The Scherzer Deal Report: April 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
Andreessen Horowitz
$7.2B
Growth fund ($3.75B), AI Infrastructure ($1.25B), AI apps ($1B), American Dynamism ($600M), and Gaming II ($600M)
Chevron
$500M
Third clean tech venture fund
Evolution Equity Partners
$1.1B
Third fund
Maven Ventures
$60M
Fourth fund
SOSV
$306M
Fifth fund
SpringTide Ventures
$65M
Second fund
Underscore VC
$58M
Third fund
Vista Equity Partners
$20B
Eighth flagship fund
Wellington Management
$385M
Cimate tech venture fund
Private Equity Deals
Forward Consumer Partners
Firehook Bakery
Undisclosed amount
Chantilly, VA-based artisan baking business
Wynnchurch Capital
Handgards
Undisclosed amount
El Paso, TX-based manufacturer and supplier of disposable food safety products for the food service industry
Godspeed Capital Management
Special Aerospace Services
Undisclosed amount
Boulder, CO-based spaceflight engineering and facilities company
Venture Capital Deals
Sunstone Capital
Accuhealth
$200M
McAllen, TX-based remote patient-monitoring company
Evolution Equity Partners, Foundation Capital, Cervin, Myriad, Point72, Outpost, and G Squared
Anvilogic
$45M
Palo Alto, CA-based enterprise data management startup
Questa Capital, Laerdal Million Lives Fund, Catalyst Health Ventures, RC Capital, and Eckuity Capital
Avive Solutions
$56.5M
San Francisco, CA-based remote cardiac arrest device maker
A* Capital, Andreessen Horowitz, XYZ Ventures, ex/ante, Costanoa Ventures, Point72 Ventures, Forward Deployed VC, and Karman Ventures
Cape
$61M
Arlington, VA-based mobile carrier
Spring Lane, Ahlström Invest, AXA Investment Managers, Climate Innovation Capital, and Tokyu Construction/Global Brain
CleanFiber
$28M
Buffalo, NY-based cardboard-to-insulation material producer.
IGP Capital, Vertex Ventures, and TPY Capital
Dot Compliance
$17.5M
Phoenix, AZ-based life sciences quality management software company
Respida Capital, Carver Road Capital, and Gala Capital Partners
Ecotrak
$30M
Irvine, CA-based facility management software platform.
Maverix Private Equity, TELUS Ventures, and I Squared Capital
Kode Labs
$30M
Detroit, MI-based maker of building energy management software.
Goldman Sachs
Kontakt.io
$47.5M
New York, NY-based hospital indoor tracking startup.
Khosla Ventures, Berkeley SkyDeck Fund, Emergent Ventures, Fusion Fund, and Surface Ventures
Loft Labs
$24M
San Francisco, CA-based Kubernetes startup
Mayfield
NeuBird
$22M
San Francisco, CA-based software and infrastructure reliability management startup.
Energy Impact Partners, Galvanize Climate Solutions, Garage Capital, Gradient Ventures, Incite Ventures, MCJ Collective, Lowercarbon Capital, and Drew Scott
Quilt
$33M
Redwood City, CA-based heat pump startup
Khosla Ventures, Founders Fund, Sequoia Capital, Greylock, 8VC, Thrive Capital, General Catalyst, Sands Capital, D1 Capital, Lux Capital, Iconiq Capital, Definition Capital, and Contrary Capital
Ramp
$150M
New York, NY-based corporate finance management startup
Coatue
Rippling
$200M
San Francisco, CA-based employee onboarding tech startup
Matrix Capital Management, Intel Capital, MediaTek, Cambium Capital, CIDC, Capital TEN,Hotung Venture Group, Walden Catalyst, Dell Technologies Capital, Koch Disruptive Technologies, and VentureTech Alliance
Rivos
$250M
Santa Clara, CA-based RISC-V server tech company
Amplo and Fifth Down Capital
Two Chairs
$72M
San Francisco, CA-based in person therapy startup
Korea Development Bank, Shinhan Venture Investment, Hana Ventures, Mirae Asset Venture Investment, IBK Securities, SBVA, Primer Sazze, Company K Partners, and Premier Partners
Upstage
$72M
San Jose, CA-based document processing AI startup.
County of Los Angeles Enacts Fair Chance Ordinance New Hiring Requirements for Employers
What is this about?
On February 27, 2024, the County of Los Angeles Board of Supervisors voted to adopt the County’s Fair Chance Ordinance for Employers (FCO). The FCO aligns with the California Fair Chance Act (FCA), also known as “Ban the Box.” However, it adds several compliance requirements when considering the applicant’s criminal record history to make an employment decision.
Effective Date:
The FCO is operative on September 3, 2024.
Who must comply:
The FCO applies to any “employer” located or doing business in the unincorporated areas of Los Angeles County who employs five or more employees regardless of location. The FCO protects both applicants seeking employment and employees seeking promotions, as well as others seeking non-traditional employment, such as contract or freelance work.
New requirements:
Notice of Intent to Conduct Background Check. This notice must be given along with any conditional offer of employment to the applicant or employee that states (1) the conditional offer is contingent upon a review of a criminal record history and (2) the employer has good cause to conduct the criminal history review “for the specific job position with supporting justification in writing.” It is not enough for the employer to merely state it reviews such information because of a generalized “safety concern.” Specific information is required.
Before employers can take any adverse action against an individual, such as rescinding a conditional job offer, the FCO requires the employer to (1) prepare a written individualized assessment of an applicant’s criminal history in the manner required by the FCO; (2) provide a form of preliminary notice of adverse action with mandatory content; (3) provide a second written individualized assessment if the individual provides information in response to the preliminary notice of adverse action; and (4) provide a final notice of adverse action if the employer makes a final decision to withdraw the conditional offer of employment or take any other adverse action (the final notice must also include mandatory content).
Why compliance matters:
The FCO authorizes public and private remedies, including civil claims. The County of Los Angeles Department of Consumer and Business Affairs (DCBA) is authorized to take appropriate steps to enforce the FCO and conduct investigations of possible violations by an employer. The DCBA may issue monetary penalties of up to $5,000 for the first violation, up to $10,000 for the second violation, and up to $20,000 for the third and subsequent violations.
How SI can help:
SI can help ensure compliance in several ways, including the timing of background checks, the distribution of mandatory and sample notices, and the monitoring of the required time periods for taking adverse action.
The Scherzer Deal Report: April 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
Adams Street Partners
$1B
First middle-market CLO
AlleyCorp
$250M
New fund
Cendana Capital, Kline Hill Capital
$105M
Venture stake secondaries fund
Compass Group Equity Partners
$408M
Third fund
Hellman & Friedman
$22.3B
11th flagship PE fund
Lone View Capital
$805M
Debut fund.
Toyota Ventures
$300M
Frontier Fund II and the Climate Fund II
Private Equity Deals
Blackstone
AIR Communities
Undisclosed amount
Denver, CO-based apartment landlord
General Atlantic Credit, Blackstone, and Morgan Stanley
Buyers Edge Platform
$425M
Waltham, MA-based provider of digital procurement solutions for foodservice
New York Life
Fairview Capital
Undisclosed amount
West Hartford, CT-based private investment firm
Peak Rock Capital
Hu FriedyGroup
Undisclosed amount
Chicago, IL-based dental business
Factor89 Group
Master Magnetics
Undisclosed amount
Castle Rock, CO-based magnet maker
OceanSound Partners and Energy Impact Partners
Message Broadcast
Undisclosed amount
Newport Beach, CA-based provider of electric utility customer engagement software
Vista Equity Partners
Model N
$1.25B
Redwood Shores, CA-based provider of revenue optimization and compliance solutions focused on pharma and med tech.
HarbourView Equity Partners
Mucho Mas Media
Undisclosed amount
Los Angeles, CA-based content studio focused on the Latino audience.
Investment Management, Generate Capital, and Mitsubishi
Nexamp
$520M
Boston, MA-based community solar company
Washington Harbour Partners
Raft
$60M
Reston, VA-based software engineering firm
Crest Rock Partners
Relocity
Undisclosed amount
Los Angeles, CA-based provider of employee relocation software
CoreRx
Societal CDMO
$130M
Gainesville, GA-based contract development and manufacturing organization focused on small molecule therapeutics.
EMH Partners
Stonebranch
Undisclosed amount
Alpharetta, GA-based provider of service orchestration and automation solutions
Osceola Capital
Trauma Services
Undisclosed amount
Mansfield, MA-based provider of full-service biohazard cleanup and remediation services
Serent Capital
Traumasoft
Undisclosed amount
Portage, MI-based provider of cloud software for private EMS agencies and health care orgs.
Behrman Capital
Vista Apex
Undisclosed amount
Racine, WI-based maker of consumable dental products
Venture Capital Deals
GV, Hakluyt Capital, and Ballistic Ventures
Alethea
$20M
Washington, DC-based disinformation detection and mitigation startup
Khosla Ventures, Sequoia, and Index Ventures
Anrok
$30M
San Francisco, CA-based sales tax compliance software company
StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital
Auradine
$80M
Santa Clara, CA-based bitcoin miner maker
ABS Capital
Cariloop
$20M
Richardson, TX-based caregiving support platform for employers.
General Catalyst, Bison Ventures, Industry Ventures, Lux Capital, Sequoia Capital, Khosla Ventures, Mayo Clinic, Neo, 1984 Ventures, MVP Ventures, and Calibrate Ventures
Cobot
$100M
Santa Clara, CA-based maker of practical collaborative robots
Highmount Capital
Dude Perfect
$100M
Frisco, TX-based group of sports and comedy show hosts.
Paradigm and Electric Capital
Ellipsis Labs
$20M
New York, NY-based crypto exchange developer
Vensana Capital and RC Capital
Elucent Medical
$42.5M
Eden Prairie, MN-based provider of oncologic surgical treatment tools
Iconiq Growth, BDT & MSD Partners, WiL, Meritech Capital, and Sapphire Ventures
FloQast
$100M
Los Angeles, CA-based provider of workflow automation software for accountants
Sequoia Capital, Goldman Sachs, Plus Capital, Transformation Capital, SignalFire, and TCV
Grow Therapy
$88M
New York, NY-based mental health startup
KKR, Inovia Capital, Apax Partners, BDT & MSD Partners, and Sixth Street
Guesty
$130M
New York, NY-based provider of property management software for the short-term rental and hospitality markets
Pantera Capital, Multicoin Capital, Hack VC, ParaFi Capital, Nascent, Draper Associates, Primitive Ventures, and Asymmetric Ventures
Mezo
$21M
Chicago, IL-based Bitcoin scaling network
Paradigm, Electric Capital, and Greenoaks
Monad Labs
$225M
New York, NY-based layer 1 blockchain developer
C.R. England, Cummins, Daimler Truck, PACCAR, RyderVentures, Schneider, Activant Capital, BDT & MSD Partners, Manhattan Venture Partners, 8VC, NewRoad Capital Partners, and Prologis Ventures
Platform Science
$125M
San Diego, CA-based enterprise fleet management platform
Accel, Elevation Capital, and Blume Ventures
Sprinto
$20M
San Francisco, CA-based security compliance automation startup
Khosla Ventures, Day One Ventures, General Catalyst, Abstract Ventures, and Buckley Ventures
Symbolica
$33M
San Francisco, CA-based foundation model startup
Caffeinated Capital, Lux Capital, General Catalyst, Founders Fund, and Khosla Ventures
Varda Space
$90M
El Segundo, CA-based in-space manufacturing startup
Prelude Ventures, Amazon’s Climate Pledge Fund, Global Brain, Incite Ventures, Positive Ventures, B37 Ventures, Breakthrough Energy Ventures, Mayfield, and Untitled
Windfall Bio
$28M
Menlo Park, CA-based methane capture and transformation startup
GM Ventures, Bridgestone Americas, Universal Motors Agencies, and Shikra
Yoshi Mobility
$26M
Nashville, TN-based vehicle gas delivery and service app
The Scherzer Deal Report: April 1-5, 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.
Fundraising for PE & VC Funds
Arctos
$4.1B
Second pro sports fund
Bitkraft Ventures
$275M
Third gaming-focused VC fund
Clarion Capital Partners
$677M
Fourth fund
GoldenTree
$1.3B
Third CLO fund
Hildred Capital
$750M
Continuation fund
ICG
$1B
Debut secondaries fund.
OceanSound
$1.15B
Continuation fund
SK Capital Partners
$2.95B
Sixth fund
Warren Equity Partners
$550M
Second small-cap infrastructure fund
Private Equity Deals
Littlejohn & Co.
UAT
Undisclosed amount
Lorton, VA-based provider of residential HVAC and plumbing services.
Blue Sage Capital
American Alloy
Undisclosed amount
Spokane, WA-based metal component and sub-assembly manufacturing platform
Valesco
American Bedding
Undisclosed amount
Athens, TN-based maker of mattresses and bed frames.
EQT
Avetta
Undisclosed amount
Lehi, UT-based supply chain risk management platform
TPG
Classic Collision
Undisclosed amount
Atlanta, GA-based provider of auto body repair services
Steve Singh, Durable Capital Partners, Madrona Ventures, Top Tier Capital Partners, and Blackstone Credit & Insurance
Direct Travel
Undisclosed amount
Centennial, CO-based corporate travel management firm.
Petershill
Kennedy Lewis Investment Management
Undisclosed amount
New York, NY-based credit manager.
Blue Owl Capital
Kuvare Asset Management
$750M
Rosemont, IL-based provider of asset management services to the insurance industry
Summit Partners
Netgain
$35M
Denver, CO-based provider of software for finance and accounting teams
Clayton, Dubilier & Rice
Presidio
Undisclosed amount
New York, NY-based IT and managed services firm
Broad Sky Partners
Punctual Pros
Undisclosed amount
Lancaster, PA-based Authority Brands franchisee that provides HVAC and electrical services.
New Mountain Capital
Rawlings
Undisclosed amount
La Grange, KY-based provider of coverage analytics for health plans.
Morgan Stanley Capital Partners
Resource Innovations
Undisclosed amount
Half Moon Bay, CA-based provider of energy efficiency services
KKR Sun
FireMatrix
Undisclosed amount
Carlisle, MA-based provider of health plan and insurance distribution software
Venture Capital Deals
Sumeru Equity Partners and Alsop Louie Partners
Aerospike
$100M
Mountain View, CA-based NoSQL database.
General Catalyst, Tata, Drads Capital, Thomvest, and Thrive Capital
Alsym Energy
$78M
Woburn, MA-based battery startup
Goldman Sachs, Canaan Partners, Invus, Driehaus Capital Management, Digitalis Ventures, Blue Owl Capital, Orbimed, Nextech Invest, Vida Ventures, Boxer Capital, and Colt Ventures
Alterome Therapeutics
$132M
San Diego, CA-based cancer biotech
Hildred Capital and EQT Life Science
Binx Health
$65M
Boston, MA-based diagnostic testing startup
Alpha Wave Ventures, Niterra, RiverVest Venture Partners, AXA IM Alts, Global Health Investment, Aphelion Capital, Senvest Management, Features Capital, and Taisho Pharmaceutical
Biolinq
$58M
San Diego, CA-based developer of multi-analyte biosensors for metabolic health
ReGen Ventures, Toyota Ventures, AmFam Ventures, Convective Capital, Blue Forest Asset Management, Skip Capital, Overture Ventures, Lowercarbon, and Pathbreaker Ventures
BurnBot
$20M
San Francisco, CA-based developer of wildfire prevention robots
Industry Ventures, Emergence Capital, 11.2 Capital, Bob Muglia, DNX Ventures, GreatPoint Ventures, Hyperlink Ventures, Next Legacy Partners, Snowflake Ventures, and Telstra Venture
Coalesce.io
$50M
San Francisco, CA-based provider of data management software
General Catalyst, Citi Ventures, Human Capital, Rob Bearden, and MVP Ventures
Datavolo
$21M
Phoenix, AZ-based provider of multimodal data pipelines for AI.
Nexus NeuroTech Ventures and Venture Investors Health Fund
EarliTec Diagnostics
$21.5M
Decatur, GA-based developer of medical devices for children with autism
Streamlined Ventures and AppLovin
Flip
$144M
El Segundo, CA-based shopping social network
L Catterton, Emerson Collective, Notable Capital, Bain Capital Ventures, Khosla Ventures, Cowboy Ventures, and Plus Capital
Homebase
$60M
San Francisco, CA-based HR and team management app for small businesses
Chevron New Energies
Ion Clean Energy
$45M
Boulder, CO-based carbon capture developer
March Capital, National Grid Partners, and Slaughter and May
Luminance
$40M
Santa Monica, CA-based AI startup for the legal market
TQ Ventures, Calibrate Ventures, SK Ventures, and TTCER Partners
Manifold
$15M
Newton, MA-based clinical research platform
Left Lane Capital, Ensemble VC, Signalfire, and Learn Capital
Modal
$25M
San Francisco, CA-based employee upskilling startup
Airbus Ventures, REI, Path Ahad Ventures, Platinum Mile Ventures, Culper Ventures, Crumpton Ventures, and Iron Gate Capital Advisors
Oros Labs
$22M
Portland, OR-based provider of thermal insulation solutions for outdoor equipment and clothes
Frist Cressey Ventures, SignalFire, Epsilon Health Investors, and Providence Ventures
Praia Health
$20M
Chicago, IL-based consumer platform for health systems
RA Capital Management, Northpond Ventures, Sands Capital, and Schooner Capital
Selux Diagnostics
$48M
Charlestown, MA-based biotech focused on superbug infections and antimicrobial resistance
Bond Capital, Index Ventures, NFX, and SV Angels
Seso
$26M
San Francisco, CA-based hiring and workforce management startup focused on the agriculture industry
Maverick Capital, Point72, Jericho, Amplify Partners, Dell Technologies Capital, and Lip-Bu TanSi
Ma.ai
$70M
San Jose, CA-based system-on-chip company
Venture Investors Health Fund, Arboretum Ventures, and KKR-backed Falcon Vision
ViaLase
$40M
Aliso Veijo, CA-based glaucoma treatment developer
The Scherzer Deal Report: March 25-29, 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.
Fundraising for PE & VC Funds
Grafine Partners
$600M
Debut PE fund-of-funds
Hunter Point Capital
$3.3B
Debut fund
Matter Partners
$300M
Debut fund
Percheron Capital
$1.55B
Second fund
Super{set}
$90M
Second fund
Private Equity Deals
NEA, Deep Track Capital, Sofinnova Investments, Sands Capital, INCE Capital, TF Capital, Delos Capital, and Quan Capital
Avenzo Therapeutics
$150M
San Diego, CA-based cancer drug developer
Susquehanna and WestCap
Blueground
$45M
New York, NY-based furnished monthly rental property company
Section 32, Kennedy Lewis, Time BioVentures, Redwood Pacific and insiders ACME, Mousse Partners, and Triventures
Brightside Health
$33M
San Francisco, CA-based telemental health provider
USIT, AMD Ventures, Koch Disruptive Technologies, Temasek, IAG Capital Partners, Samsung Catalyst, Smart Global Holdings, Porsche, Engine Ventures, M-Ventures, and Tyche Partners
Celestial AI
$175M
Santa Clara, CA-based developer of optical interconnect solutions
Point72 Ventures, W.R. Berkley Corporation, Eos Venture Partners, Guidewire Software, and Rev1 Ventures
Champ Titles
$18M
Cleveland, OH-based vehicle title and registration platform
Entrée Capital and IN Venture
Confetti
$16M
New York, NY-based team-building platform
Andreessen Horowitz, Polygon Labs, StarkWare, Taiko, and Offchain Labs
Espresso Systems
$28M
Menlo Park, CA-based “shared sequencing” blockchain startup
Engine Ventures, 3M Ventures, and NextEra Energy
Evoloh
$20M
Santa Clara, CA-based maker of electrolyzers for hydrogen production
Bessemer Venture Partners, 8VC, and Elad Gil
Fieldguide
$30M
San Francisco, CA-based developer of AI-enabled tools for accountants
Energy Impact Partners
Finite State
$20M
Columbus, OH-based provider of software supply chain security solutions
Benchmark, Sequoia Capital, Databricks Ventures, and Frank Slootman
Fireworks.ai
$25M
Redwood City, CA-based production AI platform
Key1 Capital, Euclidean Capital, Hamilton Lane, Blumberg Capital, and Team8
FundGuard
$100M
New York, NY-based investment accounting platform
Bain Capital Ventures, Tribeca Venture Partners, Dundee VC, Expa and Bling Capital
Gather AI
$17M
Pittsburgh, PA-based provider of drone-powered warehouse inventory monitoring
EQT Ventures, Union Square Ventures, Nat Friedman & Daniel Gross, Metaplanet, Northwell Holdings, Comcast Ventures, and LG Technology Ventures
Hume AI
$50M
New York, NY-based developer of AI that understands human emotion
General Catalyst, .406 Ventures, Valtruis, Mass General Brigham Ventures, and Hopelab Foundation
InStride Health
$30M
Boston, MA-based provider of pediatric treatments for anxiety and OCD
Greenbacker Capital
Lightshift
$100M
Arlington, VA-based developer of utility-scale energy storage solutions
Allegis Capital, Nationwide Ventures, Northwestern Mutual Future Ventures, Plug and Play Ventures, and Motley Fool Ventures
NewRetirement
$20M
Mill Valley, CA-based financial planning startup
Index Ventures, Maverick Ventures, TCV, YC, Thrive Capital, and BoxGroup
Nourish
$35M
New York, NY-based telenutrition startup
Sutter Hill Ventures, Snowflake, Capital One Ventures, and Madrona
Observe
$125M
San Mateo, CA-based SaaS observability startup focused on machine-generated data.
Atomico, Kinnevik, Octopus Ventures, YC, Eight Roads, and GreyMatter Capital
Pelago
$58M
New York, NY-based virtual substance abuse treatment startup
Canvas Ventures and Plural
PipeDreams
$25.5M
San Francisco, CA-based home services provider
Spark Capital, Insight Partners, Air Street Capital, AIX Ventures, Convergent Ventures, and Google chief scientist Jeff Dean
Profluent
$35M
Berkeley, CA-based protein design startup
Khosla Ventures
Skyflow
$30M
Palo Alto, CA-based data privacy vault
Paradigm, Robot Ventures, and Standard Crypto
Succinct
$43M
San Francisco, CA-based developer of zero-knowledge proof tools
Bessemer Venture Partners, The General Partnership, XYZ Ventures, and Pallas Ventures
TurbineOne
$15M
San Francisco, CA-based provider of government machine learning solutions
USV and Battery Ventures
Viam
$45M
New York, NY-based robotics startup
Index Ventures
Vizcom
$20M
San Francisco, CA-based industrial design startup
Sequoia Capital, Cyberstarts, Cerca Partners, and Penny Jar
Zafran
$30M
New York, NY-based security risk and mitigation startup
Viola Fintech, Intuit Ventures, Framework Venture Partners, and Export Development Canada
ZayZoon
$15M
Phoenix, AZ-based earned wage access provider for SMBs
Venture Capital Deals
Riverwood Capital, Silver Lake Waterman, and Advent International
BigID
$60M
New York, NY-based data security company
B Capital and USVP
Carlsmed
$52.5M
Carlsbad, CA-based developer of personalized spine surgery tech
F-Prime Capital, Forbion, Norwest Venture Partners, RiverVest Venture Partners, Red Tree Venture Capital, Abrdn, Ysios Capital, Longwood Fund, Eight Roads Ventures, and Pivotal Life Sciences
Engrail Therapeutics
$157M
San Diego, CA-based precision neuroscience startup
Jump Crypto, Pantera Capital, and Lightspeed Faction
Figure Markets
$60M
San Francisco, CA-based decentralized crypto exchange
Pritzker Group VC, Tribeca Venture Partners, Bessemer Venture Partners, Interplay Venture Capital, FJ Labs, HPA, Bridge Ventures, Correlation Ventures, Forefront Venture Partners, and Gaingels
Fuel Me
$18M
Chicago, IL-based fuel procurement platform
Premji Invest, General Catalyst, SV Angel, Memorial Hermann Health System, a16z, Cincinnati Children’s, WellSpan Health, and Universal Health Services
Hippocratic AI
$53M
Palo Alto, CA-based developer of an LLM for health care
Bain Capital Ventures, Khosla Ventures, First Round Capital, Box Group, Collaborative Fund, Quiet Capital, and Todd & Rahul’s Angel Fund
Loyal
$45M
San Francisco, CA-based developer of longevity drugs for dogs
Arch Venture Partners, OrbiMed, Fairmount, Fidelity, Point72, Farallon Capital Management, Boxer Capital, TCGX, Invus, Logos Capital, Moore Strategic Ventures, Blue Owl, Sanofi Ventures, Woodline Partners, Venrock, RTW Investments, and Alexandria Venture Investments
Mirador Therapeutics
$400M+
San Diego, CA-based developer of precision medicines for inflammatory and fibrotic diseases
Revolution Growth, Proof, Sentinel Global, Playground Global, Prologis Ventures, Bow Capital, Telstra Ventures, AME Cloud Ventures, and Schematic Ventures
Pandion
$41.5M
San Francisco, CA-based residential parcel delivery startup.
NEA, GV, Accel, Bain Capital Ventures, Forerunner, Alpine and Harmony, and Watar Partners
Wonder
$700M
New York, NY-based food delivery platform