The Scherzer Deal Report: October 14-18, 2024
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
Adams Street Partners
$1.2B
Fourth Venture Innovation set of funds
CID Capital
$250M
Fourth fund
Insight Partners
$1.5B
Third continuation fund
KdT Ventures
$100M
Fourth fund
Victor Capital Partners
$310M
Second midmarket PE fund
Private Equity Deals
Audax Private Equity
Avantor
$650M
Radnor, PA-based clinical services business
AustralianSuper
DataBank
$2B
Dallas, TX-based data center operator
Frazier Healthcare Partners
DirectMed Imaging
Undisclosed amount
Poway, CA-based provider of aftermarket parts and component repairs for diagnostic imaging equipment
Turnspire Capital Partners
GHP Group
Undisclosed amount
Niles, IL-based outdoor living and indoor heating products company
Allied Industrial Partners
JCL Energy
Undisclosed amount
Sharon, PA-based distributor of pad-mounted transformers
General Atlantic and Bridgepoint
Kyriba
Undisclosed amount
San Diego, CA-based provider of treasury and cash management software
Accel-KKR
LeagueApps
Undisclosed amount
New York, NY-based youth sports management platform
Falfurrias
Neighborly Software
Undisclosed amount
Atlanta, GA-based provider of SaaS for government program enrollment, administration, and reporting
Blue Point Capital Partners
Pinnacle MEP Holdings
Undisclosed amount
St Clair Shores, MI-based HVAC and plumbing services provider
Gryphon Investors
RapidAir
Undisclosed amount
Auburndale, WI-based maker of branded compressed air solutions
Thomas H. Lee Partners
Red Nucleus
Undisclosed amount
Yardley, PA-based life sciences communications firm
Mainsail Partners
Skimmer
$74M
Austin, TX-based provider of software for pool services businesses
Permira
Squarespace
Undisclosed amount
New York, NY-based website-building platform for businesses and brands
Sound Growth Partners
Stueve Construction
Undisclosed amount
Algona, IA-based provider of engineering and construction services for bulk fertilizer storage facilities
Post Oak Energy Capital
Tiburon Oil & Gas Partners
Undisclosed amount
Houston, TX-based company dedicated to acquiring, developing, and operating upstream oil and gas assets in the Appalachian Basin
Graham Partners
Tulkoff Food Products
Undisclosed amount
Baltimore, MD-based maker of horseradish products, sauces, and other condiments
Silver Lake
Zuora
$1.7B
Redwood City, CA-based company that helps companies launch subscription services
Venture Capital Deals
Andreessen Horowitz, Magic Johnson, Sandberg Bernthal Venture Partners, Banc of California, Twine Ventures, Springbank, and AlleyCorp
Alchemy
$31M
New York, NY-based developer of in-house pharmacy programs for clinics with large HIV and hepatitis C patient populations
Pantera Capital, a16z, and NFX
Azra Games
$42.7M
Sacramento, CA-based developer of mobile role-playing games
Ripple
Bitnomial
$25M
Chicago, IL-based digital asset derivatives exchange company
Zintinus, The Hershey Co., Whole Foods Market, DMG Ventures, Hamilton Lane, and Praesidium
Blue Stripes
$20M
New York, NY-based maker of consumer food products from cacao fruit
TVC Capital and Toloka.vc
Capacity
$26M
St. Louis, MO-based support automation startup
Bain Capital Ventures, Elad Gil, A*, Accel, BOND Capital, and ACME Capital
Decagon
$65M
San Francisco, CA-based developer of AI customer support agents
DCVC, Breakthrough Energy Ventures, and Valo Ventures
Equilibrium Energy
$39M
Boston, MA-based operator of grid-connected battery systems
Eight Roads Ventures, Elevation Capital, and 3one4 Capital
Everstage
$30M
New York, NY-based provider of enterprise sales performance management software
Stand Together Ventures, GovTech, George Lucas, and Mellody Hobson
ForceMetrics
$22M
Denver, CO-based decision-assist platform founded by former FBI agents.
Scale Venture Partners and Premji Invest
Galileo
$45M
San Francisco, CA-based provider of generative AI evaluation and observability for enterprises
L Catterton, USV, Cathay Innovation, Equal Ventures, and Eniac Ventures
Ghost
$40M
Chicago, IL-based B2B retail inventory marketplace
Silas Capital, Strand Equity, and AF Ventures
Hello Cake
$18M
Los Angeles, CA-based sexual wellness brand
Osaka Gas and Mitsubishi Heavy Industries
Koloma
$50M
Denver, CO-based green hydrogen startup
T. Rowe Price, Fidelity, and GV
Lightmatter
$400M
Mountain View, CA-based photonic supercomputing startup
Toyota Ventures, Samsung Next, The ACTIVE Fund, Assembly Ventures, Magenta Venture Partners, J-Ventures, Triventures, Singtel Innov8 Ventures, Telefónica, Team8, and Alter Venture Partners
Monogoto
$27M
Palo Alto, CA-based provider of software-defined connectivity solutions
Smith Point Capital, Nexus Venture Partners, and Battery Ventures
Neuron7.ai
$44M
San Jose, CA-based service resolution intelligence startup
Menlo Ventures, IVP, Socii, Founders Fund, Long Journey, 8VC, Friends & Family Capital, and Fifth Down
Numeric
$28M
San Francisco, CA-based accounting automation startup
Oak HC/FT, Bessemer Venture Partners, Flare Capital Partners, Frist Cressey Ventures, CVS Health Ventures, and Takeda Digital Ventures
Oshi Health
$60M
New York, NY-based virtual gastrointestinal clinic network
Matter Venture Partners, Drive Capital, Yamaha Ventures, Taiwania Capital, MediaTek, Catapult Ventures, Gaingels, Addition, Tiger Global, and Basis Set
Path Robotics
$100M
Columbus, OH-based developer of autonomous robotic welding systems
S2G Ventures
REsurety
$32M
Boston, MA-based provider of data analytics for clean energy companies
Crosspoint Capital
SynthBee
$20M
Fort Lauderdale, FL-based compute intelligence startup
Flourish Ventures, Eaton, Veriten, MassMutual Ventures, inVest Ventures, CarMax, Montage Ventures, Acrew Capital, Holman, Virta Ventures, and Invest Detroit
Treehouse
$16.6M
Detroit, MI-based installation platform for electrification projects
Insight Partners, Venrock, and Vanguard
Vanilla
$35M
Salt Lake City, UT-based provider of estate planning software for financial advisers and wealth managers
Amazon’s Climate Pledge Fund, Ares Management, NGP, Ken Griffin, and the University of Michigan
X-energy
$500M
Rockville, MD-based developer of small modular reactors