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
Bansk Group
$1.45B
Second consumer-focused PE fund
Coller Capital
$17B
Ninth flagship PE secondaries fund
New Mountain Capital
$1.2B
Second non-control PE fund
Onex Partners
$1.6B
Continuation fund
SEMCAP Food & Nutrition
$125M
Debut fund
Superorganism
$26M
Debut fund
Private Equity Deals
Bain Capital Double Impact
American College of Education
Undisclosed amount
Indianapolis, IN-based online private college
One Rock Capital Partners
American Furniture Rentals
Undisclosed amount
Pennsauken, NJ-based furniture rental business
Lime Rock Partners
Athena Energy Partners
Undisclosed amount
Houston, TX-based oil and gas firm focused on assets in South Texas
WindRose Health Investors
Avalon Healthcare Solutions
Undisclosed amount
Tampa, FL-based lab benefit management platform
WindRose Health Investors
Avalon Healthcare Solutions
Undisclosed amountT
ampa, FL-based provider of diagnostic intelligence for payors
Sole Source Capital
Brite
Undisclosed amount
Victor, NY-based cybersecurity and managed services provider
Pamlico Capital Calc
Focus
Undisclosed amount
Philadelphia, PA-based provider of policy administration and illustration solutions to insurers
315 Capital
Coating Place
Undisclosed amount
Verona, WI-based CDMO
Butterfly Equity
ePac
Undisclosed amount
Austin, TX-based provider of digitally printed flexible packaging
Wind Point Partners
Hiller
Undisclosed amount
Mobile, AL-based provider of fire and life safety services
Sheridan Capital Partners
ICANotes
Undisclosed amount
Annapolis, MD-based provider of practice management and EHR software
Warburg Pincusmy
Kaarma
Undisclosed amount
Long Beach, CA-based provider of service lane solutions for auto dealers
Leonard Green
NEFCO
Undisclosed amount
Hartford, CT-based distributor of specialty construction products
Platinum Equity
Norton Packaging
Undisclosed amount
Hayward, CA-based provider of plastic pails and packaging solutions
Accel-KKR
Nutrislice
Undisclosed amount
Denver, CO-based provider of digital dining solutions for non-commercial foodservice
Lead Capital Partners
PedsOne
Undisclosed amount
Winooski, VT-based provider of RCM solutions to pediatric practices
Water Street Healthcare Partners
Pillr Health
Undisclosed amount
Boca Raton, FL-based provider of pharmacy operations software for health-care delivery organizations
Investindustrial
Proveris
Undisclosed amount
Hudson, MA-based provider of spray and aerosol testing instrumentation, software and laboratory solutions for pharma
Neuberger Berman
Ryan
Undisclosed amount
Dallas, TX-based tax advisory and software provider
TruArc Partners
Schill Grounds Management
Undisclosed amount
Cleveland, OH-based commercial landscaper
Turn/River
Starlims
Undisclosed amount
Hollywood, FL-based lab informatics company
Five Arrows and Vista Equity Partners
StarRez
Undisclosed amount
Greenwood Village, CO-based student housing software firm
MPearlRock
The Good Crisp Company
Undisclosed amount
Boulder, CO-based snack company
Platinum Equity
Tongrun International
Undisclosed amount
Bonham, TX-based sheet-metal contract manufacturer
Tailwind Capital
Valor Fleet
Undisclosed amount
Leesburg, VA-based provider of towing and related roadside services
J.F. Lehman
Wellman Dynamics
Undisclosed amount
Creston, IA-based provider of magnesium and aluminum sand castings for aerospace and defense applications
Venture Capital Deals
Lightspeed
Orca Bio
$250M
Menlo Park, CA-based developer of cancer cell therapies
Johnson Controls and Legrand
Accelsius
$65M
Austin, TX-based provider of direct-to-chip liquid cooling solutions
Drive Capital, Citadel Securities, Opera Tech Ventures, MUFG Innovation Partners, Flat Capital, DRW Venture Capital, Kraken, Altered Capital, X&KSK, Bank Muscat, and Endeavor Catalyst
Alpaca
$150M
San Mateo, CA-based stock-trading API
Dragoneer, Bessemer Venture Partners, GIC, Index Ventures, Khosla Ventures, Lightspeed, T. Rowe Price, and WCM Investment Management
ClickHouse
$400M
Palo Alto, CA-based database startup
Bessemer Venture Partners. TLV Partners, and Vintage Investment Partners
Converge Bio
$25M
Wilmington, DE-based biotech AI platform
YC, Kindred Ventures, Contrary, Oliver Jung, SV Angel, and Phosphor Capital
Corgi
$108M
San Francisco, CA-based provider of commercial insurance to startups
Alkeon, In-Q-Tel, Madrona, Tiger, Wing, YC, BlackRock, Alumni Ventures, Princeville Capital, Twilio, ServiceNow Ventures, SAP, Citi Ventures, University of Michigan, and Columbia University
Deepgram
$1.3B
San Francisco, CA-based speech-to-text platform
Bain Capital, Ansa Capital, Sapphire Ventures, Valor Equity Partners, AVP, Uncorrelated Ventures, and David Petraeus
Defense Unicorns
$136M
Colorado Springs, CO-based provider of airgap software delivery for national security mission systems
Accel, Alt Capital, BoxGroup, Liquid 2 Ventures, Mantis VC, and SV Angel
Depthfirst
$40M
San Francisco, CA-based AI security startup
Stripes, Peter Thiel, Positive Sum, and Ribbit Capital
Etched
$500M
Cupertino, CA-based AI chipmaker
Next Coast Ventures and Ridge Ventures
Flip
$20M
New York, NY-based customer service automation startup
Mucker Capital, BCI, Northzone, and YC
GovDash
$30M
New York, NY-based provider of government contracting software
Accel, GFT Ventures, and Menlo Ventures
Higgsfield
$80M
San Francisco, CA-based AI video generation startup
HLM Investment Partners, Escalate Capital Partners, and RVM Enterprises
HPS/PayMedix
$16M
Milwaukee, WI-based health care financing company
Hartree Partners, Subutai Capital Partners, Space 4 Earth, Truffle Capital, Luxembourg Future Fund, OTB Ventures, Blue Bear Capital, Statkraft Ventures, Cultivation Capital, and Santa Barbara Venture Partners
Hydrosat
$60M
Washington, DC-based thermal imagery startup
B Capital, United Airlines Ventures, Northrop Grumman, 3M Ventures, and RTX Ventures
JetZero
$175M
Long Beach, CA-based developer of blended-wing aircraft
Bison Ventures, Eli Lilly, Jefferson Life Sciences, Mubadala Capital, and Manta Ray
Juvena Therapeutics
$33.5M
Redwood City, CA-based developer of a muscle-regenerating biologic
Ribbit Capital, Evantic, Sequoia Capital, Conviction, and Pear VC
Listen Labs
$69M
San Francisco, CA-based autonomous user interview tool
T. Rowe Price, Adage Capital Partners, Fidelity, Arch Venture Partners, OrbiMed, Fairmount, Point72, Farallon Capital Management, Boxer Capital, TCGX, Invus, Logos Capital, Moore Strategic Ventures, Blue Owl Healthcare Opportunities, Woodline Partners, and Venrock
Mirador Therapeutics
$250M
San Diego, CA-based developer of precision medicines for inflammatory and fibrotic diseases
Battery Ventures, Sapphire Ventures, Salesforce Ventures, General Catalyst, and Insight Partners
Onebrief
$200M
Honolulu, HI-based defense software company
Beenext Capital Management, Uncork Capital, Pear VC, Volta, Gentree, Wanxiang America, Pivotal, and Silicon Catalyst Ventures
Quadric
$30M
Burlingame, CA-based developer of AI edge chips
SoftBank, NVentures, Macquarie Capital, Bezos Expeditions, Disruptive, 1789 Capital. Lightspeed, Felicis, Coatue, Sequoia Capital, Samsung, LG, Schneider, CommonSpirit, Salesforce Ventures, TF Capital, Andra Capital, Palo Alto Growth Capital, KIC, Alpha Square, Mirae Asset, and Destiny
SkildAI
$1.4B
Pittsburgh, PA-based developer of robot brains
Lightsmith Group, Sageview Capital, World Innovation Lab, AVP, and Supply Chain Ventures
Tive
$20M
Boston, MA-based provider of supply chain and logistics visibility tech
Merlin Ventures, Evolution Equity Partners, Notable Capital, Bessemer Venture Partners, Insight Ventures Partners, and Greenfield Partners
Torq
$140M
Portland, OR-based no-code automation platform for security teams
Mitsubishi Electric
Tulip
$120M
Boston, MA-based provider of factory automation software
Pfizer Ventures, Apricot Capital, Bayland Capital, HongShan Capital Group, Northern Light Venture Capital, and First Principle Venture
Vibrant Therapeutics
$61M
Cambridge, MA-based developer of masked T-cell engagers for solid tumors
Cedars-Sinai Health System, Intermountain Health, University of Utah Hospital System, Temple University/Fox Chase Cancer Center, Tampa General Hospital, Khosla Ventures, and Bold Brain Capital
Vista AI
$29.5M
Palo Alto, CA-based provider of MRI scanning software
L2 Point Management, Pure Storage, and Fidelity
Wasabi
$70M
Boston, MA-based cloud storage company
Sequoia Capital, Khosla Ventures, 8VC, and Crystal Venture Partners
WithCoverage
$42M
New York, NY-based startup that replaces insurance brokers with a flat-fee risk management model