Mike Scherzer

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The Scherzer Deal Report: March 16-20, 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

Gradient
$220M
AI-focused seed fund

QHP Capital
$1.1B
Single-asset CV for Azurity Pharmaceuticals

Sands Capital
$1.1B
Third “global innovations” fund

Private Equity Deals

Audax Private Equity
AKAM
Undisclosed amount
New York City, NY-based property management and real estate firm

Black Bay Partners
Altara
Undisclosed amount
Rogers, AR-based provider of hydrogen sulfide removal solutions for sour oil and water production

Proviso Capital
American Color Imaging
Undisclosed amount
Cedar Falls, IA-based photo lab

Fort Point Capital 
Boston Green
Undisclosed amount
Freetown, MA-based provider of environmental services like waste disposal and emergency response

Sterling Investment Partners
Cyber Advisors
Undisclosed amount
Maple Grove, MN-based cybersecurity and managed IT services provider

Palladium Equity Partners
DME Express
Undisclosed amount
The Woodlands, TX-based provider of medical equipment for hospitals

Bain Capital
Duravent
Undisclosed amount
Detroit, MI-based provider of venting and air movement solutions

Franchise FastLane
Franchise Creator
Undisclosed amount
Miami, FL-based franchise consultancy

James River Home Health
Golden Rule HospiceUndisclosed amount
Atlanta, GA-based hospice operator

SouthernCarlson
Greenwald Supply Direct
Undisclosed amount
Hyattsville, MD-based building products distributor

Trimlite
Harris Door & Millwork
Undisclosed amount
Pendergrass, GA-based distributor of interior and exterior doors

Chartis
Leap AI
Undisclosed amount
San Francisco, CA-based provider of health-care ops enablement tech

3M and Bain Capital 
Madison Fire & Rescue
$1.95B
Oak Brook, IL-based rescue technology and fire-suppression products company

AirX Climate Solutions
Northern Air Systems
Undisclosed amount
Rochester, NY-based maker of packaged HVAC systems

Capstone Point
Optimal
Undisclosed amount
Los Angeles, CA-based media planning and buying agency

Mechanix Wear
OTEX
Undisclosed amount
Rochester, NY-based maker of personal protective equipment

Tech24
Pacific Standard Service
Undisclosed amount
Albany, CA-based provider of commercial cooking equipment

Viventium
Perks4Care
Undisclosed amount
Boca Raton, FL-based rewards platform for post-acute care workers

Paratek Pharmaceuticals
Radius Health
Undisclosed amount
Boston, MA-based developer of an osteoporosis therapy

Technimark
Rage Custom Plastics
Undisclosed amount
Hilliard, OH-based provider of blow and injection-molded plastic products for health care

Hamilton Lane
Republic
Undisclosed amount
New York City, NY-based private markets investment platform

Zenobē Energy
Revolv
Undisclosed amount
San Francisco, CA-based fleet charging firm

Burlington Capital Partners and RF Investment Partners
RS Boes
Undisclosed amount
Pensacola, FL-based franchisee of building services company Neighborly

Icelandirect
Soma Labs
Undisclosed amount
Middlesex, NJ-based supplements manufacturer

Nexus Health
Stratis Group
Undisclosed amount
Palm Beach, FL-based pharmaceutical consulting firm

Warburg Pincus
TheGuarantors
Undisclosed amount
New York City, NY-based provider of residential lease guarantee solutions and underwriting for rental housing

GoldState Music and TA Associates
Too Lost
Undisclosed amount
New York City, NY-based music tech and services platform for independent artists and record labels

PennAero
TriMas
Undisclosed amount
Bloomfield Hills, MI-based packaging materials company

Venture Capital Deals

Eclipse, a16z, Menlo Ventures, Lowercarbon, Necessary Ventures, and Offline Ventures
Arc
$50M
Los Angeles, CA-based maker of electric boats

General Catalyst
Beautiful.ai
$45M
San Francisco, CA-based presentation software startup

Bain Capital Crypto, Alumni Ventures, True Ventures, Anthos Capital, Bloomberg Beta, and Knight Foundation
Bluesky
$100M
Seattle, WA-based social network

Volition Capital
BusRight
$30M
New York City, NY-based student transportation startup

Bain Capital Ventures, IVP, 01 Advisors, 137 Ventures, Definition, and Fifth Down Capital
Cape
$100M
Arlington, VA-based mobile carrier

General Catalyst, Red Cell Partners, Systemiq Capital, Aero X Ventures, and Trenches Capital
Claros
$30M
Mclean, VA & Torrance, CA-based power management solutions company

General Catalyst, Liberty City Ventures, Lux Capital, Human Capital, Marquee Ventures, Fifth Growth Fund, NFL Players Association, LG Technology Ventures, Assurant Ventures, and DuckDuckGo
Cloaked
$375M
Lowell, MA-based consumer-focused privacy platform

Felicis, Conviction, Timeless, Artisanal Ventures, Lux Capital, Sunflower Capital, Datadog, and SV Angel
Corridor
$25M
San Francisco, CA-based AI coding security startup

Taiho Ventures, Arkin Bio Capital, Sixty Degree Capital, Hamilton Square Partners Management, LifeLink Ventures, Libbs Ventures, Blood Cancer United, MPM BioImpact, Pfizer Ventures, BVF Partners, Polaris Partners, Eli Lilly, and Mirae Asset Venture Investment
Crossbow Therapeutics
$77M
Cambridge, MA-based developer of cancer immunotherapies

Peak6 Strategic Capital, Ten Eleven Ventures, and an undisclosed bank
Eclypsium
$25M
Portland, OR-based IT infrastructure supply chain security startup

Sequoia Capital, A*, and 8VC
Edra
$30M
New York City, NY-based workflow automation startup

MVP Ventures, Fidelity, Top Tier, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, StepStone Group, and Alumni Ventures
Frore Systems
$143M
San Jose, CA-based data center cooling startup

Footwork, Primary Venture Partners, NextView Ventures, and Commerce Ventures
Fuse
$25M
New York City, NY-based loan origination system startup

TomEnterprise and Underground Ventures
GA Drilling
$44M
Houston, TX-based developer of geothermal drilling tech

Goldman Sachs
GeoWealth
$42.5M
Chicago, IL-based wealth management tech platform

Energized Capital, Zero Infinity Partners, Congruent Ventures, Obvious Ventures, and Sabanci Climate Ventures
Halcyon
$21M
San Francisco, CA-based energy data startup

Sei Development Foundation and Laidlaw Private Equity
Ironlight
$21M

Austin, TX-based developer of a regulated marketplace for tokenized securities

Coatue
Kalshi
$1B
New York City, NY-based largest predictions marketplace in the U.S.

B Capital, M12, Okta Ventures, MongoDB Ventures, Hearst Ventures, and Benchstrength
Knox Systems
$25M
Washington, DC-based cloud provider for the U.S. federal government

Spark Capital, Transformation Capital, Conviction, McKesson Ventures, General Catalyst, and Y Combinator
Latent Health
$80M
San Francisco, CA-based startup automating pharmacy workflows

Ballistic Ventures, General Catalyst, YL Ventures, and Merlin Ventures
Native
$42M
Seattle, WA-based cloud security startup

FirstMark, Causeway Ventures, Goodwater Capital, Companyon Ventures, and Epic Ventures
Posh
$37M
New York City, NY-based events platform

Abingworth, F-Prime Capital, DaVita Venture Group, Curie.Bio, SymBiosis, and U.S. Renal Care
R1 Therapeutics
$77.5M
Redwood City, CA-based biotech focused on chronic kidney disease

Norwest, Elron Ventures, RedSeed, UpWest, SentinelOne, Jibe Ventures, Dnipro VC, CyberFuture, and Unusual Ventures
Raven.io
$20M
Palo Alto, CA-based application security startup

YZi Labs
Roboforce
$52M
Milpitas, CA-based developer of industrial robots

Khosla Ventures, S32, Anthropic’s Anthology Fund, Menlo Ventures, Conviction, and Elad Gil
RunSybil
$40M
San Francisco, CA-based AI cybersecurity startup

Iconiq and CRV
Standard Template Labs
$49M
New York City, NY-based service management platform

Oak HC/FT, a16z, Adams Street Partners, and Yosemite
Turquoise Health
$40M
San Diego, CA-based health-care pricing startup

The Venture Collective, Droia Ventures, Merck Global Health Innovation Fund, Artis Ventures, and First Spark Ventures
Unnatural Products
$45M
Santa Cruz, CA-based developer of macrocyclic peptide therapeutics

DFJ Growth, Northzone, Alkeon Capital, Sofina, Altimeter, NFDG Ventures, and Sequoia Capital
Xbow
$120M
Seattle, WA-based autonomous offensive security startup

March 25th, 2026|Categories: Scherzer Deal Report|Tags: , |

Applicant Data Poisoning: Can You Trust What You See?

For years, employers relied on a candidate’s digital footprint as an honest record. Resumé databases and automated “scrapers” created a convenient digital paper trail that made hiring fast.

That era is over. A trend called Data Poisoning is allowing job seekers to manipulate or completely manufacture their professional identities using AI. When a past can be rewritten with a single prompt, automated screening tools lose their footing.

The result? A hiring ecosystem where digital signals can no longer be taken at face value.

The Anatomy of a Digital Lie

AI has turned the professional past into a sandbox. Data poisoning typically falls into three categories:

  • Scrubbing the Past: AI “cleanup” tools erase years of unprofessional content or rewrite profiles in seconds to fit a new narrative.
  • Fabricating Histories: Generative AI creates flawless resumés, invented career trajectories, and portfolios for companies that never existed.
  • Forging Identities: Sophisticated “synthetic” personas now use deepfake selfies and manipulated IDs to bypass basic automated verification.

The Cure: Traditional Direct-Source Verification

Direct-source verification, which is the hallmark of a traditional, rigorous background check bypasses manipulated digital footprints by going straight to the origin.

  • Employment: Verify titles, dates, and details directly with HR or the payroll department, and not LinkedIn or through contact information supplied by the applicant.
  • Education: Confirm degrees and attendance with the registrar of the issuing institution, and check to ensure that the school is accredited.
  • Licenses: Validate credentials through real-time checks with official licensing boards.

Spotting the “Too Perfect” Candidate

AI-generated profiles often lack the “messy” markers of a real career. The red flags typically include social profiles with no organic history or recent bulk edits, and overly generic, AI-polished language that lacks specific local or industry context.

The Bottom Line: Don’t Just Scan–Verify

Data poisoning isn’t a theoretical risk; it is an active strategy used to bypass automated filters. In an era where anyone can rewrite their digital past, the strongest hiring decisions don’t come from a faster algorithm–they come from confirming what is real at the source.

 

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: March 9-13, 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

Breakout Ventures
$114M
Third fund

Coefficient Capital
$500M
Second consumer growth fund

Glade Brook Capital Partners
$1B
Glade Brook Gondola Fund

Pax Ventures
$50M
Debut fund

Scout Ventures
$125M
Fifth fund

Spark Capital
$3B
New funds

Truelink Capital
$2B
Second flagship midmarket PE fund

Private Equity Deals

AIM MRO
AA Bushings
Undisclosed amount
Jupiter, FL-based maker of landing gear

Blackstone 
Advanced Cooling Technologies
Undisclosed amount
Lancaster, PA-based maker of thermal management and energy efficiency solutions

Bain Capital
APP Jet Center
Undisclosed amount
Fort Pierce, FL-based  provider of aviation services at supply-constrained airports

Blackstone and Blue Owl
Atlas Holdings
Undisclosed amount
Greenwich, CT-based private equity firm focused on manufacturing and distribution

Saber Power
Bounds Construction
Undisclosed amount
Tylertown, MS-based provider of foundation construction for industrial, utility, and energy infrastructure projects

Zendesk
Forethought
Undisclosed amount
San Francisco, CA-based customer service automation startup 

ACA Group
FX Transparency
Undisclosed amount
Framingham, MA-based provider of foreign exchange transaction cost analysis and execution analytics

Ara Partners
Gate City Power and Gate City Renewable Fuels 
$875M
Wilmington, DE-based thermal power-plant operator and ethanol producer

Oak Hill Capital
Guild Garage Group
$800M
New York City, NY-based alliance of garage door repair and replacement businesses

Mountaingate
Capital Harvest Group
Undisclosed amount
Rogers, AR-based commerce agency for consumer brands

Midland Industries
Industrial Specialties Manufacturing
Undisclosed amount
Englewood, CO-based maker of pneumatic, vacuum, and fluid circuitry components

Ramarketing
ISR Market Research
Undisclosed amount
Cary, NC-based specialist research firm

KPS Capital Partners 
Jennmar
Undisclosed amount
Pittsburgh, PA-based provider of infrastructure products for sectors like mining and construction

Monomoy Capital Partners
Jiffy Lube
$1.3B
Houston, TX-based auto services chain 

Altamont Capital Partners
Key Container
Undisclosed amount
Pawtucket, RI-based corrugated box manufacturer

BV Investment Partners 
Moxe Health
Undisclosed amount
Madison, WI-based clinical data exchange platform

Chicago Pacific Founders
Nexben
Undisclosed amount
Grand Rapids, MI-based health benefits firm

Greenbelt Capital Management 
Peak Utility Services Group
Undisclosed amount
Broomfield, CO-based utility infrastructure services provider

Dynamic Access
PICC Stat
Undisclosed amount
Minneapolis, MN-based vascular access provider

Serent Capital
Saisystems
Undisclosed amount
Shelton, CT-based provider of RCM and EHR solutions for physicians in skilled nursing facilities

Ridgewood Infrastructure 
Sierra Railroad Co.
Undisclosed amount
Oakdale, CA-based shortline rail platform

Siris 
Takkion
Undisclosed amount
Evansville, WY-based services provider to the renewable energy industry

ISPN
ZCorum
Undisclosed amount
Alpharetta, GA-based provider of managed IT services

Venture Capital Deals

RA Capital Management, Nextech Invest, The Column Group, Lux Capital, and Regeneron Ventures
Atavistik Bio
$40M
Cambridge, MA-based developer of treatments for blood cancer and bleeding disorders

Neuberger Berman, Alchip Technologies, ARK Invest, Insight Partners, MediaTek, QIA, Sequoia Global Equities, 1789 Capital, Advent Global Opportunities, Boardman Bay Capital Management, IAG Capital Partners, Light Street Capital, Playground Global, AMD Ventures, and Nvidia
Ayar Labs
$500M
San Jose, CA-based provider of optical interconnect solutions for large-scale AI workloads

Springcoast Capital Partners, PayPal Ventures, Arsenal Growth Equity, Mercury Fund, and Oak HC/FT
Cart.com
$180M
Houston, TX-based commerce and logistics provider

Tradeweb Markets, DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, XTX Markets, and Illuminate Financial
Crossover Markets
$31M
Wilmington, DE-based parent company of the CROSSx crypto electronic communication networks

Greylock
Cylake
$45M
Sunnyvale, CA-based cybersecurity startup for regulated institutions

a16z
Ease Health
$41M
New York City, NY-based maker of software for behavioral health providers

Tether Investments
Eight Sleep
$50M
New York City, NY-based maker of smart sleep products

Allumia Ventures, DaVita Venture Group, Blue Cross of Idaho, Flare Capital Partners, Optum Ventures, LRVHealth, Health Velocity, Martin Ventures, and Epsilon Ventures
Greater Good Health
$20.5M
El Segundo, CA-based value-based health services company

GV, Khosla Ventures, Acrew Capital, NfX, Scribble Ventures, and Webb Investment Network
Guild.ai
$44M
San Francisco, CA-based startup helping companies develop AI agents

Ghisallo Capital, Principia Growth, Sixty Degree Capital, and Strategic Development Fund
HawkEye 360
$23M
Herndon, VA-based radio signals intelligence startup

Redpoint Ventures and CrowdStrike Falcon Fund
JetStream Security
$34M
Santa Clara, CA-based AI governance startup

HealthX Ventures, 8VC, LRVHealth, Bold Capital Partners, and Ikigai Venture Partners
KeyCare
$20.9M
Chicago, IL-based telehealth startup

A16z, SV Angel, Harry Stebbings, and YC
Lio
$30M
New York City, NY-based agentic AI startup focused on procurement

HM Venture Partners and Southeast Minnesota Capital Partners
Minnesota Medical Technologies
$20.6M
Stewartville, MN-based continence care company

Founders Fund, Sequoia Capital, Lux Capital, and General Catalyst|
Nominal
$80M
Austin, TX-based industrial software startup

Janus Henderson Investors, RA Capital, SR One, Vida Ventures, and ArrowMark Partners
Poplar Therapeutics
$45M
Cambridge, MA-based food allergy biotech

RTW Investments
Prolium Bioscience
$50M
New York City, NY-based autoimmune biotech

Fifth Wall and Progressive, HighSage Ventures, Alumni Ventures, Flintlock Capital, Gaingels, Canaan, First Round Capital, Curql, and TruStage Ventures
RenoFi
$22M
Philadelphia, PA-based home renovation financing platform

Goldman Sachs Alternatives, IVP, and Goldcrest
Sage
$65M
New York City, NY-based care platform for senior living and skilled nursing

LuminArx Capital Management, General Atlantic, Coatue, Moore Strategic Ventures, and Andalusian Private Capital
Sierra Space
$550M
Louisville, CO-based defense-tech space spinout of Sierra Nevada Corp.

Geodesic Capital, Costanoa Ventures, Point72 Ventures, Felicis, First In, Scribble Ventures, Bloomberg Beta, Washington Harbour Partners, Palumni VC, Fulcrum Venture Group, Anomaly Fund, and Fortitude Ventures
Smack Technologies
$32M
El Segundo, CA-based AI lab for national security

March 18th, 2026|Categories: Scherzer Deal Report|Tags: , |

The Scherzer Deal Report: March 2-6, 2026

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

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

Fundraising for PE & VC Funds

a16z
$2B
Fifth crypto fund

Axiom Partners
$52M
Debut fund

Bregal Sagemount
$3.5B
Fifth flagship PE fund

Galvanize
$370M
Real estate fund

Sound Point Capital Management
$1.5B
Third private credit fund

Private Equity Deals

J.C. Flowers 
Accelerated Wealth Partners
$200M
New York City, NY-based RIA acquisition platform.

Trive Capital 
Adrianna Papell
Undisclosed amount
New York City, NY-based designer of women’s special-occasion apparel

Gemspring 
Aeromed
Undisclosed amount
Charlotte, NC-based provider of supply chain solutions to aerospace and defense

Trinity Hunt Partners
Berger Consulting Group
Undisclosed amount
Los Angeles, CA-based provider of economic consulting and damages analysis for labor and employment disputes

Centurium Capital
Blue Bottle Coffee
$400M
Oakland, CA-based coffee roaster & retailer

Visualize 
BMM Testlabs
Undisclosed amount
Las Vegas, NV-based provider of testing, inspection, compliance, and certification services to the gaming market

Resurgens Technology Partners 
Breezeway
Undisclosed amount
Boston, MA-based operations platform for vacation rentals

Riveron
Cuesta Partners
Undisclosed amount
Chicago, IL-based AI & data tech firm

West Star Aviation
DCJet Services
Undisclosed amount
Sterling, VA-based provider of field maintenance and aircraft-on-ground services

Southern Home Services
Dunn’s HVAC, Plumbing & Electrical
Undisclosed amount
Anniston, AL-based multi-trade service company

CRC Group
Euclid Transactional
Undisclosed amount
New York City, NY-based transactional insurance provider

Royal Cup
Farmer Brothers Coffee Co.
$28M
Northlake, TX-based coffee roaster, wholesaler, and distributor

Northlane Capital Partners
File & Serve
Xpress
Undisclosed amount
Dallas, TX-based provider of online legal document exchange and related services

TPG
Findhelp
$250M
Austin, TX-based social care tech platform

Concord
Finley Technologies

Undisclosed amount
San Francisco, CA-based provider of credit facility management software

Precision Strategies
Firehouse Strategies
Undisclosed amount
Washington, DC-based public affairs firm

Gryphon Investors
HRSoft
Undisclosed amount
Denver, CO-based provider of compensation management software

Blue Fire Equity
Jovian Concepts
Undisclosed amount
Hanover, MD-based provider of intelligence and engineering services to the U.S. defense and intelligence community

Lee Equity Partners
KCIC
Undisclosed amount
Washington, DC-based insurance risk consultancy

Searchlight Capital Partners and Abry Partners
Kore 
$726M
Atlanta, GA-based IoT (Internet of Things) company

Perceptyx
Lyceum AI
Undisclosed amount
Oxford, OH-based employee learning platform

Blackstone
MacLean Power Systems
$4B
Fort Mill, SC-based utility parts maker

Vista Equity Partners
Portside
Undisclosed amount
Cary, NC-based aviation software firm

Ardurra
Remington & Vernick
Undisclosed amount
Cherry Hill, NJ-based engineering consultancy

Enverus
SBS
Undisclosed amount
Littleton, CO-based design automation platform for gas utilities and telecom

Goldman Sachs Alternatives
Schellman
Undisclosed amount
Tampa, FL-based provider of cybersecurity compliance and attestation services

Gemspring Capital
Sitemetric
Undisclosed amount
Houston, TX-based provider of construction site security, access, and workforce software

Victor Capital Partners
Specialty Fenestration Group
Undisclosed amount
Houston, TX-based specialty fenestration platform

Sandbrook Capital
United Utility
Undisclosed amount
New Orleans, LA-based provider of electric utility infrastructure services

New State Capital Partners
Vast Coworking Group
Undisclosed amount
West Palm Beach, FL-based coworking company with over 200 locations

Virtual Technologies Group
Vector Tech
Undisclosed amount
Freeland, MI-based provider of customized and integrated IT solutions to businesses

Accel-KKR
Whip Around
Undisclosed amount
San Diego, CA-based provider of fleet maintenance and compliance software

Venture Capital Deals

RA Capital Management, Nextech Invest, The Column Group, Lux Capital, and Regeneron Ventures
Atavistik Bio
$40M
Cambridge, MA-based developer of treatments for blood cancer and bleeding disorders

Neuberger Berman, Alchip Technologies, ARK Invest, Insight Partners, MediaTek, QIA, Sequoia Global Equities, 1789 Capital, Advent Global Opportunities, Boardman Bay Capital Management, IAG Capital Partners, Light Street Capital, Playground Global, AMD Ventures, and Nvidia
Ayar Labs
$500M
San Jose, CA-based provider of optical interconnect solutions for large-scale AI workloads

Springcoast Capital Partners, PayPal Ventures, Arsenal Growth Equity, Mercury Fund, and Oak HC/FT
Cart.com
$180M
Houston, TX-based commerce and logistics provider

Tradeweb Markets, DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, XTX Markets, and Illuminate Financial
Crossover Markets
$31M
Wilmington, DE-based parent company of the CROSSx crypto electronic communication networks

Greylock
Cylake
$45M
Sunnyvale, CA-based cybersecurity startup for regulated institutions

a16z
Ease Health
$41M
New York City, NY-based maker of software for behavioral health providers

Tether Investments
Eight Sleep
$50M
New York City, NY-based maker of smart sleep products

Allumia Ventures, DaVita Venture Group, Blue Cross of Idaho, Flare Capital Partners, Optum Ventures, LRVHealth, Health Velocity, Martin Ventures, and Epsilon Ventures
Greater Good Health
$20.5M
El Segundo, CA-based value-based health services company

GV, Khosla Ventures, Acrew Capital, NfX, Scribble Ventures, and Webb Investment Network
Guild.ai
$44M
San Francisco, CA-based startup helping companies develop AI agents

Ghisallo Capital, Principia Growth, Sixty Degree Capital, and Strategic Development Fund
HawkEye 360
$23M
Herndon, VA-based radio signals intelligence startup

Redpoint Ventures and CrowdStrike Falcon Fund
JetStream Security
$34M
Santa Clara, CA-based AI governance startup

HealthX Ventures, 8VC, LRVHealth, Bold Capital Partners, and Ikigai Venture Partners
KeyCare
$20.9M
Chicago, IL-based telehealth startup

A16z, SV Angel, Harry Stebbings, and YC
Lio
$30M
New York City, NY-based agentic AI startup focused on procurement

HM Venture Partners and Southeast Minnesota Capital Partners
Minnesota Medical Technologies
$20.6M
Stewartville, MN-based continence care company

Founders Fund, Sequoia Capital, Lux Capital, and General Catalyst|
Nominal
$80M
Austin, TX-based industrial software startup

Janus Henderson Investors, RA Capital, SR One, Vida Ventures, and ArrowMark Partners
Poplar Therapeutics
$45M
Cambridge, MA-based food allergy biotech

RTW Investments
Prolium Bioscience
$50M
New York City, NY-based autoimmune biotech

Fifth Wall and Progressive, HighSage Ventures, Alumni Ventures, Flintlock Capital, Gaingels, Canaan, First Round Capital, Curql, and TruStage Ventures
RenoFi
$22M
Philadelphia, PA-based home renovation financing platform

Goldman Sachs Alternatives, IVP, and Goldcrest
Sage
$65M
New York City, NY-based care platform for senior living and skilled nursing

LuminArx Capital Management, General Atlantic, Coatue, Moore Strategic Ventures, and Andalusian Private Capital
Sierra Space
$550M
Louisville, CO-based defense-tech space spinout of Sierra Nevada Corp.

Geodesic Capital, Costanoa Ventures, Point72 Ventures, Felicis, First In, Scribble Ventures, Bloomberg Beta, Washington Harbour Partners, Palumni VC, Fulcrum Venture Group, Anomaly Fund, and Fortitude Ventures
Smack Technologies
$32M
El Segundo, CA-based AI lab for national security

March 11th, 2026|Categories: Scherzer Deal Report|Tags: , |

The Hiring Line: Work Authorization, Sponsorship, and E-Verify

You have 10 open roles and 100 applicants, and you want to know now who can actually work. But in the eyes of the law, curiosity can look a lot like discrimination. To protect your company, you need to know exactly where the “No-Go” zone begins.

The Pre-Offer “No-Go” Zone

Until you’ve extended a formal offer, your curiosity is legally capped. Federal guidance (under the INA) is a “two-question only” territory.

You CAN ask:

  1. “Are you legally authorized to work in the United States?”
  2. “Will you now or in the future require sponsorship for employment visa status?”

You CANNOT ask:

  • “Are you a U.S. citizen?”
  • “What is your visa type?” (H-1B, L-1, etc.)
  • “Can I see your Green Card or Passport?”
  • “Where were you born?”

Digging into citizenship or requesting documents too early is considered a discriminatory hurdle. Unless you fall under a narrow exception, it’s a fast track to a DOJ audit.

The Narrow Exception

There are limited situations when you can ask about citizenship upfront. This only applies if a law, executive order, or government contract requires it. Examples include:

  • Federal jobs: specific roles requiring U.S. citizenship.
  • Export controls: positions dealing with ITAR/EAR (defense and high-tech) where access is restricted by nationality.
  • Security clearances: roles that require a “Secret” or “Top Secret” stamp from the government.

E-Verify is for Post-Offer Only

E-Verify is a web-based system operated by the USCIS that electronically compares a new hire’s Form I-9 information with DHS and SSA records to confirm work authorization. It’s free and voluntary for most employers, although mandatory for certain federal contractors and by some states as a condition of business licensing or employment practices. Employers must create an account and sign a Memorandum of Understanding (MOU) with DHS and SSA before using E Verify.

Here’s the E-Verify flow:

  • Employee accepts an offer
  • Employee completes Form I-9
  • Employer enters I-9 data into E Verify
  • System checks the data against SSA and DHS records
  • Employer receives results

What Can Background Screening Companies Do?

Background screening companies must follow the same pre‑offer rules as employers, meaning they cannot check, request, or verify citizenship, visa type, or immigration status.

After a conditional offer, they can help verify work authorization only by reviewing the documents the employee provides for Form I‑9 and running E‑Verify, providing they are registered as an E‑Verify Employer Agent and the employer is enrolled. (Employers must still sign the MOU with the DHS and remain legally liable for any compliance slip-ups.) ‑

 

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.

Politics in Employment Screening

As political expression becomes increasingly visible online, employers face a difficult question: Does political activism have a place in personnel decisions? While much of this information is publicly accessible, its use in hiring is governed by a complex web of federal, state, and local laws. Employers must carefully distinguish between protected political expression, criminal conduct, and in limited circumstances where political contributions may create regulatory compliance obligations.

Screening for Cultural Fit Based on Politics

Using political views or lawful participation to assess a cultural fit is a risky strategy. While federal law does not explicitly protect political affiliation for private-sector employees, many states (such as California, New York, and Colorado) and local jurisdictions do. Even in “at-will” states without specific political protections, using political beliefs as a filter can inadvertently create a discrimination claim. This occurs if political views correlate with protected characteristics like race, religion, or national origin.

Lawful Political Activity vs. Criminal Conduct

Peaceful rallies, advocacy, volunteering, and public expression are generally protected by state-level “off-duty conduct” laws. If an individual engages in rioting, vandalism, assault, or trespassing for example, an employer may consider the criminal offense. The focus must remain on the illegal act, regardless of whether it was motivated by a political cause. When evaluating such criminal history, employers must still adhere to “Fair Chance” or “Ban-the-Box” laws, which dictate when and how employers can ask about a candidate’s record.

When Political Donations Matter

In the financial sector, political screening is not just a choice—it is often a regulatory requirement. Under SEC Rule 206(4)-5, certain political contributions by “covered associates” can trigger a two-year ban on the firm receiving compensation from government clients. To remain compliant, firms may conduct political contribution reviews for relevant roles. These reviews typically cover the previous two years (or six months for certain new associates). This screening must be used strictly for regulatory compliance, not to vet a candidate’s personal ideology.

 Bottom Line

Political screening can be a legal minefield. When handled with precision, background screening supports regulatory obligations; when handled poorly, it invites discrimination lawsuits.

 

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: February 23-27, 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

Ascend Capital Partners
$791M
Second health care-focused PE fund

Cutting Horse
$75M
Debut fund

Greenbriar Equity Group
$5.4B
Seventh PE fund

Palm Peak Capital
$374M
Inaugural funds

Second Sight Ventures
$75M
Debut fund

Private Equity Deals

Valiant Solutions
Abile Group
Undisclosed amount
Alexandria, VA-based provider of secure network and cyber services to national security customers

OceanSound Partners
Automated Financial Systems
Undisclosed amount

Exton, PA-based commercial loan servicing company

FCH
Axiflow Technologies
Undisclosed amount
Tampa, FL-based sanitary twin-screw pump solution

PlayPower
BCI Burke
Undisclosed amount
Fond du Lac, WI-based maker of play environments

Center for Social Dynamics
Behavior Change Institute
Undisclosed amount
Albuquerque, NM-based autism services provider

WestView Capital Partners
Benefits All In
Undisclosed amount
Cincinnati, OH-based health care benefit navigation company

Pye-Barker Fire & Safety
CARE Security & Monitoring
Undisclosed amount
Louisville, KY-based security systems provider

Blackstone
Champions Group
$2.5B
Irvine, CA-based residential services provider

Superior Environmental Solutions
ChemWorx
Undisclosed amount
Decatur, AL-based provider of specialized chemical cleaning services

Amberjack Capital Partners
CIMA Services
Undisclosed amount
Houston, TX-based waste management, environmental remediation and industrial services company

The Heritage Group
Forta
Undisclosed amount
Minneapolis, MN-based manufacturer of synthetic fibers for asphalt and concrete

Ariel Alternatives and Cherokee Nation Businesses 
Front Line Power Construction
Undisclosed amount
Houston, TX-based electrical construction and power infrastructure company

HKW 
Handling Systems and Conveyors
Undisclosed amount
Little Rock, AR-based provider crane, hoist, conveyor and tooling solutions

Bregal Sagemount 
Harbor Compliance
Undisclosed amount
Lancaster, PA-based entity compliance solutions

Tencarva
Hoffman-Kane Distributors
Undisclosed amount
Pittsburgh, PA-based provider of industrial fluid handling and sealing solutions

Flow Control Management
Kingston Valve Co.
Undisclosed amount
Torrance, CA-based industrial valve maker

Prime AE Group
Klavon Design Associates
Undisclosed amount
Pittsburgh, PA-based landscape architecture and planning services company

Palisade Infrastructure and SER Capital Partners
MicroGrid Networks
Undisclosed amount
New York City, NY-based battery energy storage systems company

GenNx360 Capital Partners 
NVI
Undisclosed amount
Gray, LA-based compliance and testing company for energy infrastructure, industrial manufacturing, power generation markets

Centralis Group
PINE Advisor Solutions
Undisclosed amount
Denver, CO-based provider of fund services

Bay
Pine Relation
Undisclosed amount
Chicago, IL-based insurance broker

Cerberus Capital Management 
Vivace International
Undisclosed amount
New Orleans, LA-based propulsion tanks and aerospace systems company

The Eagle Leasing Company
West Brothers Trailers and Containers4Less
Undisclosed amount
Raleigh, NC-based providers of shipping containers and semi-trailer rentals

The Riverside Company
Western Botanicals
Undisclosed amount
Spanish Fork, UT-based vitamins and supplements development organization

Venture Capital Deals

Battery Ventures, J2 Ventures, and DYNE
Aalyria
$100M
Livermore, CA-based aerospace communications company

Jeito Capital and Novo Holdings
Alveus Therapeutics
$37M
Philadelphia, PA-based obesity and metabolic disease therapy developer

Index Ventures, Team8, and Holly ventures
Astelia
$35M
New York City, NY-based cybersecurity platform

Accel, GV, Lloyd Blankfein, and Khosla Ventures
Basis 
$100M
New York City, NY-based agent platform for accountants

Yuanta Investment and DSC Investment
BreezeBio
$60M
San Francisco, CA-based mRNA diabetes therapy biotech

A16z, DCVC, LMNT, Marlinspike, Overmatch, Shield Capital, Ensemble, Trenches Capital, General Catalyst, and XYZ
Chariot Defense
$34M
San Francisco, CA-based battlefield power company

Wellington Management, YC, CRV, N47, Crane Venture Partners, and Harpoon Ventures
Encord
$60M
San Francisco, CA-based physical AI data infrastructure company

8VC led, Bain Capital Ventures, Liquid 2 Ventures, and Outsiders Fund
Flux
$27M
San Francisco, CA-based electronics vibe-coding startup

Emergence Capital, YC, and Peak XV Partners
Harper
$46.8M
San Francisco, CA-based insurance brokerage startup

Kaszek, Goodwater Capital, Y Combinator, Arash Ferdowsi (Founder of Dropbox), Guillermo Rauch (Founder of Vercel), Martin Varsavsky (Founder of Overture), and Rajat Suri (Founder of Lyft)
Humand
$66M
San Francisco, CA-based HR platform for deskless workforces

Theory Ventures
Koah
$20.5
MSan Francisco, CA-based “AdSense for AI” Jane Street and Situational Awareness,

Marvell Technology, NFDG, Spark Capital, and Stripe co-founders Patrick and John Collison
MatX
$500M
Mountain View, CA-based AI chip developer

Norwest, Databricks Ventures, Target Global, Square Peg, Hetz Ventures, Slow Ventures, R-Squared Ventures, J-Ventures, and InvestIn
Data Nimble
$47M
New York City, NY-based web search and data platform

Bessemer Venture Partners, Booz Allen Ventures, Draper Associates, Bloomberg Beta, and Alumni Ventures
Noda AI
$25M
Austin, TX-based tactics orchestration platform for the U.S. defense and intelligence markets

Lead Edge Capital, Iconiq, Index Ventures, Greylock, Harmony Partners, and Interplay
Pepper
$50M
New York City, NY-based software for independent food distributors

Olive Tree Capital 
Phoenix Tailings
$30.2M
Woburn, MA-based rare earth metals production company

Lightspeed Venture Partners, Sequoia Capital, Kleiner Perkins, Saga VC, South Park Commons, and Evantic
Profound
$96M
New York City, NY-based agentic marketing startup

Index Ventures, Redpoint Ventures and insiders Thrive Capital, Felicis, Abstract Ventures, and Dylan Field
Revel
$150M
Los Angeles, CA-based unified software platform for hardware test and control

Sequoia Capital, Emergence Capital, Stripe, Conviction, Basis Set, and Twine Ventures
Rowspace
$50M
San Francisco, CA-based data AI platform for financial firms

Mubadala Capital, Arch Venture Partners, Lingotto Horizon, and Averin Capital
Salma Health
$80M
La Jolla, CA-based brain health startup

Intel
SambaNova
$350M
Palo Alto, CA-based chipmaker

10 Atlantic Group, Egis Capital Partners, and MUUS
Sensera Systems
$27M
Denver, CO-based job-site intelligence platform

NantWorks, Fidelity, Sumitomo Corp. of Americas, Pelican Energy Partners, Deerfield Management, and Oaktree Capital Management
Shine Technologies
$240M
Janesville, WI-based nuclear fusion startup

U.S. Venture Partners
Slang AI
$36M
New York City, NY-based AI platform for the hospitality industry

RA Capital Management, Forbion, and Foresite Capital
Slate Medicines
$130M
Raleigh, NC-based migraine and headache drug company

Vistara Growth
Subject
$28M
Beverly Hills, CA-based AI education platform

Chugai Venture Fund and the Gates Foundation
Ten63 Therapeutics
$22M
Durham, NC-based AI drug-discovery company

67 Capital, Marunouchi Innovation Partners, Hamilton Lane, ClearSky and GMS
Ubicquia
$106M
Fort Lauderdale, FL-based digital infrastructure company

Legend Capital and Bertelsmann Group
Viture
$100M
San Francisco, CA-based XR glasses maker

March 4th, 2026|Categories: Scherzer Deal Report|Tags: , |

The Scherzer Deal Report: February 16-20, 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

Battery Ventures
$3.25B
15th flagship fund

Dragonfly
$650M
Fourth fund

Frist Cressey Ventures
$425M
Fourth fund

Guardian Capital Partners 
$441M
Fourth fund

HarbourVest 
$1.1B
First fund

HGGC
$3.2B
Fifth fund

JLL Partners 
$1.4B
Ninth fund

Soundcore Capital Partners 
$450M
Third fund

Union Capital
Greenwich, Conn.
$450M

Fourth fund
Veritas Capital
$15.3B
Ninth PE fund

Private Equity Deals

Valiant Solutions
Abile Group
Undisclosed amount
Alexandria, VA-based provider of secure network and cyber services to national security customers

OceanSound Partners
Automated Financial Systems
Undisclosed amount

Exton, PA-based commercial loan servicing company

FCH
Axiflow Technologies
Undisclosed amount
Tampa, FL-based sanitary twin-screw pump solution

PlayPower
BCI Burke
Undisclosed amount
Fond du Lac, WI-based maker of play environments

Center for Social Dynamics
Behavior Change Institute
Undisclosed amount
Albuquerque, NM-based autism services provider

WestView Capital Partners
Benefits All In
Undisclosed amount
Cincinnati, OH-based health care benefit navigation company

Pye-Barker Fire & Safety
CARE Security & Monitoring
Undisclosed amount
Louisville, KY-based security systems provider

Blackstone
Champions Group
$2.5B
Irvine, CA-based residential services provider

Superior Environmental Solutions
ChemWorx
Undisclosed amount
Decatur, AL-based provider of specialized chemical cleaning services

Amberjack Capital Partners
CIMA Services
Undisclosed amount
Houston, TX-based waste management, environmental remediation and industrial services company

The Heritage Group
Forta
Undisclosed amount
Minneapolis, MN-based manufacturer of synthetic fibers for asphalt and concrete

Ariel Alternatives and Cherokee Nation Businesses 
Front Line Power Construction
Undisclosed amount
Houston, TX-based electrical construction and power infrastructure company

HKW 
Handling Systems and Conveyors
Undisclosed amount
Little Rock, AR-based provider crane, hoist, conveyor and tooling solutions

Bregal Sagemount 
Harbor Compliance
Undisclosed amount
Lancaster, PA-based entity compliance solutions

Tencarva
Hoffman-Kane Distributors
Undisclosed amount
Pittsburgh, PA-based provider of industrial fluid handling and sealing solutions

Flow Control Management
Kingston Valve Co.
Undisclosed amount
Torrance, CA-based industrial valve maker

Prime AE Group
Klavon Design Associates
Undisclosed amount
Pittsburgh, PA-based landscape architecture and planning services company

Palisade Infrastructure and SER Capital Partners
MicroGrid Networks
Undisclosed amount
New York City, NY-based battery energy storage systems company

GenNx360 Capital Partners 
NVI
Undisclosed amount
Gray, LA-based compliance and testing company for energy infrastructure, industrial manufacturing, power generation markets

Centralis Group
PINE Advisor Solutions
Undisclosed amount
Denver, CO-based provider of fund services

Bay
Pine Relation
Undisclosed amount
Chicago, IL-based insurance broker

Cerberus Capital Management 
Vivace International
Undisclosed amount
New Orleans, LA-based propulsion tanks and aerospace systems company

The Eagle Leasing Company
West Brothers Trailers and Containers4Less
Undisclosed amount
Raleigh, NC-based providers of shipping containers and semi-trailer rentals

The Riverside Company
Western Botanicals
Undisclosed amount
Spanish Fork, UT-based vitamins and supplements development organization

Venture Capital Deals

Bessemer Venture Partners, The Guardian Life Insurance Company of America, SEI, and Vanguard
Avantos
$25M
New York City, NY-based onboarding system for financial institutions

Iconiq, a16z, basecase, and Greylock
Braintrust
$80M
San Francisco, CA-based developer of AI observability and evaluation tools

Matter Venture Partners, Bessemer Venture Partners, Micron, MediaTek, and Ericsson
ChipAgents
$50M
Santa Clara, CA-based software company for semiconductor design and verification

Salesforce Ventures, Accel, and Cap B
Code Metal
$1.25B
Boston, MA-based code translation startup for defense and other mission-critical industries

Bain Capital Ventures, Greylock Partners, Definition, and individual investors
Cogent Security
$42M
San Francisco, CA-based vulnerability management company

Engine Ventures, ABB, Cerberus Ventures, Chevron Technology Ventures, Clean Energy Ventures, Fine Structure Ventures, Helios Climate Ventures, MCJ, and Piedmont Capital
DG Matrix
$60M
Morrisville, NC-based solid-state transformer startup

Asymmetric Capital Partners and The O.H.I.O. Fund
Eagle Wireless
$30M
Cleveland, OH-based cellular module manufacturer

Triatomic Capital, Eclipse, Union Square Ventures, Overlap Holdings, Box Group, RTX Ventures, Toyota Ventures, and Overmatch Ventures
Efficient Computer
$60M
Pittsburgh, PA-based maker of energy-efficient processors

Apandion, AE Ventures, Founders Fund, Linse Capital, NVentures, Threshold Ventures, and Two Sigma Venture
Freeform
$67M
Hawthorne, CA-based 3D-printing metal manufacturing company

Andreessen Horowitz’s American Dynamism Fund, Breakthrough Energy Ventures, Capricorn Investment Group, Energy Impact Partners, Gigascale Capital, and Valor Atreides AI Fund
Heron Power
$140M
Scotts Valley, CA-based maker of solid-state transformers

Insight Partners, F-Prime, Allianz Life Ventures, TIAA, Battery Ventures, Sorenson Capital, Pelion Venture Partners, and Citi Ventures
Jump
$80M
Salt Lake City, UT-based AI meeting assistant for financial advisors

Wellington Management, TCGX, JPMorgan Life Sciences Private Capital, Janus Henderson Investors, Sanofi Ventures, and Foresite Capital
Korsana Bioscience
$175M
Waltham, MA-based Alzheimer’s biotech

IAG, Shell, Groupe ADP, LanzaTech, and Mitsui
LanzaJet
$47M
Deerfield, IL-based sustainable aviation fuel maker

Thrive Capital, Also Capital, and Banner VC
Mesh Optical
$50M
Los Angeles, CA-based developer of optical tech for data centers

Pantera Capital, Multicoin, Makers Fund, Edge Equity, Forerunner, and NFX
Novig
$75M
New York City, NY-based sports prediction market

FPV Ventures, Vertex Ventures, ADP Ventures, YC, and Restive Ventures
Onshore
$31M
New York City, NY-based corporate tax incentives startup

Alpha Edison, Mercato Partners, Intuit Ventures, Left Lane Capital, First Round Capital, Long Journey Ventures, Proof Fund, and Wonder Ventures
Ownwell
$30M
Austin, TX-based residential property taxes appeals platform

Catalio Capital
ProSomnus
$35M
Pleasanton, CA-based maker of a discreet sleep apnea device

Georgian, Addition, Bessemer, General Catalyst, and 01A
Render
$100M
San Francisco, CA-based cloud infrastructure startup

Konvoy Ventures, Shield Capital, DNS Capital, Techstars, Tanis Venture Management, Crumpton Ventures, and Dorado Group
Seasats
$20M
San Diego, CA-based small uncrewed surface vehicles company

AVP, Ansa Capital, Two Bear Capital, and Sinewave Ventures
Selector
$32M
Santa Clara, CA-based observability and network intelligence company

Team8 and SignalFire
Solid
$20M
New York City, NY-basedstartup adding business context to data

A16z, Lightspeed, Sapphire Ventures, and Sequoia Capital
Temporal
$300M
Seattle, WA-based microservices orchestration startup

Ara Partners and APG Asset Management
Utility Global
$100M
Houston, TX-based decarbonization company

Blue Owl Capital, Sixth Street Growth, Neuberger Berman, SLW, Morgan Stanley, Franklin Templeton, TIAA Ventures, and Harbour
Vest Vestwell
$385M
New York City, NY-based 401k savings plan company

Sorenson Capital,National Grid Partners, Ten Eleven Ventures, and In-Q-Tel
VulnCheck
$25M
Lexington, MA-based exploit intelligence startup

February 25th, 2026|Categories: Scherzer Deal Report|Tags: , |

Googling Job Applicants: Legal? Yes. Risky? Yes.

In today’s hiring landscape, it’s almost second nature for employers to type an applicant’s name into Google or check out their social media. If the information is public, it must be fair game, right?

Not exactly. While you can look, doing so without a structured process can expose your organization to significant legal and compliance risks.

Public Information Is Accessible But Comes With Hidden Liability

Employers may view publicly available online content without obtaining specific authorization. However, a simple search can unintentionally reveal protected characteristics such as age, race, religion, disability status, or pregnancy. Once discovered, this information could fuel discrimination claims if the applicant later challenges a hiring decision. The principle is simple: what’s seen can’t be unseen, and that creates risk.

Private Accounts Are Off-Limits

No employer should ever:

  • Request social media passwords
  • Ask applicants to access private accounts
  • Send “friend” requests to gain entry
  • Ask for screenshots of private content

In California, these actions are illegal under Labor Code § 980. Many other states have enacted similar protections.

FCRA Applies If Using An Outside Service

If an employer hires any third-party service to review an applicant’s online presence, the process becomes a consumer report under the Fair Credit Reporting Act (FCRA).That means employers must:

  • Provide a standalone written disclosure
  • Obtain written authorization
  • Follow pre-adverse and adverse action procedures before rejecting based on the report

Ignoring FCRA obligations is one of the most common and expensive hiring pitfalls.

Best Practices To Reduce Risk

To protect your organization and ensure a fair, compliant hiring process:

  • Create a structured, consistent process for any online screening.
  • Use a “firewall” between the person viewing online content and the final decision-maker.
  • Limit reviews to public, job-related information only.
  • Document your screening approach and maintain it across roles.
  • Apply the same process to all candidates to avoid disparate treatment.

 

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: February 6-13, 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

All Aboard Fund
New York City, NY
$99M
Debut fund

Brigade Capital Management
New York City, NY
$1B
Private credit fund

Primary Venture Partners
New York City, NY
$675M
Fifth flagship seed fund

Seligman Ventures
Menlo Park, CA
$500M
Debut fund

Private Equity Deals

Gauge Capital
AAI
Undisclosed amount
Westminster, CO-based insurance network

Proofpoint
Acuvity
Undisclosed amount
Sunnyvale, CA-based provider of AI enterprise security and governance solutions

CapitalSpring
Alloy Personal Training
Undisclosed amount
Roswell, GA-based provider of personalized fitness training

Hellman & Friedman
Bill Holdings
Undisclosed amount
San Jose, CA-based business payments firm

Supreme Group
Broth
Undisclosed amount
New York City, NY-based health-care commercialization creative agency

White Cap
Colony Hardware
Undisclosed amount
Orange, CT-based direct-to-jobsite distributor of construction materials

By Light
Dignitas
Undisclosed amount
Newark, NJ-based provider of modeling, simulation, and training products

Pavilion Payments
Ditronics
Undisclosed amount
Las Vegas, NV-based provider of funds access services to the gaming industry

Left Lane Auto
Don Foshay’s
Undisclosed amount
Portland, ME-based auto repair and maintenance chain

General Atlantic
European Wax Center
$330B
Plano, TX-based provider of waxing services

Lone Star Funds
Hillenbrand
$3.8B
Batesville, IN-based plastic parts maker

Direct Marketing Solutions
Johnson & Quin
Undisclosed amount
Niles, IL-based direct marketing firm

Industrial Service Solutions
MSHS Pacific Power Group
Undisclosed amount
Fort Lauderdale, FL-based MRO for the energy, industrial and national defense sectors

Patient Square Capital
Paradigm
Undisclosed amount
Walnut Creek, CA-based specialty care management organization

Novaria Group
Plasma Ruggedized Solutions
Undisclosed amount
San Jose, CA-based provider of conformal coatings for sensitive electronics

Cinven
Regenity Biosciences
Undisclosed amount
Paramus, NJ-based bioresorbable technologies company

Mission Wealth
RightPath Investments & Financial Planning
Undisclosed amount
Frisco, CO-based fiduciary wealth advisory

TPG
Sabre Industries
$3.5B
Alvarado, TX-based provider of infrastructure for power utilities, telecoms and data centers

Province
StoneTurn
Undisclosed amount
Boston, MA-based disputes and investigations firm

KPS Capital Partners
The Wells Cos.
Undisclosed amount
Albany, MN-based maker and installer of architectural and structural precast concrete solutions

MKB Co.
US Silt & Site Supply
Undisclosed amount
Bow, NH-based maker of erosion and sediment control products

Halo Partners
W.O. Grubb
Undisclosed amount
North Chesterfield, VA-based provider of cranes and other heavy equipment

Venture Capital Deals

Playground Global, Segra Capital, NGP, Mercator Partners, Alumni Ventures, 8VC, Logos, Simon Holmes à Court, and Isabelle Boemeke 
Alva Energy
$33M
Cambridge, MA-based nuclear energy company

Bessemer Venture Partners, GV, Modern Capital, and Threshold Ventures
Inertia Enterprises
$450M
San Francisco, CA-based fusion energy startup 

AT&T Ventures, John Deere, Capital, Google, Mercedes-Benz, and PEAK6
Apptronik
$520M
Austin, TX-based developer of humanoid robots

Sapphire Ventures, Greylock, Thomson Reuters Ventures, and Canvas Ventures
Bretton AI
$75M
San Francisco, CA-based financial crime compliance startup

Chemistry, Headline, and M12
Didero
$30M
New York City, NY-based builder of procurement agents

Felicis, Madrona, M12, and Basis Set
Entire
$60M
San Francisco, CA-based AI coding startup 

Eclipse, Ibex Investors, Lifeline Ventures, and JIMCO
Ever
$31M
San Francisco, CA-based EV marketplace

Kleiner Perkins, Redpoint, Maverick Capital, Kaiser Permanente Ventures, Mercy, and Plus Capital
Garner
$118M
New York City, NY-based health-care navigation company

Smith Point Capital, Bain Capital Ventures, XRC Ventures, and Hillman Investments
Gather AI
$40M
Pittsburgh, PA-based AI platform for warehouse cameras and drones

RA Capital Management, Janus Henderson Investors, and BNP Paribas Asset Management
ILiAD Biotechnologies
$115M
Weston, FL-based whooping cough vaccine developer

Longevity Fund and Baillie Gifford
Loyal
$100M
San Francisco, CA-based developer of lifespan extension drugs for dogs

Red Dot Capital, Leaders Fund, Secret Chord Ventures, Cerca Partners, Caffeinated Capital, and Velocity
XMatia
$21M
Miami, FL-based data ops unification startup

Founders Fund and Human Capital
Monaco
$35M
San Francisco, CA-based AI sales startup

Draper Associates, New Vista Capital, Soma Capital, 2 VC, VU Venture Partners, Wave FX, Type One Ventures, The Veterans Fund, and Flexport
Natilus
$28M
San Diego, CA-based maker of blended-wing aircraft

Walden Catalyst, Intel Capital, Race Capital, Storm Ventures, Thomvest, and Advanced Technology Research Council
Opaque
$24M
San Francisco, CA-based AI platform for sensitive data

USIT, Eclipse Ventures, Counterpart Ventures, Riot Ventures, Intel Capital, Friends and Family Capital, and Jane Street
Oxide Computer Co.
$200M
Emeryville, CA-based private cloud computing startup

General Atlantic, Nvidia, Adobe Ventures, and AMD Ventures
Runway
$315M
New York City, NY-based AI video startup

Vista Equity Partners, Cambium Capital, and Intel Samba
Nova
$350M
Palo Alto, CA-based AI chipmaker

Index Ventures, Bain Capital Ventures, A*, Hanabi Capital, Fei-Fei Li, and Andrej Karpathy
Simile
$100M
Palo Alto, CA-based developer of an AI model for predicting human behavior

IVP, investors Menlo Ventures, SignalFire, Torch Capital, Inspired Capital, and RiverPark Ventures
Solace Health
$130M
Redwood City, CA-based platform connecting patients with health advocates

Perceptive Advisors, a16z, Sofina, blisce, and Left Lane Capital
Talkiatry
$210M
New York City, NY-based psychiatric care startup

Primary, Builders VC, E1 Ventures, Proximity, Refactor Capital, Tusk Ventures, and Wonder Ventures
TBC
$25M
San Francisco, CA-based biological computing startup

Engine Ventures, IAG Capital Partners, Cadence and Geodesic Capital
Trener Robotics
$32M
San Francisco, CA-based robot skills platform for manufacturing

Curql, Silverton Partners, 645 Ventures, Broadridge, Green Visor Capital, Live Oak Ventures, First Capital, Epic Ventures, Tau Ventures, and Evolution VC
Uptiq
$25M
McKinney, TX-based builder of AI agents for lending and wealth workflows inside financial institutions

February 18th, 2026|Categories: Scherzer Deal Report|Tags: , |
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