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.
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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