Scherzer Deal Report

The Scherzer Deal Report: June 9-13, 2025

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

BharCap Partners
$652M
Second fund

Bloomberg Beta
$75M
Fifth VC fund

Felicis
$900M
10th VC fund

Geodesic Capital
$250M
VC fund focused on advancing the U.S.-Japan alliance

Seven Stars
$40M
Debut fund

Private Equity Deals

Flexpoint Ford
Elliott Davis
Undisclosed amount
Greenville, SC-based accounting firm

Argosy Private Equity
Heavy Equipment Colleges of America
Undisclosed amount
Las Vegas, NV-based provider of heavy equipment, crane, directional drilling, and HVAC training programs

Madison Dearborn Partners Next
Gen Healthcare
Undisclosed amount
Atlanta, GA-based EHR/EMR company

Heartwood Partners
Norlee
Undisclosed amount
Jacksonville, FL-based provider of electrical and mechanical services

Gemspring Capital Management
Residence
Undisclosed amount
Los Angeles, CA-based creative services provider

SRM Equity Partners
RF Technologies
Undisclosed amount
Brookfield, WI-based provider of safety and security tech.

Cove Hill Partners
Swiftly
Undisclosed amount
Millbrae, CA-based transit data platform

Apollo
T.D. Williamson
Undisclosed amount
Tulsa, OK-based pipeline infrastructure firm

Ridgemont Equity Partners
Unosquare
Undisclosed amount
Portland, OR-based provider of digital engineering solutions

Sixth Street Growth
Wealthbox
Undisclosed amount
Providence, RI-based provider of CRM software for financial advisers

Venture Capital Deals

Scale Venture Partners, Cathay Innovation, YC, Creandum, Kfund, and Atomico
Abacum
$60M
New York, NY-based business financial planning startup

Sound Ventures
Antimetal
$20M
New York, NY-based cloud infrastructure management startup

Valtruis, Cigna Ventures, Tau Ventures, Asset Management Ventures, ATX Venture Partners, and Capital Factory
Autonomize AI
$28M
Austin, TX-based provider of AI agents to health systems

Brighton Park Capital, Insight Partners, F-Prime Capital, Thayer Ventures, YC, and Commerce Ventures
Canary Technologies
$80M
San Francisco, CA-based provider of hotel guest management software

Partech, Boldstart, Tiger Global, and Work-Bench
CloudQuery
$16M
New York, NY-based cloud governance platform

Sam and Max Altman, Pelion, Outlander, SNR, Offline, DeepWater, and Ryan Graves
Coco Robotics
$80M
Los Angeles, CA-based developer of autonomous delivery vehicles

Salesforce, Khosla Ventures, CVS Health Ventures, Mitsui Global Investment, Collier, E12, and AME Cloud Venture
Ellipsis Health
$45M

San Francisco, CA-based provider of patient engagement tools for health systems

VMG Partners, QED Investors, Greylock, Bain Capital Ventures, and Courtside Ventures
Fermàt
$45M
San Francisco, CA-based commerce platform

Wellington Management, Khosla Ventures, Bicycle Capital, Geodesic Capital, Archerman Capital, Altimeter, Capital One Ventures, Citi, Coatue, DST Global, General Catalyst, ICONIQ, IVP, Kleiner Perkins, Latitude Capital, Lightspeed Venture Partners, Sapphire Ventures, and Sequoia Capital
Glean
$150M
Palo Alto, CA-based AI enterprise search startup

ClearSky, Phoenix Financial, Glilot Capital Partners, SentinelOne, Hanaco Ventures, iAngels, GKFF Ventures, and Lumir Ventures
Guardz
$56M
Miami, FL-based cybersecurity startup for MSPs

NEA, SignalFire, Craft Ventures, and 9Yards Capital
Horizon3.ai
$100M
San Francisco, CA-based autonomous security startup

IVP and GV
Laurel
$100M
San Francisco, CA-based AI timekeeping startup

Accel, Seven Seven Six, Designer Fund, Sequoia Capital, and 01A
Linear
$82M
Milpitas, CA-based project management tool

General Catalyst, Baillie Gifford, JPMorgan Chase, Microsoft, Sequoia Capital, WndrCo, and Lachy Groom
Meter
$170M
San Francisco, CA-based networking startup

Sequoia Capital, Lightspeed, Lux Capital, General Catalyst, and Founders Fund
Nominal
$75M
Austin, TX-based industrial software startup

Zigg Capital, Upper90, SAIC, and Lockheed Martin
Nooks
$25M
Crystal City, VA-based provider of secure access to classified facilities

Bank of America, Citi, Goldman Sachs, JPMorgan, Morgan Stanley, Wells Fargo, Moody’s, Barclays, Deutsche Bank, BNP Paribas, Apollo, Motive Partners, MassMutual Ventures, and OMERS Ventures
Octaura
$46.5M
New York, NY-based fintech focused on CLO and syndicated loan trading

8VC, Future Back Ventures, and Bain & Co. 
Outset
$17M
San Francisco, CA-based AI for market research interviews

Insight Partners
Pactum
$54M
Mountain View, CA-based enterprise procurement platform

Stripe, YC, GV, and Formus Capital
PostHog
$70M
San Francisco, CA-based product analytics platform

Menlo Ventures, MassMutual Ventures, Nuveen Real Estate, Multiplier Capital, Munich Re Ventures, Soma Capital, Alumni Ventures, Helium-3, Cooley, and Fifth Wall
Runwise
$30M
New York, NY-based maker of software and hardware for managing building energy and water consumption

S2G Investments
Sojo Industries
$40M
Bristol, PA-based automated packaging startup

Energy Impact Partners and Activate Capital
Swimlane
$45M
Denver, CO-based AI hyperautomation security startup

Bain Capital Crypto, Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Wintermute Ventures, and Variant
Turnkey
$30M
Austin, TX-based crypto wallet startup

June 18th, 2025|Scherzer Deal Report|

The Scherzer Deal Report: June 2-6, 2025

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

Denver Ventures
$20M
Debut seed fund

Energize Capital
$430M
Third climate-tech VC fund

Neuberger Berman
$4B
Second GP-led secondaries fund

Thoma Bravo
$34.4B
16th flagship buyout fund ($24.3B); fifth midmarket fund ($8.1B); and its first Europe-focused fund (€1.8B)

Private Equity Deals

Haveli Investments
Accommodations Plus International
Undisclosed amount
Melville, NY-based provider of accommodations and travel tech solutions

Truelink Capital
Channel Factory
Undisclosed amount
City of Industry, CA-based ad tech firm

Lead Edge Capital, Nuveen Real Estate, and Blackstone
Cove
Undisclosed amount
Washington, DC-based provider of commercial property management software

Roark Capital
Dave’s Hot Chicken
Undisclosed amount
Pasadena, CA-based fast-casual chain

Paceline Equity Partners
Everflow
Undisclosed amount
Carteret, NJ-based wholesale master distributor of plumbing supplies

First Reserve and Fortress Investment Group
Island Energy Service
Undisclosed amount
Kapolei, HI-based provider of fuel logistics and infrastructure

Swander Pace Capital, Partners Capital, and Constitution Capital Partners
Maple Donuts
Undisclosed amount
York, PA-based maker of frozen bakery products

Confluence Point
Perry’s Roofing
Undisclosed amount
Pleasantville, NY-based residential re-roofing contractor

Partners Group
PowerTransitions
Undisclosed amount
Houston, TX-based utility-scale U.S. solar developer

Shore Capital Partners
Sweetmore Bakeries
Undisclosed amount
Park Ridge, IL-based family of bakeries

Carlyle
Trucordia
Undisclosed amount
Lindon, UT-based insurance broker

PSG
Uptick
Undisclosed amount
Menlo Park, CA-based provider of job management software for fire, safety, security, and field services

Venture Capital Deals

Larsen Lam Climate Change Foundation
Aircapture
$50M
Berkeley, CA-based direct air capture startup

Lightstone Ventures and Clavyst
BioAllay Therapeutics
$57.5M
San Jose, CA-based developer of analgesic pain relief products

Founders Fund, a16z, General Catalyst, Lux Capital, and Altimeter
Anduril
$2.5B
Costa Mesa, CA-based defense-tech giant

Global Health Investment Corp., EDBI, Athos, Federov, Viking Global Investors, Sherpalo Ventures, S-Cubed Capital, In-Q-Tel, and Civilization Ventures
Antheia
$56M
Menlo Park, CA-based manufacturer of a major Narcan ingredient

Thrive Capital, a16z, Accel, and DST Global
Anysphere
$900M
San Francisco, CA-based AI coding assistant

Energy Impact Partners
Ciroos
$21M
Pleasanton, CA-based developer of agentic AI tools for ops teams

F-Prime, Spark Capital, FFVC, Acronym Venture Capital, Two Lanterns Venture Capital, APA Ventures, dara5, and Alumni Ventures
Dataplor
$20.5M
Manhattan Beach, CA-based provider of global location intelligence

Egis Capital Partners, Intel Capital, Shasta Ventures, UP2398, and Slow Launch Fund
Deep Sentinel
$15M
Pleasanton, CA-based physical security startup

Linse Capital, DFJ Growth, Valor Equity Partners, Founders Fund, Lux Capital, RTX Ventures, DCVC, Airbus Ventures, Spring Tide, First Principles Group, Balerion Space Ventures, Tamarack Global, and Trousdale Ventures
Impulse Space
$300M
Redondo Beach, CA-based maker of spacecraft for “tugging” satellites across orbits

Glynn Capital, Counterpoint Global, S32, and SAIC
Infleqtion
$100M
Boulder, CO-based quantum computing startup

Venture Partners, Sozo Ventures, Founders Fund, Lineage, and Armada Supply Chain Solutions
Kargo
$18.4M
New York, NY-based warehouse inventory management startup

ARK Invest, DFJ Growth, Founders Fund, G42, Human Capital, Lightspeed, QIA, Sequoia Capital, Thrive Capital, Valor Equity Partners, and Vy Capital
Neuralink
$650M
Fremont, CA-based brain-implant startup founded by Elon Musk

Bain Capital Ventures, Khosla Ventures, and Pathlight Ventures
Obvio
$22M
San Carlos, CA-based developer of AI-powered traffic cameras

Salica Investments
Outcomes4Me
$21M
Boston, MA-based AI cancer care startup

General Catalyst, a16z, First Round Capital, and Radical Ventures
Prepared
$80M
New York, NY-based provider of emergency response tools

Flourish Ventures and Accenture Ventures
Reserv
$25M
New York, NY-based insurance claims admit

Snowflake Ventures, Rocketship VC, MVP Ventures, Cox Enterprises, Mayfield, and Benchmark
Sema4.ai
$25M
Atlanta, GA-based agentic AI startup

Actium, Gates Foundation Strategic Investment Fund, Danaher Ventures, Eli Lilly, and Bright
EdgeSignify Bio
$15M
Dallas, TX-based developer of personalized medicines

Goldman Sachs Alternatives
Simetrik
$30M
New York, NY-based reconciliation platform for finance teams

Google, Chevron, and NEA
TAE Technologies
$150M
Foothill Ranch, CA-based fusion energy startup

Greycroft, Index Ventures, Scale Venture Partners, Meritech Capital, and Homebrew
Thread AI
$20M
New York, NY-based startup that helps enterprises design and manage complex workflows

Camber Partners
Trustifi
$25M
New York, NY-based email cybersecurity startup

Protagonist
Vivrelle
$62M
New York, NY-based luxury accessories membership service

NewRoad Capital Partners
Voxel
$44M
San Francisco, CA-based logistics safety startup

June 11th, 2025|Scherzer Deal Report|

The Scherzer Deal Report: May 26-30, 2025

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

L Catterton
$11B
New fund commitments, including $6.75 for its tenth flagship buyout vehicle

RCP Advisors
$314M
14th fund-of-funds

Terminus Capital Partners
$250M
Debut fund

Zeal Capital Partners
$82M
Second fund

Private Equity Deals

Bain Capital
Acrisure
$2.1B
Grand Rapids, MI-based insurer

Vista Equity Partners
Acumatica
Undisclosed amount
Bellevue, WA-based ERP software firm

Brookfield Asset Management and CDPQ
Antylia Scientific
$1.34B
Vernon Hills, IL-based lab supplies maker

Breakwater Management, Genesis Park, and Tecum Capital
Chemistry
Undisclosed amount

Atlanta, GA-based marketing agency

Coalesce Capital
DAS Health
Undisclosed amount
Tampa, FL-based provider of health-care IT solutions

Sunstone Partners and Cressey & Co.
ProgenyHealth
Undisclosed amount
Plymouth Meeting, PA-based maternity and NICU care management company

Littlejohn & Co.
RailPros
Undisclosed amount
Irving, TX-based railroad engineering firm

Kingswood Capital Management and Performance Investment Partners
The Vitamin Shoppe
Undisclosed amount
Secaucus, NJ-based retailer of nutrional supplements

Valeas Capital Partners
TicketManager
Undisclosed amount
Calabasa, CA-based provider of enterprise event ticket and guest management solutions

LLR Partners
TruTechnologies
Undisclosed amount
Durham, NC-based provider of real-time clinical trial oversight

Venture Capital Deals

Accelmed Partners and 3E Bioventures Capital
Acclaro Medical
$23M
Smithfield, RI-based maker of lasers that reduce the effect of skin aging

DTCP, Okta Ventures, Salesforce Ventures, and Two Sigma Ventures
Cerby
$40M
Alameda, CA-based identity security automation startup

Felicis, Triatomic Capital, General Catalyst, Unusual Ventures, and Xfund
Chalk
$50M
San Francisco, CA-based data platform for AI/ML

Khosla Ventures, Bond Capital, Institutional Venture Partners, Battery Ventures, Bessemer Venture Partners, Index Venture, Lightspeed Venture Partners, Benchmark and Coatue
ClickHouse
$350M
Palo Alto, CA-based database startup

BlueCrest Capital Management, Innovius Capital, Matrix Partners, Threshold Ventures, Underscore VC, G20 Ventures, and MongoDB
CloudZero
$56M
Boston, MA-based cloud cost optimization startup

Dragonfly, Altos Ventures, Sound Ventures, Commerce Ventures, DCG, Circle Ventures, Helios Digital Ventures, and Portage Ventures
Conduit
$36M
Palo Alto, CA-based cross-border payments platform using stablecoins

WndrCo and Kindred Ventures
Creatify
$15.5M
Mountain View, CA-based AI video advertising platform

Greenoaks and Valor Equity Partners
David Protein
$75M
New York, NY-based maker of high-protein bars

Adams Street Partners, General Catalyst, Index Ventures, Entrée Capital, Brewer Lane Ventures, SemperVirens, Latitude, and LionTree
Empathy
$72M
New York, NY-based mobile app for grief management

General Catalyst
Grammarly
$1B
San Francisco, CA-based writing assistant

Blackstone and Angelini Pharma
GRIN Therapeutics
$140M
New York, NY-based biotech focused on serious neurodevelopmental disorders

Capricorn Investment Group, Breakthrough Energy Ventures, Energy Impact Partners, Gigascale Capital, Powerhouse Ventures, Valor Equity Partners, TJB Straubel, and Zach Kirkhorn
Heron Power
$38M
Santa Cruz, CA-based developer of solid-state transformers

Avra, Sequoia Capital, Redpoint Ventures, Box Group, Snowflake Ventures, a16z, and Amplify
Hex
$70M
San Francisco, CA-based data analytics workspace

Freestyle, Backed VC, Deepwater, and BY Venture Partners
Infinity Constellation
$17M
Las Vegas, NV-based AI-focused holding company

General Catalyst, Bain Capital Ventures, Activant Capital, and Bessemer Venture Partners
Pallet
$27M
Fremont, CA-based transportation and warehouse software startup

DCVC, Giant Ventures, StepStone VC, Hanwha Asset Management Venture Fund, SGA Capital, Crossbeam Venture Partners, Align Ventures, ARK Invest, Gigascale, HartBeat VC, and Pax Ventures
Radiant
$165M
El Segundo, CA-based developer of nuclear microreactors

Sequoia Capital, First Round Capital, Creandum, and Susa Ventures
Rillet
$25M
Palo Alto, CA-based ERP to automate accounting

Addition, Prosperity 7 Ventures, Greylock, Lightspeed, BNY and QBE
SnorkelAI
$100M
Redwood City, CA-based provider of AI model evaluation tools

Kleiner Perkins, Spark Capital, Greenoaks, and Meritech Capital
Superblocks
$23M
New York, NY-based enterprise app development startup

Atlas Venture, Access Industries, and Canaan Partners
Vima Therapeutics
$60M
Cambridge, MA-based movement disorder biotech

Khosla Ventures, Lingotto Investment Management, Helena Capital, Fortius Ventures, Kairos Ventures, CS Ventures, Bison Ventures, and MBX Capital
Vivodyne
$40M
San Francisco, CA-based developer of lab-grown human tissues

QED Investors, Fifth Wall, Redpoint Ventures, Uncork, Starwood, and Breyer Capital
Wander
$50M
Austin, TX-based vacation rental platform

June 4th, 2025|Scherzer Deal Report|

The Scherzer Deal Report: May 19-23, 2025

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

Arena Investors
$1.1B
Third flagship special situations fund

Creator Ventures
$45M
Second fund

Crestline Investors
$1.7B
Third dedicated NAV financing fund

Dementia Discovery Fund
$269M
Second fund

Eagle Merchant Partners
$415M
Second fund

Emil Capital Partners
$100M
Fourth fund

Factorial Funds
$200M
Second institutional fund

Invictus Growth Partners
$574M
Second fund

Munich Re Ventures
$125M
New fund

QuantumLight
$250M
Debut fund

Scribble Ventures
$80M
Third fund

South Loop Ventures
$21M
Debut fund

Private Equity Deals

H.I.G. Growth Partners
AgileBlue
Undisclosed amount
Cleveland, OH-based network security ops platform

Tigertail Capital Partners
Blue Ridge Global
Undisclosed amount
Atlanta, GA-based supply chain planning company

Authentic Brands Group
Dockers
Undisclosed amount
San Francisco, CA-based brand of garments and other accessories

Boyne Capital
McNish
Undisclosed amount
Aurora, IL-based provider of engineered products for the municipal water and wastewater treatment industries

McNally Capital
Quiet Professionals
Undisclosed amount
Tampa, FL-based defense contractor

Vista Equity Partners
RollKall
Undisclosed amount
Irving, TX-based provider of management software for public safety agencies

EQT
Seven Seas Water Group
Undisclosed amount
Tampa, FL-based water treatment firm in the U.S. and Latin America

Transom Capital Group
SigmaTron International
Undisclosed amount
Elk Grove Village, IL-based electronic manufacturing services company

SEVA Growth
Teleskope
Undisclosed amount
Las Vegas, NV-based employee experience platform

Blackstone
TXNM Energy
Undisclosed amount
Albuquerque, NM-based utility

Greenbriar Equity Group
West Star Aviation
Undisclosed amount
East Alton, IL-based maintenance repair and overhaul services company

Venture Capital Deals

Bain Capital 
Acrisure
$2.1B
Grand Rapids, MI-based insurer 

Sixth Street Growth, Spectrum Equity, General Catalyst, and Ryan Smith
Awardco
$165M
Salt Lake City, UT-based employee rewards and recognition company

Sequoia Capital
Blues
$25M
Boston, MA-based IoT connectivity startup

Ballistic Ventures, SYN Ventures, Overline, and Silver Buckshot Ventures
Undisclosed
BreachRx
San Francisco, CA-based incident response platform

A16z, Breyer Capital, Circle Ventures, Coinbase Ventures, CoinFund, Pillar VC, and Stanford Engineering VF
Catena Labs
$18M
Chicago, IL-based AI-native financial institution

Upfront Ventures and Thrive Capital
Clair
$23.2M
New York, NY-based embedded earned wage access startup

ABN Amro, Climate Investment, Move Energy, Pi Impact, J-Impact, TO Ventures, and Force Over Mass Capital
Converge
$22M
Concrete sensor startup

Radian Capital
Dazos
$25M
Boca Raton, FL-based software platform for behavioral health providers

Left Lane Capital
FanBasis
$20M
San Francisco, CA-based monetization and management platform for digital creators

SR One, Medicxi, OrbiMed, HBM Healthcare Investments, Wellington Management, Novartis Venture Fund, Cormorant Asset Management, and 3B Future Health Fund
Fore Biotherapeutics
$38M
Philadelphia, PA-based registration-stage cancer drugmaker

Wa’ed Ventures and Tali Ventures
Graphiant
$19M
San Jose, CA-based data network services provider

NewSpring Capital
Kincell Bio
$22M
Gainesville, FL-based cell therapy

CDMOTrinity Capital
Lendflow
$15M
Austin, TX-based embedded credit infrastructure providera

16z, UC Investments, Lightspeed, Laude Ventures, Felicis, Kleiner Perkins, and The House Fund
LMArena
$100M
San Francisco, CA-based AI model reliability platform

Bessemer Venture Partners and Coatue
Miter
$23M
San Francisco, CA-based provider of human capital management software for construction and field services

Forerunner Ventures and FPV Ventures
Monarch
$75M
San Francisco, CA-based personal finance app

Accel
OpenFx
$23M
Pasadena, CA-based cross-border payments infrastructure startup

Decibel, Wing VC, TEDCO, and PrimeSet
Pixee
$15M
Baltimore, MD-based application security startup

Bain Capital Ventures, Index Ventures, YC, Adjacent, Volo Ventures, and SaaStr Fund
RevenueCat
$50M
Brandon, FL-based startup powering subscription apps

SignalFire and 01 Advisors
Siro
$50M
New York, NY-based sales rep coaching platform

Goodwater Capital, YC, NEA, Stanford University, and Menlo Ventures
Slash
$41M
San Francisco, CA-based “vertical banking” startup

nsight Partners and Bessemer Venture Partners
Sweep
$22.5M
New York, NY-based agentic workspace for business systems

Eclipse, CIV, Goldcrest Capital, MCJ Collective, True Ventures, and Wonder Ventures
The Nuclear Company
$51.3M
Lexington, KY-based nuclear energy developer

ServiceNow Ventures, Cisco Investments, Presidio Ventures, OpenView Venture Partners, and Tola Capital
TrustCloud
$15M
Boston, MA-based AI platform for GRC

May 28th, 2025|Scherzer Deal Report|

The Scherzer Deal Report: May 12-16, 2025

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

AE Industrial Partners
$418M
Second aerospace leasing fund

Aligned Climate Capital
$240M
Sixth fund focused on community solar projects

Blue Owl Capital
$7B
Third digital infrastructure fund

Crestline Investors
$3.5B
Fourth direct lending fund

DFJ Growth
$1.2B
Fifth fund

Dynamo Ventures
$54M
Third fund

Kayne Anderson 
$2.3B
Third energy income fund

Nexa Equity
$390M
Second fund

Northleaf Capital Partners
$6B
Fourth infrastructure-focused PE fund

Redpoint Ventures
$650M
10th flagship fund

VMG Partners
$1B
Sixth fund

Work-Bench
$160M
Fourth fund

Private Equity Deals

TSG Consumer Partners
EoS Fitness
Undisclosed amount
Phoenix, AZ-based gym chain

T. Rowe Price, Alpha Wave Global, and Temasek
Hub International
Undisclosed amount
Chicago, IL-based insurance broker

Arclight Capital Partners
NGPL
Undisclosed amount
Houston, TX-based natural gas infrastructure company

Five Point Infrastructure
PowerBridge
Undisclosed amount
Houston, TX-based developer of data centers in the Permian Basin

ApolloPower
Grid Services
Undisclosed amount
Hartselle, AL-based provider of maintenance and construction services to electric utilities

Crest Rock Partners
Productive Programming
Undisclosed amount
Verona, WI-based provider of software to health-care and other benefits organizations

Blackstone
TaskUs
Undisclosed amount
New Braunfels, TX-based provider of outsourced digital services and customer experience solutions

IX Capital Partners
Teague Electric
Undisclosed amount
Lenexa, KS-based electrical services provider

Caymus Equity Partners
Valley Lighting
Undisclosed amount
Linthicum Heights, MD-based lighting and shading business

Venture Capital Deals

Vitruvian Partners, WestCap, EDBI, 8VC, and Valor Equity Partners
Addepar
$230M
Mountain View, CA-based provider of wealth management software for RIAs

HealthQuest Capital, Samsara BioCapital, OrbiMed, Action Potential VC, BrightEdge, the Brain Tumor Investment Fund, and Sontag Innovation Fund
Alpheus Medical
$52M
Chanhassen, MN-based developer of sonodynamic therapy for treating solid body cancer

Altira Group, Aramco Ventures, NEA, KDT, and Activant
Arkestro
$36M
San Francisco, CA-based predictive procurement platform

Goldman Sachs Alternatives and Smith Point Capital
Bestow
$120M
Dallas, TX-based life insuretech

Northzone, General Catalyst, AlleyCorp, Kaiser Permanente Ventures, Texas Medical Center Ventures, and 1984 Ventures
Clarium
$27M
New York, NY-based health-care supply chain resiliency platform

Lux Capital, Mayfield, FPV, and Candou Ventures
Cognichip
$33M
San Francisco, CA-based startup using genAI to develop new chips

Temasek, Deerfield Management, Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners
Cohere Health
$90M
Boston, MA-based provider of clinical admin automation tools

Owl Ventures and Blume Ventures
Complement 1
$16M
Bloomington, MN-based cancer lifestyle modification startup

Blackstone
Entrata
$200M
Lehi, UT-based provider of property management software for the multifamily industry

Renegade Partners, Andreessen Horowitz, Primary Venture Partners, Susa Ventures, and 1Sharpe
Flock Exchange
$20M
Atlanta, GA-based exchange for retiring real estate owners

O’Neil Strategic Capital, Susquehanna Private Equity Investments, SignalFire, GLP Capital Partners, and Bracket Capital
Flock Freight
$60M
Encinitas, CA-based shared truckload freight brokerage

Insight Partners, GV, Future Ventures, and Abstract Ventures
Glass Imaging
$20M
Los Altos, CA-based digital imaging startup

A16z, speedrun, Abstract, and Index Ventures
Hedra
$32M
San Francisco, CA-based AI video generation platform

WestCap
iAltA
$20M
New York, NY-based private markets infrastructure startup

AJ Hollander, Integrated Partners, and XPTO
Nortian
$41M
St. Joseph, MO-based collagen production startup

Koch Disruptive Technologies led, joined by Bessemer Venture Partners, The Westly Group, and Activate
Optimal Dynamics
$40M
New York, NY-based decision intelligence platform for logistics

Meritech, Headline, and Alt Capital
Owner.com
$120M
San Francisco, CA-based digital platform for independent restaurant owners

Accel, Insight Partners, Viola Ventures, EXOR, and LionBird
PhaseV
$50M
Boston, MA-based clinical trial and development software startup

Future Ventures, Avila VC, GSBackers, Khosla Ventures, Mayfield, SiteGround, TitletownTech, and Wisconsin Alumni Research Foundation
Realta Fusion
$36M
Madison, WI-based magnetic mirror fusion startup

Lux Capital, Sequoia Capital, and Starship Ventures
Reflect Orbital
$20M
Hawthorne, CA-based space energy startup

Schooner Capital and Alexandria Venture Investments
Remedy Plan Therapeutics
$18M
Gaithersburg, MD-based developer of hyperbolic NAMPT inhibitors

Elad Gil, Sands Capital, GIC, Goldman Sachs Growth, Baillie Gifford, Y Combinator, Founders Fund, Coatue, Bedrock Capital, Greenoaks, Kleiner Perkins, and Sequoia Capital
Rippling
$450M
San Francisco, CA-based provider of HR software

AE Ventures, Crosscut Ventures, Zeon Ventures, and Mitsubishi Electric
Solestial
$17M
Tempe, Ariz.-based space solar busines

Khosla Ventures, SciFi VC, Chan Zuckerberg Initiative, Fusion Fund, Ajinomoto Group Ventures, Pitango HealthTech, TechAviv, Harpoon Ventures, Martin Chavez, and Fidji Simo
Somite
$47M
Boston, MA-based agentic security platform

General Catalyst, a16z, UC Regents, GV, and Accel
Sprinter Health
$55M
Menlo Park, Calif.-based provider of at-home health services

Goodwater Capital, USV, StepStone, Serengeti, University of Illinois Foundation, and T. Rowe Price
Stash
$146M
New York, NY-based investing and savings platform

Strike Capital, Baillie Gifford, NewView Capital, G Squared, Georgia Tech Foundation, Kleiner Perkins, Franklin Templeton, Founders Fund, Bond, and Lux Capital
Stord
$80M
Atlanta, GA-based cloud supply chain company

RA Capital Management, Khosla Ventures, Chugai Venture Fund, Eli Lilly, J&J, Myeloma Investment Fund, and Tachyon Ventures
Stylus Medicine
$40M
Cambridge, MA-based gene editing startup

Magnetar, AMD Ventures, Maverick Silicon, Nexus Venture Partners, and Prosperity7
TensorWave
$100M
Las Vegas, NV-based data center provider

Wing VC, S Ventures, Snowflake Ventures, and Databricks Ventures
Theom
$20M
San Jose, CA-based AI security and data governance startup

Angelini Ventures, Apollo Health Ventures, SV Health Investors, Dementia Discovery Fund, Dolby Family Ventures, Eli Lilly, Foundation for a Better World, MRL Ventures Fund, and Sanofi Ventures
Therini Bio
$39M
South San Francisco, CA-based vascular injury biotech

Razor’s Edge Ventures, Crosslink Capital, Balerion Space Ventures, and Capital Factory Ventures
X-Bow
$105M
Seattle, WA-based provider of solid-rocket motors

Hanaco Ventures, Seraphim, Balerion Space Ventures, JAWS, Vanderbilt University, RiverPark Ventures, Stage 1 Ventures, 7i Capital, and Beyond Earth Ventures
Zeno Power
$50M
Washington, DC-based developer of radioisotope power systems

May 21st, 2025|Scherzer Deal Report|

The Scherzer Deal Report: May 5-9, 2025

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

Deerfield Management
$600M
Third health-care VC fund

Rotunda Capital Partners
$735M
Fourth fund

Vivo Capital
$740M
New fund

XPV Water Partners
$625M
Two funds

Private Equity Deals

TPG and Corpay
AvidXChange
Undisclosed amount
Charlotte, NC-based payments firm

NexPhase Capital
Behavior Frontiers
Undisclosed amount
El Segundo, CA-based autism treatment provider

Strategic Value Partners
Birdsboro Power
Undisclosed amount
Birdsboro, PA-based gas-fired combined-cycle generation facility

Thoma Bravo
HubSync
Undisclosed amount
Franklin, TN-based tax and accounting platform

General Atlantic
Liftoff
Undisclosed amount
Redwood City, CA-based mobile app marketing platform

Shamrock Capital
Neocol
Undisclosed amount
Chicago, IL-based consultancy for go-to-market sales functions

Madison Dearborn Partners
NextGen Healthcare
Undisclosed amount
Irvine, CA-based EHR/EMR company

TPG
Peppertree Capital Management
Undisclosed amount
Chagrin Falls, OH-based digital infrastructure investment firm focused on wireless communications towers

Altas Partners
Redwood Services
Undisclosed amount
Memphis, TN-based platform for home services contractors

Valeas Capital Partners
Suntera Global
Undisclosed amount
Short Hills, NJ-based fund administrator and wealth manager

Arcapita
Trustpoint.One
Undisclosed amount
Atlanta, GA-based provider of tech-enabled legal services to law firms and corporations

Great Hill Partners
Vision Government Solutions
Undisclosed amount
Hudson, MA-based provider of property tax appraisal software

Venture Capital Deals

Thrive Capital, a16z, and Accel
Anysphere
$900M
San Francisco, CA-based maker of AI coding assistant 

CursorPoint72 Ventures, 8VC, a16z, Washington Harbour Partners, and StepStone Group
Apex Space
$200M
Culver City, CA-based satellite bus developer

UPMC Enterprises
Carta Healthcare
$18.25M
San Francisco, CA-based provider of clinical data abstraction solutions

Khosla Ventures, Insight Partners, and Valor Equity Partners
Fastino AI
$17.5M
Palo Alto, CA-based developer of task-focused language models for the enterprise

MK Capital, Tamarind Hill, JobsOhio, and Rev1 Ventures
HealthPlan Data Solutions
$15M
Columbus, OH-based provider of pharmacy payment and benefit optimization tools

Obvious Ventures, a16z, Lux Capital, S32, Character, and Amino Collective
Inductive Bio
$25M
Brooklyn, NY-based AI-driven drug discovery startup

Era Fund, Lux Capital, Dash, Gaingels Enterprise, and Gaingels
Jericho Security
$15M
New York, NY-based cybersecurity training platform

Valspring Capital
Koala Health
$20M
Boston, MA-based pet medication delivery group

Razor’s Edge Ventures and Shield Capitalm
Power Technology
$21M
Albuquerque, NM-based space solar company

Kleiner Perkins, Khosla Ventures, Human Capital, and Valor Equity Partners
NewLimit
$130M
San Francisco, CA-based longevity drug startup

Schooner Capital, Magenta Venture Partners, Surround Ventures, AnD Ventures, J-Ventures, and INcapital Ventures
Onebeat
$15M
New York, NY-based inventory platform

DTCP, IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team
8OX Security
$60M
New York, NY-based application security startup

Merck, J&J, Bayland Capital, LAV Fund, BioTrack Capital, and Sherpa Healthcare Partners
PAQ Therapeutics
$39M
Burlington, MA-based protein degradation biotech

Lowercarbon Capital, Starship Ventures, 1517 Ventures, Long Journey Ventures, Garry Tan, and Naval Ravikant
Rainmaker
$25M
Alphretta, GA-based startup that uses drones to enhance rain

Bessemer Venture Partners
Sett
$15M
Phoenix, AZ-based developer of AI agents for building mobile games

Iconiq Growth, Sequoia Capital, and Madrona
Statsig
$100M
Bellevue WA-based product development platform

Denali Growth Partners and Truck 9 Partners
Tobin Scientific
$65M
Beverly, MA-based provider of biopharma logistics

MAK Capital
Trailhead Biosystems
$20M
Beachwood, OH-based regenerative medicine startup

PeakSpan Capital
TSOLife
$43M
Tampa, FL-based insights platform for senior living operators

Coatue, Madrona, GTM Capital, and The Anthology Fund
WisdomAI
$23M
New Hyde Park, NY-based AI data startup focused on reducing hallucinations

NEA, Accel, GV, Forerunner Ventures, and Amex Ventures
Wonder
$600M
Cranford, NJ-based cloud kitchen group that owns Grubhub and Blue Apron

May 14th, 2025|Scherzer Deal Report|

The Scherzer Deal Report: April 28 – May 2, 2025

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

Allied Industrial Partners
$300M
Debut fund

Apollo
$5.4B
First PE secondaries fund

dao5
$222M
Second fund

Escalate Capital Partners
$350M
Fifth fund

FPV Ventures
$525M
Second fund

Smith Point Capital
$360M
Debut fund

StepStone Group
$705M
Fourth growth equity fund

Uncork Capital
$300M
Eighth seed fund ($225M) and fourth growth fund ($75M)

Private Equity Deals

Banneker Partners
Arkieva
Undisclosed amount
Wilmington, DE-based provider of supply chain planning software

NOVA Infrastructure
DartPoints
Undisclosed amount
Dallas, TX-based data center solutions provider

HGGC
Equity Methods
Undisclosed amount
Scottsdale, AZ-based stock compensation advisory company

Apex Capital
Juanita’s Foods
Undisclosed amount
Wilmington, CA producer of Mexican food products

Clearlake Capital
ModMed
Undisclosed amount
Boca Raton, FL-based provider of medical practice SaaS

Kohlberg & Co.
RESA Power
Undisclosed amount
Houston, TX-based electrical power services provider

Evergreen
The Vested Group
Undisclosed amount
Plano, TX-based NetSuite solutions provider

Sky Peak Capital
TriStar Plastics
Undisclosed amount
Shrewsbury, MA-based provider of engineered plastic solutions and self-lubricating bearings

Venture Capital Deals

Bain Capital Ventures, Salesforce Ventures, Insight Venture Partners, Meritech, and Venrock
Astronomer (dba Astro)
$93M
New York, NY-based unified data ops platform

Insight Partners, Afore Capital, Crossbeam Venture Partners, and Metrodora Ventures
Blooming Health
$26M
New York, NY-based social services and health care coordination network

Viking Global Investors, Ten Coves Capital, Ankona Capital, Pelion Venture Partners, and Tenaya Capital
Canopy
$70M
Draper, UT-based provider of accounting software

G2 Venture Partners, SoftBank, Aglaé Ventures, Cota Capital, Hedosophia, Creandum, and Vintage Investment Partners
Cast AI
$108M
Miami, FL-based Kubernetes automation platform

Mainsail Partners
ChiroHD
$26M
Marietta, GA-based practice management system for chiropractors

Bessemer Venture Partners, 9Yards Capital, Sozo Ventures, a16z, South Park Commons, Strategic Cyber Ventures, and Script Capital
Doppel
$35M
San Francisco, CA-based social engineering defense platform

Notable Capital, Neo, Sandberg Bernthal Venture Partners, Peak6 Strategic Capital, and Correlation Ventures
Dub
$30M
New York, NY-based copy trading app

Ecosystem Integrity Fund, AlleyCorp, Alumni Ventures, Amazon Climate Pledge Fund, Cox Exponential, Elysium, New Enterprise Associates, One Small Planet, Overlap Holdings, Overture, VSC Ventures, and Working Capital Fund
Glacier
$16M
San Francisco, CA-based maker of recycling robots

Notable Capital and Coefficient Capital
Gorgie
$24.5M
Boca Raton, FL-based better-for-you energy drink

S2G Investments, Cibus Capital, Lowercarbon Capital, Otter Creek, iSelect, and Jeff Ubben
Growers Edge
$25M
Johnston, IA-based fintech for agricultural retailers, manufacturers, and lenders

Mayfield and Cisco Investments
Gruve.ai
$20M
Redwood City, CA-based AI deployment and measurement platform

MK Capital, Tamarind Hill, JobsOhio, and Rev1 Ventures
HealthPlan Data Solutions
$15M
Columbus, OH-based pharmacy analytics startup

SOSV, Amazon’s Climate Pledge Fund, Breakthrough Energy Fellows, Alexandria Venture Investments, AgriZeroNZ, Twynam, Good Growth Capital, and Ponderosa Ventures
Hoofprint Biome
$15M
Raleigh, NC-based developer of solutions for reducing cattle methane emissions

YL Venturesand Mayfield
Minimus
$51M
Newbury Park, CA-based application security startup

Bold Capital Partners, USAA, Climate Capital, Gaingels, River Park Ventures, Crosslink Capital, Third Sphere, and Draper Associates
Near Space Labs
$20M
Brooklyn, NY-based high-rez Earth imaging startup

Paradigm, Together AI, Distributed Global, North Island Ventures, Delphi Digital, and Solana co-founder Raj Gokal
Nous Research
$65M
Saratoga, CA-based open-source AI lab

Sequoia Capital, Spark Capital, Founders Fund, Index Ventures, Human Capital, Foundation Capital, and Susa Ventures
Nuvo
$34M
San Francisco, CA-based B2B network for physical goods

Radical Ventures, Village Global, Schematic Ventures, and Lerer Hippeau
P-1 AI
$23M
San Francisco, CA-based engineering AI for physical systems

Escape Velocity, Builders Vision, Yamaha Motor Ventures, M Power, and Sumitomo Corp
Phoenix Tailings
$33M
Burlington, MA-based developer of rare earths from mining waste

Arena Holdings, Mitchell Rales, Notable Capital, Bessemer Venture Partners, TQ Ventures, and Susa/Kivu Ventures
Plenful
$50M
San Francisco, CA-based provider of health care workflow automation tools

Thrive Capital,  JPMorgan, Tiger Global, Khosla Ventures, and BoxGroup
Rogo
$50M
New York, NY-based generative AI startup focused on financial services

TomEnterprise
Sennos
$15M
Durham, NC-based provider of sensing, analytics and automation solutions for fluidics and fermentation

Sapphire Ventures, Mayfield, and Thomson Reuters Ventures
Supio
$60M
Seattle, WA-based legal AI platform for personal injury and mass tort plaintiff law firms

Accel, Meritech Capital, Eclipse, Riot Ventures, Menlo Ventures, 645 Ventures, ACME Capital, Space VC, Champion Hill Ventures, and Narya
True Anomaly
$260M
Centennial, CO-based developer of autonomous spacecraft and software for U.S. national security

Renown Capital Partners, Quanta, Keyframe Capital, and Nvidia
Utilidata
$60M
Providence, RI-based maker of smart meters

NEA, Atlassian Ventures, Workday Ventures, Snowflake Ventures, Accel, GV, True Ventures, Norwest, Ballistic Ventures, JPMorgan, and Blackstone
Veza
$108M
Redwood Shores, CA-based identity security startup

Sageview Capital
Zoe
$29.6M
New York, NY-based platform for connecting RIAs with investors

May 7th, 2025|Scherzer Deal Report|

The Scherzer Deal Report: April 21-25, 2025

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

CIV
$200M
Debut fund

Fluent Ventures
$40M
Debut fund

LLR Partners
$2.45B
Seventh flagship midmarket PE fund

RockawayX
$125M
Early-stage crypto VC fund

Venture Guides
$262.5M
Second fund

Private Equity Deals

Littlejohn Capital
3P Processing
Undisclosed amount
Wichita, KS-based provider of metal processing and finishing solutions to aerospace

Argand Partners
Ballet Makers
Undisclosed amount
Totowa, NJ-based dance apparel brand

Truelink Capital
Channel Factory
Undisclosed amount
Beverly Hills, CA-based adtech company

TPG and Temasek
Cliffwater
Undisclosed amount
Marina del Rey, CA-based alternative investment adviser and fund manager

Ares
Epika Fleet Services
Undisclosed amount
Nashville, TN-based provider of preventative maintenance and repair services for commercial trucking fleets.

Coral Tree Partners
Innovative Artists
Undisclosed amount
Santa Monica, CA-based talent agency

MPE Partners
Intermatic
Undisclosed amount
Spring Grove, IL-based maker of electrical and mechanical controls

Lightyear Capital
King Risk Partners
Undisclosed amount
Gainesville, FL-based retail brokerage

Kanbrick
LTI
Undisclosed amount
Hatfield, PA-based provider of materials testing and calibration services

Waud Capital Partners
MedTec
Undisclosed amount
Buffalo Grove, IL-based provider of in-home care and adult day services

Serent Capital
PlotBox
Undisclosed amount
Boston, MA-based provider of cemetery, crematory, and funeral home management software

Creator Partners and Servco
Reverb
Undisclosed amount
Chicago, IL-based online marketplace for musical instruments and equipment

AEA Investors
Splash Car Wash
Undisclosed amount
Milford, CT-based 65 car wash locations in the Northeast

TZP Group and GCP Capital Partners
Superscapes
Undisclosed amount
Carrollton, TX-based lawn care company

Venture Capital Deals

Derayah Financial, 850 Management, National Investments Company Kuwait, Unbound, and Portage Ventures
Alpaca
$52M
San Mateo, CA-based developer of a stock-trading

APIGIC, Salesforce Ventures, Geodesic Capital, Baillie Gifford, Carson Family Office, and Iconiq Growth
Altruist
$152M
Culver City, CA-based provider of custodian software for RIAs

Cheyenne Ventures, Ballistic Ventures, IBM, Black Opal Ventures, K2 Access Fund, Jefferies Family Office, Silver Buckshot Ventures, and Blu Venture Investors
AuthMind
$19.3M
Bethesda, MD-based identity protection startup

Alpha Wave Ventures, RiverVest Venture Partners, AXA IM Alts, LifeSci Venture Partners, M Ventures, Hikma Ventures, Aphelion Capital, and Taisho Pharma
Biolinq
$100M
San Diego, CA-based developer of wearable glucose monitoring devices for Type 2 diabetes

Kleiner Perkins, IVP, Salesforce Ventures, Datadog Ventures, Sequoia Capital, Spark Capital, Amplify, Redpoint Ventures, Lightspeed, and Mantis VC
Chainguard
$356M
Kirkland, WA-based open source security startup

M Ventures, Rhapsody Venture Partners, Intel Capital, Pangaea Ventures, Foothill Ventures, In-Q-Tel, and TEL VC
ChEmpower
$18.7M
Beaverton, OR-based semiconductor materials startup

Felicis and Georges Harik
Deep Infra
$18M
Palo Alto, CA-based provider of AI model inference services

Capricorn Investment Group and Temasek
Electra
$186M
Boulder, CO-based green iron startup

DFJ Growth, Salesforce Ventures, Lightspeed Venture Partners, Coatue, Dell Technologies Capital, Section 32, and Citi Ventures
Endor Labs
$93M
Palo Alto, CA-based software supply chain security company

Felicis, a16z, 8090 Industries, Starwood Capital, Thrive Capital, and MCJ Collective
Exowatt
$35M
Miami, FL-based solar storage startup

Thrive Capital, Insight Partners, Forerunner Ventures, and Heartcore Capital
Fora
$40M
New York, NY-based travel agent startup

DCVC Bio, Eli Lilly, nVivium Capital, Walder Ventures, Gradiant Corporation, and Mansueto Investments 
Grove Biopharma
$30M
Chicago, IL-based biologics company

Key1 Capital, Fin Capital, Glilot Capital Partners, and Group11
Healthee
$50M
New York, NY-based health benefits navigation startup

Natural Ventures and Burnt Island Ventures
Irrigreen
$19M
Edina, MN-based developer of ultra-precise lawn sprinklers

Sequoia Capital
Listen Labs
$27M
San Francisco, CA-based autonomous user interview tool

Summit Partners
Manychat
$140M
New York, NY-based provider of customer and e-commerce service automation for brandsa

16z and Alpine Space Ventures
Northwood Space
$30M
El Segundo, CA-based developer of shared infrastructure for satellite backhaul

JPMorgan Private Capital, Thrive Capital, Index Ventures, YC, Maverick Ventures, BoxGroup, Atomico, G Squared, and Pinegrove
Nourish
$70M
New York, NY-based provider of nutrition counseling

Allstate Strategic Ventures, Blue Bear Capital, Solidigm, Massive, Zelkova, and Northwestern Mutual
Ocient
$42.1M
Chicago, IL-based provider of data analytics software

B Capital, Marunouchi Innovation Partners, BNP Paribas, Citi Impact Fund, Alumni Ventures, Activate Capital, Liberty Mutual Investments, National Grid Partners, and Wind Ventures
Omnidian
$87M
Seattle, WA-based solar energy monitoring and maintenance startup

Overwater Ventures and GV 
Overture Life
$20.6M
New York, NY-based IVF automation startup

Redpoint Ventures and Datadog Ventures
Push Security
$30M
Boston, MA-based identity threat detection startup

Redseed, Insight Partners, Zeev Ventures, Boldstart, and Angular Ventures
Reco
$25M

Miami, FL-based SaaS security startup

Benchmark, First Round Capital, YC, and BoxGroup
Reducto
$24.5M
San Francisco, CA-based startup that helps LLMs read documents

Altos Ventures, SemperVirens, Greycroft, Definition, and Better Tomorrow Ventures
Salsa
$20M
New York, NY-based provider of embedded payroll infrastructure to SaaS

Key1 Capital, Bessemer Venture Partners, Zeev Ventures, Standard Investments, and Munich Re Ventures
Sentra
$50M
New York, NY-based data security platform

SYN Ventures and Peak XV Partners
SquareX
$20M
Palo Alto, CA-based browser detection and response startup

Two Sigma Ventures, Clocktower Technology Ventures, Belfer Investment Partners, Belfer Investment Partners, Nine Four Ventures, and Matrix Partners
Steadily
$30M
Austin, TX-based provider of landlord insurance

Forerunner, Day One Ventures, Susa Ventures, Long Journey Ventures, Family Fund, Opal Ventures, Valia Ventures, Visible Ventures, Vanessa Hudgens, Steve Aoki, and Giannis Antetokounmpo
Superpower
$30M
Los Angeles, CA-based health early detection app

Pantera Capital and Coinbase Ventures
Symbiotic
$29M
Wilmington, MA-based universal staking infrastructure startup

Playground Global and Godfrey Capital
Synthetic Design Lab
$20M
Burlingame, CA-based developer of antibody-drug conjugates

Hack VC, Anthos Capital, Manifold Trading, Mirana Ventures, and Metalayer Ventures
Theo
$20M
New York, NY-based trading infrastructure startup

April 30th, 2025|Scherzer Deal Report|

The Scherzer Deal Report: April 14-18, 2025

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

11 Tribes Ventures
Chicago, IL
$46M
Second fund

Crayhill Capital Management
$1.31B
Third flagship fund

Founders Fund
$4.3B
Third growth equity fund

Galaxy Ventures
$150M
Debut fund

Linden Capital Partners
$5.4B
Sixth, healthcare-focused buyout fund

Manulife Investment Management
$660M
Third PE fund

Morgan Stanley Investment Management
$2.3B
Third PE co-investment fund

Sprig Equity
$50M
Debut growth equity fund

Private Equity Deals

Stonepeak
Air Transport Services Group
Undisclosed amount
Wilmington, OH-based aircraft leasor and cargo transport company

TPG
Altus Power
$2.2B
Stamford, CT-based owner of commercial-scale solar in the US

Revelstoke Capital Partners
AOM Infusion
Undisclosed amount
Fort Worth, TX-based infusion provider focused on chronic therapy management

Bertram Capital
Applied Products
Undisclosed amount
Minnetonka, MN-based maker of adhesive solutions

Ember Infrastructure
Caban
Undisclosed amount
Plano, TX-based on-site power provider

Rotunda Capital Partners 
Capital Machine Technologies
Undisclosed amount
Tampa, FL-based provider of provider of metal fabrication machinery

BayPine
CenExel 
Undisclosed amount
Salt Lake City, UT-based clinical trials firm

Stonepeak
Dupré Logistics
Undisclosed amount
Lafayette, LA-based transportation and logistics company

Northleaf Capital Partners and Ares Management
GoldState Music
Undisclosed amount
New York, NY-based music rights investment platform

ArcLight Capital Partners
Kleen Power
Undisclosed amount
Middletown, CT-based natural gas-fired power plant for the New England market

Mill Point Capital
Koozie Group
Undisclosed amount
Clearwater, FL-based promotion products manufacturer

Ampersand Capital Partners
Lexington Medical
Undisclosed amount
Bedford, MA-based developer of minimally-invasive surgical stapling solutions

Patient Square Capital
Patterson Cos.
Undisclosed amount
St. Paul, MN-based dental and animal health products distributor

New Mountain Capital, Transformation Capital, Flare Capital Partners, Floodgate, Bessemer Venture Partners, and Refract Ventures
SmarterDx
Undisclosed amount
New York, NY-based revenue cycle management company

TZP Group
Superscapes
Undisclosed amount
Carrollton, TX-based commercial landscaper

Venture Capital Deals

First Round Capital, Chemistry, and Quiet Capital
Assort Health
$22M
San Francisco, CA-based provider of voice AI agents for health care

Deep Track Capital, Vida Ventures, Sanofi Ventures, and Mirae Asset Capital Life Science
Attovia Therapeutics
$90M
San Carlos, CA-based biotech focused on autoimmune diseases

StepStone Group, Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, Mayfield, MARA Holdings, and GSBackers
Auradine
$153M
Santa Clara, CA-based blockchain and AI infrastructure company

Stripes, XYZ Venture Capital, Susa Ventures, Addition, Narya Capital, and Maverick Ventures
Chapter
$75M
New York, NY-based Medicare navigation company

Lux Capital, Altman Capital, Haystack Ventures, Sunflower Capital, Humba Ventures, Also Capital, Forward Deployed VC, and Abstract Ventures
ConductorAI
$15M
Biddeford, ME-based provider of government approvals software

Lowercarbon Capital, Liberty Mutual Strategic Ventures, MassMutual Ventures, OMERS Ventures, Acrew Capital, Giant Ventures, a16z, Ardent Venture Partners, CIV, New System Ventures, and The Three Cairns Group
Crux Climate
$50M
New York, NY-based provider of financing software for clean energy companies

Theory Ventures
Doss
$18M
San Francisco, CA-based ERP and data platform

Khosla Ventures, Mayfield, and Thomvest Ventures
Exaforce
$75M
San Jose, CA-based agentic security ops startup

Airbus Ventures
Fourier
$18.5M
Menlo Park, CA-based hydrogen producer

CTI Life Sciences Fund, abrdn, Advent Life Sciences, Novo Holdings, Sanofi Ventures, Abingworth, RiverVest Venture Partners, Sanderling Ventures, Chiesi Ventures, Remiges Ventures, and Asahi Kasei Ventures
Glycomine
$115M
San Carlos, CA-based biotech focused on orphan diseases

Menlo Ventures, Lightspeed, B Capital, and Anthrolpic
Goodfire
$50M
San Francisco, CA-based AI interpretability research company

Altimeter Capital and ARK Invest
Hammerspace
$100M
San Mateo, CA-based data platform for AIHealth

Quest Capital, Bon Secours Mercy Health, UCHealth, OSF Ventures, and LRVHealth
Hellocare
$47M
Clearwater, FL-based virtual care platform

Comvest Partners, Barings, and RedBird Capital Partners
iCreditWorks
$60M
Iselin, NJ-based point-of-sale lending startup

Sixth Street Growth, Bank of America, Morgan Stanley, UBS, and TD Bank Group
Luma
$63M
Cincinnati, OH-based provider of structured products and insurance solutions

General Catalyst, Amazon’s Climate Pledge Fund, and Temasek
Mainspring Energy
$258M
Menlo Park, CA-based maker of linear generators

Thrive Capital
Revel Systems
$23M
San Francisco, CA-based software platform for hardware development

Align Ventures and Booz Allen Ventures
Scout AI
$15M
Sunnyvale, CA-based AI maker for defense applications

PeakSpan Capital
Tapcheck
$25M
Los Angeles, CA-based earned wage access company

Walden Catalyst Ventures and Lightspeed Venture Partner
Virtue AI
$30M
San Francisco, CA-based AI security platform

April 23rd, 2025|Scherzer Deal Report|

The Scherzer Deal Report: April 7-11, 2025

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

AlpInvest
$3.2B
Second portfolio finance fund

Andros Capital Partners
$1B
Third fund

Excelsior Energy Capital
$1B+
Second energy transition fund

FM Capital
$240M
Fourth fund

JPMorgan Asset Management
$1.5B
Second forest and climate solutions fund

KSL Capital Partners
$1.44B
Second tactical opportunities fund

Lerer Hippeau
$200M
Ninth flagship VC fund

Pantheon
$5.2B
Third private credit secondaries fund

RCP Advisors
$994M
Fifth co-investing fund

SignalFire
$1B+
Latest fund

Private Equity Deals

Altus Capital Partners and Centerfield Capital Partners
ALM Positioners
Undisclosed amount
Rock Island, IL-based provider of automated positioning equipment for manufacturers

Seaside Equity Partners 
Capstone
Undisclosed amount
New York, NY-based provider of tax, accounting, and advisory services to small and mid-size clients in the Pacific Northwest

LongueVue Capital
Daedalus Industrial
Undisclosed amount
Bradenton, FL-based maker of management and control systems for data centers and industrials

Middle West Partners
David Webb
Undisclosed amount
New York, NY-based jeweler

Paceline Equity Partners
Kassel Mechanical
Undisclosed amount
Columbus, OH-based installer of MEPF systems

DFW Capital Partners
Kept Companies
Undisclosed amount
Fairfield, NJ-based cleaning and maintenance company

Bain Capital
Lincoln Financial
$825M
Radnor, PA-based financial services company

New Mountain Capital
Office Ally
Undisclosed amount
Vancouver, WA-based provider of cloud-based clearinghouse and software to health care

Apollo
Plume
Undisclosed amount
Denver, CO-based tokenization business

Wind Point Partners
Sigma
Undisclosed amount
Cream Ridge, NJ-based maker of waterworks infrastructure products

Bain Capital
Sizzling Platter
$1B+
Salt Lake City, UT-based restaurant chain

New Mountain Capital
Thoughtful.ai
Undisclosed amount
Austin, TX-based revenue cycle automation company

Venture Capital Deals

DTCP, Glilot, Vertex, and Red Dot
Anecdotes
$55M
Palo Alto, CA-based GRC automation platform

Glade Brook Capital, YC, Day One Ventures, HubSpot Ventures, Oliver Jung, and Fellows Fund
Artisan
$25M
Milwaukee, WI-based AI sales agent startup

Mayfield and Menlo Ventures
Aurascape
$50M
Santa Clara, CA-based provider of security and observatbility for AI apps

a16z, Addition, Lightspeed, Valor Equity Partners, Thrive Capital, Altimeter, Terraine, and Trust Ventures
Base Power
$200M
Austin, TX-based provider of residential backup batteries

Spark Capital, Coinbase Ventures, Amex Ventures, and a16z
Blackbird Labs
$50M
Cupertino, CA and Ukraine-based blockchain-enabled payment option for restaurants

Shine Capital, Synchrony Ventures, Sheva Ventures, Point72 Ventures, and Cerca Partners
Bliss Aesthetics
$17.5M
Bay Harbor Islands, FL-based cosmetic surgery startup

Index Ventures and Motorola
Brinc
$75M
Seattle, WA-based maker of public safety drones

SineWave Ventures, Razor’s Edge Ventures, and Ten Eleven Ventures
Corsha
$18M
Vienna, VA-based provider of machine-to-machine communication solutions 

Bain Capital Ventures, a16z, and Abstract Ventures
Krea
$83M
San Francisco, CA-based platform for creatives working with genAI

Altimeter Capital, Redpoint Ventures, and Hanabi Capital
LiveKit
$45M
San Jose, CA-based network infrastructure startup for multimodal AI apps

Bain Capital Life Sciences, BVF Partners, Third Rock Ventures, GV, and PXV Funds
MeridaBiosciences
$121M
Cambridge, MA-based biotech focused on serious autoimmune and allergic diseases

CapitalG, M12, Micron Ventures, NVIDIA, and Socratic Partners
nEye Systems
$58M
Emeryville, CA-based optical switch startup

T. Rowe Price, Fidelity, Tiger Global, Greylock, and XN
Nuro
$106M
Mountain View, CA-based developer of autonomous driving tech

NewRoad Capital Partners, MK Capital, and Moore Strategic Ventures
Optilogic
$40M
Ann Arbor, MI-based provider of supply chain design software

Updata Partners and Elsewhere Partners
Portnox
$37.5M
Austin, TX-based provider of zero trust access control solutions

Prosus
Rain
$75M
Los Angeles, CA-based earned wage access app

Foresite Capital and OrbiMed
RayThera
$110M
San Diego, CA-based immunology biotech

Applied Ventures, Atika Capital, Foxconn, Hanwha Deeptech Venture Fund, Hitachi Ventures, NEC Orchestrating Future Fund, NVIDIA, Prosperity7, SineWave Ventures, Translink Capital, University of Michigan, and YC
Rescale
$115M
San Francisco, CA-based digital engineering platform

Google, Nvidia, and BNP Paribas
SandboxAQ
$150M
Palo Alto, CA-based Alphabet spinoff developing AI models for enterprise

Eli Lilly, Biovision Ventures, Pappas Capital, and Hengdian Group Capital
Solu Therapeutics
$41M
Boston, MA-based developer of blood cancer immunotherapies

WestBridge Capital, B37 Ventures, Rocketship.vc, and Lightspeed Venture Partners
Tessell
$60M
San Ramon, CA-based developer of multi-cloud database-as-a-service

April 16th, 2025|Scherzer Deal Report|
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