Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.
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Fundraising for PE & VC Funds
Deerpath Capital Management
$3.5B
Seventh private credit fund
Dragoneer
$4.3B
Seventh venture capital fund
Encore Consumer Capital
$150M
Single-asset continuation fund
JPMorgan Asset Management
$1.44B
Twelfth fund
Lightspeed Venture Partners
$9B+
New funds
S3 Ventures
$250M
Eighth fun
Private Equity Deals
McNally Capital
Airforce Turbine Service
Undisclosed amount
Tynan, TX-based aviation MRO focused on PT6A turboprop engines
Vitruvian Partners
Aquabyte
Undisclosed amount
San Francisco, CA-based aquaculture company
Snapdragon Capital Partners
Better Being
Undisclosed amount
Salt Lake City, UT-based maker of dietary supplements
Permira, Warburg Pincus, Francisco Partners, and Temasek
Clearwater Analytics
$8.4B
Boise, ID-based investment and accounting software maker
Broadwing Capital
CloudScale365
Undisclosed amount
Newark, DE-based provider of IT managed services for SMB
TPG
Conservice
Undisclosed amount
River Heights, UT-based utility management platform for the property management industry
SharpVue Capital, NewSpring Capital, BPEA Private Equity, North Haven Capital, and Bluwave Capital
Curalta Foot & Ankle
Undisclosed amount
Rochelle Park, NJ-based food and ankle company
Vista Equity Partners
DentiraUndisclosed amount
San Francisco, CA-based procurement and spend management platform for dental practices and multi-site healthcare operators
Charlesbank Capital Partners
Hbox
Undisclosed amount
Southfield, MI-based virtual care platform for specialty practices
Invictus Growth Partners
Informed IQ
Undisclosed amount
San Francisco, CA-based loan verification and fraud prevention company
Bertram Capital
Left Lane Auto
Undisclosed amount
Champaign, IL-based tire retail and automotive-service platform
Revelar Capital
Letterman’s Energy
Undisclosed amount
Overland Park, KS-based propane distributor
Godspeed Capital
NextPoint Group
Undisclosed amount
Herndon, VA-based provider of technology for the intelligence and defense communities
RFE Investment Partners and Mansfield Investment Partners
NuView
Undisclosed amount
Portsmouth, NH-based managed IT and cybersecurity platform
TA Associates
PairSoft
Undisclosed amount
Miami, FL-based provider of procure-to-pay automation and payment solutions
HCAP Partners
Puzzle Healthcare
Undisclosed amount
Detroit, MI-based post-acute care coordination platform
StoneTree Investment Partners
Reel Power International
Undisclosed amount
Oklahoma City, OK-based provider of engineered winding, spooling, and material-handling equipment
Bain Capital and Mubadala
Service Logic
Undisclosed amount
Charlotte, NC-based provider of commercial HVAC services
Levine Leichtman Capital Partners
USA Industries
Undisclosed amount
Houston, TX-based provider of manufacturer of industrial flow control and testing products
Jordan Partners
Vanguard Claims Administration
Undisclosed amount
Woodbury, NJ-based third-party administration and independent adjusting platform for property and casualty insurance
Copley Equity Partners
Vital Delivery Solutions
Undisclosed amount
Williston, VT-based provider of health care logistics and courier services
Rock Hill Capital and True West Capital Partners
Weathermatic
Undisclosed amount
Garland, TX-based provider of smart irrigation tech
I Squared Capital
Zenith Energy Terminal
Undisclosed amount
Portland, OR-based terminal for renewable diesel and sustainable aviation fuels
Venture Capital Deals
Bain Capital Ventures, NVentures, OpenAI Startup Fund, a16z, Abstract Ventures, Capital One Ventures, and Citi Ventures
Adaptive Security
$81M
New York, NY-based cybersecurity startup focused on deepfake and phishing attacks
SR One, Pivotal Life Sciences, Abingworth, Osage University Partners, the Gates Foundation, and BEVC
Addition Therapeutics
$100M
San Francisco, CA-based genomic medicine company
Luma Group, CTI Life Sciences Fund, Foresite Capital, SymBiosis, TSC Alliance Endowment Fund, Wilson Sonsini, Apollo Health Ventures, Hevolution, Sofinnova Investments, and venBio
Aeovian Pharmaceuticals
$55M
Berkeley, CA-based biotech focused on cellular metabolic quality control
QCA Investment Group, Angel Physicians Fund, and Serial Stage Venture Partners
Alphyn Biologics
$25M
Annapolis, MD-based dermatology biotech
Nextech Invest, The Column Group, Lux Capital, and Regeneron Ventures
Atavistik Bio
$120M
Cambridge, MA-based blood cancer biotech
Oak HC/FT, General Catalyst, Thrive Capital, OpenAI, Dimension, Menlo Ventures, Lachy Groom, Yosemite, Neo, SV Angel, Emerson Collective, and Glade Brook
Chai Discovery
$130M
San Francisco, CA-based developer of AI-designed molecules
CVS Health Ventures, Echo Health Ventures, Sands Capital Management, and 450 Ventures
Codoxo
$35M
Duluth, GA-based health payment integrity startup
Triatomic Capital, Spark Capital, Pillar VC, Susa Ventures, Striker Venture Partners, Hawktail VC, and Olive VC
Edison Scientific
$70M
San Francisco, CA-based developer of “AI scientists” for research
O’Neil Strategic Capital, NSFO, Tanas Capital, and Z21 Ventures
HEN Technologies
$20M
Hayward, CA-based fire suppression tech startup
Sands Capital, Braidwell, Redmile, Perceptive, and Alger
Impulse Dynamics
$158M
Marlton, NJ-based medical devices startup focused on heart failure
Avenir, Linse Capital, Hearst Ventures, Lightbank, Matter Venture Partners, and Sozo Ventures
Kargo
$42M
San Francisco, CA-based warehouse inventory tech startup
Astera Institute, JAM Fund, Gigafund, The Haskell Company, AE Ventures, Ultranative, Galaxy Interactive, and Woori Technology Co.
Last Energy
$100M
Austin, TX-based developer of micro-nuclear reactors
Johnson & Johnson, Samsara BioCapital, Sheatree Capital, and Wing Venture Capital
Link Cell Therapies
$60M
South San Francisco, CA-based oncology cell therapy startup
Springcoast Partners, Upfront Ventures, and JVP
Nanit
$50M
New York, NY-based baby monitor developer
Spectrum Moonshot Fund
Neurable
$35M
Boston-based developer of brain-computer interface AI
Valor Equity Partners, Lightspeed, and General Catalyst
Nirvana Insurance
$100M
San Francisco, CA-based trucking industry insurtech
Valar Ventures, Upper90, Huntington National Bank, Camping World, and Holler-Classic Family
Octane
$100M
New York, NY-based recreational vehicle financing platform
Ares Management
Steward Partners
$475M
New York, NY-based wealth advisor
Hildred, Montreux Growth Partners, Toba Capital, Transformation Capital, and HLM Venture Partners
Tebra
$250M
Corona Del Mar, CA-based EHR platform
A16z, Bessemer Venture Partners, Long Journey Ventures, BoxGroup, and Trust Ventures
Truemed
$34M
Austin, TX-based HSA/FSA marketplace for preventive health products
Interlagos, General Catalyst, Generational Partners, Cantos, Space VC, and Also Capital
Vital Lyfe
$24M
Hawthorne, CA-based developer of portable water desalination