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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.

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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: , |

Rethinking MVR Checks Under Illinois’ New Driver’s License Law

With Illinois enacting HB4758, effective January 1, 2027, human resources leaders should evaluate the law’s broader implications for hiring practices.

The new law prohibits employers from listing a driver’s license as a job requirement unless driving is both an essential function of the position and a business necessity. Illinois joins a growing number of jurisdictions that are removing unnecessary barriers to employment and expanding access to qualified candidates.

Although HB4758 does not directly address background screening procedures, it raises an important question: If a role does not justify a driver’s license requirement, should an employer conduct a Motor Vehicle Record (MVR) check at all?

What HB4758 Does Not Change

  • MVR Checks Remain Permissible

HB4758 does not modify existing Illinois background screening laws. Employers may still obtain MVR reports as part of the hiring process.

  • Driving Roles Continue to Warrant MVR Screening

For positions where operating a vehicle is a core responsibility, requiring a driver’s license and reviewing an applicant’s driving record remains a standard and legally supportable practice.

  • Criminal Record Checks Are Unaffected

Employers may still discover driving-related offenses, such as DUI or OWI, through criminal record searches even when an MVR is not obtained.

Why Illinois Employers Should Reevaluate MVR Screening for Non-Driving Roles

Longstanding EEOC guidance provides that employment screening criteria should be job-related and consistent with business necessity. If an employer cannot justify requiring a driver’s license under HB4758, it may be difficult to demonstrate that an applicant’s driving record is relevant to the position.

 

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.

The Scherzer Deal Report: August 24-28, 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

Andreessen Horowitz 
$1.1B
Hardware infrastructure fund

GenNx360 Capital Partners 
$865M
Fourth fund

MassMutual Ventures 
$150M
Second climate tech fund

OpenAI  
$400M
Second corporate venture fund

Permanent Capital Ventures 
$200M
Second early-stage VC fund

StepStone Group 
$1.7B
Infrastructure secondaries fund

Private Equity Deals

TJC 
3dB Labs

Undisclosed amount
West Chester, OH-based provider of RF signal processing and spectrum analysis solutions

Imagenet
Analytica Consulting
Undisclosed amount
San Francisco, CA-based data consultancy

E Source
Aneden Consulting
Undisclosed amount
Seattle, WA-based interconnection and compliance firm

Mubadala Capital 
Arrive Logistics
Undisclosed amount
Austin, TX-based truckload brokerage 

Linden Capital Partners
ArtesRx
Undisclosed amount
Windermere, FL-based pharmacy business for complex patient populations

Vital Records Control
AskTuring
Undisclosed amount
San Diego, CA-based AI platform for analyzing internal data repositories

Apollo Atlantic
Aviation
$10B
Plano, TX-based private jet fixed-base operator

ATIS
AuditMate
Undisclosed amount
San Francisco, CA-based provider of elevator asset management technology

Kelso & Co.
Bearing Distributors
Undisclosed amount
Cleveland, OH-based distributor of bearings, power transmission and fluid power products

Nvidia 
Cloverleaf Infrastructure
Undisclosed amount
Houston, TX-based developer of clean energy-based data centers 

Vistria Group
Curi Capital
Undisclosed amount
Chicago, IL-based RIA 

WellStack
DeLorean AI
Undisclosed amount
Palm Beach, FL-based health care predictive analytics startup

Sound Growth Partners
Diamond Art Club
Undisclosed amount
Miami, FL-based diamond painting kit maker

360training
eMedCert
Undisclosed amount
Indianapolis, IN-based online ACLS, PALS and BLS certification course provider

Hidden Harbor Capital Partners
Escape Fire Protection
Undisclosed amount
Vadnais Heights, MN-based fire safety provider for commercial and industrial customers

DAZN
EverPass Media
Undisclosed amount
Greenwich, CT-based live sports media group

Sweetmore Bakeries
Fantasy Baking
Undisclosed amount
Sylmar, CA-based maker of private label cookies and bars

Secovia Capital 
Ferrovia
Undisclosed amount
Auburn, AL-based railroad vegetation management services provider

WSB
Foresight Planning & Engineering Services
Undisclosed amount
Austin, TX-based consulting firm

VetnCare
Geary Veterinary Hospital
Undisclosed amount
Walnut Creek, CA-based veterinary practice

Engage2learn
Instructional Coaching Group
Undisclosed amount
Lawrence, KS-based professional development platform for coaches, teachers, and administrators

FTV Capital
Kingsview Partners
Undisclosed amount
Grants Pass, OR-based wealth manager

Truvant
Multi-Pak Packaging
Undisclosed amount
West Caldwell, NJ-based contract packager

BVP Forge
Nevvon
Undisclosed amount
New York City, NY-based compliance and training infrastructure platform for home care and self-directed care workers

HighGrove Partners
O&A Landscaping
Undisclosed amount
Orlando, FL-based commercial landscaping company

Thurston Group
Pixel Health
Undisclosed amount
Holyoke, MA-based provider of IT consulting and MSP services to hospitals and large physician groups

Skimmer
Pool Builder Geek and Poologics
Undisclosed amount
Dripping Springs, TX-based & Tomball, TX-based pool construction software companies

Continuim Equity Partners 
Resodyn
Undisclosed amount
Butte, MT-based maker of mixing systems for industrial customers

AirPro Diagnostics
Revv
Undisclosed amount
New York City, NY-based OS for ADAS automotive repair workflows

Presidential HVAC
Shipley Plumbing, Heating & Air Conditioning
Undisclosed amount
Ashton, MD-based home services provider

NewBold Technologies
Spencer Technologies
Undisclosed amount
Medway, MA-based “tech lifecycle partner” to multi-site retail and hospitality brands

Industrial Physics
Vitrek
Undisclosed amount
Lockport, IL-based provider of electronic test and precision measurement equipment

Superstep Capital
Zencore
Undisclosed amount
San Francisco, CA-based independent Google Cloud consultancy

Venture Capital Deals

Define Ventures, Endeavor Health, Peak XV Partners, Yale New Haven Health Center for Health Care Innovation, Endeavor Health Ventures, YC, Counterpart Ventures, Ten13, and Spider Capital
Arintra
$25M
San Francisco, CA-based health care revenue assurance platform

General Atlantic
Blank Street
$105M
Brooklyn, NY-based coffee chain

Maverick Silicon
Celera Semiconductor
$30M
Santa Clara, CA-based analog chip developer

TQ Ventures, Benchmark, Nexus Venture Partners, Atreides Management, South Park Commons, and Zscaler
Deep Cognito
$43M
San Francisco, CA-based developer of hybrid reasoning models

Energize Capital, DCVC, Nvidia, Samsung Ventures, and GE Vernova
Emerald AI
$150M
Washington, DC-based startup

Merck Global Health Innovation Fund, S32, Ankona Capital, General Catalyst, Northpond Ventures, Polaris Partners, PTX Capital, and Zetta
Faro AI
$37.3M
San Diego, CA-based provider of structured data and AI infrastructure for clinical development

SBI Group
Fasset
$68M
Los Angeles, CA-based stablecoin neobanking platform

Lachy Groom, Acrew Capital, Operator Partners, Contrary, and Cooley
FSH Technologies
$20M
Philadelphia, PA-based developer of state and local government software

QIA, Koch Disruptive Technologies, Millennium Management, ARK Invest, and Intact Private Capital
Gatik
$200M
Santa Clara, CA-based developer of self-driving box trucks

8VC
Generalist
$200M
San Francisco, CA-based developer of robot “brains”

Benchmark and Index Ventures
Instinct
$250M
San Francisco, CA-based AI assistant startup

Accel and Conviction
Keenable
$26M
San Francisco, CA-based web search index for AI agents

Volition Capital
Levanta
$22M
Seattle, WA-based affiliate and creator platform for e-commerce brands

Matrix, Artis, and YC
Metriport
$26M
Sunnyvale, CA-based patient data retrieval startup

Goldman Sachs, Meritech Capital Partners, Redpoint Ventures, and Jack Altman
Owner
$240M
San Francisco, CA-based AI platform for restaurants and small businesses

Nabors Industries
Quaise Energy
$35M
Houston, TX-based geothermal drilling tech developer

Cycle Capital, Ciena, Goldman Sachs XIG-Industry Ventures, Hina Liberty Capital, Susquehanna International Group, InterVest, Safar Partners, Foothill Ventures, M Ventures, Osage University Partners, and Sierra Ventures
Quintessent
$40M
Santa Barbara, CA-based developer of quantum dot laser technology for AI data center interconnects

Mare Liberum and AE Ventures
Regent Craft

$120M
North Kingstown, RI-based maker of electric maritime vessels

Bain Capital, ABN Amro Clearing Bank, and Nyca Partners

RQD
$74M
New York City, NY-based clearing and custody firm

Universal Music Group, Sony Music Group, Warner Music Group, Electronic Arts, AMD Ventures, Pacific Alliance Ventures, Coatue, Greycroft, Eric Schmidt, and Sean Parker
Stability AI
$76M
Los Angeles, CA-based developer of audio models

8VC, Salesforce Ventures, Spark Capital, January Capital, First Trust Capital Partners, Socii Capital, Kindergarten Ventures, Calm Ventures, and Gaingels
Standard Metrics
$20M
San Francisco, CA-based portfolio management platform

Manhattan West, Nvidia, Cisco Investments, Cedar Capital, Goanna Capital, Standard Capital, Benchmark, EQT, Soma, NFX, and 776
Starcloud
$250M
Redmond, WA-based developer of orbital data centers

General Catalyst, Lux Capital, Breakout Ventures, Factory, Neo, SV Angel, MVP Ventures, Underscore VC, and Lyda Hill
Transfyr
$25M
Cambridge, MA-based “physical AI platform for real-world science”

Energy Impact Partners, John Doerr, Mantis VC, StepStone, Founders Fund, Overmatch Ventures, and Seven Stars
Voya Energy
$35M
Hayward, CA-based startup that helps convert scrap aluminum into backup power for data centers

September 2nd, 2026|Categories: Scherzer Deal Report|Tags: , |

The Scherzer Deal Report: August 17-21, 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

Broadwing 
$440M
Debut fund

Crestline Management 
$625M
Second Europe-focused PE fund

Floating Point 
$125M
Third fund

Homestead Capital 
$350M
Private credit fund

Makers Fund 
$250M
Fourth fund

Reach Capital 
$265M
Fifth fund

Private Equity Deals

Genstar Capital 
Ascensus
Undisclosed amount
Dresher, PA-based retirement and savings account provider 

Arctos Partners
Atlanta Falcons 
$10.6B
Atlanta, GA-based NFL franchise

John To Go
Bravo Site Services
Undisclosed amount
Long Island, NY-based portable toilet and trailer rental provider

Albireo Energy
Bryant Hammett & Associates
Undisclosed amount
Ferriday, LA-based civil engineering, land surveying and hazard mitigation firm

Summit Restoration Group
Capital Construction Services and Capital Fire & Water
Undisclosed amount
Richmond, VA-based emergency response and rebuild groups

New Heritage Capital
Carepoint Pharmacy
Undisclosed amount
Schaumburg, IL-based access hub and dispensing pharmacy

Ode
Casper Studios
Undisclosed amount
San Francisco, CA-based AI services firm

Providence Equity Partners 
CheckedUp
Undisclosed amount
New York City, NY-based patient education and engagement tech company

WSB
Civil Infrastructure Associates
Undisclosed amount
Murfreesboro, TN-based municipal engineering firm

River Associates Investments 
Diamond Wipes
Undisclosed amount
Chino, CA-based wet wipe maker

The Crest Group
Dukane
Undisclosed amount
St. Charles, IL-based maker of ultrasonic solutions and plastic joining technologies

Guidant Power

Dyna Scan Technical Services
Undisclosed amount
Cincinnati, OH-based infrared inspection firm specializing in health-care facilities

Astara Capital Partners
Dynatec Systems
Undisclosed amount
Burlington, NJ-based maker of industrial wastewater treatment systems

Uplift Investors
Engage Fi
Undisclosed amount
Tampa, FL-based financial services tech consultant

Stone Point Capital
Ever.Ag
Undisclosed amount
Lewisville, TX-based agri-food tech company

Shur-Co
Heavy Motions
Undisclosed amount
Ontario, CA-based maker of hydraulic systems and motion products

Ardian
Horse Creek and Electra
Undisclosed amount
Weinert, TX-based & Oklaunion, TX-based wind farms

Turnspire Capital Partners
Hulcher Services
Undisclosed amount
Denton, TX-based provider of rail infrastructure, maintenance, and field services

Security Fire Solutions Platform
Industrial Electronic Systems
Undisclosed amount
Rancho Cordova, CA-based provider of fire alarm, security, and life safety solutions

Risepoint
Keypath Education
Undisclosed amount
Chicago, IL-based health-care education company

Long Ridge Equity Partners
MarketSphere
Undisclosed amount
Atlanta, GA-based provider of unclaimed property compliance solutions

Genstar Capital
Oncourse Home Solutions
Undisclosed amount
Naperville, IL-based provider of home infrastructure warranties

Agellus Capital
Phillips Fire & Life Safety
Undisclosed amount
Houston, TX-based fire and life safety services company

SEVA Growth
Serif Health
Undisclosed amount
San Francisco, CA-based provider of healthcare price transparency data

Certerra
Skyrise Engineering and Testing
Undisclosed amount
Fort Lauderdale, FL-based geotechnical and materials testing firm

Trinity Consultants
Verux
Undisclosed amount
Sacramento, CA-based environmental consultancy

Francisco Partners
Weave Communications 
$650M
Lehi, UT-based patient engagement and payments platform

PSG
XBE
Undisclosed amount
Kansas City, MO-based “system of action” for heavy materials, logistics, and construction teams

Venture Capital Deals

New Leaf Venture Partners, abrdn, Bain Capital Life Sciences, Samsara BioCapital, Redmile Group, Mass General Brigham Ventures, RA Capital Management, Pontifax, Sanofi Ventures, Foresite Capital, NEA, Eurofarma Ventures, Kaitai Capital, Soleus Capital, Nancy Chang, Shang Bay, and Rock Springs Capital
Abcuro
$66M
Newton, MA-based biotech focused on autoimmune diseases and cancer

Prysm Capital, Eclipse, Greenoaks, and MVP Ventures
Also
$150M
Palo Alto, CA-based micromobility company 

FCVC, YC, Telesoft Partners, Alumni Ventures, Robinhood Ventures, Nucleation Capital, Pelion VC, and Duke Capital Partners
Apollo Atomics
$31M
Cambridge, MA-based MIT spinoff building pressurized water reactors

General Catalyst
Cityblock
$116M
New York City, NY-based urban primary care provider

Jane Street, Kleiner Perkins, Sequoia, a16z, Tiger Global, Bain Capital Ventures, Neo, Primary, Stripes, Positive Sum, and Blackstone
Etched
$700M
San Jose, CA-based builder of frontier inference clusters

Disruptive and Nvidia
Groq

$350M
Palo Alto, CA-based AI inference neocloud

DST Global, Tribe Capital, Goldman Sachs Alternatives, Smash Capital, Fifth Wall, Valor Capital, Intel Capital, Liberty Global Tech Ventures, Mirae Asset Capital, NTT Docomo Ventures, Accel, Menlo Ventures, AI Capital Partners, GFT Ventures, Capra Ventures, BAM Corner Point, and BroadLight Capital
Higgsfield
$400M
San Francisco, CA-based AI video generation startup

8VC, Townhall Ventures, aMoon Fund, Citi Impact Fund, Alumni Ventures, K2 HealthVentures, Autism Impact Fund, John Doerr, Richard Merkin, and the Leon Levine Foundation
Hopscotch Primary Care
$53M
Chicago, IL-based provider of primary care for rural communities

Eli Lilly, OrbiMed, Newpath Partners, Euclidean Capital, SV Health Investors’ Dementia Discovery Fund, Chugai Venture Fund, Alexandria Venture Investments, and PhiFund
Leal Therapeutics
$30M
Worcester, MA-based maker of neuro-metabolic therapeutics for CNS disorders

Eclipse Capital, Google, Salesforce Ventures, Galvanize, I Squared Capital, Woven Capital, Radical Ventures, Congruent Ventures, Costanoa Ventures, Activate Capital, ACME Capital, ArcTern Ventures, and Overlap Holdings
Muon Space
$250M
Mountain View, CA-based satellite startup

Sequoia Capital, American Strategic Technology Fund, Interlagos, Valor Equity Partners, Allen & Company, Thiel Capital, and Spark Capital
Neros Technologies
$250M
Torrance, CA-based drone manufacturer

Section 32, Thiel Bio, Founders Fund, Breyer Capital, Blue Venture Fund, and JSL Health Capital
Network Bio
$50M
Palo Alto, CA-based developer of disease-specific AI models

Ardenwood Ventures, CrimsonOx, UpHonest, Turbo, Llama Ventures, Neo, Fusion Fund, Defy, and Maynard Webb
Palona AI
$20M
Palo Alto, CA-based AI operating layer for physical businesses

Mercury Fund, Full In, CT Innovations, CP Overture, Charge Ventures, and Inspired Capital
Queen One
$25M
New York City, NY-based CRM

Rhapsody Venture Partners, Bell Ventures, and Faster Than Glass
Relativity Networks
$22M
Winter Park, FL-based developer of hollow-core fiber

O.G. Venture Partners, M Ventures, NFX, Vine Ventures, Qumra Capital, and TechAviv
Remepy
$36M
New York City, NY-based biotech whose lead candidate focuses on Parkinson’s disease

Archimed
Renata Medical
$25M
Newport Beach, CA-based maker of stents for pediatric congenital heart disease

Iconiq, a16z, and Sequoia Capital
Rillet
$100M
New York City, NY-based AI accounting startup

Battery Ventures, Bessemer Venture Partners, and CRV
Rundoo
$30M
Redwood City, CA-based  provider of a system of record for independent supply stores

Costanoa Ventures, First In, Point72 Ventures, Geodesic Capital, Nomi Capital, Felicis, Sapphire Ventures, Scribble Ventures, Fortitude Ventures, Bloomberg Beta, and Palumni VC
Smack Technologies
$61M
Austin, TX-based provider of battlefield software

Bessemer Venture Partners, Tribeca Venture Partners, and Aramco Ventures
Twin1 AI
$20M
San Mateo, CA-based digital twin creation platform

a16z, HRT Ventures, Next Ladder Ventures, 8VC, and Bloomberg Beta
Vals AI
$40M
San Francisco, CA-based AI evaluator

Seligman Ventures, Capricorn Investment Group, Prosperity7 Ventures, Mayfield, Maverick Silicon, MARA, Premji Invest, Samsung Catalyst Fund, and StepStone Group
Velaura AI
$110M
Santa Clara, CA-based developer of ultra-low-power silicon and software solutions

Menlo Ventures, Acrew, Forerunner, Goodwater, Peak XV, Together Fund, Livvy Dunne, Shaun White, Dak Prescott, DK Metcalf, Plus Capital, Notable Capital, NEA, Neo Ventures, 8VC, and MVP Ventures
Wispr
$280M
San Francisco, CA-based voice dictation tool maker

August 26th, 2026|Categories: Scherzer Deal Report|Tags: , |

The Scherzer Deal Report: August 10-14, 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

1789 Capital 
$1.2B
Real estate development fund

Accel  
$3.5B
New funds

WovenEarth Ventures 
$155M
Second fund

Private Equity Deals

Thoma Bravo 
Accelerant 
$4B
Atlanta, GA-based risk exchange platform for specialty insurance

Integrated Water Services
Advanced Equipment and Services
Undisclosed amount
Houston, TX-based water treatment solutions provider

Lindsay Goldberg
Alro Steel
Undisclosed amount
Jackson, MI-based distributor of metals and performance plastics

AEVEX 
BlackSea Technologies
$650M
Baltimore, MD-based developer of autonomous maritime and subsea systems

VSS Capital Partners 
Cordoba
Undisclosed amount
Los Angeles, CA-based provider of engineering, construction and program management services

Blue Point Capital Partners
Dumpsters.com
Undisclosed amount
Westlake, OH-based waste management and site services company

Astara Capital Partners
Dynatec Systems
Undisclosed amount
Burlington, NJ-based provider of membrane-based industrial wastewater treatment services

Atlas Merchant Capital
Edge Focus
Undisclosed amount
Chicago, IL-based provider of underwriting and portfolio management software for consumer credit

Trinity Hunt Partners
Fisher Management Partners
Undisclosed amount
Columbus, OH-based management consulting firm

R&B Wholesale Distributors
Grand Appliance
Undisclosed amount
Sturtevant, WI-based appliances and electronics distributor

New Mountain Capital
Jensen Hughes
Undisclosed amount
Columbia, MD-based fire protection engineering and nuclear risk engineering firm

CHG Healthcare
KREWE Anesthesia
Undisclosed amount
New Orleans, LA-based staffing firm specializing in certified registered nurse anesthetists

Airo Mechanical
Legrande’s Enterprises
Undisclosed amount
Myrtle Beach, SC-based specialty plumbing and HVAC firm

CAI Software
LLumin
Undisclosed amount
Springfield, MA-based computerized maintenance management system for manufacturers

Wolf-Gordon
Look Walls & Interiors
Undisclosed amount
Dallas, TX-based custom wallcovering maker

Bernhard Capital Partners
New Mexico Gas Co.
Undisclosed amount
Albuquerque, NM-based natural gas company

Apollo Sports Capital
New York Yankees
$2.6B
New York City, NY-based professional baseball team

Clarendon Capital
O’Donnell Metal Deck & Bar Joist
Undisclosed amount
Elkridge, MD-based independent metal deck and steel bar joist product distributor

Quad-C Management
Paradigm HSE
Undisclosed amount
Pasadena, TX-based provider of health and safety solutions to industrial customers

Amberjack Capital Partners
PMV Automation
Undisclosed amount
Houston, TX-based maker of water management parts

New Heritage Capital
PowerRail
Undisclosed amount
Exeter, PA-based maker of aftermarket locomotive parts

Currier Plastics
Sage Product Development
Undisclosed amount
Foxborough, MA-based medical device engineering, design and development provider

Velocity FBO Network
SkyPlace FBO
Undisclosed amount
San Antonio, TX-based fixed base operator services provider for aviation

Merit Financial Advisors
The Bridgeway Group
Undisclosed amount
Pasadena, CA-based wealth manager

Braemont Capital
Thought Logic Consulting
Undisclosed amount
Atlanta, GA-based enterprise consultancy

Second Nature Brands
Tillamook Country Smoker
Undisclosed amount
Vose, OR-based jerky brand

Goldman Sachs Alternatives
Tosca
Undisclosed amount
Atlanta, GA-based provider of reusable food packaging

Hightower Advisors
Valley Financial Group
Undisclosed amount
Ambler, PA-based wealth manager

Gridiron Capital
van den Boom & Associates
Undisclosed amount
San Diego, CA-based provider of outsourced back-office solutions for life sciences companies

Battery Ventures
Vetspire
Undisclosed amount
San Francisco, CA-based veterinary software company

Western Botanicals
Yellow Emperor
Undisclosed amount
Eugene, OR-based maker of liquid dietary supplements

Venture Capital Deals

Venrock 
Aligned Marketplace
$20M
New York City, NY-based company that connects self-insured employers with primary care clinics

Tasso Partners, Eli Lilly, and Scopia Capital
Amplifica
$26M
San Diego, CA-based developer of hair growth treatments

Susquehanna Growth Equity
ApartmentIQ|

$25M
Madison, WI-based market intelligence and revenue management platform for the multifamily industry

Granite Asia, HighLight Capital, MPCi, and NRL Capital
Aureka Biotechnologies
$100M
Laguna Hills, CA-based developer of biological foundation models for drug discovery

Redmile, Vsquared Ventures, and Kindred Capital
Bios Life
$25M
Boston, MA-based virtual cancer surveillance startup

Peak XV Partners, GV, and YC
Blacksmith
$45M
San Francisco, CA-based AI code-testing platform

Deerfield Management
Boulevard Bio
$65M
New York City, NY-based precision immunology startup

Edison Partners, Venture53, Origin Ventures, Salt VC, and SpringTime Ventures
Clear Jet
$25M
Austin, TX-based provider of parcel logistics infrastructure and orchestration

Atomico, Smash Capital, BMW iVentures, Datadog, Hirtle Callaghan, SineWave Ventures, CRV, Scale Venture Partners, Flex Capital, and Pelion Venture Partners
CodeRabbit
$143M
Walnut Creek, CA-based AI code review startup

Coatue, Blackstone, MGX, T. Rowe Price, Sixth Street Growth, BOND, Clearlake Capital, Point72, Premji Invest, TPG, a16z, Dragoneer, Fidelity, Franklin Templeton, GIC, Goldman Sachs, Insight Partners, JPMorgan Private Capital, Kinetic, Morgan Stanley Investment Management, NEA, Ontario Teachers’ Pension Plan, Temasek, Thrive Capital, and WCM Investment Management
Databricks 
$5B
San Francisco, CA-based AI software company

Octagon Capital, Janus Henderson Investors, Fidelity, Cormorant Asset Management, Duquesne Family Office, Sanofi Ventures, Abrdn, Angelini Ventures, and Readout Capital
Epicrispr
$90M
San Francisco, CA-based developer of programmable epigenetic medicines

T. Rowe Price, Sequoia Capital, Janus Henderson, Franklin Templeton, PEAK6 Investments, Prelude Ventures, Engine Ventures, TPG Rise Climate, Capricorn, Breakthrough Energy Ventures, Dustin Moskovitz, Cari Tuna, Gigascale Capital, Coatue, Energy Impact Partners, NGP, GE Vernova, Blindspot Ventures, and M&G Catalyst Fund
Form Energy
$750M
Somerville, MA-based developer of multi-day grid batteries

Lightspeed, Committed Capital, Basis Set, Caffeinated Capital, GGF, Haystack, and Logos Fund
Gravity
$30.5M
San Francisco, CA-based agent-to-agent ads product

Felicis, Hedosophia, and Menlo Ventures
Heaviside Industries
$60M
Los Angeles, CA-based defense hardware startup

The Column Group, Vida Ventures, MRL Ventures Fund, Emerson Collective, Euclidean Capital, Solasta Ventures, Sanofi, and Eli Lilly
InduPro
$77M
Cambridge, MA-based oncology biotech

Regeneron Ventures, Playground Global, RA Capital Management, Goldcrest Capital, Forge Life Science Partners, Godfrey Capital, Wild Tree Ventures, Merck Global Health Innovation Fund, Everbright Biofund, Civilization Ventures, and Pear VC
Infinimmune
$75M
Alameda, CA-based developer of antibody therapeutics

Forge Life Science Partners, Longwood Fund, Alexandria Venture Investments, Foresite Capital, Lilly Asia Ventures, and Nextech Invest
Khartis Therapeutics
$50M
San Diego, CA-based developer of oral medicines for immunological and chronic diseases

Ten Coves Capital, Schooner Capital, Derive Ventures, and Osage Venture Partners
MarginEdge
$80M
Arlington, VA-based provider of restaurant management software

Album VC, Karma Ventures, .406 Ventures, Atlantic Bridge, IQ Capital, and Lakestar
Mindgard
$30M
Boston, MA-based enterprise AI security startup

Id4 Ventures, TQ Ventures, Red Bridge Ventures, Kadmos Capital, and WS Investment Co.
Pathway
$30M
Palo Alto, CA-based AI lab focused on “post-transformer architecture”

LB Investment, Arm, and Maverick Silicon
Point2 Technology
$60M
San Jose, CA-based maker of data center interconnect solutions

O.G. Venture Partners, M Ventures, NFX, Vine Ventures, Qumra Capital, TechAviv, 97212 Ventures, Fresh Fund, PsyMed Ventures, Tadmor Group, and IT-Farm Corp
Remepy
$36M
New York City, NY-based biotech pairing prescription medicines with therapeutic software

General Catalyst, AMP PBC, Nvidia, AMD Ventures, YC, and Temasek
River AI
$1.1B
Palo Alto, CA-based open-source AI startup

Valor Atreides AI Fund, ME Group, DRW, F-Prime, Samsung, VanEck, Further, Jump, Tectonic, Wintermute, Breed, Hack, Blank VC, Sancus Ventures, and SoGal Ventures
Silicon Data
$30.5M
New York City, NY-based real-time compute pricing data platform

Cathay Innovation, Dell Technologies Capital, Citi Ventures, Bloomberg Beta, State Farm Ventures, and Wipro Ventures
Skan AI
$63M
Menlo Park, CA-based context graph of work for enterprise

AID1 Capital Partners, Altimeter Capital, and Soft
BankThrive Holdings
$2B
New York City, NY-based private equity firm focused on AI

Sequoia Capital
Trajectory
$40M
San Francisco, CA-based AI lab focused on continual learning

Global PayTech Ventures, Andreessen Horowitz, Tiger Global, Quantum Light Capital, Monashees, and Kaszek
Yuno
$45M
San Francisco, CA-based payments infrastructure company

August 19th, 2026|Categories: Scherzer Deal Report|Tags: , |

The Scherzer Deal Report: August 3-7, 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

Align Ventures 
$125M
Second early-stage fund

Cynosure Partners  
$270M
Single-asset CV

Jump Capital 
$350M
Eighth early-stage VC fund

Savano Capital Partners 
$252M
Fourth direct secondaries fund

Wind Point Partners 
$3.2B
Eleventh flagship fund

Private Equity Deals

SkyKnight Capital
Apex Infusion
Undisclosed amount
Signal Hill, CA-based infusion services provider

GlacierPoint Enterprises
Arctica Frozen Solutions
Undisclosed amount
Miami, FL-based ice cream delivery company

Brookfield
Aypa Power
$7B
Austin, TX-based battery storage firm

Investcorp
Berger Financial Group
Undisclosed amount
Plymouth, MN-based wealth manager

Tower Arch Capital
Boxzooka
Undisclosed amount
Secaucus, NJ-based 3PL and fulfillment provider for e-commerce brands

Ridgemont Equity Partners and Coogee Bay Partners
Caring Transitions
Undisclosed amount
Cincinnati, OH-based provider of move management, online estate and liquidation services for seniors

Grant Thornton
CBIZ
$5B
Independence, OH-based advisory firm

Golub Capital
Church’s Texas Chicken
Undisclosed amount
Atlanta, GA-based chicken chain

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

Unio Specialty Care
Golden Gate Urology
Undisclosed amount
San Francisco, CA-based urology treatment provider

Truelink Capital
JT Thorpe Group
Undisclosed amount
Richmond, CA-based industrial maintenance services company

InterVest
Kapitus
Undisclosed amount
Arlington, VA-based provider of SME financing solutions

Wynnchurch Capital
Luxfer
$463M
Riverside, CA-based materials maker

Madison River Capital
Nexus Power
Undisclosed amount
Salt Lake City, UT-based provider of power systems design, engineering, procurement, and project management

Dentalcorp
Northstar Dental Partners
Undisclosed amount
Boca Raton, FL-based group of 21 supported dental practices

Decera Clinical
Onviv
Undisclosed amount
Morristown, NJ-based health-care insights platform

Longshore Capital Partners
Prochant
Undisclosed amount
Charlotte, NC-based provider of revenue cycle management service for home-based care providers

Capitol Meridian Partners
RH Aero Systems
Undisclosed amount
Mason, OH-based provider of aviation support equipment and services

TSG Consumer
Saltair
Undisclosed amount
Los Angeles, CA-based body care brand

Carlyle
Secturion Systems
Undisclosed amount
Centerville, UT-based provider of hardware encryption solutions that protect sensitive and classified information

Balance Point Capital Advisors Ship
Sigma
Undisclosed amount
Indianapolis, IN-based supply chain optimization company

Strategic Value Partners
South Field Energy
Undisclosed amount
Columbiana, OH-based natural gas-fired combined-cycle generation facility

Providence Equity Partners
The Team
Undisclosed amount
Los Angeles, CA-based talent agency

Venture Capital Deals

Battery Ventures, Accel, and Foundation Capital
AegisAI
$36M
San Francisco, CA-based email security company

Paradigm, Caffeinated Capital, Point72 Ventures, Shine Capital, and Industrious Ventures
Antares
$470M
Torrance, CA-based nuclear reactor startup

G2 Venture Partners, Eclipse, Ribbit Capital, Salesforce Ventures, Activate Capital, John Doerr, Westly Group, StepStone Group, Liberty Mutual Strategic Ventures, Decarbonization Partners, Impact Science Ventures, Trust Ventures, Breakthrough Energy Ventures, and Lowercarbon Capital
Antora Energy
$550M
Sunnyvale, CA-based energy storage company

Mitsubishi Electric, Catapult Ventures, Kompas VC, and YC
Array Labs
$21M
Redwood City, CA-based radar satellite developer

Vista Equity Partners, AllianceBernstein, Blue Owl Capital, Carlyle, Fortress Investment Group, Golub Capital, Lord Abbett, and RBC
CAIS
$170M
New York City, NY-based alts investment platform for independent financial advisors

B Capital, Bessemer Venture Partners, Micron, MediaTek, Ericsson, and ScOp
ChipAgents
$60M
San Jose, CA-based developer of agentic AI platforms for semiconductor design

Samsara Biocapital, Catalio Capital Management, Adage Capital Management, Sofinnova Investments, Aisling Capital, and ADAR1 Capital Management
Claris Bio
$118M
Jersey City, NJ-based developer of a corneal disease treatment

Treehouse Family Capital, Daikin America, Veralto, Bush Foundation, Nord Asset Management, and Saint Paul & Minnesota Foundation
Claros Technologies
$55M
Minneapolis, MN-based developer of PFAS-destruction tech

FTV Capital
COR
$30M
San Francisco, CA-based project profitability platform for agencies and professional services firms

Insight Partners, GTM Capital, and S3 Ventures
DataBahn
$40M
Dallas, TX-based data pipeline platform

Seligman Ventures, Cisco Investments, and Lumentum
Eliyan
$145M
Santa Clara, CA-based developer of optical interconnect solutions

Team8
Encore AI
$30M
New York City, NY-based voice agent startup

Catalyst Health Ventures and Genoa Ventures
Epitel
$26M
Salt Lake City, UT-based wireless neurological device maker

Coreline Ventures, Capital Today, 359 Capital, Parable, Play Time, Alphalist Partners, Bayhouse Ventures, Carya Venture Partners, and HF0
Fish Audio
$52M
Palo Alto, CA-based developer of AI voice models

B Capital, F-Prime, and Cherryrock Capital
Flourish Health
$26M
Richmond, VA-based mental health provider for young people with complex needs

Battery Ventures, former U.S. Commerce Secretary Penny Pritzker, Nexus Venture Partners, and NewRoad Capital Partners
Freehand
$75M
San Francisco, CA-based supplier payment automation startup

General Catalyst’s Customer Value Fund
Function
$450M
Austin, TX-based longevity and lab-testing startup

Lightspeed, Hitachi Ventures, Fin Capital, Mercer Ventures, and Operator Partners
Harmony
$34M
New York City, NY-based AI platform for employee support

Kleiner Perkins, Iconiq, Lightspeed, CapitalG, and Altimeter
K2 Space
$500M
Torrance, CA-based satellite platform

Coursera Learn
Vector
$100M
Palo Alto, CA-based AI education startup

Parlay Capital, Data Point Capital, FDJ Ventures, Greenwave Ventures, Connexa Capital, Impellent Ventures, the Operating Group, Sharp Alpha Advisors, Chicago Trading Company Ventures, Belvedere Trading, Ematiq, and principals at White Swan Data and Consolidated Trading
ProphetX
$35M
New York City, NY-based B2B sports prediction market

Greenoaks, Definition, Index Ventures, Hanabi, Bain Capital Ventures, A*, Factory, and CVS Health Ventures
Simile
$200M
Palo Alto, CA-based AI simulation startup

August 12th, 2026|Categories: Scherzer Deal Report|Tags: , |

2026 Mid-Year Recap: Key Developments in Employment Background Screening

As we pass the midpoint of 2026, background screening compliance remains one of the most dynamic landscapes for Human Resources and employment law. State legislatures and local city councils are aggressively enacting applicant protections, changing how employers evaluate everything from criminal histories and consumer credit to drug testing and remote identity verification. Below is recap of the major state, local, and federal employment background screening developments that have taken effect in 2026 to date.

  1. Fair Chance & Local “Ban the Box” Mandates

Fifteen states, along with the District of Columbia and 21 localities have enacted Ban-the-Box laws, delaying criminal inquiries until after conditional offers while restricting specific categories of conviction data. Several have expanded their requirements in 2026:

  • San Francisco Fair Chance Ordinance (FCO) Amendments (Effective August 10, 2026):
  • Out-of-State Offense Protections: Explicitly bars employers from considering out-of-state convictions or arrests for conduct that is lawful in California (such as reproductive healthcare, gender-affirming care, and related care activities).
  • Tightened Timelines: Employers must acknowledge receipt of mitigating evidence submitted after a pre-adverse action notice within 14 days, and final adverse action decisions must be issued within 30 days.
  • Washington State (HB 1747 – Effective July 1, 2026): Implemented strict statewide Fair Chance mandates for employers with 15+ employees. Criminal convictions inquiries must be delayed until post-offer, non-conviction arrests and juvenile records are completely excluded, written individualized assessments are mandatory, and pre-adverse action review holds must last at least two business days.
  • Philadelphia (Effective January 6, 2026): Updated its Fair Chance Hiring law, shortening the permissible misdemeanor lookback period from seven years to four years and banning the consideration of summary offenses.
  1. Expansion of “Clean Slate” Automatic Record Sealing

Employers are prohibited from using automatically sealed or expunged records in adverse employment decisions even if a legacy database accidentally surfaces them. Fourteen states now operate active automated court record-sealing systems. The 2026 jurisdictions are as follows:

  • District of Columbia (Ramp-up Effective January 2026): Enacted its Second Chance Act, restricting early criminal history disclosures and mandating automatic expungements for minor and decriminalized offenses.
  • Virginia (Effective July 2026): Officially launched its automated Clean Slate court system to automatically seal qualifying low-level misdemeanors and non-violent offenses after statutory waiting periods.
  • New York Clean Slate Implementation: State court systems continue expanding the automated sealing of qualifying records (3 years for misdemeanors, 8 years for eligible felonies).
  1. Credit Check Restrictions

One of the most consequential shifts in employment background screening occurred this spring, further restricting the use of credit history in employment decisions:

  • New York State Employment-Purpose Credit Ban (Effective April 18, 2026): New York State expanded New York City’s long-standing Stop Credit Discrimination in Employment Act to cover all employers statewide. The law prohibits employers from requesting, using, or evaluating a candidate’s consumer credit history for hiring, compensation, or promotional decisions unless an exemption applies (positions that legally require credit checks, law enforcement/security clearance positions, or high-level fiduciary roles with direct signatory authority over significant financial assets).
  1. State Workplace Drug Testing Resets

Twenty-four states offer some protections against marijuana-related adverse employment decisions. Effective July 29, 2026, for reasonable suspicion testing, Maine now requires written documentation of specific “observable behaviors” prior to testing, and all employer testing policies must be pre-approved by the Maine Department of Labor.

  1. Form I-9 Enforcement & Remote Verification

Federal immigration authorities updated Form I-9 inspection and audit protocols early in the year, applying stricter financial penalties for procedural errors previously treated as minor technical violations. To combat identity fraud in remote hiring workflows, employers are increasingly pairing E-Verify protocols with automated digital document and biometric validation.

The Trend

The overarching trend is that background screening compliance is becoming increasingly local. Fair Chance laws, Clean Slate initiatives, individualized assessment requirements, record-sealing statutes, and drug testing regulations vary substantially by jurisdiction. For employers operating nationally, the greatest compliance risk often stems not from federal law, but from failing to adapt screening practices to state and municipal requirements.

 

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.

The Scherzer Deal Report: July 27-31, 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

Align Ventures 
$125M
Second early-stage fund

Cynosure Partners  
$270M
Single-asset CV

Jump Capital 
$350M
Eighth early-stage VC fund

Savano Capital Partners 
$252M
Fourth direct secondaries fund

Wind Point Partners 
$3.2B
Eleventh flagship fund

Private Equity Deals

SkyKnight Capital
Apex Infusion
Undisclosed amount
Signal Hill, CA-based infusion services provider

GlacierPoint Enterprises
Arctica Frozen Solutions
Undisclosed amount
Miami, FL-based ice cream delivery company

Brookfield
Aypa Power
$7B
Austin, TX-based battery storage firm

Investcorp
Berger Financial Group
Undisclosed amount
Plymouth, MN-based wealth manager

Tower Arch Capital
Boxzooka
Undisclosed amount
Secaucus, NJ-based 3PL and fulfillment provider for e-commerce brands

Ridgemont Equity Partners and Coogee Bay Partners
Caring Transitions
Undisclosed amount
Cincinnati, OH-based provider of move management, online estate and liquidation services for seniors

Grant Thornton
CBIZ
$5B
Independence, OH-based advisory firm

Golub Capital
Church’s Texas Chicken
Undisclosed amount
Atlanta, GA-based chicken chain

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

Unio Specialty Care
Golden Gate Urology
Undisclosed amount
San Francisco, CA-based urology treatment provider

Truelink Capital
JT Thorpe Group
Undisclosed amount
Richmond, CA-based industrial maintenance services company

InterVest
Kapitus
Undisclosed amount
Arlington, VA-based provider of SME financing solutions

Wynnchurch Capital
Luxfer
$463M
Riverside, CA-based materials maker

Madison River Capital
Nexus Power
Undisclosed amount
Salt Lake City, UT-based provider of power systems design, engineering, procurement, and project management

Dentalcorp
Northstar Dental Partners
Undisclosed amount
Boca Raton, FL-based group of 21 supported dental practices

Decera Clinical
Onviv
Undisclosed amount
Morristown, NJ-based health-care insights platform

Longshore Capital Partners
Prochant
Undisclosed amount
Charlotte, NC-based provider of revenue cycle management service for home-based care providers

Capitol Meridian Partners
RH Aero Systems
Undisclosed amount
Mason, OH-based provider of aviation support equipment and services

TSG Consumer
Saltair
Undisclosed amount
Los Angeles, CA-based body care brand

Carlyle
Secturion Systems
Undisclosed amount
Centerville, UT-based provider of hardware encryption solutions that protect sensitive and classified information

Balance Point Capital Advisors Ship
Sigma
Undisclosed amount
Indianapolis, IN-based supply chain optimization company

Strategic Value Partners
South Field Energy
Undisclosed amount
Columbiana, OH-based natural gas-fired combined-cycle generation facility

Providence Equity Partners
The Team
Undisclosed amount
Los Angeles, CA-based talent agency

Venture Capital Deals

Battery Ventures, Accel, and Foundation Capital
AegisAI
$36M
San Francisco, CA-based email security company

Paradigm, Caffeinated Capital, Point72 Ventures, Shine Capital, and Industrious Ventures
Antares
$470M
Torrance, CA-based nuclear reactor startup

G2 Venture Partners, Eclipse, Ribbit Capital, Salesforce Ventures, Activate Capital, John Doerr, Westly Group, StepStone Group, Liberty Mutual Strategic Ventures, Decarbonization Partners, Impact Science Ventures, Trust Ventures, Breakthrough Energy Ventures, and Lowercarbon Capital
Antora Energy
$550M
Sunnyvale, CA-based energy storage company

Mitsubishi Electric, Catapult Ventures, Kompas VC, and YC
Array Labs
$21M
Redwood City, CA-based radar satellite developer

Vista Equity Partners, AllianceBernstein, Blue Owl Capital, Carlyle, Fortress Investment Group, Golub Capital, Lord Abbett, and RBC
CAIS
$170M
New York City, NY-based alts investment platform for independent financial advisors

B Capital, Bessemer Venture Partners, Micron, MediaTek, Ericsson, and ScOp
ChipAgents
$60M
San Jose, CA-based developer of agentic AI platforms for semiconductor design

Samsara Biocapital, Catalio Capital Management, Adage Capital Management, Sofinnova Investments, Aisling Capital, and ADAR1 Capital Management
Claris Bio
$118M
Jersey City, NJ-based developer of a corneal disease treatment

Treehouse Family Capital, Daikin America, Veralto, Bush Foundation, Nord Asset Management, and Saint Paul & Minnesota Foundation
Claros Technologies
$55M
Minneapolis, MN-based developer of PFAS-destruction tech

FTV Capital
COR
$30M
San Francisco, CA-based project profitability platform for agencies and professional services firms

Insight Partners, GTM Capital, and S3 Ventures
DataBahn
$40M
Dallas, TX-based data pipeline platform

Seligman Ventures, Cisco Investments, and Lumentum
Eliyan
$145M
Santa Clara, CA-based developer of optical interconnect solutions

Team8
Encore AI
$30M
New York City, NY-based voice agent startup

Catalyst Health Ventures and Genoa Ventures
Epitel
$26M
Salt Lake City, UT-based wireless neurological device maker

Coreline Ventures, Capital Today, 359 Capital, Parable, Play Time, Alphalist Partners, Bayhouse Ventures, Carya Venture Partners, and HF0
Fish Audio
$52M
Palo Alto, CA-based developer of AI voice models

B Capital, F-Prime, and Cherryrock Capital
Flourish Health
$26M
Richmond, VA-based mental health provider for young people with complex needs

Battery Ventures, former U.S. Commerce Secretary Penny Pritzker, Nexus Venture Partners, and NewRoad Capital Partners
Freehand
$75M
San Francisco, CA-based supplier payment automation startup

General Catalyst’s Customer Value Fund
Function
$450M
Austin, TX-based longevity and lab-testing startup

Lightspeed, Hitachi Ventures, Fin Capital, Mercer Ventures, and Operator Partners
Harmony
$34M
New York City, NY-based AI platform for employee support

Kleiner Perkins, Iconiq, Lightspeed, CapitalG, and Altimeter
K2 Space
$500M
Torrance, CA-based satellite platform

Coursera Learn
Vector
$100M
Palo Alto, CA-based AI education startup

Parlay Capital, Data Point Capital, FDJ Ventures, Greenwave Ventures, Connexa Capital, Impellent Ventures, the Operating Group, Sharp Alpha Advisors, Chicago Trading Company Ventures, Belvedere Trading, Ematiq, and principals at White Swan Data and Consolidated Trading
ProphetX
$35M
New York City, NY-based B2B sports prediction market

Greenoaks, Definition, Index Ventures, Hanabi, Bain Capital Ventures, A*, Factory, and CVS Health Ventures
Simile
$200M
Palo Alto, CA-based AI simulation startup

August 5th, 2026|Categories: Scherzer Deal Report|Tags: , |

Arrest Records and Remote Staff: What Employers Need to Know After Saberin v. Alation

On July 30, 2026, the California Court of Appeal issued its decision in Saberin v. Alation, Inc., addressing an important question for employers navigating today’s remote workforce: Does California’s “no-arrest-record” statute, Labor Code section 432.7, protect employees who work remotely outside of California? The court concluded that, under the circumstances presented, the statute did not apply.

Case Background

Under California Labor Code Section 432.7, employers are generally prohibited from considering arrest records that did not lead to a conviction when making employment decisions like hiring or termination.

In Saberin, the plaintiff was a Utah-based remote engineer for a California-headquartered software firm. While on vacation in Florida, he was arrested but the charges were dismissed. After learning of the arrest, the company terminated his employment. The employee filed suit, arguing the termination violated California’s arrest record protections.

The Court’s Ruling

The Court of Appeal affirmed an arbitration award in favor of the employer, holding that California’s statutory protections did not apply. The court emphasized the longstanding presumption against the extraterritorial application of California labor laws, noting that:

  • The employee lived and performed all work in Utah.
  • The arrest took place in Florida.
  • The termination decision was made by managers located outside of California.

The court reaffirmed that an employer’s corporate headquarters in California is not enough on its own to extend California employment protections to out-of-state remote workers.

Key Takeaways for Employers

Saberin was ultimately a victory for the employer, but the decision may be equally notable for what it leaves open. The Court of Appeal did not reject the possibility that Labor Code section 432.7 could apply to an out-of-state remote employee. Rather, it concluded that the necessary California connections were missing in this case. Employers should therefore focus not only on where their employees work, but also on where critical employment decisions are made.

 

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.

San Francisco’s Fair Chance Ordinance Gets an Update

San Francisco employers have long operated under one of the country’s most expansive “ban-the-box” laws. Beginning August 10, 2026, amendments to the City’s Fair Chance Ordinance (FCO) will further expand protections for applicants and employees with criminal histories while increasing potential liability for employer non-compliance.

A Quick Refresher of the FCO

The FCO applies to any employer with five or more employees worldwide if they have personnel working at least eight hours per week in San Francisco (including remote, hybrid, temporary, and contract roles).

Under the baseline ordinance, employers cannot:

  • Inquire about criminal history on job applications or during initial interviews.
  • Run a criminal check or ask criminal history questions until after extending a conditional offer of employment.
  • Consider specific prohibited records at any time (e.g., arrests that did not lead to conviction, juvenile records, infractions, or convictions older than seven years).

What Changes on August 10, 2026?

The Board of Supervisors amended the FCO to protect individuals from out-of-state enforcement of laws targeting conduct that remains legal in California. Employers and consumer reporting agencies are barred from inquiring about, obtaining or considering out-of-state convictions or unresolved arrests for California-lawful conduct related to:

  • Abortion-related healthcare (seeking, receiving, or facilitating services)
  • Spontaneous abortion (conduct related to miscarriages or stillbirths)
  • Gender-affirming care (medical treatment, support, or facility/sports team access aligned with gender identity)
  • Drag performances (public artistic performances involving gender expression)

When an employer considers taking adverse action (such as revoking an offer) based on a permitted record, specific procedural safeguards apply:

  • Evidence Submission: Applicants have 7 days from receiving a pre-adverse action notice to submit evidence of inaccuracies, rehabilitation, or mitigating factors.
  • Mandatory Confirmation: If an applicant submits the information, the employer must confirm receipt in writing within 14 days and reassess the decision in light of the evidence.
  • Mandatory Withdrawal: If the applicant makes a reasonable showing that the proposed action is based solely on a non-directly related conviction or a newly protected category, the employer must withdraw the adverse action.

The San Francisco Office of Labor Standards Enforcement increased both administrative penalties and liquidated damages available in civil litigation for ordinance violations. Technical oversights, such as using outdated pre-adverse action letters or failing to send the 14-day receipt confirmation, now carry heightened financial liability.

 

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.

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