Scherzer Blog

The Scherzer Deal Report: January 16-20, 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

$3B
Second direct lending fund
 
$2.1B
Third flagship growth equity fund
 
$22.2B
Ninth global PE secondaries fund
 
$2.7B
GP-led continuation fund strategy
 
$100M
Third fund
 
$125M
Venture arm focused on web3 startups
 
$850M
Fourth fund

Private Equity Deals

HGGC
Undisclosed
Provo, UT-based provider of management services to dental practices
 
Antin Infrastructure Partners
Undisclosed
New York and Pennsylvania-based fiber-to-the-premise broadband provider
 
Sun Capital Partners
Undisclosed
San Marcos, CA-based grower of microgreens and edible flowers for food service and retail customers
 
Wind Point Partners
Undisclosed
Saugus, CA-based provider of water treatment solutions
 
BlackRock
Undisclosed
San Francisco, CA-based provider of 401(k)s for small and mid-sized businesses.
 
Gridiron Capital
Undisclosed
Tampa, FL-based provider of residential HVAC, plumbing, and electrical services
 
Resurgens Technology Partners
Undisclosed
Glen Allen, VA-based provider of maintenance, operations, and management software for mission-critical facilities
 
Avesi Partners
Undisclosed
Petaluma, CA-based provider of adolescent-focused behavioral health services
 
One Equity Partners
Undisclosed
Virginia Beach, VA-based IT services firm focused on the public sector.
 
Quad-C Management
Undisclosed
Rochester, NY-based provider of MRF polishing and SSI metrology manufacturing solutions
 
Argosy Private Equity
Undisclosed
Michigan Center, MI-based provider of parts for machinery installation systems
 
General Atlantic
Undisclosed
Salt Lake City, UT-based operator of 11 pet care centers in five states
 
JMI Equity
Undisclosed
Carlton, OR-based provider of visual sales and marketing solutions for the hospitality and event industries
 
Astara Capital Partners
Undisclosed
Jeffersonville, IN-based snackfood and cereal maker

 

Venture Capital Deals

Norwest Venture Partners, Homebrew
$15M
Santa Clara, CA-based pricing startup based on usage
 
Blue Heron Capital, Beringea, Indiana Next Level Fund/50 South Capital Advisors, High Alpha, Mutual Capital Partners, Signal Peak Ventures, Allos Ventures, Elevate Ventures, M25
$20M
Indianapolis, IN-based provider of conversational intelligence solutions to the healthcare market
 
Taiwania Capital, IPM Group, Alpha Intelligence Capital, H&D Asset Management, Venture to Future Fund, Kolowrat Group
$19M
Erlanger, KY-based provider of warehouse automation solutions
 
Bright Pixel Capital, Eclipse, GC1 Ventures, TechNexus Venture Collaborative, Anti Fund VC, Imaginary Ventures, Foundation Capital, White Star Capital
$15M
New York, NY-based commerce platform-as-a-service
 
Vertex Ventures, Sequoia Capital, GTMFund, Neythri Futures Fund
$15M
Palo Alto, CA-based go-to-market operating system for revenue teams
 
Digital Alpha, Eight Roads Ventures Japan, INCJ, Intel Capital, Japan Post Investment Corporation, Silicon Valley Bank, Tinshed Asia, Wilson Sonsini Investments
$60M
San Mateo, CA-based hybrid cloud data management and storage provider
 
Five Elms Capital
$27.5M
Malibu, CA-based contract management platform
 
Conti Ventures, Rabo Food & Ag Innovation Fund, CNH Industrial, Louis Dreyfus Company Ventures, CHS, Growmark’s Cooperative Ventures
$27.6M
Arlington, VA-based soil data provider
 
Silversmith Capital Partners
$104M
Syracuse, NY-based provider of digital engagement software for automakers
 
Valar Ventures, Tiger Global, Amplo, Pareto Holdings, Quiet Capital
$20M
San Francisco, CA-based provider of open banking API solutions
 
Temasek, Lowercarbon Capital, Toyota Ventures, Felicis Ventures
$21M
San Francisco, CA-based developer of plants that can capture and store carbon
 
Foundry Group, BMW i Ventures, Edison Partners, ATX Venture Partners
$42M
Houston, TX-based electronic manufacturing tech platform
 
Clean Energy Ventures, Aramco Ventures, Emerson Collective, At One Ventures, Mistletoe, Doral Energy-Tech Ventures
$28M
Palo Alto, CA-based developer of high-density carbon-oxygen batteries
 
FM Capital, ADIA, Nvidia, B37 Ventures, Lineage Ventures, Presidio Ventures, Sumitomo Corp., ROBO Global Ventures, Koch Disruptive Technologies, NEA
$73M
Golden, CO-based developer of autonomous electric yard trucks
 
Abingworth, Carlyle, OrbiMed, Catalys Pacific, DaVita Venture Group
$150M
Raleigh, NC-based biotech focused on secondary hyperparathyroidism in patients on hemodialysis.
 
Norwest Venture Partners, Viking Global Investors
$80M
Valencia, CA-based startup focused on chronic autoimmune diseases.
 
LTV SaaS Growth Fund
$35M
Austin, TX-based provider of the cart and funnel software for SMEs
 
Felicis Ventures, DFJ Growth, Aloft VC, General Catalyst, Point72, Costanoa Ventures, Shield Capital
$75M
Palo Alto, Calif.-based ML startup focused on national security

The Scherzer Deal Report: January 9-13, 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

$5B
Fifth infrastructure debt fund
 
$12.9B
Fifth GP solutions fund
 
Eighth mezzanine debt fund
 
$450M
Second fund
 
$6B
Ninth fund

Private Equity Deals

Goldman Sachs and Everstone Capital Partners
Undisclosed
San Mateo, CA-based tech consultancy
 
Vista Equity Partners
$2.6B
Boston, MA-based provider of insurance industry SaaS
 
Garnett Station Partners
Undisclosed
Richmond, VA-based express car wash chain
 
OceanSound Partners
Undisclosed
Harrisburg, PA-based provider of infrastructure consulting services
 
Alpine Investors
Undisclosed
Miami, FL-based provider of revenue cycle management services to the health care industry
 
Compass Equity Group
Undisclosed
Cranston, RI-based developer of polymer-based products focused on thermoset polyurethane elastomers
 
Fort Point Capital
Undisclosed
Eastpoint, IL-based vacation rental management platform
 
Thoma Bravo, Sunstone Partners
Undisclosed
San Francisco, CA-based user experience testing platform
 
McNally Capital
Undisclosed
McLean, VA-based provider of defense and national security solutions

 

Venture Capital Deals

Norwest Venture Partners, Atomic, Transpose Platform, Spring Tide Capital
$22M
San Francisco, CA-based accidental payments mitigation startup
 
USIT
$60M
San Francisco, CA-based provider of on-demand Earth observation data via space radar
 
Avanta Ventures, MetaProp, M13, Madrona
$21.5M
San Francisco, CA-based rental property management startup
 
Agronomics, Siddhi Capital, CPT Capital, Thia Ventures, 8090 Industries, Echo
$20M
New York, NY-based fermentation platform for producing alt proteins
 
8VC, Metrodora, the Female Founders Fund, Collaborative Fund, Alumni Ventures
$19.1M
New York, NY-based maternity care startup
 
KKR, Abdiel Capital, Tiger Global
$228M
Boston, MA-based provider of low-code app development tools
 
Clearlake Capital, Health Velocity Capital
$300M
Irving, TX-based health care staffing company
 
Era Ventures, Parker89, Montage Ventures, Foundamental, Global Founders Capital, Activant Capital, Gaingels, Elefund, Arkin Holdings
$29M
New York, NY-based luxury homebuilding platform
 
Moneta Ventures, Align Capital, Green Park & Golf Ventures, Chevron Technology Ventures, Piva Capital, Perot Jain, Capital Factory
$21.2M
Dallas, TX-based industrial automation startup
 
Bank of America, Goldman Sachs
$125M
San Francisco, CA-based market infrastructure platform for global carbon and environmental commodities

The Scherzer Deal Report: January 2-6, 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

$750M
Second fund
 
$737M
Second junior capital opportunities fund
 
$2.1B
The fifth direct co-investment fund
 
$325M
Second fund

Private Equity Deals

Planet DDS
Undisclosed
Roswell, GA-based cloud software for dental practices
 
SAI Med Partners
Undisclosed
Waltham, MA-based pharma and healthcare market research firm
 
Cressey & Co., Health Enterprise Partners
Undisclosed
Alachua, FL-based health care tech management services firm
 
Delos Capital, The Silverfern Group
Undisclosed
Le Sueur, MN-based provider of aluminum castings and plastic injection molding components
 
BC Partners
$750M
New York, NY-based provider of B2B digital marketing services
 
DW Healthcare Partners
Undisclosed
New York, NY-based medical education company
 
Butterfly
Undisclosed
Eden Prairie, MN-based ingredient manufacturer, focused on raw dairy imports.
 
Golden Gate Capital
Undisclosed
San Francisco, CA-based wealth management firm
 
Ridgemont Equity Partners
Undisclosed
Randolph, MA-based logistics company
 
Partners Group
Undisclosed
Canada and Chicago, IL-based personal protective equipment and safety gear provider
 
Vestar Capital Partners, Windhover Capital
Undisclosed
Santa Maria, CA-based frozen berry processor and ingredient provider
 
LionTree
Undisclosed
Miami, FL-based streaming ad tech platform

 

Venture Capital Deals

BioStar Capital
$20M
Boston, MA-based medical device maker focused on calcified arterial disease.
 
Horizon 3 Healthcare, Arboretum Ventures, Hostplus, EQT Life Sciences, Lumira Ventures, M. H. Carnegie & Co.
$35M
Kirkland, WA-based developer of heart failure treatments
 
GreatPoint Ventures, Bow Capital
$16M
New York, NY-based precision exposome sequencing startup
 
Morgan Stanley Tactical Value, Goldman Sachs Asset Management, Ontario Teachers’ Pension Plan, CPP Investments
$401M
Santa Clara, CA-based cloud access security company
 
Slow Ventures, Coatue, K5 Global, Mantis Ventures, Peter Fenton, Jerry Murdock
$18M
Los Angeles, CA-based mobile performance management platform
 
Manulife Investment Management, TD Asset Management, Mountain Group Partners
$375M
Nashville, TN-based renewable power producer
 
Brookfield Growth
$25M
Seattle, WA-based contract lifecycle management startup
 
Column Group
$100M
Menlo Park, CA-based developer of engineered cytokine therapeutics

The Scherzer Deal Report: December 12-31, 2022

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

$700M
Second midmarket PE fund
 
$866M
Third real estate tech VC fund
 
$32.4B
15th flagship tech buyout fund ($24.3B), fourth Discover fund ($6.2B), and Explore fund ($1.8B)
 
$200M
Second climate tech fund
 
$400M
13th flagship VC fund
 
$530M
Fourth structured capital fund

Private Equity Deals

Coral Tree Partners
Undisclosed
Grand Rapids, MI-based digital jukebox business
 
EQT Partners
Undisclosed
Lawrenceville, NJ-based B2B accounts receivable automation and integrated payments company.
 
Alterna Equity Partners
Undisclosed
Miami, FL-based long-haul transportation and logistics services company
 
Thoma Bravo
Undisclosed
San Mateo, CA-based business spend management software provider.
 
Platinum Equity Harbison
Undisclosed
Pittsburgh, PA-based provider of refractory products and services
 
Wynnchurch Capital
Undisclosed
Houston, TX-based MRO services firm
 
Vector Capital
$100M
Santa Clara, CA-based cybersecurity company
 
The Halifax Group
Undisclosed
Fremont, CA-based IT services firm
 
Manulife Investment Management
$100M
Pasadena, CA-based solar and EV charging company
 
TSG Consumer Partners
Undisclosed
Denver, CO-based portfolio of brands in the beauty, wellness, and self-care sectors
 
Bansk Group
Undisclosed
Franklin, TN-based brand of frozen burritos and breakfast sandwiches
 
TELEO Capital Management
Undisclosed
Indianapolis, IN-based cloud contact center platform
 
Level Equity Team
Undisclosed
Columbus, OH-based provider of work management software
 
BDT Capital Partners
Undisclosed
Palatine, IL-based grill-maker

 

Venture Capital Deals

Widjaja Family Investment Office
$18M
Broomfield, CO-based developer of medical tech for chronic disease management
 
Global Impact Fund
$17M
Washington, DC-based seller of OTC medicines and reusable packaging
 
Wellington Management
$200M
New York, NY-based business data analytics platform
 
Brighton Park Capital
$40M
Mountain View, CA-based provider of online fraud detection and risk management software for financial services and e-commerce
 
Connect Ventures
$20M
El Segundo, CA-based AI entertainment startup
 
Cohort Ventures, LG Technology Ventures, Edison International, Prelude Ventures, Radar Partners
$28M
Menlo Park, CA-based battery management startup
 
Anzu Partners, AlleyCorp, Scout Ventures, Silicon Catalyst Angels, Schams Ventures, E14 Fund, Alumni Ventures
$21.7M
Santa Clara, CA-based edge AI startup
 
Microsoft’s Climate Innovation Fund, Lightrock Climate Impact Fund, Moore Strategic Ventures, Oman Investment Authority, Molicel
$214M
Woodinville, WA-based developer of battery anode technology that uses silicon instead of graphite
 
Johnson & Johnson Innovation, Venture Investors, Lumira Ventures, Yonjin Venture, the State of Wisconsin Investment Board
$85M
Minneapolis, MN-based developer of sonic beam therapy for treating tumors
 
Mayfield
$17M
New York, NY-based contract analysis platform
 
Sixth Street Growth
$150M
Salt Lake City, UT-based provider of life sciences manufacturing software
 
Long Ridge Equity Partners
$62M
Atlanta, GA-based cloud customer engagement platform
 
Lightspeed Venture Partners, Coatue
$50M
San Francisco, CA-based startup focused on secure application ingress.
 
CAVU Consumer Partners
$25M
Dallas, TX-based prebiotic soda brand
 
Prime Movers Lab
$15M
Rockville, MD-based developer of cislunar spacecraft
 
CPP Investments
$200M
San Francisco, CA-based energy-as-a-service startup
 
Builders VC, McKinley Management, George Kaiser Family Foundation, Energy Innovation Capital, Moog Inc. 
$38M
Santa Clara, CA-based developer of autonomous heavy equipment
 
US Innovative Technology Fund
$60M
San Diego, CA-based developer of AI pilots for aircraft
 
C&S Family Capital, FS, Toba Capital, Lerer Hippeau Ventures, Primary Venture Partners, TriplePoint Capital
$40M
New York, NY-membership-based chain of veterinary clinics
 
Qatar Investment Authority, Evolution Equity Partners, G Squared, Irving Investors, Boldstart Ventures, Sands Capital, Tiger Global
$196.5M
Boston, MA-based developer security company
 
Bessemer Venture Partners, Insight Partners
$28M
New York, NY-based no-code config tool for Salesforce software
 
Arch Venture Partners, Gates Frontier, Bezos Expeditions, Reliance Digital Health Limited, Greenoaks, Alumni Ventures, Moore Strategic Ventures, Project X, Khosla Ventures, NeuroTechnology Investors, METIS, Forepont Capital Partners, ID8 Investments, Shanda Group, University of Melbourne
$75M
New York, NY-based developer of an endovascular brain-computer interface
 
GGV Capital, Iconiq, Cowboy Ventures, Costanoa Ventures
$52M
New York, NY-based accounting automation startup

The Scherzer Deal Report: December 5-9, 2022

This week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies was brought to you by Scherzer International.

Fundraising for PE & VC Funds

$347M
Fourth flagship fund and its first opportunities fund
 
$3.12B
CETP V, a pan-European technology fund
 
$5.185B
Seventh flagship buyout fund ($4.3B) and second junior capital fund ($835M)

Private Equity Deals

Greenbriar Equity Group
Undisclosed
Stockton, CA-based provider of complex composite and metal-bonded structural assemblies.
 
Investcorp, PSP Investments
Undisclosed
McLean, VA-based business advisory firm
 
Clearlake Capital Group, LionTree, Fidelity, Silver Lake, SoftBank
$700M
Jacksonville, FL-based sports merchandising giant
 
Tiger Infrastructure Partners
Undisclosed
Irvine, CA, and Ireland-based aviation services provider
 
Antin Infrastructure Partners
Undisclosed
Coral Gables, FL-based fiber broadband provider
 
Green Rock Energy Partners
Undisclosed
South Park Township, PA-based renewable natural gas production facility
 
Mill Point Capital
Undisclosed
Garden City, NY-based maker of frozen pasta
 
Lincolnshire
Undisclosed
Caldwell, ID-based provider of consumables and light equipment to automotive collision shops and dealerships

 

Venture Capital Deals

Deep Track Capital, RTW Investments, Fairmount, Venrock Healthcare Capital
$149M
Waltham, MA-based biotech focused on inflammatory and immunological disorders.
 
Lightspeed Venture Partners, Bain Capital Ventures
$15M
Los Altos, CA-based provider of resale software for brands
 
Hack VC, Blockchain Capital, SignalFire, Valor Equity Partners, Arca, Pulsar Trading, Alumni Ventures Blockchain Fund
$15M
San Francisco, CA-based provider of crypto tax accounting and compliance software
 
Magnetar Capital
$100M
Roseland, NJ-based cloud provider focused on GPU-accelerated workloads.
 
Westlake Village BioPartners, Corner Ventures, Alexandria Venture Investments, Caltech
$47M
Thousand Oaks, CA-based developer of targeted medicines for solid tumors
 
Iconiq Growth, GGV Capital
$200M
San Diego, CA-based security compliance and automation platform
 
WestCap, Sator Grove
$40M
Chicago, IL-based senior talent recruiting platform
 
Edison Partners, Roviant Sciences
$21M
New York, NY-based clinical trial intelligence startup
 
Ten Coves Capital, Fiserv, Derive Ventures
$45M
Arlington, VA-based restaurant management and bill payment platform
 
3VC, NordicNinja VC, Maersk Growth, Atomico, Project A, Metaplanet, Taavet+Sten
$20M
Mountain View, CA-based provider of business negotiation tech
 
XYZ Venture Capital
$17M
Seattle, WA-based health benefits startup focused on small startups
 
Gerdau, Western Technology Investments, ATEL Capital, Asahi Kasei, Unreasonable Collective
$30M
Rialto, CA-based home design and prefabrication tech startup
 
Andreessen Horowitz, Stonecroft, 75andSunny, Fifth Wall, 645 Ventures, NextView Ventures, LiveOak Venture Partners, Vesta Ventures, ATX Venture Partners
$43M
Austin, TX-based provider of infrastructure solutions for warehouse transactions
 
Sway Ventures, C16 Ventures, ATX Venture Partners, Lockheed Martin Ventures, Valor Equity Partners, Draper Associates
$41M
El Segundo, CA-based space data analytics startup
 
Partners Investment, NEOM Investment Fund, KT Corp., PureTech Health, M Ventures, MP Healthcare Venture Management, Neoteny, Evidity Health Capital
$19.25M
Boston, MA-based developer of vocal biomarker tech
 
Helios Climate Ventures, OGCI Climate Investments, Japan Energy Fund, Senator Investment Group, Standard Industries
$54M
Tualatin, OR-based developer of nickel-zinc battery materials

The Scherzer Deal Report: November 28-December 2, 2022

This week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies was brought to you by Scherzer International.

Fundraising for PE & VC Funds

$1.1B
2022 Global Fund
 
$20M
Debut fund

Private Equity Deals

Stellex Capital, Eldridge
Undisclosed
Moon, PA-based provider of engineered parts and services for railroad rolling stock
 
Hyperion Capital Partners, Mereo Capital Partners
Undisclosed
Dekalb, IL-based maker of thermoformed blister and clamshell packaging, plus blister seal machines
 
EnCap Investments
Undisclosed
Houston, TX-based provider of Jones Act-compliant offshore wind turbine installation vessels
 
Shoreline Equity Partners
Undisclosed
Alpharetta, GA-based provider of roofing and re-roofing services in the Southeastern US
 
MiddleGround Capital
Undisclosed
Gap, PA-based maker of precast concrete tanks for the water and wastewater treatment market
 
Cloud 9 Software
Undisclosed
Birmingham, AL-based dental practice management platform
 
Concentric Equity Partners, Summer Street Capital Partners
Undisclosed
Dallas, TX-based non-hazardous solid waste and recycling collection firm
 
Warburg Pincus
Undisclosed
San Diego, CA-based specialty insurance program manager
 
Investcorp
Undisclosed
Greenwich, CT-based CLO manager
 
Audax Private Equity
Undisclosed
Tampa, FL-based operator of around 100 franchised and company-owned weight-loss and wellness clinics
 
MML Capital On
Undisclosed
Deer Park, TX-based provider of industrial safety and maintenance services
 
Palladium Equity Partners
Undisclosed
San Diego, CA-based PR firm

 

Venture Capital Deals

Valor Equity Partners, Founders Fund, Andreessen Horowitz, General Catalyst, 8VC, Lux Capital, Thrive Capital, DFJ Growth, Elad Gil, Lachy Groom, Human Capital, Marlinspike, WCM Investment Management, MVP Ventures, Lightspeed Ventures, US Innovative Technology Fund
$1.48B
Irvine, CA-based defense tech company
 
Convent Capital, General Mills, Cibus Capital, Rabobank, MS&AD, Firstime, J-Ventures, Plug&Play, iAngels, Gaingels, UpWest
$42M
Fresno, CA-based apiculture startup
 
Khosla Ventures, Deep Insight, Sixty Degree Capital
$43.2M
Los Angeles, CA-based developer of tiny robots to deliver drugs into the brain
 
The Column Group, Lux Capital, Two Sigma Ventures, Evotec, Bristol Myers Squibb, Alexandria Venture Investments, Dolby Family Ventures
$96M
Seattle, WA-based biotech focused on neurodegenerative disease.
 
Thrive Capital, Greenoaks Capital
$30M
Seattle, WA-based medical consulting startup
 
Madrona, Alkeon, Tiger Global, Wing VC, Citi Ventures, SAP.io, Nvidia
$47M
San Francisco, CA-based speech-to-text platform
 
NEA, Abingworth, Forge Life Science Partners, Avego, PFM Health Sciences, The Eleven Fund, Column Group, 5AM Ventures, Redmile Group, Cowen Healthcare Investments, Sanofi Ventures, Osage University Partners, Altitude Life Science Ventures
$120M
San Diego-based biotech focused on neurosensory-inflammatory disorders.
 
Polychain Capital, Protocol Labs, Arweave, Coinbase Ventures, Digital Currency Group, North Island Ventures, Distributed Global, The LAO, Argonautic Ventures
$25M
New York, NY-based web3 developer platform
 
Mayfield, Clear Ventures, Addition, Qualcomm Ventures
$116M
San Jose, CA-based maker of solid-state chips for active device cooling
 
Headline, LFX Venture Partners, Palm Drive Capital, Mucker Capital, Cornerstone Ventures, Red Building Capital
$23M
Los Angeles, CA-based freight forwarding startup
 
Pendulum, Cercano Management, Cohen Circle, The George Kaiser Family Foundation, NextEra Energy, Bank of America, Citi Ventures, PNC, Popular, Truist Ventures, TTV Capital, Wells Fargo
$45M
Atlanta, GA-based digital banking platform for Black and Latino individuals and businesses
 
Advent International, .406 Ventures, RRE Ventures, Top Tier Capital, Comcast Ventures
$25M
New York, NY-based no-password authentication startup
 
Novo Holdings, Lyfe Capital, Versant Ventures, OrbiMed Advisors
$65M
Philadelphia, PA-based gene editing startup
 
General Catalyst
$60M
San Francisco, CA-based wedding planning platform
 
Goldman Sachs, G2 Venture Partners, Slack, Scale Venture Partners
$117M
Wilmington, MA-based warehouse robotics developer
 
Catalio Capital Management, Intel Capital
$17M
Houston, TX-based provider of virtual care and analytics
 
Vensana Capital, Broadview Ventures, Epidarex Capital, Georgia Research Alliance Venture Fund
$20M
Atlanta, GA-based developer of medical devices for mitral heart valve repair
 
Piva Capital, Arsenal Growth Equity
$33M
Orlando, FL-based last-mile transportation visibility solution
 
GV, Decibel, Okta Ventures, Ballistic Ventures, SYN Ventures
$26M
Palo Alto, CA-based security platform-as-a-service
 
Sound Ventures, Seven Seven Six, Blockchange Ventures, Avalanche’s Blizzard Fund, C2 Ventures
$18M
Los Angeles, CA-based creator marketing and collaboration startup
 
M Ventures, SCC Soft Computer, Koç Holding
$15.2M
Los Angeles, CA-based digital pathology startup
 
Declaration Partners, 14W, CRV, Adam Grant, Gwyneth Paltrow, Jessica Alba, Brian Kelly
$26M
Carlsbad, CA-based resort booking platform
 
Andreessen Horowitz, Ancient8, Animoca Brands, Gumi Cryptos Capital, Harrison Metal Capital, Makers Fund, Merit Circle, Transcend
$15M
San Mateo, CA-based web3 game studio
 
Cox Enterprises, Pendulum Holdings
$35M
Atlanta, GA-based coworking and warehouse space startup
 
Edison Ventures, Forgepoint Capital
$31M
Newark, NJ-based identity hygiene company
 
Fin VC, Mastercard, Proof Ventures, Trestle, Espresso Capital
$35M
New York, NY-based spend management startup
 
General Catalyst, Byers Capital, BoxGroup
$67M
San Francisco, CA-based clinical research organization
 
Soma Capital
$15M
San Francisco, CA-based credit card startup
 
Baird Capital, Spring Lake Equity Partners, Bessemer Venture Partners, Menlo Ventures, High Alpha
$31.5M
Indianapolis, IN-based SaaS management startup

The Scherzer Deal Report: November 21-25, 2022

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 and Lucas and Associates, LLC.

Fundraising for PE & VC Funds

$2.4B
Long-only credit fund
 
$4.2B
Sixth co-investment fund
 
$83M
Debut fund
 
$1B
Private equity fund focused on decarbonization

Private Equity Deals

CIVC Partners
Undisclosed
New York, NY-based niche insurance distribution platform
 
Hellman & Friedman, Permira
Undisclosed
San Francisco, CA-based customer engagement software provider

 

Venture Capital Deals

Crescent Cove Advisors
$27M
Orlando, FL-based developer of ambient clinical sensing tech
 
Arch Venture Partners, Fidelity, Milky Way Investments, VenBio Partners, Deerfield Management, GV, Cormorant Asset Management, T. Rowe Price, Invus, Farallon Capital Management, HBM Healthcare Investments, Casdin Capital, PagsGroup
$178M
Cambridge, MA-based precision medicines developer
 
Aliaxis SA, Ospraie Ag Science, Spark Capital, Stage 1 Ventures, Alkaline Partners
$17.5M
Boston, MA-based vertical farming company
 
7wire Ventures
$220M
San Francisco, CA-based provider of health care financing tools
 
Neuberger Berman
$75M
San Francisco, CA-based lending platform
 
Spectrum Equity
$35M
Stamford, CT-based brand sponsorship marketplace
 
SoftBank, Greenbacker Development Opportunities
$120M
Santa Monica, CA-based virtual power plant startup

The Scherzer Deal Report: November 14-18, 2022

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 and Lucas and Associates, LLC.

PE and VC Firms

$110M
Debut fund
 
$212M
Third seed-stage fund ($109M) and an opportunities fund ($103)
 
$1.8B
Second fund
 
$825M
Debut fund
 
$25M
Debut fund
 
$52M
Second fund
 
$1.85B
Seventh private equity fund
 
$100M
Debut climate tech fund
 
$1.5B
Fourth fund

Private Equity Deals

Kelso & Co.
Undisclosed
Atlanta, GA, and New York, NY-based digital customer experience agency
 
San Francisco Equity Partners
Undisclosed
Chicago, IL-based provider of signage, displays, and related goods to the retail, grocery, and food end markets
 
Prospect Partners
Undisclosed
Ft. Myers, FL-based managed IT and cybersecurity services provider for SMBs.
 
Wind Point Partners
Undisclosed
Coconut Creek, FL-based provider of remotely monitored security for residential community associations
 
Alberta Investment Management Corp.
Undisclosed
San Antonio, TX-based provider of midstream energy solutions
 
Gallant Capital Partners
Undisclosed
Houston, TX-based provider of EMR and practice management software for the behavioral health industry
 
Ara Partners
Undisclosed
Greenville, SC-based renewable fuel logistics and infrastructure provider
 
Sealed Air
Undisclosed
Richmond, VA-based provider of liquid packaging and dispensing solutions
 
Accel-KKR
Undisclosed
Waltham, MA-based provider of compensation data and software
 
MiddleGround Capital
Undisclosed
Andrews, SC-based safety equipment maker
 
Broad Sky Partners
Undisclosed
Atlanta, GA-based tax and accounting firm
 
Centre Partners and Health Enterprise Partners
Undisclosed
Tampa, FL-based
 
Hunter Point Capital, ADQ
Undisclosed
Chicago, IL-based PE firm
 
AE Industrial Partners
Undisclosed
Denver, CO-based provider of small satellites, satellite parts, and mission operation solutions

 

Venture Capital Deals

Valor Siren Ventures, Valor Equity Partners, Fifth Wall, Alley Robotics Ventures, Crosslink Capital, Alumni Ventures, Kevin Love
$30M
New York, NY-based developer of automated massage therapy devices
 
WestCap, NextEquity Partners, Rockpool Capital
$40M
Phoenix, AZ-based cybersecurity platform
 
Obvious Ventures, Andreessen Horowitz, Trinity Ventures, Clocktower Technology Ventures, Chestnut Street Ventures
$33M
San Francisco, CA-based financial care platform for employers
 
Georgian, Insight Partners, Illuminate Ventures
$80M
Austin, TX-based digital content experience platform
 
Anthemis Group, CMFG Ventures, Kapor Capital, Citi Ventures, Gaingels
$15M
New York, NY-based neobank focused on LGBTQIA+ customers.
 
OpenAI Startup Fund, Andreessen Horowitz, Redpoint Ventures, Spark Capital
$50M
San Francisco, CA-based video and audio editing software startup
 
Optum Ventures, Adams Street Partners, Olayan Group, SVB, Pegasus Tech Ventures, Blue Shield of California, Humana, Oak HC/FT, Echo Health Ventures, Questa Capital
$330M
Denver, CO-based provider of in-home medical care
 
One Ventures, Draper Associates, FJ Labs, The Venture Collective, Helios Capital, Giant Step Capital, Gaingels, Spectre, Manhattan West, Mana Ventures
$20M
Seattle, WA-based maker of in-space living and working units
 
Catalio, Bruker, Exact Sciences, Alexandria Venture Investments
$56M
Baltimore, MD-based developer of liquid biopsy diagnostics
 
Sonenshine Fulford Group
$18M
Lexington, MA-based developer of blood processing, storage, and transfusion tech
 
Bain Capital Life Sciences, RA Capital Management, Polaris Partners, Versant Ventures, Avalon Ventures, Pfizer Ventures
$107M
Boston, MA-based biotech that uses a chemoproteomics platform to develop hard-to-drug targets
 
Felicis, BGV, Alven, Techstars
$18M
Sunnyvale, CA-based lead-scoring platform
 
General Catalyst, La Famiglia, Intermountain Ventures, Sequoia Capital, Oak HC/FT, Icon Ventures, Dragoneer Investment Group, Lux Capital
$90M
New York, NY-based startup that connects users to virtual maternal and family health care providers
 
Wellington Management, RA Capital Management, Norwest Ventures Partners, NEA, OrbiMed, Frazier Life Sciences
$115M
Carmel, IN-based biotech focused on endocrine disorders.
 
Andreessen Horowitz, Redpoint Ventures, Madrona, Amplify Partners, Altimeter
$35M
San Francisco, CA-based serverless data analytics platform
 
HP Tech Ventures, Sourcenext, Matrix Partners, Spark Capital, Playground Global
$25M
Boston, MA-based video conferencing startup
 
March Capital, Costanoa Ventures, Foundry Group, Calibrate Ventures, Ubiquity Ventures
$30M
Palo Alto, CA-based provider of 3D environment generation software
 
Ranpak, JS Capital, Schusterman Family Investments, Soros Capital, and Catapult Ventures
$26M
Cambridge, MA-based maker of truck-unloading robots
 
OpenView Venture Partners
$21.5M
Tampa, FL-based automation platform for managed service providers
 
S2G Ventures
$20M
Bethesda, MD-based fintech for home contractors
 
Tyson Ventures
$26M
Bedford, MA-based food industry automation startup
 
Scale Venture Partners, StepStone Group, Modern Venture Partners, Redpoint Ventures, Bessemer Venture Partners
$40M
Burlingame, CA-based developer of CCTV security camera tech
 
Carbon Direct Capital, Aramco Ventures, Chevron Technology Ventures, Lotte Chemical, Toyota Ventures, Evok Innovations, The Engine, Equinor Ventures, Goose Capital, Horizons Ventures, Pan American Energy, Sumitomo
$76M
Houston, TX-based startup seeking to convert light into chemicals
 
Align Ventures, TYH Ventures, Engage Ventures, Human Capital
$16M
Los Angeles, CA-based contract intelligence platform
 
Itochu Corp., Enphase Energy, Sunnova, Rodgers Capital, H+ Partners, Felix Ventures
$17M
Southborough, MA-based solid oxide fuel cell manufacturer
 
Salesforce Ventures, Activate Capital, Emerson Collective, Collaborative Fund, MCJ Collective, Coatue, Breakthrough Energy Ventures, Grok Ventures, The Westly Group
$35M
San Francisco, CA-based provider of electric vehicle data software
 
10D, Atreides Management, Celesta Capital, Gemini Israel Ventures, HPE, Hitachi Ventures, Key1 Capital, Lumir Ventures, Micron Ventures, Mirae Asset Capital, MoreTech Ventures, Norwest Venture Partners, NVIDIA, Qualcomm Ventures, Samsung Catalyst
$135M
Campbell, CA-based data platform provider

The Scherzer Deal Report: November 7-11, 2022

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 and Lucas and Associates, LLC.

PE and VC Firms

$85M
Debut special situations and credit fund focused on biomedical tech companies.
 
$450M
Second opportunistic private credit fund
 
$322M
Debut fund ($216M) and a co-investment fund ($106M)
 
$332M
Third fund

Private Equity Deals

GHO Capital and Vistria Group
Undisclosed
Wilmington, NC-based biotech contract development and manufacturing organization
 
Arsenal Capital Partners
$449M
Princeton, NJ-based maker of drug development biosimulation software
 
Astara Capital Partners
Undisclosed
Sanford, FL-based provider of residential HVAC, plumbing, and other home services
 
Francisco Partners
Undisclosed
San Francisco, CA-based maker of PC gaming hardware
 
Genstar Capital
Undisclosed
Southlake, TX-based mobile device protection company
 
Northleaf Capital Partners
Undisclosed
Topeka, KS-based provider of broadband services to select Midwestern rural markets
 
North Castle Partners
Undisclosed
New York, NY-based fragrance brand
 
5th Century Partners
$20M
San Francisco, CA-based maker of acne treatment products
 
Allied Industrial Partners
Undisclosed
Raleigh, NC-based solid waste management company
 
TSG Consumer Partners and Oak Hill Capital
Undisclosed
Marietta, GA-based provider of residential HVAC, plumbing, and electrical services

 

Venture Capital Deals

Keurig Dr. Pepper, TRB Advisors, Alliance Consumer Growth
$50M
Stratford, CT-based nonalcoholic beer brewer
 
Riverwood Capital
$40M
Miami, FL-based auto customer data and experience platform
 
Nava Ventures, Accel
$15M
San Francisco, CA-based cloud database startup
 
Sageview Capital and Omega Venture Partners co-led and were joined by Gutbrain Ventures and Digitalis Ventures
$41M
Cambridge, MA-based developer of a lab intelligence platform
 
Tracker Capital, Celestra, Intel, Micron
$40M
Santa Clara, the CA-based manufacturer of semiconductors, interconnects to accelerate chiplet-based systems.
 
Lightspeed Venture Partners, Alkeon Capital, Cedars-Sinai, Inflect Health, ApolloMD, Founders Fund, Tarsadia
$46M
San Francisco, CA-based automated medical coding startup
 
Lightspeed Venture Partners, Alameda Research, Jump Capital, Castle Island
$18M
New York, NY-based institutional DeFi wallet maker
 
Cota Capital, AV8 Ventures, Markd, Startup Venture Capital, Maiden Re
$22.5M
San Franciso, CA-based digital insurer for small businesses
 
Riverstone Holdings Latin America, Alliance Resource Partners, Caterpillar Venture Capital, Cottonwood Technology Fund
$30M
Round Rock, TX-based developer of air core motors
 
Mubadala Capital, Horizons Ventures, Bison Ventures, Manta Ray Ventures, Irongrey, Alumni Ventures, Plum Alley, Transform VC, BoxOne Ventures, Intersect VC, Compound, Felicis
$41M
Redwood City, CA-based computational platform for mapping the therapeutic potential of secreted proteins
 
Fin Capital, Centana Growth Partners, JPMorgan Growth Equity Partners, Canapi Equity Partners, ThirdPrime
$50M
New York, NY-based security compliance platform
 
Akamai Technologies, Shasta Ventures, 60 Degree Capital
$38M
San Mateo, CA-based edge cloud computing startup
 
Primus Capital Partners
$100M
New York, NY-based provider of subscription solutions for retailers and DTC brands
 
Santé Ventures, Route 66 Ventures, CU Healthcare Innovation Fund, WPSS.bio, Palo Santo, Iter Investments, Ocama Partners, re.Mind Capital
$30M
Boston, MA-based developer of psychoactive medicines for mental health
 
Thoma Bravo, Goldman Sachs, PayPal Ventures, Amex Ventures, Citi Ventures
$70M
San Francisco, CA-based blockchain intelligence startup
 
3L Capital, Origin Ventures, Chapford Capital Group, Plus Capital, Lily Collins, Nina Dobrev
$35M
New York, NY-based rental service for designer handbags, jewelry, and diamonds
 
Enavate Sciences, Longitude Capital, Vivo Capital, Rock Springs Capital, Perceptive Advisors, Agent Capital, Pivotal bioVenture Partners, Superstring Capital, Fairmount, Wellington Management, Tellus BioVentures, Quan Venture Fund, Xencor
$118M
Waltham, MA-based developer of therapeutics for autoimmune disaese

The Scherzer Deal Report: October 31 – November 3, 2022

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 and Lucas and Associates, LLC.

PE and VC Firms

$620M
Third fund
 
$66M
Debut fund
 
$250M
Second fund
 
$20M
Debut creator fund
 
$4.4B
Second growth equity fund ($3.6B) and a first-time fund to invest in smaller growth deals ($800M)
 
$1.3B
Fourth fund

Private Equity Deals

ATL Partners
Undisclosed
Miramar, FL-based provider of aerospace component maintenance
 
Carlyle
$350M
Dallas, TX-based renewable energy company
 
GTCR
Undisclosed
Horsham, PA-based medical device contract manufacturing organization
 
Lee Equity Partners
Undisclosed
Birmingham, AL-based substance use disorder treatment provider
 
Blackstone
Undisclosed
St. Louis, MO-based global technology and software company
 
HCAP Partners
Undisclosed
Phoenix, AZ-based remote health monitoring platform
 
Voyager Interests
Undisclosed
Houston, TX-based tool rental company focused on the oil and gas industry.
 
Littlejohn & Co.
Undisclosed
Warren, MI-based specialty food distributor
 
Greenbriar Equity Group, Tailwind Capital
Undisclosed
Everett, WA-based maker of branded drivetrain, suspension, and undercar products to the vehicle aftermarket
 
Thoma Bravo
Undisclosed
Houston, TX-based provider of automation solutions for financial services
 
Avista Capital Partners
Undisclosed
Rensselaer, NY-based provider of genetically engineered research models
 
Cinven
$720M
Cedar Rapids, IA-based tax prep software provider
 
H.I.G. Capital
Undisclosed
Milwaukee, WI-based provider of digital services to the financial services market
 
Bruckman, Rosser, Sherrill & Co. and Rosser Capital Partners
Undisclosed
Austin, TX-based hot chicken restaurant chain
 
Aurora Capital Partners
Undisclosed
Villa Rica, GA-based provider of high-pressure processing services for cold chain-oriented human and pet food customers
 
Bonaccord Capital Partners
Undisclosed
San Francisco, CA-based private equity firm
 
Providence Equity Partners
Undisclosed
Los Angeles, CA-based sports, music and culture agency

 

Venture Capital Deals

Thoma Bravo, Sanabil Investments, Costanoa Ventures, Databricks Ventures, Dell Technologies Capital, HPE, Icon Ventures, Queensland Investment Corp., Riverwood Capital, Salesforce Ventures, Sapphire Ventures, Union Grove
$123M
Redwood City, CA-based provider of data-cataloging software
 
Innovation Endeavors, Western Technology Investment, Stanford University
$21M
Mountain View, CA-based sustainable homebuilding startup
 
Sequoia Capital India, Ribbit Capital, Coatue, Betsy Cohen, Eric Schmidt
$90M
Stamford, CT-based wealth management startup
 
Mercato Partners
$25M
Chicago, IL-based commerce data platform
 
Eclipse Ventures, Silicon Valley Bank, Hercules Capital
$132M
San Francisco, CA-based provider of software-defined manufacturing solutions
 
Paramark Ventures, Frist Cressey Ventures, American College of Cardiology, Asset Management Ventures, CU Healthcare Innovation Fund, Mass General Brigham, Maverick Ventures Investment Fund, Storm Ventures
$20M
San Francisco, CA-based provider of clinical data to health systems
 
Dawn Capital, Atlas Merchant Capital, Gsquared, King River Capital
$70M
New York, NY-based embedded insurance startup
 
Helena, One Small Planet, Regeneration.VC, At One Ventures, SoundWaves
$18M
Santa Cruz, CA-based maker of biodegradable Styrofoam alternatives
 
Bain Capital Life Sciences, Fidelity, Valor Equity Partners, Paragon Biosciences
$250M
Chicago, IL-based drug developer focused on Tourette Syndrome
 
Origin Ventures, the Felton Group
$17M
Richmond, VA-based HR perks and benefits platform
 
Ambix Healthcare Partner
$15M
Baltimore, MD-based digital surgery robotics startup
 
Battery Ventures, The Factory, Walden Catalyst, FPV Ventures
$18M
New York, NY-based platform for AI model development
 
Arch Ventures, Monograph Capital, Jeito Capital
$120M
San Francisco, CA-based biotech focused on immune-mediated diseases.
 
Founders Fund, 8VC, Susa Ventures
$30M
Chicago, IL-based payments platform for the shipping and logistics industry
 
Intuitive Ventures, J&J Innovation, Section 32, Eniac Ventures, Anzu Partners, Dolby Family Ventures
$25M
San Diego, CA-based provider of medical device cybersecurity solutions
 
Bain Capital Ventures
$15M
Seattle, WA-based serverless cache startup
 
Norwest Venture Partners, B Capital, XYZ VC, Array Ventures
$25M
San Francisco, CA-based enterprise procurement platform
 
Tribe Capital, Craft Ventures, Unusual Ventures
$22M
San Francisco, CA-based sales prospecting startup
 
Generation Investment Management, A.P. Moller, CMA CGM, Goldman Sachs, TPG, Emergence Capital, Chicago Ventures, Sapphire, 8VC, Sozo Ventures, Omidyar Technology Ventures
$80M
Chicago, IL-based supply chain visibility platform
 
Collaborative Fund, New Climate Ventures, Eldridge, Nextrans, Good
$20M
New York, NY-based textile and mixed-plastic waste recycling startup
 
Tritium Partners, Album VC, Kickstart, Desert Angels, Revolution Rise of the Rest
$40M
Scottsdale, AZ-based staffing platform for hospitality gig work
 
IVP
$30M
Atlanta, GA-based virtual office space startup
 
Ballie Gifford, GIC, Lowercarbon Capital
$200M
Houston, TX-based developer of plant-derived chemicals
 
Samsung Ventures
$24M
Denver, CO-based maker of parts for ammonia manufacturers
 
Heritage Group, Cigna Ventures, Horizon Healthcare Services
$44.5
M New York, NY-based virtual mental health provider
 
RA Capital Management, The Engine, Mission BioCapital, Global Health Investment Corporation
$27M
Cambridge, MA-based developer of patch-based vaccine delivery solutions
 
Insight Partners, CMFG Ventures, CU Direct, Curql, Suncoast Credit Union, Golden1 Credit Union, Hawaii USA Federal Credit Union, NorthGate Capital
$50M
Burbank, CA-based automated underwriting startup

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