The Scherzer Deal Report: April 21-25, 2025

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

CIV
$200M
Debut fund

Fluent Ventures
$40M
Debut fund

LLR Partners
$2.45B
Seventh flagship midmarket PE fund

RockawayX
$125M
Early-stage crypto VC fund

Venture Guides
$262.5M
Second fund

Private Equity Deals

Littlejohn Capital
3P Processing
Undisclosed amount
Wichita, KS-based provider of metal processing and finishing solutions to aerospace

Argand Partners
Ballet Makers
Undisclosed amount
Totowa, NJ-based dance apparel brand

Truelink Capital
Channel Factory
Undisclosed amount
Beverly Hills, CA-based adtech company

TPG and Temasek
Cliffwater
Undisclosed amount
Marina del Rey, CA-based alternative investment adviser and fund manager

Ares
Epika Fleet Services
Undisclosed amount
Nashville, TN-based provider of preventative maintenance and repair services for commercial trucking fleets.

Coral Tree Partners
Innovative Artists
Undisclosed amount
Santa Monica, CA-based talent agency

MPE Partners
Intermatic
Undisclosed amount
Spring Grove, IL-based maker of electrical and mechanical controls

Lightyear Capital
King Risk Partners
Undisclosed amount
Gainesville, FL-based retail brokerage

Kanbrick
LTI
Undisclosed amount
Hatfield, PA-based provider of materials testing and calibration services

Waud Capital Partners
MedTec
Undisclosed amount
Buffalo Grove, IL-based provider of in-home care and adult day services

Serent Capital
PlotBox
Undisclosed amount
Boston, MA-based provider of cemetery, crematory, and funeral home management software

Creator Partners and Servco
Reverb
Undisclosed amount
Chicago, IL-based online marketplace for musical instruments and equipment

AEA Investors
Splash Car Wash
Undisclosed amount
Milford, CT-based 65 car wash locations in the Northeast

TZP Group and GCP Capital Partners
Superscapes
Undisclosed amount
Carrollton, TX-based lawn care company

Venture Capital Deals

Derayah Financial, 850 Management, National Investments Company Kuwait, Unbound, and Portage Ventures
Alpaca
$52M
San Mateo, CA-based developer of a stock-trading

APIGIC, Salesforce Ventures, Geodesic Capital, Baillie Gifford, Carson Family Office, and Iconiq Growth
Altruist
$152M
Culver City, CA-based provider of custodian software for RIAs

Cheyenne Ventures, Ballistic Ventures, IBM, Black Opal Ventures, K2 Access Fund, Jefferies Family Office, Silver Buckshot Ventures, and Blu Venture Investors
AuthMind
$19.3M
Bethesda, MD-based identity protection startup

Alpha Wave Ventures, RiverVest Venture Partners, AXA IM Alts, LifeSci Venture Partners, M Ventures, Hikma Ventures, Aphelion Capital, and Taisho Pharma
Biolinq
$100M
San Diego, CA-based developer of wearable glucose monitoring devices for Type 2 diabetes

Kleiner Perkins, IVP, Salesforce Ventures, Datadog Ventures, Sequoia Capital, Spark Capital, Amplify, Redpoint Ventures, Lightspeed, and Mantis VC
Chainguard
$356M
Kirkland, WA-based open source security startup

M Ventures, Rhapsody Venture Partners, Intel Capital, Pangaea Ventures, Foothill Ventures, In-Q-Tel, and TEL VC
ChEmpower
$18.7M
Beaverton, OR-based semiconductor materials startup

Felicis and Georges Harik
Deep Infra
$18M
Palo Alto, CA-based provider of AI model inference services

Capricorn Investment Group and Temasek
Electra
$186M
Boulder, CO-based green iron startup

DFJ Growth, Salesforce Ventures, Lightspeed Venture Partners, Coatue, Dell Technologies Capital, Section 32, and Citi Ventures
Endor Labs
$93M
Palo Alto, CA-based software supply chain security company

Felicis, a16z, 8090 Industries, Starwood Capital, Thrive Capital, and MCJ Collective
Exowatt
$35M
Miami, FL-based solar storage startup

Thrive Capital, Insight Partners, Forerunner Ventures, and Heartcore Capital
Fora
$40M
New York, NY-based travel agent startup

DCVC Bio, Eli Lilly, nVivium Capital, Walder Ventures, Gradiant Corporation, and Mansueto Investments
Grove Biopharma
$30M
Chicago, IL-based biologics company

Key1 Capital, Fin Capital, Glilot Capital Partners, and Group11
Healthee
$50M
New York, NY-based health benefits navigation startup

Natural Ventures and Burnt Island Ventures
Irrigreen
$19M
Edina, MN-based developer of ultra-precise lawn sprinklers

Sequoia Capital
Listen Labs
$27M
San Francisco, CA-based autonomous user interview tool

Summit Partners
Manychat
$140M
New York, NY-based provider of customer and e-commerce service automation for brandsa

16z and Alpine Space Ventures
Northwood Space
$30M
El Segundo, CA-based developer of shared infrastructure for satellite backhaul

JPMorgan Private Capital, Thrive Capital, Index Ventures, YC, Maverick Ventures, BoxGroup, Atomico, G Squared, and Pinegrove
Nourish
$70M
New York, NY-based provider of nutrition counseling

Allstate Strategic Ventures, Blue Bear Capital, Solidigm, Massive, Zelkova, and Northwestern Mutual
Ocient
$42.1M
Chicago, IL-based provider of data analytics software

B Capital, Marunouchi Innovation Partners, BNP Paribas, Citi Impact Fund, Alumni Ventures, Activate Capital, Liberty Mutual Investments, National Grid Partners, and Wind Ventures
Omnidian
$87M
Seattle, WA-based solar energy monitoring and maintenance startup

Overwater Ventures and GV
Overture Life
$20.6M
New York, NY-based IVF automation startup

Redpoint Ventures and Datadog Ventures
Push Security
$30M
Boston, MA-based identity threat detection startup

Redseed, Insight Partners, Zeev Ventures, Boldstart, and Angular Ventures
Reco
$25M

Miami, FL-based SaaS security startup

Benchmark, First Round Capital, YC, and BoxGroup
Reducto
$24.5M
San Francisco, CA-based startup that helps LLMs read documents

Altos Ventures, SemperVirens, Greycroft, Definition, and Better Tomorrow Ventures
Salsa
$20M
New York, NY-based provider of embedded payroll infrastructure to SaaS

Key1 Capital, Bessemer Venture Partners, Zeev Ventures, Standard Investments, and Munich Re Ventures
Sentra
$50M
New York, NY-based data security platform

SYN Ventures and Peak XV Partners
SquareX
$20M
Palo Alto, CA-based browser detection and response startup

Two Sigma Ventures, Clocktower Technology Ventures, Belfer Investment Partners, Belfer Investment Partners, Nine Four Ventures, and Matrix Partners
Steadily
$30M
Austin, TX-based provider of landlord insurance

Forerunner, Day One Ventures, Susa Ventures, Long Journey Ventures, Family Fund, Opal Ventures, Valia Ventures, Visible Ventures, Vanessa Hudgens, Steve Aoki, and Giannis Antetokounmpo
Superpower
$30M
Los Angeles, CA-based health early detection app

Pantera Capital and Coinbase Ventures
Symbiotic
$29M
Wilmington, MA-based universal staking infrastructure startup

Playground Global and Godfrey Capital
Synthetic Design Lab
$20M
Burlingame, CA-based developer of antibody-drug conjugates

Hack VC, Anthos Capital, Manifold Trading, Mirana Ventures, and Metalayer Ventures
Theo
$20M
New York, NY-based trading infrastructure startup

|Scherzer Deal Report|

The Scherzer Deal Report: April 14-18, 2025

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

11 Tribes Ventures
Chicago, IL
$46M
Second fund

Crayhill Capital Management
$1.31B
Third flagship fund

Founders Fund
$4.3B
Third growth equity fund

Galaxy Ventures
$150M
Debut fund

Linden Capital Partners
$5.4B
Sixth, healthcare-focused buyout fund

Manulife Investment Management
$660M
Third PE fund

Morgan Stanley Investment Management
$2.3B
Third PE co-investment fund

Sprig Equity
$50M
Debut growth equity fund

Private Equity Deals

Stonepeak
Air Transport Services Group
Undisclosed amount
Wilmington, OH-based aircraft leasor and cargo transport company

TPG
Altus Power
$2.2B
Stamford, CT-based owner of commercial-scale solar in the US

Revelstoke Capital Partners
AOM Infusion
Undisclosed amount
Fort Worth, TX-based infusion provider focused on chronic therapy management

Bertram Capital
Applied Products
Undisclosed amount
Minnetonka, MN-based maker of adhesive solutions

Ember Infrastructure
Caban
Undisclosed amount
Plano, TX-based on-site power provider

Rotunda Capital Partners
Capital Machine Technologies
Undisclosed amount
Tampa, FL-based provider of provider of metal fabrication machinery

BayPine
CenExel
Undisclosed amount
Salt Lake City, UT-based clinical trials firm

Stonepeak
Dupré Logistics
Undisclosed amount
Lafayette, LA-based transportation and logistics company

Northleaf Capital Partners and Ares Management
GoldState Music
Undisclosed amount
New York, NY-based music rights investment platform

ArcLight Capital Partners
Kleen Power
Undisclosed amount
Middletown, CT-based natural gas-fired power plant for the New England market

Mill Point Capital
Koozie Group
Undisclosed amount
Clearwater, FL-based promotion products manufacturer

Ampersand Capital Partners
Lexington Medical
Undisclosed amount
Bedford, MA-based developer of minimally-invasive surgical stapling solutions

Patient Square Capital
Patterson Cos.
Undisclosed amount
St. Paul, MN-based dental and animal health products distributor

New Mountain Capital, Transformation Capital, Flare Capital Partners, Floodgate, Bessemer Venture Partners, and Refract Ventures
SmarterDx
Undisclosed amount
New York, NY-based revenue cycle management company

TZP Group
Superscapes
Undisclosed amount
Carrollton, TX-based commercial landscaper

Venture Capital Deals

First Round Capital, Chemistry, and Quiet Capital
Assort Health
$22M
San Francisco, CA-based provider of voice AI agents for health care

Deep Track Capital, Vida Ventures, Sanofi Ventures, and Mirae Asset Capital Life Science
Attovia Therapeutics
$90M
San Carlos, CA-based biotech focused on autoimmune diseases

StepStone Group, Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, Mayfield, MARA Holdings, and GSBackers
Auradine
$153M
Santa Clara, CA-based blockchain and AI infrastructure company

Stripes, XYZ Venture Capital, Susa Ventures, Addition, Narya Capital, and Maverick Ventures
Chapter
$75M
New York, NY-based Medicare navigation company

Lux Capital, Altman Capital, Haystack Ventures, Sunflower Capital, Humba Ventures, Also Capital, Forward Deployed VC, and Abstract Ventures
ConductorAI
$15M
Biddeford, ME-based provider of government approvals software

Lowercarbon Capital, Liberty Mutual Strategic Ventures, MassMutual Ventures, OMERS Ventures, Acrew Capital, Giant Ventures, a16z, Ardent Venture Partners, CIV, New System Ventures, and The Three Cairns Group
Crux Climate
$50M
New York, NY-based provider of financing software for clean energy companies

Theory Ventures
Doss
$18M
San Francisco, CA-based ERP and data platform

Khosla Ventures, Mayfield, and Thomvest Ventures
Exaforce
$75M
San Jose, CA-based agentic security ops startup

Airbus Ventures
Fourier
$18.5M
Menlo Park, CA-based hydrogen producer

CTI Life Sciences Fund, abrdn, Advent Life Sciences, Novo Holdings, Sanofi Ventures, Abingworth, RiverVest Venture Partners, Sanderling Ventures, Chiesi Ventures, Remiges Ventures, and Asahi Kasei Ventures
Glycomine
$115M
San Carlos, CA-based biotech focused on orphan diseases

Menlo Ventures, Lightspeed, B Capital, and Anthrolpic
Goodfire
$50M
San Francisco, CA-based AI interpretability research company

Altimeter Capital and ARK Invest
Hammerspace
$100M
San Mateo, CA-based data platform for AIHealth

Quest Capital, Bon Secours Mercy Health, UCHealth, OSF Ventures, and LRVHealth
Hellocare
$47M
Clearwater, FL-based virtual care platform

Comvest Partners, Barings, and RedBird Capital Partners
iCreditWorks
$60M
Iselin, NJ-based point-of-sale lending startup

Sixth Street Growth, Bank of America, Morgan Stanley, UBS, and TD Bank Group
Luma
$63M
Cincinnati, OH-based provider of structured products and insurance solutions

General Catalyst, Amazon’s Climate Pledge Fund, and Temasek
Mainspring Energy
$258M
Menlo Park, CA-based maker of linear generators

Thrive Capital
Revel Systems
$23M
San Francisco, CA-based software platform for hardware development

Align Ventures and Booz Allen Ventures
Scout AI
$15M
Sunnyvale, CA-based AI maker for defense applications

PeakSpan Capital
Tapcheck
$25M
Los Angeles, CA-based earned wage access company

Walden Catalyst Ventures and Lightspeed Venture Partner
Virtue AI
$30M
San Francisco, CA-based AI security platform

|Scherzer Deal Report|

The Scherzer Deal Report: April 7-11, 2025

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

AlpInvest
$3.2B
Second portfolio finance fund

Andros Capital Partners
$1B
Third fund

Excelsior Energy Capital
$1B+
Second energy transition fund

FM Capital
$240M
Fourth fund

JPMorgan Asset Management
$1.5B
Second forest and climate solutions fund

KSL Capital Partners
$1.44B
Second tactical opportunities fund

Lerer Hippeau
$200M
Ninth flagship VC fund

Pantheon
$5.2B
Third private credit secondaries fund

RCP Advisors
$994M
Fifth co-investing fund

SignalFire
$1B+
Latest fund

Private Equity Deals

Altus Capital Partners and Centerfield Capital Partners
ALM Positioners
Undisclosed amount
Rock Island, IL-based provider of automated positioning equipment for manufacturers

Seaside Equity Partners
Capstone
Undisclosed amount
New York, NY-based provider of tax, accounting, and advisory services to small and mid-size clients in the Pacific Northwest

LongueVue Capital
Daedalus Industrial
Undisclosed amount
Bradenton, FL-based maker of management and control systems for data centers and industrials

Middle West Partners
David Webb
Undisclosed amount
New York, NY-based jeweler

Paceline Equity Partners
Kassel Mechanical
Undisclosed amount
Columbus, OH-based installer of MEPF systems

DFW Capital Partners
Kept Companies
Undisclosed amount
Fairfield, NJ-based cleaning and maintenance company

Bain Capital
Lincoln Financial
$825M
Radnor, PA-based financial services company

New Mountain Capital
Office Ally
Undisclosed amount
Vancouver, WA-based provider of cloud-based clearinghouse and software to health care

Apollo
Plume
Undisclosed amount
Denver, CO-based tokenization business

Wind Point Partners
Sigma
Undisclosed amount
Cream Ridge, NJ-based maker of waterworks infrastructure products

Bain Capital
Sizzling Platter
$1B+
Salt Lake City, UT-based restaurant chain

New Mountain Capital
Thoughtful.ai
Undisclosed amount
Austin, TX-based revenue cycle automation company

Venture Capital Deals

DTCP, Glilot, Vertex, and Red Dot
Anecdotes
$55M
Palo Alto, CA-based GRC automation platform

Glade Brook Capital, YC, Day One Ventures, HubSpot Ventures, Oliver Jung, and Fellows Fund
Artisan
$25M
Milwaukee, WI-based AI sales agent startup

Mayfield and Menlo Ventures
Aurascape
$50M
Santa Clara, CA-based provider of security and observatbility for AI apps

a16z, Addition, Lightspeed, Valor Equity Partners, Thrive Capital, Altimeter, Terraine, and Trust Ventures
Base Power
$200M
Austin, TX-based provider of residential backup batteries

Spark Capital, Coinbase Ventures, Amex Ventures, and a16z
Blackbird Labs
$50M
Cupertino, CA and Ukraine-based blockchain-enabled payment option for restaurants

Shine Capital, Synchrony Ventures, Sheva Ventures, Point72 Ventures, and Cerca Partners
Bliss Aesthetics
$17.5M
Bay Harbor Islands, FL-based cosmetic surgery startup

Index Ventures and Motorola
Brinc
$75M
Seattle, WA-based maker of public safety drones

SineWave Ventures, Razor’s Edge Ventures, and Ten Eleven Ventures
Corsha
$18M
Vienna, VA-based provider of machine-to-machine communication solutions

Bain Capital Ventures, a16z, and Abstract Ventures
Krea
$83M
San Francisco, CA-based platform for creatives working with genAI

Altimeter Capital, Redpoint Ventures, and Hanabi Capital
LiveKit
$45M
San Jose, CA-based network infrastructure startup for multimodal AI apps

Bain Capital Life Sciences, BVF Partners, Third Rock Ventures, GV, and PXV Funds
MeridaBiosciences
$121M
Cambridge, MA-based biotech focused on serious autoimmune and allergic diseases

CapitalG, M12, Micron Ventures, NVIDIA, and Socratic Partners
nEye Systems
$58M
Emeryville, CA-based optical switch startup

T. Rowe Price, Fidelity, Tiger Global, Greylock, and XN
Nuro
$106M
Mountain View, CA-based developer of autonomous driving tech

NewRoad Capital Partners, MK Capital, and Moore Strategic Ventures
Optilogic
$40M
Ann Arbor, MI-based provider of supply chain design software

Updata Partners and Elsewhere Partners
Portnox
$37.5M
Austin, TX-based provider of zero trust access control solutions

Prosus
Rain
$75M
Los Angeles, CA-based earned wage access app

Foresite Capital and OrbiMed
RayThera
$110M
San Diego, CA-based immunology biotech

Applied Ventures, Atika Capital, Foxconn, Hanwha Deeptech Venture Fund, Hitachi Ventures, NEC Orchestrating Future Fund, NVIDIA, Prosperity7, SineWave Ventures, Translink Capital, University of Michigan, and YC
Rescale
$115M
San Francisco, CA-based digital engineering platform

Google, Nvidia, and BNP Paribas
SandboxAQ
$150M
Palo Alto, CA-based Alphabet spinoff developing AI models for enterprise

Eli Lilly, Biovision Ventures, Pappas Capital, and Hengdian Group Capital
Solu Therapeutics
$41M
Boston, MA-based developer of blood cancer immunotherapies

WestBridge Capital, B37 Ventures, Rocketship.vc, and Lightspeed Venture Partners
Tessell
$60M
San Ramon, CA-based developer of multi-cloud database-as-a-service

|Scherzer Deal Report|

The Scherzer Deal Report: March 31 – April 4, 2025

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

BC Partners Credit
$1.4B
Third special opportunities fund

Construct Capital
$300M
Third VC fund

Vistria Group
$2.5B
Real estate fund focused on affordable housing

Waterous Energy Fund
$1B
Third fund

Private Equity Deals

Clearview Capital
Advantage Behavioral Health
Undisclosed amount
Laurel Springs, NJ-based outpatient mental health treatment provider

Brookfield
Angel Oak
Undisclosed amount
Atlanta, GA-based mortgage lender Goldman Sachs

Alternatives
A tlas-SSI Holdings
Undisclosed amount
Monticello, MS-based water management equipment supplier

Sequoia Financial Group and Valeas Capital Partners
Carlson Capital Management
Undisclosed amount
Northfield, MN-based investment advisory with $3.8b in client assets

The Riverside Co
DAWGS
Undisclosed amount
Chicago, IL-based provider of door and window guards for securing vacant properties

Harrison Street and 1547
DRFortress
Undisclosed amount
Honolulu, HI-based largest carrier-neutral data center in Hawaii

EQT
Eagle Railcar Services
Undisclosed amount
Eastland, TX-based provider of railcar repair and maintenance services

General Atlantic, PSP Capital Partners, and Aksia
Frazier & Deeter
Undisclosed amount
Atlanta, GA-based accounting and business transformation firm

65 Equity Partners and Inflexion
Kee Safety
Undisclosed amount
British safety products maker

Audax Private Equity
Lanter Delivery Systems
Undisclosed amount
Des Peres, MO-based provider of OEM parts delivery

Encore Consumer Capital
LYS Beauty
Undisclosed amount
Atlanta, GA-based clean beauty brand

Hidden River Strategic Capital
Miles Ahead Brands
Undisclosed amount
Riverview, FL-based portfolio of aggregate distribution companies in the Southeast and Southwest

AIP Management
Silicon Ranch
$500M
Nashville, TN-based solar developer

SK Capital Partners
Spectrum Vascular
Undisclosed amount
White Plains, NY-based provider of vascular access and medication management products for reducing health care-acquired infections

Novo Holding
Sylvan
Undisclosed amount
Kittanning, PA-based maker of fungal biotech solutions

Venture Capital Deals

Bain Capital Ventures and First Round Capital
Actively AI
$17.5M
New York, NY-based GTM superintelligence startup

A16z, OpenAI Startup Fund, Abstract Ventures, Eniac Ventures, CrossBeam Ventures, and K5
Adaptive Security
$43M
New York, NY-based cybersecurity startup focused on deepfake attacks and other AI-engineered cons

Index Ventures, Interlagos, Breakthrough Energy Ventures, NEA, a16z, Vlad Tenev, Tim Draper, Jared Leto, and F.P. Journe
Aetherflux
$50M
Capitola, CA-based space-based solar energy startup

Venrock and Forbion Growth
AiRNA
$155M
Cambridge, MA-based RNA editing startup

Bain Capital Life Sciences, Wellington Management and insiders Lightstone Ventures, Sofinnova Investments, Abingworth, Foundation Fighting Blindness, Hatteras Venture Partners, Osage University Partners, and the Manning Family Foundation
Atsena Therapeutics
$150M
Durham, NC-based gene therapy startup focused on blindness

Mayfield, Sutter Hill Ventures, Canaan Partners, and Wing Venture Capital
AttoTude
$50M
Menlo Park, CA-based data center connection startup

Aligned Climate Capital, Ecosystem Integrity Fund, and Remarkable Ventures Climate
BetterFleet
$15M
Ann Arbor, MI-based provider of fleet management software

Avataar Ventures, Construct Capital, Bloomberg Beta, and Promus Ventures
Chef Robotics
$20.6M
San Francisco, CA-based maker of meal assembly robots

StepStone Group
Cyberhaven
$100M
Palo Alto, CA-based data security startup

QED Investors
Félix
$75M
San Francisco, CA-based platform for cross-border remittances

General Catalyst, Paramark Ventures, Airbus Ventures, GSBackers, MCJ, Borusan Ventures, and Positive Ventures
Fourier
$18.5M
Palo Alto, CA-based green hydrogen engineering startup

Zetta Venture Partners, Databricks Ventures, B Capital, Capital One Ventures, and In-Q-Tel
Gable
$20M
Seattle, WA-based provider of a shift left data management platform

QED Investors, Blumberg Capital, Frontline Ventures, Pruven Capital, Sozo Ventures, Akamai, AV8 Ventures, Ericsson Ventures, Nava Ventures, Oregon Venture Fund, S3 Ventures, Uncorrelated Ventures and Wing VC
Hydrolix
$80M
Portland, OR-based streaming data lake startup

Olive Tree Capital, YC, Hanwha Group, Liquid 2 Ventures, Nomadic Venture Partners, Soma Capital, and TechNexus Venture Collaborative
Maverick Metals
$19M
San Antonio, TX-based maker of specialty chemicals for critical metals recovery

HarbourVest, M Ventures, and eLab Ventures
MemryX
$44M
Ann Arbor, MI-based developer of edge AI chips

Fidelity, Column Group, Soleus Capital, Viking Global Investors, Cormorant, Schroders Capital, LYFE Capital, Euclidean Capital, UCB Ventures, Willett Advisors, UC Investments, YK Bioventures, Berkeley Frontier Fund, Ysios Capital, Alexandria Venture Investments, and Spur Capital Partners
Neurona Therapeutics
$102M
San Francisco, CA-based biotech focused on repairing dysfunctional neural circuits

TPG Rise, Rice Investment Group, Clearvision Ventures, and NGP Energy Technology Partners
Persefoni AI
$23M
Tempe, AZ-based provider of sustainability management software

Franklin Templeton, Fidelity, BlackRock, NEA, and Ribbit Capital
Plaid
$575M
San Francisco, CA-based platform that helps fintechs connect to bank accounts

GV and Lightspeed
Redpanda
$100M
San Francisco, CA-based data streaming startup

EQT, KKR, FTV Capital, Ten Eleven Ventures, and Finback Investment Partners
ReliaQuest
$500M
Tampa, FL-based security ops startup

Summers Value Partners
Restor3d
$38M
Durham, NC-based maker of personalized orthopedic implants

Spark Capital, Kleiner Perkins, Mayfield, and Fidelity
Retym
$75M
Cupertino, CA-based semicondiuctor startup

General Atlantic, Fidelity, Baillie Gifford, NVIDIA, and SoftBank
Runway
$300M
New York, NY-based AI video startup

Insight Partners, NextView Ventures, The General Partnership, and Peterson Ventures
SchoolAI
$25M
Lehi, UT-based AI platform for teachers

Menlo Ventures, SignalFire, Craft Ventures, Inspired Capital, and Torch Capital
Solace
$60M
Redwood City, CA-based provider of health-care navigation solutions for patient advocates

Tiger Global, Index Ventures, and Sequoia Capital
Temporal
$146M
Seattle, WA-based microservices orchestration startup

Index Ventures, Andreessen Horowitz (a16z), General Catalyst, SemperVirens, PeopleTech Partners, The General Partnership, and ADP Ventures
Thatch
$40M
San Francisco, CA -based provider of individual coverage health reimbursement arrangements for employers

Bessemer Venture Partners, TLV Partners, Craft Ventures, Third Point Ventures, SentinelOne Ventures, and Cerca Partners
Unframe
$50M
Denver, CO-based enterprise AI platform

Informed Ventures, American Family Ventures, Morgan Health, Ingeborg Investments, Catalyst by Wellstar, and Plug and Play
Venteur
$20M
San Francsico, CA-based ICHRA administrator

|Scherzer Deal Report|

The Scherzer Deal Report: March 24-28, 2025

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

Churchill Asset Management
New York, NY
$750M
Third collateralized fund obligation fund

Emergence Capital
San Francisco, CA
$1B
Seventh fund

Falfurrias
Charlotte, NC
$1.35B
Sixth fund

Pike Street Capital
Seattle, WA
$199M
Single-asset continuation fund

Private Equity Deals

Aldaron Partners and True Wind Capital
DCM Services
Undisclosed amount
Bloomington, MN-based provider of estate and specialty account recovery solutions

Regent
Foundry
Undisclosed amount
Needham, MA-based publisher of PCWorld and Macworld

Knox Lane
HealthCare Experts Squared
Undisclosed amount
Glenview, IL-based education provider for health-care pros

Brighton Park Capital
Hitrust
Undisclosed amount
Frisco, TX-based provider of information security assurance for risk management and compliance

TA Associates
Nous Infosystems
Undisclosed amount
Edison, NJ-based provider of product and data engineering solutions for digital transformation

Thoma Bravo
PCMI
Undisclosed amount
Park Ridge, IL-based provider of admin software for finance and insurance in the automotive and consumer end markets

Bildmore
Peregrine Energy Solutions
$53M
Boulder, CO-based utility-scale renewables and energy storage developer

Main Post Partners
Rebel Athletic
Undisclosed amount
Carrollton, TX-based provider of cheerleading and other athletic apparel

Sixth Street
San Francisco Giants
Undisclosed amount
San Francisco, CA-based major league baseball team

Forward Consumer Partners
SerVaas Laboratories
Undisclosed amount
Indianapolis, IN-based maker of household cleaning products

AGIC Capital
Solmetex
Undisclosed amoun
tNorthborough, MA-based provider of dental products

RRJ Capital and Andalusian Private Capital
VistaJet
Undisclosed amount
New York, NY-based private jet operator

Venture Capital Deals

Craft Ventures, Inspired Capital, and Rally Ventures
Allen Control Systems
$30M
Austin, TX-based developer of autonomous robotic gun turret

Canaan Partners, Forerunner Ventures, Adverb Ventures, and Factorial Funds
Arcade
$25M
Sevierville, TN -based gen AI marketplace for creating physical products

Bessemer Venture Partners, Owl Ventures, South Park Commons, and Springbank Collective
Brisk
$15M
San Francisco, CA-based AI ed-tech startup

Felicis, A Capital, SV Angel, Nexus Venture Partners, and Paul Graham
Browser Use
$17M
San Francisco, CA-based startup helping AI agents navigate websites

StageDotO
Capital Markets Gateway
$30M
New York, NY-based equity capital markets platform

Ally Bridge Group, Claret Capital Partners, Cardiac Dimensions, Hostplus, M.H. Carnegie, Horizon 3 Healthcare, and Lumira Ventures
C ardiac Dimensions
$53M
Kirkland, WA-based developer of minimally invasive treatments for heart failure and functional mitral regurgitation

Moon, Luma Group, Bausch + Lomb, Jefferson Life Sciences, Innovation Endeavors, Catalio Capital Management, S32, and KdT Ventures
Character Biosciences
$93M
Jersey City, NJ-based developer of drugs for polygenic diseases

Resonance, Headline, Serena Capital, and Balderton Capital
DeepIP
$15M
New York, NY-based AI platform for patent pros

CRV and First Round Capital
Dyna Robotics
$23.5M
Redwood City, CA-based robotics startup focused on tasks like folding and food preparation

Elephant VC and Goldman Sachs Alternatives
Fleetio
$450M
Birmingham, AL-based provider of fleet management software

Creator Sports Capital Manhattan West Private Equity, Sunflower Bank, and Omaha Productions
Good Good Golf
$45M
Frisco, TX-based golf media and lifestyle brand

Marunouchi Innovation Partners, Goldman Sachs, I Squared Capital, Shell Ventures, TOMS Capital, Fortress Investment Group, Olympia Group, and QVT Financial
GridPoint
$45M
Reston, VA-based commercial building decarbonization startup

Droia Ventures, Frazier Life Sciences, Novo Holdings, LifeArc Ventures, and Hummingbird Bioscience
Hillstar Bio
$67M
Boston, MA-based immunology biotech focused on autoimmune diseases

Coatue
Island
$250M
Dallas, TX-based provider of secure enterprise browsers

Zach Kirkhorn, Bullpen Capital, Dorm Room Fund, and Eigen Ventures
Jolly
16.5M
New York, NY-based employee rewards platform

Define Ventures, Flare Capital Partners, GV, and MultiCare Capital Partners
Layer Health
$21M
Brookline, MA-based clinical note analysis startup

Sequoia Capital and Coatue
Mercury
$300M
San Francisco, CA-based banking fintech Goldman Sachs

Alternatives, Vertex Ventures Israel, Grove Ventures, and ALIVE
Navina
$55M
New York, NY-based clinical intelligence startup

Lightspeed Venture Partners, Kleiner Perkins, West
Bridge Capital, Battery Ventures, and Emergent Ventures
N exthop AI
$110M
Santa Clara, CA-based developer of custom-built networking solutions for hyperscalers

SoftBank, Altimeter, Coatue, Founders Fund, and Magnetar Capital
OpenAI
$40B
San Francisco, CA-based company

Khosla Ventures, Seven Seven Six, and NBA Investments.
Playback
$22M
San Francisco, CA-based “Twitch for sports”

Norwest Venture Partners, Galaxy Ventures, Goldcrest, Thayer, Hard Yaka, Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital
Rain
$24.5M
New York, NY-based credit and debit card issuers that lets users settle in stablecoins

Accel and Bain Capital Ventures
Silna Health
$27M
New York, NY-based health insurance automation startup

S2G Investments
Sunday
$25M
Boulder, CO-based maker of eco-friendly lawn products

Novo Holdings, QIA, Cormorant Asset Management, The Capital Partnership, 415 Capital, AMED Ventures, PA MedTech, and Unorthodox Ventures
Supira Medical
$120M
Los Gatos, CA-based developer of catheter-based ventricular heart pumps

Greenoaks
The Bot Co.
$150M
San Francisco, CA-based robotics startup founded by former Cruise CEO, Kyle Vogt

Spark Capital
Underdog
$70M
Brooklyn, NY-based fantasy sports and sports betting app

Radical Ventures and Felicis
Yutori
$15M
San Francisco, CA-based provider of personal AI assistants

|Scherzer Deal Report|

The Scherzer Deal Report: March 17-21, 2025

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

Carr’s Hill Partners
$210M
Debut fund

Marathon Asset Management
$2.7B
Second opportunistic credit fund

Morgan Stanley Infrastructure Partners
$4.1B
Fourth fund

New State Capital Partners
$700M
Fourth fund

Pillar VC
$175M
Fourth fund

SemperVirens
$177M
VC fund

Susa Ventures
$175M
Fifth fund

Weatherford Capital
$300M
Second fund