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.

Sign up: Get private equity and venture capital deals delivered to your inbox every week!

Fundraising for PE & VC Funds

A* 
$450M
Third fund

Finback Investment Partners
$500M
Second private equity fund

Kalos Ventures
$78.8M
Debut fund

S2G Investments
$1B
Growth fund

Private Equity Deals

SBJ Capital 
3B International
Undisclosed amount
Totowa, NJ-based fragrance developer 

Relevant Solutions
Automation Werx
Undisclosed amount
Idaho Falls, ID-based systems integrator

365 Retail Markets
Cantaloupe
$848M
Malvern, PA-based provider of tech solutions for “unattended commerce” 

Integrated Water Services
Complete Filtration Resources
Undisclosed amount
Marshfield, WI-based provider of industrial wastewater services

Cartridge Technologies
Data Conversion Laboratory
Undisclosed amount
Fresh Meadows, NY-based provider of structured data and content transformation services

Apollo 
Emerald Holding and Questex
Undisclosed amount
New York City, NY-based live events businesses

Goldman Sachs Alternatives
FGI Worldwide
Undisclosed amount
New York City, NY-based provider of working capital financing and trade credit insurance solutions

TA Associates 
Govineer Solutions
Undisclosed amount
Provo, UT-based provider of software and payments solutions for local governments

H.I.G. Capital
International Aerospace Coatings
Undisclosed amount
Irvine, CA-based operator of on-airport hangars

Gallant Capital Partners 
NCCO
Undisclosed amount
St. Paul, MN-based provider of food service labels and consumables

Apollo 
Noble Environmental
Undisclosed amount
Pittsburgh, PA-based waste management company

Sunstone Partners
Peloton Consulting Group
Undisclosed amount
Boston, MA-based Oracle partner focused on “AI-driven transformations”

Lorient Capital 
PeterMD
Undisclosed amount
Vero Beach, FL-based DTC men’s health platform

General Atlantic Power
GEM
Undisclosed amount
Clifton Park, NY-based grid reliability company 

Basalt Infrastructure Partners
Relam
Undisclosed amount
Glenwillow, OH-based lessor of maintenance-of-way and hi-rail equipment

Good Springs Capital 
Snyder Environmental Services
Undisclosed amount
Kearneysville, WV-based provider of environmental and infrastructure services to the water, stormwater, and wastewater markets

Lafayette Instrument
Sutter Instrument
Undisclosed amount
Novato, CA-based maker of tools for cellular research and electrophysiology

Quad-C Management 
Thibaut
Undisclosed amount
Union, NJ-based designer and distributor of wall coverings, fabrics, rugs, and furniture

Seaga Manufacturing
Three Square Market
Undisclosed amount
River Falls, WI-based provider of micromarket convenience retail tech and self-service solutions

Graycliff Partners
Tramont Manufacturing
Undisclosed amount
Milwaukee, WI-based manufacturer of generator enclosures and fuel tanks for backup power applications

Blackstone and Halliburton 
Voltagrid
$1B
Houston, TX-based energy management and generation company

Citation Capital 
World Travel Holdings
Undisclosed amount
Wakefield, MA-based leisure travel company

Boyne Capital
YZY Fragrances
Undisclosed amount
Miami, FL-based fragrance company focused on perfumes, colognes, and body mists

Venture Capital Deals

Define Ventures, SemperVirens, Catalio Capital, and New Health Ventures
9amHealth
$26M
San Diego, CA-based provider of virtual cardiometabolic treatment

Thrive Capital and a16z
Anduril
$5B
Costa Mesa, CA-based defense tech startup

Basis Set Ventures, Cowboy Ventures, PHX Ventures, Zenda Capital, and Victoria Treyger
Basata
$21M
Phoenix, AZ-based health-care admin company

McKesson Ventures, FCA Venture Partners, Sanofi Ventures, and AIX Ventures
BranchLab
$26M
Boulder, CO-based pharma commercialization platform

European Innovation Council, Junson Capital, MedVenture, and New Rhein Healthcare Investors
Butterfly Medical
$21M
Boston, MA-based developer of devices for treating benign prostatic hyperplasia

Accel, a16z, General Catalyst, Sunflower Capital, and Backcountry Ventures
Ciridae
$20M
San Francisco, CA-based AI transformation startup

Index Ventures, Breakthrough Energy Ventures, Construct Capital, IVP, and SAIC
Cowboy Space
$275M
San Carlos, CA-based orbital infrastructure company

Newpath Partners, Arch Venture Partners, and Hatteras Venture Partners
Create Medicines
$122M
Cambridge, MA-based developer of CAR-T therapies

Burnt Island Ventures, AP Ventures, Sony Innovation Fund, Builders Vision, Kibo Invest, Idemitsu Ventures, New York Ventures, Counteract, ANIMO Ventures, Connecticut Innovations, Ponderosa Ventures, and Echo River Capital
Crew Carbon
$25M

Brooklyn, NY-based provider of carbon dioxide removal solutions for wastewater

Left Lane Capital, Curql, and PHX Ventures
Equipifi
$34M
Scottsdale, AZ-based provider of embedded BNPL solutions for banks and credit unions

HarbourVest Partners, Peak XV, Mayfield, Khosla Ventures, and Seligman Ventures
Exaforce
$125M
San Francisco, CA-based agentic cybersecurity startup

SBI Group, Investcorp, and Arz Portföy
Fasset
$51M
Los Angeles, CA-based stablecoin neobank

Thrive Capital, General Catalyst, Accel, Bain Capital Ventures, Redpoint, BoxGroup, and Pear VC
Forus
$160M
New York City, NY-based provider of software for administrative management of prescriptions

Insight Partners, Work-Bench, and Bienville Capital
GovWell
$25M
New York City, NY-based permitting and licensing platform

Sutter Hill Ventures, National Grid Partners, Future Energy Ventures, Emerson Collective, Stanford University, Xora, Aina Ventures, Overture, Acclimate Ventures, and Clearvision Ventures
Gridcare
$64M
Redwood City, CA-based provider of underused energy detection software

CCM Capital Markets, Clear Street, Cobalt Capital, Boardman Bay Capital Management, Meet Perry, Mute Ventures, Soren Ventures, SAIC, JA Green, Outlander VC, Scout VC, B Capital, Lockheed Martin, Taiwania Capital, UP Partners, The Veteran Fund, and Vanderbilt University’s endowment
Havoc
$100M
Providence, RI-based developer of AV software and hardware

Lightspeed, Nova Global, SV Angel, Valor Equity Partners, and Dynamic
Judgment Labs
$32M
San Francisco, CA-based agentic AI software

Kleiner Perkins, Meritech Capital, Redpoint Ventures, SV Angel, Incharge Capital, A* Capital, and Garuda Ventures
Mind Robotics
$400M
Palo Alto, CA-based industrial robotics spinout from Rivian

Benchmark, Founders Fund, and Human Capital
Monaco
$50M
San Francisco, CA-based sales platform

Menlo Ventures, Anthology Fund, True Ventures, GV, and Kinship Ventures
Nectar Social
$30M
Palo Alto, CA-based maker of agents for businesses to manage social presence

Kleiner Perkins and Founders Fund
Roadrunner
$27M
Westlake Village, CA-based CPQ (Configure, Price, Quote) software startup

B Capital, Shield Capital, and Cerberus Ventures
Star Catcher
$65M
Jacksonville, FL-based developer of a power grid in space

Peak XV, M12, Kleiner Perkins, and Bessemer Venture Partners
Vapi
$50M
San Francisco, CA-based AI voice platform

Nava Ventures, SBVP, Forula VC, and I2BF Ventures
Wirestock
$23M
San Jose, CA-based provider of multi-modal data to AI labs