The Scherzer Deal Report: July 22-26, 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
Agellus Capital
$400M
Debut fund
Bregal Sagemount
$500M
First small-cap fund
H/L Ventures’ CityRock
$24M
Second fund
Iconiq Capital
$5.75B
Seventh growth fund
Liberty Mutual Strategic Ventures
$200M
Second venture fund
Private Equity Deals
Avance Investment Management
Alchemy Technology Group
Undisclosed amount
Houston, TX-based IT consulting and reseller firm
Morgan Stanley Capital Partners
American Restoration
Undisclosed amount
Irving, TX-based provider of residential and commercial property mitigation and restoration services
JMI Equity and Mainsail Partners
Fullbay
Undisclosed amount
Phoenix, AZ-based truck and trailer repair shop software company
KKR and Dragoneer
Instructure Holdings
$4.8B
Salt Lake City-UT based learning ecosystem
KKR
Marmic Fire & Safety
Undisclosed amount
Joplin, MO-based fire protection equipment inspection and maintenance specialist
TSG Consumer Partners
Summer Fridays
Undisclosed amount
Los Angeles, CA-based beauty company
Archrock
Total Operations and Product Services
$983M
Midland, TX-based provider of contract gas compression services
Venture Capital Deals
Fidelity
Applied Intuition
$300M+
Mountain View, CA-based autonomous driving simulation software startup
HighSage Ventures, Ridge Ventures, Amplify Partners, and PSL Ventures
Archera
$17M
Seattle, WA-based cloud cost management startup
a16z, BAM Elevate, Blackrock, Fidelity, and Baillie Gifford
Astranis
$200M
San Francisco, CA-based geostationary satellite maker
Founders Fund, Dragonfly, Sequoia Capital, Arkstream Capital, and Lattice
Caldera
$15M
San Francisco, CA-based blockchain developer tools startup
Redpoint Ventures, Lightspeed Venture Partners, IVP, Amplify, Mantis VC, Sequoia Capital, and Spark Capital
Chainguard
$140M
Kirkland, WA-based open-source security startup
Northwell Ventures, CU Healthcare Innovation Fund, Mayo Clinic, and Ochsner Ventures
Clarapath
$36M
Hawthorne, NY-based medical robotics company
PSP Investments, Cisco Systems, Fujitsu, AMD Ventures, and EDC
Cohere
$500M
San Francisco, CA and Toronto developer of large language models for the enterprise
Zurich Insurance Group
Cowbell
$60M
Pleasanton, CA-based provider of cyber insurance for small and medium-sized enterprises
Greylock Partners, Cyberstarts, Insight Partners, and Index Ventures
Dazz
$50M
Palo Alto, CA-based cybersecurity startup
BlackRock, Kayne Anderson Growth Capital and J.P. Morgan Asset Management
GeoWealth
$18M
Chicago, IL-based proprietary technology and turnkey asset management company
GV, OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil, and SV Angel
Harvey
$100M
San Francisco, CA-based AI legal tech startup
Spark Capital, Thrive Capital, Accel, a16z, and Forerunner Ventures
Headway
$100M
New York, NY-based startup linking people with in-network mental health providers
Coutts Agro, Systemiq Capital, Deere & Company, and Bison Ventures
InnerPlant
$30M
Davis, CA-based crop monitoring tech company
Savant Growth, VantagePoint Capital Partners, Coller Capital, Hollyport Capital, Manulife Investment Management, and Achmea
IntelePeer
$140M
Dania Beach, FL-based customer service automation company
Andera Partners, Ally Bridge Group, Longitude Capital, Omega Funds, T. Rowe Price, Eventide Asset Management, and Gilmartin Capital
Kestra Medical Technologies
$196M
Kirkland, WA-based cardiac arrest monitoring company
Atomico, Citi Ventures, Dropbox Ventures, and redalpine
Lakera
$20M
San Francisco, CA-based generative AI security startup
Adams Street Partners, Cross Creek, Brightloop, Battery Ventures, and Eniac Ventures
Level AI
$39.4M
Mountain View, CA-based customer service task automation startup
Astanor and Foxconn
Monarch Tractor
$133M
Livermore, CA-based electric autonomous tractor startup
Pantera Capital, Makers Fund, Hashed, Collab+Currency, Sfermion, Mirana Ventures, Bitscale Capital, and Mantle EcoFund
NPC Labs
$18M
New York, NY-based blockchain-based gaming startup
Left Lane Capital, Smash Capital, Alpha Partners, Craft Ventures, and Neotribe Ventures
Pearl
$58M
Los Angeles, CA-based dental diagnosis startup
Goodwater Capital, FirstMark Capital, Company on Ventures, and Epic Ventures
Posh
$22M
New York, NY-based event management startup
Scale Venture Partners, Threshold Ventures, Venture for good, Inspired Capital, and Notation Capital
QA Wolf
$35M
Seattle, WA-based software debugging startup
Morris Industries, Cantor Fitzgerald, L.P. Deason Capital Services, Narya Capital, and other investors
Strive Enterprises
$30M
Columbus, OH-based financial services
Sequoia Capital, Growth Equity at Goldman Sachs Alternatives, JPMorgan, Atlassian Ventures, Craft Ventures, CrowdStrike Ventures, HubSpot Ventures, Workday Ventures and Y Combinator
Vanta
$150M
San Francisco, CA-based compliance and security software company
Cherryrock Capital, Newark venture partners, Citi Impact Fund, First Round Capital, Commerce Ventures, and Y Combinator
Vitable
$16M
Philadelphia, PA-based direct primary care company