Mike Scherzer

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The Scherzer Deal Report: April 3-7, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

$850M
13th flagship VC fund
 
$350M
Debut fund
 
$100M
Debut fund
 
$8B
Sixth European private equity fund
 
$110M
Debut fund
 
$328M
17th private equity fund-of-funds
 
$300M
Debut fund

Private Equity Deals

Mill Rock Capital
Undisclosed
Asbury, NJ-based maker of carbon additive solutions
 
Blue Point Capital Partners
Undisclosed
Vernon Hills, IL-based maker of eyewear frames
 
Arkview Capital
Undisclosed
New York, NY-based parking operator
 
Marlin Equity Partners
Undisclosed
Chicago, IL-based provider of occupational and employee health software
 
Inverness Graham
Undisclosed
St. Paul, MN-based provider of single-use surgical and instrument protection products
 
Sky Island Capital
Undisclosed
Ellsworth, WI-based maker of breaded cheese curds
 
Crestview Partners
$200M
Monterey, CA-based registered investment advisors
 
Bridge Investment Group
$320M
Stamford, CT-based private equity secondaries firm
 
Ethos Capital
Undisclosed
Manchester, NH-based collaboration platform for architectural, engineering, and construction
 
Mill Point Capital
Undisclosed
Kissimmee, FL-based recycler and manufacturer of horticulture containers and trays
 
Parthenon Capital
Undisclosed
Las Vegas, NV-based gaming payment solution provider
 
Great Range Capital
Undisclosed
Milwaukee, WI-based commercial roofing contractor
 
Platinum Equity
Undisclosed
Dunnville, KY-based farm and ranch equipment business

Venture Capital Deals

Radical Ventures, Index Ventures, CPPIB, Amplify Partners, Gates Frontier Holdings, AIX Ventures, Northgate Capital
$75M
Emeryville, CA-based maker of picking robots
 
SoftBank
$100M
Boston, MA-based endpoint detection and cybersecurity software company
 
Morgan Stanley Investment Management, StepStone Group, Columbia Capital
$50M
San Marcos, CA-based supply chain management company
 
Bain Capital Life Sciences, Janus Henderson, Baillie Gifford, Capricorn Investment Group, Hayfin Capital Management, HealthCor, Martis Capital, USVP, Wellington Management
$215M
Mountain View, CA-based cardiac diagnostic platform
 
Headline, Insight Partners, Scale Venture Partners
$50M
San Francisco, CA-based observability market platform
 
Novalis LifeSciences, Sozo Ventures, Hatteras Venture Partners, iSelect Fund, American Cancer Society BrightEdge, Broadway Angels
$41M
Natick, MA-based developer of liquid biopsies for early cancer detection
 
NEA, Khosla Ventures, Dolby Family Ventures, Liberty Global Ventures, Fusion Fund, Drew Perkins, Open Field Capital, Edge
$22.4M
Saratoga, CA-based developer of micro-LED display tech
 
Parkway VC, Intel Capital
$23M
Atlanta, GA-based X-ray tech startup
 
TenOneTen Ventures, Rembrandt Venture Partners, Hawke Ventures, DragonX Capital, FJ Labs
$34M
New York, NY-based provider of e-commerce tools
 
Eclipse, Riot Ventures, Champion Hill Ventures, Space.VC, Narya
$17M
Colorado Springs, CO-based space security startup
 
Forage Capital Partners, Mountain Group Partners, Grosvenor Food & Ag Tech, Open Prairie, Fulcrum Global Capital, Serra Ventures, KC Rise
$20M
Lenexa, KS-based precision livestock startup
 
SignalFire, Evolent Health CEO Frank Williams, Social Entrepreneurs’ Fund, CD Venture, Yabeo, Partnership Fund for NYC
$20M
Los Angeles, CA-based behavioral economics and wellness company

The Scherzer Deal Report: March 27-31, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

$5.3B
Seventh flagship fund
 
$210M
Founders fund
 
$25M
Debut fund
 
$100M
Debut fund
 
$570M
Seventh fund
 
$4.5B+
Seventh flagship PE fund
 
$305M
Debut fund
 
$600M
Second independent fund
 
$200M
Latest fund

Private Equity Deals

Recognize
Undisclosed
Berwyn, PA-based provider of B2B marketing-as-a-service solutions
 
Garnett Station Partners
Undisclosed
Charlotte, NC-based restaurant chain
 
EQT Infrastructure
Undisclosed
Alpharetta, GA-based provider of yard management and facility logistics services 
 
SAI MedPartners
Undisclosed
Reading, PA-based market intelligence firm for the biotech and pharma industries
 
Graycliff Partners
Undisclosed
Davenport, IA-based distributor of HVAC and electrical equipment
 
Trinity Hunt Partners
Undisclosed
Southborough, MA-based provider of commercial landscaping services
 
Riveter Capital
Undisclosed
Dallas, TX-based provider of school meals to children
 
Kohlberg & Co.
Undisclosed
Atlanta, GA-based provider of gastrointestinal services
 
AUA Private Equity Partners
Undisclosed
Galesburg, IL-based maker of premium meat snacks

Venture Capital Deals

Softbank
$375M
Bedford, MA-based e-commerce robots maker
 
JMI Equity
$90M
New York, NY-based academic operations platform for higher education
 
Blockchain Capital, Coinbase Ventures, Polychain Capital, Hack VC, Electric Capital
$50M
Seattle, WA-based ethereum restaking protocol
 
Redpoint Ventures, Madrona Venture Group, Zetta Venture Partners, SignalFire, Bloomberg Beta, Kearny Jackson
$17M
Seattle, WA-based automation platform for large language models used by enterprises
 
Two Bear Capital, Sequoia Capital, Atlantic Bridge, Harpoon Venture Capital Partners
$62M
San Jose, CA-based edge services startup
 
Cathay Innovation, La Maison, Top Harvest Capital, Obvious Ventures
$20M
Guilford, CT-based clinical trials marketplace
 
Biospring Partners, Senator Investment Group, B Capital Group, Glasswing Ventures
20M
Boston, MA-based online marketplace for life science supplies
 
Rockefeller Asset Management, Uncorrelated Ventures, Partnership Fund for New York City
$22M
New York, NY-based compliance-focused employee chat monitoring startup
 
Menlo Ventures, Greylock
$19.1M
San Francisco, CA-based billing automation startup
 
Portage
$40M
Houston, TX-based mobile commerce and payments provider
 
NEA, Databricks Ventures, Elad Gil, Bob Muglia (former CEO of Snowflake), Paul Buchheit
$25.6M
San Francisco, CA-based answer app
 
Companion Fund, Left Lane Capital, Valor Capital, 301 INC
$19M
New York, NY-based DTC fresh cat food brand
 
Team8, Euclidean Capital, Intuition Fund, Communitas Capital, Phoenix, Nidoco AB
$28M
New York, NY-based impact-as-a-service platform for financial institutions
 
Acrew Capital, ATX Venture Partners, Trust Ventures, Dream Ventures, Interplay, Accomplice, Vera Equity, FJ Labs, Fiat Ventures, Gaingels, Kelmhurst, Oyster Funds, Hilltop Ventures, Permit Ventures, Kindergarten Ventures, J2 Capital, Socially Financed, Kapital Ventures
$15M
Austin, TX-based bill pay tool
 
Breakthrough Energy Ventures, TDK Ventures, Doral Energy Tech Ventures
$29M
Madison, WI-based nuclear fusion developer
 
LG Technology Ventures led, and was joined by Safar Partners, UOB Venture Management, and existing investors Alpha JWC and LDV Partners
$28.8M
Weston, MA-based provider of autonomous logistics for supply chain and industrial hubs

The Scherzer Deal Report: March 20-24, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

$4.5B
Third growth-oriented private equity fund
 
$1.5B
Fifth senior debt fund
 
$25M
Debut VC fund
 
$2.4B1
1th growth equity fund
 
$25M
Debut fund
 
$750M
Sixth midmarket private equity fund
 
$4.2B
Seventh flagship fund

Private Equity Deals

Bron Tapes
Undisclosed
Denver, CO-based distributor and converter of pressure-sensitive tapes and adhesive
 
Cards Recycling
Undisclosed
Springdale, AR-based municipal, commercial, and industrial solid waste collector
 
ClassWallet
Undisclosed
Miami, FL-based digital wallet purchasing and reimbursement platform for public funds
 
Five Star
Undisclosed
Branson, MO-based developer and operator of large-format family entertainment centers
 
RBW Logistics
Undisclosed
Augusta, GA-based provider of warehousing, and fulfillment services
 
Vac2Go
Undisclosed
Louisville, KY-based provider of equipment to industrial, utility, and municipal customers
 
Zodega
Undisclosed
Houston, TX-based provider of landscaping and lawn care services

Venture Capital Deals

PSG
$65M
Chicago, IL-based B2B data integration and business data exchange
 
Ballistic Ventures, Ten Eleven Ventures
$16.6M
Silver Spring, MD-based workload identity and access management startup
 
SK Innovation, Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon Ventures, DCVC
$139M
Brooklyn, NY-based developer of ammonia-based fuels for trucks and ships
 
Iconiq Growth, Alkeon Capital Management, Insight Partners
$65M
Jersey City, NJ-based life sciences manufacturing platform
 
Coatue, Johnson & Johnson, Koch Disruptive Technologies, Walden Catalyst Ventures, TIME Ventures, Breyer Capital, The Factory
$90M
Santa Barbara, CA-based developer of AI tests to personalize therapy for cancer patients
 
Maveron, SteelSky Ventures, WVV Capital
$32M
Madison, WI-based youth, and family telemental health startup
 
Left Lane Capital, HOF Capital, General Catalyst, Tiger Global
$20M
Brooklyn, NY-based coffee shop chain
 
Pelion Venture Partners, Liberty Global Ventures, Crosslink Capital, One Way Ventures
$20.5M
Glendale, CA-based cloud identity security platform
 
Nat Friedman, Elad Gil, SV Angel, A Capital
$150M
Menlo Park, CA-based personalized AI chatbot developer
 
Madrona
$15M
San Francisco, CA-based provider of a drop-in authentication and user management solution for React
 
FoundersX Ventures, Alzheimer’s Drug Discovery Foundation, Starbloom Capital, IAG Capital, WS Investment Co.
$73M
Cambridge, MA-based biotech focused on CNS diseases
 
GV, Boldstart Ventures, Preface
$16M
Mountain View, CA-based fly-direct secure web gateway
 
Mubadala Capital, Polaris Partners, Vivo Capital, GV
$50M
San Mateo, CA-based antibody-based protein degradation platform
 
GordonMD Global Investments, Pfizer Ventures, Agent Capital, Eli Lilly, Memorial Sloan Kettering Cancer Center, Novartis, Pavilion Capital, ShangBay Capital, Boxer Capital, Casdin Capital, Eventide Asset Management, Invus Financial Advisors, Nextech Invest, Third Rock Ventures
$123M
Cambridge, MA-based biotech targeting transcription factors
 
General Atlantic, FirstMark Capital, AXA Venture Partners
$179M
Minneapolis, MN-based employer health benefits company
 
Sequoia Capital, Andreessen Horowitz, Amplify, Snowflake
$28M
San Francisco, CA-based data collaboration startup
 
LightShed Ventures, Henry Kravis, Matthew Ball, Mark Cuban, Maveron, Lightspeed, Sony Innovation Fund, RW3 Ventures, OV, Visible Ventures, Xavier Niel
$18M
San Francisco, CA-based technology startup that is creating the platform and foundational infrastructure for digital-physical interactions
 
Enhanced Healthcare Partners
$45M
Brooklyn, NY-based revenue cycle management company
 
BlackRock Alternatives, HarbourView Equity Partners, Goldman Sachs
$90M
Los Angeles, CA-based TV and film studio focused on stories told by and about people of color
 
Madrona, Norwest Venture Partners, Factory
$17.5M
Austin, TX-based startup for incorporating AI into data stacks
 
Animoca Brands, Dragonfly, SuperScrypt, CAA, Connect Ventures, Republic Crypto, Avalanche, Galaxy Interactive, Warner Music Interactive
$28M
West Hollywood, CA-based web3 chat super-app
 
Relevance Ventures
$16.8M
Austin, TX-based network of gymnastics gyms
 
QED Investors, Invus Opportunities, WndrCo, Tribe Capital, Dreamers VC
$66M
Los Angeles, CA-based earned-wage access company
 
Greenbacker Capital Management
$15M
San Francisco, CA-based vehicle fleet manager
 
Greenoaks
$500M
San Francisco, CA-based employee onboarding and workforce management company
 
Insight Partners, UCB Ventures, Eli Lilly, Ono Venture Investment, Digitalis Ventures, Dolby Family Ventures, Free Flow Ventures, PhiFund Ventures, Upfront Ventures, BOLD Capital Partners
$50M
South San Francisco, CA-based developer of RNA medicine solutions
 
Transformation Capital, Threshold Ventures
$24.7M
Claymont, DE-based developer of hospital patient engagement software
 
Felix Capital, Creandum, Earlybird, SquareOne
$20M
San Francisco, CA-based frontend e-commerce infrastructure startup
 
Jump Capital, NEA, Owl Ventures, AI Fund, Sozo Ventures
$23.5M
Palo Alto, CA-based enterprise upskilling platform

The Scherzer Deal Report: March 13-17, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

$20M
Debut fund

Private Equity Deals

Sun Capital Partners
Undisclosed
Las Vegas, NV-based provider of corporate services like bookkeeping and entity formation
 
Blackstone
$4.6B
Tysons, VA-based events and hospitality tech provider
 
Silver Lake, CPPIB
Undisclosed
Provo, UT-based maker of survey and customer experience software
 
Graham Partners
Undisclosed
Columbia, SC-based maker of single-use brain health and neurodiagnostic electrodes
 
Trinity Hunt Partners
Undisclosed
Puerto Rico-based digital marketing agency focused on life sciences
 
Ontario Teachers’ Pension Plan
$221.6M
Lakewood, CO-based base metals and industrial minerals royalty company
 
Apollo Global Management
$8.1B
Downers Grove, IL-based chemicals distributor

Venture Capital Deals

General Catalyst, Spark Capital, Addition, Greylock, Atlassian Ventures, Microsoft, NVIDIA, Workday Ventures, Caterina Fake, Frontiers Capital, PSP Growth, SV Angel, A.Capital
$350M
San Francisco, CA-based AI startup focused on executing software workflow
 
Creandum
$20M
Miami, FL-based automation and cost management startup
 
Battery Ventures
$46M
San Francisco, CA-based commercial auto insurance startup
 
Novartis Venture Fund, Sofinnova Partners, Pfizer Ventures, Mission BioCapital, Gimv, Pureos, Bristol Myers Squibb, Eli Lilly & Co., Ono Venture Investment, Mass General Brigham Ventures
$85M
Cambridge, MA-based biotech focused on fibrosis
 
ClearSky Security, Samsung Next, Blackstone, Atlantic Bridge, DNX
$45M
New York, NY-based cloud and SaaS incident response startup
 
Nava Ventures, UnityPoint Health Ventures, PrimeTime Ventures, SpringTide Ventures, ManchesterStory
$15M
Des Moines, IA-based provider of white-label telehealth support services

Valar Ventures
$37M
New York, NY-based provider of corporate credit cards to e-commerce businesses
 
JPMorgan
$22M
San Francisco, CA-based payments platform for metaverse projects
 
Breakthrough Energy Ventures, Chevron USA, United Airlines Ventures
$25M
La Jolla, CA-based developer of algae-based jet and diesel fuel

The Scherzer Deal Report: March 6-10, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

Kinderhook
Undisclosed
Grand Rapids, MI-based aftermarket auto parts distributor
 
Luminate Capital Partners
Undisclosed
San Clemente, CA-based provider of manufacturing plant floor audit software
 
Sole Source Capital
Undisclosed
El Segundo, Calif.-based distributor of fresh and frozen seafood
 
Kelso & Co.
Undisclosed
Englewood, NJ-based multi-family office
 
EagleTree Capital
Undisclosed
Chicago, IL-based business events management company
 
Capitol Meridian Partners, The Sterling Group
Undisclosed
Sugar Land, TX-based provider of aviation services
 
New Heritage Capital
Undisclosed
Shrewsbury, NJ-based provider of application-managed services, implementation, and consulting
 
Gauge Capital
Undisclosed
Oak Brook, IL-based provider of electronic health record software
 
Aetos Capital West
Undisclosed
Boise, ID-based water consultant firm
 
CVC Capital Partners
$150M
St. Petersburg, FL-based association to promote the profile of women’s tennis

Private Equity Deals

Dragonfly Capital, Blockchange Ventures, Moonshot Research, EV3, Afore Capital, FJ Labs, Castle Island Ventures, Chaos Ventures, KohFounders, J Ventures
$15M
New York, NY-based ISP
 
Madrona, WaFd Bank
$15M
Seattle, WA-based banking platform for community and regional banks
 
The Invus Group
$15.4M
Marina Del Rey, CA-based maker of gut-healthy brownies and other foods
 
NewSpring, HCAP Partners, Hamilton Lane
$33M
San Diego, CA-based virtual care platform for sleep
 
Kapor Centerand Motley Fool, Goldman Sachs, Citibank
$80M
Fresno, CA-based tech training company
 
VoLo Earth Ventures, Microsoft Climate Innovation Fund, Credit Suisse, Builders Vision, New York State Ventures, Unreasonable Collective, Kimbal and Christiana Musk, Gaingels, Van Jones, Kapor Capital, My Climate Journey, Tale Venture Partners, Russell Westbrook
$24M
New York, NY-based building decarbonization startup
 
Ankona Capital, FirstMark Capital, Access Venture Partners, Next Frontier Capital
$18.9M
Boulder, CO-based employee recognition and rewards platform
 
Third Rock Ventures, RTW Investments and Perceptive Advisors, Nextech, Janus Henderson Investors, Ally Bridge Group, Wellington Management, T. Rowe Price, Cormorant Asset Management, Piper Heartland, Samsara BioCapital, Red Tree Venture Capital, Emerson Collective
$200M
San Mateo, CA-based developer of CAR T-cell therapies for cancer
 
GV, Arch Venture Partners, DCVC Bio, Mubadala Capital, Sixth Street, Alexandria Venture Investments, Atlas Venture, Casdin Capital, Cormorant Asset Management, Janus Henderson Investors, Newpath Partners, Omega Funds, Osage University Partners, Sofinnova Partners, T. Rowe Price, Wellington Management
$135M
Cambridge, MA-based developer of single-dose epigenetic editing therapeutics
 
Zalando, Avery Dennison, Youngone, 8090 Industries, Circulate Capital, Vodia Capital, City Light Capital
$20M
Danville, VA-based textile recycler
 
SignalFire, Frist Cressey Ventures, Martin Ventures, Yale Medicine, University of Colorado Healthcare Innovation Fund, Mass General Brigham
$55M
Boston, MA-based healthcare revenue cycle services startup
 
Enbridge, Ara Partners
$100M
Concord, MA-based food waste management startup
 
Eclipse, Khosla Ventures, DCVC
$60M
Mountain View, CA-based developer of online grocery fulfillment robots
 
Perceptive Advisors
$100M
New York, NY-based provider of women’s fertility services
 
Arbor Ventures, Infinity Ventures, Underscore VC, Point 72 Ventures
$34M
Hermosa Beach, CA-based payment intelligence infrastructure startup
 
DNS Capital, Citi Ventures, USVP, Valor Equity Partners, S&P Global
$23M
Palo Alto, CA-based provider of financial crimes risk management software
 
M13, Dynamism Capital, R-Squared Ventures, Peterson Ventures, Sidekick Partners
$17M
Minneapolis, MN-based personalization platform for online retailers
 
CRV, Andreessen Horowitz, Amex Ventures, various angel investors
$73.5M
San Francisco, CA-based chef-to-consumer marketplace
 
Linse Capital, Hercules Capital, Axon, Andreessen Horowitz, Next47, IVP, DoCoMo, NVIDIA, the Walton Family Foundation, UP Partners
$230M
Redwood City, CA-based autonomous drone-maker
 
Amplify Partners, Index Ventures, Sequoia Capital, Madrona, Addition Ventures
$75M
Seattle, WA-based microservices orchestration platform
 
Lightspeed Venture Partners, GV, M12, Menlo Ventures
$65M
San Francisco, CA-based generative AI for enterprise content creation
 
Greenoaks, Lightspeed Venture Partners, Index Ventures
$300M
New York, NY-based cloud security platform
 
Neuberger Berman
$76M
New York, NY-based behavioral marketing platform for brands

Venture Capital Deals

Flagship Pioneering
$50M
Cambridge, MA-based developer of programmable medicines
 
FinTLV Ventures, Harel Insurance
$42.5M
Wellesley, MA-based longevity assurance platform
 
Energize Ventures, SE Ventures, Elemental Excelerator, VoLo Earth, Ulu Ventures
$25M
San Francisco, CA-based provider of sustainable financing software
 
Lightspeed Venture Partners, Andreessen Horowitz, Bitkraft Ventures, Riot Games, 1Up Ventures, Don Thompson’s Cleveland Avenue, Tornante Co.
$55M
New York, NY-based new gaming studio led by former Riot Games executives
 
Red Tree Venture Capital, RA Capital Management, Omega Funds, Bioqube Ventures, Acorn Bioventures, Janus Henderson Investors, F-Prime Capital, Eight Roads Ventures, Invus, Piper Heartland Healthcare Capital, Premji Invest
$108M
Cambridge, MA-based developer of dual-action biologics for treating cancer
 
Altos Ventures, Cercano Management
$20.5M
New York, NY-based student debt and savings optimization platform
 
Alpha Wave Global, Lerner Enterprises, Liquid 2 Ventures, Tamarack Global
$70M
Los Angeles, CA-based defense-tech startup
 
Mercuria Energy Group, Breakthrough Energy Ventures, Rio Tinto, Copec
$30M
Chicago, IL-based developer of heavy-duty engines that run on renewable fuel
 
Sumeru Equity Partners
$110M
American Fork, UT-based demo automation platform for enterprise software
 
Nanban Ventures
$50M
Frisco, TX-based developer of “wellness-centric” multifamily rental housing
 
Kindred Ventures, SK Networks, LG Technology Ventures, Microsoft, Volvo Cars Tech Fund, Tiger Global, Qualcomm Ventures, Sam Altman
$100M
San Francisco, CA-based device and cloud services platform for AI
 
BlackRock, Harbourview Equity Partners, Goldman Sachs Asset Management
$90M
Los Angeles, CA-based entertainment production and agency firm focused on underrepresented talent
 
FTV Capital, Citi Ventures
$43M
New York, NY-based provider of wealth management tech for ultra-high-net-worth families
 
Edison Partners, eGateway Capital, StepStone Group, TRM Ventures
$38M
Austin, TX-based physical supply chain management platform
 
TPG Rise Climate
$150M
Charleston, SC-based solar energy company
 
Signet Healthcare Partners
$24M
Cambridge, MA-based organ transplant startup
 
EQT Life Sciences, LSP Dementia Fund, Sanofi Ventures, Droia Ventures, ALS Investment Fund, LS Polaris Innovation Fund, Mission BioCapital, INKEF Capital, Dementia Discovery Fund, Amgen Ventures, MP Healthcare Venture Management, Mitsui Global Investment, Dolby Family Ventures, Mission Bay Capital, Sanford Biosciences
$88M
Cambridge, MA-based developer of precision medicines for neurodegenerative diseases like amyotrophic lateral sclerosis
 
Third Rock Ventures, ARCH Venture Partners, Johnson & Johnson Innovation
$100M
San Diego, CA-based developer of precision medicines for neurological disorders
 
Alexandria Venture Investments, Altitude Life Science Ventures, CJ Investment, Flagship Pioneering, Invus, Kyowa Kirin Co., T. Rowe Price, UPMC Enterprises
$86.5M
Cambridge, MA-based gene therapy startup
 
JMI Equity, Vertical Venture Partners, Blossom Street Ventures, Renew Group
$120M
San Diego, CA-based marketing platform for multi-location brands
 
NAventures, The Banc Funds, Veritex Community Bank, Midland States Bank, Emigrant Bank
$15M
Palo Alto, CA-based banking-as-a-service startup
 
Scale Venture Partners, Andreessen Horowitz, Harpoon Ventures, Matthew Prince, Glenn Solomon
$21M
New York, NY-based cloud infrastructure spend management startup

The Scherzer Deal Report: February 27-March 3, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

$880M
Fifth fund
 
$2.5B
Second fund
 
$500M
Debut health care VC fund
 
$1.9B
Latest flagship fund ($1.4B) and a new opportunities fund ($493M)
 
$75M
Second fund
 
$8B
Seventh private credit fund
 
$825M
Ninth flagship VC fund
 
$1.2B
First North American private equity fund
 
$410M
Second music royalty fund
 
$675M
Eighth fund
 
$66M
Third fund
 
$250M
Sixth VC fund
 
$215M
Debut fund

Private Equity Deals

Dragonfly Capital, Blockchange Ventures, Moonshot Research, EV3, Afore Capital, FJ Labs, Castle Island Ventures, Chaos Ventures, KohFounders, J Ventures
$15M
New York, NY-based ISP
 
Madrona, WaFd Bank
$15M
Seattle, WA-based banking platform for community and regional banks
 
The Invus Group
$15.4M
Marina Del Rey, CA-based maker of gut-healthy brownies and other foods
 
NewSpring, HCAP Partners, Hamilton Lane
$33M
San Diego, CA-based virtual care platform for sleep
 
Kapor Centerand Motley Fool, Goldman Sachs, Citibank
$80M
Fresno, CA-based tech training company
 
VoLo Earth Ventures, Microsoft Climate Innovation Fund, Credit Suisse, Builders Vision, New York State Ventures, Unreasonable Collective, Kimbal and Christiana Musk, Gaingels, Van Jones, Kapor Capital, My Climate Journey, Tale Venture Partners, Russell Westbrook
$24M
New York, NY-based building decarbonization startup
 
Ankona Capital, FirstMark Capital, Access Venture Partners, Next Frontier Capital
$18.9M
Boulder, CO-based employee recognition and rewards platform
 
Third Rock Ventures, RTW Investments and Perceptive Advisors, Nextech, Janus Henderson Investors, Ally Bridge Group, Wellington Management, T. Rowe Price, Cormorant Asset Management, Piper Heartland, Samsara BioCapital, Red Tree Venture Capital, Emerson Collective
$200M
San Mateo, CA-based developer of CAR T-cell therapies for cancer
 
GV, Arch Venture Partners, DCVC Bio, Mubadala Capital, Sixth Street, Alexandria Venture Investments, Atlas Venture, Casdin Capital, Cormorant Asset Management, Janus Henderson Investors, Newpath Partners, Omega Funds, Osage University Partners, Sofinnova Partners, T. Rowe Price, Wellington Management
$135M
Cambridge, MA-based developer of single-dose epigenetic editing therapeutics
 
Zalando, Avery Dennison, Youngone, 8090 Industries, Circulate Capital, Vodia Capital, City Light Capital
$20M
Danville, VA-based textile recycler
 
SignalFire, Frist Cressey Ventures, Martin Ventures, Yale Medicine, University of Colorado Healthcare Innovation Fund, Mass General Brigham
$55M
Boston, MA-based healthcare revenue cycle services startup
 
Enbridge, Ara Partners
$100M
Concord, MA-based food waste management startup
 
Eclipse, Khosla Ventures, DCVC
$60M
Mountain View, CA-based developer of online grocery fulfillment robots
 
Perceptive Advisors
$100M
New York, NY-based provider of women’s fertility services
 
Arbor Ventures, Infinity Ventures, Underscore VC, Point 72 Ventures
$34M
Hermosa Beach, CA-based payment intelligence infrastructure startup
 
DNS Capital, Citi Ventures, USVP, Valor Equity Partners, S&P Global
$23M
Palo Alto, CA-based provider of financial crimes risk management software
 
M13, Dynamism Capital, R-Squared Ventures, Peterson Ventures, Sidekick Partners
$17M
Minneapolis, MN-based personalization platform for online retailers
 
CRV, Andreessen Horowitz, Amex Ventures, various angel investors
$73.5M
San Francisco, CA-based chef-to-consumer marketplace
 
Linse Capital, Hercules Capital, Axon, Andreessen Horowitz, Next47, IVP, DoCoMo, NVIDIA, the Walton Family Foundation, UP Partners
$230M
Redwood City, CA-based autonomous drone-maker
 
Amplify Partners, Index Ventures, Sequoia Capital, Madrona, Addition Ventures
$75M
Seattle, WA-based microservices orchestration platform
 
Lightspeed Venture Partners, GV, M12, Menlo Ventures
$65M
San Francisco, CA-based generative AI for enterprise content creation
 
Greenoaks, Lightspeed Venture Partners, Index Ventures
$300M
New York, NY-based cloud security platform
 
Neuberger Berman
$76M
New York, NY-based behavioral marketing platform for brands

Venture Capital Deals

General Catalyst, Mastry Ventures
Undisclosed
Laguna Hills, CA-based talent agency that represents athletes
 
Thoma Bravo
Undisclosed
San Mateo, CA-based provider of business spend management software
 
Clayton Dubilier & Rice
Undisclosed
New York, NY-based aggregator of wealth management firm
 
Kanbrick
Undisclosed
Baton Rouge, LA-based provider of electrical safety and test equipment
 
Genstar Capital
Undisclosed
Southlake, TX-based tech protection and support company
 
Trinity Hunt Partners Marks
Undisclosed
Overland Park, KS-based accounting, tax, and advisory firm
 
Integrum
Undisclosed
Concord, MA-based insurance company manager
 
Turnspire Capital Partners
Undisclosed
Perry, GA-based provider of water asset management services for small and medium public water utilities

The Scherzer Deal Report: February 20-24, 2023

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.

Manage your Scherzer International subscription(s).

Fundraising for PE & VC Funds

Nothing to report this week

Private Equity Deals

Providence Equity Partners
Undisclosed
US provider of STEM curriculum for the K-12 education market
 
Fiera Infrastructure and Palisade Infrastructure Group
Undisclosed
US-based renewable energy generation and battery storage business
 
Beach Point Capital Management
Undisclosed
Santa Monica, CA-based sustainable retail thrift store chain
 
Siguler Guff, Halliburton
Undisclosed
Houston, TX-based emissions management software-as-a-service company
 
Levine Leichtman Capital Partners
Undisclosed
Petoskey, MI-based franchisor, retailer, manufacturer, and distributor of premium quality chocolate, ice cream, and confectionery products
 
Sixth Street and Wildcat Capital Management
Undisclosed
Papillon, NE-based laser hair removal company
 
Thompson Street Capital Partners
Undisclosed
Waltham, MA-based cloud-first, unified clinical software provider
 
5th Century Partners
Undisclosed
Langhorne, a PA-based provider of physician directories and data management tools

Venture Capital Deals

AXA IM Alts
$25M
Newton, MA-based medical device startup focused on pelvic health
 
Galaxy, PayPal Ventures, Coinbase, Uniswap, Lightspeed, Bessemer, Hashkey, Balaji Srinivasan, Naval Ravikant
$20M
New York, NY-based crypto security startup
 
United Ventures, Stellantis Ventures, LIFTT, Club degli Investitori, BlackBerry Limited
$21M
Boston, MA-based battery management software company
 
General Catalyst, Menlo Ventures, QED Investors, Altman Capital, PruVen
$40M
San Francisco, CA-based HR API company
 
Lockheed Martin Ventures, Hanwha Aerospace, AIM13|Crumpton Venture Partners, DCVC, Signia Venture Partners
$17.8M
Pleasant Grove, UT-based airspace awareness and defense company
 
Andreessen Horowitz, Y Combinator, Sequoia Capital
$17.8M
Berkeley, CA-based AI app development startup
 
Goldman Sachs
$24M
Dallas, TX-based logistics software company
 
McCarthy Capital
$208M
Lincoln, NE-based e-commerce analytics and logistics company
 
Lightspeed Venture Partners, Coatue, Greylock Partners, Audacious Ventures, Wing Venture Capital, 8VC, Eric Schmidt, Emad Mostaque, David Luan, Bipul Sinha
$43M
San Francisco, CA-based storytelling software startup
 
Amex Ventures, Northwestern Mutual Future Ventures, SEI Ventures, USAA
$15M
San Diego, CA-based digital estate planning company
 
Next47, HubSpot Ventures, NewView Capital, Andreessen Horowitz
$30M
New York, NY-based customer success software company
 
Enhanced Healthcare Partners, Monroe Capital, North Coast Ventures
$100M
Hoboken, NJ-based value-based senior care enabler
 
Founders Fund
$15M
New York, NY-based 3D printing shoe company
 
Cleveland Avenue, Remus Capital
$15M
San Francisco, CA-based office catering company

The Scherzer Deal Report: February 13-17, 2023

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.

Fundraising for PE & VC Funds

$2.4B
Second growth tech opportunities fund
 
$502M
Debut fund
 
$100M
Opportunity fund focused on real estate tech
 
$1.1B
D. E. Shaw Voltaic Fund and D. E. Shaw Diopter Fund
 
$250M
Debut fund
 
$1.3B
Third private equity secondary fund
 
$300M
Debut fund

Private Equity Deals

Eureka Equity Partners
Undisclosed
New York, NY-based provider of market intelligence to the media, advertising, and ad tech industries
 
The Riverside Company
Undisclosed
Kerrville, TX-based provider of software for the career and tech education market
 
CORE Industrial Partners
Undisclosed
Waterbury, CT-based provider of precision deep-drawn metal components and mechanical assemblies
 
Francisco Partners
Undisclosed
New York, NY-based provider of payroll and accounting software
 
3 Rivers Capital
Undisclosed
Lenexa, KS-based designer and manufacturer of components for automated material handling and packaging
 
Carlyle, HGGC, Owl Rock, Crescent Capital
$500M
Lehi, UT-based insurance brokerage
 
Antin Infrastructure Partners
Undisclosed
Charlottesville, VA-based provider of smart grid infrastructure systems
 
Berkshire Partners
Undisclosed
Opelika, an AL-based broadband services provider focused on the rural market
 
Yellow Wood Partners
Undisclosed
Englewood Cliffs, NJ-based beauty and personal care brand
 
Igneo Infrastructure Partners
Undisclosed
Grand Rapids, MI-based data center and network solutions provider
 
Beach Point Capital
Undisclosed
Monroe, WA-based maker of pet food and treats

Venture Capital Deals

ARCH Venture Partners, GV, Lux Capital
$193M
Boston, MA-based genetic medicines startup
 
Closed Loop Partners, Piper Sandler Merchant Banking, MissionOG, Harbert Growth, Grotech Ventures, Lavrock Ventures, Point Field Partners
$37.5M
Baltimore, MD-based provider of supply chain automation for connected devices
 
Gates Frontier, Dementia Discovery Fund, Foresite Capital, Google Ventures, Lightstone Ventures, Takeda Ventures, UPMC Enterprises, Dolby Family Ventures
$51M
Boston, MA-based biotech company focused on developing new therapeutics for central nervous system diseases
 
Blue Bear Capital, Aligned Climate Capital, Exelon, Energy Impact Partners, non sibi ventures
$17.5M
Los Angeles, CA-based provider of maintenance and workforce development solutions for EV charging
 
Lightspeed Venture Partners, GGV Capital, Unusual Ventures, Dell Technologies Capital, Cerca Partners, Tech Aviv, J Ventures, Silicon Valley CISO Investments
$53M
Los Altos, CA-based authentication platform
 
Bain Capital Life Sciences, Access Biotechnology, Orbi
$62.5M
Watertown, MA-based publicly-traded biopharmaceutical company
 
General Catalyst, Section 32, Polaris Partners, Zetta Ventures, Northpond Ventures
$20M
San Diego, CA-based clinical trials infrastructure startup
 
Overstock.com, Pelion Venture Partners, BYU Cougar Capital
$29M
McAllen, TX-based agricultural data startup
 
Owl Rock, Ribbit Capital, Redpoint Ventures, Felicis Ventures, Fifth Wall, Pappy Capital
$133M
San Francisco, CA-based private fund management software company
 
Volta Energy Technologies, CC Industries, Emerald Technology Ventures, Material Impact, Arosa Capital, Nabtesco Technology Ventures TechNexus, Hyde Park Angels, Evergreen Climate Innovations, Goose Capital
$65M
Chicago, IL-based battery materials company
 
General Catalyst
$15M
San Francisco, CA-based accounting and financial data platform
 
BMO Financial Group, Qualcomm Ventures, Upfront Ventures, DBL Partners, World Innovation Lab, Mayo Clinic, Bedrock Capital, SOSV, John Doerr
$105M
San Francisco, CA-based maker of UV disinfecting machines for buildings
 
Edison Partners, Tribeca Venture Partners, Bull City Venture Partners, IDEA Fund Partners, Trog Hawley Capital, Attinger, Private Access Network
$30M
Durham, NC-based mobile car-care company
 
Alexa Fund, Craft Ventures, GV, Galaxy Digital, Kering, Sony Japan, Scribble Ventures, Kakao, Animoca Brands, Day One Ventures, Betaworks
$20M
Burlington, VT-based character design studio
 
3North, Exor N.V., Pitango, Janus Henderson, CF Private Equity, Planven Entrepreneur Ventures, Riverpark Ventures, ION Crossover Partners
$110M
New York, NY-based transit management software company

The Scherzer Deal Report: February 6-10, 2023

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.

Fundraising for PE & VC Funds

$300M
Debut fund
 
$3.48B
Sixth fund
 
$127M
Seventh fund
 
$1B
Third fund
 
$250M
Eighth flagship fund
 
$600M
Third content and media rights fund
 
$5.2B
Debut growth equity fund

Private Equity Deals

Incline Equity Partners
Undisclosed
Austin, TX-based provider of environmentally conscious pest control services
 
Oaktree Capital Management
Undisclosed
Kennesaw, GA-based engineering and environmental services firm
 
Amulet Capital Partners
Undisclosed
Bradenton, FL-based health care digital marketing firm
 
Francisco Partners
Undisclosed
New York, NY-based provider of payroll and accounting software
 
Mountaingate Capital
Undisclosed
La Jolla, CA-based digital marketing agency
 
Welsh, Carson, Anderson & Stowe
Undisclosed
Lakeville, MN-based provider of data management software to the health care and emergency response markets
 
Stone Point Capital
Undisclosed
Dallas, TX-based commercial real estate firm
 
Bessemer Venture Partners
Undisclosed
Brooklyn, NY-based legal operating platform
 
Auxo Investment Partners
Undisclosed
Fremont, CA, and Grand Rapids, MI-based manufacturers of custom wire harnesses, cable assemblies, and box builds
 
Craftsman Capital
Undisclosed
Cedar Park, TX-based provider of K-12 special education software
 
MetLife Investment Management
Undisclosed
New York, NY-based alternative investment firm
 
Thompson Street Capital Partners
Undisclosed
Chesterfield, MO-based provider of regulatory review and biosafety consulting services to pharma firms
 
Knox Lane
Undisclosed
Washington, DC-based marketing and communications firm for the pharma, biotech, and life sciences markets
 
Blue Wolf Capital Partners
Undisclosed
Phoenix, AZ-based provider of temporary ground protection and site access services
 
Lone Star Funds
Undisclosed
Portland, OR-based industrial ship repair and fabrication firm
 
Seidler Equity Partners
Undisclosed
Bedford, TX-based youth enrichment franchise platform company 

Venture Capital Deals

March Capital, Insight Partners, Industry Ventures, Sanabil Investments
$50M
San Jose, CA-based data observability platform
 
Prosperity7, Clear Ventures, General Catalyst, Liberty Global, Lightspeed, SVB
$50M
San Jose, CA-based provider of network routing software
 
Sageview Capital, Valor Equity Partners, S3 Ventures
$65M
Austin, TX-based streaming TV service for businesses
 
Greycroft, BDMI, UTA.VC, Afterpay, UC Berkeley’s The House Fund
$16M
New York, NY-based marketing outsourcing platform
 
F-Prime Capital
$25M
New York, NY-backed office automation startup for alt asset managers
 
Forte Ventures, Visa, Bridgestone, Navistar, Circle K, State Farm Ventures, TELUS Ventures, Avanta Ventures
$15M
San Francisco, CA-based vehicle payments startup
 
Marubeni
$50M
Charlotte, NC-based lithium-ion battery recycling startup
 
HealthQuest Capital, Health Catalyst Capital, UPMC Enterprises
$50M
Jacksonville, FL-based health data analytics company
 
NEA, Addition, Hetz Ventures
$16.5M
New York, NY-based provider of package manager software
 
Princeville Capital, Citi Ventures, Battery Ventures, Mayfield Fund, Sapphire Ventures
$51M
San Francisco, CA-based time series platform
 
NCSOFT, Corning, Gates Frontier, LG Tech Ventures, NCSOFT, OTOY, Khosla Ventures, Samsung, Verizon, Bosch, Forvia, Liberty Global, Taiwania Capital
$50M
San Jose, CA-based developer of a holographic display platform
 
ArcTern Ventures, Northvolt, Ecosystem Integrity Fund, Chrysalix VC, Good Growth Capital, UTECP, Volta Energy Technologies, Impact Science Ventures, Helios Climate Ventures
$17.5M
Emeryville, CA-based battery manufacturing intelligence startup
 
CapitalG, Elad Gil, Nat Friedman, Amplify Partners
$23M
Kissimmee, FL-based rival to GitHub’s Copilot
 
Andreessen Horowitz, Virgin Group, Primary Ventures, Difference Partners, Operator Partners, Night Ventures
$15M
New York, NY-based provider of remote learning and attention disability services
 
Material Impact, Kairos Ventures, CS Ventures
$15M
Chicago, IL-based materials discovery, testing, and analytics startup
 
Benchmark
$16.5M
San Jose, CA-based open-source applied ML platform
 
Cigna Ventures, 7wireVentures, Kaiser Permanente Ventures, F-Prime Capital, Eight Roads Capital, Health Enterprise Partners, Longitude Capital
$34M
Chicago, IL-based telehealth startup focused on obsessive-compulsive disorder
 
Panoramic Ventures, Georgia Tech Innovation Fund
$200M
McLean, VA-based health care staffing platform
 
Zero Infinity Partners, Deciens Capital, CityRock Venture Partners, Homecoming Capital, Ananta Capital, Kindergarten Ventures, Collaborative Fund, Govtech Fund
$19M
San Francisco, CA-based maker of smart refrigerator monitors
 
Third Point Ventures, Iron Pillar, 8VC, Aflac Ventures, Pentland Ventures
$50M
Santa Clara, CA-based customer interaction platform
 
Penske Media
$100M
Washington, DC-based digital media company
 
Valor Equity Partners, USV, Upfront Ventures, Euclidean Capital, Energy Transition Ventures, Hearst Ventures
$55M
Los Angeles, CA-based aerial data analytics company

The Scherzer Deal Report: January 30-February 3, 2023

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.

Fundraising for PE & VC Funds

$76M
Debut fund
 
$300M
Third fund
 
$2.1B
Third buyout fund ($1.7B) and first non-control fund ($400M)
 
$450M
Fourth venture growth fund
 
$3.9B
Debut fund
 
$15.4B
11th flagship private equity fund

Private Equity Deals

Mars Equity Partners
Undisclosed
Loomis, CA-based solar and storage services provider
 
Littlejohn & Co.
Undisclosed
Tampa, FL-based provider of engineering and design services to the water, transportation, and aviation markets
 
GI Partners
Undisclosed
Austin, TX-based provider of infrastructure and environmental solutions
 
Highlander Partners
Undisclosed
Boise, ID-based developer of counter-unmanned aircraft systems
 
PPC Enterprises
Undisclosed
Grand Rapids, MI-based platform for K-12 substitute teacher management services
 
KKR
Undisclosed
Virginia Beach, VA-based foundation repair and water management services company
 
TRM Equity
Undisclosed
Russellville, AL-based maker of indoor and outdoor fireplaces, free-standing stoves, and related products
 
EIV Capital
Undisclosed
Tulsa, OK-based company that acquires and develops midstream energy infrastructure.
 
TPG Growth Med
Undisclosed
Alpharetta, GA-based chain of outpatient diagnostic imaging facilities
 
Edgewater Capital Partners
Undisclosed
Lakewood, OH-based provider of natural graphite products
 
Rockwood Equity Partners
Undisclosed
Longmont, CO-based provider of underground damage prevention solutions to markets like utilities and telecom
 
Trivest Partners
Undisclosed
Newport Beach, CA-based craft juice maker
 
GI Partners
Undisclosed
Englewood, CO-based provider of broadband services in 16 states
 
Eads Bridge Holdings
Undisclosed
Naugatuck, CT-based mental health counseling business 

 

Venture Capital Deals

Alpha Wave Ventures
$25M
Los Altos, CA-based developer of psychiatry drugs
 
Matrix Partners
$15.3M
San Francisco, CA-based asthma monitoring startup
 
Insight Partners, Boldstart Ventures, Tribe Capital, Chalfen Ventures
$25M
Newark, NJ-based open-source testing startup
 
Newlight Partners
$15M
New York, NY-based creative marketing agency for companies in highly regulated industries
 
BAM Elevate, Greycroft, Uncork Capital, High Alpha, ServiceNow Ventures
$32M
San Francisco, CA-based enterprise data platform focused on supply chains
 
Eight Roads Ventures, Nufarm, Endeavor8, Akroyd
$80M
Mystic, CT-based crop health startup
 
Sustainable Future Ventures, Ajax Ventures
$18M
San Francisco, CA-based HVAC maker
 
2150, Khosla Ventures, Breakthrough Energy Ventures, Prelude Ventures
$33M
Ypsilanti, MI-based developer of insulated windows
 
Commerce Ventures, Andreessen Horowitz, Bain Capital Ventures, Visa, Sorenson Ventures
$45M
Cedar Falls, IA-based used semiconductor equipment marketplace
 
ServiceNow, Cisco Investments, Battery Ventures, CRV
$15.8M
Waltham, MA-based service-level observability startup
 
Addition, Greylock
$25M
Menlo Park, CA-based managed data lakehouse company
 
Fifth Wall, Franklin Templeton, Temasek, Riverstone Holdings, Coatue, AI Capital Partners, Sente Ventures, Breakthrough Energy Ventures, Assembly Ventures, BMW i Ventures, Volta Energy Technologies
$300M
Novi, MI-based battery developer
 
Arch Venture Partners, General Catalyst, F-Prime Capital, Lux Capital, GV, Magnetic Ventures, Mubadala Capital, the American Cancer Society
$203M
New York, NY-based clinical trial tech platform
 
Insight Partners, I2BF Global Ventures
$50M
San Francisco, CA-based provider of SaaS for business aviation
 
Lightspeed Venture Partners, Bowery Capital, Sozo Ventures, Pebblebed
$15M
San Francisco, CA-based data discovery, lineage, and management tool startup
 
Greenbacker Capital Management, Earthshot Ventures, Grotech Ventures, Cross River Digital Ventures, Forbright Bank
$20M
Baltimore, MD-based solar financing startup for businesses
 
BAM Elevate, Banc Funds, Invicta, Deciens, QED, SaaStr
$40M
San Francisco, CA-based embedded banking software startup
 
NFX, Elephant, Shopify
$25M
Columbus, OH-based e-commerce management platform platform
 

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