The Scherzer Deal Report: July 15-19, 2024
Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
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Fundraising for PE & VC Funds
CCMP Growth Advisors
$500M
Fourth fund
Graham Partners
$1.8B
Sixth fund
Kingswood
$1.5B
Third fund
Menlo Ventures
$100M
AI fund
Private Equity Deals
Blackstone and Madison Dearborn Partners
Air Control Concepts
Undisclosed amount
Norfolk, NY-based provider of services to commercial HVAC OEMs
Charlesbank Capital Partners
Aprio
Undisclosed amount
Atlanta, GA-based business advisory and accounting firm
H.I.G. Capital
Best Trash
Undisclosed amount
Richmond, TX-based provider of municipal solid waste collection and recycling
Sandbrook Capital and NGP Energy Capital
Cloverleaf Infrastructure
$300M
Houston developer of clean energy-based data centers
Marshall Wace and Baillie Gifford
Human Interest
$267M
San Francisco, CA-based 401(k) setup startup
Diversis Capital
Infotech
Undisclosed amount
Gainesville, FL-based provider of infrastructure construction software.
Carmelina Capital Partners
KVP International
Undisclosed amount
McKinney, TX-based provider of veterinary supplies
Thompson Street Capital Partners
National Arbitration & Mediation
Undisclosed amount
New York, NY-based provider of dispute resolution services.
Trivest Partners
Province
Undisclosed amount
Henderson, NV-based financial restructuring advisor
Apollo Global Management
The Travel Corporation
Undisclosed amount
Cypress, CA-based portfolio of 18 travel brands
I Squared Capital, Mubadala, and Qatar Investment Authority
Transportation Equipment Network
Undisclosed amount
Dublin-OH-based trailer lessor
Blackstone
Trystar
Undisclosed amount
Faribault, MN-based electrical equipment supplier for backup power systems
Warburg Pincus, Great Hill Partners, and Spectrum Equity
Varicent
Undisclosed amount
Toronto-based provider of sales performance management software
Banner Capital Management
Vision Graphics
Undisclosed amount
Salt Lake City, UT-based provider of print and display solutions
Venture Capital Deals
Emergence Capital, a16z, Definition, Exponent, 3kvc, Box Group, and Gokul Rajaram
Adaptive
$19M
Seattle, WA-based provider of workflow automation for construction financial management
Theory Ventures, Kleiner Perkins, and Amplify Partners
Allium
$16.5M
New York, NY-based blockchain enterprise data platform
Titanium Ventures, Picus Capital, RTP, and Bonfire
Alvys
$20.5M
Solana Beach, CA-based logistics operating platform
Emergence Capital, Arvadia Capital, Long Journey Ventures, Scott Banister, Flybridge, Centre Street Partners
Arcee AI
$24M
Miami, FL-based developer of small language model
Khosla Ventures, General Catalyst, Caffeinated Capital, Electric Capital, Founders Fund, and The General Partnership
Aven
$142M
San Francisco, CA-based provider of consumer credit cards backed by home equity
Ascenta Capital, Bain Capital, NEA, GV, Fidelity, Millennium Management, Farallon Capital Management, Invus, Blue Owl, Delos Capital, and Digitalis Ventures
Cardurion Pharmaceuticals
$260M
Burlington, MA-based developer of therapies for heart failure
Iconiq Growth, Thomvest, Accel, Insight Partners, Vesey Ventures, and Avid Ventures
Coast
$40M
New York, NY-based provider of fleet expense management
Lightspeed, Nventures, and YC
Exa
$17M
Burlington, MA-based developer of a “Google for AI”
Threshold
Freshpaint
$30M
San Francisco, CA-based health care privacy platform
USIT, 8VC, and SAIC
Halo Industries
$80M
Santa Clara, CA-based laser manufacturing tech platform for semiconductors
General Catalyst
Kandji
$100M
San Francisco, CA-based Apple endpoint management and security platform.
B Capital, Aster, Constellation, Google, Intercontinental Exchange, Microsoft’s Climate Innovation Fund, NGP, Prelude Ventures, and ZOMA Capital
LevelTen
$65M
Seattle, WA-based provider of transaction infrastructure for the energy transition
Luxembourg Future Fund 2
Lyten
$15.7M
San Jose, CA-based graphene and battery maker
Vertex Ventures HC, Treo Ventures, Windham Venture Partners, Action Potential Venture Capital, and Olympus Innovation Ventures
Neuspera Medical
$23M
San Jose, CA-based maker of implantable devices for bladder control
AXA IM Alts, Laerdal Million Lives Fund, Laborie, RH Capital, Avestria Ventures, and March of Dimes
Novocuff
$26M
Mountain View, CA-based developer of devices to decrease preterm births
Woodside Energy and CM Venture Capital
NovoNutrients
$18M
Sunnyvale, CA-based fermentation startup
Morgan Stanley Expansion Capital and Mucker Capital
Octagos Health
$43M
Houston, TX-based provider of cardiac device monitoring tools
Temasek, Eclipse, TDK Ventures, Lachy Groom, Tishman Speyer, TechEnergy Ventures, Doral Energy-Tech Ventures, and DETV-Scania Invest
Peak Energy
$55M
Denver, CO-based sodium-ion battery maker
Andreessen Horowitz
Saronic
$175M
Austin, TX-based maker of autonomous surface vehicles for the U.S. Navy
Frazier Life Sciences, Lightspeed, Willett Advisors, Omega Funds, Vida Ventures, Atlas Venture, Abingworth, Fidelity, Boxer Capital, EcoR1 Capital, Surveyor Capital, Invus, Wellington Management, Nextech Invest, OrbiMed, Logos Capital, Woodline Partners, and Casdin Capital
Scorpion Therapeutics
$150M
Boston, MA-based precision oncology company
JPMorgan, YC, Jack Altman and Max Altman
Slope
$65M
San Francisco, CA-based B2B payments platform
General Catalyst, Amazon Industrial Innovation Fund, and Samsung Next
Standard Bots
$63M
Cambridge, MA-based cybersecurity startup for Salesforce users
Dragoneer
Tekion
$200M
Pleasanton, CA-based cloud platform for auto retailers
Drive Capital and Triplepoint Capital
Thoughtful AI
$20M
Austin, TX-based revenue cycle automation startup
CVS Health Ventures, Town Hall Ventures, a16z, AlleyCorp, Echo Health Ventures, Frist Cressey Ventures, and Foresite Capital
Thyme Care
$95M
Nashville, TN-based cancer care enabler
Wittington Ventures, Great Point Ventures, DNS Capital, Medical Excellence Capital, Tao Capital, TYH Capital, and 7wireVentures
Truvian Health
$74M
San Diego, CA-based blood-test developer
FPV Ventures, Race Capital, Alumni Ventures, WVV Capital, Samsung Next, Fusion Fund, Green Sands Equity, and Mack Ventures
Vectara
$25M
Palo Alto, CA-based generative AI product platform
The Scherzer Deal Report: July 8-12, 2024
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
Ardian
$3.2B
Sixth co-investment fund family
Freeflow Ventures
$50M
Second fund ($35M) and an opportunity fund ($15M)
Harlan Capital
$130M
Fifth private credit fund
Kleiner Perkins
$2B+
20th flagship VC fund ($825M) and its latest growth-stage fund ($1.2B)
Lee Equity Partners
$1.3B
Fourth midmarket buyout fund
Lone Star Funds
$5.3B
12th opportunity fund
New Mountain Capital
$15.4B
Seventh fund
The Westly Group
$100M
Seed-stage fund focused on climate and energy startups
Private Equity Deals
Clearlake Capital, TA Associates, Insight Partners, and Charlesbank Capital Partners
Aptean
Undisclosed amount
Alpharetta, GA-based provider of ERP and supply chain software
American Industrial Partners
Austin Powder
Undisclosed amount
Cleveland, OH-based provider of industrial explosives and blasting solutions.
Thoma Bravo
Everbridge
$1.8B
Burlington, MA-based provider of critical event management and national public warning software
Aurora Capital Partners
First Legal
Undisclosed amount
Monterey Park, CA-based provider of outsourced litigation support services
General Atlantic and Stone Point Capital
HireRight
Undisclosed amount
Nashville, TN-based provider of background screening services for employers
Pacific Avenue Capital Partners Kidde
Fenwal
Undisclosed amount
Ashland, MA-based provider of manufacturing, industrial, and commercial fire suppression systems
Good Springs Capital
Kimbel Mechanical
Undisclosed amount
Fayetteville, AR-based plumbing, HVAC, and electrical contractor
Levine Leichtman Capital Partners
NSL Analytical Services
Undisclosed amount
Cleveland, OH-based materials testing provider
Park Square Capital
Togetherwork
Undisclosed amount
New York, NY-based provider of financial software for member-based organizations
Venture Capital Deals
Claure Group, Pablo Legorreta, Mangrove Capital Partners, Valor Equity Partners, and Atreides Management
K Health
$50M
New York, NY-based health symptom-checking chatbot
Dragonfly Capital, Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holding, Tangent, and Credibly Neutral
MegaLabs
$20M
Ethereum scaling protocol developer
Bluestone Equity Partners
Qloo
$20M
New York, NY-based platform for consumer behavioral data
The Scherzer Deal Report: July 1-3, 2024
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
Ardian
$3.2B
Sixth co-investment fund family
Freeflow Ventures
$50M
Second fund ($35M) and an opportunity fund ($15M)
Harlan Capital
$130M
Fifth private credit fund
Kleiner Perkins
$2B+
20th flagship VC fund ($825M) and its latest growth-stage fund ($1.2B)
Lee Equity Partners
$1.3B
Fourth midmarket buyout fund
Lone Star Funds
$5.3B
12th opportunity fund
New Mountain Capital
$15.4B
Seventh fund
The Westly Group
$100M
Seed-stage fund focused on climate and energy startups
Private Equity Deals
Clearlake Capital, TA Associates, Insight Partners, and Charlesbank Capital Partners
Aptean
Undisclosed amount
Alpharetta, GA-based provider of ERP and supply chain software
American Industrial Partners
Austin Powder
Undisclosed amount
Cleveland, OH-based provider of industrial explosives and blasting solutions.
Thoma Bravo
Everbridge
$1.8B
Burlington, MA-based provider of critical event management and national public warning software
Aurora Capital Partners
First Legal
Undisclosed amount
Monterey Park, CA-based provider of outsourced litigation support services
General Atlantic and Stone Point Capital
HireRight
Undisclosed amount
Nashville, TN-based provider of background screening services for employers
Pacific Avenue Capital Partners Kidde
Fenwal
Undisclosed amount
Ashland, MA-based provider of manufacturing, industrial, and commercial fire suppression systems
Good Springs Capital
Kimbel Mechanical
Undisclosed amount
Fayetteville, AR-based plumbing, HVAC, and electrical contractor
Levine Leichtman Capital Partners
NSL Analytical Services
Undisclosed amount
Cleveland, OH-based materials testing provider
Park Square Capital
Togetherwork
Undisclosed amount
New York, NY-based provider of financial software for member-based organizations
Venture Capital Deals
Claure Group, Pablo Legorreta, Mangrove Capital Partners, Valor Equity Partners, and Atreides Management
K Health
$50M
New York, NY-based health symptom-checking chatbot
Dragonfly Capital, Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holding, Tangent, and Credibly Neutral
MegaLabs
$20M
Ethereum scaling protocol developer
Bluestone Equity Partners
Qloo
$20M
New York, NY-based platform for consumer behavioral data
The Scherzer Deal Report: June 24-28, 2024
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
Blackhorn Ventures
$150M
Third fund
Connexa Capital
$20M
Debut fund
Curie.Bio
$380M
Second fund
Ironspring Ventures
$100M
Second fund
Rackhouse Ventures
$45M
Second fund
Private Equity Deals
TPG
Altimetrik
Undisclosed amount
Southfield, MI-based digital business transformation company
Frazier Healthcare Partners
BioMatrix
Undisclosed amount
Plantation, FL-based provider of home-based infusion services
Bernhard Capital Partners
Brailsford & Dunlavey
Undisclosed amount
Washington, DC-based institutional program management company
Avenue Sports Fund City
Pickle
Undisclosed amount
New York, NY-based indoor pickleball club concept
GrowthCurve Capital
Duetto
Undisclosed amount
San Francisco, CA-based provider of revenue management software for the hospitality market
Trive Capital and 808 Capital Partners
JF Fitness
Undisclosed amount
Richmond, VA-based Crunch Fitness franchisee focused on the Mid-Atlantic and Southeastern United States
Macquarie Capital
Kalkomey
Undisclosed amount
Richardson, TX-based provider of online recreational safety education
Vista Equity Partners
Model N
Undisclosed amount
San Mateo, CA-based provider of revenue optimization and compliance solutions for pharma and med tech
Madison Dearborn Partners
Omni Federal
Undisclosed amount
St. Louis, MO-based provider of mission and enterprise software to U.S. defense and intelligence agencies
Altaris Capital Partners
Sharecare
Undisclosed amount
Atlanta, GA-based digital health platform
L Catterton
Stripes Beauty
Undisclosed amount
Beverly Hills, CA-based menopause products brand founded by actor Naomi Watts
Transom Capital Group
Virginia Tile
Undisclosed amount
Livonia, MI-based distributor of tile, decorative surfaces, and installation accessories
Venture Capital Deals
Premji Invest, Neuberger Berman, Adams Street Partners, Baillie Gifford, Hummingbird Ventures, Civilization Ventures, Libertus Capital, and Fifty Years
BillionToOne
$130M
Menlo Park, CA-based precision diagnostics company
BlackRock, Nvidia, Microsoft, Eclipse Ventures, and Jabil
Bright Machines
$106M
San Francisco, CA-based software-defined manufacturing company
Meritech, First Round Capital, Sequoia Capital, Box Group, and Boldstart
Clay
$46M
New York, NY-based sales and marketing AI startup
Prudence, Industry Ventures, Jackson Square Ventures, Building Ventures, GS Futures, and Cloud Apps Capital Partners
Clearstory
$16M
Walnut Creek, CA-based change order management platform for construction
Elsewhere Partners
Deskpro
$25M
Austin, TX-based provider of help desk solutions
Primary Venture Partners, Positive Sum Ventures, Hummingbird, Fundomo, Fontinalis, Lightscape, Earthshot, Two Sigma, Oceans Venture, Skybox Data Centers, and Peter Thiel
Etched
$120M
San Francisco, CA-based maker of specialized chips for transformers
Nat Friedman, Daniel Gross, Lux Capital, Amazon, and NVentures
EvolutionaryScale
$142M
New York, NY-based developer of protein-building AI models
Novartis Venture Fund, Delos Capital, OrbiMed, Insight Partners, JPMorgan Life Sciences Private Capital, CRISPR Therapeutics, Innovation Endeavors, Invus, Arc Ventures, and Deep Insight
Exsilio Therapeutics
$82M
Boston, MA-based genomic medicines startup
Andreessen Horowitz, Sanofi, Sequoia Capital, Thrive Capital, Emerson Collective, Lachy Groom, SV Angel, and FPV Ventures
Formation Bio
$372M
New York, NY-based AI-driven drug developer
Blackhorn Ventures, Mitsubishi HC Capital America, NEC, Translink Capital, Alumni Ventures, FJ Labs, Lux Capital, Initialized Capital, and Lorimer Ventures
Formic
$24.7M
Chicago, IL-based robots-as-a-service platform for manufacturers
a16z
Hebbia
$100M
New York, NY-based document search AI startup
Cleveland Avenue, DNS Capital, Composite Ventures, and Greatpoint Ventures
Hero Bread
$21M
San Francisco, CA-based maker of healthier versions of baked goods
Parameter Ventures, PruVen Capital, Velvet Sea Ventures, GC1 Ventures, and NextView Ventures
KarmaCheck
$45M
San Francisco, CA-based employee background check startup
General Catalyst
Local Kitchens
$40M
Davis, CA-based multi-brand “under one roof” restaurant concept
Bain Capital Ventures, Adobe Ventures, and Common Sense Media
MagicSchool AI
$15M
Boulder, CO-based K12 tech platform focused on preventing teacher burnout
Silver Lake Waterman, Eurazeo, Crescent Cove, F-Prime, Eight Roads, and Serena Capital
Odaseva
$54M
Cambridge, MA-based cybersecurity startup for Salesforce users
Craft Ventures, Addition, and Greylock
Onehouse
$35M
Sunnyvale, CA-based data lakehouse company
NEA, Wing VC, and WndrCo
Orby AI
$30M
San Francisco, CA-based generative process automation startup
8VC, Matrix Partners India, and Nexus Venture Partners
Rocketlane
$24M
Covina, CA-based customer onboarding platform
Hanaco VC, Jaws Ventures, Madrona Ventures, and Granger
Route
$40M
Lehi, UT-based post-purchase tracking startup
Koch Disruptive Technologies, Duke University, GreatPoint Ventures, Bond, Cathay Innovation, Drive Capital, Menlo Ventures, Morpheus, and an undisclosed state pension fund
Sidecar Health
$165M
El Segundo, CA-based employer-facing health insurer
GV
Sift
$17.5M
San Francisco, CA-based developer of unified observability solutions for complex machine development
Sutter Hill Ventures, T. Rowe Price, Bessemer Venture Partners, Coatue, and Perry Creek Capital
Sila
$375M
Alameda, CA-based battery materials company
Sorenson Capital, Intel Capital, and BroadLight Capital
ZeroEyes
$53M
Conshohocken, PA-based gun detection video analytics and alert platform
The Scherzer Deal Report: June 17-21, 2024
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
Charlesbank Capital Partners
$1.3B
Second tech opportunities fund
Kinderhook Industries
$2.75B
Eighth fund
Paradigm
$850M
Third fund
Refactor Capital
$50M
Fourth fund
The Engine
$398M
Third fund
Private Equity Deals
Everlane Equity Partners
Carey & Co.
Undisclosed amount
New York, NY-based provider of professional services to nonprofits
Advent International and Abu Dhabi Investment Authority
Fisher Investments
Undisclosed amount
Plano, TX-based money management firm
Antin Infrastructure Partners
GTL Leasing
Undisclosed amount
Tulsa, OK-based lessor of gaseous hydrogen transportation and storage equipment
H.I.G. Capital
Health-E Commerce
Undisclosed amount
New York, NY-based FSA and HSA marketplace
Stellex Capital Management
J. Skinner Baking
Undisclosed amount
Omaha, NE-based maker of artisan baked goods
Blue Sage Capital One
Source Flooring and Solutions
Undisclosed amount
Atlanta, GA-based provider of flooring products and installation services
Trive Capital and Bluejay Capital Partners
RPM Fright Systems
Undisclosed amount
Royal Oak, MI-based finished vehicle logistics provider
Tiger Infrastructure Partners
Unison Energy
Undisclosed amount
Greenwich, CT-based energy-as-a-service platform
Venture Capital Deals
Crosslink Capital and Anthemis
Amplify Life Insurance
$20M
San Francisco, CA-based life insurance platform
Trousdale Ventures, Development Bank of Japan, Quanta Computer, Kleiner Perkins, Lavrock Ventures, L3Harris Technologies, InMotion Ventures, Matter Venture Partners, MESH Ventures, and Assembly Ventures
CesiumAstro
$65M
Austin, TX developer of space communications tech
Sapphire Ventures and Silversmith Capital Partners
Constructor
$25M
San Francisco, CA-based product discovery and search platform for enterprise e-commerce
Forerunner Ventures, Index Ventures, GV, and True Ventures
Daydream
$50M
San Francisco, CA-based e-commerce platform
Lightspeed, Vesey Ventures, Commerce Ventures, Accel, and Aleph
Finaloop
$35M
Brooklyn, NY-based e-commerce accounting platform
Lanchi Ventures
Genspark
$60M
Palo Alto, CA-based AI search engine startup
Wellington Management, NGP Capital, Euclidean Capital, Advance Venture Partners, SQN Venture Partners, 3M Ventures, B Capital, Bow Capital, Calibrate Ventures, OCA Ventures, and Swift Ventures
GrayMatter
$45M
Gardena, CA-based industrial robotics company
PayPal Ventures, Gradient Ventures, Velvet Sea Ventures, BAG Ventures, and Deciens Capita
Gynger
$20M
New York, NY-based embedded financing platform for technology purchases
Benchmark, Thrive Capital, Bond, and Conviction
HeyGen
$60M
Los Angeles, CA-based AI video generation platform for businesses
Blue Venture Fund, LRVHealth, Optum Ventures, .406 Ventures, Highmark Ventures, and VentureforGood
Humata Health
$25M
Winter Park, FL-based health-care prior authorization startup
Kleiner Perkins, Meritech, and Sapphire Ventures
Huntress
$150M
Columbia, MD-based cybersecurity startup focused on small businesses
Menlo Ventures, Allstate Strategic Ventures, Liberty Mutual Strategic Ventures, Lux Capital, Construct Capital, and Haystack Ventures
Kinetic
$21M
Santa Ana, CA-based digital maintenance and servicing platform for EVs
Conifer Infrastructure Partners, Breakthrough Energy Ventures, Eni Next, Add Ventures by SCG, and Autodesk Foundation
M2X Energy
$40M
Rockledge, FL-based gas-to-methanol startup
Third Rock Ventures, Sofinnova Investments, Forbion, Perceptive Xontogeny Venture Fund, venBio, AlphaWave Global, Omega Funds, and Surveyor Capital
Marea Therapeutics
$190M
South San Francisco, CA-based developer of cardiometabolic medicines
HealthQuest Capital, Adams Street, Icon Ventures, Polaris Partners, .406 Ventures, and RRE Ventures
Nomad Health
$22M
New York, NY-based health care staffing and travel nurse company
Andreessen Horowitz, First Round Capital, Stripes, BoxGroup, Operator Partners, and SV Angel
Pomelo Care
$46M
Jersey City, NJ-based virtual maternal care provider
Samsung, Helium-3 Ventures, Honda Motor, LKQ, SCG, Traxys, and Wistron
Princeton NuEnergy
$30M
Bordentown, NJ-based direct recycler
Innovius Capital
SewerAI
$15M
Walnut Creek, CA-based sewer inspection startup
Buckley Ventures, OpenAI Startup Fund, Khosla Ventures, Paul Graham, and Jeff Weiner
Speak
$20M
San Francisco, CA-based language-learning app
Andreessen Horowitz and Perceptive Advisors
Talkiatry
$130M
New York, NY-based psychiatric care startup
Tiger Global Management, Proficio Capital Partners, and Impulse
Vecna Robotics
$40M
Waltham, MA-based maker of autonomous warehouse forklifts
Sandbox Industries, Forgepoint Capital, Ardent Venture Partners, and MTech Capital
Verituity
$18.8M
McLean, VA-based payout verification startup