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