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
The Scherzer Deal Report: March 24-28, 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
Churchill Asset Management
New York, NY
$750M
Third collateralized fund obligation fund
Emergence Capital
San Francisco, CA
$1B
Seventh fund
Falfurrias
Charlotte, NC
$1.35B
Sixth fund
Pike Street Capital
Seattle, WA
$199M
Single-asset continuation fund
Private Equity Deals
Aldaron Partners and True Wind Capital
DCM Services
Undisclosed amount
Bloomington, MN-based provider of estate and specialty account recovery solutions
Regent
Foundry
Undisclosed amount
Needham, MA-based publisher of PCWorld and Macworld
Knox Lane
HealthCare Experts Squared
Undisclosed amount
Glenview, IL-based education provider for health-care pros
Brighton Park Capital
Hitrust
Undisclosed amount
Frisco, TX-based provider of information security assurance for risk management and compliance
TA Associates
Nous Infosystems
Undisclosed amount
Edison, NJ-based provider of product and data engineering solutions for digital transformation
Thoma Bravo
PCMI
Undisclosed amount
Park Ridge, IL-based provider of admin software for finance and insurance in the automotive and consumer end markets
Bildmore
Peregrine Energy Solutions
$53M
Boulder, CO-based utility-scale renewables and energy storage developer
Main Post Partners
Rebel Athletic
Undisclosed amount
Carrollton, TX-based provider of cheerleading and other athletic apparel
Sixth Street
San Francisco Giants
Undisclosed amount
San Francisco, CA-based major league baseball team
Forward Consumer Partners
SerVaas Laboratories
Undisclosed amount
Indianapolis, IN-based maker of household cleaning products
AGIC Capital
Solmetex
Undisclosed amoun
tNorthborough, MA-based provider of dental products
RRJ Capital and Andalusian Private Capital
VistaJet
Undisclosed amount
New York, NY-based private jet operator
Venture Capital Deals
Craft Ventures, Inspired Capital, and Rally Ventures
Allen Control Systems
$30M
Austin, TX-based developer of autonomous robotic gun turret
Canaan Partners, Forerunner Ventures, Adverb Ventures, and Factorial Funds
Arcade
$25M
Sevierville, TN -based gen AI marketplace for creating physical products
Bessemer Venture Partners, Owl Ventures, South Park Commons, and Springbank Collective
Brisk
$15M
San Francisco, CA-based AI ed-tech startup
Felicis, A Capital, SV Angel, Nexus Venture Partners, and Paul Graham
Browser Use
$17M
San Francisco, CA-based startup helping AI agents navigate websites
StageDotO
Capital Markets Gateway
$30M
New York, NY-based equity capital markets platform
Ally Bridge Group, Claret Capital Partners, Cardiac Dimensions, Hostplus, M.H. Carnegie, Horizon 3 Healthcare, and Lumira Ventures
Cardiac Dimensions
$53M
Kirkland, WA-based developer of minimally invasive treatments for heart failure and functional mitral regurgitation
Moon, Luma Group, Bausch + Lomb, Jefferson Life Sciences, Innovation Endeavors, Catalio Capital Management, S32, and KdT Ventures
Character Biosciences
$93M
Jersey City, NJ-based developer of drugs for polygenic diseases
Resonance, Headline, Serena Capital, and Balderton Capital
DeepIP
$15M
New York, NY-based AI platform for patent pros
CRV and First Round Capital
Dyna Robotics
$23.5M
Redwood City, CA-based robotics startup focused on tasks like folding and food preparation
Elephant VC and Goldman Sachs Alternatives
Fleetio
$450M
Birmingham, AL-based provider of fleet management software
Creator Sports Capital Manhattan West Private Equity, Sunflower Bank, and Omaha Productions
Good Good Golf
$45M
Frisco, TX-based golf media and lifestyle brand
Marunouchi Innovation Partners, Goldman Sachs, I Squared Capital, Shell Ventures, TOMS Capital, Fortress Investment Group, Olympia Group, and QVT Financial
GridPoint
$45M
Reston, VA-based commercial building decarbonization startup
Droia Ventures, Frazier Life Sciences, Novo Holdings, LifeArc Ventures, and Hummingbird Bioscience
Hillstar Bio
$67M
Boston, MA-based immunology biotech focused on autoimmune diseases
Coatue
Island
$250M
Dallas, TX-based provider of secure enterprise browsers
Zach Kirkhorn, Bullpen Capital, Dorm Room Fund, and Eigen Ventures
Jolly
16.5M
New York, NY-based employee rewards platform
Define Ventures, Flare Capital Partners, GV, and MultiCare Capital Partners
Layer Health
$21M
Brookline, MA-based clinical note analysis startup
Sequoia Capital and Coatue
Mercury
$300M
San Francisco, CA-based banking fintech Goldman Sachs
Alternatives, Vertex Ventures Israel, Grove Ventures, and ALIVE
Navina
$55M
New York, NY-based clinical intelligence startup
Lightspeed Venture Partners, Kleiner Perkins, West
Bridge Capital, Battery Ventures, and Emergent Ventures
Nexthop AI
$110M
Santa Clara, CA-based developer of custom-built networking solutions for hyperscalers
SoftBank, Altimeter, Coatue, Founders Fund, and Magnetar Capital
OpenAI
$40B
San Francisco, CA-based company
Khosla Ventures, Seven Seven Six, and NBA Investments.
Playback
$22M
San Francisco, CA-based “Twitch for sports”
Norwest Venture Partners, Galaxy Ventures, Goldcrest, Thayer, Hard Yaka, Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital
Rain
$24.5M
New York, NY-based credit and debit card issuers that lets users settle in stablecoins
Accel and Bain Capital Ventures
Silna Health
$27M
New York, NY-based health insurance automation startup
S2G Investments
Sunday
$25M
Boulder, CO-based maker of eco-friendly lawn products
Novo Holdings, QIA, Cormorant Asset Management, The Capital Partnership, 415 Capital, AMED Ventures, PA MedTech, and Unorthodox Ventures
Supira Medical
$120M
Los Gatos, CA-based developer of catheter-based ventricular heart pumps
Greenoaks
The Bot Co.
$150M
San Francisco, CA-based robotics startup founded by former Cruise CEO, Kyle Vogt
Spark Capital
Underdog
$70M
Brooklyn, NY-based fantasy sports and sports betting app
Radical Ventures and Felicis
Yutori
$15M
San Francisco, CA-based provider of personal AI assistants
The Scherzer Deal Report: March 17-21, 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
Carr’s Hill Partners
$210M
Debut fund
Marathon Asset Management
$2.7B
Second opportunistic credit fund
Morgan Stanley Infrastructure Partners
$4.1B
Fourth fund
New State Capital Partners
$700M
Fourth fund
Pillar VC
$175M
Fourth fund
SemperVirens
$177M
VC fund
Susa Ventures
$175M
Fifth fund
Weatherford Capital
$300M
Second fund
Private Equity Deals
Aldaron Partners and True Wind Capital
DCM Services
Undisclosed amount
Bloomington, MN-based provider of estate and specialty account recovery solutions
Regent
Foundry
Undisclosed amount
Needham, MA-based publisher of PCWorld and Macworld
Knox Lane
HealthCare Experts Squared
Undisclosed amount
Glenview, IL-based education provider for health-care pros
Brighton Park Capital
Hitrust
Undisclosed amount
Frisco, TX-based provider of information security assurance for risk management and compliance
TA Associates
Nous Infosystems
Undisclosed amount
Edison, NJ-based provider of product and data engineering solutions for digital transformation
Thoma Bravo
PCMI
Undisclosed amount
Park Ridge, IL-based provider of admin software for finance and insurance in the automotive and consumer end markets
Bildmore
Peregrine Energy Solutions
$53M
Boulder, CO-based utility-scale renewables and energy storage developer
Main Post Partners
Rebel Athletic
Undisclosed amount
Carrollton, TX-based provider of cheerleading and other athletic apparel
Sixth Street
San Francisco Giants
Undisclosed amount
San Francisco, CA-based major league baseball team
Forward Consumer Partners
SerVaas Laboratories
Undisclosed amount
Indianapolis, IN-based maker of household cleaning products
AGIC Capital
Solmetex
Undisclosed amoun
tNorthborough, MA-based provider of dental products
RRJ Capital and Andalusian Private Capital
VistaJet
Undisclosed amount
New York, NY-based private jet operator
Venture Capital Deals
Flagship Pioneering and Eli Lilly
Ampersand Biomedicines
$65M
Boston, MA-based biotech whose lead candidates focus on immuno-inflammation and immuno-oncology
Mercedes-Benz, Japan Post Capital, ARK Invest, Helium-3, Magnetar, RyderVentures, and Korea Investment Partners
Apptronik
$53M
Austin, TX-based developer of humanoid robots
Arch Venture Partners, TCGX, QIA, Partners Investment, Revelation Partners, and Kerna Ventures
Arbor Biotechnologies
$73.9M
Cambridge, MA-based developer of liver-targeting gene therapies
8VC
Augment
$25M
San Francisco, CA-based logistics platform
8VC
Cognition AI
Undisclosed amount
New York, NY-based coding assistant maker
Ferroglobe, Zeon Ventures, Lane Ventures, Entrada Ventures, Foothill Ventures, Helios Climate Ventures, Translink Investment, Trousdale Ventures, and Asymmetry Ventures
Coreshell
$24M
San Leandro, CA-based silicon anode maker
Ribbit Capital, Franklin Templeton, Nyca, First Round, Lightspeed Faction, and HF0
Crossmint
$23.6M
Orlando, FL-based enterprise blockchain development startup
Accel, Menlo Ventures, Anthropic, Shopify Ventures, Figma Ventures, a16z and The General Partnership
Graphite
$52M
New York, NY-based code review platform
3Spoke Capital, Joseph Stone Capital, Liberty Street Funds, Pegasus Tech Ventures, Pinegrove Capital Partners, Portfolia, and ROC Venture Group
GrubMarket
$50M
San Francisoc, CA-based food B2B marketplace
A16z, Avalanche Blizzard Fund, Credibly Neutral, and Alt Layer
Halliday
$20M
San Francisco, CA-based blockchain payments startup
Mainsail Partners
Inn-Flow
$45M
Raleigh, NC-based provider of hotel back-office management and accounting software
Avenir, Primary Venture Partners, Story Ventures, Third Prime, and Studio VC
Inspiren
$35M
New York, NY-based provider of AI tools for senior living
Blue Owl Capital, Deep Track Capital, Access Biotechnology, Qatar Investment Authority, and Sanofi Ventures
Latigo Biotherapeutics
$150M
Thousand Oaks, CA-based developer of non-opioid pain management drugs
USVP, Gilde Healthcare, Longitude Capital, Osage University Partners, Action Potential Venture Capital, GPG Ventures, The Vertical Group, and Exceller Hunt Ventures
MicroTransponder
$65M
Austin, TX-based developer of stroke rehabilitation neurostimulators
Kleiner Perkins, BoxGroup, A*, Mischief, and Workshop
Multiply Mortgage
$23.5M
Boulder, CO-based provider of mortgages as an employee benefit
General Atlantic, Lead Edge Capital, and StepStone
Nerdio
$500M
Chicago, IL-based provider of Microsoft Azure deployment automation solutions
Coatue, Craft Ventures, Vanguard, Blackstone Innovations Investments, Bain Capital, New York Life Ventures, Citi Ventures, TIAA Ventures, and Marc Benioff
Norm AI
$48M
New York, NY-based regulatory compliance automation startup
Greycroft, Zoom Ventures, Emergent Ventures, WestWave, TGV, Manulife Ventures, and Alumni Ventures
Prezent
$20M
Los Altos, CA-based AI-powered business communication and presentation productivity platform
Insight Partners
Proscia
$50M
Philadelphia, PA-based provider of pathology digitization software
Goldman Sachs Alternatives, Statkraft, and Equinor Ventures
SkySpecs
$20M
Ann Arbor, MI-based renewable infrastructure monitoring startup
Nyca Partners, Wing VC, NFX, Haymaker Ventures, Gaingels, and Cerca Partners
Utila
$18M
New York, NY-based digital asset operations platform