Scherzer Blog

The Scherzer Deal Report: June 4-9, 2020

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.

Effective June 10, 2020 The Scherzer Deal Report will be released on Wednesdays.

PE and VC Firms Fundraising	Location	Amount	Description
Atlas Venture	Cambridge, MA	$400M	Twelfth fund
Balbec Capital	New York, NY	$1.2B	Fourth global credit fund
Mercato Partners	Salt Lake City, UT	$90M	Fund focused on restaurants
Meritech Capital Partners	Palo Alto, CA	$800M	Seventh later-stage VC fund
Petra Capital Partners	Nashville, TN	$208M	Fourth private equity fund
Wing VC	Palo Alto, CA	$450M	Third early stage fund

Private Equity Investors	Company	Amount	Description
Silversmith Capital Partners	Appfire	$49M	Boston, MA-based provider of apps for software development teams
Blue Sage Capital	Barricades Unlimited	Undisclosed	Lubbock, TX-based provider of traffic control, pavement markings, guardrail installation equipment and services
Brynwood Partners	Buitoni	Undisclosed	North American division of Italian pasta brand

Venture Capital Investors	Company	Amount	Description
Perceptive Advisors, RTW Investments, Viking Global Investors, Venrock, Franklin Templeton, Rock Springs Capital, LifeSci Venture Partners, Surveyor Capital, Highside Capital Management, Logos Capital, Janus Henderson Investors, Sofinnova, Avidity Partners, Sahsen Ventures	Athira Pharma	$85M	Seattle, WA-based regenerative medicine startup focused on neurological diseases
Valor Equity Partners, Rockwell Automation, Inc., ABB Technology Ventures, Atreides Managemen	Atom Power	$17.75M	Charlotte, NC-based digital circuit breaker
UBS, J.P. Morgan, Barclays	Cloud9 Technologies	$17.5M	New York-based trader collaboration and analytics platform
MPM Capital, F2 Ventures	Cullinan Oncology	$98.5M	Cambridge, MA-based developer of cancer drugs
Perceptive Advisors, Northpond Ventures, GV, Foresite Capital, TPG Capital, First Round Capital	DNAnexus	$100M	Mountain View, CA-based provider of biomedical informatics and data management
Yonjin Venture, Varian Medical Systems, J&J, Venture Investors, Lumira Ventures, State of Wisconsin Investment Board	HistoSonics	$40M	Plymouth, MN-based developer of noninvasive robotic platform and sonic beam therapy
Bessemer Venture Partners, Tiger Global Management, Stripes, FirstMark Capital, Battery Ventures, Felicis Ventures, 3KVC, Gaingels, Penna & Co.	Hyperscience	$60M	New York-based data automation startup
Insight Partners	Inky	$20M	College Park, MD-based anti-phishing startup
Goldman Sachs	jSonar	$50M	Waltham, MA-based database security startup
Edison Partners	Superpedestrian	$15M	Boston, MA-based scooter fleet developer
Saudi Aramco, BECO Capital, Cue Ball Group	Wahed Invest	$25M	New York-based online Islamic investment platform
8VC, WiPro, Lightspeed Venture Partners, Dell Technologies Capital	Yugabyte	$30M	Sunnyvale, CA-based developer of open-source distributed SQL databases

June 10th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: May 27 – June 3, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
Ardian	Paris, France	$19B	Eighth private equity secondaries and co-investments funds
Francisco Partners	San Francisco, CA	$7.45B	Sixth flagship buyout fund
Francisco Partners	San Francisco, CA	$1.5B	Second mid-market fund
Francisco Partners	San Francisco, CA	$750M	Opportunistic credit fund
KKR	New York, NY	$4B	Dislocation fund
MassMutual Ventures	Springfield, MA	$100M	Third fund

Private Equity Investors	Company	Amount	Description
Shamrock Capital	Adweek	Undisclosed	New York-based ad industry publication
GTCR	Captrust Financial Advisors	Undisclosed	Raleigh, NC-based registered investment advisor
Osceola Capital	Central Medical Group	Undisclosed	Flanders, NJ-based provider of outsourced equipment management solutions for hospices
AE Industrial Partners	Deep Space Systems	Undisclosed	Boca Raton, FL-based provider of payloads, systems, and components to the space industry
Thoma Bravo	Exostar	Undisclosed	Herndon, VA-based information-sharing platform for highly-regulated industries
The Carlyle Group and T&D Holdings	Fortitude Group Holdings	$2.2B	US-based reinsurer
Wellspring Capital Management	Steele Solutions	Undisclosed	Franklin, WI-based provider of steel infrastructure for distribution, warehouse, and manufacturing facilities
LLR Partners	TrueLearn	Undisclosed	Mooresville, NC-based provider of online study tools for medical licensing
H.I.G. Capital	USALCO	Undisclosed	Baltimore, MD-based provider of clean water and alumina cemical solutions

Venture Capital Investors	Company	Amount	Description
Goldfinch Partners	Vesta	$125M	Lake Oswego, OR-based fintech pioneer in fraud protection and fully guaranteed payment technologies
Alkeon, Spark Capital, Lux Capital, Iconiq Capital, Thrive Capital, Benchmark	Benchling	$50M	San Francisco, CA-based life sciences R&D cloud platform
Abbot Labs, Smile Group, Quadrant Capital Advisors, Senvest Capital, Janus Henderson, Cormorant Asset Management	Bigfoot Biomedical	$55M	Milpitas, CA-based developer of digital therapies for diabetes
FirstMark Capital, Accomplice, Seedcamp, Credo Ventures, Founders Future, LDV Capital	Ezra	$18M	New York-based provider of early cancer screening solution
Illumina, General Atlantic, Viking Global Investors	Gingko Bioworks	$70M	Boston, MA-based DNA design startup that is working on large-scale COVID-19 testing
Zebra Technologies	Locus Robotics	$40M	Wilmington, MA-based developer of autonomous mobile robots for e-commerce fulfillment warehouses
Sequoia Capital and Kleiner Perkin	Loom	$23M	San Francisco, CA-based video enterprise collaboration platform
CAM Capital, Samsara BioCapital, BVF Partners, Adams Street Partners, Opaleye Management, Ligand Pharma, Agent Capital, BioAdvance, Nolan Capital	Palvella Therapeutics	$45M	Wayne, PA-based biotech focused on rare genetic diseases without approved treatments
Artis Ventures	Tae Life Sciences	$30M	Foothill Ranch, CA-based radiation therapy startup
Threshold Ventures, Acme Ventures, Define Homebrew, Compound, John Doerr	Tia Health	$24M	San Francisco, CA-based provider of women’s telehealth and clinical services
Finistere, Origin Ventures	Tovala	$20M	Chicago, IL-based smart oven and meal service startup
Silver Lake, Riverwood Capital, Level Equity	Vacasa	$108M	Portland, OR-based vacation rental management platform
Lux Capital	Varient Bio	$16M	New York-based biotech that studies “the genes of people from understudied populations who are outliers for medically relevant traits,”
Gallatin Point Capital, The Rise Fund, TPG, Bono, Jeff Skoll, HarbourVest Partners, Progressive Insurance	Varo Money	$240M	San Francisco, CA-based mobile banking app

June 5th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: May 20-27, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
Apollo Global Management	New York, NY	$1.75B	Third fund
Aquiline Capital Partners	New York, NY	$2B	Fourth fund
Spectrum Equity	Boston, MA and San Francisco, CA	$1.5B	Ninth flagship growth equity fund

Private Equity Investors	Company	Amount	Description
Aurora Capital Partners	FMG Suite	Undisclosed	San Diego-based provider of digital marketing software to financial advisors
Bain Capital Tech Opportunities	Hudl	Undisclosed	Lincoln, NE-based sports performance analysis platform
Waterland Private Equity	IMC	Undisclosed	Chicago, IL-based provider of healthcare communications and consulting to the global pharma market
Apax Partners	KAR Global	$550M	Carmel, IN-based vehicle remarketing site

Venture Capital Investors	Company	Amount	Description
DTCP, Adams Street, eFounders, Draper Esprit, Balderton and NextWorld	Aircall	$65M	New York-based developer of a cloud-based phone system
GIC, Viking Global Investors, Upfront Ventures, Tao Capital Partners, Rock Creek Group, Oprah Winfrey, and Katy Perry	Apeel Sciences	$250M	Santa Barbara, CA-based developer of rot-reduction coatings for produce
Temasek, Anterra Capital, Formation8, Wilbur-Ellis	Ascus Biosciences	$46M	San Diego, CA-based animal health and nutrition startup
Georgian Partners, FirstMark Capital, Norwest Venture Partners	Bluecore	$50M	New York-based provider of marketing automation tools
Valence Life Sciences, Bering Capital, Mesa Verde Venture Partners, Sanderling Ventures	CalciMedica	$15M	La Jolla, CA-based biotech focused on inflammatory diseases
General Catalyst, Inspired Capital, GGV Capital, Primary Venture Partners, Flybridge Capital, and BoxGroup	Chief	$15M	New York-based social network for professional women in senior leadership positions
Aspen Capital Group, Oak HC/FT Partners	Clara Analytics	$25M	Santa Clara, CA-based provider of AI tech to the commercial insurance market
Temasek and Equinor	Commonwealth Fusion Systems	$84M	Cambridge, MA-based nuclear fusion startup
GPI Capital, Accel, Sorenson Capital, North Bridge Venture Partners, Glynn Capital, Adams Street Partners, Mayfield	Couchbase	$105M	Santa Clara, CA-based NoSQL database
Canaan Partners, Atlas Venture, and Access Biotechnology	Day One Biopharma	$60M	South San Francisco, CA-based drug startup focused on pediatric cancer
Perwyn	Decibel	$23M	Boston and London-based digital experience analytics startup
Semapa Next, Hermes GPE, Evolution Equity Partners, Kibo Ventures, Portugal Ventures, Bynd VC, EDP Ventures, IronFire Ventures, Amazon Alexa Fund, Sony Innovation Fund, Mastercard	DefinedCrowd	$50.5M	Seattle, WA-based startup that helps companies improve their AI services
Morgan Stanley and PeakSpan Capital	Ecwid	$42M	San Diego, CA-based e-commerce platform for small businesse
Khosla Ventures	Fernish	$15M	Los Angeles, CA-based online platform for renting high-end furniture
MUFG Innovation Partners	Fundbox	$20M	San Francisco, CA-based B2B payments and credit network
Index Ventures, CRV and Trinity venture	Gatsby	$28M	Berkeley, CA-based website developer platform
Babylon Health, 7Wire Ventures, Flare Capital Partners, Jumpstart Capital, Rush University Medical Center for Health, William Wrigley Jr.	Higi	$30M	Chicago, IL-based health kiosk operator
Andreessen Horowitz, T. Rowe Price, BlackRock, Casdin Capital, HOF Capital, WuXi AppTec, Arch Venture Partners, Foresite Capital, GV, Third Rock Ventures, Two Sigma Ventures, Alexandria Venture Investments	Insitro	$143M	South San Francisco, CA-based “machine-learning driven” drug discovery startup
Vistara Capital Partners, August Capital, Third Point Ventures, DCVC, Tahoma Ventures	Kentik	$23.5M	San Francisco, CA-based network intelligence platform
Iron Mountain, 8VC, Upfront Ventures, Maywic Select Investments, Provenio Capital, Ten Eighty, CX Collective	MakeSpace	$45M	New York-based on-demand physical storage company
Coatue Management, Vitruvian Partners, Visa, Goldman Sachs, 83North, Granite Ventures, Iconiq Capital	Marqeta	$150M	Oakland, CA-based card issuing platform
Optum Ventures, Foresite Capital Management, and Arch Venture Partners were joined by return backers General Catalyst, What If Ventures, 8VC, and Bezos Expedition	Mindstrong Health	$100M	Mountain View, CA-based digital therapeutic platform for serious mental health conditions
Andreessen Horowitz led, and was joined by 8VC, SV Angel, Allen & Co.	Octant	$30M	Emeryville, CA-based synthetic biology multi-target drug discovery startup
Baird Capital, Oak HC/FT, McKesson Ventures, and The Blue Venture Fund	Oncology Analytics	$28M	Atlanta, GA-based provider of data analytics for oncology services groups
Gallatin Point Capital, Greycroft, SVB Capital, Aspect Ventures, Elefund, Sirius International Insurance Group	Pie Insurance	$100M	Washington, DC-based workers’ comp insurer
Atlas Venture, OrbiMed, Abingworth, Sanofi Ventures, University of Colorado, and Children’s Hospital Colorado Center for Innovation	Q32 Bio	$46M	Cambridge, MA-based biotech focused on immune regulation
Spark Capital, Fifth Wall, Energy Impact Partners, the Amazon Alexa Fund, Bain Capital Ventures, and RET Ventures	SmartRent	$60M	Scottsdale, AZ-based provider of smart home automation solutions
Forestay Capital	Wasabi	$30M	Boston, MA-based cloud storage startup

May 29th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: May 13-20, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
Cathay Innovation	Shanghai, San Francisco and more	$550M	Second global VC fund
Fintop Capital	Nashville, TN	$126M	Second fund
Rubicon Technology Partners	Boulder, CO	$1.25B	Third fund
EIG Global Energy Partners	Washington, DC	$1.1B	Fifth fund
Cohere Capital Partners	Boston, MA	$200M	Debut fund
Cowen Healthcare Investments	New York, NY	$493M	Third fund
Eos Venture Partners	London, England	$58M	VC fund
MBK Partners	Seoul, Korea	$6.5B	Fifth North Asia-focused private equity fund
Goldman Sachs Asset Management	New York, NY	$2.75B	Second real estate secondaries fund
Founder Collective	Cambridge, MA	$85M	Fourth seed-stage fund

Private Equity Investors	Company	Amount	Description
ArchiMed	ActiGraph	Undisclosed	Pensacola, FL-based developer of wearable remote monitors for drug trials
iCapital Network, KKR, Aquiline Capital Partners, Genstar Capital, Thiel Capital	Artivest	Undisclosed	New York-based online platform for investing in private equity and hedge funds
Clayton Dubilier & Rice	Radio Systems Corp.	Undisclosed	Knoxville, TN-based maker of electric fences and other pet products
Lion Capital	REX	$25M	Austin, TX-based licensed residential real estate brokerage using AI and big data
Newlight Partners	Zing Health	Undisclosed	Chicago, IL-based Medicare Advantage HMO plan

Venture Capital Investors	Company	Amount	Description
GIC, Sequoia Capital, Benchmark, Battery Ventures, IVP, Lead Edge Capital	Amplitude	$50M	San Francisco, CA-based product intelligence startup
Sofinnova Venture Partners, Pfizer, Adage Capital Management	Amplyx Pharma	$53m	San Diego, CA-based developer of treatments for life-threatening fungal infections
Allianz X, Takeda	Amwell	$194M	Boston, MA-based telehealth
Alpha Edison, UBS O’Connor Capital Solutions, DNS Capital, Radicle Impact, Sutter Rock, Jeff Skoll, Joseph Sanberg, Social Impact Finance, the Pohlad Companies, AGO Partner	Aspiration	$135M	Los Angeles, CA-based financial advisory services
Bain Capital Life Sciences, RA Capital Management, Perceptive Advisors, Rock Springs Capital, Adage Capital Management, T. Rowe Price, Redmile Group, Omega Funds, Morningside Ventures, Cormorant Asset Management, Ally Bridge Group, Sectoral Asset Management	Atea Pharma	$215M	Boston, MA-based biotech focused on viral infections like COVID-19
Warburg Pincus, Bain Capital Ventures, Accel, Greycroft Partners, Flybridge Capital Partners, New Amsterdam Growth Capital, e.ventures	BetterCloud	$75M	New York-based operations management platform
Accel, Upfront Ventures, Ryan Smith	Bevy	$15M	Palo Alto, CA-based provider of customer marketing SaaS for brands
DST Global, Lone Pine Capital	Brex	$150M	San Francisco, CA-based corporate credit card company focused on startups
Redmile Group, Wing VC, Menlo Ventures, Tyson Ventures, Khosla Ventures, GV, Felicis Ventures, HBM Genomics	Clear Labs	$18M	Menlo Park, CA-based next-generation-sequencing (NGS) diagnostics platform
Valor Equity Partners, Greyhound Capital, Felicis Ventures	Coalition	$90M	San Francisco, CA-based cybersecurity insurance startup
Icon Ventures, Lightspeed Venture Partners, John W. Thompson, Lane Bess	Confluera	$20M	Palo Alto, CA-based automated cyberattack response startup
Access Industries, Andreessen Horowitz	DigitalOcean	$50M	New York-based “cloud for developing modern apps”
Madrona Venture Group, SEEK, Salesforce Ventures, M12, Our Innovation Fund	GO1.com	$40M	San Francisco, CA-based enterprise learning platform
Adams Street Partners, Javelin Venture Partners, LiveOak Venture Partners	Homeward	$20M	Austin, TX-based home buying and selling platform
S.R. One, Tekla Capital Management, MRL Ventures Fund, Solasta Ventures, Brace Pharma, Atlas Ventures, Sofinnova Partner	HotSpot Therapeutics	$65M	Boston, MA-based developer of allosteric therapies
Viola Ventures, TLV Partners	Immunai	$20M	New York-based immune system mapping startup
Insight Partners, Norwest Venture Partners	Imperfect Foods	$72M	San Francisco, CA-based online food marketplace aimed at reducing food waste
Updata Partners, TDF Ventures, Integr8ted Capital	Liongard	$17M	Houston, TX-based unified automation platform for managed service providers
Fidelity, 01 Advisors, Owl Ventures, Atomico, IVP, NEA, NextEquity Partners	MasterClass	$100M	San Francisco, CA-based online course company
Vulcan Capital, Perceptive Advisors, Bezos Expeditions, Defy Partners, AME Cloud Ventures, Andreessen Horowitz, Bolt, Madrona Venture Group	Nautilus Biotech	$76M	San Carlos, CA-based platform for analyzing and quantifying the human proteome
TKS1	ObvioHealth	$17M	Orlando, FL-based virtual health research organization
Bain Capital Double Impact, Catalyst Investors, New Markets Venture Partners, Catamount Ventures	PresenceLearning	$27M	New York-based provider of live online special education services for K-12 schools
Ally Bridge, Endeavour Vision, Bain Capital Life Sciences, Longitude Capital	Rapid Micro Biosystems	$120M	Lowell, MA-based developer of microbial detection tech for biopharma manufacturing
Novator, General Catalyst	Rebag	$15M	New York-based luxury handbag marketplace
AllianceBernstein, Franklin Templeton, General Atlantic, Sands Capital Management, Warburg Pincus, mAndreessen Horowitz, General Catalyst, Dragoneer, Tiger Global Management	Samsara Networks	$400M	San Francisco, CA-based provider of IoT sensors and cameras
S2G Ventures, Cultivian Sandbox, Fall Line Capital, Cavallo Ventures, Syngenta Ventures	Sound Agriculture	$22M	Emeryville, CA-based developer of plant breeding solutions
Scale Venture Partners, Zigg Capital, Bessemer Venture Partners	Spruce	$29M	New York-based provider of real estate transaction processing software
Temasek, GV, Illumina Ventures, Invus, JDRF T1D Fund, NanoDimension, Polaris Partners	SQZ Biotech	$65M	Watertown, MA-based cell therapy
Greenspring Associate	States Title	$123M	San Francisco, CA-based automation platform for real estate closings
Activant Capital, Sequoia Capital, Khosla Ventures	Truework	$30M	San Francisco, CA-based consumer identity platform
HighBar Partners, Benhamou Global Ventures	Virtana	$15M	San Jose, CA-based hybrid cloud migration and optimization startup

May 22nd, 2020|Scherzer Deal Report|

The Scherzer Deal Report: May 6-13, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
Energy Spectrum Capital	Dallas, TX	$969M	Eighth fund
NextGen Venture Partners	Austin, TX	$52M	Second fund
Thayer Ventures	San Francisco, CA	$80M	Third fund

Private Equity Investors	Company	Amount	Description
ClearLight Partners	ICS	Undisclosed	Endicott, NY-based provider of IT managed services
Francisco Partners	Eventbrite	$225M	San Francisco-based self-service ticketing and experience technology platform
Hull Street Energy	Gauley River Power Partners	Undisclosed	West Virginia-based operator of a hydroelectric-generating facility
Thompson Street Capital Partners	Pkware	Undisclosed	Milwaukee, WI-based provider of data security software
Clayton Dubilier & Rice	Radio Systems Corp.	Undisclosed	Knoxville, TN-based maker of electric fences and other pet products
Parthenon Capital	RxSense	Undisclosed	Cumming, GA-based provider of pharmacy benefit management solutions
Melody Investment Advisors	Uniti Group	Undisclosed	Little Rock, AR-based wireless towers unit
Atlantic Street Capital	Zips Car Wash	Undisclosed	Little Rock, AR-based car wash operator

Venture Capital Investors	Company	Amount	Description
DCVC	Carbon Health	$26M	San Francisco-based mobile connected health care network
Spectrum Equity	DispatchTrack	$144M	San Jose, CA-based provider of last-mile logistics solutions
CapitalG, Battery Ventures, Greycroft, Index Ventures, Paladin Capital Group, Scale Venture Partners	Expel	$50M	Herndon, VA-based managed security platform
Avon Ventures, Coinbase Ventures, Lightspeed Venture Partners, Flybridge, Accel, Fenbushi, Accomplic	FalconX	$17M	San Mateo, CA-based crypto trading service
M12, Tiger Global, Boldstart Ventures, Comcast Ventures, Eniac Ventures, Lightspeed Venture Partners	FortressIQ	$30M	San Francisco-based startup focused on imitation learning for process automation
QVT, Dexcel Pharma, Foresite Capital, Bluebird Ventures, Narya Capital, Amplo, Paul Manning, Asia Alpha	Kriya Therapeutics	$80.5M	Palo Alto, CA-based gene therapy startup
Intel Capital, Sequoia Capital, Redpoint Ventures, In-Q-Tel, XSeed Capital	Lilt	$25M	San Francisco-based provider of enterprise translation software
Intel Capital, Cisco Investments, NetApp, SK hynix, Gaorong Capital, Glory Ventures, Jerusalem Venture Partners, LDV Partners, Lightspeed Venture Partners and Northern Light VC	MemVerge	$19M	Milpitas, CA-based developer of memory machine software
Lupa Systems, Advance Venture Partners	Morning Consult	$31M	New York-based data intelligence firm
Bpifrance, Cathay Innovation, MACSF, GV, F-Prime Capital, Eight Roads	Owkin	$25M	New York-based collaboration platform for health care R&D
Brighton Park Capital	Paradox	$40M	Scottsdale, AZ-based chatbot for HR and talent teams
ORI Healthcare Fund	Pillar Biosciences	$29.7M	Natick, MA-based cancer diagnostics company
General Atlantic	Quizlet	$30M	San Francisco-based provider online study tools
LS Polaris Innovation Fund, Droia Ventures, Mission BioCapital, INKEF Capital, the Dementia Discovery Fund	QurAlis	$42M	Cambridge, MA-based developer of precision therapeutics for ALS and other neurologic diseases
Insight Partners	Semperis	$40M	New York-based provider of enterprise “cyber resilience” solutions
Dell Technologies Capital, Amplify Partners, Wing VC, NanoDimension Capital	SiMa	$30M	San Jose, CA-based machine learning startup focused on low-power computer vision processing
Andreessen Horowitz	Sleeper	$20M	San Francisco-based social gaming platform for sports and e-sports
KKR, GGV Capital	Slice	$43M	New York-based ordering and marketing tech platform for local pizzerias
Insight Partners, Emergence Capital, Battery Ventures, YC, Mucker Capital, and Fundersclub	UpKeep	$36M	Los Angeles-based provider of enterprise maintenance management software
T. Rowe Price, Perry Creek Capital, Fidelity	Waymo	$750M	Mountain View, CA-based self-driving car unit of Alphabet

May 15th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: April 29 – May 6, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
Ara Partners	Houston, TX	$400M	Debut fund
Autotech Ventures	Menlo Park, CA	$150M	Second fund
Metropolitan Partners Group Management	New York, NY	$240M	Sixth fund
Oberland Capital	New York, NY	$1.05B	Health care royalties fund
Partners for Growth	San Francisco, CA	$325M	Sixth specialty lending fund focused on growth companies
Runa Capital	Menlo Park, CA	$157M	Third fund

Private Equity Investors	Company	Amount	Description
Bregal Sagemount	Corcentric	$80M	Cherry Hill, NJ-based provider of business spend management software
Triangle Digital Ventures	Covideo	Undisclosed	Indianapolis, IN-based provider of video messaging software
Astra Capital Management	DartPoints	Undisclosed	Dallas, TX-based owner and operator of edge colocation data centers
Cove Hill Partners	Kalkomey	Undisclosed	Dallas, TX-based provider of online recreational safety education and agency management software
Macquarie	Multifuels Midstream Group	Undisclosed	Houston, TX-based differentiated power and utility infrastructure company focused on lateral natural gas pipelines and related asset
L Catterton	Norwegian Cruise Line Holdings	$400M	Global cruise line
BV Investment Partners	StraighterLine	Undisclosed	Baltimore, MD-based online secondary education course platform
Sole Source Capital	Supply Chain Services	Undisclosed	Oakdale, MN-based provider of automatic identification and data capture and factory automation solutions

Venture Capital Investors	Company	Amount	Description
John Chambers and John Doer	ASAPP	$185M	New York-based maker of call center software
Altimeter Capital, Bond Capital, Benchmark, GV, Index Ventures, Redpoint Ventures, Sequoia Capital, Tiger Capital	Cockroach Labs	$86.6M	New York-based distributed SQL database
Index Ventures, Radical Investments, Amplify Partners	Covariant	$40M	Berkeley, CA-based developer of autonomy solutions for industrial robotics
Northgate Capital, Norwest Venture Partners, Four Rivers Group	Dtex	$17.5M	San Jose, CA-based provider of endpoint security software
PSP Investments, CPP Investments, Illumina	Grail	$390M	Menlo Park, CA-based cancer detection company
GreatPoint Ventures, Autotech Ventures, Argean Capital, Monta Vista Capital	KlearNow	$16M	Santa Clara, CA-based digital customers clearance platform
Uber, Alphabet, Bain Capital Ventures, GV	Lime	$170M	San Francisco, CA-based e-scooter company
Bain Capital Ventures, Raine Ventures, Barry Sternlicht	Material Bank	$28M	New York-based architecture and design marketplace
GSR Ventures, PPD Inc.	Medable	$25M	Palo Alto, CA-based platform for decentralized clinical trials
GGV Capital, YL Ventures, SVCI	Orca Security	$20M	Los Angeles, CA-based cybersecurity startup focused on cloud vulnerabilities
SK Holdings, Avis Budget Group, Alliance Ventures, Bessemer Venture Partners	Otonomo	$46M	Israeli automotive data services platform
Ally Bridge Group, Adage Capital Management, HealthQuest Capital, Partner Fund Management, Rock Springs Capital	Pulmonx	$66M	Redwood City, CA-based developer of minimally invasive treatments for severe emphysema
Sequoia Capital, NEA, Ribbit Capital, 9Yards Capital, Unusual Ventures	Robinhood	$280M	Menlo Park, CA-based financial services company
Vickers Venture Partners, Flint Hills Resources, CPV/CAP Pensionskasse Coop & International, Eversource Retirement Plan Master Trust, WI Harper Group	RWDC Industries	$133M	Athens, GA-based bioplastics manufacturing startup
Riverwood Capital	Sensor Tower	$45M	San Francisco, CA-based mobile app market intelligence firm
Versant Ventures, GV	Ventus Therapeutics	$60M	Massachusetts and Montreal-based immunology startup

May 7th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: April 22-29, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
Andreessen Horowitz	Menlo Park, CA	$515M	Second crypto-focused fund
Consonance Capital Partners	New York, NY	$856M	Second fund
Constitution Capital Partners	Andover, MA	$1B+	Fifth fund
Cyprium Investment Partners	Cleveland, OH	$445M	Fifth fund
Eighty-Seven Capital	Menlo Park, CA	$50M	Debut fund
Manna Tree Partners	Vail, CO	$142M	Debut fund
OMERS	Toronto, Canada	$750M	VC fund focused on early-stage tech companies in North America and Europe
Silverton Partners	Austin, TX	$144M	Sixth fund

Private Equity Investors	Company	Amount	Description
Apollo Global Management, Silver Lake	Expedia	$3.2B	Seattle, WA-based travel site
Providence Strategic Growth	Next Glass	Undisclosed	Wilmington, NC-based provider of consumer-facing software to the alcoholic beverage market
Shore Capital Partners	Southern Orthodontic Partners	Undisclosed	Nashville, TN-based orthodontic practices

Venture Capital Investors	Company	Amount	Description
Hatteras Venture Partners, Catalyst Health Ventures, Longview Ventures, Broadview Ventures, aMoon Fund	AtaCor Medical	$25M	San Clemente, CA-based developer of cardiac-pacing therapies
Valar Ventures, Sammons Financial, NEA, Morpheus Ventures, Core Innovation Capital	Bestow	$50M	Dallas, TX-based digital life insurance platform
SoftBank Vision Fund, ClearBridge Investments, Satwik Ventures, Qualcomm Ventures	Brain Corp.	$36M	San Diego, CA-based developer of tech for autonomous mobile robots
Spark Capital	Catalyst	$25M	New York-based customer success platform
Eclipse Ventures, Iconiq Capital, Hanaco Ventures, Floodgate	Cheetah	$36M	San Francisco, CA-based platform for contactless pickup and delivery of food and supplies
Norwest Venture Partners, Global Founders Capital	Clever Care Health Plan	$20M	Westminster, CA-based provider of Medicare Advantage plans
Frazier Healthcare Partners, Longitude Capital, Euclidean Capital	Dascena	$50M	Oakland, CA-based patient diagnostic tech startup
GV, Benchmark	Digits	$22M	San Francisco, CA-based business spend monitoring dashboard
Breakthrough Energy Ventures, Ajax Strategies, Building Ventures, OurCrowd	EnVerid Systems	$20M	Boston, MA-based developer of HVAC load reduction tech
Arch Venture Partners, Cormorant Asset Management, EDBI, Invus, Terra Magnum Capital Partners, City Hill Ventures, Colt Ventures, LifeSci Venture Partners	Erasca	$200M	San Diego, CA-based precision oncology startup
Andreessen Horowitz, Durable Capital, Index Ventures, Greylock, Kleiner Perkins, Sequoia Capital, Founders Fund	Figma	$50M	Palo Alto, CA-based maker of an in-browser interface design and prototyping tool
BP Ventures, ABB Technology Ventures, Energy Innovation Capital, SVB	FreeWire Technologies	$25M	San Leandro, CA-based provider of power solutions for the grid edge
Redmile Group, Nexus Management, Emerald Development Managers, the Abell Foundation	LifeSprout	$28.5M	Baltimore, MD-based regenerative medicine startup
NEA, Gradient Ventures, Khosla Ventures, Liberty Global Ventures, Struck Capital, Dolby Family Ventures, Motorola Solutions, Fusion Fund, Intellectus Partners, KDDI Open Innovation Fund, Numbase Group, InFocus Capital Partners	Mojo Vision	$51M	Saratoga, CA-based maker of smart contact lenses
Radian Capitalled, Salesforce Ventures, Allen & Co., Tim Armstrong	Niche	$35M	Pittsburgh, PA-based school search platform for K-12 and college
Breakthrough Energy Ventures, Temasek, DCVC	Pivot Bio	$100M	Berkeley, CA-based developer of microbial nitrogen tech for increasing crop yields
Harmony Partners, Accomplice, .406 Ventures, Legion Capital	Randori	$20M	Waltham, MA-based automated cyberattack platform
GV, Arch Venture Partners, Partners Innovation Fund	Rome Therapeutics	$50M	Cambridge, MA-based biotech focused on leveraging “junk DNA” to discover cancer and autoimmune disease therapeutics
LendingTree, T. Rowe Price, Union Square Ventures, Breyer Capital, Goodwater Capital, Greenspring Associates	Stash	$112M	New York-based investing and savings platform
PBM Capital, Nolan Capital	Taysha Gene Therapies	$30M	Dallas, TX-based developer of therapies to treat CNS monogenic diseases
Andreessen Horowitz, Sequoia Capital	Tecton.ai	$20M	San Francisco, CA-based machine learning platform formed by three former Uber engineers
Insight Partners, Dawn Capital, Seed Capital, Damgaard Co.	Templafy	$25M	Denmark-based provider of enterprise template management and document creation software
NewView Capital, Notion Capital, Workday Ventures	Topia	$15M	San Francisco, CA-based talent mobility platform
Piva and TNSC, Bessemer Venture Partners, Playground Global, Khosla Ventures	Velo3D	$28M	Campbell, CA-based 3D printing startup for metals
Ally Bridge Group, AME Cloud Ventures, Aspect Ventures, Canvas Ventures, NGP Capital, Webb Investment Network, Workday Ventures	Vida Health	$25M	San Francisco, CA-based provider of virtual care software for physical and behavioral health

May 1st, 2020|Scherzer Deal Report|

The Scherzer Deal Report: April 15-22, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
Arbour Lane Capital Management	Stamford, CT	$1.2B	Second fund
BoostVC	San Mateo, CA	$40M	Fourth fund
Sterling Road	San Francisco, CA	$9M	Second fund
Updata Partners	Washington, DC	$308M	Sixth software-focused growth equity fund
York Capital Management	New York, NY	$800M	Third mid-market special opportunities fund

Private Equity Investors	Company	Amount	Description
Hellman & Friedman	Checkmarx	$1.15B	Paramus, NJ-based provider of software security solutions for DevOps
Apax Partners	Coalfire	Undisclosed	Westminster, CO-based provider of cybersecurity advisory and assessment services
Yukon Partners	Crossroads Treatment Centers	Undisclosed	Greenville, SC-based operator of 94 outpatient methadone clinics
TPG	LifeStance Health	$1.2B	Bellevue, WA-based provider of behavioral health services
Bain Capital Credit	Merchants Fleet	$50M	Hooksett, NH-based fleet management company
Bow River Capital	Ocean Tomo	Undisclosed	Chicago-based merchant bank focused on intellectual property
Roark Capital Group	The Cheesecake Factory	$200M	Nationwide restaurant chain

Venture Capital Investors	Company	Amount	Description
EcoR1 Capital, GV, AbbVie Ventures, The Mark Foundation for Cancer Research, NS Investment, Droia Ventures, Atlas Venture, The Column Group	Accent Therapeutics	$63M	Lexington, MA-based developer of cancer therapies
Viking Global Investors, Bain Capital, Ziff Capital	Affinivax	$120M	Lexington, MA-based vaccine developer
OMERS, Echo Health Ventures, the California Medical Association, Meritech Capital Partners, CVF, GV	Aledade	$64M	Bethesda, MD-based network of accountable care organizations
Coatue Management, Altimeter Capital, Franklin Templeton, Index Ventures, Sequoia Capital	Confluent	$250M	Mountain View, CA-based data event streaming platform
Jimmy Iovine, NTWRK	FaZe Clan	$40M	Los Angeles, CA-based esports organization
Accel, Emergence Capital, Thrive Capital, FirstMark Capital, Slack, MSD Capital	Guru	$30M	Philadelphia, PA-based provider of collaborative knowledge management software
WRVI Capital, Cota Capital, DNX Ventures	Movandi	$27M	Irvine, CA-based developer of 5G millimeter wave networks
Sofinnova Partners, AbbVie Ventures, Dementia Discovery Fund, Mission Bay Capital, Alexandria Venture Investments	Nitrome	$38M	San Francisco, CA-based drug startup focused on a class of enzymes to target Parkinson’s disease and other age-related disorders
Scaleworks, Conviction Capital	Profitero	$20M	Boston, MA-based provider of ecommerce analytics SaaS for brands
Accel, CRV	Vercel	$21M	San Francisco, CA-based front-end development framework

April 24th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: April 8-15, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
BlackRock	New York, N Y	$5.1B	Third global energy and power infrastructure fund
Clearlake Capital Group	Santa Monica, CA	$7B +	Sixth fund
Corigin Ventures	New York, NY	$36M	First institutional fund
Entrée Capital	Israel	$100M	Third fund
GCM Grosvenor	Chicago, IL	$540M	Second buyouts co-investment opportunities fund
Lightspeed Venture Partners	Menlo Park, CA	$4.2B	Thirteenth flagship fund ($890M), fourth “select fund ($1.83B), and new opportunity fund ($1.5B)
Mayfield	Menlo Park, CA	$750M	Sixteenth early-stage fund and its second overage fund

Private Equity Investors	Company	Amount	Description
Stone Point Capital, Further Global	Duff & Phelps	$4.2B	New York-based corporate advisor and valuation firm
Grain Management	Hunter Communications	Undisclosed	Provider of bandwidth infrastructure in southern Oregon and northern California
Wynnchurch Capital	Western Forge & Flange	Undisclosed	Cleveland, TX-based manufacturer of forgings and flanges

Venture Capital Investors	Company	Amount	Description
Kleiner Perkins, Sequoia Capital, GV	Alkira	$30M	San Jose, CA-based multi-cloud networking start-up
Volcanics Ventures, Andreessen Horowitz	Alluxio	$15.5M	San Mateo, CA-based provider of open-source cloud data orchestration software
Sequoia Capital, Coatue Management	Attentive	$40M	New York-based personalized mobile messaging platform for brands
Evolution Equity Partners, Energize Ventures, Liberty Global Ventures, Bain Capital Ventures, Greylock	Awake Security	$36M	Santa Clara, CA-based network traffic analysis startup
Koch Disruptive Technologies and NEA	Beyond Identity	$30M	New York-based provider of password-less ID management solutions
Polaris Partners, D1 Capital Partners, OCV Partners, Red Sea Ventures, Sean Parker, Bellco Capital, Two River	ByHeart	$70M	New York-based provider of infant and baby nutrition products
GGV Capital, Redpoint Ventures, Uncork Capital, In-Q-Te	Coder	$30M	Austin, TX-based software development platform
Wavecrest Growth Partners, Beringea, Hermes GPE	Edited	$29M	New York-based “retail decision platform”
David Roux (Silver Lake), John Hammergren (McKesson), and Gregg Engles (WhiteWave Foods)	Kate Farms	$23M	Santa Barbara, CA-based provider of plant-based liquid meal formula for hospitals
Iconiq Capital, Cross Creek, Meritech Capital Partners, Spectrum Equity	Lucid	$52M	South Jordan, UT-based maker of visual workspace app
TPG Growth	Onfido	$100M	San Francisco, CA-based identity verification company
Andreessen Horowitz, General Catalyst, GV, Sequoia	Stripe	$600M	Digital payment platform
Peak6, Upper90, WTI, River Park Venture	Thrasio	$75M	New York-based acquirer of Amazon third-party private-label businesses
Next47, 83North, Commonfund Capital, Dell Technologies Capital, Goldman Sachs, Greenfield Partners, Mellanox Capital, Norwest Venture Partners	Vast Data	$100M	New York-based universal storage startup

April 16th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: March April 1-8, 2020

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.

PE and VC Firms Fundraising	Location	Amount	Description
Activant Capital	New York, NY	$257M	Third fund
American Pacific Group	San Francisco, CA	$450M	Debut fund
Crescent Capital Group	Los Angeles, CA and London, UK	€1.6B	Second European specialty lending fund
CVC Capital Partners	New York, NY and London, UK	$4.5B	Fifth Asia-focused buyout fund
Deerfield Management	New York, NY	$840M	Second healthcare growth equity fund
Flagship Pioneering	Cambridge, MA	$1.1B	Early-stage fund
Index Ventures	London, UK and San Francisco, CA	$2B	Tenth early stage VC fund ($800M) and fifth growth fund ($1.2B)
Insight Partners	New York, NY	$9.5B	Eleventh software-focused VC and growth equity fund
StepStone Group	San Francisco, CA	$2.1B	Fourth private equity secondaries opportunity fund
The Blackstone Group	New York, NY	€9.8 b	Sixth European real estate private equity fund
TrueBridge Capital Partners	Chapel Hill, NC	$190M	Second direct venture fund
VenBio Partners	San Francisco, CA	$394M	Third fund

Private Equity Investors	Company	Amount	Description
Silver Lake, Sixth Street Partners	Airbnb	$1B	San Francisco, CA-based home rental platform
Bernhard Capital	Ascension Wastewater Treatment	Undisclosed	Louisiana-based private sewer utility operator
Marlin Equity Partners	AVI-SPL	Undisclosed	Tampa, FL-based provider of workplace collaboration solutions
Veronis Suhler Stevenson, NewSpring Health Capital	BRC Healthcare	Undisclosed	Texas-based addiction treatment services company
SoFi	Galileo	$1.2B	Salt Lake City-based financial services API and payments platform
The Riverside Co.	Independent Living Specialists	Undisclosed	Australian provider of mobility devices like wheelchairs and personal care equipment like shower stools
Webster Equity Partners	One GI	$80M	Gastroenterology practice platform
Pine Island Capital Partners, Bain Capital Credit	Precinmac	Undisclosed	Manufacturer of high-precision machined components and assemblies for the aerospace & defense, semiconductor, and general industrials sectors
PSP Investments	SitusAMC	Undisclosed	Provider of tech and consulting services to the real estate finance market
ICV Partners	The Mintz Group	Undisclosed	New York-based investigative and enterprise risk management services company

Venture Capital Investors	Company	Amount	Description
Bregal Sagemount	Accellion	$120M	Palo Alto, CA-based enterprise content firewall company
JMI Equity, Next Coast Ventures, Silverton Partners	AlertMedia	$15M	Austin, TX-based provider of emergency communication software
Rally Ventures	Bugcrowd	$30M	San Francisco, CA-based crowdsourced cybersecurity startup
IVP, Sapphire Ventures	CircleCI	$100M	San Francisco, CA-based continuous integration and delivery platform for software development
DFJ Growth, Foundation Capital, Greenspring Associates, Wing VC, HP Enterprise, Cisco, Sequoia Capital, SoftBank Vision Fund	Cohesity	$250M	San Jose, CA-based software-defined data management company
Vensana Capital, Amgen Ventures	GPB Scientific	$25.5M	Richmond, VA-based therapeutic cell production and bioprocessing startup
AXA Venture Partners, Zendesk, Allos Ventures, Atlas Peak Capital, Rethink Education, The Yard Ventures	Lessonly	$15M	Indianapolis, IN-based online training platform for teams
ClearSky Security, Bessemer Venture Partners, Felicis Ventures	Okera	$15M	San Francisco, CA-based secure data access startup
Celeres Investments, Ford Motor Co., KT, Millennium Technology Value Partners, DSC Investment	Phantom AI	$22M	Burlingame, CA-based vehicle-agnostic autonomous driving platform
YC Continuity, Sapphire Ventures, Alkeon Capital, Recruit Co., Ltd., IVP, Accel, Summit Partners, GV	Podium	$125M	Lehi, UT-based customer messaging platform for local businesses
Atomico, BlackRock, Founders Fund, Redpoint Ventures	PsiQuantum	$215M	Palo Alto, CA-based developer of a commercial quantum computer
D1 Capital Partners, Uncork Capital, Union Square Ventures, Bessemer Venture Partners	Shippo	$30M	San Francisco, CA-based provider of shipping software
MemorialCare Innovation Fund, LRVHealth, OSF Ventures, UnityPoint Health Ventures, Act Venture Capital, B Capital Group	SilverCloud Health	$16M	Boston, MA-based digital mental health platform
General Catalyst, F-Prime Capital, Kickstart Seed Fund, Diōko Ventures, Jonathan Bush	SonderMind	$27M	Denver, CO-based behavioral health startup
Delta-v Capital, Afia Capital, Stadia Ventures, General Catalyst, Seaport Capital, DUMAC, Steve Pagliuca, Reggie Love	Teamworks	$25M	Durham, NC-based athlete engagement platform for collegiate and pro teams
Lightspeed Venture Partners	Tonkean	$24M	San Francisco, CA-based no-code automation platform
Insight Partners, Olive Tree Ventures, Qualcomm Ventures, Orbimed, Echo Health, Qure, Teuza	Tyto Care	$50M	New York, NY-based telehealth platform

April 10th, 2020|Scherzer Deal Report|