Client communication regarding coronavirus

At Scherzer International, we are keenly aware of the potential impact of the coronavirus (COVID-19) and are taking steps to provide for the continuity of our services and the safety of our employees. Disaster preparedness is an integral part of our risk management program and includes a viable pandemic plan. Below are some of the features of the plan and actions we are taking:  

The outbreak of COVID-19 and its threats are changing rapidly. We will provide further updates as new information is available.

Disclaimer: This communication is for general informational purposes only, and does not constitute legal advice. No recipient should act, or refrain from acting, on the basis of any information provided here without advice from a qualified attorney licensed in the applicable jurisdiction.

March 10th, 2020|Press Release|


As the year and a new decade unfold, we bring you this update on ban-the-box legislation and laws that restrict credit report usage in employment decisions. And no update would be complete without a reminder about a standard-setting federal appellate opinion from 2019 interpreting the Fair Credit Reporting Act (FCRA) disclosure requirement for an employment background check.

Let’s start with a reminder

In January 2019, the Ninth Circuit’s opinion in Gilberg v. California Check Cashing Stores, LLC made clear that any extraneous information in an FCRA disclosure form regarding an employment background check — even if the information is related to state-mandated expansions of consumer rights — violates the FCRA’s requirement that the disclosure must be “in a document that consists solely of the disclosure.

Even seemingly innocuous content, such as asking for an acknowledgment that the candidate received the FCRA summary of rights or including a statement that hiring decisions are based on legitimate non-discriminatory reasons may run afoul of the FCRA. And any state and local notices regarding the background check must be provided in separate documents, as applicable to each candidate.

Experts believe that the number of class-action lawsuits brought under the FCRA for technical errors will continue to increase. But there is an easy way to comply:

Present the disclosure to the candidate in a separate, standalone, conspicuous document. Make it clear and simple. Keep it short.

Ban-the-box laws continue to proliferate

“Ban-the-box” measures – which generally prohibit employers from inquiring about a candidate’s criminal history (including performing background checks) until later in the hiring process – continue to proliferate. Currently, 14 states (CaliforniaColoradoConnecticutHawaii; IllinoisMaryland (effective February 29, 2020); MassachusettsMinnesotaNew JerseyNew Mexico; Oregon; Rhode Island; Vermont and Washington) and 22 local jurisdictions (Austin, TX ; Baltimore, MDBuffalo, NYChicago, ILCook County, ILColumbia, MODistrict of ColumbiaGrand Rapids, MIKansas City, MOLos Angeles, CA; Montgomery County, MDNew York City, NY;  Philadelphia, PA; Portland, ORPrince George’s County, MDRochester, NYSaint Louis, MO (effective January 1, 2021); San Francisco, CA; Seattle, WA; Spokane, WA; Waterloo, IA (effective July 1, 2020 but lawsuit filed to strike down the ordinance); and Westchester County, NY) have such laws in place for private employers.

Be mindful of credit restrictions

Less popular than state and local legislatures on ban-the-box and prohibitions on salary history inquiries, credit check restrictions remain an important consideration for employers. Ten states CaliforniaColoradoConnecticut, Hawaii, Illinois, Maryland, Nevada, OregonVermont, and Washington – as well as ChicagoDistrict of ColumbiaNew York City, and Philadelphia all place restrictions on employers’ use of credit reports with exceptions for the use of such checks when required by law or the responsibilities of the position.      

Arguably, the most imposing local credit report law to date continues to be the New York City’s Human Rights amendment that went into effect on May 6, 2015, and made requesting and using consumer credit history for hiring and other employment purposes, with certain exceptions, an unlawful discriminatory practice. The law provides that a “consumer credit report” includes “any written or other communication of any information by a consumer reporting agency that bears on a consumer’s creditworthiness, credit standing, credit capacity or credit history.”Many legal experts hold that the broad scope of this definition not only prohibits obtaining a consumer credit report but also searches of liens, judgments, bankruptcies, and financially-related lawsuits if there is no exemption. There is no case law on this matter. 

On the national level, the U.S. House of Representatives on January 29, 2020, passed legislation that prohibits employers from using credit reports for employment decisions, except when required by law or for a national security clearance. The bill also prohibits asking questions about applicants’ financial past during job interviews or including questions about credit history on job applications. The U.S. Senate, however, is not expected to introduce the legislation.

March 6th, 2020|Employment Decisions|

The Scherzer Deal Report: Feb 26 – March 4, 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
Corsair Capital  New York, NY $1B Fifth private equity fund 
Fifth Wall Ventures Los Angeles, CA $100M Fifth Wall Ventures Retail Fund
Lakestar Zurich, Switzerland $735M European investment funds
M33 Growth Boston, MA $260M Second fund
MPM Capital Boston, MA $100M MPM Oncology Innovations Fund (INV)
QED Investors Alexandria, VA $350M Sixth fund
Ridgewood Infrastructure New York, NY $600M Debut private equity fund
Speedinvest Vienna, Austria €190 m Third pan-European VC fund
Ubiquity Ventures Palo Alto, CA $40M Second fund

Private Equity Investors Company  Amount Description
Regions Bank Ascentium Capital Undisclosed Kingwood, TX-based equipment finance lender
The Blackstone Group Dealpath Undisclosed San Francisco, CA-based provider of real estate investment and portfolio management software
Warburg Pincus Delta Midstream Undisclosed Houston, TX-based midstream energy company focused on multiple basins
Prospect Hill Growth Partners Fitness Ventures Undisclosed Orlando, FL-based franchisee of Crunch Fitness gyms
Nautic Partners Harrington Industrial Plastics Undisclosed Chino, CA-based distributor of industrial plastic piping
The Blackstone Group NRStor Undisclosed Toronto-based developer of battery storage solutions
Odyssey Investment Partners NSi Industries Undisclosed Huntersville, NC-based provider electrical connectors and wire management products
Highview Capital, Firstlight Media Quickplay Undisclosed Toronto, Canada-based provider of managed solutions for distributing video content to IP-connected devices
Francisco Partners Smith Technologies Undisclosed Spartanburg, SC-based developer of community pharmacy and long-term care technology
Charlesbank Capital Partners World Insurance Associates Undisclosed Tinton Falls, NJ-based insurance brokerage

Venture Capital Investors Company  Amount Description
Pivotal bioVenture Partners, Cormorant Asset Management, Cowen Healthcare Investments, EcoR1 Capital, Fidelity, Polaris, Pagsgroup, Surveyor Capital, Wu Capital, 5AM Ventures, NEA, Novartis, Partners Innovation Fund, RA Capital Management, Sofinnova Investments Akuous $105M Boston, MA-based gene therapy startup focused on hearing loss
Fidelity, T-Rowe Price, Durable Capital Partners Alignment Healthcare $135M Orange, CA-based Medicare Advantage insurer
Omega Funds, Longitude Capital, Redmile Group, Polaris Partners, Casdin Capital, Two River, Venrock, Delian Capital, Frazier Healthcare Partners Amunix Pharmaceuticals $73M Mountain View, CA-based developer of T-cell engagers for treating solid tumors
Oak HC/FT, .406 Ventures, BlueCross BlueShield Venture Partners, Sandbox Advantage Fund AxialHealthcare $15M Nashville, TN-based healthcare optimization startup focused on substance use issues
Rokk3r Fuel Bolt Mobility $30M Miami Beach, FL-based electric scooter company co-founded by Olympic sprinter Usain Bolt
Summit Partners Brooklinen $50M Brooklyn, NY-based e-commerce company for bedding and home goods
JLL Technologies Eden $29M San Francisco, CA-based office management services platform
Deerfield Healthcare, Qiming Venture Partners US, Cormorant Asset Management, Invus Opportunities, Third Rock Ventures, GV Element Science $146M San Francisco, CA-based developer of wearable cardioverter defibrillators
Mercato Partners, Napier Park Financial Partners, Comcast Ventures, Blumberg Capital, Stereo Capital, Runa Capital Lendio $55M Lehi, UT-based small business loans marketplace
M33 Growth Mize Undisclosed Temple Terrance FL-based customer experience platform for manufacturers
Arrowroot Capital mParticle $45M New York-based consumer data platform
EQT Ventures, Preston-Werner Ventures, Andreessen Horowitz, Kleiner Perkins Netlify $53M San Francisco, CA-based web development platform
Novartis, Redmile Group, Farallon Capital Management, Cormorant Asset Management, Surveyor Capital, Logos Capital, Eventide Asset Management, Cowen Healthcare Investments, Schroder Adveq, Menlo Ventures, SCubed Capital, Agent Capital Pliant Therapeutics $100M San Francisco, CA-based developer of fibrosis treatments
Rokk3r Fuel PredaSAR $25M Boca Raton, FL-based developer of a synthetic aperture radar satellite constellation
Bessemer Venture Partners, Vy Capital, Andreessen Horowitz, YC, DCVC, FF Science, AME Cloud Ventures, Morado Ventures, WTI Rigetti Computing $71M Berkley, CA-based developer of quantum computing for AI and computational chemistry
Susquehanna International Group, Morningside Group, SMiT, Palm Commerce Holdings Co., Chariot Gold, SV Tech Ventures, Innolinks Ventures Sensel $22M Sunnyvale, CA-based developer of pressure-sensitive touchpad devices
Craft Ventures, Redpoint Ventures, Goldcrest Capital Sourcegraph $23M San Francisco, CA-based provider of universal code search for companies
Flare Capital Partners, Breyer Capital, Epsilon Health, First Round Capital, Venroc Suki $20M Redwood City, CA-based developer of a voice-enabled digital clinical assistant
Cornerstone OnDemand, HTC, Farmers Insurance Exchange Talespin $15M Los Angeles, CA-based provider of AR/VR workforce training
Founders Fund, Khosla Ventures, DCM, Bling Capital Tempo $17.5M San Francisco, CA-based connected home fitness system
Draper Esprit, Lloyds Banking Group, IQ Capital, Backed, Playfair Capital Thought Machine $83M London-based core banking platform
Zeev Ventures, Lennar Ventures Veev $85M San Mateo, CA-based developer of smart home materials and systems
Silver Lake, CPPIB, Mubadala Investment Co., Alphabet, Andreessen Horowitz, AutoNation, Magna International Waymo $2.25B Mountain View, CA-based self-driving unit of Alphabet
Takeda Ventures, SV Health Investors, MRL Ventures Fund, RiverVest Venture Partners, Bay City Capital, Solasta Ventures, M Ventures, Ipsen Ventures, F-Prime Capital, Atlas Venture Xilio Therapeutics $100.5M Waltham, MA-based developer of tumor-selective immuno-oncology therapies

March 5th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Feb 19-26, 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
Corsair Capital  New York, NY $1B Fifth private equity fund 
Fifth Wall Ventures Los Angeles, CA $100M Fifth Wall Ventures Retail Fund
Lakestar Zurich, Switzerland $735M European investment funds
M33 Growth Boston, MA $260M Second fund
MPM Capital Boston, MA $100M MPM Oncology Innovations Fund (INV)
QED Investors Alexandria, VA $350M Sixth fund
Ridgewood Infrastructure New York, NY $600M Debut private equity fund
Speedinvest Vienna, Austria €190 m Third pan-European VC fund
Ubiquity Ventures Palo Alto, CA $40M Second fund

Private Equity Investors Company  Amount Description
TA Associates AffiniPay Undisclosed Austin, TX-based payments tech company
BlackRock Long Term Private Capital Creed Undisclosed London-based luxury fragrance company
Sverica Capital Management Cytracom Undisclosed Allen, TX-based provider of cloud-based voice and messaging solutions for MSPs
Siris Capital Digital River $50M Minneapolis, MN-based e-commerce enabler for brands
Brookstone Partners Hudson Valley Undisclosed New Hampton, NY-based mitigation and restoration company
The Blackstone Group  iQ £4.66B British student housing company
The Stephens Group Kele Undisclosed Memphis, TN-based distributor of building automation peripherals and controls solutions
The Carlyle Group Mak-System Undisclosed Brussels-based provider of blood management software
Align Capital Partners Marco Rubber & Plastics Undisclosed Seabrook, NH-based distributor of elastomer components
NEXT Investors NorthPoint Undisclosed Reston, VA-based product suite and technology consulting practice
Wynnchurch Capital Penn Machine Undisclosed Aston, PA-based maker of high-pressure forged fittings and branch connections
Industrial Opportunity Partners PolyVision Undisclosed Johns Creek, GA-based maker of surfaces used in whiteboards and chalkboards
BV Investment Partners TopBloc Undisclosed Chicago, IL-based Workday services partner
Hellman & Friedman, Blackstone Group Ultimate Software and Kronos Undisclosed Merger to create one of the largest human capital management (HCM) and workforce management cloud solutions
Searchlight Capital Partners, ForgeLight Univision Undisclosed Nation’s largest Spanish-language broadcaster

Venture Capital Investors Company  Amount Description
Xeraya Capital, Longview Ventures, Catalyst Health Ventures, BioStar Ventures, Cedar Point Capital, Frontcourt Group Aria CV $31M St. Paul, MN-based developer of medical devices for treating pulmonary arterial hyperextension
Acrew Capital, Munich Re Ventures, Khosla Ventures, Lightspeed Venture Partners, Shlomo Kramer At-Bay $34M Mountain View, CA-based cybersecurity insurance startup
SoftBank Vision Fund 2 Behavox $100M New York-based provider of compliance and employee-monitoring software
Undisclosed DigitalOcean $100M New York-based cloud infrastructure company
Cobalt Capital, Spark Capital, Kleiner Perkins, Bain Capital Ventures, Y Combinator, SV Angel, PJC, Fuel Capital, Wildcat Capital Management  Feather $30M New York-based furniture rental servic
SignalFire, GLP Capital Partners Flock Freight $50M Solana Beach, CA-based freight logistics matching platform
LS Corp., Forte Ventures, Dell Technologies Capital, Intel Capital, Saudi Aramco Energy Ventures, Honeywell Ventures, GE Ventures, Robert Bosch Venture Capital, March Capital Partners, Darling Ventures FogHorn $25M Sunnyvale, CA-based provider of edge computing intelligence software
Dell Technologies Capital, Iconiq Capital, Tiger Global Management, Kearny Jackson, Alpha Square Group HeadSpin $60M Palo Alto, CA-based provider of mobile app performance software
Health Velocity Capital, USVP, Chicago Ventures, Epic Ventures HealthJoy $30M Chicago, IL-based employee benefits platform
Anterra Capital Invetx $15M Boston, MA-based veterinary medicine startup
14W, Mangrove Capital, Anthem, Lerer Hippeau, Primary Ventures K Health $48M New York-based digital primary care service
SoftBank Vision Fund 2 Karius $165M Redwood City, CA-based startup that tests for and identifies infectious diseases
Norwest Venture Partners, Shasta Ventures, Kleiner Perkins, Canaan, Launchub Leanplum $27M San Francisco, CA-based provider of customer engagement software tools
Breakthrough Energy Ventures, The Engine, Lowercarbon Capital, The Grantham Foundation Lilac Solutions $20M Oakland, CA-based lithium mining technology company,
Dawn Capital, Battery Ventures, Goldman Sachs, ProSieben, Qumra Capital, Vintage Investments, Gemini Ventures, North Base Media, La Maison, Remagine Ventures, Hamilton Lane, Maor Investments Minute Media $40M New York-based sports media company that recently acquired The Player’s Tribune
RPS Ventures, Founder’s Circle Capital, IAC, Foundry Group, Crosslink Capital, Uncork Capital, TransLink Capital Molekule $58M San Francisco, CA-based developer of connected indoor air purifiers
DCVC Bio, 8VC, Novo Holdings, Future Tech Labs, AgFunder, Susa Ventures, Cthulhu Ventures, Wireframe Ventures MycoWorks $17M San Francisco, CA-based developer of a leather alternative
Charter Communications, Qualcomm, Belkin, Service Electric Cablevision, Liberty Global, Shaw Communication Plume $60M Palo Alto, CA-based consumer experience management platform for smart home services
Toyota $462M California and China-based self-driving car startup
Andreessen Horowitz Q Bio $40M San Carlos, CA-based quantitative, clinically-relevant assessment of personal human health
CDK Global, Kleiner Perkins, GV, SVB, Lux Capital, Tyche Partners, Icon Ventures, Baidu, Steve Wozniak Ripcord $45M Hayward, CA-based robotics digitization startup
Andreessen Horowitz, Temasek, Tencent, Altos Ventures, Meritech Capital, Tiger Global Management Roblox $150M San Mateo, CA-based gaming platform
BlackRock, Intel Ventures, GV, Walden International, WRVI Capital, Redline Capital SambaNova Systems $250M Palo Alto, CA-based developer of software-defined AI hardware
Salesforce Ventures, Silver Lake ServiceMax $80M Pleasanton, CA-based provider of field service management software
ABS Capital Partners, Causeway Media Partners, Jim Lombardi SquadLocker $20M Warwick, RI-based provider of custom apparel and equipment purchasing software for teams and organizations
Jump Capital, Granite Point Capital, Jerry Hausman, Ed Baker Teikametrics $15M Boston, MA-based startup that offers tools to brands and sellers on Amazon and Walmart
Georgian Partners, Insight Partners, Ignition Partners Tractable $25M London-based insuretech startup
Aquiline Technology Growth, World Innovation Lab, Goldman Sachs Unqork $51M New York-based no-code enterprise app platform
NextWorld Van Leeuwen $18.7M Brooklyn, NY-based artisanal ice cream brand

February 28th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Feb 12-19, 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
Align Capital Partners Dallas, TX and Cleveland, OH $450M Second private flagship fund
ForgePoint Capital San Francisco, CA $450M Second fund
Marcy Venture Partners San Francisco, CA $85M Flagship venture capital fund
Odyssey Investment Partners New York, NY $3.25B Sixth middle-market buyout fund
Pamlico Capital Charlotte, NC $1.4B Fifth flagship fund

Private Equity Investors Company  Amount Description
TA Associates Auction Technology Group Undisclosed London and Omaha, NE-based online auctions platform
Platinum Equity Biscuit International Undisclosed Paris-based manufacturer of private label cookies
Amherst Residential Front Yard Residential Undisclosed U.S. Virgin Islands-based real estate investment trust company
Thompson Street Capital Partners Len the Plumber Undisclosed Baltimore-DC metropolitan-based full-service residential plumbing contractor

Private Equity Investors Company  Amount Description
Norwest Venture Partners, Menlo Ventures, True Ventures, Khosla Ventures, First Round Capital, Ram Shriram, Maynard Webb Investment Aisera $20M Palo Alto, CA-based robotic process automation startup
Integrity Growth Partners Algo $15M Troy, MI-based supply chain technology company
WAVE Equity Partners, Chevron Technology Ventures, Marubeni Corporation Carbon Clean Solutions $16M London-based carbon dioxide separation technology company
Goldman Sachs, Tiger Global Management, Adage Capital Management Flywire $120M Boston, MA-based vertical payments company
Morgan Stanley Expansion Capital, NewView Capital, Upfront Venture GumGum $22M Santa Monica, CA-based computer vision and natural language processing company
ForgePoint Capital Huntress Labs $18M Elliott City, MD-based cybersecurity startup
CDC Group iMerit $20M Los Gatos, CA-based data annotation and enrichment company
Icon Ventures, Sequoia Capital, Oak HC/FT, Spring Mountain Capital, Female Founders Fund, Harmony Partners, Reese Witherspoon, Natalie Portman, Mindy Kaling Maven $45M New York-based company providing employee benefits focused on women’s health and family planning
Coatue Management, Insight Partners OneTrust $210M Atlanta, GA-based cybersecurity company
NEA, 8VC Outrider $53M Golden, CO-based startup developing robots for warehouse yards
Optum Ventures Scipher Medicine $25M Waltham, MA-based developer of a molecular technology platform
Insight Partners, Tiger Global Management, Qualcomm Ventures LLC, Vista Public Strategies of Vista Equity Partners, Third Point Ventures SentinelOne $200M Mountain View, CA-based cybersecurity company
Bessemer Venture Partners, TPG, Greenoaks Capital, Tiger Global Management, Durable Capital Partners, TCV, G Squared, Light Street Capital, Alta Park Capital Toast $400M Boston, MA-based maker of payment processing hardware and software for restaurants
Benesse Holdings Udemy $50M San Francisco, CA-based online education company
Artiman Ventures, Robert Bosch Venture Capital, Abies Ventures, Asahi Kasei Corporation, Hui Capital, Sony Innovation Fund UltraSense Systems $20M San Jose, CA-based maker of touch user interface technology using 3D ultrasound
Sequoia Capital India, Eight Roads Ventures, F-Prime Capital, Cisco Investments Whatfix $32M San Jose, CA-based provider of digital enterprise tool
Intel Capital, NEA, Highland Capital Partners, Redline Capital Management, Hercules Capital, Core Capital ZeroFox $74M Baltimore, MD-based cybersecurity company

February 20th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Feb 5-12, 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
A/O PropTech London, England €250M Debut fund
Battery Ventures Boston, MA $2B Battery Ventures XIII $1.2B fund and Battery Ventures XIII Side fund with $800M
KKR New York, NY $1.3B First global impact investing fund

Private Equity Investors Company  Amount Description
Post Capital Partners Agile Sourcing Partners Undisclosed Corona, CA-based BPO company for the electric and gas utility, commercial construction, security, and telecom markets
AE Industrial Partners American Pacific Undisclosed Cedar City, UT-based chemical manufacturer for U.S. government military and space programs
Apax Partners Cadence Education Undisclosed Scottsdale, AZ-based early childhood education provider
Industrial Opportunity Partners Competition Cams Undisclosed Memphis, TN-based maker camshaft and valvetrain-related components for the automotive aftermarket
 Investcorp Fortune International Undisclosed Bensenville, IL-based distributor of seafood and gourmet food products
Trilantic North America Gorilla Commerce Undisclosed Westport, CT-based direct-to-consumer home and pet product development platform
One Rock Capital Partners Innophos $932M Cranbury, NJ-based food additives maker
Entrepreneurial Equity Partners Kronos Foods Corp. Undisclosed Glendale Heights, IL-based provider of Mediterranean food products
Gryphon Investors Pacur Undisclosed Oshkosh, WI-based provider of specialty plastic packaging materials for the medical device industry
Brentwood Associates Parchment Undisclosed Scottsdale, AZ-based digital credentialing service
EQT Partners Rimes Technology Undisclosed New York-based provider of financial data management and regulatory software
Westhook Capital Santa Rita Landscaping Undisclosed Tucson, AZ-based provider of commercial landscaping services
RedBird Capital Partners, CJ Entertainment, Tencent Skydance Media Undisclosed Hollywood, CA-based film studio 
Morgenthaler Private Equity Teel Plastics Undisclosed Baraboo, WI-based manufacturer of custom plastic tubing
Washington Equity Partners Tube Bending Undisclosed Apple Valley, CA-based manufacturer and fabricator of tubing and tubing assemblies

Venture Capital Investors Company  Amount Description
AccelFoods, New Crop Capital, Green Monday Ventures, Blue Horizon Alpha Foods $28M New York-based provider of vegetarian prepared meals
Venrock, Andreessen Horowitz Astranis $90M San Francisco, CA-based commercial satellite startup
Insight Partners Carbon Relay $63M Boston, MA-based startup focused on optimizing app performance in Kubernetes environments
ForgePoint Capital, Trend Forward Capital Cysiv $26M Dallas, TX-based SOC-as-a-service startup
WRVI Capital, Dell Technologies Capital, Redline Capital, Acorn Pacific Ventures Datometry $17M San Francisco,CA-based data warehouse virtualization startup
Millennium New Horizons, Unbound, LG, Nvidia Deep Instinct $43M US-Israeli cybersecurity startup
Osparie Ag Science, Spark Capital Freight Farms $15M Boston, MA-based maker of vertical-farming containers
super[set], Ridge Ventures Habu $15M US based developer of “omni-channel orchestration for the entire customer journey
blisce,  Waverley Capital, Times Bridge Headspace $53M Santa Monica, CA-based meditation app maker
Cyrus Capital Partners, State Farm Ventures, Upfront Ventures, FirstMark Capital, Greycroft HopSkipDrive $22M Los Angeles, CA-based ride-share company focused on kids and families
Northpond Ventures, Genoa Ventures, Vertical Venture Partners Intabio $18M Newark, CA-based developer of instrumentation systems for biotherapeutic precision analysis and quality assessment
Premji Invest, Cox Enterprises, Temasek F-Prime Capital, Devonshire Investors, .406 Ventures, Flare Capital Partners, Polaris Partners, Khosla Ventures Iora Health $126M Boston, MA-based primary care provider that focuses on Medicare patients over 65
Bain Capital Life Sciences, Andera Partners, GIMV, Legend Capital, NeoMed Management, RMM, Valiance Life Sciences, VI Partners JenaValve Technology $50M Irvine, CA-based developer of replacement heart valves
Greycroft, Maveron, Abstract Ventures Landing $20M San Francisco, CA membership-based provider of finished urban apartments
Eight Roads, F-Prime Capital, Matrix Partners India, Ventureast MoEngage $25M San Francisco, CA and Bangalore-based customer engagement and insights startup
Sequoia Capital, CPPIB, PSP Investments, Lightspeed Venture Partners, Accel, Base Partners, Iconiq Capital, Sapphire Ventures, Geodesic Capital, Social Capital Netskope $340M Los Altos, CA-based cloud access security broker,
Accel, Two Sigma Ventures, Heavybit, Prime Set, Bedrock Capital Radar $20M Brooklyn, NY-based location data infrastructure startup
Dragoneer Investment Group, Salesforce Ventures, Altimeter Capital, Iconiq Capital, Madrona Venture Group, Redpoint Ventures, Sequoia Capital, Sutter Hill Ventures Snowflake $479M San Mateo, CA-based cloud data warehousing company
Arch Venture Partners, Milky Way Ventures, 8VC, Lyell Immunopharma Sonoma Biotherapeutics $40M San Francisco, CA and Seattle, WA-based developer of regulatory T-cell treatments for autoimmune and neurodegenerative diseases
Cardinal Health, Novartis, Gilead Sciences, Canaan Partners, Threshold Ventures, Section 32, LifeForce Capital, Casdin Capital, Hive Ventures Vineti $35M San Francisco, CA-based developer of logistics software for cell and gene therapies

February 14th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Jan 29 – Feb 5, 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
Trivest Partners Miami, FL $670M Trivest Growth Investment Fund II (“TGIF II”) and the Trivest Discovery Fund
Turn/River Capital San Francisco, CA $420M Fourth fund
Vestar Capital Partners New York, NY $1.1B Seventh middle-market buyout fund
Andreessen Horowitz Menlo Park, CA $750M Third life sciences  fund
ArcLight Capital Boston, MA $3.4B Seventh energy infrastructure fund
Industry Ventures San Francisco, CA $125M Debut tech buyout fund
U.S. Venture Partners Menlo Park, CA $340M Twelfth early-stage VC fund
Ecosystem Investment Partners Baltimore, MD $455M Fourth fund
Generate Capital San Francisco, CA $1B New fund

Private Equity Investors Company  Amount Description
Advent International Forescout Technologies $1.9B San Jose, CA-based device visibility and control company
Freeman Spogli Galco Undisclosed Madison Heights, MI-based distributor of MRO industrial electronic components
Black Dragon Capital Grass Valley Undisclosed Montreal-based provider of broadcast equipment and solutions
New Mountain Capital ILC Dover Undisclosed Frederica, DE-based maker of engineered products
Kriya Capital Medstat Accounts Receivables Management Undisclosed Mesa, AZ-based provider of revenue cycle services for medical professionals
Lakeview Capital The Mochi Ice Cream Co. Undisclosed Los Angeles, CA-based maker of branded mochi ice cream
Frontenac XanEdu Undisclosed Ann Arbor, MI-based provider of customized digital and print course materials

Private Equity Investors Company  Amount Description
SoftBank Vision Fund 2, GreenOaks Capital, Jackson Square Ventures, Olive Tree Capital, Zola Global Alto $250M San Francisco, CA-based digital pharmacy
Cottonwood Venture Partners, Mercury Fund Ambyint $15M Calgary-based AI-powered production and artificial lift optimization
Insight Partners, Lightspeed Venture Partners, Angular Ventures, Silvertech Ventures Aquant $30M New York-based service intelligence platform
Koch Disruptive Technologies, CRV, CrowdStrike Automox $30M Boulder, CO-based cyber hygiene platform provider
Koito Manufacturing Cepton Tech $50M San Jose, CA-based developer of LiDAR solutions
Eclipse Venture ClearMetal $15M San Francisco, CA-based Continuous Delivery Experience “CDX” for supply chains and logistics solutions
Andreessen Horowitz, Greylock Cresta $21M San Francisco, CA-based AI platform for customer service
Activant Capital, 8VC, GLP, Ryan Peterson Deliverr $40M San Francisco, CA-based delivery fulfilment startup
NewRoad Capital Partners, Greycroft, 9Yards Emerge $20M Phoenix, AZ-based digital freight marketplace
Sequoia Capital, Activant Capital, Inspired Capital, Acrew Capital, Bain Capital Ventures Finix $35M San Francisco, CA-based payments infrastructure platform
Imaginary Ventures, Wittington Ventures, Fifth Wall, Lerer Hippeau, Revolution’s Rise of the Rest Seed Fund, M3 Ventures, The University of Chicago, Collaborative VC, Wasson Enterprise, Bluestein Associates, Barshop Ventures Foxtrot $17M Chicago, IL-based online convenience store
Bessemer Venture Partners, Lead Edge Capital, Insight Partners, Atomico, 11.2 Capital, Quadrille Capital, Heuristic Capital Hinge Health $90M San Francisco, CA-based digital physical therapy platform
Morpheus Ventures, Alpha Edison,  PSP Growth HouseCanary $65M San Francisco, CA-based home valuation company
McKesson Ventures, Define Ventures, Khosla Ventures, Brook Byers, Marc Benioff Lightship $20M Los Angeles, CA-based direct-to-patient clinical research startup
Perceptive Advisors, Clifton Capital, RA Capital Management, Soleus Capital, ArrowMark Partners, Polaris Venture Partners, North Bridge Venture Partners, Intersouth Partners Lyra Therapeutics $30M Watertown, MA-based biotech focused on ear, nose and throat disease
Verily, Decheng, NFX, Mayfield, Brook Byers, Jeff Huber Mammoth Biosciences $45M San Francisco, CA-based CRISPR disease detection platform
AME Cloud Ventures, DataCore Software, Insight Partners MayaData $26M Palo Alto, CA-based container attached storage provider for Kubernetes
NEA, Apax Digita, Santo Domingo Family, Comerica Bank, TriplePoint Capital Moda Operandi $100M New York-based fashion discovery platform
MIG Capital, Western Digital Capital, Orange Digital Ventures, Partech Ventures, BGV, Plug-N-Play NGD Systems $20M Irvine, CA-based computational storage startup
SBI Holdings OpenLegacy $20M Princeton, NJ-based enterprise API integration platform
D1 Capital Partners, Fidelity, Partner Fund Management, T. Rowe. Price, Perceptive Advisors Outset Medical $125M San Jose, CA-based developer of an all-in-one dialysis device
DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures, Wildcat Ventures, Leap Global Partners, BlueRun Ventures Paystand $20M Scotts Valley, CA-based commercial payments platform
Vulcan Capital, Durable Capital Partners Rad Power Bikes $25M Seattle, WA-based e-bike brand and retailer
Oak HC/FT, Felicis Ventures, Prologis, Craft Ventures, Signia Venture Partners, Storm Ventures, Struck Capital, Stage 2 Capital Sendoso $40M San Francisco, CA-based sending platform for e-gifts and customer engagement
Vertical Venture Partners, Grayhawk Capital, Ankona Capital, Blossom Street Ventures SOCi $15M San Diego, CA-based localized marketing platform
Yamasa, Pontifax AgTech, Partech Partners, Azure Capital Partners, Next Equity The Bouqs Co. $30M Venice Beach, CA-based online flower retailer
Accel, Floodgate, Weatherford Capital, Ballast Point Ventures, Silverton Partners The Zebra $38.5M Austin, TX-based auto insurance marketplace
GV, Bain Capital Ventures, Casdin Capital, Define Ventures Verana Health $100M San Francisco, CA-based clinical database

February 6th, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Jan 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
Benhamou Global Ventures Palo Alto, CA $150M Fourth fund
GLS Capital Chicago, IL $345M Debut litigation finance fund
Intermediate Capital Group London, UK $2.4B Third fund
Kinderhook Industries  New York, NY $1.11B Sixth private equity fund
Prime Movers Lab Jackson, WY $100M First seed-stage fund 
Ribbit Capital Palo Alto, CA $420M Sixth flagship fund

Private Equity Investors Company  Amount Description
TPG Growth Denali Water Solutions Undisclosed Russellville, AR-based provider of specialty waste and environmental recycling and disposal services
Incline Equity Partners  Foundation Source Undisclosed Fairfield, CT-based provider of support services to private foundations
Gryphon Investors PestRoutes Undisclosed Mckinney, TX-based provider of business management software for pest control companies
Warburg Pincus Scale Microgrid Solutions Undisclosed Ridgewood, NJ-based distributed clean energy and microgrid platform

Private Equity Investors
Susquehanna Growth Equity, Silversmith Capital Partners ActiveCampaign $100M Chicago, IL-based customer experience automation startup
SBI Material Innovation Fund, Future Shape, PeopleFund, Thiel Capital, DCVC,  YC Advano $18.5M New Orleans, LA-based developer of solutions for improving rechargeable battery life
Sequoia Capital, IVP, Eniac Ventures, NextView Ventures Attentive $70M New York-based personalized mobile messaging platform for brands
Centana Growth Partners, Pimco, Global Atlantic Beacon Platform $20M New York-based provider of capital markets software
Lightspeed Venture Partners, MizMaa Ventures, TLV Partners Bond $15M New York-based maker of electric tricycles for last-mile delivery
Greylock, Battery Ventures, Lerer Hippeau Clubhouse $25M New York-based software provider for engineers to produce new features or standalone apps
Mitsubishi Estate Co., Industry Ventures, Prudence Holdings, Lerer Hippeau Ventures, Jackson Square Ventures Crexi $30M Los Angeles, CA-based commercial real estate marketplace
Samsung, Industry Ventures, AvidBank, M12, Costanoa Ventures, True Ventures, Northgate Directly $20M San Francisco, CA-based developer of crowdsourced chatbots for customer service
Mubadala Capital, Canvas Ventures Gabi $27M San Francisco, CA-based startup aimed at helping consumers save money on home and auto insurance
Insight Partners Hivebrite $20M New York-based community management and engagement platform
Union Square Ventures, FirstMark Capital, Bain Capital Ventures, Index Ventures, Redpoint Ventures, Spark Capital, Thrive Capital Justworks $50M New York-based provider of HR management software
Horizons Ventures, Alibaba, CDIB, Himax Technologies, Qualcomm, Thundersoft, Sequoia Capital Kneron $40M San Diego, CA-based on-device edge startup
Morgan Stanley Expansion Capital, HPE, Sapphire Ventures OpsRamp $37.5M San Jose, CA-based startup that helps IT teams automate and manage hybrid environments
Coatue Management, First Round Capital Persona $17.5M San Francisco, CA-based identity verification startup
KKR, Norwest Venture Partners, Revolution Ventures, Susa Ventures, AXA Venture Partners, MassMutual Ventures,Transamerica Ventures Policygenius $100M New York-based online insurance marketplace
RA Capital, Abbvie Ventures, Atlas Venture, Arix Bioscience Quench Bio $50M Cambridge, MA-based biotech focused on inflammatory diseases
Anchor Group, Comcraft Roambee $15.2M Santa Clara, CA-based on-demand shipment monitoring platform
General Catalyst, Mayfield $50M San Jose, CA-based provider of cybersecurity and compliance automation tool
Felicis Ventures, Next47, Sequoia Capital, Meritech Capital Verkada $80M San Mateo, CA-based developer of physical security cameras for the enterprise
Eminence Capital, Raine Ventures Whip Media Group $50M Santa Monica, CA-based maker of the TV Time tracking app for television and film viewing

January 31st, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Jan 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.

Manage your Scherzer International subscription(s).

PE and VC Firms Fundraising Location Amount Description
Lexington Partners New York, NY $14B Ninth fund
Define Ventures San Francisco, CA $87M Debut fund
HarbourVest Partners Boston, MA 2.61B Eleventh US fund-of-funds
Hollyport Capital London, UK $1B Seventh private equity secondaries fund
KKR  New York, NY $2.2B Second tech growth equity fun
Manulife Investment Management Boston, MA $1.5B First Private Equity fund of funds
Pathway Capital Management   $1B Third private credit fund
Siguler Guff New York, NY $1.6B Fourth fund
The Blackstone Group New York, NY $3.4B Life Science fund

Private Equity Investors Company  Amount Description
Palladium Equity Partners  Accupac Undisclosed Mainland, PA-based provider of outsourced manufacturing and packaging solutions for the personal care and beauty markets
TPG Sixth Street Partners AvidXchange $260M Charlotte, NC-based provider of accounts payable and payment automation software
Veritas Capital  Campus Management Undisclosed Boca Raton, FL-based provider of student information systems and other software for higher education
New Mountain Capital Classic Collision Undisclosed Atlanta, GA-based operator of 34 collision-repair facilities in the Southeastern U.S.
Stone Point Capital, Further Global Duff & Phelps $4.2B New York, NY-based corporate advisor and valuation firm
Frazier Healthcare Partners Eptam Precision Solutions Undisclosed Northfield, NH-based outsourced medical device manufacturer
Skyview Capital Fidelis Cybersecurity Undisclosed Bethesda, MD-based enterprise network security company
Regent Square, Galtney Partners Generator Source Undisclosed Brighton, CO-based provider of commercial standby generators
Rhone Group, Chatterjee Group Lummus Technology $2.725B Bloomfield, NJ-based provider of chemical processing technologies for hydrocarbon industry
Long Ridge Equity Partners NinjaTrader Undisclosed Chicago, IL-based provider of trading software and brokerage services
Brand Velocity Partners Original Footwear Undisclosed Stockton, CA-based maker of footwear for military and law enforcement personnel
McNally Capital  Re-Sourcing Holdings Undisclosed New York, NY-based provider of staffing and direct hire solutions with a focus on compliance, legal, IT, finance, and HR

Private Equity Investors Company  Amount Description
SoftBank Group Bear Robotics $32M Redwood City, CA-based developer of food-delivery robots
SoftBank Group, Canaan Partners, NEA, Khosla Ventures Berkshire Grey $263M Lexington, MA-based developer of pick-and-place robots for commerce
T. Rowe Price, Viking Global Color $75M Burlingame, CA-based maker of at-home genetic testing kits
Norwest Venture Partners, Insight Partners, Norwest Partners FloQast $40M Los Angeles, CA-based provider of software for accountants
Arboretum Ventures, Venture Investors, Capital Midwest Fund, OSF HealthCare Health Scholars $17M Westminster, CO-based provider of VR simulations for clinical healthcare training
SoftBank Group, Norwest Venture Partners, Temasek, Richard Branson, Bill Gates, Threshold Ventures, Cargill, Tyson Foods, Finistere, Future Ventures, Kimbal Musk, Fifty Years, CPT Capital Memphis Meats $161M Berkeley, CA-based developer of cell-based meats
Emergence Capital, Ridge Ventures, 11.2 Capital, First Round Capital, Homebrew, Susa Ventures, SV Angel Outlier $22.1M Oakland, CA-based provider of automated business analytics
WestBridge Capital, AllianceBernstein, AXA Venture Partners, Sierra Ventures, Omidyar Technology Ventures, Sigma Prime, Karlani Capital Phenom People $30M Philadelphia, PA-based talent experience management platform
Five Elms Capital, Join Capital Proxyclick $15M New York, NY cloud-based visitor management platform
Inovia Capital, Blumberg Capital, FJ Labs Shyft $15M San Francisco, CA-based corporate relocation marketplace
SoftBank Group, DCM, Innovation Endeavors, Moore Strategic Ventures Skylo $103M San Mateo, CA-based network that connects any machine or sensor via satellites
Calibrate Ventures, Material Impact, Fanuc Corp., Honeywell, Hyperplane, Scale, Tekfen Ventures, Yamaha Soft Robotics $23M Bedford, MA-based robotics startup
BMW i Venture Software Motor Co. $25M Sunnyvale, CA-based provider of optical motor systems
Airbus, Catapult Ventures, Lauder Partners, John Doerr, Byers family SpinLaunch $35M Sunnyvale, CA-based developer of rocket-less satellite launch systems
Insight Partners, Goldman Sachs, Accel, Bain Capital Ventures Sysdig $70M San Francisco-based dev-ops platform
Andreessen Horowitz, M12, GGV Capital, Workday Ventures WorkBoard $30M Redwood City, CA-based provider of goal-setting SaaS

January 23rd, 2020|Scherzer Deal Report|

The Scherzer Deal Report: Jan 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.

Manage your Scherzer International subscription(s).

PE and VC Firms Fundraising Location Amount Description
Lexington Partners New York, NY $14B Ninth fund
Define Ventures San Francisco, CA $87M Debut fund
HarbourVest Partners Boston, MA 2.61B Eleventh US fund-of-funds
Hollyport Capital London, UK $1B Seventh private equity secondaries fund
KKR  New York, NY $2.2B Second tech growth equity fun
Manulife Investment Management Boston, MA $1.5B First Private Equity fund of funds
Pathway Capital Management   $1B Third private credit fund
Siguler Guff New York, NY $1.6B Fourth fund
The Blackstone Group New York, NY $3.4B Life Science fund

Private Equity Investors Company Amount Description
AFV Partners Aircraft Performance Group Undisclosed Castle Rock, CO-based provider of flight operations software to business and charter aviators
Goldman Sachs Aptos Undisclosed Atlanta, GA-based provider of retail industry software
Denham Capital  Ceiba Energy $250M Developer and owner of power generation assets in Latin America
MiddleGround Capital  EDSCO Fasteners Undisclosed Denton, TX-based maker of anchoring systems for power transmission poles and other large steel structures
KPS Capital Partners IKG $85M Channelview, TX-based manufacturer of steel and aluminum bar grating
One Rock Capital Partners Innophos $932M Cranbury, NJ-based food additives maker
Freeman Spogli & Co. Kamps Undisclosed Grand Rapids, MI-based pallet management service provider
TPG Sixth Street Partners Medsphere Systems $40M Carlsbad, CA-based provider of healthcare IT software
Harvest Partners MRI Software Undisclosed Solon, OH-based provider of real estate management software
May River Capital NSL Analytical Services Undisclosed Cleveland, OH-based materials testing lab
Visa Plaid $5.3B San Francisco, IL-based provider of analytics software for accessing transaction data
Gemspring Capital  Skyline Displays Undisclosed St. Paul, MN-based provider of trade show displays
Arcapita  Waste Harmonics Undisclosed Victor, NY-based provider of waste management solutions

Private Equity Investors
Insight Partners 6sense $40M San Francisco, CA-based predictive intelligence platform for marketing and sales
March Capital Partners, Cisco Ventures, Sequoia Capital, Andreessen Horowitz, FirstMark Capital ActionIQ $32M New York-based customer data platform
Cigna Ventures Arcadia $29.5M Burlington, MA-based developer of population health management software
Cox Enterprises, Drive Capital, Heritage Group, Hearst Ventures, NCT Ventures Aver $27M Columbus, OH-based provider of bundled healthcare payment solutions
Qatar Investment Authority, Temasek, Calridge, Green Monday Ventures Califia Farms $225M Los Angeles, CA-based almond and oat milk producer
Adjuvant Capital, Euclidean Capital, Topspin Partners Codagenix $20M Farmingdale, NY-based developer of prophylactic vaccines and oncolytic virus therapies
Declaration Partners, Maverick Ventures, AllianceBernstein PCI, SymphonyAI Group Concerto HealthAI $150M Boston, MA-based provider of data and “enterprise AI tech” for precision oncolog
Insight Partners, Prism Ventures Covera Health $23.5M New York-based radiology diagnostics startup
AnGes, OrbiMed and Takeda Ventures Emendo Biotherapeutics $61M New York-based gene editing company
GV, Arch Venture Partners, Andreessen Horowitz, Casdin Capital, Section 32, Nextech, and Arboretum Ventures EQRx $200M Cambridge, MA-based developer of drug equivalars
L Catterton FlashParking $60M Austin, TX-based parking tech startup
Stray Dog Capital, Rocana Ventures, Almanac Investments, CPT Capital, New Crop Capital, Greenleaf Foods, 301 INC Gathered Foods $32M New York-based maker of plant-based seafood products
Grey Sky Venture Partners, Khosla Ventures, Northpond Ventures, Think.Health Ventures Inflammatix $32M Burlingame, CA-based developer of point-of-care infection diagnostics
MTech Capital, Viola FinTech, MassMutual, Nationwide Insurify $23M Cambridge, MA-based online insurer
Northpond Ventures IsoPlexis $20M Branford, CT-based developer of single-cell functional proteomics
Toyota, Baillie Gifford, Global Oryx, SPARX Group, Intel Capital, Capricorn Investment Group, JetBlue Technology Ventures, AME Cloud Ventures Joby Aviation $590M Santa Cruz, CA-based developer of electric air taxis
Brentwood Associates KeyMe $35M New York-based developer of key duplication kiosks
Gilead Sciences, Vida Ventures, Westlake Village BioPartners Kyverna $25M Berkeley, CA-based developer of cell therapies for serious autoimmune diseases
Bessemer Venture Partners, Threshold Ventures, Redpoint Ventures, Uncork Capital, Vertex Ventures, Bloomberg Beta LaunchDarkly $54M Oakland, CA-based feature management platform for software developers
Turning Rock Partners Next Level Aviation $15M Sunrise, CA-based supplier of spare parts for commercial aircraft
Fortress Investment Group, Columbia Capital, Future Fund, Telcom Ventures, Goldman Sachs, NEA, Oak Investment Partners NextNav $120M Sunnyvale, CA-based developer of a non-GPS indoor positioning system
Madrone Capital Partners, Arch Venture Partners, Decheng Capital, Domain Associates, Biomatics Capital Partners, Altitude Life Sciences Ventures, Nan Fung Life Sciences Omniome $60M San Diego, CA-based DNA sequencing platform
Vida Ventures, AbbVie Ventures, Foresite Capital, Canaan Partners PACT Pharma $75M San Francisco, CA-based developer of personalized adoptive T cell therapies
Updata Partners, Equity Venture Partners Practifi $16.3M Chicago, IL-based business management platform for financial advisors
Pavilion Capital, Decheng Capital, Hansjörg Wyss ReadCoor $27M Cambridge, MA-based multi-omic spatial sequencing platform
TIO Bioventures Treadwell Therapeutics $27M New York-based oncology pharma startup
Georgian Partners, Kleiner Perkins, M12, OurCrowd, Seven Peaks Ventures Trusona $20M Scottsdale, AZ-based multi-factor authentication startup
Alta Partners, RA Capital Management, Boxer Capital, Canaan Partners Tyra Biosciences $50M Carlsbad, CA-based developer of therapies targeted at drug-resistant cancer cells
Caffeinated Capital, Venrock, Obvious Ventures, Creandum, Playground Global, SciFi VC Virta Health $93M San Francisco, CA-based biotech that aims to reverse Type 2 diabetes,
Iconiq Capital, Tiger Global, Accel, Founders Fund, NGP Capital, Newfund Capital, Qualcomm Ventures Zinier $90M San Francisco, CA-based field service automation startup
Vertical Venture Partners, Health Velocity Capital, Healthworx, Horizon Healthcare Services Zipari $22.5M Brooklyn, NY-based customer experience platform for health insurance

January 16th, 2020|Scherzer Deal Report|