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The Scherzer Deal Report: October 19-23, 2026

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.

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Fundraising for PE & VC Funds

Ara Partners
$2.5B
First energy projects fund

Bison Ventures
$160M
Second fund

Blackstone
$8.7B
Fifth energy transition fund

FFL Partners
$1.35B
Sixth flagship PE fund

Inspired Capital
$450M
Fourth fund

Monomoy Capital Partners
$589M
Small-cap fund

Private Equity Deals

Kian Capital
Allen Supply
Undisclosed amount
Saginaw, MI-based distributor of commercial doors and hardware accessories

Renovus Capital Partners
Aspire Home Health Care
Undisclosed amount
Chicago, IL-based provider of orthopedic and home health services

WilliamsMarston
Charted
Undisclosed amount
Boston, MA-based NetSuite services unit of Level Equity

Stonepeak
Chicago Parking Meters
Undisclosed amount
Chicago, IL-based on-street parking system

Tegria
CloudWave
Undisclosed amount
Marlborough, MA-based cybersecurity provider for health care

Solen Software Group
Cooperative Technologies
Undisclosed amount
Atlanta, GA-based provider of annuity and life insurance replacement data software

The Newcastle Network
Dan-O’s Seasoning
$25M
Louisville, KY-based maker of seasoning blends

WaveDivision Capital, TPO, and Stephens Capital Partners 
EarthLink 
Undisclosed amount
Atlanta, GA-based ISP 

Tide Rock 
Electro-Spec
Undisclosed amount
Franklin, IN-based plating and surface finishing company

Savillex
Entegris
Undisclosed amount
Billerica, MA-based life sciences fluid management unit 

Banner Capital
Exterior Solutions Group
Undisclosed amount
Edmond, OK-based commercial roofer

Apogem Capital 
Family Care Center
Undisclosed amount
Denver, CA-based provider of outpatient mental health services

Paine Schwartz Partners
First Day Life
Undisclosed amount
Austin, TX-based maker of branded vitamins and supplements

Port Jersey Logistics Network
Fond du Lac
Undisclosed amount
Edison, NJ-based provider of transportation services to wine, spirits, and food customers

NexTech Solutions
Halcyon Days Consulting
Undisclosed amount
Stevensville, MD-based provider of tactical mission networks and operational software for the U.S. military and allies

Ares
Infinity Transportation
$2.9B
Atlanta, GA-based railcar and intermodal equipment lessor

Aeromax Group
Loutech
Undisclosed amount
Chino, CA-based maker of aerospace parts

Brightstar Capital Partners
Material Handling Group USA
Undisclosed amount
Canton, Mich.-based provider of material handling equipment and aftermarket parts and services

Greybull Stewardship 
Mid-West Textile
Undisclosed amount
El Paso, TX-based used textile collection and recycling company

Treville Capital Group, Vista Credit Partners, Siguler Guff, Aquiline, Brightwood Capital Advisors, and The Cynosure Group
Platform Accounting Group
$355M
Salt Lake City, UT-based acquirer and operator of boutique accounting and advisory firms

Stone-Goff Partners
Quandary Consultants
Undisclosed amount
Denver, CO-based provider of regulatory and compliance-focused environmental services for infrastructure operators

Sequoia Financial Group
Quish
Undisclosed amount
Boulder, CO-based family office and wealth management firm

Audax Private Equity
Rensa Filtration
Undisclosed amount
Aurora, IL-based maker of air filtration solutions

LGM Pharma
Sannova Analytical
Undisclosed amount
Somerset, NJ-based contract research lab

CSL Group
SIMPL Wireless
Undisclosed amount
Duluth, GA-based IoT connectivity company

Lux Infusion
Suite Health
Undisclosed amount
Loveland, CO-based provider of specialty infusion therapy

Morgan Stanley Capital Partners 
The Rapid Group
Undisclosed amount
Paterson, NJ-based provider of inspection, repair, and maintenance services for rotating equipment

Lightview Capital
Thorn Run Partners
Undisclosed amount
Washington DC-based lobbying firm

Argentum Capital Partners
Truck Parking Club
Undisclosed amount
Ringgold, GA-based platform for finding tractor-trailer parking

Forward Consumer Partners
Welly 
Undisclosed amount
Minneapolis, MN-based bandage brand

Charlesbank Capital Partners
Wood Smith Henning & Berman
Undisclosed amount
Los Angeles, CA-based defense law firm 

Venture Capital Deals

Altimeter Capital, Accel, Khosla Ventures, Felicis, XYZ Venture Capital, and 8VC
Arda
$232M 
San Francisco, CA-based manufacturing AI startup led by ex-OpenAI exec Bob McGrew

Spark Capital, Citadel Securities, Meritech Capital, and Craft Ventures
ASI
$325M
Boston, MA-based AI startup “orchestrating critical infrastructure and national security”

NTTVC
AuxoAI
$20.7M
San Francisco, CA-based forward-deployed AI engineering company

Sequoia Capital, Premji Invest, Peak XV Partners, GV, and YC
Blacksmith
$66M
San Francisco, CA-based infrastructure platform for building and testing code

LGVP, WEX Ventures, Group 11, Great North Ventures, Night Capital, and Mintaka Capital
CapitalOS
$21.9M
Belmont, CA-based provider of spend management tools for SMBs

Founders Fund and the OpenAI Startup Fund
Coherence
$45M
San Francisco, CA-based developer of devices that use AI to monitor and treat cancer

FirstMark
Daytona
$60M
New York City, NY-based developer of cloud infrastructure for AI agents

General Catalyst and Lightspeed
Different
$48M
San Francisco, CA-based AI marketing startup

B Capital, Kindred Ventures, A.Capital, Unusual Ventures, SV Angel, Wing VC, Scribble VC, and Adrian Aoun
Dream Labs
$90M
San Francisco, CA-based developer of foundation models for robotics

A16z, F-Prime, Obvious Ventures, and E14 Fund
Eka Robotics
$150M
Cambridge, MA-based developer of general-purpose robots

Definition Capital, BoxGroup, and Susa Ventures
Firefly
$20M
New York City, NY-based physical AI safety startup

Index Ventures, Lux Capital, Sequoia Capital, GV, and Kleiner Perkins
Flapping Airplanes
$1B
San Francisco, CA-based startup seeking to train large models on less data

Mercato Partners, Light Ray Ventures, Lightscape Partners, Citi, and S2G Investments
Formic
$50M
Chicago, IL-based physical AI commercialization platform

Tiger Global and Mark Cuban Cos.
Fort Robotics
$20M
Philadelphia, PA-based provider of robot safety solutions

Fulcrum Equity Partners, dunnhumby Ventures, Iberis Capital, and ORIX USA
Kevel
$52M
Durham, NC-based ad tech infrastructure startup

First Round Capital, Bessemer Venture Partners, Prudence, and Quiet Capital
Mach9
$34M
San Francisco, CA-based design software startup

Lightspeed and South Park Commons
Nirva
$25M 
San Francisco, CA-based developer of wearable AI personal companions

VXI Capital, RA Capital, Valo Ventures, and Atlas Innovate
Optivolt
$32M
San Francisco, CA-based developer of an intelligence layer for solar

General Catalyst’s Customer Value Fund
Otter
$320M
Mountain View, CA-based meeting note-taking app

Bristol Myers Squibb, NEA, Revolution, and Builders VC
Pathos AI
$237M
New York City, NY-based precision oncology startup

GM Ventures, Maverick Silicon, Infinite Capital, Eclipse, Xora Innovation, and LG Technology Ventures
Peak Energy
$108M
Denver, CO-based sodium-ion battery maker

Story Ventures, FINTOP, Core VC, Obvious Ventures, 1st & Main Growth Partners, and Mana Ventures
Prism Data
$20M
New York City, NY-based cash flow analytics startup

Insight Partners, IA Ventures, and Crew Capital
Qualitate
$25M 
New York City, NY-based intelligence system for primary research

Vertex Ventures SEA & India, Hitachi Ventures, Accel, Peak XV Partners, Valley Capital Partners, and Titanium Ventures
RapidCanvas
$29M
Austin, TX-based managed AI execution platform

Nimble Partners, Gideon Strategic Partners, RockCreek, Geek Ventures, Gold Hill Capital, Sparkwave Capital, and SVB
Reliable Robotics
$115M
Mountain View, CA-based developer of an autonomous flight system

Rally Ventures and Skyward Group
Slingshot Insurance
$27M
Minneapolis, MN-based embedded insurance startup

OrbiMed, Janus Henderson, Agent Capital, Catalio Capital Management, Cormorant Asset Management, New Leaf Venture Partners, NYBC Ventures, RA Capital Management, Redmile, Sofinnova Investments, and Soleus Capital
Star Therapeutics
$200M
San Francisco, CA-based hematology and immunology biotech

USV, Khosla Ventures, and Homebrew
Tolan
$30M
San Francisco, CA-based AI companion

Forerunner Ventures, Menlo Ventures, a16z, First Round Capital, Better Tomorrow Ventures, Precedent.vc, Scribble Ventures, Serena Ventures, and Sparked Ventures
Town
$108M
San Francisco, CA-based AI assistant for teams

Sapphire Ventures, M&G’s Catalyst, N47, General Catalyst, Bosch Ventures, 53 Stations, Monashees, Endeavor Catalyst, Norte Ventures, and YC
Tractian
$130M
Atlanta, GA-based AI platform for asset-heavy industries

Lightspeed, Premji Invest, Mayfield, IVP, Lux, Conviction, Menlo Ventures, 01 Advisors, Standard, Lowercarbon Capital, Gigascale Capital, Angular Ventures, Scribble Ventures, Uncork Capital, Innovation Endeavors, Matter VP, Zero Shot Fund, SignalFire, and Moxxie Ventures
Warp Sciences
$215M
San Francisco, CA-based chemistry

CRO Future Ventures
Xona
$250M
Burlingame, CA-based provider of commercial navigation infrastructure in low-Earth orbit

Catalio Capital Management and Baheal
ZAP Surgical Systems
$36M
San Carlos, CA-based robotic radiosurgery platform

October 28th, 2026|Categories: Scherzer Deal Report|Tags: , |

2026 Amendments to the New York City Fair Chance Act

What’s New: New York City’s Commission on Human Rights adopted amended rules for the Fair Chance Act (FCA) that take effect on October 30, 2026.

Important Takeaways:

  • Clarification of employer procedures
  • Identifying per se violations
  • Eliminating the early resolution process for Commission-initiated complaints

The FCA prohibits most New York City employers from inquiring about an applicant’s criminal history before making a conditional offer of employment. The FCA applies to employers operating within New York City with four or more employees (including full-time, part-time, independent contractors, or freelancers).

Clarification of Employer Procedures

Definition of Conditional Offer of Employment

The amended rules revise the definition of “conditional offer of employment” to include promotions, retention offers, and transfers for existing employees, in addition to prospective new hires. A conditional offer cannot be revoked unless the revocation is based on one of the following:

  1. A criminal background check that was conducted in accordance with the New York City Human Rights Law (either by using a “two-step” process or establishing a system to internally segregate criminal history information to ensure that it is available to decision makers only after a conditional offer has been made).
  1. A medical examination permitted by the Americans with Disabilities Act.
  1. Information the employer could not reasonably have known before making the offer that would have caused the employer not to make the offer in the first place, regardless of the criminal background check results.

Response to Fair Chance Act Notice

The FCA requires New York City employers to provide a written Fair Chance Act Notice Form before taking any adverse employment action based on an applicant’s criminal history. The updated rules increase the applicant’s minimum response period from three to five business days from receipt of the notice.

Timely Response

The amended rules also require employers to consider information in the applicant’s response and to notify the applicant in writing and in a timely manner if, after reviewing that information, the employer decides not to hire the applicant or to take adverse employment action.

Unpaid Leave Pending Investigation

The FCA allows an employer to place an employee on unpaid leave for a reasonable period while conducting the required individualized assessment (contained in the Fair Chance Act Notice Form) when considering a pending case or conviction that occurred during employment. The amended rules state that a reasonable period will not exceed five business days.

Intentional Misrepresentation Process Clarified

If an employer intends to take adverse action against an applicant or employee based on an intentional misrepresentation about their conviction history or pending case, the amended rules require an employer (1) to provide the applicant or employee with the information supporting its determination, and (2) to allow the applicant or employee at least five business days from receipt of notice to respond. The employer must consider the response as part of its individualized assessment. A discrepancy between a criminal background check and self-reported criminal history does not necessarily establish an intentional misrepresentation.

Direct Relationship and Unreasonable Risk Exceptions

After conducting the required individualized assessment, the amended rules clarify the standards for determining whether (1) there is a “direct relationship” between the applicant’s or employee’s conviction history or pending case and the prospective or current job, or (2) employing or continuing to employ the person would involve an unreasonable risk to property or to the safety or welfare of specific individuals or the general public.

  • To claim the “direct relationship” exception, an employer must first show a direct
  • connection between the nature of the alleged conduct underlying a conviction or
  • pending case and specific job duties and responsibilities. If such a connection exists, the employer must consider all relevant Fair Chance Act factors to
  • determine whether the concerns presented by the relationship have
  • been mitigated.
  • To claim the “unreasonable risk” exception, an employer must consider and apply all the Fair Chance Act factors to determine if an unreasonable risk exists.
  • Generally, a conviction or pending case alone does not establish an unreasonable risk. While the seriousness of an offense is one factor, considering seriousness alone, without analyzing the other factors, is insufficient to establish compliance with the Fair Chance analysis.

Per Se Violations

The amended rules also clarify conduct that constitutes a “per se violation” of the FCA requirements, as noted below. (A “per se violation” is an action that is legally considered inherently illegal or harmful “by itself,” without needing extra proof of intent, bad motives, or actual damage.)

  • Using forms or applications that contain certain language that requests or relates to criminal history.
  • Failing to consider timely provided additional information relating to the Fair Chance Factors (contained in the Fair Chance Act Notice Form) after the employer has shared its analysis, before taking an adverse action based on the employee’s criminal history.
  • Failing to conduct a new Fair Chance Employment Analysis when an employee or applicant identifies an error in their criminal history that is material to the analysis, including but not limited to the inclusion of an incorrect matter disposition or erroneous inclusion of a pending case or conviction, before taking an adverse action.

Enforcement Changes

The amended rules directly change the existing regulatory enforcement framework by eliminating the Commission’s early resolution process for Commission-initiated Fair Chance complaints. The former regulatory provisions establishing the procedure and its penalty schedule are deleted.

 

Disclaimer: This communication is for general informational purposes only and does not constitute legal advice. The summary provided in this alert does not, and cannot, cover in detail what employers need to know about the amendments to the Philadelphia Fair Chance Law or how to incorporate its requirements into their hiring process. 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.

October 27th, 2026|Categories: Compliance Corner for Employment Decisions|Tags: , , , |

The Scherzer Deal Report: October 12-16, 2026

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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

GenNx360 Capital Partners
$285M
Single-asset CV focused on Whitsons Culinary Group

Pear VC
$333M
Fifth fund

Private Equity Deals

Lewis & Ellis
Alan Gray 
Undisclosed amount
Boston, MA-based consultancy

Vivify Specialty Ingredients
AuNutra Industries
Undisclosed amount
Chino, CA-based supplier of botanical extracts and nutritional ingredients to the nutraceutical and supplement industries

Advantage Distribution Holdings
Badger Metals
Undisclosed amount
Appleton, WI-based distributor of HVAC equipment, parts, and supplies in Wisconsin

Integrated Power Services
Bold Renewables
Undisclosed amount
Windsor, CO-based maintenance and parts provider for solar inverters

GTCR and Elliott Investment Management
CCC Intelligent Solutions
$6.1B
Chicago, IL-based car insurance software provider 

Prysm Capital
Chubby Group
$50M
Philadelphia, PA-based restaurant and hospitality company

Mubadala Capital
Clear Channel Outdoor
$6.2B
New York City, NY-based media company

Northrim Horizon
Cressy Door and Fireplace
Undisclosed amount
Seattle, WA-based installation and repair company

Fengate 
CRWF
Undisclosed amount
Tampa, FL-based clinical research site network in the Tampa Bay market

Blackford Capital
E.G. Middleton
Undisclosed amount
Norfolk, VA-based electrical contractor

Bain Capital 
Eaton Fiber
$1.5B
New York City, NY-based wholesale fiber infrastructure platform

Godspeed Capital
GreenVest
Undisclosed amount
Wells, VT-based provider of ecological restoration and resilience solutions

Capital Machine
KC Robotics
Undisclosed amount
West Chester, PA-based robotic systems integrator.

AKAM
Matthew Adam Properties
Undisclosed amount
New York City, NY-based property management firm 

26North Partners
MEI Industrial Solutions
Undisclosed amount
Coppell, TX-based provider of equipment execution services

Transaction Network Services
Netnumber
Undisclosed amount
Marlborough, MA-based provider of phone number intelligence and registry services

Healthpoint Capital 
Ospitek
Undisclosed amount
San Diego, CA-based surgical software company

Ara Partners
Pacific Ag
Undisclosed amount
Hermiston, OR-based crop residue supply and logistics company

Atlantic Ridge Capital and Grafine Partners 
Paragon Films
$900M
Broken Arrow, OK-based maker of stretch and shrink films

Terminus Capital Partners 
PickTrace
Undisclosed amount
Glendale, CA-based workforce management and compliance platform for agriculture

ATL Partners
Precise Metal Products
Undisclosed amount
Phoenix, AZ-based provider of airflow management solutions

Innovative Refrigeration Systems
QuickFreeze
Undisclosed amount
Fort Wayne, IN-based maker of blast-chilling products

FormativGroup
Saige Consulting
Undisclosed amount
New York City, NY-based AI and technology consultancy

PACT Capital Partners 
Sterling Investment Partners
Undisclosed amount
Greenwich, CT-based midmarket PE firm

GHK Capital Partners
USA Hometown Experts
Undisclosed amount
Memphis, TN-based residential services platform in the Southeastern U.S. 

First Class Air
Vertical Aerospace
Undisclosed amount
Bristow, OK-based aircraft MRO

The Knot 
Zola
Undisclosed amount
New York City, NY-based wedding planning and registry platform

Venture Capital Deals

Transformation Capital, CVS Health Ventures, Frist Cressey Ventures, Pivotal Ventures, Khosla Ventures, Thrive Capital, and Sequoia Capital
Abby Care
$82M
San Francisco, CA-based home-care startup that trains family members to become caregivers

TCV, Delta-v Capital, Socium Ventures, HighSage Ventures, Coral Capital, Legion VC, Coatue, JPMorgan Growth Equity Partners, Index Ventures, and Applied Ventures
Albert
$55M
Oakland, CA-based “chemistry-native AI operating system for R&D”

Index Ventures, GV, Camino Partners, Foreground, and Family Fund
Allara
$30M
New York City, NY-based women’s health startup

Sound Bioventures, HealthCap, Fountain Healthcare Partners, Biogen New Ventures, Pappas Capital, and Global BioAccess Fund
Altay Therapeutics
$37M
San Carlos, CA-based developer of transcription factor small molecule inhibitors

Left Lane Capital, First Round Capital, Digital Health Venture Partners
Brellium
$23M
New York City, NY-based patient chart auditing startup

RA Capital Management, 4BIO Capital, GV, Deep Track Capital, Biogen New Ventures, and UPMC Enterprises
Estuary Biotherapeutics
$103M
Newton, MA-based developer of gene therapies for kidney disease

Baillie Gifford, BlackRock, Capital Factory, CAZ Investments, Moderne Ventures, Moonshots Capital, Norwest, Overmatch, The Syndicate, and Tiger Global
Icon
$200M
Austin, TX-based robotic construction startup

Luminous Ventures
Mistlabs
$26M
San Francisco, CA-based maker of an AI app that always listens to the user

Maverick Silicon, Intel Capital, IQT, M-Ventures, and Oregon Venture Fund
Mueon
$65M
Portland, OR-based semiconductor systems startup

PeakSpan Capital, Litquidity, Companyon Ventures, Alpaca, Uncommon Denominator, Gaingels, and Mana Ventures
North
$60M
New York City, NY-based cloud spend startup

Eclipse, US Innovative Technology Fund, Riot Ventures, Jane Street, Atreides Management, and AMD Ventures
Oxide Computer
$445M
Emeryville, CA-based on-premise cloud computing company

Dragoneer Investment Group, Thrive Capital, Founders Fund, Sands Capital, Avenir Growth, Capital International, Fidelity, T. Rowe Price, D1 Capital Partners, Greenoaks, Iconiq, GIC, 8VC, 1789 Capital, Alpha Wave Global, Ontario Teachers, Coatue, D.E. Shaw, Definition Capital, FirstMark, General Catalyst, Generation Investment Management, Glade Brook Capital Partners, Khosla Ventures, Lightspeed, Pinegrove Opportunity Partners, Soma Capital, and Stripes
Ramp
$1.85B
New York City, NY-based corporate spend management platform

Top Tier Capital, Ballistic Ventures, In-Q-Tel, and M12
Reach Security
$50M
San Francisco, CA-based cybersecurity startup

Khosla Ventures, Accel, Initialized Capital, DST Global, and Kevin Weil
Sabi
$50M
Palo Alto, CA-based brain-computer interface startup

Juvia Group, TCG Crossover Management, BB Biotech, Fidelity, Balyasny Asset Management, Amgen Ventures, Arch Venture Partners, Bessemer Venture Partners, Breyer Capital, The Invus Group, Janus Henderson, Leaps by Bayer, Polaris Partners, Safar Partners, TAS Partners, Temasek, and Vida Ventures
Soufflé Therapeutics 
$135M
Boston, MA-based developer of RNA therapies

Saga Ventures, Lowercarbon, Eclipse, Equal Ventures, Inspired Capital, Neotribe, and Jackson Square Ventures
Stand
$70M
San Francisco, CA-based startup that insures homes in catastrophe-exposed regions

Healthier Capital, Crosslink Capital, Hercules Capital, Hedosophia, Venrock, Flare Capital Partners, and Philips
Suki
$90M
Redwood City, CA-based ambient scribe startup

TTV Capital, Bling Capital, Fika Ventures, Live Oak Bank, and Ziegler Linkage Fund
Sunbound
$24M
Phoenix, AZ-based provider of back-office solutions for senior living operators

Volition Capital
Tamr
$21M
Cambridge, MA-based agentic master data management platform

A16z, DCVC, and Sequoia Capital
TypeSafe AI (dba Jev)
$870M
San Francisco, CA-based composable AI startup 

Bessemer, Lightspeed, and The Garage
ZenZap
$44M
New York City, NY-based workplace messaging app

Saluda Grade
Zippy
$20M
Beaverton, OR-based originator and servicer for manufactured housing finance

October 21st, 2026|Categories: Scherzer Deal Report|Tags: , |

The Scherzer Deal Report: October 5-9, 2026

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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

Aphias Capital
$1.05B
Debut fund

Balerion Space Ventures
$200M
Second fund

Consonance Capital Partners
$1.4B
Third fund

Endeavor Catalyst  
$320M
Fifth fund

Energy Capital Partners  
$834M
Single-asset CV for Next Wave Energy Partners

Iron Path Capital  
$450M
Second fund focused on lower-midmarket PE

Linse Capital  
$150M
Early-stage fund

LS Power  
$6B
Sixth flagship power and energy infrastructure fund

Niobrara Capital Partners  
$1.1B 
Debut fund

Sheridan Capital Partners  
$1.1B 
Fourth health-care PE fund

Union Square Ventures   
$900M
Early-stage fund and opportunity fund

Private Equity Deals

Kohlberg
Advanced Industrial Devices
Undisclosed amount
Tulsa, OK-based provider of automation and control solutions

BlueMatrix
Aiera
Undisclosed amount
New York City, NY-based content delivery platform

FFL Partners
Ally Technical
Undisclosed amount
Nashville, TN-based provider of medical technology management solutions

Warburg Pincus
Awayday
Undisclosed amount
Destin, FL-based vacation rental management company

CFGI
BAO Consulting Group
Undisclosed amount
Dallas, TX-based advisory firm

LongWater Private Equity
Blastco
Undisclosed amount
Channelview, TX-based provider of surface preparation, industrial coatings and tank rehabilitation services

Stryten Energy
C&D Technologies and Trojan Battery
Undisclosed amount
Horsham, PA-based and Santa Fe Springs, CA-based motive battery companies

Verdantas
Civilitude Engineers and Planners
Undisclosed amount
Austin, TX-based engineering and planning firm Intertape

Polymer Group
Clysar
Undisclosed amount
Clinton, IA-based manufacturer of polyolefin shrink film

Chemistry
Colossus
Undisclosed amount
Boston, MA-based creative agency

Acuity Analytics
Continuus
Undisclosed amount
Milwaukee, WI-based data consultancy specializing in financial services

Monomoy Capital Partners
Creedence Energy Services
Undisclosed amount
Minot, ND-based provider of production and midstream chemical solution

Antenna Research Associates
Empower RF Systems
Undisclosed amount
Inglewood, CA-based manufacturer of high-power solid-state RF and microwave amplifiers

Ardurra Group
Enprotec/Hibbs & Todd
Undisclosed amount
Abilene, TX-based water and wastewater engineering consultancy

FVLCRUM Funds
Fidelity Technology Services
Undisclosed amount
Reading, PA-based provider of military simulation training systems

Samy
Get Engaged

Undisclosed amount
Atlanta, GA-based social and influencer marketing agency

Norlee Group
IEM Electric
Undisclosed amount
Hickory, NC-based industrial electrical contractor

OceanSound Partners
IMSAR
Undisclosed amount
Springville, UT-based maker of synthetic aperture radar payloads and mission software

Kian Capital
Integrity Landscape
Undisclosed amount
Morgan Hill, CA-based commercial landscape services group

Alliant Insurance Services|
Melcher & Prescott
Undisclosed amount
Laconia, NH-based independent insurance agency and brokerage

SafeBuilt
NEIC
Undisclosed amount
Danville, PA-based building plan review and inspection agency for municipal clients in Northeast

Pennsylvania Advantage Investigations
NorStar Investigation
Undisclosed amount
Fishkill, NY-based investigative services provider

TZP Group, HPS, and Capital Dynamics
Pavilion
Undisclosed amount
New York City, NY-based vacation rental company managing more than 5,000 homes

Bertram Capital
Percopo Coatings
Undisclosed amount
Longwood, FL-based provider of coatings and restoration services

Duncan Solutions
Pioneer Credit Recovery
Undisclosed amount
Arcade, NY-based debt collection service

AEA Investors and British Columbia Investment Management Corporation
Rensa Filtration
Undisclosed amount
Aurora, IL-based provider of filtration solutions for mission-critical applications

Aurora Capital Partners
Softdocs
Undisclosed amount
Columbia, SC-based provider of process automation and document management software for education and government.

BDT & MSD Partners
Sunrise Senior Living
$1B
McLean, VA-based operator of luxury senior living facilities

Spectrum Equity
Symmetric
Undisclosed amount
Philadelphia, PA-based provider of health-care supply chain intelligence

TTDS
Thermal Products
Undisclosed amount
Charlotte, NC-based provider of heat transfer and process equipment solutions

Certerra
Universal Testing & Inspection Services
Undisclosed amount
West Babylon, NY-based materials testing, lab service and analysis for infrastructure projects

Graycliff Partners ValveTek Utility Services and MeterTek
Utility Services
Undisclosed amount
Kenilworth, NJ-based providers of water meter and distribution system services to water utilities

Warren Equity Partners
VDA
Undisclosed amount
East Hanover, NJ-based escalator inspection services firm

Venture Capital Deals

F-Prime, A1 Health Ventures, and .406 Ventures
AblePay Health
$20M
Bethlehem, PA-based provider of patient engagement platform offering flexible payment options

Lightspeed Venture Partners, Khosla Ventures, Salesforce Ventures, and Dell Technologies Capital
Arena Intelligence
$200M
San Francisco, CA-based AI model evaluator

OneIM, Gigafund, XTX Ventures, KAS Venture Partners, Valor Equity Partners, Tru Arrow Partners, Construct Capital, Sozo Ventures, and the Regents of the University of California
Atomic Machines
$250M
Emeryville, CA-based manufacturing system for micro-machines

Premji Invest, Wing Venture Capital, Seligman Ventures, NEA, and e& Capital
Clockwork
$31M
Palo Alto, CA-based provider of fault-tolerance software

 

First In, Upfront Ventures, Space Capital, Rsquared, Side Door Ventures, and ATX Ventures
Fortastra
$30M
Los Angeles, CA-based developer of spacecraft for on-orbit security and national defense

Benchmark
Furientis
$25M
Los Angeles, CA-based developer of lower-cost missile interceptors

8VC and Silent Ventures
Gallatin AI
$50M
El Segundo, CA-based military logistics startup

A16z, Matrix, VXI Capital, Eli Lilly, Mercy Health, and BoxGroup
General Medicine
$120M
San Francisco, CA-based telehealth provider and medical marketplace

Sequoia Capital, First Round Capital, and Hummingbird Ventures
Healthleap
$38M
San Francisco, CA-based startup identifying undiagnosed illness risk in patient records

Benchmark, Index Ventures, Elad Gil, Hanabi, Definition, and Diffusion
Hone
$60M
San Francisco, CA-based professional AI agent developer

Alta Partners, Venrock, Foresite Capital, and J. Wood Capital
KymaThera
$80M
San Diego, CA-based precision medicine biotech focused on cancers and vascular malformations

Allianz X and Rockefeller Capital Management
Ledgebrook
$200M
Boston, MA-based specialty insurance startup

Nextech Invest, Norwest, Sanofi Ventures, and Digitalis Ventures
Matchpoint Therapeutics
$150M
Watertown, MA-based precision medicine biotech

Sequoia Capital, Kindred, Framework, Neo, Nvidia, Microsoft, Qualcomm, and Samsung
Mecka AI
$60M
New York City, NY-based developer of data and deployment infrastructure for training physical AI

General Catalyst, CRV, Genius, Vine Ventures, and Antifund
Melius
$25M
New York City, NY-based “agents lab for creative work”

Robot Ventures, Nvidia, M12, Samsung, USV, and 1789 Capital
Nous Research
$90M
Austin, TX-based developer of AI assistants for business users

Arch Venture Partners, Spark Capital, Khosla Ventures, Index Ventures, General Catalyst, and Bezos Expeditions
Oratomic
$475M
Pasadena, CA-based quantum computing startup

AVP, Hillspire, Agility Global, Cobalt Capital, Anthos Capital, Congruent Ventures, Riot Capital, and Collaborative Fund
Parallel
$100M
Los Angeles, CA-based autonomous electric freight rail startup

Arthur Blank’s family office, Causeway Partners, Ares Capital, PGA Tour, and Powerhouse Capital
Pro Shop
$24M
Ponte Vedra Beach, FL-based golf media startup

Insight Partners, Overmatch Ventures, First Round Capital, Quiet Capital, Steel Atlas, and TMV
Quartermaster
$100m
Arlington, VA-based maritime intelligence startup

Insight Partners, a16z, and M12
Stuut
$52.2M
New York City, NY-based AI coworker that runs order-to-cash for enterprises

Breakthrough Energy Ventures, Clutterbuck Capital, Lowercarbon Capital, Siemens Energy Ventures, and SiteGround Capital
Type One Energy
$200M
Knoxville, TN-based fusion startup

Framework Ventures, Y Combinator, and Next View
Ultra
$62M
Brooklyn, NY-based robots-as-a-service startup

Ribbit Capital and a16z
Valon Technologies
$150M
New York City, NY-based OS for regulated finance

Matter Venture Partners, Tyche Partners, LG Technology Ventures, Gates Frontier, Sabanci Climate Ventures, and Hui Capital
Veir
$110M
Woburn, MA-based developer of superconducting power delivery systems

Conversion Capital, Pennymac, New American Funding, Citi Ventures, and Andreessen Horowitz
Vesta
$30M
San Francisco, CA-based mortgage loan origination system

Advent International, Temasek, Xora, AMD Ventures, Eclipse, Khosla Ventures, and Madrona
Vinci
$250M
Palo Alto, CA-based chip simulation startup

Oak HC/FT, Norwest, .406 Ventures, Constellation Ventures, YC, and MemorialCare Innovation Fund
Vitalize
$31M
San Francisco, CA-based hospital staffing and scheduling startup

Generation Investment Management, Activate Capital, Vitol, Broadscale Group, Climate Investment, NGP Energy Capital, Salix Ventures, and All Aboard Fund
Voltus
$225M
San Francisco, CA-based flexible energy platform that taps into businesses and homes

Maveron, Bling Capital, and Hims co-founder Jack Abraham
Wally
$25M
New York City, NY-based dental membership company

October 14th, 2026|Categories: Scherzer Deal Report|Tags: , |

The Scherzer Deal Report: September 28 – October 2, 2026

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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

Ares Management
$4.2B
PE secondaries strategies fund

Dorm Room Fund
$50M
Second VC fund

Investcorp
$1.22B
Scond North American PE fund

Rising Point Capital

$325M
Debut fund focused on lower midmarket services companies

Stride Consumer Partners
$550M
Second fund

Private Equity Deals

Spectrotel
AireSpring
Undisclosed amount
Clearwater, FL-based provider of connectivity, managed services, and network infrastructure solutions

EMS
AMD Supply
Undisclosed amount
Deerfield Beach, FL-based distributor of fencing, hurricane shutters, and aluminum products

Long Lake Management
Amex GBT
$6.3B
New York City, NY-based business travel and expense management firm

Warner Pacific
Beere&Purves
Undisclosed amount
Walnut Creek, CA-based general agency for benefits brokers

CLEAResult
CHEERS
Undisclosed amount
Sacramento, CA-based platform for energy code compliance registration

Blue Sage Capital
Clean Team
Undisclosed amount
Toledo, OH-based janitorial services firm

Coalesce Capital
ClearDefense
Undisclosed amount
Raleigh, NC-based provider of residential pest control services in the Southeast

Fifth Ocean Capital and Tartan Investment Partners
Complete Production Resources
Undisclosed amount
Orlando, FL-based live event production and equipment rental provider

Gladstone Investment
Detroit Defense
Undisclosed amount
Troy, MI-based engineering services and systems integration firm

Roland Foods
Dot Foods
Undisclosed amount
Mt. Sterling, IL-based less-than-truckload consolidator for the food industry

TJP
Evolution Consulting & Research
Undisclosed amount
Exton, PA-based life sciences market research organization

MyEyeDr
EyeCare Partners
Undisclosed amount
St. Louis, MO-based optometry and ophthalmology practice

TRG
Fentron
Undisclosed amount
Westerville, OH-based cybersecurity and advisory firm

Carisk Partners
FirstCare Onsite
Undisclosed amount
Maitland, FL-based provider of onsite occupational healthcare services

Antin Infrastructure Partners
HP Helicopters
Undisclosed amount
Redlands, CA-based maker of specialty helicopters

Luminate Capital Partners
ITpipes
Undisclosed amount
Seattle, WA-based pipe inspection software for sewer and stormwater systems

PrimeSource Brands
JACLO
Undisclosed amount
Cranford, NJ-based distributor of plumbing products and decorative bath fixtures

Bain Capital
Kahua
$250M
Alpharetta, GA -based construction tech firm

Relation Insurance Services
LaPlaca Insurance
Undisclosed amount
Chalfont, PA-based provider of business insurance, employee benefits, and personal lines

Webster Equity Partners
Lifecore Biomedical
$663.7M
Chaska, MN-based injectable-grade hyaluronic acid manufacturer

AGS American Glass Services
Mark Industries
Undisclosed amount
Elgin, IL-based commercial glazing contractor

Nearly Natural
Modernized Pottery
Undisclosed amount
Miami, FL-based line of 3D-printed, eco-friendly planters and related home décor

Vortex Companies
Municipal & Contractors Sealing
Undisclosed amount
Cincinnati, OH-based trenchless services provider

One Equity Partners
Myriad360
Undisclosed amount
West Deptford, NJ-based systems integrator

Fusion Capital Partners
Pioneer Power Group
Undisclosed amount
Rockville, MD-based electrical power systems study company

Finalsite
Revtrak
Undisclosed amount
Glastonbury, CT-based school payments provider

Liberty Mutual Investments and Thayer Street Partners
SunHaven Management
Undisclosed amount
New York City, NY-based community association management platform

GTCR
Tactacam
$1B
Decorah, IA-based maker of cellular-connected cameras for the outdoor and security markets

Incline Equity Partners
The Conrad Company
Undisclosed amount
York, PA-based distributor and service provider of fluid power, motion control, automation and related industrial products

Diversis Capital
Tideworks Technology
Undisclosed amount
Seattle, WA-based provider of terminal operating systems for marine and intermodal rail terminal operations

Trading Technologies International
Trafix
Undisclosed amount
Mineola, NY-based provider of trading infrastructure solutions

Harrison Street
Vicinity Energy
$2.92B
Boston, MA-based provider of district energy solutions

Manna Tree
Zambezi
Undisclosed amount
Los Angeles, CA-based creative agency

Venture Capital Deals

UPMC Enterprises, Ziff Capital Partners, Cockrell Interests, and Tanis Ventures
Ai3Bio
$48M
Watertown, MA-based autoimmune biotech

Accel, a16z, Bain Capital Ventures, Redpoint, 8VC, Ballistic Ventures, Google Ventures, In-Q-Tel, Kleiner Perkins, and Menlo Ventures
Armadin
$255.5M
Palo Alto, CA-based cybersecurity startup led by Mandiant founder Kevin Mandia

Atreides Management, Valor Equity Partners, Premji Invest, Sutter Hill Ventures, Maverick Silicon, Nvidia, and Intel Capital
CScale
$145M
Palo Alto, CA-based optical interconnect developer

A16z, Animo Ventures, and Focal.vc
Doxx
$38M
Miami, FL-based private agentic defined networking platform

TQ Ventures, Eclipse, Union Square Ventures, Giant Ventures, Triatomic Capital, TO Capital, TF Capital, Mana Ventures, Toyota Ventures, Overmatch, and Borderless
Efficient Computer
$97M
Pittsburgh, PA-based developer of energy-efficient processors

Andreessen Horowitz, Bessemer Venture Partners, Ontario Teachers’ Pension Plan, Sapphire Ventures, and Navitas Capita
EliseAI
$350M
New York City, NY-based housing and healthcare AI automation company

Valor Equity Partners, Atreides Management, Sequoia Capital, Human Capital, Evantic, SV Angel, Odyssey, and EQT
Flow Engineering
$50M
San Francisco, CA-based agentic platform for hardware development

Lockheed Martin and Unusual Machines
Fortem Technologies
$50M
Lindon, UT-based airspace security company

ARCHIV, Nvidia, DSC Investment, Trend Micro, KB Investment, Kyobo Life, KT Corp, and CTBC
GMI Cloud
$668M
Mountain View, CA-based provider of GPU infrastructure and inference services

Oak HC/FT, YC, Orange Collective, FT Partners, and HeavyBit
Halluminate
$30M
San Francisco, CA-based developer of AI training environments for financial work

Khosla Ventures, Doerr Capital, CEV, Pear Ventures, Gates Frontier, Niterra SUISO no MORI Fund, Toyota Ventures, and Siemens Financial Services
Hertha Metals
$134M
Conroe, TX-based green steel producer

Saluda Grade, Continental General Insurance Co., Citi Ventures, Magnetar, Harmony Partners, Norwest, Adams Street Partners, LiveOak Ventures, Parker89, Era Ventures, and Javelin Venture Partners
Homeward
$120M
Austin, TX-based cash-back real estate financing company

Sequoia Capital, Benchmark Capital, and Coatue
Instinct
$1B
San Francisco, CA-based developer of general-purpose AI agents (i.e., rival to Meta’s Muse)

CoinFund, AllianceBernstein, Vista Equity Partners, Coinbase Ventures, a16z, and YC
Jeeves
$110M
Orlando, FL-based stablecoin-native banking platform for enterprises

Johnson & Johnson, Samsara BioCapital, Sheatree Capital, BMS, Kyowa Kirin, Sherpa Healthcare Partners, Western Technology Investment, and the MD Anderson Cancer Focus Fund
Link Cell Therapies
$30M
San Francisco, CA-based oncology cell therapy startup

Battery Ventures, Bessemer Venture Partners, and Coatue
Miter
$40M
San Francisco, CA-based construction workforce management platform

Future Ventur
Modulate
$25M
Somerville, MA-based audio AI startup Thoreau Ortet $500M New York City, NY-based frontier health

AI lab Long Journey Ventures, Abstract Ventures, BAM Ventures, Top Shelf Ventures, SuperAngel Fund, and AME Cloud Ventures
OuterSignal
$22M
New York City, NY-based agentic customer intelligence platform for brands

SignalFire, Fika Ventures, Permanent Capital Ventures, TTV Capital, and Dash Fund
Outmarket AI
$34.5M
San Francisco, CA-based AI platform for insurance

Insight Partners, Overmatch Ventures, and First Round Capital
Quartermaster
$100M
Arlington, VA-based maritime surveillance startup

AT&T Ventures, Forestay, and Quadrille Capital
Reco
$55M
Altamonte Springs, FL-based AI security startup

Paper Co., Cerity Partners Ventures, and G2 Ventures
Relay
$36M
Raleigh, NC-based smart radio startup

Fidelity, Amplify, Alter Venture Partners, Dell Technologies Capital, Maverick Capital, +ND Capital, Point72, StepStone Group, AllianceBernstein, Baron Capital, JPMorgan, and the State of Michigan
SiMa.ai
$150M
San Jose, CA-based physical AI startup

GIC, CapitalG, IronArc, and SquarePeg
Supabase
$150M
San Francisco, CA-based provider of backend tools for building AI apps B Capital, Black Opal Ventures, Denver Ventures, Pave Health Ventures, Alumni Ventures,

Gaingels, Pari Passu Ventures, Spero Ventures, The Venture City, and Overwater Ventures
Tiny Health
$33M
Austin, TX-based microbiome testing company

The Column Group, TCGX, and Viking Global Investors
TriGemX Bio
$94M
New York City, NY-based developer of migraine treatments

Lux Capital, Natural Capital, Founders Fund, Khosla Ventures, Caffeinated Capital, General Catalyst, 8090 Industries, Giant Step, and Also Capital
Varda Space
$251M
El Segundo, CA-based orbital drug manufacturer

Lachy Groom, Abstract Ventures, John Doerr, VXI Capital, Triatomic, Susa Ventures, Dwarkesh Patel, Naveen Rao, and Sholto Douglas
Volantis
$88M
San Francisco, CA-based inference semiconductor company

October 7th, 2026|Categories: Scherzer Deal Report|Tags: , |

The Scherzer Deal Report: September 21-25, 2026

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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

Bessemer Venture Partners  
$5.75B
New growth fund and new seed/early-stage fund

Private Equity Deals

Ridgeline Roofing & Restoration
Advantage Roofing & Exteriors
Undisclosed amount
Kalamazoo, MI-based roofing and exterior services contractor

Arcventis Health Partners
Aligned Modern Health
Undisclosed amount
Chicago, IL-based functional medicine company 

Forge
Becker’s Healthcare
Undisclosed amount
Chicago, IL-based health care industry events business

Granite Creek Capital Partners
Climarock
Undisclosed amount
Warsaw, MO-based provider of insulation panel systems for aboveground storage tanks

Copeland
Dickson 
Undisclosed amount
Addison, IL-based environmental monitoring and compliance firm 

LLR Partners Energy
CAP
Undisclosed amount
Boalsburg, PA-based utility and energy management platform

Odyssey Investment Partners
Falcon Gases
Undisclosed amount
New York City, NY-based packaged industrial gas provider

Vanguard Renewables
Generate Upcycle
Undisclosed amount
New York City, NY-based waste management company

Cornell Capital 
Hancock Claims Consultants
Undisclosed amount
Alpharetta, GA-based provider of claims field services to residential

P&C insurers Lone View Capital
HappyCo
Undisclosed amount
Carlsbad, CA-based property operations platform for multifamily housing

Verdence
Harvest Investment Consultants
Undisclosed amount
Hunt Valley, MD-based RIA

Audax Private Equity
Integral Consulting
Undisclosed amount
Boulder, CO-based science and engineering consultancy

Peakline Partners
Kalon
Undisclosed amount
Stamford, CT-based mid-ticket equipment finance platform

Ascend Learning
M7 Health
Undisclosed amount
New York City, NY-based automated health scheduling and staffing platform

H.I.G. Capital 
Mistras 
$866M
Princeton Junction, NJ-based provider of industrial asset integrity and lab testing solutions

Haelan Capital
NuView Health
Undisclosed amount
Boca Raton, FL-based virtual care provider

Shamrock Capital and Flexpoint Ford 
Podium Entertainment
$400M
Los Angeles, CA-based indie-author book and audiobook publisher

WSB
Poly
Undisclosed amount
Dothan, AL-based architecture and engineering firm

Media One
Premex Solutions
Undisclosed amount
Marietta, GA-based print-ready fabric supplier

Butterfly Equity 
Sabert
Undisclosed amount
Sayreville, NJ-based food packaging manufacturer

Veridian Healthcare
ScarScience
Undisclosed amount
Gurnee, IL-based scar treatment brand 

Climate Adaptive Infrastructure
SMT Energy
$268M
Boulder, CO-based developer of battery energy storage systems

PAR Excellence Systems
Terso Solutions
Undisclosed amount
Madison, WI-based provider of ultra-high frequency RFID inventory tracking tech for health care

Verdane 
Xpansiv
Undisclosed amount
New York City, NY-based provider of registries, marketplaces, and data for energy transition markets

Venture Capital Deals

Lightspeed, Redpoint Ventures, Duration Ventures, Sierra Ventures, and Bain Capital Ventures
Ande
$52M
New York City, NY-based “AI-native network for corporate entertainment”

Accel, Index Ventures, and Emergence Capital
Ando
$20M
San Francisco, CA-based messaging platform for teams working alongside AI agents

NEA, Frist Cressey Ventures, and 25m Health
Basalt Health
$20M
Nashville, TX-based provider of post-acute care software

S32, Anthropic’s Anthology Fund, Catalio, European Tech Collective, Firebrand River Capital, Inception Fund, King Philanthropies, NATO Innovation Fund, Nvidia, PostScriptum, Redalpine, The Rockefeller Foundation, Singular, Sovereign AI, and True Ventures
Basecamp Research
$140M
Cambridge, MA-based developer of AI models for therapeutic designs

M13, Picus Capital, Afore Capital, and Torch Capital
Baselayer
$35M 
New York City, NY-based provider of fraud detection for banks and other financial institutions

DFJ Growth, Premji Invest, Catalio, LG Technology Ventures, Sigmas Group, 8VC, Alexandria Venture Investments, Amgen, a16z, Discovery Ventures, Grids Capital, Intermountain Ventures, Lilly Ventures, Merck Global Health Innovation Fund, Quadrille Capital, and Section 32
BigHat Biosciences
$75M
San Mateo, CA-based protein therapeutics developer

Entrée Capital, Work-Bench, Emerge Ventures, and Bright Pixel Capital
Chamelio
$26M
New York City, NY-based AI platform for in-house legal teams

Insight Partners, Trenches Capital, Watchfire, Barrel Ventures, Footwork, and YC
Confido
$55M
New York City, NY-based startup that automates back-office operations for consumer brands

Goldman Sachs Alternatives
Cyera
$400M
New York City, NY-based data security company

Creaegis, Accel, S32, and Prosus
Ema
$77M
Mountain View, CA-based developer of enterprise agents

Catalio, Durable Capital Partners, Iconiq, Lightspeed, Surveyor Capital, T. Rowe Price, Digitalis Ventures, Alderline Group, Baillie Gifford, Premji Invest, FPV Ventures, True Ventures, Kinnevik, Dimension, Lifeforce Capital, and Lux Capital
Enveda
$311M
Boulder, CO-based drug discovery startup that focuses on medicinal plants

Smash Capital, Altos Ventures, Nexus Venture Partners, YC, Freestyle, and Offline
Firecrawl
$75M
San Francisco, CA-based library of official data for AI agents

Updata Partners, GFT Ventures, and Launch
Go.AI
$85M
Chicago, IL-based seller of AI hardware appliances to banks

Left Lane Capital
Hifi
$37M
New York City, NY-based company helps businesses move money between bank accounts and stablecoins

Smith Point Capital, Seraphim, Carthona Capital, Earthshot Ventures, RPM Ventures, and YC
Hubble Network
$200M
Seattle, WA-based developer of space-based Bluetooth connectivity solutions

Evolution Equity Partners
Island
$400M
Dallas, TX-based enterprise internet browser and control layer

Samsung C&T
Kairos Power
$100M
Alameda, CA-based nuclear reactor startup

Insight Partners, Salesforce Ventures, Geodesic, Benchmark, Mayfield, FCVC, YC, and Uncork
Numeral
$100M
San Francisco, CA-based sales tax compliance platform

Socratic Partners and Hudson River Trading
PicoJool
$27.5M
Palo Alto, CA-based semiconductor laser diode startup

Quiet Capital, Gradient, Haystack, and Compound
Polyphron
$20M
New York City, NY-based developer of human tissue models for drug development

The Ackman Oxman Institute, Pershing Square, undisclosed life sciences fund, Duquesne Family Office, B Capital Group, ARK Invest, Invus, Mubadala Capital, Mirae Asset Capital, Korea Investment Partners, Hitachi Ventures, and JSL Health Capital
Precision Neuroscience
$250M
New York City, NY-based brain-computer interface startup

NOA VC, Upfront Ventures, DCVC, Lowercarbon Capital, Dream Ventures
Rainmaker
$100M
El Segundo, CA-based cloud seeding startup

Francisco Partners, Thrive Capital, and Khosla Ventures
Rightway
$155M
New York City, NY-based pharmacy benefit management and care navigation startup

Emergence Capital and Costanoa
Sela
$21M
San Francisco, CA-based provider of voice agents to automate mortgage sales calls

Insight Partners, S32, Addition, March Capital, Blumberg Capital, Allegis Capital, Frontline, Standard, Third Point Ventures, Greylock, Lightspeed, GV, Factory, Prosperity7, Walden Catalyst, and Wells Fargo
Snorkel AI
$350M
San Francisco, CA-based AI data development platform

Bain Capital Ventures, Gigascale Capital, Long Journey, Felicis, Dylan Field, and JPMorgan
Solcoa Industries
$75M
Alameda, CA-based producer of rare earth metals

.406 Ventures, Emerson Collective, Serena Ventures, and Japan’s MPower Partners
Teal Health
$22M
San Francisco, CA-based self-collection device for at-home HPV cervical cancer screening

Alive HealthTech Growth Fund, Deep Insight, Star51 Capital, Connecticut Innovations, eHealth Ventures, Mayo Clinic Ventures, NYU, and Iron Nation
UltraSight
$24M
Boston, MA-based developer of cardiac workflows

September 30th, 2026|Categories: Scherzer Deal Report|Tags: , |

Navigating FCRA Compliance for Board Member Background Checks

When considering background screening of prospective or current board members, organizations often encounter a subtle but critical legal question: Does the Fair Credit Reporting Act’s (FCRA) “employment purpose” apply to non-employee positions like board directors?

The Regulatory vs. Judicial Divide

The ambiguity stems from a split between federal regulatory interpretation and court rulings across different jurisdictions:

  • The FTC’s Broad View
    The Federal Trade Commission (FTC) has historically taken the position that “employment purposes” under the FCRA should be interpreted liberally to fulfill the law’s remedial protections. Under this broad reading, FCRA provisions extend to individuals performing duties for an entity, even if they aren’t technically common-law employees, such as independent contractors.
  • The Judicial Approach
    Several federal district courts have explicitly rejected the FTC’s position. Courts in Iowa, Wisconsin, and Ohio applied a strict common-law definition of “employee,” holding that the FCRA’s specific “employment purpose” provisions do not extend to non-employees. Notably, federal district courts in California did not follow the Wisconsin precedent, choosing instead to align with the FTC’s broader interpretation. Because no federal court of appeals has issued a binding ruling on this matter, the application of “employment purpose” to board screening remains unsettled nationwide.

Written Consent

Organizations do not need to rely solely on the ambiguous “employment purpose” standard to screen board members. Under FCRA Section 604(a)(2), a consumer reporting agency may lawfully furnish a consumer report whenever it is done “in accordance with the written instructions of the consumer to whom it relates.”

 

Disclaimer: This communication is for general informational purposes only and does not constitute legal advice. The summary provided in this alert does not, and cannot, cover in detail what employers need to know about the amendments to the Philadelphia Fair Chance Law or how to incorporate its requirements into their hiring process. 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.

September 28th, 2026|Categories: Compliance Corner for Employment Decisions|Tags: , |

The Scherzer Deal Report: September 14-18, 2026

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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

Carlyle
$2.3B
Second infrastructure credit fund

Goldman Sachs Asset Management
$11.7B
Ninth flagship PE fund, Asia-focused fund, and co-investment vehicles

Morgan Stanley Investment Management
$1.3B
Debut growth equity fund

Pulse Fund
$63M
Debut fund

Private Equity Deals

Danforth Health
Ambit RD
Undisclosed amount
Morristown, NJ-based provider of patient identification services for biopharma

Western Pavement Services
Andersen Asphalt
Undisclosed amount
West Haven, UT-based provider of asphalt maintenance services

Centauri
Benny the Benefits Navigator
Undisclosed amount
Coralville, IA-based platform for streamlining public benefits applications

Endpoint Clinical
Bluefin
Undisclosed amount
Boston, MA-based provider of clinical supply forecasting and planning tech

Allyant
Braille Works
Undisclosed amount
Seffner, FL-based provider of accessible alternative format communications

Vortex
CLH & Son
Undisclosed amount
Auburn, ME-based infrastructure contractor

Pacific West
Coleman
Undisclosed amount
Kansas City, MO-based provider of construction and repair services for rail and industrial facilities

Tallvine Partners
Crosby Enterprises
Undisclosed amount
Galliano, LA-based provider of marine infrastructure solutions across the U.S. Gulf Coast and inland waterways

NMS Capital
Endoscopy Corp. of America and Medical Optics
Undisclosed amount
Southfield, MI-based endoscope repair parts supplier & Tamarac, FL-based surgical instrument provider

H.I.G. Capital
EverRise Lift Group
Undisclosed amount
Millersville, MD-based elevator service and modernization platform

Blackstone
Flow Control Holdings
Undisclosed amount
Cincinnati, OH-based provider of flow control solutions and components

StayTerra
Gather Vacations
Undisclosed amount
Honolulu, HI-based manager of luxury vacation rental properties in Hawaii and the West Coast

Verlinvest 
HomeExchange
Undisclosed amount
New York City, NY-based home-swapping platform

Graham Partners 
Immix
Undisclosed amount
Charlotte, NC-based provider of software for remote video monitoring and security operations centers

Loenbro
Prism Electric
Undisclosed amount
Garland, TX-based contractor in Texas and Oklahoma

Sheridan Capital Partners 
PtEverywhere
Undisclosed amount
Raleigh, NC-based provider of practice management and payments software for outpatient physical therapy providers

Brookfield Asset Management
Reliance Worldwide
$2.9B
Atlanta, GA-based plumbing supplies manufacturer

Genstar Capital 
Richey May
Undisclosed amount
Denver, CO-based accounting and advisory firm

Ivy Fertility
Santa Barbara Fertility Center
Undisclosed amount
Santa Barbara, CA-based fertility clinic

Vitruvian Partners
Smartling
Undisclosed amount
New York City, NY-based provider of enterprise translation software

Bertram Capital
Starc Systems
Undisclosed amount
Brunswick, ME-based maker of reusable temporary containment wall systems

TPG 
Tablet Command
Undisclosed amount
Walnut Creek, CA-based provider of incident management and response software for fire departments and emergency response agencies

Venture Capital Deals

Tidemark, a16z, Emergence Capital, Pathlight, Definition, and 3KVC
Adaptive
$30M
New York City, NY-based provider of accounting software to construction contractors

Vitruvian Partners, Town Hall Ventures, Blumberg Capital, Portage Ventures, PruVen Capital, and YC
Angle Health
$600M
San Francisco, CA-based health-care benefits platform

Insight Partners, Theory Ventures, Construct Capital, Gradient Ventures, and 10VC
BackOps
$42M
San Francisco, CA-based supply chain management startup

Piva Capital, Clean Energy Ventures, Prelude Ventures, Zero Infinity Partners, Inovia, Whitecap, and Active Impact Investments
Branch Energy
$33M
Houston, TX-based installer of batteries in commercial buildings

Madrona and Inspired Capital
BuyWander
$21M 
Spokane, WA-based auction platform for retail returns

Moore Strategic Ventures, Coreline Ventures, HR Tech Fund, Woven Capital, Atomico, Globis Capital Partners, and JPS Growth Investment
Caddi
$114M
Chicago, IL-based manufacturing automation firm

Roo Capital and Grand Ventures
Comp AI
$34M
Miami, FL-based security and compliance platform

IAG Capital Partners
Cornelis Networks
$205M
Wayne, PA-based data center infrastructure startup

Atreides Management, Mubadala Capital, and Valor Equity Partners
Crusoe
$3.9B
Denver, CO-based data center developer that’s been speaking to banks about an IPO

Matrix, Playground, Socratic Partners, Capricorn, Matter Venture Partners, and IAG
Delos Data
$100M
Palo Alto, CA-based semiconductor and software startup

Catalio Capital Management, US Fertility Innovation Fund, Rethink Impact, Muse Capital, Alumni Ventures, LabCorp Venture Fund, and General Catalyst
Evvy
$40M
New York City, NY-based women’s health diagnostics startup 

Blackstone, Khosla Ventures, Sequoia Capital, Insight Partners, Evantic Capital, Sound Ventures, NEA, Mantis VC, and Clearlake
Factory
$200M
San Francisco, CA-based AI coding startup

Expa, Coinbase Ventures, Tenet Fund, and Second Sight Ventures
Fin
$20M
New York City, NY-based financial infrastructure company

Xora, Mayfield, Aramco Ventures, Sanjay Mehrotra, and Jerry Yang
Hang Ten Systems 
$53M
Palo Alto, CA-based AI services adoption company 

Insight Partners, YC, Commerce Ventures, and Fifth Wall
Kastle
$24M
San Francisco, CA-based AI workforce platform for consumer lending

Insight Partners, Trust Ventures, and Caffeinated Capital
Luzern Risk
$45M
New York City, NY-based captive insurance platform

Centaurus Capital, Doerr Capital, ConocoPhillips, Shell Ventures, SiteGround Capital, H. Barton Asset Management, the Jeffrey and Marieke Rothschild Foundation, Khosla Ventures, and Gates Frontier
Mazama Energy 
$135M
Frisco, TX-based superhot geothermal energy developer

Obvious Ventures, Headline, and AGI House
Mithrl
$20M
San Francisco, CA-based AI infrastructure company for biopharma

Baillie Gifford, BAI, and JPMorgan
Nex
$150M
San Francisco, CA-based gaming console maker

Eclipse, Craft Ventures, The Westly Group, Swish Ventures, Factory, Incite Ventures, Gigascale Capital, Operator Partners, and Liquid 2 Ventures
Noetive
$41M
San Francisco, CA-based developer of self-improving AI for physical industries

Lightspeed, Accel, South Park Commons, Nvidia, and Define Ventures
Nuance Labs
$50M
Seattle, WA-based startup focused on making AI conversations more “human”

Thoreau, Bertelsmann Healthcare Investments, Twine Ventures, and Seedcamp
Penelope Health
$100M
New York City, NY-based provider and payer policy intelligence platform

Piva Capital, RA Capital Management, Breakthrough Energy Ventures, Gigascale Capital, Google, and Khosla Ventures
Planted
$31.8M
Oakland, CA-based developer of robots for building solar farms

Walden Catalyst Ventures, Socratic Partners, Cambium Capital, Knollwood, Hudson River Trading, Koch Disruptive Technologies, M Ventures, Rhapsody Venture Partners, Buff Gold Ventures, and Blue Sky Capital
Polaris Electro-Optics
$50M
Carlsbad, CA-based optical interconnects developer

Quiet Capital, Gradient, Haystack, and Compound
Polyphron
$20M
New York City, NY based developer of human tissue models for drug development

Kleiner Perkins, Sequoia Capital, Lightspeed, and Khosla Ventures
Profound
$180M
New York City, NY-based AI marketing startup for brands 

USVP, Santé, Oxford Science Enterprises, 415 Capital, IAG Capital Partners, the Vertical Group, and Dendrion Ventures
ReEmerge
$37M
Edina, MN-based cognitive impairment medtech startup

Spark Capital, Union Square Ventures, Lowercarbon Capital, Activate Capital, Committed Capital, Timeless Partners, and Logos Fund
Rune
$40M
San Francisco, CA-based developer of solar power solutions for data centers

Forbion, TPG Life Sciences Innovations, and Sectoral Asset Management
Sling Therapeutics 
$123M
Ann Arbor, MI-based developer of oral treatments for thyroid eye disease

Lightspeed, Wellington, Goldman Sachs, Tiger Global, T. Rowe Price, SV Angel, a16z, Sequoia Capital, Index Ventures, Sapphire Ventures, GIC, and Amplify 
Temporal
$550M
Bellevue, WA-based microservices orchestration startup

The General Partnership, Index Ventures, Scale Venture Partners, General Catalyst, and a16z
Thatch
$108M
San Francisco, CA-based health benefits company

DCVC
TypeSafe AI
$40M
San Francisco, CA-based composable AI startup

Walden International, CDIB Capital Group, Stalwart Ventures, Baseline Ventures, Era Ventures, Morado Ventures, and SOSV
Viabot
$24M
Santa Clara, CA-based developer of autonomous robotics for outdoor property maintenance

DoorDash
Wonder
$125M 
New York City, NY-based food retailer and tech platform

September 23rd, 2026|Categories: Scherzer Deal Report|Tags: , |

The Scherzer Deal Report: September 7-11, 2026

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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

Apogem Capital  
$597M
11th fund

Frazier Life Sciences  
$1.1B
Public biotechs focused fund

PennantPark Investment Advisers 
$745M
Private credit CV

Peterson Partners 
$510M 
Single-asset VC for Kelso Industries

Pinegrove Venture Partners
$1.5B 
12th fund

Rohati Capital 
$50M
Debut fund

TrueBridge Capital Partners 
$508M
Second VC secondaries fund

Volition Capital
$950M
Sixth fund

Private Equity Deals

Eir Partners
Accumulus Technologies
Undisclosed amount
San Francisco, CA-based provider of life sciences regulatory SaaS

Precera Medical
Additive Metal Services
Undisclosed amount
Port Huron, MI-based provider of metal injection molding and sinter-based additive manufacturing

Bregal Sagemount 
A-Rent Test Equipment
Undisclosed amount
Chicago, IL-based provider of electrical test equipment rentals, calibration, and asset management services

Sverica 
Atrium
Undisclosed amount
Bozeman, MT-based consulting and data transformation firm focused on Salesforce and Snowflake

American Equipment Solutions
BC Wire Rope & Rigging
Undisclosed amount
Anaheim, CA-based full service provider of wire rope, slings, chain, hoists, and rigging equipment

H.I.G. Capital
Click Here Digital
Undisclosed amount
Baton Rouge, LA-based digital marketing agency

Pavion
Communication Company
Undisclosed amount
South Bend, IN-based technology solutions provider

Apollo 
Cumberland Farms
$500M
Westborough, MA-based convenience store chain

Homewerks
GTR Technologies
Undisclosed amount
Seattle, WA-based maker of ventilation fans and other home improvement products

New Water Capital
LidWorks
Undisclosed amount
Plant City, FL-based maker of food and beverage lids

The State Group
Mel-Kay Electric
Undisclosed amount
Evansville, IN-based mechanical, electrical and plumbing contractor

One Equity Partners
Metro East Industries
Undisclosed amount
Alorton, IL-based provider of train maintenance and repair services

Apax Partners
NextGen Security
Undisclosed amount
Exton, PA-based provider of security systems integration services

Vion Biosciences
Prolytix
Undisclosed amount
Essex Junction, VT-based provider of bioanalytical lab services

PSG 
Real Estate Business Analytics
Undisclosed amount
Littleton, CO-based provider of multifamily housing industry data

CBTS
Recovery Point Systems
Undisclosed amount
Gaithersburg, MD-based provider of disaster recovery and cyber resiliency solutions for enterprise IT

Chimney Rock Equity Partners
Russell Equipment
Undisclosed amount
Twinsburg, OH-based provider of off-lease aftermarket material handling equipment and parts

Point 41 Capital Partners
Safe-Way Garage Doors
Undisclosed amount
Warsaw, IN-based overhead garage door manufacturer and distributor

Watkins
Sauer Brands
Undisclosed amount
Richmond, VA-based spice business

Macquarie Asset Management
SI Solutions
Undisclosed amount
Huntersville, NC-based provider of structural integrity engineering and testing for critical infrastructure

MKB
Siltworm
Undisclosed amount
Merrillville, IN-based maker of erosion and sediment control products

Dollar Shave Club
Truly Beauty
Undisclosed amount
Los Angeles, CA-based Gen Z-focused body care company

Belle Brands
Vegamour
Undisclosed amount
Los Angeles, CA-based hair longevity brand

FFL Partners
Waylin Partners
Undisclosed amount
Chicago, IL-based Office of CFO advisory firm

Venture Capital Deals

Greylock, A*, Category Ventures, BoxGroup, and Icehouse Ventures
Antioch
$32M
New York City, NY-based simulation platform for physical AI

Acadia Investment Partners
ARC
$60M
Philadelphia, PA-based enterprise device management platform for frontline retail workers

JMI Equity, TCV, Entrée Capital, Bessemer Venture Partners, CRV, and Alven
Archy
$50M
San Jose, CA-based provider of practice-management software to dental offices

Alchip, AMD, Intel, MediaTek, and Nvidia
Ayar Labs
$150M
San Jose, CA-based developer of co-packaged optics

Fin Capital, SMBC, Hannah Grey VC, National Bank of Canada, YC, Penny Jar Capital, Cardumen Capital, and Treasury
Blee
$27M
New York City, NY-based provider of marketing compliance software

Silverton Partners
Bluecore Energy
$50M
Long Beach, CA-based developer of small nuclear reactors on barges that could power ports

Undisclosed private family fund and foundation, WRF Capital, and Seattle Children’s
BrainChild Bio
$116M
Seattle, WA-based developer of CAR T-cell therapies to treat pediatric brain tumors

Atreides Management, Valor Equity Partners, CapitalG, Sutter Hill Ventures, and Maverick Silicon
Celero Communications
$275M
Irvine, CA-based developer of DSP technology for AI infrastructure

Wellington, a16z, Sequoia Capital, DST Global, and CapitalG
Clay
$115M
New York City, NY-based sales automation startup

a16z, Accel, Founders Fund, General Catalyst, and Avenir
Cognition
$2B
New York City, NY-based AI coding startup

a16z, Founders Fund, Lux Capital, 8VC, and Lightspeed
Covenant
$250M
Washington, DC-based startup missile maker

Lightspeed, Picture Capital, and Redpoint Ventures
Cylake
$245M
Sunnyvale, CA-based “cybersecurity platform for operational sovereignty”

AlleyCorp, Uncork Capital, Renegade Partners, and SemperVirens
Epsilon Health
$27M
San Francisco, CA-based provider of AI-enabled radiology services

Bain Capital Ventures, Thrive Capital, General Catalyst, Accel, Redpoint, BoxGroup, and Pear VC
Forus
$150M
New York City, NY-based AI platform for doctors’ offices

Diffusion, Lightspeed, Sequoia Capital, Kleiner Perkins, a16z, Coatue, Conviction, Elad Gill, Goldman Sachs, GIC, Evantic, Sapphire Ventures, and Whale Rock
Harvey
$550M
San Francisco, CA-based legal AI platform

NewView Capital, Insight Partners, Primary Venture Partners, Scale Venture Partners, Vintage Investment Partners, Lightbank, Avenir Growth Capital, Story Ventures, and Camber Creek
Inspiren
$70M
New York City, NY-based senior living tech startup

Oak HC/FT, NEA, Coinbase Ventures, Lightspeed Faction, OpenFX, and Wilson Sonini|
Lattitude
$35M
San Francisco, CA-based cross-border payments infrastructure startup

A16z, Maverick Capital, Coatue, Audacious, Alumni Ventures, Greylock, and Lightspeed
Lightfield
$47M
San Francisco, CA-based CRM for “companies that run on agents”

Ribbit Capital, Infinite Capital, Bedrock Capital, and Sequoia Capital
Mach Industries
$600M
Austin, TX-based aerospace defense-tech startup

RoboStrategy, LocalGlobe, Vine Ventures, and XTX Markets Ventures
Maven Robotics
$100M
Santa Clara, CA-based warehouse robotics startup

Alpha Wave, YK Bioventures, Eli Lilly, Gaorong Ventures, Arch Venture Partners, Khosla Ventures, and Future Ventures
Moonwalk Biosciences
$70M
San Francisco, CA-based developer of RNAi medicines for obesity and cardiometabolic diseases

Nasdaq
Payward
$100M
Cheyenne, WY-based parent company of crypto exchange Kraken

Silversmith Capital Partners and Arthur Ventures
Perry Weather
$110M
Dallas, TX-based provider of weather monitoring software

TQ Ventures, Hanwha Asset Management, G Squared, JAWS, Starship Ventures, Draper Associates, and Drover Ventures
Poseidon Aerospace
$60M
San Francisco, CA-based developer of cargo-hauling unmanned aircraft

NEA, Atreides Management, Valor Equity Partners, Andra Capital, Dylan Patel’s Semi Analysis Capital, and Jim Clark
Positron AI
$875M
Reno, NV-based AI inference hardware company

Halo Fund, Thrive Capital, Industry Ventures, Canvas Prime, Index Ventures, House Fund, Euclidean Capital, Alumni Ventures, and Vestigo Ventures
Savvy Wealth
$100M
New York City, NY-based provider of back-office tech for RIAs

RA Capital Management, Canaan Partners, and Forbion
Solstice Oncology
$225M
Boston, MA-based immunotherapy startup

Point72 Ventures, Spark Capital, General Innovation, Glade Brook Capital, US Innovation Technology, Washington Harbour Partners, Woven Capital, and YC
Stoke Space
$1B
Kent, WA-based maker of reusable rockets

Spark Capital
TAR
$120M
Austin, TX-based developer of off-grid power systems for AI data centers

Insight Partners, Medical Excellence Capital, M Ventures, and Pfizer Ventures
TwoStep Therapeutics
$62.5M
San Carlos, CA-based cancer-focused biotech

Unless, Drive Capital, Tiger Global, Highland Capital Partners, and Tectonic Ventures
Vecna Robotic
$31M
Waltham, MA-based provider of flexible material handling automation solutions

Agora
Vheda Health
$47M
Columbia, MD-based health outcomes and analytics platform

LIP Ventures and Inven Capital
Wint
$36M
New York City, NY-based provider of water management intelligence

September 16th, 2026|Categories: Scherzer Deal Report|Tags: , |

The Scherzer Deal Report: August 31-September 4, 2026

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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

A16z
$8.5B
Fifth growth fund 

Carrick Capital Partners  
$600M
Single-asset CV focused on identity security company Saviynt

Private Equity Deals

KKR 
A1 Garage Door Service
$2B
Phoenix, AZ-based residential garage door repair and replacement company

Great Hill Partners
Aurenity
Undisclosed amount
West Hartford, CT-based excess & surplus managing general agent

RTB Holdings
Boost Transport
Undisclosed amount
Gainesville, GA-based provider of managed transportation services

Sequoia Financial Group
BSW Wealth Partners
Undisclosed amount
Boulder, CO-based RIA with $2.3b in client assets under management

Valence Surface Technologies
Cametoid TechnologiesUndisclosed amount
Manchester, CT-based provider of ion vapor deposition surface treatments for aerospace and defense

Reworld Waste
Clean & Green Recycling, ClearFlo Technologies and EnviroTec
Undisclosed amount
Long Island, NY-based environmental solutions companies

Levine Leichtman Capital Partners
Colt Group
Undisclosed amount
Pasadena, TX-based provider of specialty industrial services

Blue Sea Capital 
CompletePet
Undisclosed amount
Miami, FL-based maker of pet wellness products

MacLean Power Systems
Delta Star
Undisclosed amount
Lynchburg, VA-based provider of power transformers and mobile substation solutions

Voltaris Power
Electronic Power Design
Undisclosed amount
Houston, TX-based provider of power distribution equipment for data centers

Aquiline 
Flourish
Undisclosed amount
New York City, NY-based wealthtech platform

Marco Sealing Solutions
Global O-Ring and Seal
Undisclosed amount
Houston, TX-based distributor of industrial sealing products

Flexstone Partners
Glouston Capital Partners
Undisclosed amount
Boston, MA-based PE secondaries manager

Truelink Capital 
JT Thorpe Group
Undisclosed amount
Salt Lake City, UT-based provider of industrial maintenance and thermal management services

Trimlite
KW Building Products
Undisclosed amount
Lexington, KY-based wholesale distributor of residential doors, windows, and related building products 

TSG Consumer
Los Tacos No. 1
Undisclosed amount
New York City, NY-based taco restaurant chain

Trafera
Morris Electronics
Undisclosed amount
Morris, MN-based IT company

GreenArrow
MSL Electric
Undisclosed amount
Anaheim, CA-based electrical contractor

Citrix
Numecent
Undisclosed amount
Irvine, CA-based application virtualization tech company 

H.I.G. Capital 
Outcomes One
Undisclosed amount
Orlando, FL-based provider of clinical network services and pharmacy tech

Midland Industries
Pegasus Supply Group
Undisclosed amount
Noblesville, IN-based provider of industrial and electronic connection products

LongRange Capital 
Pizza Hut
$1.5B
Plano, TX-based pizza chain

Veryon
Polaris Aero
Undisclosed amount
Scottsdale, AZ-based aviation software company

Aria Care Partners
Precision Mobile Care
Undisclosed amount
Park City, UT-based provider of mobile onsite preventive and restorative dental care

West Physics Consulting
Radiographic Testing Services
Undisclosed amount
Albany, NY-based medical equipment services provider

Bernhard Capital Partners 
Revenew International
Undisclosed amount
Houston, TX-based provider of cost recovery and performance improvement solutions

ALKU
RockITdata
Undisclosed amount
Philadelphia, PA-based tech consultancy

Pye-Barker Fire & Safety
Suppression Systems
Undisclosed amount
Tacoma, WA-based fire suppression company

Ally Waste
Swift Integrated Services
Undisclosed amount
Provo, UT-based provider of dumpster management and waste brokerage services

Corridor Capital
Titan Investors
Undisclosed amount
Miami, FL-based producer of investment events

Oaktree 
Vivax-Metrotech

Undisclosed amount
Santa Clara, CA-based maker of locating and inspection devices for utility infrastructure

Venture Capital Deals

Sequoia Capital, Greenoaks, Swish Ventures, and Netz
AIR

$50M
New York City, NY-based inline firewall for agents


Khosla Ventures, XYZ Venture Capital, 2048 Ventures, BoxGroup, Liquid2, and Alumni Ventures
Aslan
$20.8M
Washington, DC-based maker of AI agents that act as operatives in national security missions

RA Capital Management, HanKang Capital, Qiming Venture Partners, YuanBio Venture Capital, and CDH Investments
Ausperbio
$120M
San Francisco, CA-based biotech focused on chronic hepatitis

BAtreides Management, Valor Equity Partners, and Mubadala
Crusoe
$3B
Denver, CO-based data center developer

Propel Bio Partners, Good Ventures, and Arrowtown
EIT Pharma
$35M
Kirkland, WA-based biotech focused on infectious diseasesa

16z
Felix Pago
$87M
Miami, FL-based money-transfer startup

A16z, Arm, and M12
Gimlet Labs
$300M
San Francisco, CA-based developer of AI inference software

Salesforce and Farallon Capital Management
HiBob
$166M
New York City, NY-based HR and benefits software startup

Delta-v Capital, Ten Eleven Ventures, M12, Microsoft’s venture fund, Morgan Stanley, and Booz Allen Ventures
HiddenLayer
$100M
Austin, TX-based enterprise AI security startup

Matrix Partners and Activate Capital
Light
$46M
Austin, TX-based enabler of embedded electricity products for businesses

Tiger Global, Goldman Sachs, G2 Venture Partners, and Scale Venture Partners
Locus Robotics
$41.6M
Wilmington, MA-based warehouse robot and software developer

Maverick Silicon, Fidelity, Atreides Management, Key1 Capital, and Ora Global
Lyte
$165M
Sunnyvale, CA-based robotics and AI startup

Greenoaks, Valor Equity Partners, Iconiq, and Imaginary Ventures
Medici Brands
$250M
New York City, NY-based parent company of David Protein and confectionery brand Hall

PassLabcorp Venture Fund, Merck Global Health Innovation Fund, and Innovatus Capital Partners
N-Power Medicine
$32M
Redwood City, CA-based cancer drug developer

Broadscale Group, FMO, Al Mada Ventures, USV, Equal Ventures, Abstract Ventures, Twelve Below, FJ Labs, MCJ, and Transition Ventures
Odyssey Energy Solutions
$27M
Boulder, CO-based platform for financing distributed renewable energy projects in emerging markets

Hughes & Co. and Health Enterprise Partners
PatientIQ
$30M
Chicago, IL-based patient outcomes data company

Breakthrough Energy Ventures, Dragon Global, Robot Ventures, Solari, Susa Ventures, SV Angel, Valkyrie, Balaji Srinivasan, and Anthony Scaramucci
Physical Superintelligence
$58M
Cambridge, MA-based developer of physical AI labs

1789 Capital
Polymarket
$300M
New York City, NY-based prediction-market platform

Energy Impact Partners, Counterpart Ventures, E12 Ventures, Global Brain, Thin Line Capital, Up Partners, LACI Impact Fund, Eclipse, VoLo Earth, Cubit Capital, RA Capital Management, MassMutual Catalyst, and Nor’easter
Reframe Systems
$40M
Andover, MA-based home construction platform

Altimeter, Madrona, Foundation Capital, S32, and Zetta Ventures
SciFin
$44M
San Francisco, CA-based revenue data startup

BVF Partners, Deep Track Capital, Perceptive Advisors, RA Capital Management, NVentures, Catalio Capital Management, and Eli Lilly
Superluminal Medicines
$60M
Boston, MA-based obesity drug developer

FTV Capital
TabaPay
$155M
Mountain View, CA-based provider of money-movement services to fintechs and lenders

Morgan Health, Humana, CVS Health Ventures, AlleyCorp, HealthQuest Capital, Foresite Capital, Concord Health Partners, Frist Cressey Ventures, Town Hall Ventures, and a16z
Thyme Care
$125M
Nashville, TN-based cancer care company

AN Venture Partners, RA Capital Management, ANRI, Gemseki, and SBI US Gateway Fund
Typewriter Therapeutics
$56M
Cambridge, MA-based developer of re-dosable genetic medicines

Marathon, Chemistry, Wing, AMD Ventures, Outset Capital, Fifty Years, and YC
Wafer
$40M
San Francisco, CA-based inference chip startup

September 9th, 2026|Categories: Scherzer Deal Report|Tags: , |
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