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
Ares Management
$5.3B
Third infrastructure secondaries fund
Ascenta Capital
$325M
Debut fund
Bain Capital
$14B
14th flagship PE fund
Brookfield
$20B
Second global energy transition fund
Carnelian Energy Capital Management
$600M
Canada focused fund
Crystal Venture Partners
$33M
Debut fund
Ecosystem Investment Partners
$400M
Fifth fund
Energy Impact Partners
$1.4B
Third flagship fund
Manulife Investment Management
$5.5B
Third infrastructure fund
Origin Ventures
$140M
Sixth fund
Simha Partners
$45M
Debut fund
Sugar Free Capital
$32M
Debut fund
TCG Crossover
$1.3B
Third fund
Private Equity Deals
Avance Investment Management
Barchemy
Undisclosed amount
Donora, PA-based maker of better-for-you chocolate and confectionery ingredients
Nautic Partners
Cenavera Nutrition
Undisclosed amount
Scottsdale, AZ-based food service provider for K-12 schools
Clearlake Capital Partners
Constant Contact
Undisclosed amount
Waltham, MA-based digital marketing and automation platform
Mainsail Partners
Flyntlok
Undisclosed amount
Juneau, AK-based heavy equipment dealer management system
GenNx360
Heartland Business Systems
Undisclosed amount
Little Chute, WI-based provider of IT services for commercial and public sector clients
Advent International and Corvex Private Equity
Heidrick & Struggles
Undisclosed amount
Chicago, IL-based executive search firm
Shofner Capital Partners
PtEverywhere
Undisclosed amount
Cary, NC-based practice management platform for cash-pay physical therapy clinics
TZP Group
True Lacrosse
Undisclosed amount
Lombard, IL-based youth lacrosse organization
Mountaingate Capital
Walker Sands
Undisclosed amount
Chicago, IL-based corporate communications firm
Venture Capital Deals
Avalon BioVentures, Correlation Ventures, and Alexandria Venture Investments
AeroRx Therapeutics
$21M
La Jolla, CA-based biotech focused on chronic respiratory diseases
NEA, Eli Lilly, Alexandria Venture Investments, Atlas Venture, Avidity Partners, F-Prime, GV, Mass General Brigham Ventures, and Perceptive Advisors
Affinia Therapeutics
$40M
Waltham, MA-based gene therapy startup focused on cardiovascular and neurological diseases
Prime Eight Capital, CR Biotech, HighLight Capital, HM Venture Partners, and ReliantTech
Arthrosi Therapeutics
$153M
San Diego, CA-based company treating gout and tophaceous gout patients
Addition, Trust Ventures, Valor Equity Partners, Thrive Capital, Lightspeed, Andreessen Horowitz, Altimeter, StepStone, Elad Gil, 137 Ventures, Terrain, Waybury, Ribbit, CapitalG, Spark, BOND, Lowercarbon, Avenir, Glade Brook, Positive Sum, and 1789
Base Power
$1B
Austin, TX-based home power backup company
Pantera Capital,LDA Capital, Borderless Capital, and Ajna Capital
Bee Maps
$32M
San Francisco, CA-based decentralized mapping startup
Pantera Capital, Coinbase Ventures, Reciprocal Ventures, and Jump Capital
Coinflow
$25M
Chicago, IL-based stablecoin payments startup
Bain Capital Ventures, Index, Elad Gil, Sequoia, Cooley LLP, and Patrick Collison
Crosby
$20M
New York, NY-based AI law firm
FTV Capital and Forerunner Ventures
Duos
$130M
Minneapolis, MN-based senior benefits company
Bessemer Venture Partners, B Capital, SignalFire, Lightspeed, HarbourVest, Adams Street, RELX, and Broadlight Capital
EvenUp
$150M
San Francisco, CA-based provider of AI solutions for personal injury law
A16z, Nexus Venture Partners, and YC
FurtherAI
$25M
San Francisco, CA-based insurance workflow startup
Point72, Goodwater Capital, Headline, Blackbird VC, LG Technology Ventures, and Alumni Ventures
Heidi Health
$65M
New York, NY-based medical scribe
Vinod Khosla, Khosla Ventures. Celesta Capital, Anthology Fund, and Carya Venture Partners
HiOctave
$15M
San Francisco, CA-based SMB customer service agent company
Sonder Capital, Senvest Management, and LB Investment
Jupiter Endovascular
$40M
Menlo Park, CA-based developer of endovascular procedures tech
Sequoia, Andreessen Horowitz, Paradigm, CapitalG, Coinbase Ventures, General Catalyst, and Spark Capital
Kalshi
$300M
New York, NY-based prediction markets
WestRiver Group
Lumen Bioscience
$30M
Seattle, WA-based biologic drugmaker
Haun Ventures, Bain Capital Cryptoled, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Stillmark
Meanwhile
$82M
San Francisco, CA-based Bitcoin life insurer
Pangaea Ventures, PureTerra Ventures, Ecolab, W. L. Gore & Associates, The Lewis Family Office, Safar Partners, Lam Research, Indico Ventures, and Giantleap Capital
Membrion
$20M
Seattle, WA-based industrial wastewater treatment startup
The Column Group, DCVC Bio, Lux Capital, the Gates Foundation, and Alexandria Venture Investments
Nilo Therapeutics
$101M
New York, NY-based immune disease treatment developer
HighPost Capital
Northbeam
$15M
El Segundo, CA-based video marketing tech startup
FPV Ventures, McKesson Ventures, OSE, Black Opal, Tau, and Rogue VC
Oath Surgical
$24M
San Francisco, CA-based outpatient surgery clinic operator
Titanium Ventures, Google, and 2150
OpenSolar
$20M
San Francisco, CA-based provider of solar installer software
Index Ventures, Benchmark, Coatue, and Root Ventures
Quilter
$25M
Los Angeles, CA-based developer of autonomous PCB layout
Jump Capital, Glasswing Ventures, and Accomplice
Realm.Security
$15M
Boston, MA-based data security startup
Nvidia, Lightspeed Venture Partners, and Sequoia Capital
$2B
Brooklyn, NY-based open-source AI model startup
DCVC, Blackbird, KdT Ventures, and Build Collective
Remedy Robotics
$35M
San Francisco, CA-based developer of robotic interventions for stroke and cardiovascular car
PeakSpan Capital
Routefusion
$26.5M
Austin-based embedded cross-border payments startup
Qumra Capital, Zeev Ventures, Insight Partners, Entrée Capital, Flint Capital, and Jibe Ventures
Sensi.AI
$45M
Palo Alto, CA-based caregiver insight platform
Bessemer Venture Partners, Arch Venture Partners, Vida Ventures, and Polaris Partners
Soufflé Therapeutics
$200M
Newton, MA-based RNA biotech
US Innovative Technology Fund
Stoke Space Technologies
$510M
Kent, WA-based reusable rocket maker
Spark Capital
Tigris
$25M
Sunnyvale, CA-basedprovider of localized data storage centers
Pantera Capital, Lightspeed, Alpha Edison, Motley Fool Ventures, California Innovation Fund, and Tomer London
TransCrypts
$15M
Newark, CA-based blockchain-based digital identity startup
Spice Expeditions, Autotech Ventures, FPV Ventures, Pelion Venture Partners, Mark Cuban, and Clocktower Technology Ventures
Yendo
$50M
Dallas, TX-based vehicle-secured credit card company