The Scherzer Deal Report: May 27 – June 3, 2020

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

PE and VC Firms Fundraising Location Amount Description
Ardian Paris, France $19B Eighth private equity secondaries and co-investments funds
Francisco Partners San Francisco, CA $7.45B Sixth flagship buyout fund
Francisco Partners San Francisco, CA $1.5B Second mid-market fund
Francisco Partners San Francisco, CA $750M Opportunistic credit fund
KKR New York, NY $4B Dislocation fund
MassMutual Ventures Springfield, MA $100M Third fund

Private Equity Investors Company  Amount Description
Shamrock Capital Adweek Undisclosed New York-based ad industry publication
GTCR Captrust Financial Advisors Undisclosed Raleigh, NC-based registered investment advisor
Osceola Capital Central Medical Group Undisclosed Flanders, NJ-based provider of outsourced equipment management solutions for hospices
AE Industrial Partners Deep Space Systems Undisclosed Boca Raton, FL-based provider of payloads, systems, and components to the space industry
Thoma Bravo Exostar Undisclosed Herndon, VA-based information-sharing platform for highly-regulated industries
The Carlyle Group and T&D Holdings Fortitude Group Holdings $2.2B US-based reinsurer
Wellspring Capital Management Steele Solutions Undisclosed Franklin, WI-based provider of steel infrastructure for distribution, warehouse, and manufacturing facilities
LLR Partners TrueLearn Undisclosed Mooresville, NC-based provider of online study tools for medical licensing
H.I.G. Capital USALCO Undisclosed Baltimore, MD-based provider of clean water and alumina cemical solutions

Venture Capital Investors Company  Amount Description
Goldfinch Partners Vesta $125M Lake Oswego, OR-based fintech pioneer in fraud protection and fully guaranteed payment technologies
Alkeon, Spark Capital, Lux Capital, Iconiq Capital, Thrive Capital, Benchmark Benchling $50M San Francisco, CA-based life sciences R&D cloud platform
Abbot Labs, Smile Group, Quadrant Capital Advisors, Senvest Capital, Janus Henderson, Cormorant Asset Management Bigfoot Biomedical $55M Milpitas, CA-based developer of digital therapies for diabetes
FirstMark Capital, Accomplice, Seedcamp, Credo Ventures, Founders Future, LDV Capital Ezra $18M New York-based provider of early cancer screening solution
Illumina, General Atlantic, Viking Global Investors Gingko Bioworks $70M Boston, MA-based DNA design startup that is working on large-scale COVID-19 testing
Zebra Technologies Locus Robotics $40M Wilmington, MA-based developer of autonomous mobile robots for e-commerce fulfillment warehouses
Sequoia Capital and Kleiner Perkin Loom $23M San Francisco, CA-based video enterprise collaboration platform
CAM Capital, Samsara BioCapital, BVF Partners, Adams Street Partners, Opaleye Management, Ligand Pharma, Agent Capital, BioAdvance, Nolan Capital Palvella Therapeutics $45M Wayne, PA-based biotech focused on rare genetic diseases without approved treatments
Artis Ventures Tae Life Sciences $30M Foothill Ranch, CA-based radiation therapy startup
Threshold Ventures, Acme Ventures, Define Homebrew, Compound, John Doerr Tia Health $24M San Francisco, CA-based provider of women’s telehealth and clinical services
Finistere, Origin Ventures Tovala $20M Chicago, IL-based smart oven and meal service startup
Silver Lake, Riverwood Capital, Level Equity Vacasa $108M Portland, OR-based vacation rental management platform
Lux Capital Varient Bio $16M New York-based biotech that studies “the genes of people from understudied populations who are outliers for medically relevant traits,”
Gallatin Point Capital, The Rise Fund, TPG, Bono, Jeff Skoll, HarbourVest Partners, Progressive Insurance Varo Money $240M San Francisco, CA-based mobile banking app

June 5th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: May 20-27, 2020

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

PE and VC Firms Fundraising Location Amount Description
Apollo Global Management New York, NY $1.75B Third fund
Aquiline Capital Partners New York, NY $2B Fourth fund
Spectrum Equity Boston, MA and San Francisco, CA $1.5B Ninth flagship growth equity fund

Private Equity Investors Company  Amount Description
Aurora Capital Partners FMG Suite Undisclosed San Diego-based provider of digital marketing software to financial advisors
Bain Capital Tech Opportunities Hudl Undisclosed Lincoln, NE-based sports performance analysis platform
Waterland Private Equity IMC Undisclosed Chicago, IL-based provider of healthcare communications and consulting to the global pharma market
Apax Partners KAR Global $550M Carmel, IN-based vehicle remarketing site 

Venture Capital Investors Company  Amount Description
DTCP, Adams Street, eFounders, Draper Esprit, Balderton and NextWorld Aircall $65M New York-based developer of a cloud-based phone system
GIC, Viking Global Investors, Upfront Ventures, Tao Capital Partners, Rock Creek Group, Oprah Winfrey, and Katy Perry Apeel Sciences $250M Santa Barbara, CA-based developer of rot-reduction coatings for produce
Temasek, Anterra Capital, Formation8, Wilbur-Ellis Ascus Biosciences $46M San Diego, CA-based animal health and nutrition startup
Georgian Partners, FirstMark Capital, Norwest Venture Partners Bluecore $50M New York-based provider of marketing automation tools
Valence Life Sciences, Bering Capital, Mesa Verde Venture Partners, Sanderling Ventures CalciMedica $15M La Jolla, CA-based biotech focused on inflammatory diseases
General Catalyst, Inspired Capital, GGV Capital, Primary Venture Partners, Flybridge Capital, and BoxGroup Chief $15M New York-based social network for professional women in senior leadership positions
Aspen Capital Group, Oak HC/FT Partners Clara Analytics $25M Santa Clara, CA-based provider of AI tech to the commercial insurance market
Temasek and Equinor Commonwealth Fusion Systems $84M Cambridge, MA-based nuclear fusion startup
GPI Capital, Accel, Sorenson Capital, North Bridge Venture Partners, Glynn Capital, Adams Street Partners, Mayfield Couchbase $105M Santa Clara, CA-based NoSQL database
Canaan Partners, Atlas Venture, and Access Biotechnology Day One Biopharma $60M South San Francisco, CA-based drug startup focused on pediatric cancer
Perwyn Decibel $23M Boston and London-based digital experience analytics startup
Semapa Next, Hermes GPE, Evolution Equity Partners, Kibo Ventures, Portugal Ventures, Bynd VC, EDP Ventures, IronFire Ventures, Amazon Alexa Fund, Sony Innovation Fund, Mastercard DefinedCrowd $50.5M Seattle, WA-based startup that helps companies improve their AI services
Morgan Stanley and PeakSpan Capital Ecwid $42M San Diego, CA-based e-commerce platform for small businesse
Khosla Ventures Fernish $15M Los Angeles, CA-based online platform for renting high-end furniture
MUFG Innovation Partners Fundbox $20M San Francisco, CA-based B2B payments and credit network
Index Ventures, CRV and Trinity venture Gatsby $28M Berkeley, CA-based website developer platform
Babylon Health, 7Wire Ventures, Flare Capital Partners, Jumpstart Capital, Rush University Medical Center for Health, William Wrigley Jr. Higi $30M Chicago, IL-based health kiosk operator
Andreessen Horowitz, T. Rowe Price, BlackRock, Casdin Capital, HOF Capital, WuXi AppTec, Arch Venture Partners, Foresite Capital, GV, Third Rock Ventures, Two Sigma Ventures, Alexandria Venture Investments Insitro $143M South San Francisco, CA-based “machine-learning driven” drug discovery startup
Vistara Capital Partners, August Capital, Third Point Ventures, DCVC, Tahoma Ventures Kentik $23.5M San Francisco, CA-based network intelligence platform
Iron Mountain, 8VC, Upfront Ventures, Maywic Select Investments, Provenio Capital, Ten Eighty, CX Collective MakeSpace $45M New York-based on-demand physical storage company
Coatue Management, Vitruvian Partners, Visa, Goldman Sachs, 83North, Granite Ventures, Iconiq Capital Marqeta $150M Oakland, CA-based card issuing platform
Optum Ventures, Foresite Capital Management, and Arch Venture Partners were joined by return backers General Catalyst, What If Ventures, 8VC, and Bezos Expedition Mindstrong Health $100M Mountain View, CA-based digital therapeutic platform for serious mental health conditions
Andreessen Horowitz led, and was joined by 8VC, SV Angel, Allen & Co. Octant $30M Emeryville, CA-based synthetic biology multi-target drug discovery startup
Baird Capital, Oak HC/FT, McKesson Ventures, and The Blue Venture Fund Oncology Analytics $28M Atlanta, GA-based provider of data analytics for oncology services groups
Gallatin Point Capital, Greycroft, SVB Capital, Aspect Ventures, Elefund, Sirius International Insurance Group Pie Insurance $100M Washington, DC-based workers’ comp insurer
Atlas Venture, OrbiMed, Abingworth, Sanofi Ventures, University of Colorado, and Children’s Hospital Colorado Center for Innovation Q32 Bio $46M Cambridge, MA-based biotech focused on immune regulation
Spark Capital, Fifth Wall, Energy Impact Partners, the Amazon Alexa Fund, Bain Capital Ventures, and RET Ventures SmartRent $60M Scottsdale, AZ-based provider of smart home automation solutions
Forestay Capital Wasabi $30M Boston, MA-based cloud storage startup

May 29th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: May 13-20, 2020

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

PE and VC Firms Fundraising Location Amount Description
Cathay Innovation Shanghai, San Francisco and more $550M Second global VC fund
Fintop Capital Nashville, TN $126M Second fund
Rubicon Technology Partners Boulder, CO $1.25B Third fund
EIG Global Energy Partners Washington, DC $1.1B Fifth fund
Cohere Capital Partners Boston, MA $200M Debut fund
Cowen Healthcare Investments New York, NY $493M Third fund
Eos Venture Partners London, England $58M VC fund
MBK Partners Seoul, Korea $6.5B Fifth North Asia-focused private equity fund
Goldman Sachs Asset Management New York, NY $2.75B Second real estate secondaries fund
Founder Collective Cambridge, MA $85M Fourth seed-stage fund

Private Equity Investors Company  Amount Description
ArchiMed ActiGraph Undisclosed Pensacola, FL-based developer of wearable remote monitors for drug trials
iCapital Network, KKR, Aquiline Capital Partners, Genstar Capital, Thiel Capital Artivest Undisclosed New York-based online platform for investing in private equity and hedge funds
Clayton Dubilier & Rice Radio Systems Corp. Undisclosed Knoxville, TN-based maker of electric fences and other pet products
Lion Capital  REX $25M Austin, TX-based licensed residential real estate brokerage using AI and big data
Newlight Partners Zing Health Undisclosed Chicago, IL-based Medicare Advantage HMO plan

Venture Capital Investors Company  Amount Description
GIC, Sequoia Capital, Benchmark, Battery Ventures, IVP, Lead Edge Capital Amplitude $50M San Francisco, CA-based product intelligence startup
Sofinnova Venture Partners, Pfizer, Adage Capital Management Amplyx Pharma $53m San Diego, CA-based developer of treatments for life-threatening fungal infections
Allianz X, Takeda Amwell $194M Boston, MA-based telehealth
Alpha Edison, UBS O’Connor Capital Solutions, DNS Capital, Radicle Impact, Sutter Rock, Jeff Skoll, Joseph Sanberg, Social Impact Finance, the Pohlad Companies, AGO Partner Aspiration $135M Los Angeles, CA-based financial advisory services
Bain Capital Life Sciences, RA Capital Management, Perceptive Advisors, Rock Springs Capital, Adage Capital Management, T. Rowe Price, Redmile Group, Omega Funds, Morningside Ventures, Cormorant Asset Management, Ally Bridge Group, Sectoral Asset Management Atea Pharma $215M Boston, MA-based biotech focused on viral infections like COVID-19
Warburg Pincus, Bain Capital Ventures, Accel, Greycroft Partners, Flybridge Capital Partners, New Amsterdam Growth Capital, BetterCloud $75M New York-based operations management platform
Accel, Upfront Ventures, Ryan Smith Bevy $15M Palo Alto, CA-based provider of customer marketing SaaS for brands
DST Global, Lone Pine Capital Brex $150M San Francisco, CA-based corporate credit card company focused on startups
Redmile Group, Wing VC, Menlo Ventures, Tyson Ventures, Khosla Ventures, GV, Felicis Ventures, HBM Genomics Clear Labs $18M Menlo Park, CA-based next-generation-sequencing (NGS) diagnostics platform
Valor Equity Partners, Greyhound Capital, Felicis Ventures Coalition $90M San Francisco, CA-based cybersecurity insurance startup
Icon Ventures, Lightspeed Venture Partners, John W. Thompson, Lane Bess Confluera $20M Palo Alto, CA-based automated cyberattack response startup
Access Industries, Andreessen Horowitz DigitalOcean $50M New York-based “cloud for developing modern apps”
Madrona Venture Group, SEEK, Salesforce Ventures, M12, Our Innovation Fund $40M San Francisco, CA-based enterprise learning platform
Adams Street Partners,  Javelin Venture Partners, LiveOak Venture Partners Homeward $20M Austin, TX-based home buying and selling platform
S.R. One, Tekla Capital Management, MRL Ventures Fund, Solasta Ventures, Brace Pharma, Atlas Ventures, Sofinnova Partner HotSpot Therapeutics $65M Boston, MA-based developer of allosteric therapies
Viola Ventures, TLV Partners Immunai $20M New York-based immune system mapping startup
Insight Partners, Norwest Venture Partners Imperfect Foods $72M San Francisco, CA-based online food marketplace aimed at reducing food waste
Updata Partners, TDF Ventures, Integr8ted Capital Liongard $17M Houston, TX-based unified automation platform for managed service providers
Fidelity, 01 Advisors, Owl Ventures, Atomico, IVP, NEA, NextEquity Partners MasterClass $100M San Francisco, CA-based online course company
Vulcan Capital, Perceptive Advisors, Bezos Expeditions, Defy Partners, AME Cloud Ventures, Andreessen Horowitz, Bolt, Madrona Venture Group Nautilus Biotech $76M San Carlos, CA-based platform for analyzing and quantifying the human proteome
TKS1 ObvioHealth $17M Orlando, FL-based virtual health research organization
Bain Capital Double Impact, Catalyst Investors, New Markets Venture Partners, Catamount Ventures PresenceLearning $27M New York-based provider of live online special education services for K-12 schools
Ally Bridge, Endeavour Vision, Bain Capital Life Sciences, Longitude Capital Rapid Micro Biosystems $120M Lowell, MA-based developer of microbial detection tech for biopharma manufacturing
Novator, General Catalyst Rebag $15M New York-based luxury handbag marketplace
AllianceBernstein, Franklin Templeton, General Atlantic, Sands Capital Management, Warburg Pincus, mAndreessen Horowitz, General Catalyst, Dragoneer, Tiger Global Management Samsara Networks $400M San Francisco, CA-based provider of IoT sensors and cameras
S2G Ventures, Cultivian Sandbox, Fall Line Capital, Cavallo Ventures, Syngenta Ventures Sound Agriculture $22M Emeryville, CA-based developer of plant breeding solutions
Scale Venture Partners, Zigg Capital, Bessemer Venture Partners Spruce $29M New York-based provider of real estate transaction processing software
Temasek, GV, Illumina Ventures, Invus, JDRF T1D Fund, NanoDimension, Polaris Partners SQZ Biotech $65M Watertown, MA-based cell therapy
Greenspring Associate States Title $123M San Francisco, CA-based automation platform for real estate closings
Activant Capital, Sequoia Capital, Khosla Ventures Truework $30M San Francisco, CA-based consumer identity platform
HighBar Partners, Benhamou Global Ventures Virtana $15M San Jose, CA-based hybrid cloud migration and optimization startup

May 22nd, 2020|Scherzer Deal Report|

The Scherzer Deal Report: May 6-13, 2020

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

PE and VC Firms Fundraising Location Amount Description
Energy Spectrum Capital Dallas, TX $969M Eighth fund
NextGen Venture Partners Austin, TX $52M Second fund
Thayer Ventures San Francisco, CA $80M Third fund

Private Equity Investors Company  Amount Description
ClearLight Partners  ICS Undisclosed Endicott, NY-based provider of IT managed services
Francisco Partners Eventbrite $225M San Francisco-based self-service ticketing and experience technology platform
Hull Street Energy Gauley River Power Partners Undisclosed West Virginia-based operator of a hydroelectric-generating facility 
Thompson Street Capital Partners Pkware Undisclosed Milwaukee, WI-based provider of data security software
Clayton Dubilier & Rice Radio Systems Corp. Undisclosed Knoxville, TN-based maker of electric fences and other pet products
Parthenon Capital RxSense Undisclosed Cumming, GA-based provider of pharmacy benefit management solutions
Melody Investment Advisors Uniti Group Undisclosed Little Rock, AR-based wireless towers unit
Atlantic Street Capital Zips Car Wash Undisclosed Little Rock, AR-based car wash operator

Venture Capital Investors Company  Amount Description
DCVC Carbon Health $26M San Francisco-based mobile connected health care network
Spectrum Equity DispatchTrack $144M San Jose, CA-based provider of last-mile logistics solutions
CapitalG, Battery Ventures, Greycroft, Index Ventures, Paladin Capital Group, Scale Venture Partners Expel $50M Herndon, VA-based managed security platform
Avon Ventures, Coinbase Ventures, Lightspeed Venture Partners, Flybridge, Accel, Fenbushi, Accomplic FalconX $17M San Mateo, CA-based crypto trading service
M12, Tiger Global, Boldstart Ventures, Comcast Ventures, Eniac Ventures, Lightspeed Venture Partners FortressIQ $30M San Francisco-based startup focused on imitation learning for process automation
QVT, Dexcel Pharma, Foresite Capital, Bluebird Ventures, Narya Capital, Amplo, Paul Manning, Asia Alpha Kriya Therapeutics $80.5M Palo Alto, CA-based gene therapy startup
Intel Capital, Sequoia Capital, Redpoint Ventures, In-Q-Tel, XSeed Capital Lilt $25M San Francisco-based provider of enterprise translation software
Intel Capital, Cisco Investments, NetApp, SK hynix, Gaorong Capital, Glory Ventures, Jerusalem Venture Partners, LDV Partners, Lightspeed Venture Partners and Northern Light VC MemVerge $19M Milpitas, CA-based developer of memory machine software
Lupa Systems, Advance Venture Partners Morning Consult $31M New York-based data intelligence firm
Bpifrance, Cathay Innovation, MACSF, GV, F-Prime Capital, Eight Roads Owkin $25M New York-based collaboration platform for health care R&D
Brighton Park Capital Paradox $40M Scottsdale, AZ-based chatbot for HR and talent teams
ORI Healthcare Fund Pillar Biosciences $29.7M Natick, MA-based cancer diagnostics company
General Atlantic Quizlet $30M San Francisco-based provider online study tools
LS Polaris Innovation Fund, Droia Ventures, Mission BioCapital, INKEF Capital, the Dementia Discovery Fund QurAlis $42M Cambridge, MA-based developer of precision therapeutics for ALS and other neurologic diseases
Insight Partners Semperis $40M New York-based provider of enterprise “cyber resilience” solutions
Dell Technologies Capital, Amplify Partners, Wing VC, NanoDimension Capital SiMa $30M San Jose, CA-based machine learning startup focused on low-power computer vision processing
Andreessen Horowitz Sleeper $20M San Francisco-based social gaming platform for sports and e-sports
KKR, GGV Capital Slice $43M New York-based ordering and marketing tech platform for local pizzerias
Insight Partners, Emergence Capital, Battery Ventures, YC, Mucker Capital, and Fundersclub UpKeep $36M Los Angeles-based provider of enterprise maintenance management software
T. Rowe Price, Perry Creek Capital, Fidelity Waymo $750M Mountain View, CA-based self-driving car unit of Alphabet

May 15th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: April 29 – May 6, 2020

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

PE and VC Firms Fundraising Location Amount Description
Ara Partners Houston, TX $400M Debut fund
Autotech Ventures Menlo Park, CA $150M Second fund
Metropolitan Partners Group Management New York, NY $240M Sixth fund
Oberland Capital New York, NY $1.05B Health care royalties fund
Partners for Growth San Francisco, CA $325M Sixth specialty lending fund focused on growth companies
Runa Capital Menlo Park, CA $157M Third fund

Private Equity Investors Company  Amount Description
Bregal Sagemount Corcentric $80M Cherry Hill, NJ-based provider of business spend management software
Triangle Digital Ventures Covideo Undisclosed Indianapolis, IN-based provider of video messaging software
Astra Capital Management DartPoints Undisclosed Dallas, TX-based owner and operator of edge colocation data centers
Cove Hill Partners  Kalkomey Undisclosed Dallas, TX-based provider of online recreational safety education and agency management software
Macquarie Multifuels Midstream Group Undisclosed Houston, TX-based differentiated power and utility infrastructure company focused on lateral natural gas pipelines and related asset
L Catterton  Norwegian Cruise Line Holdings $400M Global cruise line
BV Investment Partners StraighterLine Undisclosed Baltimore, MD-based online secondary education course platform
Sole Source Capital  Supply Chain Services Undisclosed Oakdale, MN-based provider of automatic identification and data capture and factory automation solutions

Venture Capital Investors Company  Amount Description
John Chambers and John Doer ASAPP $185M New York-based maker of call center software
Altimeter Capital, Bond Capital, Benchmark, GV, Index Ventures, Redpoint Ventures, Sequoia Capital, Tiger Capital Cockroach Labs $86.6M New York-based distributed SQL database
Index Ventures, Radical Investments, Amplify Partners Covariant $40M Berkeley, CA-based developer of autonomy solutions for industrial robotics
Northgate Capital, Norwest Venture Partners, Four Rivers Group Dtex $17.5M San Jose, CA-based provider of endpoint security software
PSP Investments, CPP Investments, Illumina Grail $390M Menlo Park, CA-based cancer detection company
GreatPoint Ventures, Autotech Ventures, Argean Capital, Monta Vista Capital KlearNow $16M Santa Clara, CA-based digital customers clearance platform
Uber, Alphabet, Bain Capital Ventures, GV Lime $170M San Francisco, CA-based e-scooter company
Bain Capital Ventures, Raine Ventures, Barry Sternlicht Material Bank $28M New York-based architecture and design marketplace
GSR Ventures, PPD Inc. Medable $25M Palo Alto, CA-based platform for decentralized clinical trials
GGV Capital, YL Ventures, SVCI Orca Security $20M Los Angeles, CA-based cybersecurity startup focused on cloud vulnerabilities
SK Holdings, Avis Budget Group, Alliance Ventures, Bessemer Venture Partners Otonomo $46M Israeli automotive data services platform
Ally Bridge Group, Adage Capital Management, HealthQuest Capital, Partner Fund Management, Rock Springs Capital Pulmonx $66M Redwood City, CA-based developer of minimally invasive treatments for severe emphysema
Sequoia Capital, NEA, Ribbit Capital, 9Yards Capital, Unusual Ventures Robinhood $280M Menlo Park, CA-based financial services company
Vickers Venture Partners, Flint Hills Resources, CPV/CAP Pensionskasse Coop & International, Eversource Retirement Plan Master Trust, WI Harper Group RWDC Industries $133M Athens, GA-based bioplastics manufacturing startup
Riverwood Capital Sensor Tower $45M San Francisco, CA-based mobile app market intelligence firm
Versant Ventures, GV Ventus Therapeutics $60M Massachusetts and Montreal-based immunology startup

May 7th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: April 22-29, 2020

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

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

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

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

May 1st, 2020|Scherzer Deal Report|

The Scherzer Deal Report: April 15-22, 2020

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

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

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

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

April 24th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: April 8-15, 2020

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

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

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

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

April 16th, 2020|Scherzer Deal Report|

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

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

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

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

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

April 10th, 2020|Scherzer Deal Report|

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

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

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

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

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

April 2nd, 2020|Scherzer Deal Report|