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Scherzer Deal Report

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   

|Scherzer Deal Report|

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

|Scherzer Deal Report|

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

|Scherzer Deal Report|

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

|Scherzer Deal Report|

The Scherzer Deal Report: April 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

$680M
Inaugural innovation real estate fund
 
$30.4B
Tenth real estate private equity fund
 
$1.2B
Fifth Flagship fund ($720M) and growth stage fund ($510M)
 
$200M
Third fund
 
$1.15B
Eighth flagship fund
 
$100M
Second MM Catalyst Fund
 
$62M
Debut fund
 
$20M
Debut fund
 
$2.4B
Fifth private equity co-investment fund
 
$1.4B
Fourth flagship fund

Private Equity Deals

Cinven
Undisclosed
Overland Park, KS-based provider of integrated risk management solutions
 
Blue Point Capital Partners
Undisclosed
Minneapolis, MN-based reading glasses provider
 
KKR
Undisclosed
New York, NY-based PR, and financial communications firm
 
Bain Capital Tech Opportunities
Undisclosed
Chicago, IL-based knowledge work platform
 
Benford Capital Partners
Undisclosed
Waukesha, WI-based maker of bagel chips and other snacks
 
Sound Partners
Undisclosed
Los Angeles, CA-based HVAC Service
 
Quinbrook Infrastructure Partners
Undisclosed
Windham, NH-based food-waste-to-fuels producer
 
Investcorp
Undisclosed
Farmers Branch, TX-based HVAC equipment distributor
 
H.I.G. Infrastructure
Undisclosed
Raleigh, NC-based provider of engineering and other services for telecom infrastructure

Venture Capital Deals

Sixth Street Growth, F-Prime Capital, Jackson Square Ventures, Eniac Ventures1up
$40M
Boston, MA-based healthcare data platform
 
CapitalG
$100M
New York, NY-based market intelligence and search platform
 
Insight Partners
$112M
Culver City, CA-based custodian and software provider to the investment adviser industry
 
Andera Partners, Cormorant Asset Management, Taglich Brothers, Squarepoint Capital, Richmond Brothers
$48.5M
San Ramon, CA-based developer of a treatment for ischemic heart failure
 
Sozo Ventures, Anthos Capital, Fuse Venture Capital, Ignition Partners, Liquid 2, Voyager Capital
$30M
Seattle, WA-based developer of weeding robots
 
Prysm Capital
$270M
New York, NY-based capital markets infrastructure startup
 
Snowflake, Coatue, Sequoia Capital
$62.9M
New York, NY-based data-as-a-service startup
 
Anthemis, Fin Capital, Norwest Venture Partners, Greycroft, Bowery Capital, Firebolt Ventures
$28M
Denver, CO-based consumer benefits administration startup
 
Oval Park Capital, Fifth Wall, Blitzscaling Ventures, Overlay Capital, Veriten
$18.4M
Atlanta, GA-based distributed hydropower startup
 
GM Ventures
$50M
Austin, TX-based lithium extraction startup
 
Crestline Investors, RET Ventures, Essex Property Trust, UDR
$59M
Tysons Corner, VA-based broadband provider
 
Blackstone, Juxtapose
$200M
New York, NY-based digital commerce brand acquisition and investment platform
 
Flybridge Capital, IBM, Salesforce Ventures, GGV Capital, Mango Capital, Two Sigma Ventures, the Founder Collective, Entrée Capital, Raj Dutt
$20M
New York, NY-based open source spinout from IBM-owned NS1
 
Koch Disruptive Technologies, Bessemer Venture Partners, Flare Capital Partners, Frist Cressey Ventures, CVS Health Ventures, Takeda Digital Ventures
$30M
New York, NY-based virtual gastrointestinal care
 
Arch Venture Partners, Flippen Group, GPG Ventures, 4D Capital
$47M
Richardson, TX-based digital holistic health platform
 
Dragoneer
$65M
Durham, NC-based athlete engagement platform for collegiate and pro teams
 
Peak6 Strategic Capital, F-Prime Capital, KF Business Ventures
$24.6M
Charlotte, NC-based retail brokerage for active traders
 
Decheng Capital
$64M
Philadelphia, PA-based viral vector contract manufacturing organization

|Scherzer Deal Report|

The Scherzer Deal Report: April 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

$850M
13th flagship VC fund
 
$350M
Debut fund
 
$100M
Debut fund
 
$8B
Sixth European private equity fund
 
$110M
Debut fund
 
$328M
17th private equity fund-of-funds
 
$300M
Debut fund

Private Equity Deals

Mill Rock Capital
Undisclosed
Asbury, NJ-based maker of carbon additive solutions
 
Blue Point Capital Partners
Undisclosed
Vernon Hills, IL-based maker of eyewear frames
 
Arkview Capital
Undisclosed
New York, NY-based parking operator
 
Marlin Equity Partners
Undisclosed
Chicago, IL-based provider of occupational and employee health software
 
Inverness Graham
Undisclosed
St. Paul, MN-based provider of single-use surgical and instrument protection products
 
Sky Island Capital
Undisclosed
Ellsworth, WI-based maker of breaded cheese curds
 
Crestview Partners
$200M
Monterey, CA-based registered investment advisors
 
Bridge Investment Group
$320M
Stamford, CT-based private equity secondaries firm
 
Ethos Capital
Undisclosed
Manchester, NH-based collaboration platform for architectural, engineering, and construction
 
Mill Point Capital
Undisclosed
Kissimmee, FL-based recycler and manufacturer of horticulture containers and trays
 
Parthenon Capital
Undisclosed
Las Vegas, NV-based gaming payment solution provider
 
Great Range Capital
Undisclosed
Milwaukee, WI-based commercial roofing contractor
 
Platinum Equity
Undisclosed
Dunnville, KY-based farm and ranch equipment business

Venture Capital Deals

Radical Ventures, Index Ventures, CPPIB, Amplify Partners, Gates Frontier Holdings, AIX Ventures, Northgate Capital
$75M
Emeryville, CA-based maker of picking robots
 
SoftBank
$100M
Boston, MA-based endpoint detection and cybersecurity software company
 
Morgan Stanley Investment Management, StepStone Group, Columbia Capital
$50M
San Marcos, CA-based supply chain management company
 
Bain Capital Life Sciences, Janus Henderson, Baillie Gifford, Capricorn Investment Group, Hayfin Capital Management, HealthCor, Martis Capital, USVP, Wellington Management
$215M
Mountain View, CA-based cardiac diagnostic platform
 
Headline, Insight Partners, Scale Venture Partners
$50M
San Francisco, CA-based observability market platform
 
Novalis LifeSciences, Sozo Ventures, Hatteras Venture Partners, iSelect Fund, American Cancer Society BrightEdge, Broadway Angels
$41M
Natick, MA-based developer of liquid biopsies for early cancer detection
 
NEA, Khosla Ventures, Dolby Family Ventures, Liberty Global Ventures, Fusion Fund, Drew Perkins, Open Field Capital, Edge
$22.4M
Saratoga, CA-based developer of micro-LED display tech
 
Parkway VC, Intel Capital
$23M
Atlanta, GA-based X-ray tech startup
 
TenOneTen Ventures, Rembrandt Venture Partners, Hawke Ventures, DragonX Capital, FJ Labs
$34M
New York, NY-based provider of e-commerce tools
 
Eclipse, Riot Ventures, Champion Hill Ventures, Space.VC, Narya
$17M
Colorado Springs, CO-based space security startup
 
Forage Capital Partners, Mountain Group Partners, Grosvenor Food & Ag Tech, Open Prairie, Fulcrum Global Capital, Serra Ventures, KC Rise
$20M
Lenexa, KS-based precision livestock startup
 
SignalFire, Evolent Health CEO Frank Williams, Social Entrepreneurs’ Fund, CD Venture, Yabeo, Partnership Fund for NYC
$20M
Los Angeles, CA-based behavioral economics and wellness company

|Scherzer Deal Report|

The Scherzer Deal Report: March 27-31, 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

$5.3B
Seventh flagship fund
 
$210M
Founders fund
 
$25M
Debut fund
 
$100M
Debut fund
 
$570M
Seventh fund
 
$4.5B+
Seventh flagship PE fund
 
$305M
Debut fund
 
$600M
Second independent fund
 
$200M
Latest fund

Private Equity Deals

Recognize
Undisclosed
Berwyn, PA-based provider of B2B marketing-as-a-service solutions
 
Garnett Station Partners
Undisclosed
Charlotte, NC-based restaurant chain
 
EQT Infrastructure
Undisclosed
Alpharetta, GA-based provider of yard management and facility logistics services 
 
SAI MedPartners
Undisclosed
Reading, PA-based market intelligence firm for the biotech and pharma industries
 
Graycliff Partners
Undisclosed
Davenport, IA-based distributor of HVAC and electrical equipment
 
Trinity Hunt Partners
Undisclosed
Southborough, MA-based provider of commercial landscaping services
 
Riveter Capital
Undisclosed
Dallas, TX-based provider of school meals to children
 
Kohlberg & Co.
Undisclosed
Atlanta, GA-based provider of gastrointestinal services
 
AUA Private Equity Partners
Undisclosed
Galesburg, IL-based maker of premium meat snacks

Venture Capital Deals

Softbank
$375M
Bedford, MA-based e-commerce robots maker
 
JMI Equity
$90M
New York, NY-based academic operations platform for higher education
 
Blockchain Capital, Coinbase Ventures, Polychain Capital, Hack VC, Electric Capital
$50M
Seattle, WA-based ethereum restaking protocol
 
Redpoint Ventures, Madrona Venture Group, Zetta Venture Partners, SignalFire, Bloomberg Beta, Kearny Jackson
$17M
Seattle, WA-based automation platform for large language models used by enterprises
 
Two Bear Capital, Sequoia Capital, Atlantic Bridge, Harpoon Venture Capital Partners
$62M
San Jose, CA-based edge services startup
 
Cathay Innovation, La Maison, Top Harvest Capital, Obvious Ventures
$20M
Guilford, CT-based clinical trials marketplace
 
Biospring Partners, Senator Investment Group, B Capital Group, Glasswing Ventures
20M
Boston, MA-based online marketplace for life science supplies
 
Rockefeller Asset Management, Uncorrelated Ventures, Partnership Fund for New York City
$22M
New York, NY-based compliance-focused employee chat monitoring startup
 
Menlo Ventures, Greylock
$19.1M
San Francisco, CA-based billing automation startup
 
Portage
$40M
Houston, TX-based mobile commerce and payments provider
 
NEA, Databricks Ventures, Elad Gil, Bob Muglia (former CEO of Snowflake), Paul Buchheit
$25.6M
San Francisco, CA-based answer app
 
Companion Fund, Left Lane Capital, Valor Capital, 301 INC
$19M
New York, NY-based DTC fresh cat food brand
 
Team8, Euclidean Capital, Intuition Fund, Communitas Capital, Phoenix, Nidoco AB
$28M
New York, NY-based impact-as-a-service platform for financial institutions
 
Acrew Capital, ATX Venture Partners, Trust Ventures, Dream Ventures, Interplay, Accomplice, Vera Equity, FJ Labs, Fiat Ventures, Gaingels, Kelmhurst, Oyster Funds, Hilltop Ventures, Permit Ventures, Kindergarten Ventures, J2 Capital, Socially Financed, Kapital Ventures
$15M
Austin, TX-based bill pay tool
 
Breakthrough Energy Ventures, TDK Ventures, Doral Energy Tech Ventures
$29M
Madison, WI-based nuclear fusion developer
 
LG Technology Ventures led, and was joined by Safar Partners, UOB Venture Management, and existing investors Alpha JWC and LDV Partners
$28.8M
Weston, MA-based provider of autonomous logistics for supply chain and industrial hubs

|Scherzer Deal Report|

The Scherzer Deal Report: March 20-24, 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

$4.5B
Third growth-oriented private equity fund
 
$1.5B
Fifth senior debt fund
 
$25M
Debut VC fund
 
$2.4B1
1th growth equity fund
 
$25M
Debut fund
 
$750M
Sixth midmarket private equity fund
 
$4.2B
Seventh flagship fund

Private Equity Deals

Bron Tapes
Undisclosed
Denver, CO-based distributor and converter of pressure-sensitive tapes and adhesive
 
Cards Recycling
Undisclosed
Springdale, AR-based municipal, commercial, and industrial solid waste collector
 
ClassWallet
Undisclosed
Miami, FL-based digital wallet purchasing and reimbursement platform for public funds
 
Five Star
Undisclosed
Branson, MO-based developer and operator of large-format family entertainment centers
 
RBW Logistics
Undisclosed
Augusta, GA-based provider of warehousing, and fulfillment services
 
Vac2Go
Undisclosed
Louisville, KY-based provider of equipment to industrial, utility, and municipal customers
 
Zodega
Undisclosed
Houston, TX-based provider of landscaping and lawn care services

Venture Capital Deals

PSG
$65M
Chicago, IL-based B2B data integration and business data exchange
 
Ballistic Ventures, Ten Eleven Ventures
$16.6M
Silver Spring, MD-based workload identity and access management startup
 
SK Innovation, Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon Ventures, DCVC
$139M
Brooklyn, NY-based developer of ammonia-based fuels for trucks and ships
 
Iconiq Growth, Alkeon Capital Management, Insight Partners
$65M
Jersey City, NJ-based life sciences manufacturing platform
 
Coatue, Johnson & Johnson, Koch Disruptive Technologies, Walden Catalyst Ventures, TIME Ventures, Breyer Capital, The Factory
$90M
Santa Barbara, CA-based developer of AI tests to personalize therapy for cancer patients
 
Maveron, SteelSky Ventures, WVV Capital
$32M
Madison, WI-based youth, and family telemental health startup
 
Left Lane Capital, HOF Capital, General Catalyst, Tiger Global
$20M
Brooklyn, NY-based coffee shop chain
 
Pelion Venture Partners, Liberty Global Ventures, Crosslink Capital, One Way Ventures
$20.5M
Glendale, CA-based cloud identity security platform
 
Nat Friedman, Elad Gil, SV Angel, A Capital
$150M
Menlo Park, CA-based personalized AI chatbot developer
 
Madrona
$15M
San Francisco, CA-based provider of a drop-in authentication and user management solution for React
 
FoundersX Ventures, Alzheimer’s Drug Discovery Foundation, Starbloom Capital, IAG Capital, WS Investment Co.
$73M
Cambridge, MA-based biotech focused on CNS diseases
 
GV, Boldstart Ventures, Preface
$16M
Mountain View, CA-based fly-direct secure web gateway
 
Mubadala Capital, Polaris Partners, Vivo Capital, GV
$50M
San Mateo, CA-based antibody-based protein degradation platform
 
GordonMD Global Investments, Pfizer Ventures, Agent Capital, Eli Lilly, Memorial Sloan Kettering Cancer Center, Novartis, Pavilion Capital, ShangBay Capital, Boxer Capital, Casdin Capital, Eventide Asset Management, Invus Financial Advisors, Nextech Invest, Third Rock Ventures
$123M
Cambridge, MA-based biotech targeting transcription factors
 
General Atlantic, FirstMark Capital, AXA Venture Partners
$179M
Minneapolis, MN-based employer health benefits company
 
Sequoia Capital, Andreessen Horowitz, Amplify, Snowflake
$28M
San Francisco, CA-based data collaboration startup
 
LightShed Ventures, Henry Kravis, Matthew Ball, Mark Cuban, Maveron, Lightspeed, Sony Innovation Fund, RW3 Ventures, OV, Visible Ventures, Xavier Niel
$18M
San Francisco, CA-based technology startup that is creating the platform and foundational infrastructure for digital-physical interactions
 
Enhanced Healthcare Partners
$45M
Brooklyn, NY-based revenue cycle management company
 
BlackRock Alternatives, HarbourView Equity Partners, Goldman Sachs
$90M
Los Angeles, CA-based TV and film studio focused on stories told by and about people of color
 
Madrona, Norwest Venture Partners, Factory
$17.5M
Austin, TX-based startup for incorporating AI into data stacks
 
Animoca Brands, Dragonfly, SuperScrypt, CAA, Connect Ventures, Republic Crypto, Avalanche, Galaxy Interactive, Warner Music Interactive
$28M
West Hollywood, CA-based web3 chat super-app
 
Relevance Ventures
$16.8M
Austin, TX-based network of gymnastics gyms
 
QED Investors, Invus Opportunities, WndrCo, Tribe Capital, Dreamers VC
$66M
Los Angeles, CA-based earned-wage access company
 
Greenbacker Capital Management
$15M
San Francisco, CA-based vehicle fleet manager
 
Greenoaks
$500M
San Francisco, CA-based employee onboarding and workforce management company
 
Insight Partners, UCB Ventures, Eli Lilly, Ono Venture Investment, Digitalis Ventures, Dolby Family Ventures, Free Flow Ventures, PhiFund Ventures, Upfront Ventures, BOLD Capital Partners
$50M
South San Francisco, CA-based developer of RNA medicine solutions
 
Transformation Capital, Threshold Ventures
$24.7M
Claymont, DE-based developer of hospital patient engagement software
 
Felix Capital, Creandum, Earlybird, SquareOne
$20M
San Francisco, CA-based frontend e-commerce infrastructure startup
 
Jump Capital, NEA, Owl Ventures, AI Fund, Sozo Ventures
$23.5M
Palo Alto, CA-based enterprise upskilling platform

|Scherzer Deal Report|

The Scherzer Deal Report: March 13-17, 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

$20M
Debut fund

Private Equity Deals

Sun Capital Partners
Undisclosed
Las Vegas, NV-based provider of corporate services like bookkeeping and entity formation
 
Blackstone
$4.6B
Tysons, VA-based events and hospitality tech provider
 
Silver Lake, CPPIB
Undisclosed
Provo, UT-based maker of survey and customer experience software
 
Graham Partners
Undisclosed
Columbia, SC-based maker of single-use brain health and neurodiagnostic electrodes
 
Trinity Hunt Partners
Undisclosed
Puerto Rico-based digital marketing agency focused on life sciences
 
Ontario Teachers’ Pension Plan
$221.6M
Lakewood, CO-based base metals and industrial minerals royalty company
 
Apollo Global Management
$8.1B
Downers Grove, IL-based chemicals distributor

Venture Capital Deals

General Catalyst, Spark Capital, Addition, Greylock, Atlassian Ventures, Microsoft, NVIDIA, Workday Ventures, Caterina Fake, Frontiers Capital, PSP Growth, SV Angel, A.Capital
$350M
San Francisco, CA-based AI startup focused on executing software workflow
 
Creandum
$20M
Miami, FL-based automation and cost management startup
 
Battery Ventures
$46M
San Francisco, CA-based commercial auto insurance startup
 
Novartis Venture Fund, Sofinnova Partners, Pfizer Ventures, Mission BioCapital, Gimv, Pureos, Bristol Myers Squibb, Eli Lilly & Co., Ono Venture Investment, Mass General Brigham Ventures
$85M
Cambridge, MA-based biotech focused on fibrosis
 
ClearSky Security, Samsung Next, Blackstone, Atlantic Bridge, DNX
$45M
New York, NY-based cloud and SaaS incident response startup
 
Nava Ventures, UnityPoint Health Ventures, PrimeTime Ventures, SpringTide Ventures, ManchesterStory
$15M
Des Moines, IA-based provider of white-label telehealth support services

Valar Ventures
$37M
New York, NY-based provider of corporate credit cards to e-commerce businesses
 
JPMorgan
$22M
San Francisco, CA-based payments platform for metaverse projects
 
Breakthrough Energy Ventures, Chevron USA, United Airlines Ventures
$25M
La Jolla, CA-based developer of algae-based jet and diesel fuel

|Scherzer Deal Report|

The Scherzer Deal Report: March 6-10, 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

Kinderhook
Undisclosed
Grand Rapids, MI-based aftermarket auto parts distributor
 
Luminate Capital Partners
Undisclosed
San Clemente, CA-based provider of manufacturing plant floor audit software
 
Sole Source Capital
Undisclosed
El Segundo, Calif.-based distributor of fresh and frozen seafood
 
Kelso & Co.
Undisclosed
Englewood, NJ-based multi-family office
 
EagleTree Capital
Undisclosed
Chicago, IL-based business events management company
 
Capitol Meridian Partners, The Sterling Group
Undisclosed
Sugar Land, TX-based provider of aviation services
 
New Heritage Capital
Undisclosed
Shrewsbury, NJ-based provider of application-managed services, implementation, and consulting
 
Gauge Capital
Undisclosed
Oak Brook, IL-based provider of electronic health record software
 
Aetos Capital West
Undisclosed
Boise, ID-based water consultant firm
 
CVC Capital Partners
$150M
St. Petersburg, FL-based association to promote the profile of women’s tennis

Private Equity Deals

Dragonfly Capital, Blockchange Ventures, Moonshot Research, EV3, Afore Capital, FJ Labs, Castle Island Ventures, Chaos Ventures, KohFounders, J Ventures
$15M
New York, NY-based ISP
 
Madrona, WaFd Bank
$15M
Seattle, WA-based banking platform for community and regional banks
 
The Invus Group
$15.4M
Marina Del Rey, CA-based maker of gut-healthy brownies and other foods
 
NewSpring, HCAP Partners, Hamilton Lane
$33M
San Diego, CA-based virtual care platform for sleep
 
Kapor Centerand Motley Fool, Goldman Sachs, Citibank
$80M
Fresno, CA-based tech training company
 
VoLo Earth Ventures, Microsoft Climate Innovation Fund, Credit Suisse, Builders Vision, New York State Ventures, Unreasonable Collective, Kimbal and Christiana Musk, Gaingels, Van Jones, Kapor Capital, My Climate Journey, Tale Venture Partners, Russell Westbrook
$24M
New York, NY-based building decarbonization startup
 
Ankona Capital, FirstMark Capital, Access Venture Partners, Next Frontier Capital
$18.9M
Boulder, CO-based employee recognition and rewards platform
 
Third Rock Ventures, RTW Investments and Perceptive Advisors, Nextech, Janus Henderson Investors, Ally Bridge Group, Wellington Management, T. Rowe Price, Cormorant Asset Management, Piper Heartland, Samsara BioCapital, Red Tree Venture Capital, Emerson Collective
$200M
San Mateo, CA-based developer of CAR T-cell therapies for cancer
 
GV, Arch Venture Partners, DCVC Bio, Mubadala Capital, Sixth Street, Alexandria Venture Investments, Atlas Venture, Casdin Capital, Cormorant Asset Management, Janus Henderson Investors, Newpath Partners, Omega Funds, Osage University Partners, Sofinnova Partners, T. Rowe Price, Wellington Management
$135M
Cambridge, MA-based developer of single-dose epigenetic editing therapeutics
 
Zalando, Avery Dennison, Youngone, 8090 Industries, Circulate Capital, Vodia Capital, City Light Capital
$20M
Danville, VA-based textile recycler
 
SignalFire, Frist Cressey Ventures, Martin Ventures, Yale Medicine, University of Colorado Healthcare Innovation Fund, Mass General Brigham
$55M
Boston, MA-based healthcare revenue cycle services startup
 
Enbridge, Ara Partners
$100M
Concord, MA-based food waste management startup
 
Eclipse, Khosla Ventures, DCVC
$60M
Mountain View, CA-based developer of online grocery fulfillment robots
 
Perceptive Advisors
$100M
New York, NY-based provider of women’s fertility services
 
Arbor Ventures, Infinity Ventures, Underscore VC, Point 72 Ventures
$34M
Hermosa Beach, CA-based payment intelligence infrastructure startup
 
DNS Capital, Citi Ventures, USVP, Valor Equity Partners, S&P Global
$23M
Palo Alto, CA-based provider of financial crimes risk management software
 
M13, Dynamism Capital, R-Squared Ventures, Peterson Ventures, Sidekick Partners
$17M
Minneapolis, MN-based personalization platform for online retailers
 
CRV, Andreessen Horowitz, Amex Ventures, various angel investors
$73.5M
San Francisco, CA-based chef-to-consumer marketplace
 
Linse Capital, Hercules Capital, Axon, Andreessen Horowitz, Next47, IVP, DoCoMo, NVIDIA, the Walton Family Foundation, UP Partners
$230M
Redwood City, CA-based autonomous drone-maker
 
Amplify Partners, Index Ventures, Sequoia Capital, Madrona, Addition Ventures
$75M
Seattle, WA-based microservices orchestration platform
 
Lightspeed Venture Partners, GV, M12, Menlo Ventures
$65M
San Francisco, CA-based generative AI for enterprise content creation
 
Greenoaks, Lightspeed Venture Partners, Index Ventures
$300M
New York, NY-based cloud security platform
 
Neuberger Berman
$76M
New York, NY-based behavioral marketing platform for brands

Venture Capital Deals

Flagship Pioneering
$50M
Cambridge, MA-based developer of programmable medicines
 
FinTLV Ventures, Harel Insurance
$42.5M
Wellesley, MA-based longevity assurance platform
 
Energize Ventures, SE Ventures, Elemental Excelerator, VoLo Earth, Ulu Ventures
$25M
San Francisco, CA-based provider of sustainable financing software
 
Lightspeed Venture Partners, Andreessen Horowitz, Bitkraft Ventures, Riot Games, 1Up Ventures, Don Thompson’s Cleveland Avenue, Tornante Co.
$55M
New York, NY-based new gaming studio led by former Riot Games executives
 
Red Tree Venture Capital, RA Capital Management, Omega Funds, Bioqube Ventures, Acorn Bioventures, Janus Henderson Investors, F-Prime Capital, Eight Roads Ventures, Invus, Piper Heartland Healthcare Capital, Premji Invest
$108M
Cambridge, MA-based developer of dual-action biologics for treating cancer
 
Altos Ventures, Cercano Management
$20.5M
New York, NY-based student debt and savings optimization platform
 
Alpha Wave Global, Lerner Enterprises, Liquid 2 Ventures, Tamarack Global
$70M
Los Angeles, CA-based defense-tech startup
 
Mercuria Energy Group, Breakthrough Energy Ventures, Rio Tinto, Copec
$30M
Chicago, IL-based developer of heavy-duty engines that run on renewable fuel
 
Sumeru Equity Partners
$110M
American Fork, UT-based demo automation platform for enterprise software
 
Nanban Ventures
$50M
Frisco, TX-based developer of “wellness-centric” multifamily rental housing
 
Kindred Ventures, SK Networks, LG Technology Ventures, Microsoft, Volvo Cars Tech Fund, Tiger Global, Qualcomm Ventures, Sam Altman
$100M
San Francisco, CA-based device and cloud services platform for AI
 
BlackRock, Harbourview Equity Partners, Goldman Sachs Asset Management
$90M
Los Angeles, CA-based entertainment production and agency firm focused on underrepresented talent
 
FTV Capital, Citi Ventures
$43M
New York, NY-based provider of wealth management tech for ultra-high-net-worth families
 
Edison Partners, eGateway Capital, StepStone Group, TRM Ventures
$38M
Austin, TX-based physical supply chain management platform
 
TPG Rise Climate
$150M
Charleston, SC-based solar energy company
 
Signet Healthcare Partners
$24M
Cambridge, MA-based organ transplant startup
 
EQT Life Sciences, LSP Dementia Fund, Sanofi Ventures, Droia Ventures, ALS Investment Fund, LS Polaris Innovation Fund, Mission BioCapital, INKEF Capital, Dementia Discovery Fund, Amgen Ventures, MP Healthcare Venture Management, Mitsui Global Investment, Dolby Family Ventures, Mission Bay Capital, Sanford Biosciences
$88M
Cambridge, MA-based developer of precision medicines for neurodegenerative diseases like amyotrophic lateral sclerosis
 
Third Rock Ventures, ARCH Venture Partners, Johnson & Johnson Innovation
$100M
San Diego, CA-based developer of precision medicines for neurological disorders
 
Alexandria Venture Investments, Altitude Life Science Ventures, CJ Investment, Flagship Pioneering, Invus, Kyowa Kirin Co., T. Rowe Price, UPMC Enterprises
$86.5M
Cambridge, MA-based gene therapy startup
 
JMI Equity, Vertical Venture Partners, Blossom Street Ventures, Renew Group
$120M
San Diego, CA-based marketing platform for multi-location brands
 
NAventures, The Banc Funds, Veritex Community Bank, Midland States Bank, Emigrant Bank
$15M
Palo Alto, CA-based banking-as-a-service startup
 
Scale Venture Partners, Andreessen Horowitz, Harpoon Ventures, Matthew Prince, Glenn Solomon
$21M
New York, NY-based cloud infrastructure spend management startup

|Scherzer Deal Report|
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