Holdings, Woodstock Fund, IOSG Ventures, KX, Axelar, Tokentus, The Lao
$20M
New York, NY-based web3 payments startup
 
Activant Capital, Mayfield, Audacious Ventures
$20M
San Francisco, CA-based B2B sales closing and financing startup
 
Race Capital
$28.5M
Santa Clara, CA-based conversational search startup

The Scherzer Deal Report: May 22-26, 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

$40M
Debut fund
 
$11.5B
14th flagship buyout fund
 
$235M
Pair of new funds
 
$925M
Eighth flagship fund ($650M) and second growth equity fund ($275M)

Private Equity Deals

PSG
Undisclosed
Santa Barbara, CA-based provider of IT service management and enterprise service management software
 
Amulet Capital Partners
Undisclosed
Las Vegas, NV-based clinical site platform
 
TA Associates
Undisclosed
Tallahassee, FL-based provider of revenue cycle management solutions to healthcare providers
 
Fortress Management, Mubadala
Undisclosed
New York, NY-based investment manager
 
Abu Dhabi Investment Authority, Aquiline Capital Partners
Undisclosed
Auburn, AL-based provider of integrated business management software and payments to customers

Venture Capital Deals

Spark Capital, Google, Salesforce Ventures, Sound Ventures, Zoom Ventures
$450M
San Francisco, CA-based AI research firm
 
Vensana Capital
$20M
Marietta, GA-based developer of medical devices for ankle and joint surgeries
 
Capital TEN, VentureTech Alliance, Boardman Bay Capital Management, IAG Capital Partners, Nvidia, Tyche Partners
$25M
Santa Clara, CA-based silicon photonics developer
 
GV, Mantis VC, Common Metal, BDuck Capital, Black Angels Group, Wischoff Ventures, Fuel Capital, Blackbird Ventures, F7 Ventures, Night Capital, Scribble Ventures
$15M
Los Angeles, CA-based automated savings platform for online shopping
 
NewView Capital, Acadia Woods, BAI Capital, NIO Capital, Liberty Street
$32M
Billerica, MA-based software-defined car chassis company
 
Energy Innovation Capital, LG Technology Ventures, Evergy Ventures, Riverstone, Skyview Ventures, Clean Energy Ventures, Avista Development
$27M
Falls Church, VA-based home decarbonization startup
 
Noro-Moseley Partners, Grotech Ventures, Topmark Partners, Staley Capital
$16M
Tysons, a VA-based provider of data analytics for physical retailers
 
Georgian Partners, 8vc, Human Capital, Hanover, Sequoia Capital, Index Ventures, Amplify Partners, Slow Ventures
$33M
San Francisco, CA-based data orchestration platform
 
Matrix Capital Management, Woodline, Lee Family Office (Asia), Novo Nordisk, The Invus Group, Emerson Collective, SoftBank, Fidelity, MPM Capital, F2 Ventures, Redmile Group, EcoR1 Capital, Samsara BioCapital, Surveyor Capital, EDBI, Vertex Ventures, Itochu
$401M
Waltham, MA-based developer of cell and gene therapies
 
Avenir, Anthos Capital
$46M
Austin, TX-based provider of payment processing and digital ledger infrastructure
 
Parkway VC, Aliya Capital, Bold Ventures, Tamarack Global, FJ Labs, Till Reuter
$70M
Sunnyvale, CA-based developer of humanoid robots
 
NEA, AI Fund
$15M
San Francisco, CA-based computer science learning and teaching platform
 
Emergence Capital, ServiceNow Ventures, Salesforce Ventures
$16M
Highland Park, IL-based commerce logic engine
 
Insight Partners, ConnectOne Bank, PeoplesBank, The Banc Funds Company, Mendon Venture Partners
$70M
Jacksonville, FL-based provider of digital transformation solutions for banks
 
USV, Equal Ventures, Twelve Below, Transition, Equator, MCJ Collective, Abstract Ventures, Founder Collective, Climate Capital
$15M
Boulder, CO-based software platform for distributed energy in emerging markets
 
Surveyor Capital, Deep Track Capital, Acorn Bioventures, Cormorant Asset Management, Perceptive Advisors, Samsara BioCapital, BlackRock
$54M
Boulder, CO-based precision oncology startup
 
Bank of America, Pivot Investment Partners, ING Ventures, CME Ventures, CTC Venture Capital, SC Ventures, Tribeca Early Stage Partners
$35M
New York, NY-based enterprise OS
 
Blockchain Capital, Bain Capital Crypto, a16z crypto, Distributed Global
$115M
San Francisco, CA-based lead developer of Worldcoin

The Scherzer Deal Report: May 15-20, 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

$320M
Fourth fund
 
$225M
Debut fund
 
$1.3B
Second continutation fund
 
$200M
Fifth fund
 
$52M
Debut fund
 
$500M+
First climate-focused private equity fund
 
$705M
Third fund
 
$20M
Third company creation studio
 
Plymouth Growth
$125M
Fifth fund

Private Equity Deals

TPG
$2.7B
New York, NY-based credit and real estate investment firm
 
Centerbridge Partners
Undisclosed
Frisco, TX-based visibility and governance software provider
 
Bregal Sagemount
Undisclosed
Irvine, CA-based provider of digital asset management software
 
Bruin Capital
Undisclosed
Atlanta, GA-based catering, food service, and events company
 
Silver Lake
Undisclosed
Honolulu, HI-based provider of bundled HR services
 
Amwins, Flexpoint Ford, Ares Management
$250M
Jersey City, NJ-based underwriter of catastrophe-exposed property insurance
 
Castlelake, Eltura Capital Management
Undisclosed
San Mateo, CA-based consumer installment loans

Venture Capital Deals

General Catalyst, Bling Capital, Max Ventures, Homebrew
$17.3M
New York, NY-based healthcare revenue intelligence and automation platform
 
Piva Capital, Unless, Flybridge Capital, MassMutual Catalyst Fund, Footprint Coalition, Congruent Ventures, Riot Ventures
$26M
Burlington, MA-based aluminum printing startup
 
Celesta Capital and Mayfield
$81M
Campbell, CA-based web3 infrastructure startup
 
Porsche, Qualcomm Ventures, VentureTech Alliance
$64M
San Jose, CA-based maker of automotive Ethernet chips
 
DFJ Growth, Foundry Group, Revolution Growth, True Ventures
$20M
Seattle, WA-based maker of 3D laser printers
 
BoltRock Holdings, Centaurus Capital
$225M
Woburn, MA-based water and wastewater treatment company
 
General Catalyst and Andreessen Horowitz
$50M
California, BD-based developer of a large language model for healthcare
 
Applied Materials
$40M
Bethlehem, PA-based developer of next-generation silicon power devices
 
TCV
$60M
San Francisco, CA-based jobs marketplace
 
2150, the Schmidt Family Foundation, the Partnership Fund for NYC
$30M
Brooklyn, NY-based heating efficiency startup focused on older urban buildings.
 
SemperVirens, HC9 Ventures
$15M
New York, NY-based healthcare transition management platform
 
Dimension, Founders Fund, Kleiner Perkins, Eric Schmidt, Elad Gil, Garry Tan, and Fred Ehrsam
$40M
San Francisco, CA-based longevity pharma startup
 
NGP and Aventurine Partners
$75M
San Marcos, TX-based maker of neodymium sustainable rare earth magnets
 
Battery Ventures, Brick and Mortar VC, Divco West
$25.5M
Chicago, IL-based embedded insurance startup
 
White Star Capital, B Capital Group, Susquehanna Private Equity Investments, BDMI, Forte Ventures, Vectr Fintech
$29.7M
New York, NY-based credit marketplace
 
True Ventures, Pangaea Ventures, Prosus Ventures, Solasta Ventures, Top Tier Capital
$30M
Berkeley, CA-based maker of plant-based meats
 
Novo Holdings, Deerfield Management, Norwest Venture Partners, Platanus, MRL Ventures Fund, 4BIO Capital
$100M
San Francisco, CA-based optogenetics company
 
KKR, L Catterton, Iconiq Growth, Bessemer Venture Partners
$135M
Irvine, CA-based provider of restaurant management software
 
Kingsway Capital, Peter Thiel
$35M
San Francisco, CA-based Bitcoin financial services company
 
Salesforce Ventures, Lightspeed Venture Partners, Norwest Venture Partners, Kickstart Fund, Album
$50M
Salt Lake City, UT-based provider of sales commission software
 
Accel and Madrona
$17.5M
Seattle, WA-based supply chain security startup
 
Lux Capital
$20M
Menlo Park, CA-based provider of open-source generative AI models
 
NEA and Nava Ventures
$19.1M
Bellevue, WA-based data workflow automation startup
 
Y Combinator, CRV, Tiger Global
$100M
San Francisco, CA-based B2B procurement fintech

The Scherzer Deal Report: May 8-13, 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

$30M
Second incubator fund
 
$25M
Debut fund
 
$955M
17th flagship VC fund ($580) and second follow-on fund ($375)
 
$1B
Continuation fund

Private Equity Deals

AlbaCore Capital
Undisclosed
Austin, TX-based provider of value-based health care
 
Advent International, Warburg Pincus
$4.25B
Deerfield, IL-based pharma contract manufacturing business
 
Varsity Healthcare Partners
Undisclosed
Evanston, IL-based biopharma consultancy
 
Serent Capital
Undisclosed
Bath, MI-based provider of ERP software for U.S. municipalities
 
Argonaut Private Equity
Undisclosed
Berlin, PA-based provider of drilling tools and rigs serving the construction, mining, utility, and energy industries
 
KKR
Undisclosed
New Castle, DE-based maker of testing and measurement instruments
 
Five Arrows
Undisclosed
Huron, OH-based provider of special education software
 
Vista Equity Partners
Undisclosed
Milpitas, CA-based provider of supply chain mapping, disruption sensing, and resiliency analytics
 
Nexa Equity
Undisclosed
Overland Park, KS-based provider of retail automation software for independent grocers
 
Yellow Wood Partners
Undisclosed
Englewood Cliffs, NJ-based beauty and personal care brand
 
Elliott Investment Management, Patient Square Capital, Veritas Capital
$7.1B
Morrisville, NC-based biopharma contract research organization
 
Court Square Capital
Undisclosed
Phoenix, AZ-based pediatric home care company
 
Braemont Capital
Undisclosed
Scottsdale, AZ-based provider of facilities maintenance services

Venture Capital Deals

Koch Disruptive Technologies
$40M
Austin, TX-based provider of supply chain management tools for online retailers
 
Transformation Capital, Oxford Finance
$80M
San Francisco, CA-based health benefits navigation startup
 
Firstime Ventures
$22M
Livonia, MI-based digital diabetes therapeutics company
 
MUFG
$40M
New York, NY-based provider of large debt facilities and equity deployment solutions
 
NextEra Energy, Miura, National Grid Partners
$32.8M
Bothell, WA-based developer of on-site hydrogen machines
 
Valar Ventures, Story Ventures, Core Innovation Capital, RiverPark Ventures, Synchrony, Samsung Next
$35M
Atlanta, GA-based consumer credit card startup
 
Hanaco VC, GM Ventures, CarMax, W.R. Berkley, F.I.T. Ventures
$100M
Teaneck, NJ-based developer of automated vehicle inspection systems
 
Hearst, Eldridge, Citi Impact Fund, Cercano Management, Stardust Equity, ReThink Impact
$25M
New York, NY-based digital concierge for caregivers   

The Scherzer Deal Report: May 1-5, 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

Hildred Capital Management
Undisclosed
Phoenix, AZ-based provider of infusion and specialty pharmacy services
 
New Mountain Capital
Undisclosed
San Mateo, CA-based provider of health care AI solutions
 
Apollo Global Management
$5.2B
Pittsburgh, PA-based aluminum parts maker
 
Mubadala
$500M
Charlotte, NC-based incumbent local exchange carrier (ILEC)
 
Clearview Capital
Undisclosed
Austin, TX-based provider of outsourced legal and compliance services
 
True Green Capital Management
Undisclosed
Washington, DC-based company that helps consumers and businesses switch to renewables
 
Audax Private Equity
Undisclosed
Boston, MA-based RIA for high-net-worth clients
 
L Catterton
Undisclosed
Austin, TX-based cosmetics brand
 
Leonard Green & Partners
Undisclosed
Chicago, IL-based insurance broker
 
BPEA EQT
$1.25B
Bradenton, FL-based student-athlete development program
 
Advent International and BCI
Undisclosed
Westminster, CO-based satellite firm
 
Amulet Capital Partners
Undisclosed
New York, NY-based health care agency and commercialization platform
 
Sterling Investment Partners
Undisclosed
Miami, FL-based distributor of produce and dairy products
 
Unity Partners
Undisclosed
Chicago, IL-based provider of tax, accounting, and advisory services
 
First Reserve
Undisclosed
Boynton Beach, FL-based provider of fuels, lubricants, and chemicals
 
Argosy Private Equity
Undisclosed
Grand Rapids, MI-based maker of composite panels, plywood, drawers, and dry-erase boards
 
Crestview Partners
Undisclosed
Hollywood, CA-based talent agency

Private Equity Deals

New Mountain Capital, FFL Partners, WestView Capital Partners
Undisclosed
Andover, MA-based specialty staffing firm
 
Argosy Private Equity
Undisclosed
Grand Rapids, MI-based original equipment supplier to mirror head manufacturers
 
Great Hill Partners
Undisclosed
Chicago, IL-based provider of IT risk and incident management software
 
Red Arts Capital
Undisclosed
Elwood, IL-based provider of warehousing and rail transloading services
 
Bertram Capital
Undisclosed
Buffalo, NY-based provider and installer of residential vinyl fencing and decking
 
Berkshire Partners
Undisclosed
Houston, TX-based provider of onsite first aid, fire, and life safety services
 
General Atlantic
Undisclosed
Concord, MA-based provider of event management software and payment solutions for the hospitality industry
 
L Catterton
Undisclosed
Colorado Springs, CO-based restaurant concept

Venture Capital Deals

Viola Ventures, Viola Credit, Roc Nation, Untitled, Presight Capital
$32M
New York, NY-based music financing startup focused on independent artists
 
Ten Cove Capital, Commerce Ventures, CT Innovations, Vertical Venture Partners, Healthy Ventures, Fairview Capital
$22.5M
New Haven, CT-based patient billing communications platform
 
FCA Venture Partners, MAP Investco, Define Ventures, Link Ventures, Redesign Health
$15M
New York, NY-based women’s health and wellness brand
 
Pioneer Healthcare Partners, Kapor Center, Partnership Fund for NYC
$15M
Brooklyn, NY-based developer of tech for colorizing disinfectants
 
Siris Capital Group
$100M
Richardson, TX-based provider of cloud-native software apps for mobile networks
 
Wave Equity Partners
$30M
Hollywood FL-based developer of a water-ethanol fuel
 
RRE Ventures, Coelius Capital, Hack VC, Riot Ventures, Uncorrelated Ventures
$15M
Oakland, CA-based AP automation startup
 
M13, Founders Fund, TQ Ventures, Abstract Ventures
$16M
New York, NY-based e-commerce infrastructure startup
 
Linse Capital, CPP Investments, Honeywell, CBRE
$264M
Denver, CO-based energy efficiency-as-a-service startup
 
Sapphire Ventures, Norwest Ventures, Tola Capital, Salesforce Ventures
$70M
Redwood City, CA-based employee experience platform
 
Education Growth Partners
$30M
Boston, MA-based provider of mental health and wellness solutions for college students

The Scherzer Deal Report: April 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

$1.5B
Private credit fund
 
$12.6B
11th flagship private equity fund
 
$981M
Seventh flagship VC fund ($549M) and fourth growth fund ($432M)
 
$180M
Fifth fund
 
$850M
Second fund

Private Equity Deals

New Mountain Capital, FFL Partners, WestView Capital Partners
Undisclosed
Andover, MA-based specialty staffing firm
 
Argosy Private Equity
Undisclosed
Grand Rapids, MI-based original equipment supplier to mirror head manufacturers
 
Great Hill Partners
Undisclosed
Chicago, IL-based provider of IT risk and incident management software
 
Red Arts Capital
Undisclosed
Elwood, IL-based provider of warehousing and rail transloading services
 
Bertram Capital
Undisclosed
Buffalo, NY-based provider and installer of residential vinyl fencing and decking
 
Berkshire Partners
Undisclosed
Houston, TX-based provider of onsite first aid, fire, and life safety services
 
General Atlantic
Undisclosed
Concord, MA-based provider of event management software and payment solutions for the hospitality industry
 
L Catterton
Undisclosed
Colorado Springs, CO-based restaurant concept

Venture Capital Deals

Lowercarbon Capital, Founders Fund, Toyota Ventures
$40M
Seattle, WA-based nuclear fusion startup
 
Polychain Capital, Hack VC, Shima Capital, Robot Ventures, Goldentree Asset Management
$42M
Cosmos, MN-based decentralized finance-focused layer one blockchain
 
Morgan Stanley’s Next Level Fund, HubSpot, Pier 70 Ventures, Verizon Ventures, GSW Ventures, Backstage Capital, Wocstar Fund, Salesforce Ventures
$25M
Los Angeles, CA-based provider of an SMS engagement platform
 
Kinnevik, Henry Kravis, FPV, True Ventures, Dimension, Wireframe
$51M
Boulder, CO-based drug discovery startup that leverages plant chemistry
 
ArixBioscience, EQT Life Sciences, SymBiosis, Amplitude Ventures, Pivotal bioVenture Partners, Andera Partners
$50M
Palo Alto, CA-based biotech focused on inflammatory diseases
 
Mark Cuban, Paris Hilton, Tim Connors, Zeke Bronfman, Evan Abraham, Redbeard Ventures, David DeVoe
$25M
San Francisco, CA-based interactive entertainment app
 
Foresite Capital, Civilization Ventures, Bluebird Ventures, Pear Ventures, Agent Capital, Stanford University, The University of Colorado Healthcare Innovation Fund
$59M
Aurora, a CO-based developer of cancer detection tests
 
Statkraft Ventures, Blue Bear Capital, Hartree Partners, OTB Ventures, Freeflow Ventures, Cultivation Capital, Techstars, Santa Barbara Venture Partners, Expon Capital, Hemisphere Ventures
$20M
Washington, DC-based developer of Earth observation satellites
 
Turning Rock Partners, Micota Capital, OY6 Capital
$108M
Charlotte, NC-based medical equipment manufacturer
 
TPG Rise Climate, Hanover Technology Investment Management, Energy Transition Ventures, Fenice Investment Group
$250M
Incline Village, NV-based green hydrogen company
 
Arch Venture Partners, Andreessen Horowitz, Newpath Partners, Abu Dhabi Growth Fund, Redmile Group, Exor, Invus, Moore Strategic Ventures, iGlobe Platinum Fund Group, Casdin Capital, Agent Capital, Alexandria Venture Investments, Rellim Capital Management, Heritage Medical Systems
$270M
Cambridge, MA-based developer of RNA medicines
 
Illumina Ventures, Omnimed Capital, AMR Action Fund, Daleshaw Ltd.
$28.7M
Austin, TX-based provider of rapid diagnosis and antibiotic susceptibility testing for bacterial infections
 
Andreessen Horowitz, Iconiq Growth, Menlo Ventures, Wing VC
$100M
San Mateo, CA-based vector database company
 
Andreessen Horowitz, Khosla Ventures, Coatue
$97.4M
San Francisco, CA-based online integrated development environment
 
Wellington Management, Qualcomm Ventures, Congruent Ventures, Capricorn Investment Group, Munich Re Ventures, Fifth Wall, A/O PropTech, Qualcomm Ventures, Amazon’s Alexa Fund
$96M
San Francisco, CA-based home electrification startup
 
Inovia Capital, Harley Finkelstein, Deb Liu, Allen Shim, Josh Proctor, Chris Best, Neha Narkhede, Mike Lee, Hyphen Capital, EDC, Plaza Ventures
$60M
San Francisco, CA-based commerce savings app
 
Dementia Discovery Fund, MRL Ventures, Sanofi Ventures, SV Health Investors, Eli Lilly, Alzheimer’s Drug Discovery Foundation, Dolby Family Ventures, the Foundation for a Better World
$39M
South San Francisco, CA-based developer of therapies to treat inflammatory neurodegenerative and retinal disease
 
Polychain Capital, Hyperchain Capital, Magnus Capital
$17M
Williamsburg, VA-based DeFi trading startup
 
BlackRock, Space Capital
$100M
Berthoud, CO-based rocket engine maker
 
Safar Partners, Yamaha Motor Ventures
$29M
Cambridge, MA-based provider of robotic awareness systems

The Scherzer Deal Report: April 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

$384M
Continuation fund
 
$230M
Third transportation-focused VC fund
 
$100M
Debut fund
 
$300M+
Latest fund
 
$460M
Third flagship fund and first opportunities fund
 
$2.2B
Second dislocation fund
 
$790M
Fourth private equity co-investment fund
 
$17B
Fifth flagship fund
 
$1B+
Debut fund
 
$445M
Fourth fund
 
$215M
Fourth fund
 
$78M
Debut fund
 
$476M
Second biomedical VC fund

Private Equity Deals

7RIDGE
Undisclosed
Chicago, IL-based electronic exchange for direct lending and borrowing
 
Apollo Global Management
$500M
Boston, MA-based education tech company
 
Blue Sage Capital
Undisclosed
Malibu, CA-based provider of capital solutions to debt settlement companies
 
TPG, Amerisource Bergin One
$2.1B
Nashville, TN-based oncology practice network
 
TruArc Partners
Undisclosed
Riverside, CA-based formulator and manufacturer of beauty and personal care products
 
Gryphon Investors
Undisclosed

Venture Capital Deals

Walden Catalyst Ventures, Applied Ventures, Cambium Capital, Mesh Cooperative Ventures and insiders Intel Capital, Lockheed Martin Ventures
$30M
Albuquerque, NM-based maker of glass-ceramics radiofrequency components
 
Amplitude Ventures, Versant Ventures, venBio Partners, adMare BioInnovations, Viking Global Investors, Qiming Venture Partners USA, RTW Investments, AbCellera, Northview Ventures
$142M
Menlo Park, CA-based developer of radiopharmaceuticals for treating cancer
 
Munich Re Ventures
$15.6M
Mountain View, CA-based provider of commercial insurance industry software
 
Magnetar Capital, Nvidia, Nat Friedman, Daniel Gross
$221M
Roseland, NJ-based cloud computing platform
 
Deerfield Management, Optum Ventures, RA Capital, Echo Health Ventures, Longitude Capital, .406 Ventures, Questa Capital, Ajax Health, Aperture Venture Partners, the Autism Impact Fund
$75M
San Diego, CA-based autism care provider
 
Acrew Capital, U.S. Innovative Technology Fund, True Ventures, Amity Ventures
$45M
San Francisco, CA-based distributed database startup
 
Deerfield Management, Arsenal Capital Partners, Blue Ox Healthcare Partners, Domain Ventures, Labcorp
$24M
San Diego, CA-based diagnostics startup
 
BDT Capital Partners, Brown Advisors, RedBird Capital Partners, Tru Arrow Partners, Sound Ventures
$290M
Columbia, MO-based equipment and digital solutions provider to the construction market
 
SYN Ventures, Corner Ventures, Dell Technologies Capital
$44M
Austin, TX-based ransomware protection startup
 
Sapphire Ventures, JMI Equity, Forgepoint Capital
$60M
Ellicott City, MD-based managed security platforms for SMBs
 
Bitkraft Ventures, Delphi Digital, The Operating Group, Alpha Wave Global, Hashkey, Lattice, M13, Santiago Santos, RooxieXBT
$18M
New York, NY-based martial arts sports league
 
NEA, Andreessen Horowitz, Bessemer Venture Partners, Caffeinated Capital, Onset Capital
$15M
Louisville, KY-based home-swapping network
 
Point72 Ventures, Citi Ventures, Khosla Ventures, Madrona Venture Group, Wilson Sonsini
$20M
Seattle, WA-based contract management and operations workflow platform
 
SoftBank, Prosperity7 Ventures, Tiger Global, Hillhouse, Sequoia China, Shangbay Capital, Uphonest Capital, Sunmed Capital, Lyfe Capital, 1955 Capital, AME Cloud Ventures
$150M
San Carlos, CA-based medical robotics developer
 
B Capital, GGV Capital, Tiger Global, Amex Ventures, KSV Global, FJ Labs
$53M
New York, NY-based provider of operations software for independent coffee shops and cafes
 
Prime Movers Lab, Future Ventures, Energy Impact Partners, Jazz Venture Partners, Playground Global
$20M
Palo Alto, CA-based robot cognition platform
 
Lightspeed Venture Partners, Felicis Ventures, Redpoint Ventures, Sequoia Capital
$53M
San Francisco, CA-based code security startup
 
Decibel
$25M
Seattle, WA-based provider of sci-fi, stealth ops game of hidden movement
 
Camber Partners
$20M
Norwalk, CT-based e-commerce sales tax compliance platform
 
L Catterton, Cobalt, Dragoneer, Kindred Ventures, THVC
$130M
San Francisco, CA-based connected weight training startup
 
Stepstone Group, Aleph, Third Point Ventures, Greycroft
$15M
New York, NY-based provider of corporate accounting software
 
Valor Equity Partners, NYDIG, Trammell Venture Partners, Ecliptic Capital, Highland Capital Partners
$60M
Austin, TX-based provider of financial services for Bitcoin holders

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