Scherzer Deal Report

The Scherzer Deal Report: August 7-11, 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

Access Holdings
Baltimore, MD
$805M
Second lower midmarket fund ($525M) and co-investment commitments (c. $280M)

Blackstone
$7.1B
Third energy transition credit fund

Revelstoke Capital Partners
Denver, CO
$1.7B
Third fund

Ribbit Capital
Palo Alto, CA
$800M
10th fintech-focused VC fund

Private Equity Deals

Apollo Global Management
Accent
Undisclosed amount
Tomball, TX-based provider of baling wires

Waste Connections
Arrowhead Environmental Partners
Undisclosed amount
AL-based non-hazardous solid waste management company

Symphony Technology Group
Avid Technology
Undisclosed amount
Burlington, MA-based media editing software maker

Benford Capital Partners
BSC Industries
Undisclosed amount
Canton, MA-based distributor of industrial automation and motion control products

Novacap
Cadent
$600M
New York, NY-based TV ad tech firm

Seaport Capital
CyberlinkASP
Undisclosed amount
Dallas, TX-based provider of outsourced IT management services

Kohlberg & Co.
Engage PEO
Undisclosed amount
Hollywood, FL-based provider of HR outsourcing solutions to SMBs

RedBird-IMI
EverWonder Studio
Undisclosed amount
New York, NY-based independent nonfiction content studio

Olympus Partners
MEI Rigging & Crating
Undisclosed amount
Albany, OR-based provider of rigging and machinery moving and related services

Willis & Smith Capital
Performance Stamping
Undisclosed amount
Carpentersville, IL-based provider of metal stamping to industrial customers

KKR
Simon & Schuster
$1.62B
New York, NY-based book publisher

Goldman Sachs Asset Management
Synthica Energy
Undisclosed amount
Cincinnati, OH-based developer of biogas from food waste

Clayton Dubilier & Rice
Veritiv
c. $2.3B
Atlanta, GA-based printing and packaging company

Venture Capital Deals

Bain Capital Life Sciences, TCGX, Blackrock, Commodore Capital, Cormorant Asset Management, HB Healthcare Investments, Invus, Marshall Wace, Redmile Group, T. Rowe Price, Venrock, Vivo Capital, Ascenta Capital, Lilly Asia Ventures, OrbiMed, SR One Capital Management
ADARx Pharmaceuticals
$200M
San Diego, CA-based developer of RNA therapeutics

Flagship Pioneering
Alltrna
$109M
Cambridge, MA-based transfer RNA startup focused on codon diseases

Eclipse Ventures, Intuitive Ventures, Puma Venture Capital, Vipul Patel
Capstan Medical
$31.4M
Santa Cruz, CA-based developer of robotic-assisted heart valve surgery tech

Owl Ventures, NEA
Fizz
$25M
Palo Alto, CA-based social app for college students

General Catalyst, the Parker Institute, Mubadala
Georgiamune
$75M
Gaithersburg, MD-based monoclonal antibody developer focused on oncology and autoimmune diseases.

Insight Partners, Baseline Ventures, Haystack, Upside Partnership, Octave Ventures, Mantis VC
Haus
$17M
Mountain View, CA-based marketing ROI analytics startup

Founders Fund
Neuralink
$280M
Fremont, CA-based brain implant startup

Riverwood Capital
One Model
$41M
Austin, TX-based provider of HR analytics software

Baird Capital, Jump Capital, LiveOak, NextCoast, TDF
Osano
$25M
Austin, TX-based data privacy management startup

TPG Rise, Clearvision Ventures, NGP, Prelude Ventures, Parkway Ventures, The Rice Investment Group, Bain & Co., EDF, Alumni Ventures, ENEOS Innovation Partners
Persefoni
$50M
Mesa, AZ-based climate management and accounting platform

Intact Ventures, Lightspeed Venture Partners, General Catalyst, Founders Fund
Resilience
$100M
San Francisco, CA-based cyber risk platform

Blue Lion Global, Renegade Partners
Rightfoot
$15M
San Francisco, CA-based data connectivity startup for financial services

Macquarie Capital, Polaris Partners, .406 Ventures, F-Prime Capital Partners
Simon Data
$54M
New York, NY-based customer data platform

OVN Capital, Adit Capital, TSG, Forgepoint Capital
Symmetry Systems
$17.7M
San Jose, CA-based data security posture management startup

NewRoad Capital Partners, Progress Ventures, BDMI, S4S Ventures, Arbour Way Investors
Tracer
$18.1M
New York, NY-based business data aggregation and normalization platform

General Catalyst, Next47
Tractian
$45M
Atlanta, GA-based industrial asset monitoring startup

Temasek, Shell Ventures, Bidra Innovation Ventures, BlueScope, Galp, Samsung Venture Investment, Toppan Ventures, Tupras Ventures, Yara Growth Ventures, Zeon Ventures
Verdagy
$73M
Moss Landing, CA-based developer of electrolyzer tech for industrials

Capital One Ventures, ServiceNow
Veza
$15M
Los Gatos, CA-based identity management platform

Smith Point Capital, Citi
Virtualitics
$37M
Pasadena, CA-based data analytics and 3D visualization platform

Daniel Gross, Nat Friedman, Coatue, Insight Partners, Felicis, BOND, BloombergBeta
Weights & Biases
$50M
San Francisco, CA-based ML ops platform

The Scherzer Deal Report: July 31-August 4, 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

Energize Capital
$300M
Second growth fund

Glendower Capital
$5.8B
Fifth opportunities fund

Kimmeridge
$1B
Sixth fund

NATO
€1B
Innovative NATO Defense Tech Fund

SK Capital Partners
$800M
Second Catalyst fund

Tuesday Capital
$31M
Fifth seed-stage fund

Whitehorse
$5B+
Fifth fund

Yosemite
$200M
Debut fund

Private Equity Deals

Monroe Street Partners
Brandito
Undisclosed
Richmond, VA-based promotional products platform

Angeles Equity Partners
Custom Goods
Undisclosed
Carson, CA-based provider of asset-light logistics services

HCI Equity Partners
Custom Lawn Care
Undisclosed
Butler, PA-based residential lawn care company

TPG Rise Climate, Global Principal Partners
Hybar
$700M
Osceola, AR-based metal recycler

KKR
Industrial Physics
Undisclosed
New Castle, DE-based maker of testing and measurement instruments

Arlington Capital Partners
Integrated Data Services
Undisclosed
El Segundo, CA-based provider of software for federal government customers

Francisco Partners, TPG
New Relic
$6.5B
San Francisco, CA-based observability platform

InTandem Capital Partners
OrthoNebraska
Undisclosed
Omaha, NE-based hospital focused on musculoskeletal care

City Capital Ventures
SERVPRO of Saginaw
Undisclosed
Saginaw, MI-based franchisee of SERVPRO, provider of residential and commercial property restoration services

Palladium Equity Partners
Superior Environmental Solutions
Undisclosed
Cincinnati, OH-based provider of industrial cleaning services

TSG Consumer Partners
Trinity Solar
Undisclosed
Warwick, RI-based residential solar and battery storage developer

Venture Capital Deals

Playground Global, Andreessen Horowitz, Eli Lilly, the Retinal Degeneration Fund, Hummingbird Ventures, Pillar VC
Amber Bio
$26M
San Francisco, CA-based developer of multi-kilobase gene editing platforms

Foresite Capital, TCGX, Avidity Partners, BVF Partners, Janus Henderson Investors, Acorn Bioventures, Ally Bridge Group, Decheng Capital, Longitude Capital, Malin Corp., RA Capital Management
CG Oncology
$105M
Irvine, CA-based developer of immunotherapies for bladder cancer

Forgepoint Capital
Converge Insurance
$15M
New York, NY-based cyber risk management and underwriting startup

Blackbird Ventures, King River Capital, Spider Capital, January Capital, Summit Peak Ventures
Cyble
$24M
Alpharetta, GA-based cyber threat intelligence provider

Lightspeed Venture Partners, Coatue, Dell Technologies Capital, Section 32
Endor Labs
$70M
Palo Alto, CA-based code and pipeline governance platform

Breakthrough Energy Ventures, Global Founders Capital, NJP Ventures
Equilibrium Energy
$33M
San Francisco, CA-based startup renewable power company

WindRose Health Investors
Healthmap Solutions
$100M
Tampa, FL-based population health management company focused on kidney disease.

JAZZ, B-Flexion, Amboy Street Ventures
HerMD
$18M
Cincinnati, OH-based women’s health provider

Guidepost Growth Equity
Intellum
$25M
Atlanta, GA-based enterprise learning management company

Bain Capital Life Sciences, GordonMD Global Investments, Gilead Sciences, Westlake Village BioPartners, Vida Ventures, Northpond Ventures, RTW Investments, Insight Partners, CAM Capital, LYFE Capital, jVen Capital
Kyverna Therapeutics
$60M
Emeryville, CA-based developer of cell therapies for autoimmune diseases

Ally Bridge Group, Transformation Capital, Care Capital, Omega Venture Partners, Matter Venture Partners, Delta Dental of California, the American Association of Orthodontics
LightForce Orthodontics
$80M
Burlington, MA-based maker 3D-printed dental devices

NextView Ventures, Khosla Ventures, Founders Fund, Steve McLaughlin, Steve Pagliuca, Nextera Energy
Lula
$35.5M
Miami, FL-based insurtech startup

Bessemer Venture Partners, Switch Ventures
Luxury Presence
$19.2M
Santa Monica, CA-based provider of growth marketing solutions for real estate pros

March Capital, Sanabil Investments, Prosperity7, Solutions by STC, Liberty Global Ventures, 8VC, Geodesic Capital, FirstU Capital, Valor Equity Partners
Nile
$175M
San Jose, CA-based enterprise connectivity startup

Novartis, Hikma Ventures, Intermountain Ventures, Blue Venture Fund, Echo Health Ventures, Section 32, Northpond Ventures, Deerfield Management, Casdin Capital, Merck Global Health Innovation Fund
Octave Bioscience
$30M
Menlo Park, CA-based biotech focused on multiple sclerosis

Victory Park Capital
Petal
$20M
Atlanta, GA-based consumer credit card startup

Andreessen Horowitz, Abstract Ventures, Michael Ovitz, Elad Gil
Socket
$20M
San Francisco, CA-based software security startup

HSBC, AYTK Ltd., LUN Partners Group, Fuel VC, Doha VC, Notion Capital, IDC Ventures, The Private Shares Fund
Tradeshift
$70M
New York, NY-based B2B payments and supply chain startup

Autodesk, HG Ventures, PureTerra, Arosa Capital, Riverstone Holdings
Transcend
$20M
Princeton, NJ-based maker of generative design software for sustainable infrastructure

Insight Partners, MemorialCare, Healthcare of Ontario Pension Plan, Clal
TytoCare
$49M
New York, NY-based virtual home care company

Good Growth Capital, IAG Capital Partners
VenoStent
$16M
Houston, TX-based-based developer of vascular support devices

The Scherzer Deal Report: July 24-28, 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

Bansk Group
New York, NY
$800M
Debut fund

Certares Management
New York, NY
$284M
First real estate hospitality fund

Comvest Partners
West Palm Beach, FL
$2B
Sixth flagship credit fund

Goodwater Capital
Burlingame, CA
$1B
Fifth early-stage fund and third opportunity fund

Polychain Capital
San Francisco, CA
$200M
Fourth fund

Supply Change Capital
Los Angeles, CA
$40M
Debut fund

Titletown
Tech Green Bay, WI
$70M
Second fund

Valhalla Ventures
Los Angeles, CA
$66M
Debut fund

Private Equity Deals

PSG
AppHub
$95M
New York, NY and San Francisco, CA-based e-commerce software company

Warburg Pincus, Centerview
Banc of California
$400M
Two California regional banks, Banc of California and PacWest, are merging under the former’s brand.

Haveli Investments, General Atlantic
Certinia
Undisclosed
San Jose, CA-based services business software provider

Oaktree Capital Management
Magnolia Wash Holdings
Undisclosed
Charlotte, NC-based chain of car wash locations

Everstone Capital, Recognize
MediaMint
Undisclosed
San Francisco, CA-based digital advertising operations provider

Apollo Global Management
PetSmart
Undisclosed
Phoenix, AZ-based chain of pet stores

TT Capital Partners
Pyx Health
Undisclosed
Tuscon, AZ-based provider of social interactions

H.I.G. Capital
RBmedia
Undisclosed
Landover, MD-based audiobook publisher

Bain Capital, Valeas Capital Partners
Ren
Undisclose
Indianapolis, IN-based provider of software for managing donor-advised funds

Rithm Capital
Sculptor Capital Management
Undisclosed
New York, NY-based asset manager

TopBuild
Specialty Products and Insulation
Undisclosed
Charlotte, NC-based mechanical, building, and spray foam insulation products supplier.

Alpine Investors
Vertex Service Partners
Undisclosed
Charlotte, NC-based residential improvement business

Venture Capital Deals

Perceptive Xontogeny Ventures, Madrona, Breakout Ventures
A-Alpha Bio
$22.4M
Seattle, WA-based synthetic biology and machine learning company

Breakthrough Energy Ventures, Climate Investment, Beazer Homes, Aramco Ventures, Building Ventures, 2150, Energy Impact Partners
Aeroseal
$67M
Miamisburg, OH-based sealant manufacturer

Mountain Group Partners, Canvas Ventures, Headline, Burst Capital, Bob Antin
Airvet
$18.2M
Los Angeles, CA-based telehealth veterinary startup

Sequoia Capital
Collaborative Robotics
$30M
Santa Clara, CA-based robot maker

L Catterton, Bessemer Venture Partners, Imaginary Ventures
GlossGenius
$28M
New York, NY-based beauty business management software company

Kineticos Ventures
Kincell Bio
$36M
Gainesville, FL-based cell therapy development and manufacturing company

Generation Investment Management
OneTrust
$150M
Atlanta, GA-based ESG data company

CPMG, Vivo Capital, First Round Capital, Manta Ray Ventures, Alumni Ventures, Asahi Kasei
Ossium Health
$52M
San Francisco, CA-based bioengineering company

Evolution Equity Partners, Salesforce Ventures, Acrew Capital, boldstart ventures, Knollwood Capital, Pelion Ventures
Protect AI
$35M
Seattle, WA-based AI security startup

Vista Credit Partners
RapidAI
$75M
San Mateo, CA-based vascular and neurovascular conditions diagnostics company

The Scherzer Deal Report: July 17-21, 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

Adverb Ventures
$75M
Debut fund

Angelo Gordon
$1B+
AG Asset-Based Credit Fund

Bain Capital Insurance
$1.15B
Debut fund

Bracket Capital
Los Angeles, CA
$450M
Third set of flagship fund ($150M) and co-invest fund ($300M)

CoinFund
$158M
Newest crypto-focused venture fund

Davidson Kempner Capital Management
$3B
Sixth opportunities fund

Pure Ventures
San Francisco, CA
$20M
Second fund

Westlake Village BioPartners
Los Angeles, CA
$450M
Third fund

Private Equity Deals

KKR
Chase Corporation
$1.3B
Westwood, MA-based manufacturer of protective material

Tonka Bay Equity Partners
Corporate Technologies
Undisclosed
Minneapolis, MN-based IT managed services provider

IMB Partners
eTelligent Group
Undisclosed
Leesburg, VA-based government IT company

Incline Equity Partners
GME Supply Co.
Undisclosed
Columbia, MO-based distributor of fall protection, safety, and productivity equipment

Entrepreneurial Equity Partners
MBC Companies
Undisclosed
McDonald, TN-based frozen breakfast foods provider

TPG
Nextech
$1.4B
Tampa Bay, FL-based physician practice software provider

Kohlberg & Co.
Riveron
Undisclosed
Dallas, TX-based business advisory

Platinum Equity
The HC Companies
Undisclosed
Twinsburg, OH-based North American manufacturer of horticultural containers

Venture Capital Deals

8VC, GC1 Ventures
Anduin
$15.6M
San Francisco, CA-based maker of tools for private market transaction

Argonautic Ventures, Metaplanet, other investors
Cognaize
$18M
New York, NY-based fintech data processing startup

Sapphire Ventures, YC, Wayfinder Ventures, Burst Capital, Cabra VC, Davidovs VC
Collectly
$29M
Santa Monica, CA-based patient financial engagement software company

Solana, Polygon
Cosmic Wire
$30M
Miami, FL-based blockchain startup

10T Holdings, Ripple
Futureverse
$54M
Los Angeles, CA-based AI and metaverse technology and content startup

Lightspeed Venture Partners, Krafton
Gardens
$31.3M

Los Angeles, CA-based gaming studio

 

Michael Cline, Juxtapose
Herself Health
$16M
New York, NY-based women’s health care company

Bain Capital Ventures, ICONIQ Capital, Amplify Partners
Hightouch
$38M
San Francisco, CA-based data infrastructure startup

SignalFire, Union Square Ventures, CRV, GGV, Commerce Ventures, Dreamers VC
Karat
$40M
Los Angeles, CA-based maker of fintech tools for content creators

General Atlantic’s BeyondNetZero, KKR, Generation Investment Management
o9 Solutions
$116M
Dallas, TX-based supply chain planning and demand forecasting company

Horizon Capital, Reach Capital, Hoxton Ventures
Preply
$70M

Brookline, MA-based online language learning marketplace

 

Mainsail Partners
ProShop
$32M
Bellingham, WA-based machine shop software provider

Blockchain Capital, Bain Capital, Galaxy Digital, Fenbushi Capital, Delphi Digital
Risc Zero

$40M
Seattle, WA-based blockchain technology startup

 

Initialized Capital, Elad Gil, Jason Tan
Runway
$27.5M
San Francisco, CA-based startup financial planning tools maker

Wellington Management, Greenoaks Capital Partners, D1 Capital Partners, Imaginary Ventures
Skims
$270M
Los Angeles, CA-based shapewear company founded by Kim Kardashian

Bioluminescence Ventures, with KdT Ventures, Piedmont Capital, 8VC, Alumni Ventures, Camford Capital, Cancer Research Institute, Intuitive Ventures, Khosla Ventures, Pitango HealthTech
Surge Therapeutics
$32M

Boston, MA-based biotech company

 

8VC, Prologis Ventures, RyderVentures, NFI Ventures, Lineage Logistics, Vehicle Velocity Group, the Friedkin Group International, 9Yards, Northstar.vc, Amplifier, MS&AD Ventures
Terminal Industries
$17M
Austin, TX-based logistics management software startup

Madrona, Bain Capital Ventures, M12 Ventures, Mango Capital, MongoDB Ventures, Shield Capital, Harrison Chase, Bob van Luijt, Josh Lefkowitz
Unstructured
$25M
Sacramento, CA-based large language data management startup

Insight Partners, Zinal Growth, Peter Thiel, Justin Mateen, Justin Kan, The Chainsmokers, Vivek Ranadive, David Blitzer, Josh Richards, Griffin Johnson, James Harden, Cory Levy, Josh Browder
Whop.com
$17M
New York, NY-based marketplace for digital products

Battery Ventures, Grove Ventures, StageOne Ventures, Secret Chord Ventures, Cerca Partners, Operator Partners, angel investors
Wing Cloud
$20M
New York, NY-based open-source software company

The Scherzer Deal Report: July 10-14, 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

Albion River
$400M
New Albion Platform Holdings to support Defense and fund US and allied military customers

Alpine Investors
$4.5B
Ninth fund

Antares Capital
$6B
The second senior loan fund

Audax Private Equity
$7.8B
Seventh flagship PE fund ($5.25B) and its first lower midmarket fund ($774M)

Cordillera
$443M
Third fund

Distributed Ventures
$100M
Debut fund

Long Ridge Equity Partners
$730M
Fourth fund

May River Capital
$500M
Third fund

Modi Ventures
$32M
Debut fund

Morgenthaler Private Equity
$633M
Fourth fund

North Branch Capital
$213M
Second fund

Prime Coalition and Azolla Ventures
$239M
Climate tech VC fund

RCP Advisors
$797M
Fourth, PE secondary opportunities fund

Sheridan Capital Partners
$575M
Third fund

Shore Capital Partners
$640M+
First industrial-focused PE fund ($208M) and its fifth health care fund ($436M)

SineWave Ventures
$160M
Third fund

Suffolk Technologies
$110M
Debut fund

The Raine Group
$760M
Fourth growth equity fund

The Riverside Company
$350M
New lower mid-market fund

Welsh, Carson, Anderson & Stowe
$5B+
14th flagship fund

WindRose Health Investors
$1.4B
Sixth fund

Wing VC
$600M
Fourth fund

Private Equity Deals

Great Mountain Partners
Amplify Pictures
Undisclosed
Los Angeles, CA-based independent TV studio

Cinven
Archer
Undisclosed
Overland Park, KS-based provider of risk management software

Stone-Goff Partners
BigScoots
Undisclosed
Chicago, IL-based provider of managed web hosting solutions

Genspring
Bradford Soap International
Undisclosed
West Warwick, RI-based maker of beauty and personal care products

Ancor Capital Partners, Merit Capital Partners
Displayit
Undisclosed
Irvine, CA-based provider of trade show displays

TPG
Forcepoint
$2.45B
Austin, TX-based government cybersecurity unit

RedBird Capital Partners
Go Rentals
Undisclosed
Atlanta, GA-based luxury car rental provider

HCI Equity Partners
Grasshopper Lawns
Undisclosed
Larksville, PA-based provider of residential lawn care services

Riverwood Capital, Endeavor Catalyst
InvGate
$35M
Claymont, DE-based IT management firm

Olympus Partners
MEI Rigging & Crating
Undisclosed
Houston, TX-based national provider of rigging and machinery moving, millwrighting, industrial storage, and equipment crating

Arlington Capital Partners
Pegasus Steel
Undisclosed
Goose Creek, SC-based provider of fabricated steel structures used for the construction of submarines and aircraft carriers

Symphony Technology Group
Wrike
Undisclosed
San Diego, CA-based collaborative work management platform

Sverica Capital Management
Zyston
Undisclosed
Dallas, TX-based provider of security posture and program management maturity solution

Venture Capital Deals

Great Mountain Partners
Amplify Pictures
Undisclosed
Los Angeles, CA-based independent TV studio

Cinven
Archer
Undisclosed
Overland Park, KS-based provider of risk management software

Stone-Goff Partners
BigScoots
Undisclosed
Chicago, IL-based provider of managed web hosting solutions

Genspring
Bradford Soap International
Undisclosed
West Warwick, RI-based maker of beauty and personal care products

Ancor Capital Partners, Merit Capital Partners
Displayit
Undisclosed
Irvine, CA-based provider of trade show displays

TPG
Forcepoint
$2.45B
Austin, TX-based government cybersecurity unit

RedBird Capital Partners
Go Rentals
Undisclosed
Atlanta, GA-based luxury car rental provider

HCI Equity Partners
Grasshopper Lawns
Undisclosed
Larksville, PA-based provider of residential lawn care services

Riverwood Capital, Endeavor Catalyst
InvGate
$35M
Claymont, DE-based IT management firm

Olympus Partners
MEI Rigging & Crating
Undisclosed
Houston, TX-based national provider of rigging and machinery moving, millwrighting, industrial storage, and equipment crating

Arlington Capital Partners
Pegasus Steel
Undisclosed
Goose Creek, SC-based provider of fabricated steel structures used for the construction of submarines and aircraft carriers

Symphony Technology Group
Wrike
Undisclosed
San Diego, CA-based collaborative work management platform

Sverica Capital Management
Zyston
Undisclosed
Dallas, TX-based provider of security posture and program management maturity solution

The Scherzer Deal Report: July 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

Altas Partners
Toronto, Canada
$4B
Third flagship buyout fund

Insight Partners
New York, NY
$118M
Second VC fund-of-funds

KLH Capital Partners
Tampa, FL
$400M
Fifth fund

Thayer Street
New York, NY
$275M
Third lower mid-market PE fund

Private Equity Deals

Addison Capital Partners
Communication Power Companies
Undisclosed
Hauppauge, NY-based manufacturer of RF and microwave power amplifiers

Golden Gate Capital
DMC Power
Undisclosed
Carson, CA-based supplier of high-voltage connectors to the utility sector

ArcLight Capital Partners
Duke Energy
$364M
Charlotte, NC-based energy holding company’s commercial distributed generation business

Monroe Capital
Horizon Technology Finance Management
Undisclosed
Farmington, CT-based venture debt lender

Balcor Cos.
Kaizen Clean Energy
Undisclosed
Tomball, TX-based developer of hydrogen-based distributed energy resources

Rosemont
Landmark Management
Undisclosed
New York, NY-based multi-family office

Lindsay Goldberg
Lightwave Dental
Undisclosed

Woodbridge, VA-based dental service organization

 

Gauge Capital
Loving Tan

Undisclosed

Brisbane, CA-based sunless tanning products brand

Auxo Investment Partners
SOS Manufacturing
Undisclosed
Roberts, WI-based manufacturer and supplier of custom wire harnesses and cable assemblies

 

 

Lone Star Funds
Titan Acquisition Holdings
Undisclosed
Portland, OR-based provider of ship repair services and marine fabrication

Man Group
Varagon Capital Partners
$183M
New York, NY-based mid-market private credit firm

GTCR
Worldpay
Undisclosed

Venture Capital Deals

Undisclosed investors
Benchmark Space Systems
$33.2M
Burlington, VT-based developer of in-space propulsion solutions

Thrive Capital, Upfront Ventures, Kairos
Clair
$175M
New York, NY-based advance payment fintech for frontline and gig workers

USVP
Luminopia
$16M
Cambridge, MA-based provider of digital therapeutics for neuro-visual disorders

Zigg Capital, Matrix Partners, Koch Real Estate Investments, Clocktower Technology Ventures, Nine Four Ventures
Steadily
$28.5M
Beaverton, OR-based landlord insurance startup

The Scherzer Deal Report: June 26-30, 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

Arboretum Ventures
$268M
Sixth fund

BV Investment Partners
$1.46B
11th flagship fund

Haystack
$75M
Seventh fund

Joyful Ventures
$23M
Fund focused on alternative protein startups

KCRise Fund
$34M
Third fund

Kindred Ventures
$310M
Third flagship fund ($200M) and first opportunities fund ($110M)

Pronghorn
$200M
Black-owned spirits makers

Springbank
$35M
Fund focused on infrastructure serving women and working families

Unshackled Ventures
$35M
Third fund

Varsity Healthcare Partners
$700M
Fourth fund

Wellington Management
$2.6B
Fourth late-stage VC fund

Private Equity Deals

Congruent Investment Partners
AAA Fabrication
Undisclosed
Kemp, TX-based provider of custom metal fabricated products

H.I.G. Capital
Advanced Dental Brands
Undisclosed
Canton, MA-based dental partnership organization

General Atlantic
Authentic Brands Group
$500M
New York, NY-based brand management company

Thomson Reuters
Casetext
$650M
San Francisco, CA-based AI assistant for lawyers

Brookfield Infrastructure Partners, Ontario Teachers’ Fund
Compass Datacenters
Undisclosed
Dallas, TX-based company that provides solutions for Cloud & SaaS, Enterprise, Colocation, and Edge/ Distributed Infrastructure

Norwest
HighFive Healthcare
$100M
Homewood, AL-based specialty dental partnership organization focused on endodontics and oral surgery.

Ilion Capital Partners
Mid States Supply
Undisclosed
Kansas City, MO-based provider of valves, pipes, and fittings

ArtesRx
Parkview Health Services
Undisclosed
Amherst, NY-based provider of specialized pharmacy services

Silver Lake and CPPIB
Qualtrics
Undisclosed
Provo, UT-based maker of survey and customer experience software

Mainsail Partners
Red Oak Compliance Solutions
$51M
Austin, TX-based provider of compliance software

Trinity Hunt Partners
REQ
Undisclosed
Washington, DC-based digital marketing and advertising company

Comvest Partners
Your Behavioral Health
Undisclosed
Torrance, CA-based behavioral health services firm

Venture Capital Deals

CRV, Bessemer Venture Partners, F2 Venture Capital
Astrix Security
$25M
New York, NY-based startup for securing app-to-app connections

CPMG, Evidity Health Capital, H.I.G. Capital, Revival Healthcare Capital, Almeda Ventures
Augmedics
$82.5M
Arlington Heights, IL-based AR navigation platform for spinal surgeries

General Atlantic, Flare Capital Partners
Author Health
$115M
Boston, MA-based provider of services for Medicare Advantage members with serious mental illness and substance use disorders

LB Investment, Ignite Innovation Fund, Krossroad Partners, SoftBank Ventures Asia
B Garage
$20M
San Jose, CA-based developer of autonomous warehouse drones

Paladin Capital Group, Lockheed Martin Ventures, Hakluy Capital, Expeditions Fund, Auren Hoffman, Anne, and Susan Wojcicki
CalypsoAI
$23M
San Mateo, CA-based AI testing and security startup

B. Riley Venture Capital, Kingfisher Investment Advisors, Snowflake Ventures, Prosperity7 Ventures, Legacy Knight
Cart.com
$60M
Austin, TX-based provider of e-commerce enablement solutions

IAG Capital Partners, Koch Disruptive Technologies, Temasek
Celestial AI
$100M
Santa Clara, CA-based photonic fabric startup

Ten Eleven Ventures, Advent International, Zscaler, Emerald Development Managers, Prelude, Great Road Holdings
Cyware
$30M
Jersey City, NJ-based threat intelligence platform

Dohmen Company Foundation
Everytable
$25M
Los Angeles, CA-based subscription meal service startup

Caffeinated Capital, Emergence Capital, Pear VC
Federato
$25M
Palo Alto, CA-based underwriting platform for the insurance industry

EQT Ventures, Andreessen Horowitz, Dell Capital, Intel Capital
Fly.io
$70M
Chicago, IL-based app delivery network

Novalis LifeSciences, Nvidia, Invenshure, 8VC, Beringea, HP Enterprise, Intuitive Ventures, iSelect, Gundersen Health System, Seraph, Great North Ventures
Flywheel
$54M
Minneapolis, MN-based medical imaging data platform

Nvidia, Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt
Inflection AI
$1.3B
Palo Alto, CA-based developer of a personal chatbot called Pi

One Peak, Senovo, Presto Ventures
IP Fabric
$25M
New York, NY-based automated network assurance startup

QED Investors, Tresalia Capital, Amador Holdings, NFX, Tiger Global, ALLVP
Nuvocargo
$36.5M
New York, NY-based provider of U.S.-Mexico cross-border freight services

OpenView, Flexport, Webflow, Matrix Partners, Thrive Capital
Parabola
$24M
San Franciso, CA-based workflow automation startup

LL Funds, RET Ventures
Picket
$20M
Nashville, TN-based residential real estate investing startup

Scopia Capital, Jefferson River Capital
PM Pediatric Care
$50M
New Hyde Park, NY-based hybrid pediatric care provider

GV, Lightspeed Venture Partners, Haystack
Redpanda
$100M
San Francisco, CA-based data streaming startup

DST Global Partners, Radical Ventures, Snowflake Ventures
Reka
$58M
Sunnyvale, CA-based developer of custom enterprise AI models

Homebrew, Stage 2 Capital, Wing VC, Underscore VC, Active Capital, Collide Capital, Tom Colichio, Scott Belsky
Slang.ai
$20M
New York, NY-based phone answering product

Salesforce Ventures, Lightspeed Venture Partners, Madrona, GV, Menlo Ventures, M12
Typeface
$100M
San Francisco, CA-based provider of generative AI for the enterprise

Tiger Global, South Park Commons
Unit21
$45M
San Francisco, CA-based fraud detection startup

New Spring Capital
Venn Software
$29M
New York, NY-based provider of employee cybersecurity and compliance SaaS

Ampersand Capital Partners, Charles River Labs, Dynamk Capital, the Vermont Center for Emerging Technologies
Vernal Biosciences

$20M
Colchester, VT-based mRNA, and LNP contract development and manufacturer

Volition Capital
Zenarate
$15M
Palo Alto, CA-based provider of simulation training software for improving sales agent performance

The Scherzer Deal Report: June 19-23, 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

Boost Capital Partners
$35M
Debut fund

Dropbox
$50M
AI-focused venture fund

GrowthCurve Capital
$1.4B
Debut fund

Stone-Goff Partners
$175M
Fourth fund

Private Equity Deals

Flexpoint Ford
Baker Hill
Undisclosed
Carmel Hill, IN-based provider of loan origination and risk management software

Lone Star Funds
CentroMotion
Undisclosed
Waukesha, WI-based maker of precision motion control and engineered systems for the industrial and transport markets

Arbor Investments
Golden Malted and Heartland Waffles
Undisclosed
South Bend, IN- and Westwood, KS-based providers of waffle irons and waffle mix to the hospitality and foodservice industries

Brand Velocity Group
Jaya Apparel Group
Undisclosed
Vernon, CA-based owner of the Cinq à Sept and Likely brands

Arctos Sports Partners and Harris Blitzer Sports & Entertainment
Joe Gibbs Racing
Undisclosed
Charlotte, NC-based leader in NASCAR racing

Vistria Group
MGT
Undisclosed
Tampa, FL-based social impact and performance improvement consultancy

Bernhard Capital Partners
Optimum Energy
Undisclosed
Seattle, WA-based provider of HVAC optimization solutions

Blackstone
Invenergy
$1B
Chicago, IL-based renewable energy developer

Levine Leichtman Capital Partners
SEV
Undisclosed
Burbank, CA-based med spa operator

Harvest Partners
Sparq
Undisclosed
Atlanta, GA-based provider of outsourced digital engineering solutions

Topspin Consumer Partners
Three Dog Bakery
Undisclosed
Kansas City, MO-based humanized dog treat maker

Kelso & Co.
Valenz Health
Undisclosed
Phoenix, AZ-based medical cost containment firm

Venture Capital Deals

Barings
Accelerant
$150M
Atlanta, GA-based insurance risk exchange

8VC, Sherpalo Ventures, Guillermo Rauch
Acryl Data
$21M
Mountain View, CA-based enterprise data catalog platform

Lightspeed Venture Partners, Venrock, OMERS Growth Equity, Fidelity, Avidity Partners
Aledade
$260M
Bethesda, MD-based network of primary care practices

Andreessen Horowitz, Shield Capital
Apex Space
$16M
City, CA-based satellite bus manufacturer

Frazier Life Sciences, venBio, Illumina Ventures
Attovia Therapeutics
$60M
Fremont, CA-based biotech focused on immune-mediated disease and cancer

Kleiner Perkins, Sequoia Capital, Andreessen Horowitz, SV Angel
Captions
$25M
New York, NY-based video editing app

Maveron, GV, 7wireVentures, Hopelab Ventures, Wellington Partners, Ingeborg Investments, The Venture Collective
Caraway
$16.75M
New York, NY-based provider of women’s mental, physical, and reproductive health services

Iconiq Growth, Transformation Capital, Kaiser Permanente Ventures, Define Ventures, Frist Cressey Ventures, SpringRock Ventures
DexCare
$75M
Seattle, WA-based patient demand and care access platform

Andreessen Horowitz, Nat Friedman, Daniel Gross
ElevenLabs
$19M
New York, NY-based AI voice synthesis platform

Flagship Pioneering
Empress Therapeutics
$50M
Cambridge, MA-based small molecule drug developer

Climate Investment, Blackhorn Ventures, Innovation Endeavors, DI Technology
Fero Labs
$15M
New York, NY-based provider of manufacturing process optimization software

Fall Line Capital
Guardian Agriculture
$20M
Woburn, MA-based maker of large crop-dusting drones

Headline, GGV Capital, Footwork, Founders’ Co-Op, Act One, Heron Rock
Heard Technologies
$15M
Seattle, WA-based provider of therapist accounting tools

Norwest, Krowten Capital, Jemison Investment Co.
HighFive
$100M
Birmingham, AL-based specialty dental partnership organization focused on endodontics and oral surgery.

T. Rowe Price, BOND, Standard Investments, Equinor Ventures, a16z, Breakthrough Energy Ventures, BHP Ventures, Mitsubishi Corporation, Earthshot Ventures, the July Fund
KoBold Metals
$195M
Berkeley, CA-based EV battery mineral exploration company

Goldman Sachs Growth Equity
Limble
$58M
Lehi, UT-based physical asset tracking startup

Cigna Ventures, Novo Holdings, Avidity Partners, Health Velocity Capital, Greycroft, Felicis, Company Ventures, Obvious Ventures
Octave
$52M
San Francisco, CA-based hybrid behavioral health company

Felicis, Sequoia Capital, Harpoon Ventures
Oso
$15M
New York, NY-based authorization platform for developers

Madrona Venture Group, SpringRock Ventures
Outbound AI
$16M
Seattle, WA-based healthcare billing and claims automation startup

Bessemer Venture Partners, Addition, General Catalyst, the South Park Commons Fund
Render
$50M
San Francisco, CA-based cloud for app developers and teams

The family offices of John McFadden and David Dolby
Sharrow Marine
$32M
Detroit, MI-based maker of propellers for boats and ships

Scale Venture Partners, Amplify Partners, Storm Ventures, Battery Ventures
System Initiative
$15M
San Francisco, CA-based infrastructure automation platform

Sequoia Capital, GV, BoxGroup, Neo, Dylan Field, Marc Benioff, Jeff Weiner, Sam Altman
Warp
$50M
New York, NY-based modern terminal app

FPV Ventures, Human Capital, Autotech Ventures, Mark Cuban
Yendo
$24M
Dallas, TX-based provider of credit cards collateralized by car ownership

The Scherzer Deal Report: June 12-16, 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

Canva
$50M
Corporate Venture fund

Discover
$36M
VC fund

Hidden River Strategic Capital
$245M
Debut fund

Peakview Capital
$145M
Fourth fund

TA Associates
$16.5B
Fiftheenth fund

Private Equity Deals

Erie Street Growth Partners
50,000feet
Undisclosed
Chicago, IL-based brand consultancy and creative agency

Fiera Infrastructure, Palisade Infrastructure Group
Amp US Primary Holdings
Undisclosed
Denver, CO-based solar and storage developer

Apixio, New Mountain Capital, Eir Partners
ClaimLogiq
Undisclosed
Mount Pleasant, SC-based company focused on reducing claim errors before payment.

Macquarie Group
Coastal Waste & Recycling
Undisclosed
Boca Raton, FL-based solid waste disposal and recycling company

Blackstone
CVent
$4.6B
Tysons, VA-based events and hospitality tech provider

Gauge Capital
Engine & Transmission Exchange
Undisclosed
Milwaukee, WI-based remanufacturer of aftermarket vehicle transmissions and other parts

Ares Management
Extreme Reach
Undisclosed
Dedham, MA-based creative logistics firm

Renovus Capital
F2 Strategy
Undisclosed
San Francisco, CA-based wealth management tech services firm

Penske Media Eldridge
Golden Globes Awards
Undisclosed
Hollywood, CA-based awards program for both American and international film and television

Capital Constellation
Greenbelt Capital Partners
Undisclosed
Austin, TX-based private equity firm

RC Capital
James River Cardiology
Undisclosed
Colonial Heights, VA-based cardiovascular care provider

WebMD
Limeade
$75M
Bellevue, WA-based employee experience company

DW Healthcare Partners
LKC Technologies
Undisclosed
Gaithersburg, MD-based maker of electrophysiology testing devices

ArcLight Capital Partners
Natural Gas Pipeline Co. of America
Undisclosed
Austin, TX-based natural gas pipeline company

Blackstone
New Tradition Media
Undisclosed
New York, NY-based owner and operator of digital and static signage

Guardian Capital Partners
Nwestco
Undisclosed
Kalispell, MT-based provider of fuel and car wash equipment and services

VSS Capital Partners
Olympus Cosmetic Group
Undisclosed
Jacksonville, FL-based cosmetic surgery and dermatology provider

Grovecourt Capital Partners
Premier Radiology Services
Undisclosed
Miami, FL-based provider of teleradiology services

Kohlberg & Co.
Riveron
Undisclosed
Dallas, TX-based business advisory focused on private equity and CFO offices.

Shore Capital
Roaming Hunger
Undisclosed
Los Angeles, CA-based provider of software for food trucks and catering companies

GTCR
Stelao
Undisclosed
Nashville, TN-based acquisition platform focused on enterprise software

Ardian
Tom Barrow Co
Undisclosed
Atlanta, GA-based provider of commercial HVAC solutions

Venture Capital Deals

Ten Eleven Ventures, Dorilton Capital, Generation Ventures StartFast Ventures, Trousdale Ventures
Blackbird.ai
$20M
Rochester, NY-based misinformation analysis platform

Innovius Capital, Threshold Ventures
CloudZero
$32M
Boston, MA-based cloud cost management startup

Goldman Sachs
Madhive
$300M
New York, NY-based provider of TV advertising software

Thrive Capital, Initialized Capital, Mayo Clinic
Medivis
$30M
New York, NY-based developer of AR surgical tools

Top Tier Capital Partners, Madrona Venture Group, Revolution Ventures, Sierra Ventures
Paro
$25M
Chicago, IL-based marketplace for freelance finance and accounting professionals

Koch Disruptive Technologies, Zimmer Partners, USVP, Delek US Holdings, Atento Capital, Spider Capital, Arkin Holding
Percepto
$67M
Austin, TX-based autonomous inspection and monitoring solution provider

Addition, USIT
Primer Technologies
$69M
San Francisco, CA-based AI startup focused on data analysis

TransUnion
Truework
$24M

Race Capital
Vectara
$28.5M
Cupertino, CA-based enterprise search startup

The Scherzer Deal Report: June 5-9, 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

$10B
Second senior direct-lending fund and parallel funds
 
San Francisco, CA
$180M
Debut fund

Private Equity Deals

Avem Partners
Undisclosed
Santa Ana, CA-based maker of aerostructures
 
Insight Partners
Undisclosed
Albany, NY-based provider of toll management and automation software for fleets
 
KKR
$1.6B
Burlington, MA-based maker of industrial flow control products
 
Manulife
$500M
New York, NY-based solar energy and storage developer
 
HCAP Partners
Undisclosed
San Luis Obispo, CA-based residential water-tech company
 
Monomoy Capital Partners Japs-OlsonUndisclosedSt. Louis Park, MN-based direct mail marketing firmBain Capital
Undisclosed
Mesa, AZ-based provider of aviation aftermarket materials and services
 
PSG
Undisclosed
Dallas, TX-based provider of health system and academic medical center analytics
 
Altas Partners
Undisclosed
Denver, CO-based wealth management firm
 
Apple
Undisclosed
Los Angeles, CA-based maker of augmented reality headsets
 
Blackford Capital
Undisclosed
Puerto Rico-based provider of industrial process automation solutions for pharma and life sciences manufacturers
 
Warburg Pincus
Undisclosed
Philadelphia, PA-based employee benefits platform
 
MidOcean Partners
Undisclosed
Chaska, MN-based maker of plant nutrition, animal nutrition, and food ingredient products
 
AE Industrial Partners
Undisclosed
Wichita, KS-based provider of MRO and FBO services to aviation and government customers

Venture Capital Deals

Bain Capital Life Sciences, TCGX, Wellington Management, Sofinnova Investments
$150M
Cambridge, MA-based biotech focused on treating a genetic cause of blindness.
 
Noro-Moseley Partners, Flare Capital Partners, Intermountain Ventures, University Hospitals Ventures, Hartford HealthCare, LocumTenens.com, Epsilon Health Investors, InHealth Ventures, AV8 Ventures, JumpStart Ventures, M25 Ventures
$20M
Cleveland, OH-based provider of clinical workforce tools
 
Arch Venture Partners, Deerfield Management, Google Ventures, Koch Disruptive Technologies, Alexandria Venture Investments
$145M
Palo Alto, CA-based developer of immunotherapies for cardiovascular disease
 
Bain Capital Tech Opportunities, Accel, Adelphi Capital Partners, Telecom Ventures, Pelican Ventures, WP Global Partners
$190M
Ellicott City, MD-based provider of cybersecurity solutions for SMBs
 
Ten Eleven Ventures, RPS Ventures, Mercury Fund, HPA
$15M
Ann Arbor, MI-based developer of detection and response tech
 
Memorial Hermann Health System, UnityPoint Health
$25M
San Francisco, CA-based clinical data company
 
General Catalyst, Lowercarbon, Exor Ventures, Kinnevik, Thrive Capital, Elad Gil
$100M
San Francisco, CA-based carbon removal startup
 
Bessemer Venture Partners, Initialized Capital, Brick & Mortar Ventures, Rainfall Ventures
$42M
Ventura, CA-based logistics platform for the construction industry
 
L’Oréal
$34M
San Diego, CA-based synthetic biology startup focused on beauty product ingredients.
 
Goldman Sachs, Leadwind, K Fund, Vivo Ventures, Kinea, G2D
$60M
Weston, FL-based integration platform-as-a-service startup
 
Point72 Private Investments, Koch Real Estate Investments, Golden Seeds, Navitas Capital, JLL Spark, DivcoWest
$35M
New York, NY-based conversational AI platform for real estate
 
Bessemer Venture Partners, Bain Capital Ventures, Clio, Scott Belsky, DCM, SignalFire, NFX, Gokul Rajaram
$50.5M
San Francisco, CA-based provider of AI support for personal injury lawyers,
 
NEA, Bain Capital Ventures
$45M
Mountain View, CA-based AI efficiency platform
 
Tribe Capital, Andreessen Horowitz, Spark Capital, NEA
$45M
San Francisco, CA-based social platform for business data
 
Westlake Village BioPartners, Versant Ventures, Osage University Partners, UF Innovate Ventures
$51M
San Diego, CA-based gene therapy startup
 
Eric Schmidt
$17M
Santa Monica, CA-based cross-border payments startup
 
S2G Ventures
$15M
New York, NY-based provider of physical recovery products and digital solutions
 
OMERS Ventures, Founders Fund, General Catalyst, Friends and Family Capital
$26M
Tampa, FL-based corporate financial decision-making platform
 
Ecovative Design
$15M
Green Island, NY-based developer of plant-based meats
 
Andreessen Horowitz, First Round Capital, SV Angel Operator Partners, Allen & Co., BoxGroup
$33M
New York, NY-based virtual maternal and infant health medical practice
 
PAGRK
$200M
Pearl River, NY-based generic pharma developer focused on complex injectables.
 
Moore Strategic Ventures, Booz Allen Hamilton
$83M
Rosslyn, a VA-based cybersecurity company focused on military platforms and transportation systems.
 
Energize Ventures, E14 Fund
$20M
New York, NY-based supply chain monitoring startup
 
Crestline Investors, Silversmith Capital Partners
$58.35M
Nashville, TN-based value-based specialty care provider
 
Enavate Sciences, Venrock, Bain Capital Life Sciences, Wellington Management, OrbiMed, Access Biotechnology, Decheng Capital, Altshuler Shaham Provident Funds, TCG X, HBM Healthcare Investments, Omega Funds, Samsara BioCapital
$200M
Waltham, MA-based developer of therapies to treat inflammation
 
Norwest Venture Partners, Pitango VC
$26M
Aliso Viejo, CA-based maker of medical devices for treating lumbar spinal stenosis
 
Mastry Ventures, AlleyCorp, AV8 Ventures, New York Ventures, HLM Venture Partners, Route 66 Ventures, VamosVentures, Social Innovation Fund
$20.2M
New York, NY-based provider of admin software for community health centers

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