The Scherzer Deal Report: March 18-25, 2020

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.

PE and VC Firms Fundraising Location Amount Description
FMI Investment Partners Durham, NC $26M Debut fund
Fort Ross Ventures Menlo Park, CA $235M Second fund
Mayfield Menlo Park, CA $475M 16th early-stage fund 
Mayfield Menlo Park, CA $275M 2nd opportunities fund
Origami Capital Partners Chicago, IL $520M 4th fund
The Carlyle Group Washington, DC $2.3B 4th Japan buyout fund

Private Equity Investors Company  Amount Description
TA Associates Accion Labs Undisclosed Pittsburgh, PA-based software engineering company
Levine Leichtman Capital Partners Blue Ridge ESOP Associates Undisclosed Charlottesville, VA-based provider of ESOP administration and recordkeeping solutions
OLX Group, Andreessen Horowitz, Warburg Pincus OfferUp $120M Bellevue, WA-based peer-to-peer marketplace for local goods
Marlin Equity Partners SmartLinx Undisclosed Iselin, NJ-based provider of workforce management software for skilled nursing, senior living and post-acute care providers
Gainline Capital Partners SourceHOV Undisclosed Fort Worth, TX-based provider of tax incentive solutions to accounting firms and mid-market companies
MPE Partners Teel Plastics Undisclosed Baraboo, WI-based manufacturer of highly engineered and complex plastic components
The Jordan Co. Transportation Impact Undisclosed Emerald Isle, NC-based provider of software for high-volume shippers
Northlane Capital Partners VMG Health Undisclosed Dallas, TX-based valuation and transaction advisory firm exclusively focused on the healthcare industry

Venture Capital Investors Company  Amount Description
Decheng Capital, Oceanpine Capital Apexigen $65M San Carlos, CA-based developer on cancer antibodies
M12, PayPal, USVP Arkose Labs $22M San Francisco, CA-based provider of online fraud and abuse prevention software
Fidelity, Valor Equity Partners Castle Creek Biosciences $55M Exton, PA-based gene therapy company focused on rare skin conditions
Updata Partners CData $20M Chapel Hill, NC-based provider of data access and connectivity software
Insight Partners, Cisco Investments, Lightspeed Venture Partners, Norwest Venture Partners, Redpoint Ventures Dremio $70M Santa Clara, CA-based “data lake engine” startup
Insight Partners, Wing VC, General Catalyst Espressive $30M Santa Clara, CA-based developer of company help-desk chatbots
Stripe, Index Ventures, Susa Ventures Fast $20M San Francisco, CA-based developer of platform-agnostic login and checkout services
Dell Technologies Capital, Accel Humio $20M London-based log management platform
Casdin Capital, Greenspring Associates, Alexandria Venture Investments, Illumina Ventures, Polaris Partners, The Column Group Kallyope $112M New York-based biotech focused on the “gut-brain axis,”
Notion Capital, Workday Ventures, Foundation Capital, Emergence Capital Mya Systems $18.75M San Francisco, CA-based hiring chatbot
Generation Investment Management,  Breakthrough Energy Ventures, 1955 Capital, Mousse Partners, ADM Ventures, Danone Manifesto Ventures Nature’s Fynd $80M Chicago, IL-based alternative protein startup
B Capital Group, Kleiner Perkins, Khosla Ventures, Accomplice, Top Tier Capital Partners Plastiq $75M San Francisco, CA-based solution for paying bills via credit card
4BIO Capital, Arkin Bio Ventures, Takeda Ventures, New York Ventures, Alexandria Venture Investments Redpin Therapeutics $15.5M New York-based chemo-genetics focused on nervous system diseases
Cobro Ventures, Taiwania Capital, 3E Bioventures Capital, Yonjin Capital, VIVA Biotech Holdings Regenacy Pharma $30M Waltham, MA-based developer of diabetes treatments
Advance, The Chernin Group Scopely $200M Los Angeles, CA-based mobile gaming company
Mann & Hummel, IDEA Fund Partners, Multiplier Capital, Lead Edge Capital, Arsenal Growth, One Better Ventures, Bonaventure Capital SecondNature $16.4M North Carolina-based DTC air purifier and water filter startup
Undisclosed SoftIron $34M London-based developer of data center appliances
Argo Infrastructure Partners, Wafra, Macquarie Capital Principal Finance, Cequel, Ontario Teachers, RedBird Capital Partners, The Stephens Group, Thompson Street Capital Partners TierPoint $320M St. Louis, MO-based data center operator

March 26th, 2020|Scherzer Deal Report|

Updated: Client communication regarding coronavirus – March 20, 2020

As noted in our previous communication, disaster preparedness is an integral part of our risk management program and includes pandemic preparedness. As the “Safer at Home” emergency order went into effect for Los Angeles County on March 19, we have fully activated our business continuation plan in both our headquarters in Woodland Hills, CA and as a precautionary measure, in our Rocky River, OH office.

The plan is multi-faceted and has been designed to provide a seamless remote operation–our workforce has the training, equipment, technology support and other resources necessary to provide the quality reports and exceptional service you expect. 

We are committed to doing our part to limit the spread of the virus and remain dedicated to the health, well-being, and safety of our employees and clients. And, just as importantly, we are committed to being here for you. 

We recognize this is a tough situation for all of us and we wish you well during this time. Please continue to reach out to us with any questions or needs.

March 20th, 2020|Press Release|

The Scherzer Deal Report: March 11-18, 2020

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.

PE and VC Firms Fundraising Location Amount Description
Cold Bore Capital Chicago, IL $200M Second fund
Commonfund Capital Wilton, CT $300M Third emerging markets fund-of-funds
Congruent Ventures San Francisco, CA $125M Second fund
Form Capital Hamilton, Bermuda $25M Debut fund
Greycroft New York, NY $400M Third growth fund

Private Equity Investors Company  Amount Description
Hellman & Friedman Checkmarx Undisclsoed Paramus, NJ-based provider of software security solutions for DevOps
Advent International Conservice Undisclsoed Logan, UT-based provider of utility management software and billing solutions to property owners and managers
AE Industrial Partners G.S. Precision Undisclsoed Brattleboro, VT-based maker of high-precision machined components and complex assemblies
Agilitas Learning Curve Group Undisclsoed British upskilling company
Monomoy Capital Partners Mac Papers Undisclsoed Jacksonville, FL-based distributor of paper, packaging, wide format and envelope products
TSG Consumer Partners Pathway Vet Alliance  $2.65B Austin, TX-based veterinary clinic chain
Serent Capital  SHR Undisclsoed Houston, TX-based central reservation system for hotels
Colfax Creek Capital Traverse City Products Undisclsoed Traverse City, MI-based provider of supplier of custom roll-formed and stamped metal products

Venture Capital Investors Company  Amount Description
Accel, Bessemer Venture Partners, FirstMark, Version One, Leaders Fund, Burst Capital Ada $44M Toronto, Canada-based developer of customer service chatbots
Ten Eleven Ventures, Cyberstarts Axis Security $17M San Mateo, CA-based private app access startup
UnityPoint Health Ventures, Well Ventures B.well Connected Health $16M Baltimore, MD-based digital health engagement platform
The Column Group, Nextech Invest, ShangPharma, LifeForce Capital, Berkeley Catalyst Fund Circle Pharma $45M South San Francisco, CA-based developer of cell-permeable macrocyclic peptide therapeutics
Lyell Immunopharma Eureka Therapeutics $45M Emeryville, CA-based developer of T-cell therapies for solid tumors
MSD Partners, F1 BioVentures Exuma Biotech $19M West Palm Beach, FL-based developer of CAR-T therapies for solid and liquid tumors
Franklin Templeton Investments, T. Rowe Price, Geodesic Capital, GGV Capital, Mayfield, IVP, Redpoint Ventures, True Ventures HashiCorp $175M San Francisco, CA-based provider of multi-cloud automation software
Mirae Asset Global Investments, Mindy Kaling, Peter Jackson, Horizons Ventures, Khosla Ventures, Temasek Impossible Foods $500M Redwood City, CA-based maker of plant-based protein products
Summit Partners NinjaRMM $30M San Francisco, CA-based provider of remote monitoring and endpoint management software
Foundation Capital, Core Innovation Capital, Obvious Ventures One $17M San Francisco, CA-based digital banking startup
Forerunner Ventures, Gradient Ventures, Square Oura $28M San Francisco, CA-based maker of a sleep-tracking device
Scale Venture Partners,  SVB, West Ventures, Kleiner Perkins, YC Proxy $42M San Francisco, CA-based Bluetooth ID startup
Telstra Ventures, Mayfield, Nexus Venture Partners, GRC SinoGreen, F&G Ventures Rancher Labs $40M Cupertino, CA-based Kubernetes management platform
Greycroft,, Franklin Templeton, Adams Capital Management, FJ Labs RoadRunner Recycling $28.6 m Pittsburgh, PA-based recyclying company
D1 Capital Partners Sight Sciences $30M Menlo Park, CA-based developer of ophthalmology and optometry device
CPP Investments, Longevity Vision Fund, BlackRock, Flagship Pioneering Sigilon Therapeutics $80.3M Cambridge, MA-based cell therapy startup
Baillie Gifford, Franklin Templeton, NEA, Novo Holdings, T. Rowe Price Tempus $100M Chicago, IL-based precision medicine company
Insight Partners, Accel, OpenView, Greenspring Associates UserTesting $100M San Francisco, CA-based user experience testing platform
Wing VC, Greylock Partners, Sallyport Investments Validere $15M Houston, TX-based informatics platform for energy companies
First Analysis, Blue Heron Capital, UnityPoint Health Ventures, Next Level Ventures, Chartline Capital Partners, Rural Vitality Fund, Rittenhouse Ventures, Iowa First Capital Fund, The Angels’ Forum VIDA Diagnostics $11M Coralville, IA-based provider of lung imaging analytics

March 20th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: March 4-11, 2020

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.

PE and VC Firms Fundraising Location Amount Description
Frontline Ventures Dublin and London $80M New fund
Felicis Ventures Palo Alto, CA $510M Seventh early-stage fund
New Enterprise Associates Chevy Chase, MD $3.6B Seventeenth venture capital fund
Serent Capital San Francisco, CA $750M Fourth fund

Private Equity Investors Company  Amount Description
CIP Capital 3Pillar Global Undisclosed Fairfax, VA-based software product development firm
Susquehanna Growth Equity Clutch Co Undisclosed Washington, DC-based B2B ratings and reviews platform for IT, marketing, and biz services providers
New Heritage Capital DeWinter Group Undisclosed San Francisco, CA-based provider of temporary and permanent staffing solutions with a focus on finance, accounting, and IT
Shoreline Equity Partners Engelman Baking Co Undisclosed Norcross, VA-based wholesale bakery focused on breads and rolls
The Blackstone Group HealthEdge $700M Burlington, MA-based provider of core administrative processing systems for health care businesses
Bessemer Investors Leonard Valve Co. Undisclosed Cranston, RI-based maker of water temperature control valves and monitoring devices
Marlin Equity Partners Lifesize Undisclosed Austin, TX-based provider ofv ideo collaboration and meeting productivity solutions
The Riverside Company National Flavors Undisclosed Kalamazoo, MI-based maker of flavors for use in beverages and foods
 Excellere Partners ParcelShield Undisclosed Redmond, OR-based provider of predictive parcel tracking and engagement software for health care clients
Battery Ventures WinWorker Undisclosed German provider of business management software and mobile tools for SME craftsmen

Venture Capital Investors Company  Amount Description
Bain Capital Ventures, First Round Capital, BoxGroup Airbase $23.5M San Francisco, CA-based spend management platform
Blue Cloud Ventures, Stereo Capital, Delta-v Capital, NextEquity Partners Arctic Wolf $60M Sunnyvale, CA-based security operations center-as-a-service company
Hummingbird Ventures, NeoTribe Ventures BillionToOne $15M Menlo Park-based diagnostics company that uses maternal blood to discover genetic disorders in fetuses
Viking Global Investors, PeakSpan Capital, Recruit Co., Ltd., Counterpart Ventures, Cultivation Capital Cloudbeds $82M San Diego, CA-based provider of hospitality management solutions
Celeres Investments, Engage, AI List Capital Deep North $25.7M Foster City, CA-based video analytics startup
Five Elms Capital, Beringea DeepCrawl $19M New York-based technical SEO platform
CapitalG, Menlo Ventures, Andreessen Horowitz, K9 Ventures Everlaw $62M Oakland, CA-based cloud e-discovery and litigation platform
T. Rowe Price, Durable Capital Partners HaulHub $30M Boston, MA-based heavy construction logistics startu
Oberndorf Enterprises Human Interest $40M San Francisco, CA-based provider of 401(k)s for small and mid-sized businesses
Evolution VC Partners Hungry $20M Catering marketplace that connects businesses with independent chefs
BVF, Redmile Group, Wellington Management Co., Bain Capital Life Sciences, Janus Henderson, BlackRock, Rock Springs Capital Kymera Therapeutics $102M Cambridge, MA-based biotech focused on protein degradation
Dell Technologies Capital, Bain Capital Ventures, Blue Cloud Ventures, Greylock Partners, IBM, Intel, Juniper Networks, Shasta Ventures Lightbend $25M San Francisco, CA-based creator of a reactive architecture platform
IVP, Meritech Capital Partners, Casdin Capital, Crown Venture Fund, Glynn Capital, Greylock Partners, Providence Ventures, Tenaya Capital, Venrock Lyra Health $75M Burlingame, CA-based behavioral health tech company
Health Catalyst Capital, Horizon BlueCross BlueShield of New Jersey, Goodwater Capital, NEA, Lux Capital, Three Fields Capital, SVB Pager $33M New York-based virtual health care companion
General Catalyst, LionBird, North Coast Ventures Remesh $25M New York-based research platform
Deerfield Management, Optum Ventures, HLM Venture Partners, Waterline Ventures, Heritage Provider Network RubiconMD $18M New York-based e-consultant for specialist health care
USVP, Nextech Invest, Hunt Investment Group, Pontifax, Colt Ventures, NS Investment, OrbiMed, Bristol-Meyers Squibb, Alexandria Venture Investments Silverback Therapeutics $78.5M Seattle, WA-based developer of immune-modulating drug conjugate
Almanac Insights, KarpReilly, Prolong Ventures, VMG Partners Spindrift $29.8M Charlestown, MA-based maker of sparkling waters and seltzers
01 Advisors, Dragoneer, Franklin Templeton, EPIQ Capital Group SpotOn $50M San Francisco, CA-based provider of point-of-sale payment solutions, Bertelsmann, Andreessen Horowitz, Axel Springer, the Blackstone Group, Breyer Capital, CrunchFund, Dawn Capital, Goodwater Capital, Greycroft, Greylock, Kleiner Perkins, NEA, Stereo Capital, Foxhaven Asset Management Zumper $60M San Francisco, CA-based property rental platform

March 13th, 2020|Scherzer Deal Report|

Client communication regarding coronavirus

At Scherzer International, we are keenly aware of the potential impact of the coronavirus (COVID-19) and are taking steps to provide for the continuity of our services and the safety of our employees. Disaster preparedness is an integral part of our risk management program and includes a viable pandemic plan. Below are some of the features of the plan and actions we are taking:  

The outbreak of COVID-19 and its threats are changing rapidly. We will provide further updates as new information is available.

Disclaimer: This communication is for general informational purposes only, and does not constitute legal advice. No recipient should act, or refrain from acting, on the basis of any information provided here without advice from a qualified attorney licensed in the applicable jurisdiction.

March 10th, 2020|Press Release|


As the year and a new decade unfold, we bring you this update on ban-the-box legislation and laws that restrict credit report usage in employment decisions. And no update would be complete without a reminder about a standard-setting federal appellate opinion from 2019 interpreting the Fair Credit Reporting Act (FCRA) disclosure requirement for an employment background check.

Let’s start with a reminder

In January 2019, the Ninth Circuit’s opinion in Gilberg v. California Check Cashing Stores, LLC made clear that any extraneous information in an FCRA disclosure form regarding an employment background check — even if the information is related to state-mandated expansions of consumer rights — violates the FCRA’s requirement that the disclosure must be “in a document that consists solely of the disclosure.

Even seemingly innocuous content, such as asking for an acknowledgment that the candidate received the FCRA summary of rights or including a statement that hiring decisions are based on legitimate non-discriminatory reasons may run afoul of the FCRA. And any state and local notices regarding the background check must be provided in separate documents, as applicable to each candidate.

Experts believe that the number of class-action lawsuits brought under the FCRA for technical errors will continue to increase. But there is an easy way to comply:

Present the disclosure to the candidate in a separate, standalone, conspicuous document. Make it clear and simple. Keep it short.

Ban-the-box laws continue to proliferate

“Ban-the-box” measures – which generally prohibit employers from inquiring about a candidate’s criminal history (including performing background checks) until later in the hiring process – continue to proliferate. Currently, 14 states (CaliforniaColoradoConnecticutHawaii; IllinoisMaryland (effective February 29, 2020); MassachusettsMinnesotaNew JerseyNew Mexico; Oregon; Rhode Island; Vermont and Washington) and 22 local jurisdictions (Austin, TX ; Baltimore, MDBuffalo, NYChicago, ILCook County, ILColumbia, MODistrict of ColumbiaGrand Rapids, MIKansas City, MOLos Angeles, CA; Montgomery County, MDNew York City, NY;  Philadelphia, PA; Portland, ORPrince George’s County, MDRochester, NYSaint Louis, MO (effective January 1, 2021); San Francisco, CA; Seattle, WA; Spokane, WA; Waterloo, IA (effective July 1, 2020 but lawsuit filed to strike down the ordinance); and Westchester County, NY) have such laws in place for private employers.

Be mindful of credit restrictions

Less popular than state and local legislatures on ban-the-box and prohibitions on salary history inquiries, credit check restrictions remain an important consideration for employers. Ten states CaliforniaColoradoConnecticut, Hawaii, Illinois, Maryland, Nevada, OregonVermont, and Washington – as well as ChicagoDistrict of ColumbiaNew York City, and Philadelphia all place restrictions on employers’ use of credit reports with exceptions for the use of such checks when required by law or the responsibilities of the position.      

Arguably, the most imposing local credit report law to date continues to be the New York City’s Human Rights amendment that went into effect on May 6, 2015, and made requesting and using consumer credit history for hiring and other employment purposes, with certain exceptions, an unlawful discriminatory practice. The law provides that a “consumer credit report” includes “any written or other communication of any information by a consumer reporting agency that bears on a consumer’s creditworthiness, credit standing, credit capacity or credit history.”Many legal experts hold that the broad scope of this definition not only prohibits obtaining a consumer credit report but also searches of liens, judgments, bankruptcies, and financially-related lawsuits if there is no exemption. There is no case law on this matter. 

On the national level, the U.S. House of Representatives on January 29, 2020, passed legislation that prohibits employers from using credit reports for employment decisions, except when required by law or for a national security clearance. The bill also prohibits asking questions about applicants’ financial past during job interviews or including questions about credit history on job applications. The U.S. Senate, however, is not expected to introduce the legislation.

March 6th, 2020|Employment Decisions|

The Scherzer Deal Report: Feb 26 – March 4, 2020

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.

PE and VC Firms Fundraising Location Amount Description
Corsair Capital  New York, NY $1B Fifth private equity fund 
Fifth Wall Ventures Los Angeles, CA $100M Fifth Wall Ventures Retail Fund
Lakestar Zurich, Switzerland $735M European investment funds
M33 Growth Boston, MA $260M Second fund
MPM Capital Boston, MA $100M MPM Oncology Innovations Fund (INV)
QED Investors Alexandria, VA $350M Sixth fund
Ridgewood Infrastructure New York, NY $600M Debut private equity fund
Speedinvest Vienna, Austria €190 m Third pan-European VC fund
Ubiquity Ventures Palo Alto, CA $40M Second fund

Private Equity Investors Company  Amount Description
Regions Bank Ascentium Capital Undisclosed Kingwood, TX-based equipment finance lender
The Blackstone Group Dealpath Undisclosed San Francisco, CA-based provider of real estate investment and portfolio management software
Warburg Pincus Delta Midstream Undisclosed Houston, TX-based midstream energy company focused on multiple basins
Prospect Hill Growth Partners Fitness Ventures Undisclosed Orlando, FL-based franchisee of Crunch Fitness gyms
Nautic Partners Harrington Industrial Plastics Undisclosed Chino, CA-based distributor of industrial plastic piping
The Blackstone Group NRStor Undisclosed Toronto-based developer of battery storage solutions
Odyssey Investment Partners NSi Industries Undisclosed Huntersville, NC-based provider electrical connectors and wire management products
Highview Capital, Firstlight Media Quickplay Undisclosed Toronto, Canada-based provider of managed solutions for distributing video content to IP-connected devices
Francisco Partners Smith Technologies Undisclosed Spartanburg, SC-based developer of community pharmacy and long-term care technology
Charlesbank Capital Partners World Insurance Associates Undisclosed Tinton Falls, NJ-based insurance brokerage

Venture Capital Investors Company  Amount Description
Pivotal bioVenture Partners, Cormorant Asset Management, Cowen Healthcare Investments, EcoR1 Capital, Fidelity, Polaris, Pagsgroup, Surveyor Capital, Wu Capital, 5AM Ventures, NEA, Novartis, Partners Innovation Fund, RA Capital Management, Sofinnova Investments Akuous $105M Boston, MA-based gene therapy startup focused on hearing loss
Fidelity, T-Rowe Price, Durable Capital Partners Alignment Healthcare $135M Orange, CA-based Medicare Advantage insurer
Omega Funds, Longitude Capital, Redmile Group, Polaris Partners, Casdin Capital, Two River, Venrock, Delian Capital, Frazier Healthcare Partners Amunix Pharmaceuticals $73M Mountain View, CA-based developer of T-cell engagers for treating solid tumors
Oak HC/FT, .406 Ventures, BlueCross BlueShield Venture Partners, Sandbox Advantage Fund AxialHealthcare $15M Nashville, TN-based healthcare optimization startup focused on substance use issues
Rokk3r Fuel Bolt Mobility $30M Miami Beach, FL-based electric scooter company co-founded by Olympic sprinter Usain Bolt
Summit Partners Brooklinen $50M Brooklyn, NY-based e-commerce company for bedding and home goods
JLL Technologies Eden $29M San Francisco, CA-based office management services platform
Deerfield Healthcare, Qiming Venture Partners US, Cormorant Asset Management, Invus Opportunities, Third Rock Ventures, GV Element Science $146M San Francisco, CA-based developer of wearable cardioverter defibrillators
Mercato Partners, Napier Park Financial Partners, Comcast Ventures, Blumberg Capital, Stereo Capital, Runa Capital Lendio $55M Lehi, UT-based small business loans marketplace
M33 Growth Mize Undisclosed Temple Terrance FL-based customer experience platform for manufacturers
Arrowroot Capital mParticle $45M New York-based consumer data platform
EQT Ventures, Preston-Werner Ventures, Andreessen Horowitz, Kleiner Perkins Netlify $53M San Francisco, CA-based web development platform
Novartis, Redmile Group, Farallon Capital Management, Cormorant Asset Management, Surveyor Capital, Logos Capital, Eventide Asset Management, Cowen Healthcare Investments, Schroder Adveq, Menlo Ventures, SCubed Capital, Agent Capital Pliant Therapeutics $100M San Francisco, CA-based developer of fibrosis treatments
Rokk3r Fuel PredaSAR $25M Boca Raton, FL-based developer of a synthetic aperture radar satellite constellation
Bessemer Venture Partners, Vy Capital, Andreessen Horowitz, YC, DCVC, FF Science, AME Cloud Ventures, Morado Ventures, WTI Rigetti Computing $71M Berkley, CA-based developer of quantum computing for AI and computational chemistry
Susquehanna International Group, Morningside Group, SMiT, Palm Commerce Holdings Co., Chariot Gold, SV Tech Ventures, Innolinks Ventures Sensel $22M Sunnyvale, CA-based developer of pressure-sensitive touchpad devices
Craft Ventures, Redpoint Ventures, Goldcrest Capital Sourcegraph $23M San Francisco, CA-based provider of universal code search for companies
Flare Capital Partners, Breyer Capital, Epsilon Health, First Round Capital, Venroc Suki $20M Redwood City, CA-based developer of a voice-enabled digital clinical assistant
Cornerstone OnDemand, HTC, Farmers Insurance Exchange Talespin $15M Los Angeles, CA-based provider of AR/VR workforce training
Founders Fund, Khosla Ventures, DCM, Bling Capital Tempo $17.5M San Francisco, CA-based connected home fitness system
Draper Esprit, Lloyds Banking Group, IQ Capital, Backed, Playfair Capital Thought Machine $83M London-based core banking platform
Zeev Ventures, Lennar Ventures Veev $85M San Mateo, CA-based developer of smart home materials and systems
Silver Lake, CPPIB, Mubadala Investment Co., Alphabet, Andreessen Horowitz, AutoNation, Magna International Waymo $2.25B Mountain View, CA-based self-driving unit of Alphabet
Takeda Ventures, SV Health Investors, MRL Ventures Fund, RiverVest Venture Partners, Bay City Capital, Solasta Ventures, M Ventures, Ipsen Ventures, F-Prime Capital, Atlas Venture Xilio Therapeutics $100.5M Waltham, MA-based developer of tumor-selective immuno-oncology therapies

March 5th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Feb 19-26, 2020

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.

PE and VC Firms Fundraising Location Amount Description
Corsair Capital  New York, NY $1B Fifth private equity fund 
Fifth Wall Ventures Los Angeles, CA $100M Fifth Wall Ventures Retail Fund
Lakestar Zurich, Switzerland $735M European investment funds
M33 Growth Boston, MA $260M Second fund
MPM Capital Boston, MA $100M MPM Oncology Innovations Fund (INV)
QED Investors Alexandria, VA $350M Sixth fund
Ridgewood Infrastructure New York, NY $600M Debut private equity fund
Speedinvest Vienna, Austria €190 m Third pan-European VC fund
Ubiquity Ventures Palo Alto, CA $40M Second fund

Private Equity Investors Company  Amount Description
TA Associates AffiniPay Undisclosed Austin, TX-based payments tech company
BlackRock Long Term Private Capital Creed Undisclosed London-based luxury fragrance company
Sverica Capital Management Cytracom Undisclosed Allen, TX-based provider of cloud-based voice and messaging solutions for MSPs
Siris Capital Digital River $50M Minneapolis, MN-based e-commerce enabler for brands
Brookstone Partners Hudson Valley Undisclosed New Hampton, NY-based mitigation and restoration company
The Blackstone Group  iQ £4.66B British student housing company
The Stephens Group Kele Undisclosed Memphis, TN-based distributor of building automation peripherals and controls solutions
The Carlyle Group Mak-System Undisclosed Brussels-based provider of blood management software
Align Capital Partners Marco Rubber & Plastics Undisclosed Seabrook, NH-based distributor of elastomer components
NEXT Investors NorthPoint Undisclosed Reston, VA-based product suite and technology consulting practice
Wynnchurch Capital Penn Machine Undisclosed Aston, PA-based maker of high-pressure forged fittings and branch connections
Industrial Opportunity Partners PolyVision Undisclosed Johns Creek, GA-based maker of surfaces used in whiteboards and chalkboards
BV Investment Partners TopBloc Undisclosed Chicago, IL-based Workday services partner
Hellman & Friedman, Blackstone Group Ultimate Software and Kronos Undisclosed Merger to create one of the largest human capital management (HCM) and workforce management cloud solutions
Searchlight Capital Partners, ForgeLight Univision Undisclosed Nation’s largest Spanish-language broadcaster

Venture Capital Investors Company  Amount Description
Xeraya Capital, Longview Ventures, Catalyst Health Ventures, BioStar Ventures, Cedar Point Capital, Frontcourt Group Aria CV $31M St. Paul, MN-based developer of medical devices for treating pulmonary arterial hyperextension
Acrew Capital, Munich Re Ventures, Khosla Ventures, Lightspeed Venture Partners, Shlomo Kramer At-Bay $34M Mountain View, CA-based cybersecurity insurance startup
SoftBank Vision Fund 2 Behavox $100M New York-based provider of compliance and employee-monitoring software
Undisclosed DigitalOcean $100M New York-based cloud infrastructure company
Cobalt Capital, Spark Capital, Kleiner Perkins, Bain Capital Ventures, Y Combinator, SV Angel, PJC, Fuel Capital, Wildcat Capital Management  Feather $30M New York-based furniture rental servic
SignalFire, GLP Capital Partners Flock Freight $50M Solana Beach, CA-based freight logistics matching platform
LS Corp., Forte Ventures, Dell Technologies Capital, Intel Capital, Saudi Aramco Energy Ventures, Honeywell Ventures, GE Ventures, Robert Bosch Venture Capital, March Capital Partners, Darling Ventures FogHorn $25M Sunnyvale, CA-based provider of edge computing intelligence software
Dell Technologies Capital, Iconiq Capital, Tiger Global Management, Kearny Jackson, Alpha Square Group HeadSpin $60M Palo Alto, CA-based provider of mobile app performance software
Health Velocity Capital, USVP, Chicago Ventures, Epic Ventures HealthJoy $30M Chicago, IL-based employee benefits platform
Anterra Capital Invetx $15M Boston, MA-based veterinary medicine startup
14W, Mangrove Capital, Anthem, Lerer Hippeau, Primary Ventures K Health $48M New York-based digital primary care service
SoftBank Vision Fund 2 Karius $165M Redwood City, CA-based startup that tests for and identifies infectious diseases
Norwest Venture Partners, Shasta Ventures, Kleiner Perkins, Canaan, Launchub Leanplum $27M San Francisco, CA-based provider of customer engagement software tools
Breakthrough Energy Ventures, The Engine, Lowercarbon Capital, The Grantham Foundation Lilac Solutions $20M Oakland, CA-based lithium mining technology company,
Dawn Capital, Battery Ventures, Goldman Sachs, ProSieben, Qumra Capital, Vintage Investments, Gemini Ventures, North Base Media, La Maison, Remagine Ventures, Hamilton Lane, Maor Investments Minute Media $40M New York-based sports media company that recently acquired The Player’s Tribune
RPS Ventures, Founder’s Circle Capital, IAC, Foundry Group, Crosslink Capital, Uncork Capital, TransLink Capital Molekule $58M San Francisco, CA-based developer of connected indoor air purifiers
DCVC Bio, 8VC, Novo Holdings, Future Tech Labs, AgFunder, Susa Ventures, Cthulhu Ventures, Wireframe Ventures MycoWorks $17M San Francisco, CA-based developer of a leather alternative
Charter Communications, Qualcomm, Belkin, Service Electric Cablevision, Liberty Global, Shaw Communication Plume $60M Palo Alto, CA-based consumer experience management platform for smart home services
Toyota $462M California and China-based self-driving car startup
Andreessen Horowitz Q Bio $40M San Carlos, CA-based quantitative, clinically-relevant assessment of personal human health
CDK Global, Kleiner Perkins, GV, SVB, Lux Capital, Tyche Partners, Icon Ventures, Baidu, Steve Wozniak Ripcord $45M Hayward, CA-based robotics digitization startup
Andreessen Horowitz, Temasek, Tencent, Altos Ventures, Meritech Capital, Tiger Global Management Roblox $150M San Mateo, CA-based gaming platform
BlackRock, Intel Ventures, GV, Walden International, WRVI Capital, Redline Capital SambaNova Systems $250M Palo Alto, CA-based developer of software-defined AI hardware
Salesforce Ventures, Silver Lake ServiceMax $80M Pleasanton, CA-based provider of field service management software
ABS Capital Partners, Causeway Media Partners, Jim Lombardi SquadLocker $20M Warwick, RI-based provider of custom apparel and equipment purchasing software for teams and organizations
Jump Capital, Granite Point Capital, Jerry Hausman, Ed Baker Teikametrics $15M Boston, MA-based startup that offers tools to brands and sellers on Amazon and Walmart
Georgian Partners, Insight Partners, Ignition Partners Tractable $25M London-based insuretech startup
Aquiline Technology Growth, World Innovation Lab, Goldman Sachs Unqork $51M New York-based no-code enterprise app platform
NextWorld Van Leeuwen $18.7M Brooklyn, NY-based artisanal ice cream brand

February 28th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Feb 12-19, 2020

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.

PE and VC Firms Fundraising Location Amount Description
Align Capital Partners Dallas, TX and Cleveland, OH $450M Second private flagship fund
ForgePoint Capital San Francisco, CA $450M Second fund
Marcy Venture Partners San Francisco, CA $85M Flagship venture capital fund
Odyssey Investment Partners New York, NY $3.25B Sixth middle-market buyout fund
Pamlico Capital Charlotte, NC $1.4B Fifth flagship fund

Private Equity Investors Company  Amount Description
TA Associates Auction Technology Group Undisclosed London and Omaha, NE-based online auctions platform
Platinum Equity Biscuit International Undisclosed Paris-based manufacturer of private label cookies
Amherst Residential Front Yard Residential Undisclosed U.S. Virgin Islands-based real estate investment trust company
Thompson Street Capital Partners Len the Plumber Undisclosed Baltimore-DC metropolitan-based full-service residential plumbing contractor

Private Equity Investors Company  Amount Description
Norwest Venture Partners, Menlo Ventures, True Ventures, Khosla Ventures, First Round Capital, Ram Shriram, Maynard Webb Investment Aisera $20M Palo Alto, CA-based robotic process automation startup
Integrity Growth Partners Algo $15M Troy, MI-based supply chain technology company
WAVE Equity Partners, Chevron Technology Ventures, Marubeni Corporation Carbon Clean Solutions $16M London-based carbon dioxide separation technology company
Goldman Sachs, Tiger Global Management, Adage Capital Management Flywire $120M Boston, MA-based vertical payments company
Morgan Stanley Expansion Capital, NewView Capital, Upfront Venture GumGum $22M Santa Monica, CA-based computer vision and natural language processing company
ForgePoint Capital Huntress Labs $18M Elliott City, MD-based cybersecurity startup
CDC Group iMerit $20M Los Gatos, CA-based data annotation and enrichment company
Icon Ventures, Sequoia Capital, Oak HC/FT, Spring Mountain Capital, Female Founders Fund, Harmony Partners, Reese Witherspoon, Natalie Portman, Mindy Kaling Maven $45M New York-based company providing employee benefits focused on women’s health and family planning
Coatue Management, Insight Partners OneTrust $210M Atlanta, GA-based cybersecurity company
NEA, 8VC Outrider $53M Golden, CO-based startup developing robots for warehouse yards
Optum Ventures Scipher Medicine $25M Waltham, MA-based developer of a molecular technology platform
Insight Partners, Tiger Global Management, Qualcomm Ventures LLC, Vista Public Strategies of Vista Equity Partners, Third Point Ventures SentinelOne $200M Mountain View, CA-based cybersecurity company
Bessemer Venture Partners, TPG, Greenoaks Capital, Tiger Global Management, Durable Capital Partners, TCV, G Squared, Light Street Capital, Alta Park Capital Toast $400M Boston, MA-based maker of payment processing hardware and software for restaurants
Benesse Holdings Udemy $50M San Francisco, CA-based online education company
Artiman Ventures, Robert Bosch Venture Capital, Abies Ventures, Asahi Kasei Corporation, Hui Capital, Sony Innovation Fund UltraSense Systems $20M San Jose, CA-based maker of touch user interface technology using 3D ultrasound
Sequoia Capital India, Eight Roads Ventures, F-Prime Capital, Cisco Investments Whatfix $32M San Jose, CA-based provider of digital enterprise tool
Intel Capital, NEA, Highland Capital Partners, Redline Capital Management, Hercules Capital, Core Capital ZeroFox $74M Baltimore, MD-based cybersecurity company

February 20th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Feb 5-12, 2020

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.

PE and VC Firms Fundraising Location Amount Description
A/O PropTech London, England €250M Debut fund
Battery Ventures Boston, MA $2B Battery Ventures XIII $1.2B fund and Battery Ventures XIII Side fund with $800M
KKR New York, NY $1.3B First global impact investing fund

Private Equity Investors Company  Amount Description
Post Capital Partners Agile Sourcing Partners Undisclosed Corona, CA-based BPO company for the electric and gas utility, commercial construction, security, and telecom markets
AE Industrial Partners American Pacific Undisclosed Cedar City, UT-based chemical manufacturer for U.S. government military and space programs
Apax Partners Cadence Education Undisclosed Scottsdale, AZ-based early childhood education provider
Industrial Opportunity Partners Competition Cams Undisclosed Memphis, TN-based maker camshaft and valvetrain-related components for the automotive aftermarket
 Investcorp Fortune International Undisclosed Bensenville, IL-based distributor of seafood and gourmet food products
Trilantic North America Gorilla Commerce Undisclosed Westport, CT-based direct-to-consumer home and pet product development platform
One Rock Capital Partners Innophos $932M Cranbury, NJ-based food additives maker
Entrepreneurial Equity Partners Kronos Foods Corp. Undisclosed Glendale Heights, IL-based provider of Mediterranean food products
Gryphon Investors Pacur Undisclosed Oshkosh, WI-based provider of specialty plastic packaging materials for the medical device industry
Brentwood Associates Parchment Undisclosed Scottsdale, AZ-based digital credentialing service
EQT Partners Rimes Technology Undisclosed New York-based provider of financial data management and regulatory software
Westhook Capital Santa Rita Landscaping Undisclosed Tucson, AZ-based provider of commercial landscaping services
RedBird Capital Partners, CJ Entertainment, Tencent Skydance Media Undisclosed Hollywood, CA-based film studio 
Morgenthaler Private Equity Teel Plastics Undisclosed Baraboo, WI-based manufacturer of custom plastic tubing
Washington Equity Partners Tube Bending Undisclosed Apple Valley, CA-based manufacturer and fabricator of tubing and tubing assemblies

Venture Capital Investors Company  Amount Description
AccelFoods, New Crop Capital, Green Monday Ventures, Blue Horizon Alpha Foods $28M New York-based provider of vegetarian prepared meals
Venrock, Andreessen Horowitz Astranis $90M San Francisco, CA-based commercial satellite startup
Insight Partners Carbon Relay $63M Boston, MA-based startup focused on optimizing app performance in Kubernetes environments
ForgePoint Capital, Trend Forward Capital Cysiv $26M Dallas, TX-based SOC-as-a-service startup
WRVI Capital, Dell Technologies Capital, Redline Capital, Acorn Pacific Ventures Datometry $17M San Francisco,CA-based data warehouse virtualization startup
Millennium New Horizons, Unbound, LG, Nvidia Deep Instinct $43M US-Israeli cybersecurity startup
Osparie Ag Science, Spark Capital Freight Farms $15M Boston, MA-based maker of vertical-farming containers
super[set], Ridge Ventures Habu $15M US based developer of “omni-channel orchestration for the entire customer journey
blisce,  Waverley Capital, Times Bridge Headspace $53M Santa Monica, CA-based meditation app maker
Cyrus Capital Partners, State Farm Ventures, Upfront Ventures, FirstMark Capital, Greycroft HopSkipDrive $22M Los Angeles, CA-based ride-share company focused on kids and families
Northpond Ventures, Genoa Ventures, Vertical Venture Partners Intabio $18M Newark, CA-based developer of instrumentation systems for biotherapeutic precision analysis and quality assessment
Premji Invest, Cox Enterprises, Temasek F-Prime Capital, Devonshire Investors, .406 Ventures, Flare Capital Partners, Polaris Partners, Khosla Ventures Iora Health $126M Boston, MA-based primary care provider that focuses on Medicare patients over 65
Bain Capital Life Sciences, Andera Partners, GIMV, Legend Capital, NeoMed Management, RMM, Valiance Life Sciences, VI Partners JenaValve Technology $50M Irvine, CA-based developer of replacement heart valves
Greycroft, Maveron, Abstract Ventures Landing $20M San Francisco, CA membership-based provider of finished urban apartments
Eight Roads, F-Prime Capital, Matrix Partners India, Ventureast MoEngage $25M San Francisco, CA and Bangalore-based customer engagement and insights startup
Sequoia Capital, CPPIB, PSP Investments, Lightspeed Venture Partners, Accel, Base Partners, Iconiq Capital, Sapphire Ventures, Geodesic Capital, Social Capital Netskope $340M Los Altos, CA-based cloud access security broker,
Accel, Two Sigma Ventures, Heavybit, Prime Set, Bedrock Capital Radar $20M Brooklyn, NY-based location data infrastructure startup
Dragoneer Investment Group, Salesforce Ventures, Altimeter Capital, Iconiq Capital, Madrona Venture Group, Redpoint Ventures, Sequoia Capital, Sutter Hill Ventures Snowflake $479M San Mateo, CA-based cloud data warehousing company
Arch Venture Partners, Milky Way Ventures, 8VC, Lyell Immunopharma Sonoma Biotherapeutics $40M San Francisco, CA and Seattle, WA-based developer of regulatory T-cell treatments for autoimmune and neurodegenerative diseases
Cardinal Health, Novartis, Gilead Sciences, Canaan Partners, Threshold Ventures, Section 32, LifeForce Capital, Casdin Capital, Hive Ventures Vineti $35M San Francisco, CA-based developer of logistics software for cell and gene therapies

February 14th, 2020|Scherzer Deal Report|