The Scherzer Deal Report: April 28 – May 2, 2025
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
Sign up: Get private equity and venture capital deals delivered to your inbox every week!
Fundraising for PE & VC Funds
Allied Industrial Partners
$300M
Debut fund
Apollo
$5.4B
First PE secondaries fund
dao5
$222M
Second fund
Escalate Capital Partners
$350M
Fifth fund
FPV Ventures
$525M
Second fund
Smith Point Capital
$360M
Debut fund
StepStone Group
$705M
Fourth growth equity fund
Uncork Capital
$300M
Eighth seed fund ($225M) and fourth growth fund ($75M)
Private Equity Deals
Banneker Partners
Arkieva
Undisclosed amount
Wilmington, DE-based provider of supply chain planning software
NOVA Infrastructure
DartPoints
Undisclosed amount
Dallas, TX-based data center solutions provider
HGGC
Equity Methods
Undisclosed amount
Scottsdale, AZ-based stock compensation advisory company
Apex Capital
Juanita’s Foods
Undisclosed amount
Wilmington, CA producer of Mexican food products
Clearlake Capital
ModMed
Undisclosed amount
Boca Raton, FL-based provider of medical practice SaaS
Kohlberg & Co.
RESA Power
Undisclosed amount
Houston, TX-based electrical power services provider
Evergreen
The Vested Group
Undisclosed amount
Plano, TX-based NetSuite solutions provider
Sky Peak Capital
TriStar Plastics
Undisclosed amount
Shrewsbury, MA-based provider of engineered plastic solutions and self-lubricating bearings
Venture Capital Deals
Bain Capital Ventures, Salesforce Ventures, Insight Venture Partners, Meritech, and Venrock
Astronomer (dba Astro)
$93M
New York, NY-based unified data ops platform
Insight Partners, Afore Capital, Crossbeam Venture Partners, and Metrodora Ventures
Blooming Health
$26M
New York, NY-based social services and health care coordination network
Viking Global Investors, Ten Coves Capital, Ankona Capital, Pelion Venture Partners, and Tenaya Capital
Canopy
$70M
Draper, UT-based provider of accounting software
G2 Venture Partners, SoftBank, Aglaé Ventures, Cota Capital, Hedosophia, Creandum, and Vintage Investment Partners
Cast AI
$108M
Miami, FL-based Kubernetes automation platform
Mainsail Partners
ChiroHD
$26M
Marietta, GA-based practice management system for chiropractors
Bessemer Venture Partners, 9Yards Capital, Sozo Ventures, a16z, South Park Commons, Strategic Cyber Ventures, and Script Capital
Doppel
$35M
San Francisco, CA-based social engineering defense platform
Notable Capital, Neo, Sandberg Bernthal Venture Partners, Peak6 Strategic Capital, and Correlation Ventures
Dub
$30M
New York, NY-based copy trading app
Ecosystem Integrity Fund, AlleyCorp, Alumni Ventures, Amazon Climate Pledge Fund, Cox Exponential, Elysium, New Enterprise Associates, One Small Planet, Overlap Holdings, Overture, VSC Ventures, and Working Capital Fund
Glacier
$16M
San Francisco, CA-based maker of recycling robots
Notable Capital and Coefficient Capital
Gorgie
$24.5M
Boca Raton, FL-based better-for-you energy drink
S2G Investments, Cibus Capital, Lowercarbon Capital, Otter Creek, iSelect, and Jeff Ubben
Growers Edge
$25M
Johnston, IA-based fintech for agricultural retailers, manufacturers, and lenders
Mayfield and Cisco Investments
Gruve.ai
$20M
Redwood City, CA-based AI deployment and measurement platform
MK Capital, Tamarind Hill, JobsOhio, and Rev1 Ventures
HealthPlan Data Solutions
$15M
Columbus, OH-based pharmacy analytics startup
SOSV, Amazon’s Climate Pledge Fund, Breakthrough Energy Fellows, Alexandria Venture Investments, AgriZeroNZ, Twynam, Good Growth Capital, and Ponderosa Ventures
Hoofprint Biome
$15M
Raleigh, NC-based developer of solutions for reducing cattle methane emissions
YL Venturesand Mayfield
Minimus
$51M
Newbury Park, CA-based application security startup
Bold Capital Partners, USAA, Climate Capital, Gaingels, River Park Ventures, Crosslink Capital, Third Sphere, and Draper Associates
Near Space Labs
$20M
Brooklyn, NY-based high-rez Earth imaging startup
Paradigm, Together AI, Distributed Global, North Island Ventures, Delphi Digital, and Solana co-founder Raj Gokal
Nous Research
$65M
Saratoga, CA-based open-source AI lab
Sequoia Capital, Spark Capital, Founders Fund, Index Ventures, Human Capital, Foundation Capital, and Susa Ventures
Nuvo
$34M
San Francisco, CA-based B2B network for physical goods
Radical Ventures, Village Global, Schematic Ventures, and Lerer Hippeau
P-1 AI
$23M
San Francisco, CA-based engineering AI for physical systems
Escape Velocity, Builders Vision, Yamaha Motor Ventures, M Power, and Sumitomo Corp
Phoenix Tailings
$33M
Burlington, MA-based developer of rare earths from mining waste
Arena Holdings, Mitchell Rales, Notable Capital, Bessemer Venture Partners, TQ Ventures, and Susa/Kivu Ventures
Plenful
$50M
San Francisco, CA-based provider of health care workflow automation tools
Thrive Capital, JPMorgan, Tiger Global, Khosla Ventures, and BoxGroup
Rogo
$50M
New York, NY-based generative AI startup focused on financial services
TomEnterprise
Sennos
$15M
Durham, NC-based provider of sensing, analytics and automation solutions for fluidics and fermentation
Sapphire Ventures, Mayfield, and Thomson Reuters Ventures
Supio
$60M
Seattle, WA-based legal AI platform for personal injury and mass tort plaintiff law firms
Accel, Meritech Capital, Eclipse, Riot Ventures, Menlo Ventures, 645 Ventures, ACME Capital, Space VC, Champion Hill Ventures, and Narya
True Anomaly
$260M
Centennial, CO-based developer of autonomous spacecraft and software for U.S. national security
Renown Capital Partners, Quanta, Keyframe Capital, and Nvidia
Utilidata
$60M
Providence, RI-based maker of smart meters
NEA, Atlassian Ventures, Workday Ventures, Snowflake Ventures, Accel, GV, True Ventures, Norwest, Ballistic Ventures, JPMorgan, and Blackstone
Veza
$108M
Redwood Shores, CA-based identity security startup
Sageview Capital
Zoe
$29.6M
New York, NY-based platform for connecting RIAs with investors
The Scherzer Deal Report: April 21-25, 2025
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
Sign up: Get private equity and venture capital deals delivered to your inbox every week!
Fundraising for PE & VC Funds
CIV
$200M
Debut fund
Fluent Ventures
$40M
Debut fund
LLR Partners
$2.45B
Seventh flagship midmarket PE fund
RockawayX
$125M
Early-stage crypto VC fund
Venture Guides
$262.5M
Second fund
Private Equity Deals
Littlejohn Capital
3P Processing
Undisclosed amount
Wichita, KS-based provider of metal processing and finishing solutions to aerospace
Argand Partners
Ballet Makers
Undisclosed amount
Totowa, NJ-based dance apparel brand
Truelink Capital
Channel Factory
Undisclosed amount
Beverly Hills, CA-based adtech company
TPG and Temasek
Cliffwater
Undisclosed amount
Marina del Rey, CA-based alternative investment adviser and fund manager
Ares
Epika Fleet Services
Undisclosed amount
Nashville, TN-based provider of preventative maintenance and repair services for commercial trucking fleets.
Coral Tree Partners
Innovative Artists
Undisclosed amount
Santa Monica, CA-based talent agency
MPE Partners
Intermatic
Undisclosed amount
Spring Grove, IL-based maker of electrical and mechanical controls
Lightyear Capital
King Risk Partners
Undisclosed amount
Gainesville, FL-based retail brokerage
Kanbrick
LTI
Undisclosed amount
Hatfield, PA-based provider of materials testing and calibration services
Waud Capital Partners
MedTec
Undisclosed amount
Buffalo Grove, IL-based provider of in-home care and adult day services
Serent Capital
PlotBox
Undisclosed amount
Boston, MA-based provider of cemetery, crematory, and funeral home management software
Creator Partners and Servco
Reverb
Undisclosed amount
Chicago, IL-based online marketplace for musical instruments and equipment
AEA Investors
Splash Car Wash
Undisclosed amount
Milford, CT-based 65 car wash locations in the Northeast
TZP Group and GCP Capital Partners
Superscapes
Undisclosed amount
Carrollton, TX-based lawn care company
Venture Capital Deals
Derayah Financial, 850 Management, National Investments Company Kuwait, Unbound, and Portage Ventures
Alpaca
$52M
San Mateo, CA-based developer of a stock-trading
APIGIC, Salesforce Ventures, Geodesic Capital, Baillie Gifford, Carson Family Office, and Iconiq Growth
Altruist
$152M
Culver City, CA-based provider of custodian software for RIAs
Cheyenne Ventures, Ballistic Ventures, IBM, Black Opal Ventures, K2 Access Fund, Jefferies Family Office, Silver Buckshot Ventures, and Blu Venture Investors
AuthMind
$19.3M
Bethesda, MD-based identity protection startup
Alpha Wave Ventures, RiverVest Venture Partners, AXA IM Alts, LifeSci Venture Partners, M Ventures, Hikma Ventures, Aphelion Capital, and Taisho Pharma
Biolinq
$100M
San Diego, CA-based developer of wearable glucose monitoring devices for Type 2 diabetes
Kleiner Perkins, IVP, Salesforce Ventures, Datadog Ventures, Sequoia Capital, Spark Capital, Amplify, Redpoint Ventures, Lightspeed, and Mantis VC
Chainguard
$356M
Kirkland, WA-based open source security startup
M Ventures, Rhapsody Venture Partners, Intel Capital, Pangaea Ventures, Foothill Ventures, In-Q-Tel, and TEL VC
ChEmpower
$18.7M
Beaverton, OR-based semiconductor materials startup
Felicis and Georges Harik
Deep Infra
$18M
Palo Alto, CA-based provider of AI model inference services
Capricorn Investment Group and Temasek
Electra
$186M
Boulder, CO-based green iron startup
DFJ Growth, Salesforce Ventures, Lightspeed Venture Partners, Coatue, Dell Technologies Capital, Section 32, and Citi Ventures
Endor Labs
$93M
Palo Alto, CA-based software supply chain security company
Felicis, a16z, 8090 Industries, Starwood Capital, Thrive Capital, and MCJ Collective
Exowatt
$35M
Miami, FL-based solar storage startup
Thrive Capital, Insight Partners, Forerunner Ventures, and Heartcore Capital
Fora
$40M
New York, NY-based travel agent startup
DCVC Bio, Eli Lilly, nVivium Capital, Walder Ventures, Gradiant Corporation, and Mansueto Investments
Grove Biopharma
$30M
Chicago, IL-based biologics company
Key1 Capital, Fin Capital, Glilot Capital Partners, and Group11
Healthee
$50M
New York, NY-based health benefits navigation startup
Natural Ventures and Burnt Island Ventures
Irrigreen
$19M
Edina, MN-based developer of ultra-precise lawn sprinklers
Sequoia Capital
Listen Labs
$27M
San Francisco, CA-based autonomous user interview tool
Summit Partners
Manychat
$140M
New York, NY-based provider of customer and e-commerce service automation for brandsa
16z and Alpine Space Ventures
Northwood Space
$30M
El Segundo, CA-based developer of shared infrastructure for satellite backhaul
JPMorgan Private Capital, Thrive Capital, Index Ventures, YC, Maverick Ventures, BoxGroup, Atomico, G Squared, and Pinegrove
Nourish
$70M
New York, NY-based provider of nutrition counseling
Allstate Strategic Ventures, Blue Bear Capital, Solidigm, Massive, Zelkova, and Northwestern Mutual
Ocient
$42.1M
Chicago, IL-based provider of data analytics software
B Capital, Marunouchi Innovation Partners, BNP Paribas, Citi Impact Fund, Alumni Ventures, Activate Capital, Liberty Mutual Investments, National Grid Partners, and Wind Ventures
Omnidian
$87M
Seattle, WA-based solar energy monitoring and maintenance startup
Overwater Ventures and GV
Overture Life
$20.6M
New York, NY-based IVF automation startup
Redpoint Ventures and Datadog Ventures
Push Security
$30M
Boston, MA-based identity threat detection startup
Redseed, Insight Partners, Zeev Ventures, Boldstart, and Angular Ventures
Reco
$25M
Miami, FL-based SaaS security startup
Benchmark, First Round Capital, YC, and BoxGroup
Reducto
$24.5M
San Francisco, CA-based startup that helps LLMs read documents
Altos Ventures, SemperVirens, Greycroft, Definition, and Better Tomorrow Ventures
Salsa
$20M
New York, NY-based provider of embedded payroll infrastructure to SaaS
Key1 Capital, Bessemer Venture Partners, Zeev Ventures, Standard Investments, and Munich Re Ventures
Sentra
$50M
New York, NY-based data security platform
SYN Ventures and Peak XV Partners
SquareX
$20M
Palo Alto, CA-based browser detection and response startup
Two Sigma Ventures, Clocktower Technology Ventures, Belfer Investment Partners, Belfer Investment Partners, Nine Four Ventures, and Matrix Partners
Steadily
$30M
Austin, TX-based provider of landlord insurance
Forerunner, Day One Ventures, Susa Ventures, Long Journey Ventures, Family Fund, Opal Ventures, Valia Ventures, Visible Ventures, Vanessa Hudgens, Steve Aoki, and Giannis Antetokounmpo
Superpower
$30M
Los Angeles, CA-based health early detection app
Pantera Capital and Coinbase Ventures
Symbiotic
$29M
Wilmington, MA-based universal staking infrastructure startup
Playground Global and Godfrey Capital
Synthetic Design Lab
$20M
Burlingame, CA-based developer of antibody-drug conjugates
Hack VC, Anthos Capital, Manifold Trading, Mirana Ventures, and Metalayer Ventures
Theo
$20M
New York, NY-based trading infrastructure startup
The Scherzer Deal Report: April 14-18, 2025
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
Sign up: Get private equity and venture capital deals delivered to your inbox every week!
Fundraising for PE & VC Funds
11 Tribes Ventures
Chicago, IL
$46M
Second fund
Crayhill Capital Management
$1.31B
Third flagship fund
Founders Fund
$4.3B
Third growth equity fund
Galaxy Ventures
$150M
Debut fund
Linden Capital Partners
$5.4B
Sixth, healthcare-focused buyout fund
Manulife Investment Management
$660M
Third PE fund
Morgan Stanley Investment Management
$2.3B
Third PE co-investment fund
Sprig Equity
$50M
Debut growth equity fund
Private Equity Deals
Stonepeak
Air Transport Services Group
Undisclosed amount
Wilmington, OH-based aircraft leasor and cargo transport company
TPG
Altus Power
$2.2B
Stamford, CT-based owner of commercial-scale solar in the US
Revelstoke Capital Partners
AOM Infusion
Undisclosed amount
Fort Worth, TX-based infusion provider focused on chronic therapy management
Bertram Capital
Applied Products
Undisclosed amount
Minnetonka, MN-based maker of adhesive solutions
Ember Infrastructure
Caban
Undisclosed amount
Plano, TX-based on-site power provider
Rotunda Capital Partners
Capital Machine Technologies
Undisclosed amount
Tampa, FL-based provider of provider of metal fabrication machinery
BayPine
CenExel
Undisclosed amount
Salt Lake City, UT-based clinical trials firm
Stonepeak
Dupré Logistics
Undisclosed amount
Lafayette, LA-based transportation and logistics company
Northleaf Capital Partners and Ares Management
GoldState Music
Undisclosed amount
New York, NY-based music rights investment platform
ArcLight Capital Partners
Kleen Power
Undisclosed amount
Middletown, CT-based natural gas-fired power plant for the New England market
Mill Point Capital
Koozie Group
Undisclosed amount
Clearwater, FL-based promotion products manufacturer
Ampersand Capital Partners
Lexington Medical
Undisclosed amount
Bedford, MA-based developer of minimally-invasive surgical stapling solutions
Patient Square Capital
Patterson Cos.
Undisclosed amount
St. Paul, MN-based dental and animal health products distributor
New Mountain Capital, Transformation Capital, Flare Capital Partners, Floodgate, Bessemer Venture Partners, and Refract Ventures
SmarterDx
Undisclosed amount
New York, NY-based revenue cycle management company
TZP Group
Superscapes
Undisclosed amount
Carrollton, TX-based commercial landscaper
Venture Capital Deals
First Round Capital, Chemistry, and Quiet Capital
Assort Health
$22M
San Francisco, CA-based provider of voice AI agents for health care
Deep Track Capital, Vida Ventures, Sanofi Ventures, and Mirae Asset Capital Life Science
Attovia Therapeutics
$90M
San Carlos, CA-based biotech focused on autoimmune diseases
StepStone Group, Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, Mayfield, MARA Holdings, and GSBackers
Auradine
$153M
Santa Clara, CA-based blockchain and AI infrastructure company
Stripes, XYZ Venture Capital, Susa Ventures, Addition, Narya Capital, and Maverick Ventures
Chapter
$75M
New York, NY-based Medicare navigation company
Lux Capital, Altman Capital, Haystack Ventures, Sunflower Capital, Humba Ventures, Also Capital, Forward Deployed VC, and Abstract Ventures
ConductorAI
$15M
Biddeford, ME-based provider of government approvals software
Lowercarbon Capital, Liberty Mutual Strategic Ventures, MassMutual Ventures, OMERS Ventures, Acrew Capital, Giant Ventures, a16z, Ardent Venture Partners, CIV, New System Ventures, and The Three Cairns Group
Crux Climate
$50M
New York, NY-based provider of financing software for clean energy companies
Theory Ventures
Doss
$18M
San Francisco, CA-based ERP and data platform
Khosla Ventures, Mayfield, and Thomvest Ventures
Exaforce
$75M
San Jose, CA-based agentic security ops startup
Airbus Ventures
Fourier
$18.5M
Menlo Park, CA-based hydrogen producer
CTI Life Sciences Fund, abrdn, Advent Life Sciences, Novo Holdings, Sanofi Ventures, Abingworth, RiverVest Venture Partners, Sanderling Ventures, Chiesi Ventures, Remiges Ventures, and Asahi Kasei Ventures
Glycomine
$115M
San Carlos, CA-based biotech focused on orphan diseases
Menlo Ventures, Lightspeed, B Capital, and Anthrolpic
Goodfire
$50M
San Francisco, CA-based AI interpretability research company
Altimeter Capital and ARK Invest
Hammerspace
$100M
San Mateo, CA-based data platform for AIHealth
Quest Capital, Bon Secours Mercy Health, UCHealth, OSF Ventures, and LRVHealth
Hellocare
$47M
Clearwater, FL-based virtual care platform
Comvest Partners, Barings, and RedBird Capital Partners
iCreditWorks
$60M
Iselin, NJ-based point-of-sale lending startup
Sixth Street Growth, Bank of America, Morgan Stanley, UBS, and TD Bank Group
Luma
$63M
Cincinnati, OH-based provider of structured products and insurance solutions
General Catalyst, Amazon’s Climate Pledge Fund, and Temasek
Mainspring Energy
$258M
Menlo Park, CA-based maker of linear generators
Thrive Capital
Revel Systems
$23M
San Francisco, CA-based software platform for hardware development
Align Ventures and Booz Allen Ventures
Scout AI
$15M
Sunnyvale, CA-based AI maker for defense applications
PeakSpan Capital
Tapcheck
$25M
Los Angeles, CA-based earned wage access company
Walden Catalyst Ventures and Lightspeed Venture Partner
Virtue AI
$30M
San Francisco, CA-based AI security platform
The Scherzer Deal Report: April 7-11, 2025
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
Sign up: Get private equity and venture capital deals delivered to your inbox every week!
Fundraising for PE & VC Funds
AlpInvest
$3.2B
Second portfolio finance fund
Andros Capital Partners
$1B
Third fund
Excelsior Energy Capital
$1B+
Second energy transition fund
FM Capital
$240M
Fourth fund
JPMorgan Asset Management
$1.5B
Second forest and climate solutions fund
KSL Capital Partners
$1.44B
Second tactical opportunities fund
Lerer Hippeau
$200M
Ninth flagship VC fund
Pantheon
$5.2B
Third private credit secondaries fund
RCP Advisors
$994M
Fifth co-investing fund
SignalFire
$1B+
Latest fund
Private Equity Deals
Altus Capital Partners and Centerfield Capital Partners
ALM Positioners
Undisclosed amount
Rock Island, IL-based provider of automated positioning equipment for manufacturers
Seaside Equity Partners
Capstone
Undisclosed amount
New York, NY-based provider of tax, accounting, and advisory services to small and mid-size clients in the Pacific Northwest
LongueVue Capital
Daedalus Industrial
Undisclosed amount
Bradenton, FL-based maker of management and control systems for data centers and industrials
Middle West Partners
David Webb
Undisclosed amount
New York, NY-based jeweler
Paceline Equity Partners
Kassel Mechanical
Undisclosed amount
Columbus, OH-based installer of MEPF systems
DFW Capital Partners
Kept Companies
Undisclosed amount
Fairfield, NJ-based cleaning and maintenance company
Bain Capital
Lincoln Financial
$825M
Radnor, PA-based financial services company
New Mountain Capital
Office Ally
Undisclosed amount
Vancouver, WA-based provider of cloud-based clearinghouse and software to health care
Apollo
Plume
Undisclosed amount
Denver, CO-based tokenization business
Wind Point Partners
Sigma
Undisclosed amount
Cream Ridge, NJ-based maker of waterworks infrastructure products
Bain Capital
Sizzling Platter
$1B+
Salt Lake City, UT-based restaurant chain
New Mountain Capital
Thoughtful.ai
Undisclosed amount
Austin, TX-based revenue cycle automation company
Venture Capital Deals
DTCP, Glilot, Vertex, and Red Dot
Anecdotes
$55M
Palo Alto, CA-based GRC automation platform
Glade Brook Capital, YC, Day One Ventures, HubSpot Ventures, Oliver Jung, and Fellows Fund
Artisan
$25M
Milwaukee, WI-based AI sales agent startup
Mayfield and Menlo Ventures
Aurascape
$50M
Santa Clara, CA-based provider of security and observatbility for AI apps
a16z, Addition, Lightspeed, Valor Equity Partners, Thrive Capital, Altimeter, Terraine, and Trust Ventures
Base Power
$200M
Austin, TX-based provider of residential backup batteries
Spark Capital, Coinbase Ventures, Amex Ventures, and a16z
Blackbird Labs
$50M
Cupertino, CA and Ukraine-based blockchain-enabled payment option for restaurants
Shine Capital, Synchrony Ventures, Sheva Ventures, Point72 Ventures, and Cerca Partners
Bliss Aesthetics
$17.5M
Bay Harbor Islands, FL-based cosmetic surgery startup
Index Ventures and Motorola
Brinc
$75M
Seattle, WA-based maker of public safety drones
SineWave Ventures, Razor’s Edge Ventures, and Ten Eleven Ventures
Corsha
$18M
Vienna, VA-based provider of machine-to-machine communication solutions
Bain Capital Ventures, a16z, and Abstract Ventures
Krea
$83M
San Francisco, CA-based platform for creatives working with genAI
Altimeter Capital, Redpoint Ventures, and Hanabi Capital
LiveKit
$45M
San Jose, CA-based network infrastructure startup for multimodal AI apps
Bain Capital Life Sciences, BVF Partners, Third Rock Ventures, GV, and PXV Funds
MeridaBiosciences
$121M
Cambridge, MA-based biotech focused on serious autoimmune and allergic diseases
CapitalG, M12, Micron Ventures, NVIDIA, and Socratic Partners
nEye Systems
$58M
Emeryville, CA-based optical switch startup
T. Rowe Price, Fidelity, Tiger Global, Greylock, and XN
Nuro
$106M
Mountain View, CA-based developer of autonomous driving tech
NewRoad Capital Partners, MK Capital, and Moore Strategic Ventures
Optilogic
$40M
Ann Arbor, MI-based provider of supply chain design software
Updata Partners and Elsewhere Partners
Portnox
$37.5M
Austin, TX-based provider of zero trust access control solutions
Prosus
Rain
$75M
Los Angeles, CA-based earned wage access app
Foresite Capital and OrbiMed
RayThera
$110M
San Diego, CA-based immunology biotech
Applied Ventures, Atika Capital, Foxconn, Hanwha Deeptech Venture Fund, Hitachi Ventures, NEC Orchestrating Future Fund, NVIDIA, Prosperity7, SineWave Ventures, Translink Capital, University of Michigan, and YC
Rescale
$115M
San Francisco, CA-based digital engineering platform
Google, Nvidia, and BNP Paribas
SandboxAQ
$150M
Palo Alto, CA-based Alphabet spinoff developing AI models for enterprise
Eli Lilly, Biovision Ventures, Pappas Capital, and Hengdian Group Capital
Solu Therapeutics
$41M
Boston, MA-based developer of blood cancer immunotherapies
WestBridge Capital, B37 Ventures, Rocketship.vc, and Lightspeed Venture Partners
Tessell
$60M
San Ramon, CA-based developer of multi-cloud database-as-a-service
The Scherzer Deal Report: March 31 – April 4, 2025
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
Sign up: Get private equity and venture capital deals delivered to your inbox every week!
Fundraising for PE & VC Funds
BC Partners Credit
$1.4B
Third special opportunities fund
Construct Capital
$300M
Third VC fund
Vistria Group
$2.5B
Real estate fund focused on affordable housing
Waterous Energy Fund
$1B
Third fund
Private Equity Deals
Clearview Capital
Advantage Behavioral Health
Undisclosed amount
Laurel Springs, NJ-based outpatient mental health treatment provider
Brookfield
Angel Oak
Undisclosed amount
Atlanta, GA-based mortgage lender Goldman Sachs
Alternatives
Atlas-SSI Holdings
Undisclosed amount
Monticello, MS-based water management equipment supplier
Sequoia Financial Group and Valeas Capital Partners
Carlson Capital Management
Undisclosed amount
Northfield, MN-based investment advisory with $3.8b in client assets
The Riverside Co
DAWGS
Undisclosed amount
Chicago, IL-based provider of door and window guards for securing vacant properties
Harrison Street and 1547
DRFortress
Undisclosed amount
Honolulu, HI-based largest carrier-neutral data center in Hawaii
EQT
Eagle Railcar Services
Undisclosed amount
Eastland, TX-based provider of railcar repair and maintenance services
General Atlantic, PSP Capital Partners, and Aksia
Frazier & Deeter
Undisclosed amount
Atlanta, GA-based accounting and business transformation firm
65 Equity Partners and Inflexion
Kee Safety
Undisclosed amount
British safety products maker
Audax Private Equity
Lanter Delivery Systems
Undisclosed amount
Des Peres, MO-based provider of OEM parts delivery
Encore Consumer Capital
LYS Beauty
Undisclosed amount
Atlanta, GA-based clean beauty brand
Hidden River Strategic Capital
Miles Ahead Brands
Undisclosed amount
Riverview, FL-based portfolio of aggregate distribution companies in the Southeast and Southwest
AIP Management
Silicon Ranch
$500M
Nashville, TN-based solar developer
SK Capital Partners
Spectrum Vascular
Undisclosed amount
White Plains, NY-based provider of vascular access and medication management products for reducing health care-acquired infections
Novo Holding
Sylvan
Undisclosed amount
Kittanning, PA-based maker of fungal biotech solutions
Venture Capital Deals
Bain Capital Ventures and First Round Capital
Actively AI
$17.5M
New York, NY-based GTM superintelligence startup
A16z, OpenAI Startup Fund, Abstract Ventures, Eniac Ventures, CrossBeam Ventures, and K5
Adaptive Security
$43M
New York, NY-based cybersecurity startup focused on deepfake attacks and other AI-engineered cons
Index Ventures, Interlagos, Breakthrough Energy Ventures, NEA, a16z, Vlad Tenev, Tim Draper, Jared Leto, and F.P. Journe
Aetherflux
$50M
Capitola, CA-based space-based solar energy startup
Venrock and Forbion Growth
AiRNA
$155M
Cambridge, MA-based RNA editing startup
Bain Capital Life Sciences, Wellington Management and insiders Lightstone Ventures, Sofinnova Investments, Abingworth, Foundation Fighting Blindness, Hatteras Venture Partners, Osage University Partners, and the Manning Family Foundation
Atsena Therapeutics
$150M
Durham, NC-based gene therapy startup focused on blindness
Mayfield, Sutter Hill Ventures, Canaan Partners, and Wing Venture Capital
AttoTude
$50M
Menlo Park, CA-based data center connection startup
Aligned Climate Capital, Ecosystem Integrity Fund, and Remarkable Ventures Climate
BetterFleet
$15M
Ann Arbor, MI-based provider of fleet management software
Avataar Ventures, Construct Capital, Bloomberg Beta, and Promus Ventures
Chef Robotics
$20.6M
San Francisco, CA-based maker of meal assembly robots
StepStone Group
Cyberhaven
$100M
Palo Alto, CA-based data security startup
QED Investors
Félix
$75M
San Francisco, CA-based platform for cross-border remittances
General Catalyst, Paramark Ventures, Airbus Ventures, GSBackers, MCJ, Borusan Ventures, and Positive Ventures
Fourier
$18.5M
Palo Alto, CA-based green hydrogen engineering startup
Zetta Venture Partners, Databricks Ventures, B Capital, Capital One Ventures, and In-Q-Tel
Gable
$20M
Seattle, WA-based provider of a shift left data management platform
QED Investors, Blumberg Capital, Frontline Ventures, Pruven Capital, Sozo Ventures, Akamai, AV8 Ventures, Ericsson Ventures, Nava Ventures, Oregon Venture Fund, S3 Ventures, Uncorrelated Ventures and Wing VC
Hydrolix
$80M
Portland, OR-based streaming data lake startup
Olive Tree Capital, YC, Hanwha Group, Liquid 2 Ventures, Nomadic Venture Partners, Soma Capital, and TechNexus Venture Collaborative
Maverick Metals
$19M
San Antonio, TX-based maker of specialty chemicals for critical metals recovery
HarbourVest, M Ventures, and eLab Ventures
MemryX
$44M
Ann Arbor, MI-based developer of edge AI chips
Fidelity, Column Group, Soleus Capital, Viking Global Investors, Cormorant, Schroders Capital, LYFE Capital, Euclidean Capital, UCB Ventures, Willett Advisors, UC Investments, YK Bioventures, Berkeley Frontier Fund, Ysios Capital, Alexandria Venture Investments, and Spur Capital Partners
Neurona Therapeutics
$102M
San Francisco, CA-based biotech focused on repairing dysfunctional neural circuits
TPG Rise, Rice Investment Group, Clearvision Ventures, and NGP Energy Technology Partners
Persefoni AI
$23M
Tempe, AZ-based provider of sustainability management software
Franklin Templeton, Fidelity, BlackRock, NEA, and Ribbit Capital
Plaid
$575M
San Francisco, CA-based platform that helps fintechs connect to bank accounts
GV and Lightspeed
Redpanda
$100M
San Francisco, CA-based data streaming startup
EQT, KKR, FTV Capital, Ten Eleven Ventures, and Finback Investment Partners
ReliaQuest
$500M
Tampa, FL-based security ops startup
Summers Value Partners
Restor3d
$38M
Durham, NC-based maker of personalized orthopedic implants
Spark Capital, Kleiner Perkins, Mayfield, and Fidelity
Retym
$75M
Cupertino, CA-based semicondiuctor startup
General Atlantic, Fidelity, Baillie Gifford, NVIDIA, and SoftBank
Runway
$300M
New York, NY-based AI video startup
Insight Partners, NextView Ventures, The General Partnership, and Peterson Ventures
SchoolAI
$25M
Lehi, UT-based AI platform for teachers
Menlo Ventures, SignalFire, Craft Ventures, Inspired Capital, and Torch Capital
Solace
$60M
Redwood City, CA-based provider of health-care navigation solutions for patient advocates
Tiger Global, Index Ventures, and Sequoia Capital
Temporal
$146M
Seattle, WA-based microservices orchestration startup
Index Ventures, Andreessen Horowitz (a16z), General Catalyst, SemperVirens, PeopleTech Partners, The General Partnership, and ADP Ventures
Thatch
$40M
San Francisco, CA -based provider of individual coverage health reimbursement arrangements for employers
Bessemer Venture Partners, TLV Partners, Craft Ventures, Third Point Ventures, SentinelOne Ventures, and Cerca Partners
Unframe
$50M
Denver, CO-based enterprise AI platform
Informed Ventures, American Family Ventures, Morgan Health, Ingeborg Investments, Catalyst by Wellstar, and Plug and Play
Venteur
$20M
San Francsico, CA-based ICHRA administrator