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
Archetype
$100M
Third fund
Macquarie Asset Management
$3B
First dedicated energy transition fund
Razor’s Edge
$560M
Fourth fund
Ridgemont Equity Partners
$3.975B
Fifth fund
Sanofi Ventures
$625M
New fund
Touring Capital
$330M
Debut fund
Private Equity Deals
Shore Capital Partners
Comfort Temp
Undisclosed amount
Gainesville, FL-based provider of commercial and residential HVAC, refrigeration, and plumbing services
Emerald Lake
Core Transformers
Undisclosed amount
Seneca, SC-based provider of new and reconditioned transformers
Lion Equity Partners
Custom Tube Products
Undisclosed amount
Edgewater, FL-based maker of metal tubing assemblies and parts
Novacap
Integral Ad Science
Undisclosed amount
New York, NY-based media measurement firm
Goldman Sachs Infrastructure Fund
Liquid Environmental Solutions
Undisclosed amount
Austin, TX-based nonhazardous liquid waste management firm
Stone Point Capital and CPP Investments
OneDigital
Undisclosed amount
Atlanta, GA-based insurance brokerage and workforce consultant
Patient Square Capital
Premier
Undisclosed amount
Charlotte, NC-based health-care performance improvement firm
Thoma Bravo
PROS Holdings
Undisclosed amount
Houston, TX-based provider of revenue management software to airlines
Salt Creek Capital and HCAP Partners
Real Diagnostics
Undisclosed amount
Reisterstown, MD-based microbiology and molecular diagnostics lab for physician offices and clinics
Tamarix Equity Partners
Royal Oak Recycling
Undisclosed amount
Detroit, MI-based provider of commercial recycling services
RA Capital Management, Forbion, OrbiMed, RiverVest, and USVP
Sparrow Pharmaceuticals
Undisclosed amount
Portland, OR-based developer of cardiometabolic drugs
BellTower Partners
United Soccer League
Undisclosed amount
North America’s largest and fastest-growing professional soccer organization
Venture Capital Deals
Riverwood Capital
AppZen
$180M
San Jose, CA-based automated enterprise finance compliance tool
Qiming Venture Partners, HanKang Capital, CDH Investments, YuanBio Venture Capital, Sherpa Capital, and Genesis Capital
Ausperbio
$63M
San Francisco, CA-based biotech focused on chronic hepatitis
Bessemer Venture Partners, Lakestar, Mosaic Ventures, Costanoa Ventures, and DoD
Auterion
$130M
Arlington, VA-based provider of software for military drones
OrbiMed, SR One, Longwood Fund, Foresite Capital, Lilly Asia Ventures, Surveyor Capital, NEA, Deep Track Capital, Sofinnova Investments, Sands Capital, Ince Capital, TF Capital, Delos Capital, and Quan Capital
Avenzo Therapeutics
$60M
San Diego, CA-based oncology biotech
Earlybird Venture Capital, Santé Ventures, Deerfield Management, CD Capital, and KOFA Healthcare
Axon Therapies
$32M
New York, NY-based medical device maker focused on heart failure
Lightspeed, NEA, and Refract
Brale
$30M
Des Moines, IA-based stablecoin issuer
Spark Capital, Activant Capital, Industry Ventures, and Pear VC
Cardless
$60M
San Francisco, CA-based branded credit card platform
Star Mountain Capital
Caregility
$25M
Wall, NJ-based global digital health leader providing a Connected Care Platform and AI-powered solutions to connect patients and clinicians through secure audio and video communication
Primary Venture Partners, ParaFi Capital, Stripe, Coinbase Ventures, Solana Ventures, Samsung Next, and Polygon Labs
Circuit & Chisel
$19.2M
Fairfiield, CT-based agentic commerce platform
Healthier Capital and Blue Venture Fund
Daymark Health
$20M
Philadelphia, PA-based cancer care company
G2A Investment Partners, Venture 53, and Tech Square Ventures
DEXA
$15M
Dayton, OH-based autonomous drone delivery startup
Khosla Ventures, Lightspeed, Coatue, Dell Technologies Capital, and DST Global
Distyl AI
$175M
San Francisco, CA-based startup that helps integrate AI into core biz workflows
JMI Equity
EdSights
$80M
New York, NY-based student voice platform
Lightspeed, YC, Together, and Prosus
Emergent
$23M
San Francisco, CA-based vibe coding platform for small businesses
Fidelity Management & Research Company, Maverick Silicon, CapitalG, Atreides Management, Socratic Partners, Walden Catalyst Ventures, Knollwood, and the Abu Dhabi Investment Authority
Empower Semiconductor
$140M
San Jose, CA-based processor maker
Gilead, 5AM Ventures, Catalio Capital Management, Cormorant, Delos Capital, F-Prime, Gates Foundation, Hanwha Impact Partners, Mirae Asset Financial Group, QIA, RTW, Solasta Ventures, SymBiosis and Viking Global Investors
Ensoma
$53M
Boston, MA-based in vivo hematopoietic stem cell engineering company
NEA, Sequoia Capital, Nvidia, and JPMorgan
Factory
$50M
San Francisco, CA-based software development platform
Salesforce Ventures, Battery Ventures, Left Lane Capital, and M-Fund
Fetcherr
$42M
New York, NY-based pricing engine for airlines
Insight Partners, Accel, Halo Fund, Meritech, Stepstone, Run Ventures, and Album Ventures
Filevine
$400M
Salt Lake City, UT-based legal intelligence startup
Benchmark
Greptile
$25M
San Francisco, CA-based code review platform
Insight Partners, Avenir, Primary Venture Partners, Scale Venture Partners, Story Ventures, Third Prime, and Studio VC
Inspiren
$100M
New York, NY-based senior living tech startup
The General Partnership, Wisdom Ventures, Blitzscaling Ventures, Westbound Equity Partners, and Mosaic Ventures
Manas AI
$26M
New York, NY-based drug discovery and development startup
Paladin Capital Group, Khosla Ventures, LGVP, and Entrepreneur First
Mimica
$26.2M
New York, NY-based process intelligence startup
Mayfield and Nexus Venture Partners
Obot AI
$35M
Cupertino, CA-based open-source enterprise AI gateway
Brightmind Partners, Sequoia Capital, and Insight Partners
Prelude Security
$16M
New York, NY-based endpoint protection platform
Valtruis and Intermountain Ventures
Sevaro Health
$39M
East Brunswick, NJ-based provider of virtual neurology services
RA Capital Management, Forbion, OrbiMed, RiverVest, and USVP
Sparrow Pharmaceuticals
$95M
Portland, OR-based developer of cardiometabolic drugs
Yves Behar, Marc Tarpenning, To VC, E12 Ventures, Neo, Marc Benioff, Uncorrelated Ventures, Nova Threshold, and MCJ
Telo Trucks
$20M
San Carlos, CA-based tiny electric truckmaker
CVS Health Ventures, Foresite Capital, a16z, Concord Health Partners, Town Hall Ventures, and AlleyCorp
Thyme Care
$97M
Nashville, TN-based cancer care company
Founders Fund, Field Ventures, and Lux Capital
Until Labs
$58M
San Francisco, CA-based developer of cryopreservation for organs
Bessemer Venture Partners
Valence
$50M
New York, NY-based enterprise AI coach
Sapphire Ventures, Left Lane Capital, Base10, and Cross Creek Capital
WeTravel
$92M
San Francisco, CA-based provider of travel payments software
Interactive Brokers, Morgan Stanley, Apollo, SoFi, Jump Crypto, Northwestern Mutual Future Ventures, and Liberty City Ventures
Zero Hash
$104M
Chicago, IL-based digital assets infrastructure provider