The Scherzer Deal Report: February 10-14, 2025
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.
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Fundraising for PE & VC Funds
IMB Partners
$125.5M
Debut fund
Northrim Horizon
$235M
Third PE fund
Oaktree Capital Management
$16B
12th flagship fund
PSG
$8B
Sixth flagship fund ($6B) and a new continuation fund ($2B)
Thomson Reuters
$150M
Second VC fund
Ulu Ventures
$208M
Fourth fund
Private Equity Deals
Tiger Infrastructure Partners
Bolder Industries
Undisclosed amount
Boulder, CO-based circular-economy infrastructure platform for the rubber, plastic and petrochemical industries
Platinum Equity
Global the Source
Undisclosed amount
Universal City, TX-based master distributor of HVAC/R components
Purchase Capital
Jetset Pilates
Undisclosed amount
New York, NY-based reformer Pilates chain
McNally Capital
Jewett Automation
Undisclosed amount
Richmond, VA-based manufacturer of industrial filtration equipment and automation solutions
Fourshore Partners
Palm Coast Sales
Undisclosed amount
Jupiter, FL-based wholesale distributor of outdoor kitchen appliances
Nautic Partners
Proud Moments ABA
Undisclosed amount
Brooklyn, NY-based provider of applied behavioral analysis (ABA) therapy to children with autism
Multiples
QBurst
Undisclosed amount
Chantilly, VA-based product development and consulting company
Rotunda Capital Partners
RMH Systems
Undisclosed amount
Waukee, IA-based provider of material handling, packaging, and automation solutions
RF Investment Partners
S&K Building Services
Undisclosed amount
Indianapolis, IN-based provider of window washing and related services to multi-story commercial properties
Gemspring
Sitemetric
Undisclosed amount
Houston, TX-based provider of construction jobsite security, safety, and workforce management solutions
PSG
Uscreen
Undisclosed amount
Bethesda, MD-based video monetization platform for creators
Warburg Pincus
Vermont Information Processing
$1B
Colchester, VT -based provider of software for beverage distributors
The Riverside Co.
Wall Street Prep
Undisclosed amount
Newton, MA-based provider of financial training solutions and certifications
Venture Capital Deals
Accurant International, Carrier Global, Climate Investment, Breakthrough Energy Ventures, Next47, and Wind Ventures
75F
$45M
Minneapolis, MN-based company commercial HVAC automation company
NEA, Foresite Capital, RA Capital Management, Bain Capital Life Sciences, Redmile Group, Samsara BioCapital, Sanofi Ventures, Pontifax, Mass General Brigham Ventures, New Leaf Ventures, abrdn, BlackRock, Eurofarma Ventures, and Soleus Capital
Abcuro
$200M
Newton, MA-based developer of anti-KLRG1 treatments for autoimmune diseases and cancer
S2G Investments
ANA
$50M
Henderson, NV-based maker of hybrid mobile generators
Amplify Partners and Spark Capital
Antithesis
$30M
Vienna, VA-based autonomous software testing startup
B Capital, Capital Factory, and Google
Apptronik
$350M
Austin, TX-based developer of humanoid robots
PeakSpan Capital, YC, Trestle Partners, and Singularity Capital
Boostly
$22M
Lehi, UT-based provider of SMS marketing software for restaurants
Oak HC/FT
Candid Health
$52.5M
San Francisco, CA-based revenue cycle management platform for medical billing
Bond and Workday
Comulate
$20M
San Francisco, CA-based revenue management platform for insurance brokers
Menlo Ventures, Left Lane Capital, Foundation Capital, and Afore Capital
ConverzAI
$16M
Redmond, WA-based provider of recruiting software
Tiger Global, Maverick Silicon, Capital TEN, SIP Global Partners, Zero Infinity Partners, CTBC VC, Vanderbilt University, Morgan Creek Digital, RTX Ventures, Anzu Partners, Scout Ventures, AlleyCorp, ACVC, and S5VEn
Charge AI
$100M
Santa Clara, CA-based developer of analog in-memory-computing AI chips
The Steele Foundation
Epicore Biosystems
$26M
Cambridge, MA-based wearables startup
General Catalyst, Floodgate, Sierra Ventures, Hakluyt Capital, Defy, Everywhere Ventures, B3 Capital, Backbone, and Firsthand
Eudia
$30M
Palo Alto, CA-based AI platform for enterprise legal teams
8VC, Autotech Ventures, Munich Re Ventures, and Weatherford Capital
High-Definition Vehicle Insurance
$40M
Chicago, IL-based commercial auto insurance startup
NVP and Tiger Global
ICON
$56M
Austin, TX-based company that builds homes using 3D printing
Beringea
InvestNext
$15M
Detroit, MI-based real estate investment management platform
Lightspeed Venture Partners, Altimeter Capital, Alpine Space Ventures, and First Round Capital
K2 Space
$110M
Torrance, CA-based satellite platform
CRV, HubSpot Ventures, Recall Capital, and Afore
Koala
$15M
San Francisco, CA-based CRM startup
Pulse Fund, Social Capital, and Seven Seven Six
Mast Reforestation
$25M
Seattle, WA-based reforestation startup
Acrew Capital, Morgan Stanley, Amex Ventures, TIAA Ventures, Allstate, Intel Capital, Mango Capital, and True Ventures
Moderne
$30M
Miami, FL-based automated code refactoring and analysis company
Goldman Sachs Alternatives, Novo Holdings, Longwood Fund, DCVC Bio, and Arkin Bio Capital
Newleos Therapeutics
$93.5M
Boston, MA-based developer of anti-anxiety drugs
Five Elms Capital
Pathify
$25M
Denver, CO-based digital engagement hub for higher ed
Battery Ventures, Index Ventures, and Connect Ventures
Plain
$15M
San Francisco, CA-based B2B customer support startup
Forerunner Ventures, Left Lane Capital, and Felicis
Prenuvo
$120M
Redwood City, CA-based provider of whole-body MRI screening
Google and SoftBank
QuEra Computing
$170M
Boston, MA-based quantum computing startup
Activant Capital, a16z, Nyca Partners, GV, Geodesic Capital, Cross Creek Capital, Moody’s Analytics, Experian Ventures, and NAventures
Sardine
$70M
Miami, FL-based fraud prevention startup
Brightmind Partners, Costanoa Ventures, M12, and Cisco Investments
SGNL
$30M
Palo Alto, CA-based identity management startup
Vertex Growth Singapore, Trident Partners, Xeed VC, Arkam Ventures, Prosus Ventures, and Premji Invest
SpotDraft
$54M
New York, NY-based contract management platform for in-house legal teams
Threshold Ventures, Craft Ventures, Intel Capital, and YC
Suger
$15M
San Francisco, CA-based platform for helping software companies transact on cloud marketplaces