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
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