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
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