Scherzer Blog

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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

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

The Scherzer Deal Report: October 7-11, 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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

Mill Point Capital
$1.7B
Third midmarket PE fund

Renovus Capital Partners
$875M
Fourth buyout fund

Shore Capital Partners
$1.9B
First health care fund, second business services fund and first search fund

Siguler Guff
$580M
Private credit fund focused on small businesses

Private Equity Deals

Renovus Capital Partners
Angeion Group
Undisclosed amount
Philadelphia, PA-based class action law firm

Kava Equity Partners
Arrowhead Contracting
Undisclosed amount
Overland Park, KS-based environmental remediation services firm

Sixth Street
AtVenu
$130M
San Clemente, CA-based live event payment processor

Staple Street Capital
Avante Health Solutions
Undisclosed amount
Chicago, IL-based medical equipment maker

Apollo Global Management
Barnes Group
$3.6B
Bristol, CT-based maker of aerospace components

Bain Capital Credit
Chartbeat
Undisclosed amount
Austin, TX-based media analytics software firm.

Butterfly Equity
Duckhorn Portfolio
$1.95B
St. Helena, CA-based winery owner

26North
Onelife Fitness
Undisclosed amount
McLean, VA-based gym chain

Blue Point Capital Partners
Pinnacle MEP Holdings
Undisclosed amount
St Clair Shores, MI-based HVAC and plumbing services provider in the Midwest

Radial Equity Partners
Plasticade
Undisclosed amount
Des Plaines, IL-based maker of traffic safety and signage products

TA Associates
Solifi
Undisclosed amount
Minneapolis, MN-based secured finance software firm

Wind Point Partners, Duration Capital Partners, and Oaktree Capital Management
STG Logistics
$300M
Bensenville, IL-based transloading and containerized freight services firm

H.I.G. Capital
STS Aviation Group
Undisclosed amount
Jensen Beach, FL-based aviation services company

IQVentures
The Aaron’s Company
$504M
Atlanta, GA-based lease-to-own retailer

KKR
The Parking Spot
Undisclosed amount
Chicago, IL-based owner and operator of near-airport parking properties

VSS Capital Partners
Treya Partners
Undisclosed amount
San Francisco, CA-based management consultancy focused on procurement and spend management

Venture Capital Deals

a16z, Two Sigma Ventures, RV Invest, Eli Lilly, GV, Biovision Ventures, Valhalla Ventures, Indicator Ventures, Alumni Ventures, LifeLink Ventures, Mana Ventures, Gaingels, and ExitFund
Arda Therapeutics
$43M
San Carlos, CA-based developer of cell depletion therapies for chronic diseases

Oak HC/FT
Auger
$100M
Placentia, CA-based operating system for global supply chains

Dealer Tire
BizzyCar
$15M
St. Peters, MO-based provider of vehicle recall solutions

Engine Ventures, At One Ventures, Angular Ventures, Tamarack Global, Propeller Ventures, Starlight Ventures, and Nucleation Capital
Blue Energy
$45M
Washington, DC-based developer of underwater nuclear reactors

SignalFire, Samsung Next, Alumni Ventures, Matrix, Accel, Susa and YC
Centaur Labs
$16M
Boston, MA-based health data annotation startup

Arch Venture Partners, Fidelity, Invus, Slate Path Capital, Rock Springs Capital, Regeneron Ventures, and AN Ventures
Arda Therapeutics
$135M
Cambridge, MA-based developer of RNAi-based medicines

Sands Capital, CPPIB, Norwest Venture Partners, Global Health Investment Corp., and Breakout Ventures
Cytovale
$100M
San Francisco, CA-based developer of detection tech for sepsis and other immune-mediated diseases

Two Sigma Venture
Distributional
$19M
Berkeley, CA-based AI testing startup

Titanium Ventures, Nemetschek Group Andres Construction, Satterfield & Pontikes, Navitas Capital, Zacua Ventures, Fifth Wall, and Ironspring Ventures
Document Crunch
$21.5M
Atlanta, GA-based document compliance platform for construction

General Catalyst, Town Hall Ventures, Echo Health Ventures, Northpond Ventures, Rethink Impact, and Emerson Collective
Eleanor Health
$30M
Waltham, MA-based addiction treatment startup

Bain Capital Ventures, Premji Invest, Lightspeed Venture Partners, Bessemer Venture Partners, SignalFire, and B Capital Group
EvenUp
$135M
San Francisco, CA-based provider of AI solutions for personal injury law

CapitalG and Viewpoint Ventures
Farther
$72M
New York, NY-based wealth advisory startup

Bessemer Venture Partners
FlexFactor
$16.8M
Miami, FL-based startup tackling lost revenue from payment snafus

T. Rowe Price, GE Vernova, TPG Rise Climate, Breakthrough Energy Ventures, Capricorn, Coatue, Energy Impact Partners, The Engine Ventures, NGP, Temasek, GIC, Prelude Ventures, Claure Group, Gigascale Capital, Blindspot Ventures, and VamosVentures
Form Energy
$405M
Somerville, MA-based developer of long-duration batteries

Georgian and Health Catalyst Capital
Glooko
$100M
Palo Alto, CA-based provider of remote patient monitoring and chronic care management for diabetes

WestCap, Goldman Sachs, ClearSky, NightDragon, and Vertex
Human Security
$50M
New York, NY-based cybersecurity startup

Khosla Ventures, Thrive Capital, Kleiner Perkins, and Ribbit Capital
Imprint
$75M
New York, NY-based co-branded credit card startup

Atlas Venture, The Column Group, TCG, Droia Ventures, Digitalis Ventures, Euclidean Capital, Alexandria Venture Investments, and YK Bioventures
Judo Bio
$100M
Cambridge, MA-based developer of oligonucleotide medicines delivered to the kidney

GoBig, Emergence Capital, High Alpha, ServiceNow Ventures, Salesforce Ventures, and Permanent Capital
Logik.io
$25M
Highland Park, IL-based CPQ fintech

StepStone Group
Maven Clinic
$125M
New York, NY-based women and family health virtual clinic

Lightspeed Venture Partners, Thompson Reuters Ventures, Bling Capital, Flybridge Capital, Company Ventures and TheLegalTech Fund
Noetica AI
$22M
New York, NY-based provider of benchmarking software

Arboretum Ventures, JJDC, Catalio Capital Management, Freepoint Capital Group, Visionary Ventures, Bluestem Capital, SBI Innovation Fund, Sequoia Capital, and Maverick Ventures
Orasis Pharmaceuticals
$68M
Ponte Vedra, FL-based developer of ophthalmic drugs

Thomvest Ventures, M12, Cheyenne Ventures, Menlo Ventures, and Unusual Ventures
Reylance AI
$32M
San Francisco, CA-based data governance platform

GV, Aperiam Ventures, Craft Ventures, Room40 Ventures, Venrock, and Virgo Strategic Investments
Scope3
$25M
New York, NY-based decarbonization startup focused on the media, AI, and advertising industries

Norwest Venture Partners, Seroba, OSF Ventures, Global BioAccess, U.S. Venture Partners, Amzak Health, Treo Ventures, and Aperture Venture Partners
ShiraTronics
$66M
Minneapolis, MN-based developer of neurostimulation therapies for chronic migraine patients

Hedosophia, Venrock, March Capital, Flare Capital, Breyer Capital, and inHealth Ventures
Suki
$70M
Redwood City, CA-based developer of AI assistants for doctors and patients

Emergence Capital, Thrive Capital, OpenAI Startup Fund, Neo, Abstract, 20Sales, and Altcap
Unify
$19M
San Francisco, CA-based provider of go-to-market tech

Portage
Zeal
$15M
San Francisco, CA-based payroll platform

The New York Clean Slate Act

What is this about?
The New York State Clean Slate Act (the “Act”) will allow certain state criminal records to be sealed from public access once an individual completes their sentence and after a specified period passes without another conviction. This statewide law makes it unlawful for employers to inquire about or use sealed convictions against applicants or employees (unless required by law).

Effective Date:
November 16, 2024

What this means:
Under the Act, individuals who have completed their sentence (including probation and parole time) will have their records automatically sealed, as follows:
• Eligible misdemeanor convictions are to be sealed three years after the completion of the sentence.
• Eligible felony convictions are to be sealed eight years after the completion of the sentence.

What else:
It is still being determined whether sealed records will be removed from public access in New York. Also, delayed implementation may occur for budgetary reasons, meaning that “automatically sealed” records may still be publicly available. If criminal record information is obtained from other sources (such as disclosure by the subject, media, or motor vehicle record) we will continue to verify it with information from the relevant New York court. If no correlating court record is found, we will assume the record was sealed and is, therefore, not reportable.

NYC’s Fair Chance Act & the Two-Step Process:
The Clean Slate Act does not change a New York City employer’s obligation under the city’s Fair Chance Act (FCA), which offers more expansive protections to individuals with criminal backgrounds. Our current procedures for complying with the FCA remain unchanged.

The Scherzer Deal Report: September 30-October 4, 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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week.!

Fundraising for PE & VC Funds

Fidelity
$250M
First dedicated VC fund

Gallant Capital Partners
$406M
Second fund

Monarch Alternative Capital
$4.7B
Sixth opportunistic credit fund

OceanSound Partners
$1.49B
Second fund

Prospect Partners
$225M
Fifth fund

Summit Partners
$9.5B
12th flagship U.S. growth equity fund

Private Equity Deals

Unusual VC, Wing VC, Founder Collective, XFund, and Alt Capital
AirOps
$15.5M
San Francisco, CA-based AI workflow platform

New Era Capital Partners, Mindset Ventures, Redseed Ventures, and Silvertech Ventures
Apono
$15.5M
New York, NY-based provider of cloud access solutions

General Catalyst, Celesta Capital, and Alorica
Crescendo
$50M
San Francisco, CA-based customer experience platform

Eclipse, Taiwania Capital, Qualcomm Ventures, Alter Venture Partners, Nautilus Venture Partners, and Silicon Valley Bank
DataPelago
$47M
Sunnyvale, CA-based data processing startup

Greenoaks
Eon
$77M
New York, NY-based cloud infrastructure backup company

Next47 and Ten Eleven Ventures
Harmonic Security
$17.5M
San Francisco, CA-based zero-touch data protection startup

Founders Fund, Lux Capital, Spring Tide, DCVC, Airbus Ventures, Alumni Ventures, Balerion Space Ventures, RTX Ventures, Tamarack Global, 137 Ventures, Elysium, First Principles Group, Island Green, Overmatch, and Trousdale Ventures
Impulse Space
$150M
Redondo Beach, CA-based developer of orbital transfer vehicles

Atlas Venture, Bain Capital Life Sciences, RTW Investments, and Lyra Capital
Kailera Therapeutics
$400M
Boston, MA-based developer of injectable and oral therapies for treating chronic weight management

Altos Ventures
MarqVision
$16M
Los Angeles, CA-based online brand protection startup

Lightspeed and Alpha Wave
Mstack
$40M
Houston, TX-based manufacturing chemicals sourcing platform

Touring Capital, Mitsui, Costanoa Ventures, Threshold Ventures, and Gradient
Numa
$32M
Lafayette, CA-based provider of AI chatbots for auto dealer

PSG, Google Ventures, Addition, Samsung Next, and Dynamic Loop Capital
Nym
$47M
New York, NY-based autonomous medical coding startup

Bain Capital Ventures, DST Global, StepStone Group, Schroders Capital, Premji Invest, BAM Elevate, B Capital, Winslow Capital, Adams Street, Dorsal Capital, and Fin Capital
Poolside
$500M
Rolling Meadows, IL-based developer of AI for software development

Greylock, Unusual Ventures, and angel investors
Resolve AI
$35M
San Francisco, CA-based “AI production engineer”

Kin Ventures, Arch Ventures, General Catalyst, GV (Google Ventures), F-Prime, Mass General Brigham Ventures, and 1843 Capital
Rippl
$23MS
eattle, WA-based virtual dementia care company

Netflix, Dell Technologies Capital, a16z, Bitkraft, and F4 Fund
Series Entertainment
$28M
Rocklin, CA-based game studio startup

Council Capital
StrataPT
$25M
Osprey, FL-based physician practice management software provider

Goldman Sachs, Fidelity, Deep Track Capital, Atlas Venture, Cormorant Asset Management, OrbiMed, Viking Global Investors, and Invus
Triveni Bio
$115M
Waltham, MA-based developer of an eczema antibody

Index Ventures
Valdera
$15M
San Francisco, CA-based sourcing platform for chemicals and raw material

Industry Ventures, eGateway Capital, and Highmount Capital
Vizit
$25M
Boston, MA-based provider of performance analytics for brand visuals

CRV, Wing VC, Conviction, Snowflake, Databricks, Pear VC, Tectonic Ventures, and Fusion Fund
Voyage AI
$20M
Palo Alto, CA-based developer of RAG tools to reduce AI hallucination

Venture Capital Deals

Reid Hoffman, Offline Ventures, Sound Ventures, Karlie Kloss, Colin Kaepernick, founder of Lumi, and Christy Turlington Burns
Arcade
$17M
San Francisco, CA-based generative AI marketplace

Brightway Future Ventures, Cherubic Venture, EnvisionX Venture, First Star Venture, Linear Capital, M31 Capital, Taihill Venture, and Uphonest Capital
Bot Auto
$20M
Houston, TX-based autonomous trucking startup

Wellington Management, Toshiba, DNX, Cox, and Prologis
Crisp
$72M
Bentonville, AR-based supply chain data startup

GV, Collaborative Fund, Breakthrough Energy Ventures, NGP, and Lennar
Dandelion Energy
$40M
Mt. Kisco, NY-based geothermal energy startup

Cathay Innovation, USV, Keyframe Capital, Equal Ventures, and BoxGroup
David Energy
$23M
Brooklyn, NY-based energy retailer

Telescope Partners
Fathom
$17M
San Francisco, CA-based meetings intelligence platform

Avidity Partners, Spark Capital, Ingeborg Investments, Barrel Ventures, Siam Capital, Relish Works, CF Private Equity, and Primary Venture Partners
Helaina
$45M
New York, NY-based maker of human-equivalent bioactive proteins

Edison Partners
K1x
$20M
Chicago, IL-based provider of K-1 data aggregation and reporting solutions

Threshold Ventures, Lux Capital, PFM Health Sciences, and Fred Moll
Mendaera
$73M
San Mateo, CA-based medical robotics developer

Centaurus Capital and New System Ventures
MetOx
$25M
Houston, TX-based maker of ultraefficient grid wires

Flagship Pioneering
Mirai Bio
$50M
Cambridge, MA-based platform for enhancing genetic medicines

Gradient Ventures, Construct Capital, Neo, PSL Ventures, Bezos Expeditions, Fintech Fund, Operator Stack, and Upper90
Outgo
$15M
Seattle, WA-based freight carrier banking startup

A16z, First Round Capital, and M13
Prepared
$27M
New York, NY-based startup that helps 911 dispatchers get a caller’s real-time location

Obvious Ventures, Piva Capital, Prelude Ventures, Metaplanet Holdings, and YC
Pyka
$40M
Oakland, CA-based developer of autonomous electric planes

Novo Holdings, U.S. Venture Partners, Norwest Venture Partners, InnovaHealth Partners, and The Vertical Group
Route 92 Medical
$50M
San Mateo, CA-based maker of medical devices for neurovascular interventions

Holcim and CRH
Sublime Systems
$75M
Somerville, MA-based green cement startup

Evolution Equity Partners, Bessemer Venture Partners, Notable Capital, Greenfield Partners, and Strait Capital
Torq
$70M
Portland, OR-based no-code automation platform for security teams

Sapphire Ventures, KeyCorp, IonPacific, GV, Kleiner Perkins, Citi Ventures, DCM, and Ericsson Ventures
UJET
$76M
San Francisco, CA-based provider of cloud contact center solutions

OPG Pension Plan, ArcelorMittal, Ara Partners and Aramco Ventures
Utility Global
$53M
Houston, TX-based hydrogen and gas production startup for “hard-to-abate industries”

Warburg Pincus and SoftBank
WhatFix
$125M
San Jose, CA-based digital transformation firm

Bessemer Venture Partners
Wrapbook
$20M
Hollywood, CA-based payroll and accounting services firm

Health 2047 Capital Partners, CRG, First Trust Capital Partners and insiders Newlight Partners, Town Hall Ventures, Health 2047, and Leavitt Equity Partners
Zing Health
$140M
Chicago, IL-based Medicare Advantage insurer

The Scherzer Deal Report: September 23-27, 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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week.!

Fundraising for PE & VC Funds

Arch Venture Partners
$3B+
12th fund

Boldstart Ventures
Miami, FL
$250M
Seventh fund

KKR
$4.6B
Debut fund focused on North American midmarket buyouts

StepStone Group
$7.4B
Fifth private equity secondaries fund

Private Equity Deals

Thompson Street Capital Partners
ATIS
Undisclosed amount
Creve Coeur, MO-based provider of elevator and escalator safety inspections and related services

Sixth Street
EdgeConneX
Undisclosed amount
Herndon, VA-based data center operator

Vista Equity Partners
Gnosis Freight
Undisclosed amount
Charleston, SC-based provider of supply chain visibility and execution software

Leonard Green & Partners
GSI
Undisclosed amount
Westminster, CO-based provider of geohazard mitigation solutions and roadway safety services

TPG
Homrich Berg
Undisclosed amount
Atlanta, GA-based wealth manager

Beach Point Capital Management
Metro Franchising
Undisclosed amount
Great Neck, NY-based Dunkin’ franchisees with 105 stores in the New York metro region

Blackstone and Vista Equity
Smartsheet
Undisclosed amount
Bellevue, WA-based maker of workplace collaboration software

Pinegrove Capital Partners
SVB Capital
$340M
Santa Clara, CA-based investment platform business

New State Capital Partners
The Expo Group
Undisclosed amount
Irving, TX-based provider of services to the trade show and live event industry

Venture Capital Deals

Reid Hoffman, Offline Ventures, Sound Ventures, Karlie Kloss, Colin Kaepernick, founder of Lumi, and Christy Turlington Burns
Arcade
$17M
San Francisco, CA-based generative AI marketplace

Brightway Future Ventures, Cherubic Venture, EnvisionX Venture, First Star Venture, Linear Capital, M31 Capital, Taihill Venture, and Uphonest Capital
Bot Auto
$20M
Houston, TX-based autonomous trucking startup

Wellington Management, Toshiba, DNX, Cox, and Prologis
Crisp
$72M
Bentonville, AR-based supply chain data startup

GV, Collaborative Fund, Breakthrough Energy Ventures, NGP, and Lennar
Dandelion Energy
$40M
Mt. Kisco, NY-based geothermal energy startup

Cathay Innovation, USV, Keyframe Capital, Equal Ventures, and BoxGroup
David Energy
$23M
Brooklyn, NY-based energy retailer

Telescope Partners
Fathom
$17M
San Francisco, CA-based meetings intelligence platform

Avidity Partners, Spark Capital, Ingeborg Investments, Barrel Ventures, Siam Capital, Relish Works, CF Private Equity, and Primary Venture Partners
Helaina
$45M
New York, NY-based maker of human-equivalent bioactive proteins

Edison Partners
K1x
$20M
Chicago, IL-based provider of K-1 data aggregation and reporting solutions

Threshold Ventures, Lux Capital, PFM Health Sciences, and Fred Moll
Mendaera
$73M
San Mateo, CA-based medical robotics developer

Centaurus Capital and New System Ventures
MetOx
$25M
Houston, TX-based maker of ultraefficient grid wires

Flagship Pioneering
Mirai Bio
$50M
Cambridge, MA-based platform for enhancing genetic medicines

Gradient Ventures, Construct Capital, Neo, PSL Ventures, Bezos Expeditions, Fintech Fund, Operator Stack, and Upper90
Outgo
$15M
Seattle, WA-based freight carrier banking startup

A16z, First Round Capital, and M13
Prepared
$27M
New York, NY-based startup that helps 911 dispatchers get a caller’s real-time location

Obvious Ventures, Piva Capital, Prelude Ventures, Metaplanet Holdings, and YC
Pyka
$40M
Oakland, CA-based developer of autonomous electric planes

Novo Holdings, U.S. Venture Partners, Norwest Venture Partners, InnovaHealth Partners, and The Vertical Group
Route 92 Medical
$50M
San Mateo, CA-based maker of medical devices for neurovascular interventions

Holcim and CRH
Sublime Systems
$75M
Somerville, MA-based green cement startup

Evolution Equity Partners, Bessemer Venture Partners, Notable Capital, Greenfield Partners, and Strait Capital
Torq
$70M
Portland, OR-based no-code automation platform for security teams

Sapphire Ventures, KeyCorp, IonPacific, GV, Kleiner Perkins, Citi Ventures, DCM, and Ericsson Ventures
UJET
$76M
San Francisco, CA-based provider of cloud contact center solutions

OPG Pension Plan, ArcelorMittal, Ara Partners and Aramco Ventures
Utility Global
$53M
Houston, TX-based hydrogen and gas production startup for “hard-to-abate industries”

Warburg Pincus and SoftBank
WhatFix
$125M
San Jose, CA-based digital transformation firm

Bessemer Venture Partners
Wrapbook
$20M
Hollywood, CA-based payroll and accounting services firm

Health 2047 Capital Partners, CRG, First Trust Capital Partners and insiders Newlight Partners, Town Hall Ventures, Health 2047, and Leavitt Equity Partners
Zing Health
$140M
Chicago, IL-based Medicare Advantage insurer

The Scherzer Deal Report: September 16-20, 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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week.!

Fundraising for PE & VC Funds

Avid Ventures
$87M
Second fund

Cerulean Ventures
$10M
Debut fund

Costanoa Ventures
$394M
Fifth early-stage fund ($275M) and third opportunities fund ($119M)

Era Ventures
$88M
Debut fund

Headline
$865M
Growth-stage fund

Kohlberg & Co.
$4.3B
Tenth midmarket PE fund

Moderne Ventures
$230M
Third fund

Patron
$100M
Second fund

Silver Point Capital
$4.6B
Latest opportunistic private credit fund

Private Equity Deals

Luminate Capital
AbsenceSoft
Undisclosed amount
Golden, CO-based provider of leave management software

RF Investment Partners
Altro and Amici Pharmaceuticals
Undisclosed amount
Long Island, NY-based providers of generic veterinary drug sourcing, production and insights

Agellus Capital
BlackPoint
Undisclosed amount
Kent, WA-based provider of managed IT and cybersecurity services

New Heritage Capital
Brilliant
Undisclosed amount
San Francisco, CA-based provider of corporate gifting and branded merchandise solutions

Brookfield Asset Management
Castlelake
$1.5B
Minneapolis, MN-based private credit firm

Genstar Capital
Flourish Research
Undisclosed amount
Apex, NC-based operator of multi-site clinical trials

Kingswood Capital Management
Kichler Lighting
Undisclosed amount
Solon, OH-based lighting company

Carlyle
North Bridge
Undisclosed amount
New York, NY-based provider of private credit to landlords for clean energy projects

Platinum Equity and Butterfly
Rise Baking Co
Undisclosed amount
Minneapolis, MN-based leading supplier of bakery products

Heartwood Partners
Royal Products
Undisclosed amount
Hauppauge, NY-based maker of precision machine tool performance accessories

Bain Capital Life Sciences
Serán Bioscience
$200M
Bend, OR-based CDMO for pharma and biotech

EverBank
Sterling Bank and Trust
$261M
Southfield, MI-based banking and loan institution

Carlyle
Unison
Undisclosed amount
San Francsico, CA-based residential equity company

Freeman Spogli
VIO Med Spa
Undisclosed amount
Strongsville, OH-based franchisor of full-service med spas

Venture Capital Deals

Benchmark, Quiet Capital, SV Angel, Abstract Ventures, Lux Capital, Operator Partners, Visionaries, Activant, HubSpot Ventures, Project A, 20VC, 20Growth, and 20Sales
11x
$24M
San Francisco, CA-based developer of autonomous digital worker

PJC, Techstars Ventures, Gaingels Ventures, Water Bear Ventures, and Launchpad Venture Group
AceUp
$22.5M
Boston, MA-based leadership coaching startup

Avfuel, Lowercarbon Capital, In-Q-Tel, Alaska Airlines, Connecticut Innovation’s Climate Tech Fund, Duncan Aviation, and JSSI
Air Company
$69M
Brooklyn, NY-based vodka distiller turned aviation fuel maker

Baird Capital, Blue Heron Capital, TDF Ventures, and TechOperators
BlackCloak
$17M
Lake Mary, FL-based cybersecurity platform for executives, high-net-worth individuals

HighSage Ventures, Intel Capital, CBRE, Nuveen, RXR, TA Realty, Trustbridge Partners, Glilot Capital Partners, and Carthona Capital
Cherre
$30M
New York, NY-based provider of real estate data management SaaS

NEA, Galaxy Interactive, and Sanabil Investments
DeltaStream
$15M
Menlo Park, CA-based serverless stream processing platform

Redpoint Ventures, Y Combinator, Okta Ventures, Base10 Partners, and Formus Capital
Every
$22.5M
San Francisco, CA-based HR and spend management startup

Foundry, Catalyst by Wellstar, Headwaters Ventures, and UnitedHealthcare Accelerator
Ferrum Health
$16M
Sunnyvale, CA-based provider of AI deployment solutions for healthcare

Cormorant, Mubadala, and a16z
GC Therapeutics
$65M
Cambridge, MA-based cell therapy startup

Craft Ventures, 53 Stations, Trust Ventures, and LiveOak Ventures
GreenLite
$28.5M
New York, NY-based construction permitting startup

Permira
Hotel Engine
$140M
Denver, CO-based hospitality booking company

Norwest Venture Partners, Intel Capital, OpenView, Magma, and Alon Cohen
Intezer
$33M
New York, NY-based autonomous security ops startup

Duquesne, The Stephens Group, Brand Foundry Ventures, and American Family Ventures
Ledgebrook
$17M
Boston, MA-based specialty insurtec

Tiger Global
LiquidStack
$20M
Carrollton, TX-based provider of liquid cooling for data centers

Altos Ventures, SaaStr Fund, and OpenView Venture Partners
Mangomint
$35M
Los Angeles, CA-based provider of salon and spa software

Column Group, Sanofi Ventures, Samsara Bio Capital, and Euclidean Capital
Nura Bio
$68M
South San Francisco, CA-based biotech focused on debilitating neurological diseases

Mayfield, Uncorrelated Ventures, Menlo Ventures, Greylock Partners, South Park Commons, Basecase, and Scribble Ventures
Orb
$25M
San Francisco, CA-based software billing platform

Deerfield Management, Corteva, Aliment Capital, and Leaps by Bayer
Pairwise
$40M
Durham, NC-based plant-focused gene editing startup

Insight Partners
PictorLabs
$30M
Los Angeles, CA-based provider of histopathology software

Riverwood Capital and Earlybird Digital East Fund
Picus Security
$45M
San Francisco, CA-based cybersecurity startup

Nyca Partners, Citi Ventures, Brian Kelly, Samsung Next, RiverPark Ventures, Four Cities Capital, and MoreThan Capital
Point.me
$15M
New York, NY-based travel points search engine

Harbert Growth Partners, MissionOG, Liberty Mutual Strategic Ventures, and Vestigo Ventures
Roots Automation
$22.2M
New York, NY-based developer of a generative AI model for insurance claims

Mayfield, General Catalyst, and Abstract Ventures
TeamBridge
$28M
San Francisco, CA-based provider of HR software for hourly workers

TPG Rise Climate, Capricorn Investment Group, Pulse, Fifth Wall, Northstar VC, TGVP, Alaska Airlines, DCVC, Munich Re Ventures, and Emerson Collective
Twelve
$200M
Berkeley, CA-based sustainable aviation fuel startup

Susquehanna Growth Equity
Virtuous
$100M
Phoenix, AZ-based provider of fundraising CRM for nonprofits

GV, Citi Ventures, Outpost Ventures, 53 Stations, and Firebolt Ventures
Wealth.com
$20M
Gilbert, AZ-based estate planning startup

Andreessen Horowitz, Nvidia, NEA, Radical Ventures, Marc Benioff, Adobe Ventures, Databricks Ventures, Reid Hoffman, and Ashton Kutcher
World Labs
$230M
Stanford, CA-based startup led by “modmother of AI” Fei-Fei Li

The Scherzer Deal Report: September 9-13, 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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week.!

Fundraising for PE & VC Funds

Alpha Partners
$153M
Third fund

Bain Capital Life Sciences
$3B
Fourth fund

eGateway Capital
$94M
Second fund

Fika Ventures
$160M
Fourth fund

Five Point Energy
$1.4B
Fourth energy infrastructure fund

Next Frontier Capital
$102M
Fourth fund

Rethink Impact
$250M
Third fund

Private Equity Deals

THL Partners
AMI
Undisclosed amount
Duluth, GA-based firmware company

Sound Growth Partners
ATEK Access Technologies
Undisclosed amount
Eden Prairie, MN-based maker of memory keys for access control and data storage

Nexus Capital
Big Lots
Undisclosed amount
Columbus, OH-based discount home goods retailer

SEVA
Chicory
Undisclosed amount
New York, NY-based contextual commerce media platform

New Mountain Capital
Datassential
Undisclosed amount
Chicago, IL-based food and beverage intelligence platform

Madison Dearborn Partners
Harmonia Holdings
Undisclosed amount
Blacksburg, VA-based provider of tech services to the U.S. federal government

Blue Star Innovation Partners
Ledger Run
Undisclosed amount
Tiburon, CA-based provider of workflow optimization solutions

Rotunda Capital Partners
Mama Lycha Foods
Undisclosed amount
Houston, TX-based maker and distributor of Latin American foods

K1 Investment Management
MariaDB
Undisclosed amount
Redwood City, CA-based cloud database software firm

Coalesce Capital
Miller Environmental Group
Undisclosed amount
Calverton, NY-based provider of waste, industrial, and environmental services

Tower Arch Capital
Miller Industries
Undisclosed amount
Fenton, MI-based maker of custom modular systems

Falfurrias
Moxfive
Undisclosed amount
Tysons, VA-based cybersecurity company

Perpetual Capital Partners
Novatech
Undisclosed amount
Nashville, TN-based provider of nationwide managed office solutions

Shamrock Capital
Nth Degree
Undisclosed amount
Duluth, GA-based event management and experiential marketing company

Eir Partners
PharmaForceIQ
Undisclosed amount
Orlando, FL-based omnichannel orchestration and measurement solution to pharma and life science companies

Renovus Capital Partners
QualX
Undisclosed amount
Springfield, VA-based provider of information management solutions to the federal government

Post Oak Energy Capital
Quantent Energy Partners
Undisclosed amount
Oklahoma City, OK-based platform that made its initial acquisitions of natural gas assets in the Haynesville Shale

Warburg Pincus and Vista Equity
Redwood Software
Undisclosed amount
Frisco, TX-based provider of automation fabric solutions

Aleph Capital Partners and Crestview Partners
Saber Interactive
Undisclosed amount
Ft. Lauderdale, FL-based video game developer

Altas Partners
Sedgwick
Undisclosed amount
Memphis, TN-based claims management firm 

Venture Capital Deals

Anzu Partners, Energy Impact Partners, LaunchCapital, Material Impact, and Volta Energy Technologies
6K
$82M
North Andover, MA-based battery materials maker

Acrew Capital, Ballistic Ventures, Ten Eleven Ventures, Okta Ventures, and CrowdStrike Falcon Fund
Aembit
$25M
Silver Springs, MD-based provider of non-human identity and access management solutions

Heron Rock, Volvo Group VC, Obvious Ventures, Ibex Investors, Compound, Winthrop Square, and Cooley
AIfleet
$16.6M
Austin, TX-based trucking tech startup

Sutter Hill Ventures, Canaan Partners, and Wing VC
AttoTude
$29M
Menlo Park, CA-based provider of AI and hyperscale data center applications

GV, Floodgate, Bloomberg Beta, Haystack, Octave Ventures, and MS&AD
Bounti
$16M
San Jose, CA-based developer of autonomous AI products for sales and marketing

Venrock, Fairmount, TCGX, venBio Partners, Foresite Capital, Third Rock Ventures, Fidelity, Samsara BioCapital, Qiming Venture Partners USA, OrbiMed, Boxer Capital, Redmile Group, Vida Ventures, Two River, Franklin Templeton, LifeSci Venture Partners, Mirae Asset Capital Life Science, Polaris Innovation Fund, and Soleus Capital
Candid Therapeutics
$370M
San Diego, CA-based biotech focused on T cell engagers

Alibaba, Unusual Ventures, Volpe Capital, RX Ventures, Falabella Ventures, and Philippos Kourkoulos Latsis
Connectly
$20M
Redwood City, CA-based conversational commerce startup

GMO Payment Gateway and Sumitomo Mitsui Bank
Drip Capital
$23M
Palo Alto, CA-based working capital startup

PeakSpan Capital
Finally
$50M
Miami, FL-based bookkeeping software provider

Moore Strategic Ventures, XYZ VC, Hedosophia VC, Standard Investments, Crescent Cove Advisors, Enlightenment Capital, and Four More Capital
Forterra
$75M
Clarksburg, MD-based self-driving tech developer

Altimeter, DST Global, Craft Ventures, Sapphire Ventures, SoftBank, Coatue, General Catalyst, Iconiq Growth, IVP, Kleiner Perkins, Lightspeed Venture Partners, and Sequoia Capital
Glean
$260M
Palo Alto, CA-based AI enterprise search startup

Town Hall Ventures, NEA, and Kaiser Permanente
Habitat Health
$50M
San Francisco, CA-based provider of home care support for older adults

Distributed Global, Hashkey Capital, Folius Ventures, the Stellar Development Foundation, and Tibas Ventures
Huma
$38M
San Francisco, CA-based payments blockchain network

Brookfield Asset Management
Infinium
$1.1B
Sacramento, CA-based company focused on converting carbon dioxide into sustainable aviation fuel

Khosla Ventures and Think.Health
Inflammatix
$57M
Sunnyvale, CA-based molecular diagnostics startup focused on acute infection and sepsis

Northzone, Inspired Capital, Eniac Ventures, and Surface Ventures
Nirvana
$24.2M
New York, NY-based health-care bill transparency startup

SYN Ventures, Zscaler, and Lightspeed
P0 Security
$15M
San Francisco, CA-based enterprise cloud security startup

Children’s Health, Concord Health Partners, OSF HealthCare, and Rittenhouse Ventures
Pieces Technologies
$25M
Irving, TX-based provider of solutions for inpatient care teams8

VC, Menlo Ventures, Meritech, Khosla Ventures, and Fifth Wall
Polly
$25M
San Francisco, CA-based provider of mortgage capital markets software

Left Lane Capital
Smartcat
$43M
Boston, MA-based translation automation platform

Johnson and Johnson Innovation, S3 Ventures, Lumira Ventures, SV Health Investors, Deerfield Management, NovaVenture, and Heartwork Capital
SpectraWave
$50M
Bedford, MA-based medical imaging startup focused on coronary artery disease

Pelion Venture Partners, AXA Venture Partners, Valor Equity Partners, DataTribe, and Cyfr Capital
Strider Technologies
$55M
South Jordan, UT-based cyber intelligence company

RA Capital Management, Catalio Capital, Eli Lilly, Cooley, Insight Partners, NVentures, and Gaingels
Superluminal Medicines
$120M
Waltham, MA-based generative biology and chemistry startup

Barclays, Bank of America, Citi, Deutsche Bank, JPMorgan, Morgan Stanley, and Wells Fargo
Versana
$26M
New York-based syndicated loan platform

Khosla Ventures, Bold Capital, WRG Ventures, and Marc Benioff
Viome
$25M
Bellevue, Wash., maker of home microbiome tests

QED Investors, Canvas Ventures, American Family Ventures, HC9 Ventures, Valor Capital Group, and Manchester Story
XP Health
$33.2M
San Carlos, Calif., vision care affordability startup

Scottish National Investment Bank, Airbus, Barclays Sustainable Impact Capital and Saudi Arabia’s NEOM Investment Fund
ZeroAvia
$150M
Hollister, Calif., developer of hydrogen-powered airplane engines

The Scherzer Deal Report: September 2-6, 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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week.!

Fundraising for PE & VC Funds

Asylum Ventures
$55M
Debut fund

Bregal Sagemount
$800M
Credit solutions fund

Halo Capital
$25M
Debut crypto fund

MCJ
$80.6M
Second fund

Slauson & Co.
$100M
Second fund

SparkLabs
$50M
Fund focused on AI startups

Warburg Pincus
$4B
Structured transactions fund

Private Equity Deals

Tower Arch Capital
ACS Manufacturing
Undisclosed amount
Denison, TX-based maker of structural enclosures for backup power systems

H.I.G. Capital
Action Elevator
Undisclosed amount
Millersville, MD-based elevator services company

Apax Partners
Altus Fire & Life Safety
Undisclosed amount
New York, NY-based provider of fire and life safety services

26North Partners
ArchKey Solutions
Undisclosed amount
St. Louis, MO-based provider of electrical, technological, and specialty systems

Mercer Advisors
Benchmark Wealth Management
Undisclosed amount
Old Lyme, CT-based financial planning and wealth management firm

Kohlberg & Co.Clea
Result
Undisclosed amount
Austin, TX-based energy efficiency services provider

RF Investment Partners and Greenridge Growth Partners
Covr
Undisclosed amount
Salt Lake City, UT-based provider of workforce management software to the post-acute care industry

Partners Group
EdgeCore Digital Infrastructure
$1.9B
Broomfield, CO-based data center operator

Welsh, Carson, Anderson & Stowe
EquiLend
Undisclosed amount
New York, NY-based provider of data and analytics solutions to the securities finance industry

Bansk Group
Foundation Wellness
Undisclosed amount
Wadsworth, OH-based maker of orthotics products

Charlesbank Capital Partners
Front Row Group
Undisclosed amount
New York, NY-based e-commerce agency and accelerator for beauty, health, wellness, and CPG brands

Amulet Capital Partners
Genetics & IVF Institute
Undisclosed amount
Fairfax, VA-based provider of reproductive tissue banking services

Rotunda Capital Partners
Lehman Pipe and Supply
Undisclosed amount
Miami, FL-based distributor of industrial pipe, valves, and fittings

Revelstoke Capital Partners
MediQuant
Undisclosed amount
Independence, OH-based provider of data archiving and interoperability software for hospitals and health systems

TPG Rise Climate
Miratech
Undisclosed amount
Tulsa, OK-based provider of aftermarket emissions and noise reduction tech for stationary industrial engines

Iron Creek Partners
MoneyThumb
Undisclosed amount
Encinitas, CA-based automated document evaluation company

WindRose Health Investors
MyndYou
Undisclosed amount
New York, NY-based provider of conversational AI solutions for healthcare

Hg
Ncontracts
Undisclosed amount
Brentwood, TN-based provider of risk and vendor management solutions

Turnspire Capital Partners
Pharmachem
Undisclosed amount
Kearny, NJ-based nutraceuticals business

Venture Capital Deals

Arch Venture Partners, Milky Way Investments Group, Regeneron Ventures, Nvidia, T. Rowe Price, Rock Springs Capital, Bristol Myers Squibb, Westlake Village BioPartners, SoftBank, and the Parker Institute for Cancer Immunotherapy
Arsenal Biosciences
$325M
South San Francisco, CA-based programmable cell therapy startup

NewSpace Capital
Atlas Space Operations
$15M
Traverse City, MI-based provider of ground station services for satellite communications

Scale Venture Partners, Sequoia Capital, and YC
Cortex
$60M
San Francisco, CA-based productivity platform for engineers

Lux Capital, Eisai Innovation, NATCO Pharma, Parkwood Corp. Arch Venture Partners, Khosla Ventures, Farallon Capital Management, Alta Partners, Leaps by Bayer, DaVita, and Freseniuse
Genesis
$191M
Cambridge, MA-based developer of human-compatible organs that are derived from pigs

John Doerr’s family office, Sam Altman-founded Hydrazine Capital, and Material Impact
Galy
$33M
Boston, MA-based developer of lab-grown cotton

Zeev Ventures, Stereo Capital, and Menlo Ventures
HomeLight
$20M
Scottsdale, AZ-based provider of buy-before-you-sell real estate products

Blue Delta Capital Partners
ITC Federal
$25M
Arlington, VA-based provider of IT solutions and enterprise services to U.S. federal agencies

Accel
Laravel
$57M
Benton AR-based PHP web application framework

Shell Ventures, Eni Next, Engine Ventures, New Climate Ventures, Hartree, bp Ventures, Arosa Ventures, Vale Ventures, Newlab, and MCJ Collective
Mantel Capture
$30M
Cambridge, MA-based carbon capture startup that uses molten borate

A16z, Bain Capital Ventures, and YC
Mintlify
$18.5M
New York, NY-based code documentation platform

Ascenta Capital, Woodline Partners, Samsara Biocapital, Longitude Capital, Enavate Sciences, NuevaBio, and Eli Lilly
OrsoBio
$67M
Menlo Park, CA-based developer of obesity treatments

Silver Lake Waterman
Oyster
$59M
Wilmington, DE-based payroll and HR platform for distributed workforces

Icon Ventures, Mayfield, GTM Capital, and StepStone Group
Revefi
$20M
Seattle, WA-based data ops automation startup

Change Forces Capital, Grantham Foundation, Astanor Ventures, Acre Venture Partners, Anthos Capital, Thia Ventures, Emerson Collective, and Ag Ventures Alliance
Switch Bioworks
$17M
San Carlos, CA-based developer of sustainable fertilizers

Index Ventures and General Catalyst
Thatch
$38M
San Francisco, CA-based personalized health benefits startup

D2 Asset Management, Saluda Grade, Second Century Ventures, and Reach
Unlock Technologies
$30M
Tempe, AZ-based home equity agreement provider

Georgian, Salesforce Ventures, NVIDIA, Softbank Ventures Asia, DuckDuckGo, and Day One Ventures
You.com
$50M
Palo Alto, CA-based search engine

The Scherzer Deal Report: August 26-30, 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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week.!

Fundraising for PE & VC Funds

Abry Partners and Coller Capital
$1.6B
GP-led credit continuation fund

CenterOak Partners
$1.1B
Third fund

G Squared
$1.1B
Sixth flagship fund

LS Power Group
$2.7B
Fifth fund

Magnetar
$235M
AI fund

Oncology Ventures
$30M
Debut fund

Private Equity Deals

Citation Capital
Aptive Environmental
Undisclosed amount
Provo, UT-based pest control company

One Equity Partners
EthosEnergy
Undisclosed amount
Houston, TX-based provider of rotating equipment for energy customers

Mill Point Capital
Garyline
Undisclosed amount
Spring Hill, FL-based provider of promotional and specialty packaging products

O2 Investment Partners
Harley Exteriors
Undisclosed amount
Bothell, WA-based provider of residential renovation services

GHK Capital Partners
Horizon Group
Undisclosed amount
Jamaica, NY-based provider of international freight forwarding services

Falfurrias Management Partners
Moxfive
Undisclosed amount
Tysons, VA-based cybersecurity company

Boyne Capital
Premier Building Associates
Undisclosed amount
North Branford, CT-based roofing contractor

Mainsail Partners
Rentvine
$74M
Estero, FL-based provider of property management software for the long-term residential rental market

KKR
Varsity Brands
$4.75B
Memphis, TN-based maker of yearbooks and class rings

Venture Capital Deals

Scale Venture Partners
Bland AI
$16M
San Francisco, CA-based conversational AI platform for enterprise phone calls

Sequoia Capital, Ribbit Capital, Index Ventures, and Haun Ventures
Bridge

$58M

San Antonio, TX-based money movement startup

 

Foundry, Pacific Alliance Venture, GS Futures, DNX Ventures, Ray Stata, Joi Ito, Carrier, and Qualcomm
Butlr
$38M
Burlingame, CA-based senor platform for intelligent buildings

 

General Catalyst, Kleiner Perkins, and Greenoaks
Codeium
$150M
San Jose, CA-based code acceleration platform

Redpoint Ventures, Animo Ventures, Costanoa Ventures, FJ Labs, RTP Global, and South Park Commons
Comun
$21.5M
New York, NY-based digital bank focused on U.S. immigrants

GV, GIC, CapitalG, IVP, and CRV
Cribl
$319M
San Francisco, CA-based data infrastructure startup

Gigafund, the Autodesk Foundation, and family offices
Last Energy
$40M
Washington, DC-based developer of micro-nuclear power plants

Eric Schmidt, CapitalG, Atlassian, Elad Gil, Jane Street, Nat Friedman, Daniel Gross, and Sequoia Capital
Magic
$320M
San Francisco, CA-based generative AI coding company

IAG Capital Partners
Miris
$26M
Culver City, CA-based provider of spatial content streaming solutions

Forbion and RA Capital Management
Navigator Medicines
$100M
Scotch Plains, NJ-based developer of bispecific antibodies

Headlight Partners
nOps
$30M
San Francisco, CA-based provider of an AI platform for businesses to manage and optimize their cloud usage, spending, and commitments on Amazon Web Services

Millennium New Horizons, Samsung Next, GTMfund, DCM Ventures, and Jason Lemkin
OpusClip
$30M
Redwood City, CA-based AI-powered video repurposing startup

Castle Island Ventures, Hack VC, Franklin Templeton Digital Assets, OKX Ventures, and Mirana Ventures
SatLayer
$8M
Seattle, WA-based BTC re-staking platform developer

Sapphire Ventures, Bonfire Ventures, and Foothill Ventures
Supio
$25M
Seattle, WA-based provider of a purpose-built AI platform for personal injury and mass tort plaintiff law firms

Framework Ventures, Lightspeed Faction, Arrington Capital, Hivemind Capital. M12, DCG, F-Prime Capital, OKX Ventures, Circle Ventures, and Alumni Ventures
SxT Labs
$20M
Los Angeles, CA-based developer of a verifiable compute layer

LA County Fair Chance Ordinance becomes operational September 3, 2024


What is this about?
On February 27, 2024, the County of Los Angeles Board of Supervisors voted to adopt the County’s Fair Chance Ordinance for Employers (FCO). The FCO aligns with the California Fair Chance Act (FCA), also known as “Ban the Box.” However, it adds several compliance requirements when considering the applicant’s criminal record history to make an employment decision.

Effective Date:The FCO is operative on September 3, 2024.

Who must comply:
The FCO applies to any “employer” located or doing business in the unincorporated areas of Los Angeles County who employs five or more employees regardless of location. The FCO protects both applicants seeking employment and employees seeking promotions, as well as others seeking non-traditional employment, such as contract or freelance work.

New requirements:
Notice of Intent to Conduct Background Check.
This notice must be given along with any conditional offer of employment to the applicant or employee that states (1) the conditional offer is contingent upon a review of a criminal record history and (2) the employer has good cause to conduct the criminal history review “for the specific job position with supporting justification in writing.” It is not enough for the employer to merely state it reviews such information because of a generalized “safety concern.” Specific information is required.

Before employers can take any adverse action against an individual, such as rescinding a conditional job offer, the FCO requires the employer to (1) prepare a written individualized assessment of an applicant’s criminal history in the manner required by the FCO; (2) provide a form of preliminary notice of adverse action with mandatory content; (3) provide a second written individualized assessment if the individual provides information in response to the preliminary notice of adverse action; and (4) provide a final notice of adverse action if the employer makes a final decision to withdraw the conditional offer of employment or take any other adverse action (the final notice must also include mandatory content).

Why compliance matters:
The FCO authorizes public and private remedies, including civil claims. The County of Los Angeles Department of Consumer and Business Affairs (DCBA) is authorized to take appropriate steps to enforce the FCO and conduct investigations of possible violations by an employer. The DCBA may issue monetary penalties of up to $5,000 for the first violation, up to $10,000 for the second violation, and up to $20,000 for the third and subsequent violations.

How SI can help:
SI can help ensure compliance in several ways, including the timing of background checks, the distribution of mandatory and sample notices, and the monitoring of the required time periods for taking adverse action.

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