About MScherzer

This author has not yet filled in any details.
So far MScherzer has created 143 entries.

The Scherzer Deal Report: April 2-9, 2021


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.


PPE and VC Firms


New York, NY
$4.8B
Third global renewable power fund
 
New York, NY
$1B
Fifth private credit fund
 
San Francisco, CA
$11.7B
10th flagship buyout fund and an overage fund
 
New York, NY
$400M
Third NAV-based loan fund
 
San Francisco, CA
$200M
First dedicated seed fund
 
New York, NY
$15B
Fourth Asia fund
 
Atlanta, GA
$25M
Debut fund
 
Austin, TX
$2B
Third fund
 
San Francisco, CA
$600M
Third fund

Private Equity Investors


KKR
$500M
Silicon Valley cloud content management company
 
Platinum Equity
Undisclosed
Ann Arbor, MI-based maker of kitchen and bath cabinets
 
Berkshire Partners
Undisclosed
Boston, MA-based provider of telecom data analytics
 
H.I.G. Capital
Undisclosed
Hopkins, Minn.-based consulting and digital transformation firm
 
Kelso & Co.
Undisclosed
Piscataway, NJ-based foodservice distributor to Italian restaurants and pizzerias
 
Berkshire Partners
Undisclosed
Merrillville, IN-based maker of Black hair care products
 
D1 Capital Partners, Tiger Global, Investment Group of Santa Barbara
Undisclosed
Rochester, MI-based corporate performance management software company
 
McNally Capital
Undisclosed
McLean, VA-based provider of intelligence and national security advisory and software services
 
Vista Equity Partners
Undisclosed
Draper, UT-based provider of workforce development software
 
KKR
$3.37B
San Diego, CA-based energy infrastructure company
 
Providence Strategic Growth
Undisclosed
Madison, WI-based provider of mass notification software for safety, emergency and workflow communications
 
KKR
$1.5B
Birmingham, AL-based provider of mental and behavioral health practice management software
 

Venture Capital Investors


General Catalyst, Boston Seed Capital, Golden Ventures, Manifest, Morningside, Victress Capital
$30M
Boston, MA-based personal experience platform
 
Ajax Strategies, Eclipse Ventures, Quiet Logistics, Bee Partners, Acorn Pacific Ventures
$20M
Emeryville, CA-based provider of last-mile logistics
 
Cleveland Avenue, Stanley Ventures
$20M
Chicago, IL-based maker of premium cocktails
 
Inspired Capital, IA Ventures
$17M
San Francisco, CA-based electronic health records company
 
Accel, Amity, S28 Capital, Sequoia Capital, YC
$46M
San Francisco, CA-based no-code sales commission platform
 
Tiger Global
$100M
San Francisco, CA-based conversational messaging platform
 
Commerce Ventures, Vertical Venture Partners, Healthy Ventures, Collaborative Fund, Fairview Capital, CT Innovations, I2BF Global Ventures
$15M
New Haven, CT-based platform that modernizes patient payments
 
Fidelity, T. Rowe Price
$150M
Boulder, CO-based genome engineering company
 
Tiger Global, Casdin Capital, Iconiq, Andreessen Horowitz, SVB Capital
$220M
San Francisco, CA-based maker of digital healthcare maps
 
Velvet Sea Ventures, Team Hero, Greycroft, Loeb.nyc
$26M
San Diego, CA-based online grocery platform for small retailers
 
Insight Partners, Uncorrelated Ventures, Jeremy Stoppleman, David Glazer, Michael Ovitz, Kleiner Perkins, Quiet Capital
$25M
San Francisco, CA-based remote management platform for customer-facing teams
 
Tiger Global, Woodline Partners, Wellington Management, Lone Pine Capital, NEA, Glade Brook Capital, DFJ Growth
$155M
San Francisco, CA-based platform that connects creators with paying fans
 
Meritech Capital Partners, Sequoia Capital, True Ventures, Khosla Ventures
$54M
San Francisco, CA-based microbiome startup
 
B Capital Group, Dragoneer, OMERS, GoldenArc Capital
$100M
Ambler, PA-based talent experience platform
 
WI Harper Group, Aspiro Capital Management, Vantage Point Ventures
$20M
Palo Alto, CA-based provider of open-networking software
 
General Catalyst, WRVI Capital
$25M
Santa Clara, CA-based app experience infrastructure startup
 
D1 Capital Partners, Stripe
$115M
New York, NY-based provider of digital corporate cards and spend management software
 
Craft Ventures, Luxor Capital
$15M
New York, NY-based build-your-own gift box platform
 
Lightspeed Venture Partners, Walden International, BlackRock, Greylock, GV, In-Q-Tel, Nepenthe Capital
$35M
Palo Alto, CA-based provider of data labeling solutions for machine learning
 
Gradient Ventures, GGV Capital
$35M
San Francisco, CA-based provider of developer tools for building ML applications
 
Inovia Capital, Forerunner Ventures, Shopify, Golden Ventures, Trucks VC
$17.5M
San Francisco, CA-based provider of same-day retail delivery services
 
Horizons Ventures, Equinor Ventures and insiders The Engine, Evok Innovations, the GOOSE Society of Texas
$23M
Houston, TX-based developer of photocatalyst for industrial energy industries
 
Fidelity, Surveyor Captial, Ikarian Capital, Janus Henderson, Opaleye Management
$70M
Bethesda, MD-based biotech focused on inflammatory eye disease
 
Vida Ventures, Catalio Capital Management, Polaris Partners, Droia Ventures, Arch Venture Partners, Quark Venture
$44M
New York, NY-based biotech focused on metastatic cancer
 
En Pointe, EPIQ Capital Group, Bonfire Ventures, Bullpen Capital, Cherubic Ventures, ValueStream Ventures
$21M
San Francisco, CA-based wealth intelligence platform
 
April 13th, 2021|Scherzer Deal Report|

The Scherzer Deal Report: March 26-April 2, 2021


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.


PPE and VC Firms


Greenwich, CT
$3.1B
Fourth flagship buyout fund
 
New York, NY
$3B
First private equity secondaries
 
Portola Valley, CA
$350M
Third fund
 
San Francisco, CA
$100M
VC fund-of-funds
 
Short Hills, NJ
$1.2B
Fund to extend Terra-Gen ownership
 
Los Angeles, CA
$20M
Second fund
 
New York, NY
$134M
Second VC fund
 
New York, NY
$6.65B
13th flagship growth equity fund
 
Boulder, CO
$1.25B
Third sustainable asset fund
 
New York, NY
$225M
Second prop-tech VC fund
 

Private Equity Investors


Thoma Bravo
Undisclosed
San Mateo, CA-based provider of visual test automation software
 
Francisco Partners
Undisclosed
Dallas, TX-based legal education company
 
Thomas H. Lee Partners
Undisclosed
Austin, TX-based provider of product review and user-generated content solution
 
Aurora Capital Partners
Undisclosed
Baltimore, MD-based medical waste collection company
 
Align Capital Partners
Undisclosed
Miami, FL-based formulator and contract manufacturer for animal health
 
Ethos Capital, The Baupost Group, Neuberger Berma
Undisclosed
Seattle, WA-based portfolio of website domains
 
Vista Equity Partners
Undisclosed
Austin, TX-based provider of data software to EMS, fire departments, hospitals and trauma offices
 
Vestar Capital Partners
$100M
Denver, CO-based health insurer
 
H.I.G. Capital
Undisclosed
Cedar Rapids, IA-based provider of digital marketing services to SMBs
 
Shore Capital
Undisclosed
Vancouver, WA-based customer packaging distribution firm
 
Cornell Capital
Undisclosed
Carrollton, TX-based nutritional supplements maker
 
ECP Liberty
Undisclosed
Pittsburgh, PA-based tire recycling company
 
TPG Rise Fund, Rabobank, S2G Ventures
$335M
Los Angeles, CA-based portfolio of plant-based food brands
 
Odyssey Investment Partners
Undisclosed
Hampton, NH-based alliance of independent insurance agencies
 

Venture Capital Investors


D1 Capital Partners, Sapphire Ventures, Tiger Global, Insight Partners
$125M
San Francisco, CA-based account engagement platform
 
Next Coast Ventures, Mercury Fund, KEC Ventures, Royal Street Ventures, Aspen Capital Group
$15M
Chicago, IL-based workflow platform for safety and risk management
 
8VC, Presight Capital, Peter Thiel, Mubadala Capital, Founders Fund, Gaingels, insiders Luma Bio-IT, Alexandria Venture Investments, Ulysses Diversified Holdings
$75M
Lexington, MA-based drug discovery startup
 
Venrock, Workday Ventures, B Capital Group, Engineering Capital, Firebolt Ventures, Neotribe Ventures
$15.5M
Santa Clara, CA-based provider of automation solutions for corporate finance teams
 
General Catalyst, Insight Partners, New Leaf Venture Partners, Eclipse Ventures
$101M
San Jose, CA-based digital health platform for biopharma and medtech
 
E.ventures, GV, Amazon Alexa Fund, United Talent Agency, SoftBank Vision Fund 2, Valor Equity Partners, Counterpoint Global, Lightspeed Venture Partners, Kleiner Perkins, Chernin Group, Origin Ventures, Spark Capital
$100M
Chicago, IL-based startup that lets fans pay for personalized videos from celebrities
 
Andreessen Horowitz, Index Ventures, Sequoia Capital, S Capital, Spark Capital, SVB Capital, Citi, J.P. Morgan, State Street
$90M
New York, NY-based SaaS platform for helping banks pool trading resources
 
Morningside Group
$35M
Boston, MA-based freelancer marketplace
 
Blue Venture Fund, 7wire Ventures, Drive Capital, Colorado Impact Fund
$20M
Denver, CO-based provider of on-demand virtual health service
 
Tiger Global, Kinnevik AB, Maverick Ventures, General Catalyst, Wellington Management, Thrive Capital, Redpoint Ventures, Echo Health Ventures, 8VC, Goldman Sachs Asset Management
$192M
Brooklyn, NY-based healthcare provider for lower-income communities
 
Transformation Capital, Glynn Capital, PruVen Capital, Gaingels, Greylock, NEA, Felicis Ventures
$40M
San Francisco, CA-based family benefits platform
 
Viking Global Investors, Senator Investment Group, AiiM Partners, Trousdale Ventures
$60M
Troy, NY-based developer of alternatives to foam packaging
 
Wellington Management, Redmile Group, TCG Crossover, Greenspring Associates, Point72, QIA, Moore Strategic Ventures, Goldman Sachs, CureDuchenne Ventures, 5AM Ventures, MPM Capital, Roche, MRL Ventures Fund, Agent Capital
$116M
Boston, MA-based biotech focused on neuromuscular diseases like Duchenne muscular dystrophy
 
Oak HC/FT, Fidelity, Nyca Partners, Sound Ventures, ThirdStream Partners, Urban Innovation Fund, Kapor Capital
$29M
New York, NY-based asset management platform that powers personalization for advisors
 
D1 Capital, Tiger Global, Iconiq, Susquehanna Growth Equity
$300M
Houston, TX-based provider of receivables software
 
CityRock Venture Partners, New General Market Partners, Gaingels, Interplay Ventures, Relevance Ventures, Towerview Ventures, WorldQuant Ventures
$36M
New York, NY-based messaging tech startup
 
Bain Capital Ventures, Acrew Capital
$87.5M
Boston, MA-based provider of multi-cloud backup and recovery services
 
Felicis Ventures, Bill Ackman, Maverick Ventures, Elephant VC, FJ Labs, Global Founders Capital
$21M
New York, NY-based video conferencing platform with real-time multilingual interpretation
 
XN, SoftBank Vision Fund 2, LVP, Benchmark, Bitkraft, Correlation Ventures, Epic Games
$100M
San Mateo, CA-based multiplayer game creation platform
 
FinTLV Ventures, Battery Ventures, CapitalG, Group 11, Zeev Ventures, Founders Circle, G Squared
$250M
Palo Alto, CA-based small businesses insurance
 
Flagship Pioneering, Fidelity, Invus, BlackRock, Cowen, Point72, Logos Capital, Mirae Asset Capital
$126M
Cambridge, MA-based epigenomics company
 
Magnetar Group, Yonjin Venture, Bering Capital, RiverVest Venture Partners, QIA, Redmile Group, Helsinn Investment Fund, Canaan Partners, Arch Venture Partners 
$40.6M
Seattle, WA-based immune-oncology startup
 
Artis Ventures, Lyell Immunopharma, Abstract Ventures, Civilization Ventures, Mubadala, Playground Global, Sahsen Ventures, WRF Capital
$30M
Seattle, WA-based developer of smart cell therapies
 
Greenspring Associates
$150M
Miami, FL-based B2B financing platform for SaaS companies
 
IVP, Atlassian, Accel, Norwest Venture Partners, Okta
$45M
Palo Alto, CA-based SaaS management platform
 
Arix Bioscience, RTW Investments, Perceptive Advisors, RA Capital Management, Pfizer Ventures, BVF Partners, Janus Henderson, Cormorant, HBM Healthcare, Tekla Capital, Acuta Capital Partners, Ridgeback Capital Investments, Surveyor Capital, Laurion Capital Management, Logos Capital, LifeSci Venture Partners
$152M
Cambridge, MA-based cancer biologics startup
 
Avoro Ventures, OrbiMed, Andreessen Horowitz, Perceptive Advisors, T. Rowe Price, Wellington Management, RA Capital Management, Menlo Ventures
$100M
Alameda, CA-based molecular engineering startup
 
Peak6, Upper90, WTI, River Park Ventures
$100M
New York, NY-based acquirer of Amazon third-party private-label businesses
 
Stone Court Capital, Highline Capital
$77M
Boston, MA-based weather intelligence platform
 
Dragoneer, Cobalt Capital, L Catterton, Sapphire Ventures, private individuals
$250M
San Francisco, CA-based at-home strength and personal training platform
 
Apple, Alphabet, Andreessen Horowitz
$50M
Brooklyn, NY-based distribution platform for musicians
 
Rhapsody Venture Partners, Impossible Ventures
$15M
Somerville, MA-based provider of navigation systems for self-driving cars
April 6th, 2021|Scherzer Deal Report|

The Scherzer Deal Report: March 22-26, 2021


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.


PPE and VC Firms


New York, NY
$50M
Third fund
 
New York, NY
$70M
Third fund
 
Zug, Switzerland
$786M
Fifth secondaries vehicle focused on midmarket PE fund interests
 
San Francisco, CA
$850M
Ninth VC secondaries fund
 
Los Angeles, CA
$103M
Debut fund
 
New York, NY
$25M
Debut fund
 
New York, NY
$200M for second flagship fund and $100M for other funds
 
Boston, MA
$532M
New “continuation fund” to its fifth vehicle
 
St. Louis, MO
$275M
Fifth fund
 
New York, NY
€465M
The sixth fund focused on European lower mid-market companies
 

Private Equity Investors


New Harbor Capital
Undisclosed
Pontiac, MI-based at-home respiratory care company
 
Crescendo Capital Partners
Undisclosed
Provider of concrete repair, restoration, and installation of fluid-applied flooring systems
 
Serent Capital
Undisclosed
Torrance, CA-based provider of cloud software to professional services firms
 
Thoma Bravo
$3.75B
San Francisco, CA-based provider financial markets software
 
RLG Capital and Trinity Private Equity
Undisclosed
American Fork, UT-based online learning platform
 
Great Hill Partners, Centana Growth Partners, Millennium Technology Value Partner
$150M
Palo Alto, CA-based identity verification company
 
Encore Consumer Capital
Undisclosed
New York, NY-based provider of women’s health and wellness products like supplements and OTC suppositories
 
Susquehanna Private Capital
Undisclosed
Charlottesville, VA-based franchisor of home improvement brands
 

Venture Capital Investors


Third Rock Ventures, Boxer Capital, Invus, MBC Biolabs, YC
$55M
South San Francisco, CA-based developer of targeted immunotherapies for cancer
 
Matrix Capital Management, Surveyor Capital, Rock Springs Capital, Adage Capital Management, Velosity Capital, Medicxi, Advent Life Sciences, Lundbeckfonden Ventures, Arix Bioscience, Chiesi Ventures, Ysios Capital, Columbus Venture Partners
$80M
Cambridge, MA-based developer of VDC therapies for cancer
 
Spark Capital, Canaan Partners, Ten Eleven Ventures, Cyberstarts
$50M
San Mateo, CA-based zero-trust network access company
 
Accel, LinkedIn, Upfront Ventures, Ryan Smith, Omar Johnson, Michael Johnson
$40M
Palo Alto, CA-based enterprise event platform
 
Paradigm, TIME Ventures, Addition, Ribbit Capital
$100M
New York, NY-based blockchain analysis company
 
Eclipse Ventures
$18M
Cambridge, MA-based headless commerce startup
 
Define Ventures, Frist Cressey Ventures, Kaiser Permanente Ventures, SpringRock Ventures, Providence Ventures
$20M
Renton, WA-based healthcare access optimization startup
 
Spectrum Equity, Centana Growth Partners, Propel Venture Partners, Freestyle Capital, Compound Ventures, Upside Partnership
$41MSan Francisco, CA-based HR and benefits platform
 
Qatar Investment Authority, Charlesbank Capital Partners, Vulcan Capital
$200M
San Francisco, CA-based maker of plant-based eggs
 
OMERS Growth Equity, Kaiser Permanente Group, McKesson Ventures, B Capital Group
$153M
San Mateo, CA-based health data analytics platform
 
KKR, Sapphire Ventures, Citi Ventures
$200M
San Mateo, CA-based provider of anti-fraud tools to financial services companies
 
Mithril Capital
$50M
Mountain View, CA-based developer of AI chips for edge computing
 
Advocate Aurora Health
$25M
San Francisco, CA-based telenutrition startup
 
Thomas H. Lee Partners, Qualcomm Ventures, Volvo, Zebra Technologies, August Capital, CEAS Investments, Hyde Park Angels, Hyde Park Venture Partners, Bain Capital Ventures
$100M
Chicago, IL-based supply chain visibility platform
 
Blackstone Growth
$100M
San Francisco, CA-based provider of online mental health services
 
Redpoint eventures, Pearson Ventures, Daphni, Imaginable Futures, Reach Capital, Trinity Ventures
$20M
San Francisco, CA-based coding startup
 
Insight Partners
$15M
Seattle, WA-based provider of fresh food safety and traceability software
 
CRV, SuperSet, Ridge Ventures, Acrew Capital, SVB
$23M
Business data privacy and compliance automation platform
 
Tiger Global, Casdin Capital, Iconiq Growth, Andreessen Horowitz, SVB Capital
$220M
San Francisco, CA-based healthcare insights platform
 
Soros Fund Management, S&P Global, CPA.com
$53M
New York, NY-based enterprise crypto portfolio management software
 
Accelmed
$40M
Newton, MA-based maker of automatic pill dispensers
 
Fifth Wall, Tony Xu, Scott Cutler, Andreessen Horowitz
$53M
Lehi, UT-based self-storage marketplace
 
Canapi Ventures, CapitalG, Citi Ventures, Wells Fargo, True Bridge Partners, Camber Creek, Ludlow Ventures, NAR’s Second Century Ventures, Fifth Wall
$130M
Boston, MA-based remote online notarization platform
 
General Catalyst and Vivo Capital, First Round Capital, Manta Ray Ventures, XYZ Capital
$63M
San Francisco, CA-based developer of stem cell therapies for blood and immune diseases
 
Greycroft, Global Founders Fund, Acrew Capital, First American Financial, Shea Ventures, Amazon’s Jeff Wilke
$75M
second homeownership platform
 
Allianz, Acrew Capital, Greycroft, SVB Capital, SiriusPoint, Elefund, Moxley Holding
$118M
Provider of workers’ comp insurance for small businesses
 
8VC, Menlo Ventures, Conversion Capital, Meritech Capital, Fifth Wall, Base10 Partners
$15M
San Francisco, CA-based provider of the mortgage industry
 
SaaSIndex Ventures, Sequoia Capital, Madrona Venture Group
$100M
Seattle, WA-based social gaming platform
 
General Catalyst, FirstMark Capital, TQ Ventures, Altimeter, Baupost, Dragoneer, Shawspring, Radcliff, 776, SignalFire, Torch, BoxGroup
Ro 
$500M
New York, NY-based DTC pharmacy and primary care platform for men’s health
 
Tiger Global, Sequoia Capital Global, H.I.G. Growth, Arena Holdings, Battery Ventures, Bessemer Venture Partners, Dragoneer, Durable Capital Partners, ICONIQ Growth, Index Ventures, T. Rowe Price
$500M
Los Angeles, CA-based provider of software for tradespeople
 
Coatue, Trinity Ventures, Matrix Partners, Sapphire Ventures
$150M
San Francisco, CA-based real estate brokerage platform
 
Ping An, Pivot Investment Partners, Nationwide, Liberty Mutual, Intact Ventures, Tola Capital, Commerce Venture
$30M
Chicago, IL-based provider of claims management software
 
Fountain Healthcare Partners, Longwood Fund, Lumira Ventures, Sofinnova Investments, LSP
$22.6M
Malvern, PA-based developer of gene therapies for advanced coronary artery disease
March 30th, 2021|Scherzer Deal Report|

2021 UPDATE OF FCRA LITIGATION AND THE EFFECT ON EMPLOYMENT BACKGROUND SCREENING

Fair Credit Reporting Act (FCRA) lawsuits continue to rise with the number of complaints filed in federal courts showing a +5.3% increase in 2020 over 2019[1]. This continues a trend for FCRA litigation as it has consistently shown year-over-year growth since 2010. An issue that garners much attention in FCRA litigation is whether an employer’s disclosure and authorization forms violate the FCRA. Two federal appellate decisions address this issue and provide important guidance for employers on how to draft FCRA disclosure and authorization forms.

FCRA Disclosure and Authorization Forms

Employers that want to obtain a background check report about a job applicant or current employee must comply with the FCRA and provide to the individual a standalone document with a clear and conspicuous disclosure of the employer’s intention to do so, and obtain the individual’s authorization. By way of background, the principal appellate opinion on disclosure and authorization forms is the Ninth Circuit’s Gilberg v. California Check Cashing Stores, LLC, No. No. 17-16263 (January 2019). The Gilberg opinion made clear that any extraneous information in an FCRA disclosure form violates the FCRA’s requirement that the disclosure must be “in a document that consists solely of the disclosure” (the standalone requirement). The employer in Gilberg was found to have violated the standalone requirement by:

  1. Combining the authorization and disclosure into one document; and
  2. Including several state-related disclosures in the form.

Two important cases from 2020 that further addressed the requirements and limitations for the content of an FCRA disclosure form were issued by the Ninth Circuit in Walker v. Fred Meyer, Inc., No. 18-35592 (March 20, 2020) and Luna v. Hansen & Adkins Transport, Inc., No. 18-55804, (April 24, 2020).

In Walker v. Fred Meyer, the court indicated that background check disclosures may contain some concise explanatory language, but there is a limit to what is explanatory and what is unlawfully extraneous. Among other allegations, the plaintiff in Walker claimed that the FCRA disclosure violated the standalone requirement because, in addition to mentioning consumer reports, it also mentioned investigative consumer reports (a type of consumer report). The Ninth Circuit rejected this claim and ruled that mentioning investigative background checks in the disclosure does not violate the FCRA’s standalone requirement because investigative consumer reports are a subcategory or specific type of consumer report and as long as the investigative background check disclosures are limited to (1) disclosing that such reports may be obtained for employment purposes and (2) providing a very brief description of what that means.

The Ninth Circuit reviewed the employer’s disclosure in Walker in detail, which consisted of five paragraphs, and held that the first three paragraphs did not violate the standalone requirement, but that the last two paragraphs did because they may pull the individual’s attention away from their privacy rights protected by the FCRA. Here are the offending paragraphs in their entirety:

“You may inspect GIS’s files about you (in person, by mail, or by phone) by providing identification to GIS. If you do, GIS will provide you help to understand the files, including communication with trained personnel and an explanation of any codes. Another person may accompany you by providing identification.”

“If GIS obtains any information by interview, you have the right to obtain a complete and accurate disclosure of the scope and nature of the investigation performed.”

The plaintiff in Walker also claimed that the language of the employer’s authorization form, which was in a separate document was confusing and underscored the confusing and distracting nature of disclosure form, thus violating the FCRA’s standalone requirement. The Ninth Circuit rejected this argument because it found that the authorization form is not relevant to the FCRA disclosure form’s standalone requirement where the authorization is not included in the disclosure and is in a separate authorization form.

In Luna v. Hansen, the plaintiff claimed that the FCRA’s physical standalone requirement for hard-copy forms was a temporal one, i.e., the disclosure form should be presented to the individual separate from all other employment-related forms. The plaintiff in Luna had received one packet containing all forms. The Ninth Circuit rejected this argument and held that as long as the background check disclosure itself is in a standalone form, it can be presented with and at the same time as other employment documents.

Key Takeaways

Given the steady uptick in FCRA litigation, it is advisable for employers to review their FCRA disclosure and authorization forms on at least a yearly basis, or whenever important appellate opinions are issued, to ensure compliance with the FCRA. The attached forms from the Gilberg and Walker opinions provide clear examples of what to avoid in FCRA disclosure forms. In general, the guidance provided in the above-referenced opinions indicate that:

  • background check disclosure forms may contain some concise explanatory language, but there is a limit to what is explanatory and what is unlawfully extraneous;
  • background check disclosure forms may be presented at the same time as other materials, including application materials, as long as the background check disclosures are on a separate form; and
  • language in a separate authorization form has no impact on the disclosure form’s compliance with the FCRA standalone requirement.


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


March 23rd, 2021|Employment Decisions, Guidence, Judgment, Lawsuit|

Digital Spring Cleaning

Spring is traditionally a time when people do a deep cleaning of their homes. Have you thought about taking this one step further and doing a digital security deep clean? We recommend reviewing at least every quarter to minimize the risk of identity theft. Here are four steps to get you started to protect your personal data. 

  • Change your passwords. Your company probably automatically asks you to switch passwords every 4-6 weeks. But when is the last time you changed your passwords on your personal social media accounts, subscriptions, or places you shop? You should consider updating these passwords, too. In fact, old passwords can be easy ways for hackers to steal your identity. Delete old accounts you no longer use. You might be surprised to find that some of those are decades old with easily guessed passwords. When you choose your new passwords, do not repeat them across various accounts. You’re just making it easier to get hacked.
  • Review your social media accounts. Have you been cloned on Facebook, Instagram, or other social media platforms? Take a moment and search for yourself on these sites and see if you appear more than once. Don’t wait for your friends to send you a text saying, “I just got a friend request from you, but we’re already friends.” If you’ve been cloned, report it and change your passwords.
  • Avoid oversharing. Think twice before you overshare information or play a social media game that asks you to list personal information about yourself. These simple activities are ways that hackers gather your data. The latest high-risk trend is sharing a picture of your COVID vaccination record with your full name and date of birth clearly visible. Instead, consider sharing a photo of an “I got vaccinated” sticker. 
  • Have you been hacked? A cybersecurity FBI agent once told me, “It used to be a case of not if, but when you’ve been hacked. Now it’s a case of you’ve been hacked, and you either know it or don’t know it yet.” HaveIBeenPwned is one of several free sites where you can check if you’ve been caught up in a security breach.

These four steps will help you do a simple yet effective spring cleaning of your digital presence and protect your online identity. 

March 18th, 2021|Risk Management, Security, Social Media|

The Scherzer Deal Report: January 25-29, 2021


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
GGV Capital  Menlo Park, CA $2.52B New family of VC funds
Prime Movers Lab Jackson, WY $245M Second fund
TCV Menlo Park, CA $4B Eleventh flagship venture capital fund


Private Equity Investors Company  Amount Description
Health Enterprise Partners  Aware Recovery Care Undisclosed Wallingford, CT-based in-home addiction treatment company
Charger Investment Partners B&B Coffeehouse Undisclosed Sandy, UT-based coffeehouse operator
Shamrock Capital  Bayard Advertising Undisclosed New York, NY-based recruitment marketing company
Envest Capital Partners  Bell & Williams Associates Undisclosed Windham, NH-based collection agency
TPG  Certify Undisclosed Portland, ME-based provider of privileged access management solutions
Andreessen Horowitz Clubhouse $100M San Francisco, CA-based audio social network
Mill Rock Capital DRT Holdings Undisclosed Dayton, OH-based manufacturer of specialized components, precision tools and container systems
General Atlantic Equality Health Undisclosed Phoenix, AZ-based population health risk management company
EQT Exeter Property Group $1.87B Conshohocken, PA-based real estate investment manager
Climate Adaptive Infrastructure, Trilantic North America Intersect Power $127M San Francisco, CA-based developer of utility-scale renewable energy
Citadel, Point72 Asset Management Melvin Capital Management $2.75 b New York, NY-based hedge fund
Bain Capital Double Impact Multi-Specialty HealthCare Undisclosed Baltimore, MD-based provider of outpatient post-traumatic injury care and physical rehabilitation
Praesidian Capital Round 2 Undisclosed South Bend, IN-based maker of collectibles like model car kits
LLR Partners, NewSpring Capital, PNC Bank SparkPost $180M Columbia, MD-based email optimization company
San Francisco Equity Partners SV Labs Undisclosed Santa Cruz, CA-based maker of natural beauty and personal care products
Shore Capital Partners Tandem Undisclosed Westchester, IL-based provider of HR solutions to SMEs
JMI Equity TimelyMD $60M Fort Worth, TX-based telehealth provider focused on colleges
Providence Strategic Growth Traliant Undisclosed Manhattan Beach, CA-based provider of online compliance training for fostering inclusive workplaces
Blue Point Capital Partners Transtar Holding Undisclosed Cleveland, OH-based distributor of original equipment and aftermarket automotive products for the transmission and driveline repair market


Venture Capital Investors Company  Amount Description
Telstra Ventures, HarbourVest Partners, Qualcomm Ventures, Prologis Ventures, Defy Partners, Scale Venture Partners Airspace $38M Carlsbad, CA-based time-critical shopping startup
General Atlantic, CapitalG Albert $100M Walnut, CA-based financial advisory platform
Sixth Street Bloomreach $150M Mountain View, CA-based e-commerce experience company
Cat Rock Capital, Sprints Capital, OpenOcean, Piton Capital, VNV Global, Enern, Manta Ray Ventures Booksy $70M Chicago, IL-based booking platform for beauty companies
Threshold Ventures, Forerunner Ventures, Redesign Health Calibrate $22.5M New York, NY-based telemedicine metabolic health platform
Stripe, Thrive Capital Check $35M New York, NY-based payroll infrastructure startup
Josh Buckley ClassDojo $30M San Francisco, CA-based pre-K-8 communications app
D1 Capital Partners, Bessemer Venture Partners, Pitango, Atreides Management DriveNets $208M Red Bank, NJ-based developer of software-based routing solutions for service providers
Northpond Ventures, Deerfield Management, GV, Alexandria Venture Investments, Arch Venture Partners, Biomatics Capital, Decheng Capital, Tao Capital Partners, Nan Fung Life Sciences Encodia $75M San Diego, CA-based proteomics startup
Stripe Fast $102M San Francisco, CA-based provider of online checkout and identity products
Riverstone Holdings, BP, Energy Innovation Capital, TRIREC, Alumni Ventures Group FreeWire Technologies $50M San Leandro, CA-based EV charging company
Structural Capital IMVU $35M Redwood City, CA-based avatar-based social network
Felicis Ventures, 01 Advisors, Founders Fund, General Catalyst, Shasta Ventures, Silverton Partners, Springdale Venture, Stephen Curry Literati $40M Austin, TX-based book club subscription service
NEA and WestCap Group, Brookfield Asset Management, Riverstone Holdings Loanpal $800M Roseville, CA-based point-of-sale payment platform for solar and other home efficiency solutions
Addition, Durable Capital Partners, Fidelity, Baillie Gifford Lyra Health $187M Burlingame, CA-based provider of mental health care benefits for employers
Boathouse Capital, Sterling National Bank Mediafly $25M Chicago, IL-based sales enablement and content management firm
Coatue, Accel, Aleph, Bessemer Venture Partners, Corner Ventures, General Catalyst, Latitude Melio $110M New York, NY-based B2B payments platform for SMBs
Deerfield Management Nuvalent $50M New York, NY-based developer of lung cancer drugs for patients whose disease has proven resistant to current options
OCA Ventures, Greycroft, Valor Equity Partners, PSP Partners, Hyde Park Angels, Pritzker Group VC, Gaingels, Alumni Venture Group Ocient $40M Chicago, IL-based data analytics startup
Insight Partners, Salesforce Ventures, Sapphire Ventures, Innovation Endeavors, Vertex Ventures, Oryzn Capital OwnBackup $168M Englewood Cliffs, NJ-based cloud data protection platform
Tiger Global  Rhino $95M New York, NY-based deposit insurance startup
Ten Coves Capital, Stone Point Capital, Cota Capital, Mouro Capital, Colchis Capital, Point72 Ventures, JPMorgan Chase Roostify $32M San Francisco, CA-based home lending tech provider
Insight Partners, Wing VC, Team8, Operator Collective SetSail $26M San Mateo, CA-based sales comp platform
Periphas Capital ShipMonk $65M Fort Lauderdale, FL-based provider of e-commerce fulfillment solutions
Coatue, T. Rowe Price, 8VC, Bessemer Venture Partners, CPPIB, Sutter Hill Ventures Sila Nano $590M Alameda, CA-based battery materials company
Weatherford Capital SOMA Global $22.5M Tampa, FL-based provider of cloud tech services for law enforcement and fire departments
Alexa Fund, Munich Re Ventures Span $20M San Francisco, CA-based maker of smart electrical panels
Sapphire Ventures, Storm Ventures, NEA, DFJ DragonFund Splashtop $50M San Jose, CA-based remote access and support platform for businesses
TDK Ventures, Goodyear Ventures Starship Technologies $17M San Francisco, CA-based developer of delivery bots
BlackRock, RA Capital, Longwood Fund, 6 Dimensions Capital, Bessemer Venture Partners, GV, Novartis, Pitango HealthTec TScan Therapeutics $100M Waltham, MA-based developer of T-cell therapies for cancer
Leaps by Bayer, Continental Grain Co., PeakBridge Ventures, Skyviews Life Science, Fall Line Capital, Khosla Ventures, Innovation Endeavors, Marc Benioff Ukko $40M Palo Alto, CA-based biotech focused on eliminating food allergies and sensitivities
Lightspeed Venture Partners, GV Vectorized $15.5M San Francisco, CA-based streaming data tool

February 1st, 2021|Scherzer Deal Report|

The Scherzer Deal Report: January 18-22, 2021


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
Crossbeam Philadelphia, PA $25M Debut fund
Fort Point Capital Boston, MA $194M Second small cap fund
Growth Street Partners San Francisco, CA $130M Second fund
P4G Capital Management San Francisco, CA $209M Debut fund
Sheridan Capital Partners Chicago, IL $306M Second fund
Union Square Ventures  New York, NY $250M Latest early-stage fund
Union Square Ventures  New York, NY $162M First fund focused on climate tech startup


Private Equity Investors Company  Amount Description
Odyssey Investment Partners Applied Technical Services Undisclosed Marietta, GA-based provider of testing, inspection, and calibration services
I Squared Capital Atlantic Power $961M Boston, MA-based independent power producer with operations in 11 U.S. states and two Canadian provinces
Sycamore Partners Azamara Undisclosed Miami, FL-based boutique luxury cruise business with three ships
General Atlantic, The Vistria Group CareMetx Undisclosed Bethesda, MD-based hub services for patient access to specialty meds
Cohere Capital CCS Undisclosed Portland, OR-based direct-to-consumer retailer of streetwear and skateboard equipment
H.I.G. Capital Continental Batteries Undisclosed Dallas, TX-based cart battery maker
NovaQuest CoreRx Undisclosed Clearwater, FL-based contract development and manufacturing organization
Milestone Partners Cypress Group Undisclosed Baltimore, MD-based property and casualty insurer
Vestar Capital Partners Dr. Praeger’s Sensible Foods Undisclosed Elmwood Park, NJ-based maker of plant-based frozen and refrigerated foods
Partners Group Idera Undisclosed Houston, TX-based provider of database lifecycle management software
Altamont Capital Partners Kinetic Advantage Undisclosed Indianapolis, IN-based newly-formed auto floorplan financing company
Two Sigma Impact and BayPine  Penn Foster Undisclosed Scranton, PA-based distance learning company
BV Investment Partners  PixelMedia Undisclosed Portsmouth, NH-based digital commerce services firm
Elliott Investment Management Removery $50M Austin, TX-based tattoo removal company
Advent International  RxBenefits Undisclosed Birmingham, AL-based pharmacy benefits optimizer
Ridgemont Equity Partners  SoftDocs Undisclosed Columbia, SC-based provider of enterprise content management software for the education market
Sixth Street Talcott Resolution Undisclosed Windsor, CT-based provider of life insurance and annuity services
Growth Catalyst Partners The Equine Network Undisclosed Albuquerque, NM-based provider of sports content and services to the U.S. equine industry


Venture Capital Investors Company  Amount Description
Meritech Capital Partners, Tiger Global, IVP, OMERS Aledade $100M Bethesda, MD-based accountable care organization
Agronomics, Lewis & Clark AgriFood, McWin, Siddhi Capital, Radicle Growth, Rich Products, Thai Union BlueNalu $60M San Diego, CA-based producer of seafood products directly from fish cells
HealthQuest Capital, BlackRock, TCG, Foresite Capital, Greenspring Associates, Morningside Ventures, Portfolio, Highland Capital Partners Everlywell $75M Austin, TX-based in-home health testing platform
Tene Investment Fund GlassesUSA.com $45M New York, NY-based online eyewear retailer and subsidiary of Optimax Eyewear
Sienna Capital, SoftBank Globality $138M Menlo Park, CA-based digital solution for sourcing strategic services
Insight Partners, Norwest Venture Partners Imperfect Foods $95M San Francisco, CA-based online food marketplace aimed at reducing food waste
Endeavor Catalyst, Lumos Capital, Creas Capital, Brighteye Ironhack $20M Miami, FL-based provider of coding bootcamps
GGV Capital, Valor Equity Partners, Kaiser Permanente, 14W, Max Ventures, Pico Partners, Marcy Venture Partners, Primary Venture Partners, BoxGroup K Health $132M New York, NY-based primary care company
Lux Capital, Pivotal BioVentures, The Column Group, DCVC Bio Plexium $35M San Diego, CA-based developer of protein-degrading therapeutics
JMI Equity, Ankona Capital Soci $80M San Diego, CA-based localized marketing startup
Abingworth, Sofinnova Investments, Longitude Capital, Fidelity, Surveyor Capital, Octagon Capital, Kleiner Perkins, GV, Alexandria Venture Investments Vera Therapeutics $80M South San Francisco, CA-based developer of treatments for immunological and inflammatory diseases
Wellington Management, Casdin Capital, Redmile Group, Janus Henderson, Cormorant, Rock Springs Capital, Novo Holdings, Logos Capital, Surveyor Capital, RA Capital, GV, Biomatics Verve Therapeutics $94M Cambridge, MA-based gene-editing startup focused on heart disease
Energize Ventures Volta $125M San Francisco, CA-based EV charging network
Lightspeed Venture Partners, Sino Global Capital, Kenetic Capital, Rockaway Blockchain Fund, Hack VC, DeFi Alliance, Avon Ventures Wintermute $20M Reston, VA-based provider of crypto exchanges and trading platform

January 25th, 2021|Scherzer Deal Report|

The Scherzer Deal Report: January 11-15, 2021


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
Audax Private Equity New York, NY $1.7B First continuation fund
Heritage Group Nashville, TN $300M Third fund
KKR New York, NY $3.9B First Asia-Pacific infrastructure fund
KKR New York, NY $1.7B First Asia real estate private equity fund
Lafayette Square Holding New York, NY $100M Debut social impact fund
March Capital Santa Monica, CA $450M Third fund
Neuberger Berman New York, NY $2.1B Fourth private equity co-investment fund
New Mountain Capital New York, NY $9.6B Sixth flagship buyout fund
New Mountain Capital New York, NY $640M First non-control fund
O2 Investment Partners Bloomfield Hills, MI $270M Third fund
Transformation Capital Boston, MA $500M Second fund


Private Equity Investors Company  Amount Description
Capital Constellation Avista Capital Partners Undisclosed New York, NY-based health care-focused private equity firm
MountainGate Capital BioDerm Undisclosed Largo, FL-based provider of disposable medical devices and wound care supplies to patients with chronic conditions
SFW Capital Partners Caron Undisclosed Marietta, OH-based lab equipment provider
Oak Hill Capital Partners Checkers Drive-In Restaurants $20M Tampa, FL-based parent company of Checkers & Rally’s iconic drive-thru restaurants
TPG Rise Fund  Element Markets Undisclosed Houston, TX-based sustainability and natural gas offsets trading advisor
Francisco Partners Forcepoint Undisclosed Austin, TX-based cybersecurity company
TPG Greenhouse $500M New York, NY-based human resources software provider
Charlesbank Capital Partners Healthcare Fraud Shield $50M Chesterfield, MO-based provider of fraud, waste and abuse prevention software
Wynnchurch Capital ICA Undisclosed Allentown, PA-based manufacturer of expanded polystyrene foam products
SK Capital Partners Lacerta Undisclosed Mansfield, MA-based maker of specialty thermoformed packaging
Sixth Street Legends Undisclosed New York, NY-based sports hospitality services company co-founded by the New York Yankees and Dallas Cowboys
Warburg Pincus LendingPoint $125M Kennesaw, GA-based provider of personal and small business loans
HGGC, Wealth Partners Capital Group Merit Financial Group Undisclosed Alpharetta, GA-based wealth manager 
TA Associates OmniActive Undisclosed New Jersey and India-based provider of natural nutraceutical ingredients
Varsity Healthcare Partners Peak Dental Services Undisclosed Colorado Springs, CO-based dental services organization
TriSpan Prestige PEO Undisclosed Melville, NY-based professional employer organization
Altamont Capital Partners Specialized Packaging Group Undisclosed Livermore, CA-based protective packaging manufacturer 
BV Investment Partners  Talent Undisclosed New York, NY-based provider of tech-enabled career services
Bain Capital Double Impact  TeachTown Undisclosed Woburn, MA-based provider of hybrid-learning software for students with special education
Spire Capital  The Inception Company Undisclosed Fairfield, NJ-based maker of virtual engagement products and services


Venture Capital Investors Company  Amount Description
ADM Ventures, GV, Barclays, Unreasonable Collective Air Protein $32M Berkeley, CA-based alternative meat startup
Morgan Stanley Expansion Capital, General Catalyst, HighSage Ventures AirSlate $40M Boston, MA-based no-code business automation startup
F-Prime Capital Atalanta Therapeutics $110M Boston, MA-based developer of treatments for neurodegenerative diseases
Coatue, Tiger Global Blend $300M San Francisco, CA-based digital lender
Canvas Ventures, Point72 Ventures, Crosslink Capital Brace $15.7M Los Angeles, CA-based digital mortgage servicing platform
Archina Capital Bryte $24M Los Altos, CA-based developer of AI-powered mattresses
Altimeter Capital, Greenoaks, Lone Pine, Benchmark, Bond, FirstMark, GV, Index Ventures, Tiger Global Cockroach Labs $160M New York, NY-based distributed SQL database
Accel DecisionLink $18.5M Atlanta, GA-based provider of customer cost-benefit analyses for business services
Spark Capital, Andreessen Horowitz, Redpoint Ventures Descript $30M San Francisco, CA-based provider of audio and video transcription and editing software
JMI Equity Employee Navigator $34M Bethesda, MD-based benefits admin and human resources software provider
GV, Arch Venture Partners, Andreessen Horowitz, Casdin Capital, Section 32, Nextech, Arboretum Ventures EQRx $500M Cambridge, MA-based developer of drug equivalars
Insight Partners, Singular, CRV, LaunchHub Ventures Gtmhub $30M Denver, CO-based provider of OKR-focused business orchestration software
Alkeon Capital, Battery Ventures, Citi Ventures, Norwest Venture Partners, Sorenson Capital, Thomvest Ventures, Menlo Ventures, IVP, Unusual Ventures Harness $85M San Francisco, CA-based software delivery platform
CR-CCT Industry Pilot Fund, Redmile Group, Perceptive Advisors Impulse Dynamics $60M Marlton, NJ-based developer of cardiac contractility modulation technology
Mainsail Partners JobNimbus $53M Lehi, UT-based provider of home services software
BlackRock, H.I.G. Growth, OurCrowd, General Atlantic JumpCloud $25M Louisville, CO-based cloud directory platform provider
Foundry Group, Greycroft, Maveron Landing $45M San Francisco, CA-based flexible living startup membership platform
Altimeter Capital, Benchmark, YC Modern Treasury $38M San Francisco, CA-based provider of payment operations software
General Catalyst, Felicis Ventures, Village Global, XYZ Ventures Mosaic $18.5M San Diego, CA-based strategic finance platform
TPG Growth, CapitalG, Geodesic Capital, Greycroft, Canapi Ventures, Digital Garage, Point72 Ventures, Pelion Venture Partners, Regions Financial Corp. MX $300M Lehi, UT-based provider of digital transformation SaaS for banks
Left Lane Ventures, American Family Ventures Neat Capital $22.5M Boulder, CO-based home financing platform
Alaska Permanent Fund, Altitude Life Science Ventures, SoftBank Vision Fund 2, QIA Tessera Therapeutics $230M Cambridge, MA-based programmable genetics startup
GIC, Siemens, Fidelity, Mubadala Investment Co. ThoughtWorks $720M Chicago, IL-based software consultancy
SignalFire, Emerson Collective, Construct Capital, Allen & Co. Tradeswell $15.5M Baltimore, MD-based e-commerce optimization startup
Accel, Silversmith Capital Partners Webflow $140M San Francisco, CA-based no-code website development platform
Altimeter Capital, Insight Partners Workato $110M Mountain View, CA-based business automation integration platform
Merian Chrysalis You & Mr. Jones $60M New York, NY-based brand-tech group

January 19th, 2021|Scherzer Deal Report|

The Scherzer Deal Report: January 1-8, 2021


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
Access Holdings Baltimore, MD $340M Debut fund
Ares Management Los Angeles, CA $11B Fifth European credit fund
Marathon Asset Management New York, NY $2.5B Distressed credit fund
Oak Hill Capital Partners New York, NY $3.8B Fifth flagship fund
One Way Ventures Boston, MA $57.5M Second fund


Private Equity Investors Company  Amount Description
H.I.G. Capital Action Point and Signature Flexible Packaging Undisclosed Acquisition and merger of two Californian companies in the food and consumer packaging space
USALCO AI Chem/CalChem Undisclosed Provider of specialty chemicals for municipal water treatment and industrial applications
Monomoy Capital Partners Astro Shapes Undisclosed Struthers, OH-based manufacturer of custom-finished aluminum extrusions
Infinedi Partners BWG Strategy Undisclosed Cranford, NJ-based provider of market intelligence and data to investment management and corporate clients via a subscription-based mode
Partners Group Careismatic Brands Undisclosed Chatsworth, CA-based maker of medical apparel
Golden Gate Capital Covia Undisclosed Independence, OH-based provider of mineral-based material solutions for the industrial and energy markets
H.I.G. Capital Crothall Laundry Services Undisclosed Manassas, VA-based provider of outsourced laundry services to the health care and hospitality sectors
Frazier Healthcare Partners CSafe Global Undisclosed Dayton, OH-based provider of cold chain shipping solutions to the life sciences market
Revelstoke Capital Partners Empire Undisclosed Miami-FL-based franchisee and sub-franchisee of 42 Orangetheory studios in the NYC metropolitan area
Onex Credit Falcon Investment Advisors Undisclosed Boston, MA-based private credit manage
Knox Lane Fingerpaint Undisclosed Saratoga Springs, FL-based health and wellness marketing agency
Gen Cap America  Frontier Packaging Undisclosed Tukwila, WA-based maker of seafood packaging
Century Equity Partners Hancock Claims Consultants Undisclosed Alpharetta, GA-based property and casualty inspector
Incline Equity Partners Jon-Don Undisclosed Roselle, IL-based provider of commercial supplies, equipment and consumables to specialty contractors and in-house service providers
JLL Partners Jonathan Engineered Solutions Undisclosed Irvine, CA-based maker of industrial slides and other custom engineered components environments like U.S. Navy ships
SSM Partners Keeps Undisclosed Las Vegas, NV-based provider of auto service and parts analytics and pricing optimization solutions
MidOcean Partners LYNX Franchising Undisclosed Alpharetta, GA-based franchise platform for Jan Pro and other commercial and industrial services
Platinum Equity Mad Engine Undisclosed San Diego, CA-based apparel maker
Vector Capital Mood Media Undisclosed Austin, TX-based provider of in-store media solutions
Ridgemont Equity Partners SEKO Logistics Undisclosed Itasca, IL-based third-party logistics provider
Odyssey Investment Partners Service Champions Undisclosed Brea, CA-based provider of residential HVAC and plumbing services
Peak Rock Capital Shipley Do-Nuts Undisclosed Houston, TX-based quick-service restaurant franchisor
Sagewind Capital Sigma Defense Systems Undisclosed Perry, GA-based provider of airborne intelligence, surveillance and reconnaissance services
Water Street Healthcare Partners Southern Scripts $100M Natchitoches, LA-based pharmacy benefit management company
Golden Gate Capital  Tidal Wave Auto Spa Undisclosed Orange Park, FL-based car wash chain
SK Capital Partners Tilley Chemical Co. Undisclosed Baltimore, MD-based distributor of specialty chemicals and lubricants
Ontario Teachers’, Ares Management TricorBraun Undisclosed St. Louis, MO-based packaging distributor
May River Capital  Unibloc Pump Undisclosed Marietta, GA-based provider of sanitary flow control solutions
Pritzker Private Capital Vertellus Undisclosed Indianapolis, IN-based specialty chemicals company
Kinderhook Industries Vesta Housing Solutions Undisclosed Southfield, MI-based provider of temporary and permanent modular space solutions


Venture Capital Investors Company  Amount Description
Mass General Brigham Ventures, Sanofi Ventures, Pontifax, Hongsen Investment Group, RA Capital, Samsara BioCapital Abcuro $42M Newton, MA-based developer of anti-KLRG1 treatments for autoimmune diseases and cancers
Rock Springs Capital, Foresite Capital, T. Rowe Price, Wellington Management, Blackrock, Cormorant, Perceptive Advisors, EcoR1 Capital, Surveyor Capital, Logos Capital, Viking Global Investors, Bain Capital Life Sciences, Ziff Capital Healthcare Ventures Affinivax $226M Cambridge, MA-based vaccines developer
XN, GV, Valor Equity Partners, Sequoia Capital, Sidewalk Infrastructure Partners, Congruent Ventures, Closed Loop Partners AMP Robotics $55M Denver, CO-based developer of robots for sorting recyclable materials
Northpond Ventures, Cowen Healthcare Investments, HealthCap, BVF Partners, Ridgeback Capital, Johnson & Johnson, BioMotiv, Ionis Pharmaceuticals Aro Biotherapeutics $88M Philadelphia, PA-based developer of tissue-targeted genetic medicine
Newlight Partners, Fortistar, Cottonwood Technology Funds, Sun Mountain Capital BayoTech $157M Albuquerque, NM-based producer of on-site hydrogen
Breakthrough Energy Ventures Boston Metal $50M Woburn, MA-based sustainable metal production startup
Tiger Global, GreatPoint Ventures, Cross Creek, Wildcat Venture Partners, SpringRock Ventures Carrum Health $40M San Francisco, CA-based bundled payment platform for employers
General Atlantic, Greylock, Lux Capital,  Lee Fixel Chronosphere $43.4M Bellevue, WA-based cloud native monitoring tool
Greycroft Citizen $73M New York, NY-based mobile app that provides users with notifications of nearby emergencies and crimes 
General Catalyst, T. Rowe Price, Viking Global Color $167M Burlingame, CA-based genetics and health testing company
RA Capital Management, Eventide Asset Management, New Leaf Venture Partners, Soleus Capital, Driehaus Capital, Osage University Partners, Asymmetry Capital Management, Northpond Ventures, Sands Capital, Sanofi Ventures, Alexandria Venture Investments, Altitude Life Science Ventures, Agent Capital DiCE Molecules $80M South San Francisco, CA-based developer of immunology therapeutics
Hanaco, Schonfeld, PayPal Ventures, Whale Rock Divvy $165M Draper, UT-based corporate spend management solutions
Sapphire Ventures, Insight Partners, Lightspeed Venture Partners, Norwest Venture Partners, Redpoint Ventures, Cisco Investments Dremio $135M Santa Clara, CA-based provider of data lake transformation solutions
Goldman Sachs Growth, North Castle Partners Echelon Fitness $65M Chattanooga, TN-based connected fitness company
Omega Funds, Longitude Capital Endeavor BioMedicines $62M San Diego, CA-based biotech focused on pulmonary disease
Qatar Investment Authority Fluence $125M Arlington, VA-based energy storage company
Insight Partners Glia $78M New York, NY-based digital customer service company
Coatue, Tiger Global  Hinge Health $310M San Francisco, CA-based provider of musculoskeletal pain solutions
NightDragon Iboss $145M Boston, MA-based cloud delivered network security company
Nextech, Vida Ventures, Two River Group, Bellco Capital, Polaris Partners, GV, Wellington Partners, Logos Capital IconOVir Bio $77M San Diego, CA-based developer of oncolytic virus therapies
Omega Funds, Fidelity, Atlas Venture, OrbiMed, Bristol Myers Squibb Ikena Oncology $120M Boston, MA-based cancer drug developer
Cormorant Asset Management, Surveyor Capital, Rock Springs Capital, T. Rowe Price, BlackRock, Perceptive Advisors, Lyfe Capital Immuneering $62M Cambridge, MA-based cancer drug developer
RA Capital, Vivo Capital, Foresite Capital, A Plus Partners, Quan Capital, Qiming Venture Partners USA Kira Pharma $53.5M Cambridge, MA and Suzhou, China-based developer of complement-targeted therapies
Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners, Coatue, Dragoneer Investment Group, Liberty Global Ventures, Snowflake Ventures, Tiger Global Lacework $525M San Jose, CA-based cloud security platform
Longitude Capital, Omega Funds, Lundbeckfonden Ventures, PBM Capital, Janus Henderson, Invus, Woodline Partners, the Alzheimer’s Drug Discovery Foundation, Alexandria Venture Investments Lexeo Therapeutics $85M New York, NY-based developer of gene therapies
NEA, Evolution VC Partners, Tyson Ventures New Wave Foods $18M New York, NY-based developer of plant-based shrimp
Francisco Partners News Break $115M Mountain View, CA-based local news app
Runa Capital, S7V, 1984 VC, EFG Hermes, Rucker Park,  Inventure Oxygen $17M San Francisco, CA-based digital banking platform
Catalyst Investors, Sageview Capital, Blue Cloud Ventures, Liberty Global Ventures Pax8 $96M Denver, CO-based cloud software marketplace for IT pro
Insight Partners Quantum Metric $200M Monument, CO-based cloud service to build, test, and fix digital product
Ion Crossover Partners, Nexus Capital Management, Baron Capital Group Resident $130M San Francisco, CA-based mattress brand
Owl Rock Capital, Insight Partners, HarbourVest,  Emergence Capital SalesLoft $100M Atlanta, GA-based sales software company
Boxer Capital, EcoR1 Capital, Omega Funds, Vida Ventures, Surveyor Capital, Invus, Wellington Management, Nextech Invest, OrbiMed, Casdin Capital, Woodline Partners, Logos Capital, Janus Henderson, Atlas Venture, Abingworth Scorpion Therapeutics $162M Boston, MA-based precision oncology startup
Leaps by Bayer, Matrix Partners China, Mirae Asset Capital, Ridgeback Capital, Intel Capital, 8VC, Amgen Ventures, Lux Capital Senti Biosciences $105M South San Francisco, CA-based gene circuit startup
Insight Partners SimpleNexus $108M Lehi, UT-based homeownership platform
Andreessen Horowitz, Salesforce Ventures, Coatue, Index Ventures Starburst Data $100M Boston, MA-based SQL query engine
Bessemer Venture Partners, Next Play Capital, Concrete Rose Capital, Emerson Collective, Voyager Capital Syndio $17.1M Seattle, WA-based provider of HR software for eliminating pay equity gaps
Deerfield Management, Eli Lilly, OrbiMed, Lilly Asia Ventures, Vivo Capital, Samsara Capital, Suvretta Capital Management Terns Pharma $87M Foster City, CA-based biotech focused on non-alcoholic steatohepatitis and other liver diseases
Digital Alpha Advisors WeLink $185M Lehi, UT-based fixed-wireless broadband producer

January 11th, 2021|Scherzer Deal Report|

The Scherzer Deal Report: November 13-19, 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
Bentley iTwin Ventures Exton, PA $100M Debut Fund
Better Tomorrow Ventures San Francisco, CA $75M Debut Fund
Council Capital Nashville, TN $200M Fourth Fund
NextView Ventures Boston, MA $89M Fourth Fund
Quid San Francisco, CA $320M Debut employee loan fund
Round Hill Music Royalty Partners New York, NY $291M Third fund
Searchlight Capital Partners New York, NY $3.4B Third private equity fund
STG Partners Palo Alto, CA $2B Sixth tech-focused private equity fund
Thomas H. Lee Partners  Boston, MA $900M THL Automation Fund. L.P.


Private Equity Investors Company  Amount Description
Arsenal Capital Partners Best Value Healthcare Undisclosed Lakeland, FL-based primary care platform focused on Medicare Advantage
DW Healthcare Partners CareXM Undisclosed Lehi, UT-based provider of virtual care and patient engagement solutions for post-acute and non-acute health care providers
American Securities Foundation Building Materials  $1.37B Santa Ana, CA-based distributor of specialty buildings products like wallboard, suspended ceiling systems, metal framing
Royal Ahold Delhaize FreshDirect Undisclosed New York, NY-based online grocer
The Home Depot HD Supply Holdings $8B Atlanta, GA-based building products company
Sun Capital Partners Miami Beach Medical Group Undisclosed South Florida-based provider of health care services to Medicare Advantage plan members
Clearlake Capital Group PrimeSource Undisclosed Irving, TX-based distributor of specialty building materials
OMERS Private Equity Turnpoint Undisclosed Louisville, KY-based HVAC, plumbing and electrical services firm
Clearlake Capital Group WellPet Undisclosed Tewksbury, MA-based natural petfood company
KKR Zeus Health $100M Newly formed medical device acquisition platform


Venture Capital Investors Company  Amount Description
Coatue, Decibel Ventures, Index Ventures Abacus.AI $22M San Francisco, CA-based developer of AI module
Menlo Ventures, Greylock Abnormal Security $50M San Francisco, CA-based email security startup
Sapphire Ventures, Elsewhere Partners ActivTrak $50M Austin, TX-based workforce monitoring tool
OMRON, Khosla Ventures, WP Global Partners, Qualcomm Ventures, Bold Capital Partners AliveCor $65M Mountain View, CA-based provider of mobile electrocardiogram technology
Eldridge CAIS $50M New York, NY-based alternative investing platform
Dragoneer, Brookfield Technology Partners, DCVC, Builders VC Carbon Health $100M San Francisco, CA-based healthcare provider startup
Vickers Venture Partners, 212, Streamlined Ventures, Alumni Ventures Group, Waterman Ventures Chooch.ai $20M San Francisco, CA-based enterprise computer vision startup
Insight Partners CloudBolt Software $35M Bethesda, MD-based self-service hybrid cloud platform
GS Growth, Salesforce Ventures Cogito $25M Boston, MA-based provider of real-time emotional intelligence solutions
Altimeter Capital,  T. Rowe Price, Blackrock, Silverlake, NEA, Tiger Global DataRobot $270M Boston, MA-based enterprise AI platform
VenBio Partners, Cormorant Asset Management, Boxer Capital, Janus Henderson, Samsara Biocapital, Vivo Capital, Aisling Capital, Vertex Ventures HC, Qiming Venture Partners USA, Driehaus Capital Management, BVF Partners Elevation Oncology $65M New York, NY-based biotech focused on genomically defined cancers
Breakthrough Energy Ventures, The Engine, Prelude Ventures Form Energy $70M Somerville, MA-based developer of battery systems for long-term storage of wind and solar energy
Thrive Capital, GV, Accel, GFC, IA Ventures Headway $26M New York, NY-based software platform that helps therapists accept insurance and helps patients find those therapists
General Catalyst, Khosla Ventures, Arbor Ventures Heyday $175M San Francisco, CA-based startup focused on accelerating consumer product brands on digital marketplaces like Amazon
Travelers, State Farm Ventures, Nationwide Hover $60M San Francisco, CA-based data platform for home improvement and property insurance pros
Valor Equity Partners, Marcy Venture Partners, Atreides Management, PICO Venture Partners, 14W, Max Ventures K Health $42M New York, NY-based digital primary care startup
Quan Capital, 6 Dimensions Capital, Qiming Venture Partners, Sinopharm Capital Kira Pharma $46M Cambridge, MA-based developer of therapies for immune-mediated diseases
Accel, Summit Partners Klaviyo $200M Boston, MA-based marketing automation firm
BBGI Manus Bio $75M Cambridge, MA-based developer of complex natural products through advanced fermentation
Bayer, Humboldt Fund, Sozo Ventures, Agent Capital, InCube Ventures, HOF Capital Metagenomi $65M Emeryville, CA-based gene editing company
SoftBank, Norwest Venture Partners, Accel Partners, Canaan, NEA, NewView Capital, Qualcomm Ventures MindTickle $100M San Francisco, CA-based sales readiness plaform
WTT Investment, DCVC Bio, Valor Equity Partners, Humboldt Fund, Gruss & Co., Novo Holdings, 8VC, SOSV, AgFunder, Wireframe Ventures, Tony Fadell, John Legend, Natalie Portman MycoWorks $45M Emeryville, CA-based developer of a leather alternative
Apple Tree Partners Nereid Therapeutics $50M Boston, MA-based biotech focused on biomolecular condensates
Susquehanna Growth Equity Realync $22M Chicago, IL-based virtual leasing platform for multifamily real estate
TCV, Sequoia Capital, Dragoneer, Madrone Capital Partners, Jackson Square Ventures, Go4it Capital Strava $110M San Francisco, CA-based social platform for fitness
Jackson Square Ventures Trust & Will $15M San Diego, CA-based estate planning platform
MPM Capital, Qiming Venture Partners USA Umoja Biopharma $53M Seattle, WA-based developer of immunotherapies for blood cancer and pediatric osteogenic sarcoma
Cathay Innovation, GreatPoint Ventures, Breyer Capital, Omega Venture Partners, Greycroft, Lerer Hippeau, Interlock Partners, Mark VC, ATX Venture Partners ZenBusiness $55M Austin, TX-based software platform for launching new businesses
SignalFire ZeoTap $18.5M New York, NY-based customer intelligence platform

November 24th, 2020|Scherzer Deal Report|