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The Scherzer Deal Report: April 22-29, 2020

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

PE and VC Firms Fundraising Location Amount Description
Andreessen Horowitz Menlo Park, CA $515M Second crypto-focused fund
Consonance Capital Partners New York, NY $856M Second fund
Constitution Capital Partners Andover, MA $1B+ Fifth fund
Cyprium Investment Partners Cleveland, OH $445M Fifth fund
Eighty-Seven Capital Menlo Park, CA $50M Debut fund
Manna Tree Partners Vail, CO $142M Debut fund
OMERS Toronto, Canada $750M VC fund focused on early-stage tech companies in North America and Europe
Silverton Partners Austin, TX $144M Sixth fund

Private Equity Investors Company  Amount Description
Apollo Global Management, Silver Lake Expedia $3.2B Seattle, WA-based travel site
Providence Strategic Growth Next Glass Undisclosed Wilmington, NC-based provider of consumer-facing software to the alcoholic beverage market
Shore Capital Partners Southern Orthodontic Partners Undisclosed Nashville, TN-based orthodontic practices

Venture Capital Investors Company  Amount Description
Hatteras Venture Partners, Catalyst Health Ventures, Longview Ventures, Broadview Ventures, aMoon Fund AtaCor Medical $25M San Clemente, CA-based developer of cardiac-pacing therapies
Valar Ventures, Sammons Financial, NEA, Morpheus Ventures, Core Innovation Capital Bestow $50M Dallas, TX-based digital life insurance platform
SoftBank Vision Fund, ClearBridge Investments, Satwik Ventures, Qualcomm Ventures Brain Corp. $36M San Diego, CA-based developer of tech for autonomous mobile robots
Spark Capital Catalyst $25M New York-based customer success platform
Eclipse Ventures, Iconiq Capital, Hanaco Ventures, Floodgate Cheetah $36M San Francisco, CA-based platform for contactless pickup and delivery of food and supplies
Norwest Venture Partners, Global Founders Capital Clever Care Health Plan $20M Westminster, CA-based provider of Medicare Advantage plans
Frazier Healthcare Partners, Longitude Capital, Euclidean Capital Dascena $50M Oakland, CA-based patient diagnostic tech startup
GV, Benchmark Digits $22M San Francisco, CA-based business spend monitoring dashboard
Breakthrough Energy Ventures, Ajax Strategies, Building Ventures, OurCrowd EnVerid Systems $20M Boston, MA-based developer of HVAC load reduction tech
Arch Venture Partners, Cormorant Asset Management, EDBI, Invus, Terra Magnum Capital Partners, City Hill Ventures, Colt Ventures, LifeSci Venture Partners Erasca $200M San Diego, CA-based precision oncology startup
Andreessen Horowitz, Durable Capital, Index Ventures, Greylock, Kleiner Perkins, Sequoia Capital, Founders Fund Figma $50M Palo Alto, CA-based maker of an in-browser interface design and prototyping tool
BP Ventures, ABB Technology Ventures, Energy Innovation Capital, SVB FreeWire Technologies $25M San Leandro, CA-based provider of power solutions for the grid edge
Redmile Group, Nexus Management, Emerald Development Managers, the Abell Foundation LifeSprout $28.5M Baltimore, MD-based regenerative medicine startup
NEA, Gradient Ventures, Khosla Ventures, Liberty Global Ventures, Struck Capital, Dolby Family Ventures, Motorola Solutions, Fusion Fund, Intellectus Partners, KDDI Open Innovation Fund, Numbase Group, InFocus Capital Partners Mojo Vision $51M Saratoga, CA-based maker of smart contact lenses
Radian Capitalled, Salesforce Ventures, Allen & Co., Tim Armstrong Niche $35M Pittsburgh, PA-based school search platform for K-12 and college
Breakthrough Energy Ventures, Temasek, DCVC Pivot Bio $100M Berkeley, CA-based developer of microbial nitrogen tech for increasing crop yields
Harmony Partners, Accomplice, .406 Ventures, Legion Capital Randori $20M Waltham, MA-based automated cyberattack platform
GV, Arch Venture Partners, Partners Innovation Fund Rome Therapeutics $50M Cambridge, MA-based biotech focused on leveraging “junk DNA” to discover cancer and autoimmune disease therapeutics
LendingTree, T. Rowe Price, Union Square Ventures, Breyer Capital, Goodwater Capital, Greenspring Associates Stash $112M New York-based investing and savings platform
PBM Capital, Nolan Capital Taysha Gene Therapies $30M Dallas, TX-based developer of therapies to treat CNS monogenic diseases
Andreessen Horowitz, Sequoia Capital Tecton.ai $20M San Francisco, CA-based machine learning platform formed by three former Uber engineers
Insight Partners, Dawn Capital, Seed Capital, Damgaard Co.  Templafy $25M Denmark-based provider of enterprise template management and document creation software
NewView Capital, Notion Capital, Workday Ventures Topia $15M San Francisco, CA-based talent mobility platform
 Piva and TNSC, Bessemer Venture Partners, Playground Global, Khosla Ventures Velo3D $28M Campbell, CA-based 3D printing startup for metals
Ally Bridge Group, AME Cloud Ventures, Aspect Ventures, Canvas Ventures, NGP Capital, Webb Investment Network, Workday Ventures Vida Health $25M San Francisco, CA-based provider of virtual care software for physical and behavioral health

May 1st, 2020|Scherzer Deal Report|

The Scherzer Deal Report: April 15-22, 2020

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

PE and VC Firms Fundraising Location Amount Description
Arbour Lane Capital Management Stamford, CT $1.2B Second fund
BoostVC San Mateo, CA $40M Fourth fund
Sterling Road San Francisco, CA $9M Second fund
Updata Partners  Washington, DC $308M Sixth software-focused growth equity fund
York Capital Management New York, NY $800M Third mid-market special opportunities fund

Private Equity Investors Company  Amount Description
Hellman & Friedman Checkmarx $1.15B Paramus, NJ-based provider of software security solutions for DevOps
Apax Partners Coalfire Undisclosed Westminster, CO-based provider of cybersecurity advisory and assessment services
Yukon Partners Crossroads Treatment Centers Undisclosed Greenville, SC-based operator of 94 outpatient methadone clinics
TPG LifeStance Health $1.2B Bellevue, WA-based provider of behavioral health services
Bain Capital Credit Merchants Fleet $50M Hooksett, NH-based fleet management company
Bow River Capital  Ocean Tomo Undisclosed Chicago-based merchant bank focused on intellectual property
Roark Capital Group The Cheesecake Factory $200M Nationwide restaurant chain

Venture Capital Investors Company  Amount Description
EcoR1 Capital, GV, AbbVie Ventures, The Mark Foundation for Cancer Research, NS Investment, Droia Ventures, Atlas Venture, The Column Group Accent Therapeutics $63M Lexington, MA-based developer of cancer therapies
Viking Global Investors, Bain Capital, Ziff Capital Affinivax $120M Lexington, MA-based vaccine developer
OMERS, Echo Health Ventures, the California Medical Association, Meritech Capital Partners, CVF, GV Aledade $64M Bethesda, MD-based network of accountable care organizations
Coatue Management, Altimeter Capital, Franklin Templeton, Index Ventures, Sequoia Capital Confluent $250M Mountain View, CA-based data event streaming platform
Jimmy Iovine, NTWRK FaZe Clan $40M Los Angeles, CA-based esports organization
Accel, Emergence Capital, Thrive Capital, FirstMark Capital, Slack, MSD Capital Guru $30M Philadelphia, PA-based provider of collaborative knowledge management software
WRVI Capital, Cota Capital, DNX Ventures Movandi $27M Irvine, CA-based developer of 5G millimeter wave networks
Sofinnova Partners, AbbVie Ventures, Dementia Discovery Fund, Mission Bay Capital, Alexandria Venture Investments Nitrome $38M San Francisco, CA-based drug startup focused on a class of enzymes to target Parkinson’s disease and other age-related disorders
Scaleworks, Conviction Capital Profitero $20M Boston, MA-based provider of ecommerce analytics SaaS for brands
Accel, CRV Vercel $21M San Francisco, CA-based front-end development framework

April 24th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: April 8-15, 2020

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

PE and VC Firms Fundraising Location Amount Description
BlackRock  New York, N Y $5.1B Third global energy and power infrastructure fund
Clearlake Capital Group  Santa Monica, CA $7B + Sixth fund
Corigin Ventures New York, NY $36M First institutional fund
Entrée Capital Israel $100M Third fund
GCM Grosvenor Chicago, IL $540M Second buyouts co-investment opportunities fund
Lightspeed Venture Partners Menlo Park, CA $4.2B Thirteenth flagship fund ($890M), fourth “select fund ($1.83B), and new opportunity fund ($1.5B)
Mayfield Menlo Park, CA $750M Sixteenth early-stage fund and its second overage fund

Private Equity Investors Company  Amount Description
Stone Point Capital, Further Global Duff & Phelps $4.2B New York-based corporate advisor and valuation firm
Grain Management Hunter Communications Undisclosed Provider of bandwidth infrastructure in southern Oregon and northern California
Wynnchurch Capital Western Forge & Flange Undisclosed Cleveland, TX-based manufacturer of forgings and flanges

Venture Capital Investors Company  Amount Description
Kleiner Perkins, Sequoia Capital, GV Alkira $30M San Jose, CA-based multi-cloud networking start-up
Volcanics Ventures, Andreessen Horowitz Alluxio $15.5M San Mateo, CA-based provider of open-source cloud data orchestration software
Sequoia Capital, Coatue Management Attentive $40M New York-based personalized mobile messaging platform for brands
Evolution Equity Partners, Energize Ventures, Liberty Global Ventures, Bain Capital Ventures, Greylock Awake Security $36M Santa Clara, CA-based network traffic analysis startup
Koch Disruptive Technologies and NEA Beyond Identity $30M New York-based provider of password-less ID management solutions
Polaris Partners, D1 Capital Partners, OCV Partners, Red Sea Ventures, Sean Parker, Bellco Capital, Two River ByHeart $70M New York-based provider of infant and baby nutrition products
GGV Capital, Redpoint Ventures, Uncork Capital, In-Q-Te Coder $30M Austin, TX-based software development platform
Wavecrest Growth Partners, Beringea, Hermes GPE Edited $29M New York-based “retail decision platform”
David Roux (Silver Lake), John Hammergren (McKesson), and Gregg Engles (WhiteWave Foods) Kate Farms $23M Santa Barbara, CA-based provider of plant-based liquid meal formula for hospitals
Iconiq Capital, Cross Creek, Meritech Capital Partners, Spectrum Equity Lucid $52M South Jordan, UT-based maker of visual workspace app
TPG Growth Onfido $100M San Francisco, CA-based identity verification company
Andreessen Horowitz,  General Catalyst,  GV, Sequoia Stripe $600M Digital payment platform
Peak6, Upper90, WTI, River Park Venture Thrasio $75M New York-based acquirer of Amazon third-party private-label businesses
Next47, 83North, Commonfund Capital, Dell Technologies Capital, Goldman Sachs, Greenfield Partners, Mellanox Capital, Norwest Venture Partners Vast Data $100M New York-based universal storage startup

April 16th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: March April 1-8, 2020

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

PE and VC Firms Fundraising Location Amount Description
Activant Capital New York, NY $257M Third fund
American Pacific Group San Francisco, CA $450M Debut fund
Crescent Capital Group Los Angeles, CA and London, UK €1.6B Second European specialty lending fund
CVC Capital Partners New York, NY and London, UK $4.5B Fifth Asia-focused buyout fund
Deerfield Management New York, NY $840M Second healthcare growth equity fund
Flagship Pioneering Cambridge, MA $1.1B Early-stage fund
Index Ventures London, UK and San Francisco, CA $2B Tenth early stage VC fund  ($800M) and fifth growth fund ($1.2B)
Insight Partners New York, NY $9.5B Eleventh software-focused VC and growth equity fund
StepStone Group San Francisco, CA $2.1B Fourth private equity secondaries opportunity fund
The Blackstone Group New York, NY €9.8 b Sixth European real estate private equity fund
TrueBridge Capital Partners Chapel Hill, NC $190M Second direct venture fund
VenBio Partners San Francisco, CA $394M Third fund

Private Equity Investors Company  Amount Description
Silver Lake, Sixth Street Partners Airbnb $1B San Francisco, CA-based home rental platform
Bernhard Capital  Ascension Wastewater Treatment Undisclosed Louisiana-based private sewer utility operator
Marlin Equity Partners AVI-SPL Undisclosed Tampa, FL-based provider of workplace collaboration solutions
Veronis Suhler Stevenson, NewSpring Health Capital BRC Healthcare Undisclosed Texas-based addiction treatment services company
SoFi Galileo $1.2B Salt Lake City-based financial services API and payments platform
The Riverside Co. Independent Living Specialists Undisclosed Australian provider of mobility devices like wheelchairs and personal care equipment like shower stools
Webster Equity Partners One GI $80M Gastroenterology practice platform 
Pine Island Capital Partners, Bain Capital Credit Precinmac Undisclosed Manufacturer of high-precision machined components and assemblies for the aerospace & defense, semiconductor, and general industrials sectors
PSP Investments SitusAMC Undisclosed Provider of tech and consulting services to the real estate finance market
ICV Partners The Mintz Group Undisclosed New York-based investigative and enterprise risk management services company

Venture Capital Investors Company  Amount Description
Bregal Sagemount Accellion $120M Palo Alto, CA-based enterprise content firewall company
JMI Equity, Next Coast Ventures, Silverton Partners AlertMedia $15M Austin, TX-based provider of emergency communication software
Rally Ventures Bugcrowd $30M San Francisco, CA-based crowdsourced cybersecurity startup
IVP, Sapphire Ventures CircleCI $100M San Francisco, CA-based continuous integration and delivery platform for software development
DFJ Growth, Foundation Capital, Greenspring Associates, Wing VC, HP Enterprise, Cisco, Sequoia Capital, SoftBank Vision Fund Cohesity $250M San Jose, CA-based software-defined data management company
Vensana Capital, Amgen Ventures GPB Scientific $25.5M Richmond, VA-based therapeutic cell production and bioprocessing startup
AXA Venture Partners, Zendesk, Allos Ventures, Atlas Peak Capital, Rethink Education, The Yard Ventures Lessonly $15M Indianapolis, IN-based online training platform for teams
ClearSky Security, Bessemer Venture Partners, Felicis Ventures Okera $15M San Francisco, CA-based secure data access startup
Celeres Investments, Ford Motor Co., KT, Millennium Technology Value Partners, DSC Investment Phantom AI $22M Burlingame, CA-based vehicle-agnostic autonomous driving platform
YC Continuity, Sapphire Ventures, Alkeon Capital, Recruit Co., Ltd., IVP, Accel, Summit Partners, GV Podium $125M Lehi, UT-based customer messaging platform for local businesses
Atomico, BlackRock, Founders Fund, Redpoint Ventures PsiQuantum $215M Palo Alto, CA-based developer of a commercial quantum computer
D1 Capital Partners, Uncork Capital, Union Square Ventures, Bessemer Venture Partners Shippo $30M San Francisco, CA-based provider of shipping software
MemorialCare Innovation Fund, LRVHealth, OSF Ventures, UnityPoint Health Ventures, Act Venture Capital, B Capital Group SilverCloud Health $16M Boston, MA-based digital mental health platform
 General Catalyst, F-Prime Capital, Kickstart Seed Fund, Diōko Ventures, Jonathan Bush SonderMind $27M Denver, CO-based behavioral health startup
Delta-v Capital, Afia Capital, Stadia Ventures, General Catalyst, Seaport Capital, DUMAC, Steve Pagliuca, Reggie Love Teamworks $25M Durham, NC-based athlete engagement platform for collegiate and pro teams
Lightspeed Venture Partners Tonkean $24M San Francisco, CA-based no-code automation platform
Insight Partners, Olive Tree Ventures, Qualcomm Ventures, Orbimed, Echo Health, Qure, Teuza Tyto Care $50M New York, NY-based telehealth platform

April 10th, 2020|Scherzer Deal Report|

The CFPB issues new policy guidance on credit reporting and dispute resolution

On April 1, 2020, the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) issued a non-binding general policy statement (“Policy Statement”) regarding the Fair Credit Reporting Act (FCRA) and Regulation V in light of the recently enacted Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

The CFPB’s Policy Statement highlights furnishers’ responsibilities and informs consumer reporting agencies (“CRAs”) of the Bureau’s flexible supervisory and enforcement approach during this pandemic. The Bureau intends to consider the circumstances that entities face as a result of the COVID-19 pandemic and their good faith efforts to comply with statutory and regulatory obligations as soon as possible.

The Bureau believes that this flexibility will help furnishers and CRAs to manage the challenges of the current crisis. Below are examples of the flexibility the Bureau intends to provide in the consumer reporting system.

Furnishing consumer information impacted by COVID-19: The Bureau reiterates its prior guidance encouraging financial institutions to work constructively with borrowers and other customers affected by COVID-19 to meet their financial needs. While companies generally are not legally obligated to furnish information to CRAs, the Bureau encourages them to continue doing so despite the current crisis. Furnishers’ providing accurate information to CRAs produces substantial benefits for consumers, users of consumer reports, and the economy as a whole. The CARES Act, a section of which amends the FCRA, generally requires furnishers to report as current certain credit obligations for which furnishers make payment accommodations to consumers affected by COVID-19 who have sought such accommodations from their lenders. Many furnishers are or will be offering consumers affected by COVID-19 various forms of payment flexibility, including allowing consumers to defer or skip payments, as required by the CARES Act or voluntarily. Such payment accommodations will avoid the reporting of delinquencies resulting from the effects of COVID-19. The Bureau supports furnishers’ voluntary efforts to provide payment relief, and it does not intend to cite in examinations or take enforcement actions against those who furnish information to CRAs that accurately reflects the payment relief measures they are employing.

Disputes: The FCRA generally requires that CRAs and furnishers investigate disputes within 30 days of receipt of the consumer’s dispute. The 30-day period may be extended to 45 days if the consumer provides additional information that is relevant to the investigation during the 30-day period. The Bureau is aware that some CRAs and furnishers may face significant operational disruptions that pose challenges in the investigations. For example, some CRAs and furnishers may experience reductions in staff, difficulty in taking disputes, or lack of access to necessary information, rendering them unable to investigate the disputes within the timeframes the FCRA requires. Furnishers include a wide variety of businesses that vary in size and sophistication and can range from small retailers to very large financial services firms, each of which will face unique challenges due to the COVID-19 pandemic. In evaluating compliance with the FCRA as a result of the pandemic, the Bureau will consider a CRA’s or furnisher’s individual circumstances and does not intend to cite in an examination or bring an enforcement action against a CRA or furnisher making good faith efforts to investigate disputes as quickly as possible, even if dispute investigations take longer than the statutory timeframe. The Bureau reminds furnishers and CRAs that they may take advantage of statutory and regulatory provisions that eliminate the obligation to investigate disputes submitted by credit repair organizations and disputes they reasonably determine to be frivolous or irrelevant. The Bureau will consider the current constraints on furnishers’ and CRAs’ time, information, and other resources in assessing if such a determination is reasonable.

Regulatory requirements: The Policy Statement is a non-binding general statement of policy articulating considerations relevant to the Bureau’s exercise of its supervisory and enforcement authorities. It is therefore exempt from the notice and comment rulemaking requirements under the Administrative Procedure Act pursuant to 5 USC 553(b).

Resources for consumers and small businesses facing the impacts of the COVID-19 pandemic are available on the Bureau’s website at https://www.consumerfinance.gov/coronavirus/.

April 3rd, 2020|Guidence|

The Scherzer Deal Report: March 25-April 1, 2020

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

PE and VC Firms Fundraising Location Amount Description
Arch Venture Partners Chicago, IL $1.46B Tenth early-stage biotech fund and an affiliated overage fund
Ardian Paris, France $18B Eighth private equity secondaries fund
Gemspring Capital Westport, CT $750M Second fund
General Catalyst Cambridge, MA $600M Tenth early stage fund
General Catalyst Cambridge, MA $1B New growth fund
General Catalyst Cambridge, MA $700M New “endurance fund” that will back companies doing at least $100 million in sale
Tailwater Capital Dallas, TX $1.1B Fourth fund

Private Equity Investors Company  Amount Description
Palm Beach Capital Allen Brothers Undisclosed Philadelphia, PA-based wholesale distributor to the convenience and grocery store market
PSP Investments,  Alberta Teachers’ AltaGas Canada C$1.7B Canadian utility
Thoma Bravo Command Alkon Undisclosed Birmingham, AL-based supplier collaboration platform for heavy construction
Apple Dark Sky Undisclosed New York-based weather app that specializes in weather forecasting and visualization
Stone Canyon Industries Kissner $2B Toronto-based salt producer
Charlesbank Capital Partners News America Marketing $235M New York-based coupon-publishing unit 
Genstar Capital Obsidian Insurance Holdings $100M New fronting insurance holding company
HGCC PCF Insurance Undisclosed Woodland Hills, CA-based retail insurance brokerage
Council Capital Physician Housecalls Undisclosed Chickasha, OK-based provider of primary care services at private residences, assisted living centers, and independent senior apartments
Morgan Stanley Infrastructure Partners Seven Seas $500M + Tampa, FL-based water treatment business
Francisco Partners Smith Technologies Undisclosed Spartanburg, SC-based developer of community pharmacy and long-term care technology
Calera Capital Thayer Power & Communication Undisclosed Pataskala, OH-based provider of repair, maintenance, and upgrade services for the utility and telecom industries
Stonepeak Infrastructure Partners Trac Intermodal Undisclosed Princeton, NJ-based transportation equipment company

Venture Capital Investors Company  Amount Description
F-Prime Capital, NEA, Atlas Venture, Alexandria Venture Investments, Lonza, Partners Innovation Fund Affinia Therapeutics $60M Waltham, MA-based gene therapy startup
Pivotal BioVenture Partners, Cormorant Asset Management, Cowen Healthcare Investments, EcoR1 Capital, Fidelity, Polaris Founders Fund, Pagsgroup, Surveyor Capital, Wu Capital, 5AM Ventures, NEA, Novartis, Partners Innovation Fund, RA Capital Management, Sofinnova Investments Akouos $105M Boston, MA-based developer of gene therapies for hearing
Cigna Ventures, MemorialCare Innovation Fund, Avalon Ventures, CU Healthcare Innovation Fund, Stanford Health Care AristaMD $18M San Diego, CA-based e-consulting platform for medical specialists
OrbiMed, Arch Venture Partners, Frazier Healthcare Partners, Domain Associates, Section 32, Sam Altman Aspen Neuroscience $70M San Diego, CA-based developer of an autologous neuron replacement therapy to treat Parkinson’s disease
Lux Capital, Coatue, Sonder Capital, Playground Global, Baidu Ventures, Refactor Capital Avail Medsystems $25M Palo Alto, CA-based startup that helps digitize a surgeon’s physical presence in the operating room
Lightspeed Venture Partners, OpenView, Bessemer Venture Partners, YL Ventures, Vertex, WTI Axonius $58M New York-based cybersecurity asset management company
Itochu Corp. BigRentz $15M Irvine, CA-based construction equipment rental platform
Durable Capital Partner, Iconiq Capital, Index Ventures, Battery Ventures, CapitalG, Dawn Capital Collibra $112.5M New York-based provider of data governance software for business users
The Invus Group, Surveyor Capital, EDBI, Vertex Ventures, F2 Ventures, MPM Capital, EcoR1 Capital, Redmile Group, Samsara BioCapital ElevateBio $170M Cambridge, MA-based cell and gene therapy startup
T.J. Rogers, York Capital Enovix $45M Fremont, CA-based developer lithium-ion batteries
LeapFrog, Sequoia Capital, Sofina MedGenome $55M Foster City, CA-based genetic diagnostics and research startup focused on Southeast Asia
Index Ventures Notion $50M San Francisco-based provider of cloud-based collaboration tool
General Catalyst, Drive Capital, Oak HC/FT, Ascension Ventures Olive $51M Columbus, OH-based provider of health care administration automation software
Dell Technologies Capital, WRVI Capital, Avalon Ventures, Argentum Capital Partners, Allen and Company, Mathers Associates Orion Labs $29M San Francisco, CA-based provider of communication and automation SaaS for deskless workers
Access Biotechnology, Boxer Capital, RA Capital, OrbiMed, Polaris Partners, Versant Ventures, Roche Venture Fund, SR 1, JDRF T1D Fund, BioInnovation Capital Pandion Therapeutics $80M Cambridge, MA-based biotech focused on autoimmune disorders like Type 1 diabetes
G2VP Seegrid $25M Pittsburgh, PA-based developer of self-driving industrial vehicles for material handling
Georgian Partners, Franklin Templeton, Prologis Ventures, GreatPoint Ventures, Alumni Ventures Group Strivr $30M Palo Alto, CA-based provider of VR training solutions
RA Capital Management, Janus Henderson Investors, TPG Growth, Abingworth, Longitude Capital, Frazier Health Care Partners, Pivotal bioVenture Partners, Medixci, CTI Life Sciences, Roche Venture Fund, Foresite Capital SutroVax $110M Foster City, CA-based developer of a pneumonia vaccine
Radicle Impact Partners, The Ecosystem Integrity Fund, ID8 Investments, AiiM Partners Vericool $19.1M Livermore, CA-based maker of compostable insulation packaging
Exor, Shell, Macquarie Capital, Mori Building Via $200M New York-based ride hail and transit software compan

April 2nd, 2020|Scherzer Deal Report|

The Scherzer Deal Report: March 18-25, 2020

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

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

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

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

March 26th, 2020|Scherzer Deal Report|

Updated: Client communication regarding coronavirus – March 20, 2020

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

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

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

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

March 20th, 2020|Press Release|

The Scherzer Deal Report: March 11-18, 2020

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

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

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

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

March 20th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: March 4-11, 2020

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

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

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

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

March 13th, 2020|Scherzer Deal Report|