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
01 Advisors
$395M
Third fund
Bison Ventures
$135M
Debut fund
Harvest Partners
$5.34B
Ninth fund
IBM
$500M
VC fund focused on generative AI startups.
Jefferies
$2.1B
Second private credit fund
Kennedy Lewis
$4.1B
Third opportunistic private credit fund
KKR
$2.8B
Second global impact fund
Private Equity Deals
Brentwood Associates, Sixth Street
Far West Services
Undisclosed amount
Costa Mesa, CA-based franchisee of Wingstop restaurants
Core Industrial Partners
General Converting
Undisclosed amount
Bolingbrook, IL-based maker of folding cartons for food, confectionary and consumer brands
RidgeLake Partners
Gridiron Capital
Undisclosed amount
New Canaan, CT-private equity firm
Nordic Capital
IntegriChain
Undisclosed amount
Philadelphia, PA-based pharmaceutical tech company
TA Associates
KatRisk
Undisclosed amount
Berkeley, CA-based provider of catastrophe modeling software
Main Capital Partners
Lux Scientiae
Undisclosed amount
Boston, MA-based provider of health care communications and hosting tools
Francisco Partners, TPG
New Relic
Undisclosed amount
San Francisco, CA-based software observability company
Cathay Capital
Parkview Dental Partners
Undisclosed amount
Sarasota, FL-based Dental Service Organization (DSO)
MidOcean Partners
Smith System
Undisclosed amount
Arlington, TX-based provider of driver safety training
HCI Equity Partners
Tri-State Enterprises
Undisclosed amount
Fort Smith, AR-based warehouse distributor of automotive aftermarket parts
Charger Investment Partners
Unitech Composites
Undisclosed amount
Hayden, ID-based composite supplier to the aerospace and defense sectors.
Brookfield Renewable Partners, Cameco
Westinghouse Electric
$7.9B
Pittsburgh, PA-based nuclear power company
Venture Capital Deals
Menlo Ventures, Craft Ventures, Quiet Capital, Carta, Citi Ventures, GPS Investment Partners, Focus Financial Partners
Arch
$20M
New York, NY-based private investment management platform
Andreessen Horowitz, Oak HC/FT
Black Ore
$60M
Austin, TX-based AI platform for financial services
Vintage Investment Partners, Creandum, Uncorrelated Ventures
Cast AI
$35M
Miami, FL-based cloud spend optimization platform.
Menlo Ventures, F-Prime Capital, Eight Roads, Arkin Digital Health, SamsungNext, Ion
Eleos Health
$40M
Cambridge, MA-based provider of therapy voice analytics
Elevage Medical Technologies
Elucid
$80M
Boston, MA-based provider of imaging software for heart disease
Lightspeed Venture Partners, Menlo Ventures, Norwest Venture Partners, Insight Partners, Sierra Ventures
Enable
$120M
San Francisco, CA-based B2B rebate management platform
BVF Partners, RA Capital Management, OrbiMed
Forward Therapeutics
$50M
Palm Beach Gardens, FL-based biotech focused on chronic immunological and inflammatory disorders
Newlands, Blumberg Capital, Aspenwood Ventures, High Sage, Exponent
Kloudfuse
$23M
Cupertino, CA-based data observability startup
Stephane Bancel, Brentwood Associates
L-Nutra
$47M
Los Angeles, CA-based maker of longevity nutrition products
NTT Group, Toyota Ventures, Aioi Nissay Dowa Insurance Co., State Farm Ventures, BMW i Ventures, Cyrus Capital, Trucks VC
May Mobility
$105M
Ann Arbor, MI-based autonomous microtransit company
GM Ventures, Stellantis Ventures, Shakopee Mdewakanton Sioux Community, the University of Minnesota
Niron Magnetics
$33M
Minneapolis, MN-based developer of rare earth-free magnets for EVs
Longitude Capital, Enavate Sciences, Eli Lilly, Samsara BioCapital, NuevaBio
OrsoBio
$60M
Menlo Park, CA-based biotech focused on severe metabolic disorders
Wistron Corp., Honda Motor Co., GS Futures, Traxys North America, Greenland Technologies, Shell Ventures, WorldQuant Ventures
Princeton NuEnergy
$16M
Bordentown, NJ-based recycler of lithium-ion battery materials
QED Investors, Viola Group
Summer
$18M
New York, NY-based vacation home ownership platform
Sixth Street Growth, Wavecrest Growth Partners, Wells Fargo Strategic Capital
Volante Technologies
$66M
Jersey City, NJ-based cloud payments company
Nestlé
Wonder
$100M
New York, NY-based cloud kitchen and food delivery company
Hilco, Bezikian Zareh
Zelig
$15M
Los Angeles, CA-based provider of virtual try-on tech for luxury clothing retailers