The Scherzer Deal Report: March 13-17, 2023
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
Manage your Scherzer International subscription(s).
Fundraising for PE & VC Funds
Private Equity Deals
Sun Capital Partners
Undisclosed
Las Vegas, NV-based provider of corporate services like bookkeeping and entity formation
Blackstone
$4.6B
Tysons, VA-based events and hospitality tech provider
Silver Lake, CPPIB
Undisclosed
Provo, UT-based maker of survey and customer experience software
Graham Partners
Undisclosed
Columbia, SC-based maker of single-use brain health and neurodiagnostic electrodes
Trinity Hunt Partners
Undisclosed
Puerto Rico-based digital marketing agency focused on life sciences
Ontario Teachers’ Pension Plan
$221.6M
Lakewood, CO-based base metals and industrial minerals royalty company
Apollo Global Management
$8.1B
Downers Grove, IL-based chemicals distributor
Venture Capital Deals
General Catalyst, Spark Capital, Addition, Greylock, Atlassian Ventures, Microsoft, NVIDIA, Workday Ventures, Caterina Fake, Frontiers Capital, PSP Growth, SV Angel, A.Capital
$350M
San Francisco, CA-based AI startup focused on executing software workflow
Creandum
$20M
Miami, FL-based automation and cost management startup
Battery Ventures
$46M
San Francisco, CA-based commercial auto insurance startup
Novartis Venture Fund, Sofinnova Partners, Pfizer Ventures, Mission BioCapital, Gimv, Pureos, Bristol Myers Squibb, Eli Lilly & Co., Ono Venture Investment, Mass General Brigham Ventures
$85M
Cambridge, MA-based biotech focused on fibrosis
ClearSky Security, Samsung Next, Blackstone, Atlantic Bridge, DNX
$45M
New York, NY-based cloud and SaaS incident response startup
Nava Ventures, UnityPoint Health Ventures, PrimeTime Ventures, SpringTide Ventures, ManchesterStory
$15M
Des Moines, IA-based provider of white-label telehealth support services
Valar Ventures
$37M
New York, NY-based provider of corporate credit cards to e-commerce businesses
JPMorgan
$22M
San Francisco, CA-based payments platform for metaverse projects
Breakthrough Energy Ventures, Chevron USA, United Airlines Ventures
$25M
La Jolla, CA-based developer of algae-based jet and diesel fuel
The Scherzer Deal Report: March 6-10, 2023
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
Manage your Scherzer International subscription(s).
Fundraising for PE & VC Funds
Kinderhook
Undisclosed
Grand Rapids, MI-based aftermarket auto parts distributor
Luminate Capital Partners
Undisclosed
San Clemente, CA-based provider of manufacturing plant floor audit software
Sole Source Capital
Undisclosed
El Segundo, Calif.-based distributor of fresh and frozen seafood
Kelso & Co.
Undisclosed
Englewood, NJ-based multi-family office
EagleTree Capital
Undisclosed
Chicago, IL-based business events management company
Capitol Meridian Partners, The Sterling Group
Undisclosed
Sugar Land, TX-based provider of aviation services
New Heritage Capital
Undisclosed
Shrewsbury, NJ-based provider of application-managed services, implementation, and consulting
Gauge Capital
Undisclosed
Oak Brook, IL-based provider of electronic health record software
Aetos Capital West
Undisclosed
Boise, ID-based water consultant firm
CVC Capital Partners
$150M
St. Petersburg, FL-based association to promote the profile of women’s tennis
Private Equity Deals
Dragonfly Capital, Blockchange Ventures, Moonshot Research, EV3, Afore Capital, FJ Labs, Castle Island Ventures, Chaos Ventures, KohFounders, J Ventures
$15M
New York, NY-based ISP
Madrona, WaFd Bank
$15M
Seattle, WA-based banking platform for community and regional banks
The Invus Group
$15.4M
Marina Del Rey, CA-based maker of gut-healthy brownies and other foods
NewSpring, HCAP Partners, Hamilton Lane
$33M
San Diego, CA-based virtual care platform for sleep
Kapor Centerand Motley Fool, Goldman Sachs, Citibank
$80M
Fresno, CA-based tech training company
VoLo Earth Ventures, Microsoft Climate Innovation Fund, Credit Suisse, Builders Vision, New York State Ventures, Unreasonable Collective, Kimbal and Christiana Musk, Gaingels, Van Jones, Kapor Capital, My Climate Journey, Tale Venture Partners, Russell Westbrook
$24M
New York, NY-based building decarbonization startup
Ankona Capital, FirstMark Capital, Access Venture Partners, Next Frontier Capital
$18.9M
Boulder, CO-based employee recognition and rewards platform
Third Rock Ventures, RTW Investments and Perceptive Advisors, Nextech, Janus Henderson Investors, Ally Bridge Group, Wellington Management, T. Rowe Price, Cormorant Asset Management, Piper Heartland, Samsara BioCapital, Red Tree Venture Capital, Emerson Collective
$200M
San Mateo, CA-based developer of CAR T-cell therapies for cancer
GV, Arch Venture Partners, DCVC Bio, Mubadala Capital, Sixth Street, Alexandria Venture Investments, Atlas Venture, Casdin Capital, Cormorant Asset Management, Janus Henderson Investors, Newpath Partners, Omega Funds, Osage University Partners, Sofinnova Partners, T. Rowe Price, Wellington Management
$135M
Cambridge, MA-based developer of single-dose epigenetic editing therapeutics
Zalando, Avery Dennison, Youngone, 8090 Industries, Circulate Capital, Vodia Capital, City Light Capital
$20M
Danville, VA-based textile recycler
SignalFire, Frist Cressey Ventures, Martin Ventures, Yale Medicine, University of Colorado Healthcare Innovation Fund, Mass General Brigham
$55M
Boston, MA-based healthcare revenue cycle services startup
Enbridge, Ara Partners
$100M
Concord, MA-based food waste management startup
Eclipse, Khosla Ventures, DCVC
$60M
Mountain View, CA-based developer of online grocery fulfillment robots
Perceptive Advisors
$100M
New York, NY-based provider of women’s fertility services
Arbor Ventures, Infinity Ventures, Underscore VC, Point 72 Ventures
$34M
Hermosa Beach, CA-based payment intelligence infrastructure startup
DNS Capital, Citi Ventures, USVP, Valor Equity Partners, S&P Global
$23M
Palo Alto, CA-based provider of financial crimes risk management software
M13, Dynamism Capital, R-Squared Ventures, Peterson Ventures, Sidekick Partners
$17M
Minneapolis, MN-based personalization platform for online retailers
CRV, Andreessen Horowitz, Amex Ventures, various angel investors
$73.5M
San Francisco, CA-based chef-to-consumer marketplace
Linse Capital, Hercules Capital, Axon, Andreessen Horowitz, Next47, IVP, DoCoMo, NVIDIA, the Walton Family Foundation, UP Partners
$230M
Redwood City, CA-based autonomous drone-maker
Amplify Partners, Index Ventures, Sequoia Capital, Madrona, Addition Ventures
$75M
Seattle, WA-based microservices orchestration platform
Lightspeed Venture Partners, GV, M12, Menlo Ventures
$65M
San Francisco, CA-based generative AI for enterprise content creation
Greenoaks, Lightspeed Venture Partners, Index Ventures
$300M
New York, NY-based cloud security platform
Neuberger Berman
$76M
New York, NY-based behavioral marketing platform for brands
Venture Capital Deals
Flagship Pioneering
$50M
Cambridge, MA-based developer of programmable medicines
FinTLV Ventures, Harel Insurance
$42.5M
Wellesley, MA-based longevity assurance platform
Energize Ventures, SE Ventures, Elemental Excelerator, VoLo Earth, Ulu Ventures
$25M
San Francisco, CA-based provider of sustainable financing software
Lightspeed Venture Partners, Andreessen Horowitz, Bitkraft Ventures, Riot Games, 1Up Ventures, Don Thompson’s Cleveland Avenue, Tornante Co.
$55M
New York, NY-based new gaming studio led by former Riot Games executives
Red Tree Venture Capital, RA Capital Management, Omega Funds, Bioqube Ventures, Acorn Bioventures, Janus Henderson Investors, F-Prime Capital, Eight Roads Ventures, Invus, Piper Heartland Healthcare Capital, Premji Invest
$108M
Cambridge, MA-based developer of dual-action biologics for treating cancer
Altos Ventures, Cercano Management
$20.5M
New York, NY-based student debt and savings optimization platform
Alpha Wave Global, Lerner Enterprises, Liquid 2 Ventures, Tamarack Global
$70M
Los Angeles, CA-based defense-tech startup
Mercuria Energy Group, Breakthrough Energy Ventures, Rio Tinto, Copec
$30M
Chicago, IL-based developer of heavy-duty engines that run on renewable fuel
Sumeru Equity Partners
$110M
American Fork, UT-based demo automation platform for enterprise software
Nanban Ventures
$50M
Frisco, TX-based developer of “wellness-centric” multifamily rental housing
Kindred Ventures, SK Networks, LG Technology Ventures, Microsoft, Volvo Cars Tech Fund, Tiger Global, Qualcomm Ventures, Sam Altman
$100M
San Francisco, CA-based device and cloud services platform for AI
BlackRock, Harbourview Equity Partners, Goldman Sachs Asset Management
$90M
Los Angeles, CA-based entertainment production and agency firm focused on underrepresented talent
FTV Capital, Citi Ventures
$43M
New York, NY-based provider of wealth management tech for ultra-high-net-worth families
Edison Partners, eGateway Capital, StepStone Group, TRM Ventures
$38M
Austin, TX-based physical supply chain management platform
TPG Rise Climate
$150M
Charleston, SC-based solar energy company
Signet Healthcare Partners
$24M
Cambridge, MA-based organ transplant startup
EQT Life Sciences, LSP Dementia Fund, Sanofi Ventures, Droia Ventures, ALS Investment Fund, LS Polaris Innovation Fund, Mission BioCapital, INKEF Capital, Dementia Discovery Fund, Amgen Ventures, MP Healthcare Venture Management, Mitsui Global Investment, Dolby Family Ventures, Mission Bay Capital, Sanford Biosciences
$88M
Cambridge, MA-based developer of precision medicines for neurodegenerative diseases like amyotrophic lateral sclerosis
Third Rock Ventures, ARCH Venture Partners, Johnson & Johnson Innovation
$100M
San Diego, CA-based developer of precision medicines for neurological disorders
Alexandria Venture Investments, Altitude Life Science Ventures, CJ Investment, Flagship Pioneering, Invus, Kyowa Kirin Co., T. Rowe Price, UPMC Enterprises
$86.5M
Cambridge, MA-based gene therapy startup
JMI Equity, Vertical Venture Partners, Blossom Street Ventures, Renew Group
$120M
San Diego, CA-based marketing platform for multi-location brands
NAventures, The Banc Funds, Veritex Community Bank, Midland States Bank, Emigrant Bank
$15M
Palo Alto, CA-based banking-as-a-service startup
Scale Venture Partners, Andreessen Horowitz, Harpoon Ventures, Matthew Prince, Glenn Solomon
$21M
New York, NY-based cloud infrastructure spend management startup
The Scherzer Deal Report: February 27-March 3, 2023
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
Manage your Scherzer International subscription(s).
Fundraising for PE & VC Funds
$880M
Fifth fund
$2.5B
Second fund
$500M
Debut health care VC fund
$1.9B
Latest flagship fund ($1.4B) and a new opportunities fund ($493M)
$75M
Second fund
$8B
Seventh private credit fund
$825M
Ninth flagship VC fund
$1.2B
First North American private equity fund
$410M
Second music royalty fund
$675M
Eighth fund
$66M
Third fund
$250M
Sixth VC fund
$215M
Debut fund
Private Equity Deals
Dragonfly Capital, Blockchange Ventures, Moonshot Research, EV3, Afore Capital, FJ Labs, Castle Island Ventures, Chaos Ventures, KohFounders, J Ventures
$15M
New York, NY-based ISP
Madrona, WaFd Bank
$15M
Seattle, WA-based banking platform for community and regional banks
The Invus Group
$15.4M
Marina Del Rey, CA-based maker of gut-healthy brownies and other foods
NewSpring, HCAP Partners, Hamilton Lane
$33M
San Diego, CA-based virtual care platform for sleep
Kapor Centerand Motley Fool, Goldman Sachs, Citibank
$80M
Fresno, CA-based tech training company
VoLo Earth Ventures, Microsoft Climate Innovation Fund, Credit Suisse, Builders Vision, New York State Ventures, Unreasonable Collective, Kimbal and Christiana Musk, Gaingels, Van Jones, Kapor Capital, My Climate Journey, Tale Venture Partners, Russell Westbrook
$24M
New York, NY-based building decarbonization startup
Ankona Capital, FirstMark Capital, Access Venture Partners, Next Frontier Capital
$18.9M
Boulder, CO-based employee recognition and rewards platform
Third Rock Ventures, RTW Investments and Perceptive Advisors, Nextech, Janus Henderson Investors, Ally Bridge Group, Wellington Management, T. Rowe Price, Cormorant Asset Management, Piper Heartland, Samsara BioCapital, Red Tree Venture Capital, Emerson Collective
$200M
San Mateo, CA-based developer of CAR T-cell therapies for cancer
GV, Arch Venture Partners, DCVC Bio, Mubadala Capital, Sixth Street, Alexandria Venture Investments, Atlas Venture, Casdin Capital, Cormorant Asset Management, Janus Henderson Investors, Newpath Partners, Omega Funds, Osage University Partners, Sofinnova Partners, T. Rowe Price, Wellington Management
$135M
Cambridge, MA-based developer of single-dose epigenetic editing therapeutics
Zalando, Avery Dennison, Youngone, 8090 Industries, Circulate Capital, Vodia Capital, City Light Capital
$20M
Danville, VA-based textile recycler
SignalFire, Frist Cressey Ventures, Martin Ventures, Yale Medicine, University of Colorado Healthcare Innovation Fund, Mass General Brigham
$55M
Boston, MA-based healthcare revenue cycle services startup
Enbridge, Ara Partners
$100M
Concord, MA-based food waste management startup
Eclipse, Khosla Ventures, DCVC
$60M
Mountain View, CA-based developer of online grocery fulfillment robots
Perceptive Advisors
$100M
New York, NY-based provider of women’s fertility services
Arbor Ventures, Infinity Ventures, Underscore VC, Point 72 Ventures
$34M
Hermosa Beach, CA-based payment intelligence infrastructure startup
DNS Capital, Citi Ventures, USVP, Valor Equity Partners, S&P Global
$23M
Palo Alto, CA-based provider of financial crimes risk management software
M13, Dynamism Capital, R-Squared Ventures, Peterson Ventures, Sidekick Partners
$17M
Minneapolis, MN-based personalization platform for online retailers
CRV, Andreessen Horowitz, Amex Ventures, various angel investors
$73.5M
San Francisco, CA-based chef-to-consumer marketplace
Linse Capital, Hercules Capital, Axon, Andreessen Horowitz, Next47, IVP, DoCoMo, NVIDIA, the Walton Family Foundation, UP Partners
$230M
Redwood City, CA-based autonomous drone-maker
Amplify Partners, Index Ventures, Sequoia Capital, Madrona, Addition Ventures
$75M
Seattle, WA-based microservices orchestration platform
Lightspeed Venture Partners, GV, M12, Menlo Ventures
$65M
San Francisco, CA-based generative AI for enterprise content creation
Greenoaks, Lightspeed Venture Partners, Index Ventures
$300M
New York, NY-based cloud security platform
Neuberger Berman
$76M
New York, NY-based behavioral marketing platform for brands
Venture Capital Deals
General Catalyst, Mastry Ventures
Undisclosed
Laguna Hills, CA-based talent agency that represents athletes
Thoma Bravo
Undisclosed
San Mateo, CA-based provider of business spend management software
Clayton Dubilier & Rice
Undisclosed
New York, NY-based aggregator of wealth management firm
Kanbrick
Undisclosed
Baton Rouge, LA-based provider of electrical safety and test equipment
Genstar Capital
Undisclosed
Southlake, TX-based tech protection and support company
Trinity Hunt Partners Marks
Undisclosed
Overland Park, KS-based accounting, tax, and advisory firm
Integrum
Undisclosed
Concord, MA-based insurance company manager
Turnspire Capital Partners
Undisclosed
Perry, GA-based provider of water asset management services for small and medium public water utilities
The Scherzer Deal Report: February 20-24, 2023
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
Manage your Scherzer International subscription(s).
Fundraising for PE & VC Funds
Nothing to report this week
Private Equity Deals
Providence Equity Partners
Undisclosed
US provider of STEM curriculum for the K-12 education market
Fiera Infrastructure and Palisade Infrastructure Group
Undisclosed
US-based renewable energy generation and battery storage business
Beach Point Capital Management
Undisclosed
Santa Monica, CA-based sustainable retail thrift store chain
Siguler Guff, Halliburton
Undisclosed
Houston, TX-based emissions management software-as-a-service company
Levine Leichtman Capital Partners
Undisclosed
Petoskey, MI-based franchisor, retailer, manufacturer, and distributor of premium quality chocolate, ice cream, and confectionery products
Sixth Street and Wildcat Capital Management
Undisclosed
Papillon, NE-based laser hair removal company
Thompson Street Capital Partners
Undisclosed
Waltham, MA-based cloud-first, unified clinical software provider
5th Century Partners
Undisclosed
Langhorne, a PA-based provider of physician directories and data management tools
Venture Capital Deals
AXA IM Alts
$25M
Newton, MA-based medical device startup focused on pelvic health
Galaxy, PayPal Ventures, Coinbase, Uniswap, Lightspeed, Bessemer, Hashkey, Balaji Srinivasan, Naval Ravikant
$20M
New York, NY-based crypto security startup
United Ventures, Stellantis Ventures, LIFTT, Club degli Investitori, BlackBerry Limited
$21M
Boston, MA-based battery management software company
General Catalyst, Menlo Ventures, QED Investors, Altman Capital, PruVen
$40M
San Francisco, CA-based HR API company
Lockheed Martin Ventures, Hanwha Aerospace, AIM13|Crumpton Venture Partners, DCVC, Signia Venture Partners
$17.8M
Pleasant Grove, UT-based airspace awareness and defense company
Andreessen Horowitz, Y Combinator, Sequoia Capital
$17.8M
Berkeley, CA-based AI app development startup
Goldman Sachs
$24M
Dallas, TX-based logistics software company
McCarthy Capital
$208M
Lincoln, NE-based e-commerce analytics and logistics company
Lightspeed Venture Partners, Coatue, Greylock Partners, Audacious Ventures, Wing Venture Capital, 8VC, Eric Schmidt, Emad Mostaque, David Luan, Bipul Sinha
$43M
San Francisco, CA-based storytelling software startup
Amex Ventures, Northwestern Mutual Future Ventures, SEI Ventures, USAA
$15M
San Diego, CA-based digital estate planning company
Next47, HubSpot Ventures, NewView Capital, Andreessen Horowitz
$30M
New York, NY-based customer success software company
Enhanced Healthcare Partners, Monroe Capital, North Coast Ventures
$100M
Hoboken, NJ-based value-based senior care enabler
Founders Fund
$15M
New York, NY-based 3D printing shoe company
Cleveland Avenue, Remus Capital
$15M
San Francisco, CA-based office catering company
The Scherzer Deal Report: February 13-17, 2023
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
Fundraising for PE & VC Funds
$2.4B
Second growth tech opportunities fund
$502M
Debut fund
$100M
Opportunity fund focused on real estate tech
$1.1B
D. E. Shaw Voltaic Fund and D. E. Shaw Diopter Fund
$250M
Debut fund
$1.3B
Third private equity secondary fund
$300M
Debut fund
Private Equity Deals
Eureka Equity Partners
Undisclosed
New York, NY-based provider of market intelligence to the media, advertising, and ad tech industries
The Riverside Company
Undisclosed
Kerrville, TX-based provider of software for the career and tech education market
CORE Industrial Partners
Undisclosed
Waterbury, CT-based provider of precision deep-drawn metal components and mechanical assemblies
Francisco Partners
Undisclosed
New York, NY-based provider of payroll and accounting software
3 Rivers Capital
Undisclosed
Lenexa, KS-based designer and manufacturer of components for automated material handling and packaging
Carlyle, HGGC, Owl Rock, Crescent Capital
$500M
Lehi, UT-based insurance brokerage
Antin Infrastructure Partners
Undisclosed
Charlottesville, VA-based provider of smart grid infrastructure systems
Berkshire Partners
Undisclosed
Opelika, an AL-based broadband services provider focused on the rural market
Yellow Wood Partners
Undisclosed
Englewood Cliffs, NJ-based beauty and personal care brand
Igneo Infrastructure Partners
Undisclosed
Grand Rapids, MI-based data center and network solutions provider
Beach Point Capital
Undisclosed
Monroe, WA-based maker of pet food and treats
Venture Capital Deals
ARCH Venture Partners, GV, Lux Capital
$193M
Boston, MA-based genetic medicines startup
Closed Loop Partners, Piper Sandler Merchant Banking, MissionOG, Harbert Growth, Grotech Ventures, Lavrock Ventures, Point Field Partners
$37.5M
Baltimore, MD-based provider of supply chain automation for connected devices
Gates Frontier, Dementia Discovery Fund, Foresite Capital, Google Ventures, Lightstone Ventures, Takeda Ventures, UPMC Enterprises, Dolby Family Ventures
$51M
Boston, MA-based biotech company focused on developing new therapeutics for central nervous system diseases
Blue Bear Capital, Aligned Climate Capital, Exelon, Energy Impact Partners, non sibi ventures
$17.5M
Los Angeles, CA-based provider of maintenance and workforce development solutions for EV charging
Lightspeed Venture Partners, GGV Capital, Unusual Ventures, Dell Technologies Capital, Cerca Partners, Tech Aviv, J Ventures, Silicon Valley CISO Investments
$53M
Los Altos, CA-based authentication platform
Bain Capital Life Sciences, Access Biotechnology, Orbi
$62.5M
Watertown, MA-based publicly-traded biopharmaceutical company
General Catalyst, Section 32, Polaris Partners, Zetta Ventures, Northpond Ventures
$20M
San Diego, CA-based clinical trials infrastructure startup
Overstock.com, Pelion Venture Partners, BYU Cougar Capital
$29M
McAllen, TX-based agricultural data startup
Owl Rock, Ribbit Capital, Redpoint Ventures, Felicis Ventures, Fifth Wall, Pappy Capital
$133M
San Francisco, CA-based private fund management software company
Volta Energy Technologies, CC Industries, Emerald Technology Ventures, Material Impact, Arosa Capital, Nabtesco Technology Ventures TechNexus, Hyde Park Angels, Evergreen Climate Innovations, Goose Capital
$65M
Chicago, IL-based battery materials company
General Catalyst
$15M
San Francisco, CA-based accounting and financial data platform
BMO Financial Group, Qualcomm Ventures, Upfront Ventures, DBL Partners, World Innovation Lab, Mayo Clinic, Bedrock Capital, SOSV, John Doerr
$105M
San Francisco, CA-based maker of UV disinfecting machines for buildings
Edison Partners, Tribeca Venture Partners, Bull City Venture Partners, IDEA Fund Partners, Trog Hawley Capital, Attinger, Private Access Network
$30M
Durham, NC-based mobile car-care company
Alexa Fund, Craft Ventures, GV, Galaxy Digital, Kering, Sony Japan, Scribble Ventures, Kakao, Animoca Brands, Day One Ventures, Betaworks
$20M
Burlington, VT-based character design studio
3North, Exor N.V., Pitango, Janus Henderson, CF Private Equity, Planven Entrepreneur Ventures, Riverpark Ventures, ION Crossover Partners
$110M
New York, NY-based transit management software company