The Scherzer Deal Report: April 29 – May 6, 2020


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.


PE and VC Firms Fundraising Location Amount Description
Ara Partners Houston, TX $400M Debut fund
Autotech Ventures Menlo Park, CA $150M Second fund
Metropolitan Partners Group Management New York, NY $240M Sixth fund
Oberland Capital New York, NY $1.05B Health care royalties fund
Partners for Growth San Francisco, CA $325M Sixth specialty lending fund focused on growth companies
Runa Capital Menlo Park, CA $157M Third fund


Private Equity Investors Company  Amount Description
Bregal Sagemount Corcentric $80M Cherry Hill, NJ-based provider of business spend management software
Triangle Digital Ventures Covideo Undisclosed Indianapolis, IN-based provider of video messaging software
Astra Capital Management DartPoints Undisclosed Dallas, TX-based owner and operator of edge colocation data centers
Cove Hill Partners  Kalkomey Undisclosed Dallas, TX-based provider of online recreational safety education and agency management software
Macquarie Multifuels Midstream Group Undisclosed Houston, TX-based differentiated power and utility infrastructure company focused on lateral natural gas pipelines and related asset
L Catterton  Norwegian Cruise Line Holdings $400M Global cruise line
BV Investment Partners StraighterLine Undisclosed Baltimore, MD-based online secondary education course platform
Sole Source Capital  Supply Chain Services Undisclosed Oakdale, MN-based provider of automatic identification and data capture and factory automation solutions


Venture Capital Investors Company  Amount Description
John Chambers and John Doer ASAPP $185M New York-based maker of call center software
Altimeter Capital, Bond Capital, Benchmark, GV, Index Ventures, Redpoint Ventures, Sequoia Capital, Tiger Capital Cockroach Labs $86.6M New York-based distributed SQL database
Index Ventures, Radical Investments, Amplify Partners Covariant $40M Berkeley, CA-based developer of autonomy solutions for industrial robotics
Northgate Capital, Norwest Venture Partners, Four Rivers Group Dtex $17.5M San Jose, CA-based provider of endpoint security software
PSP Investments, CPP Investments, Illumina Grail $390M Menlo Park, CA-based cancer detection company
GreatPoint Ventures, Autotech Ventures, Argean Capital, Monta Vista Capital KlearNow $16M Santa Clara, CA-based digital customers clearance platform
Uber, Alphabet, Bain Capital Ventures, GV Lime $170M San Francisco, CA-based e-scooter company
Bain Capital Ventures, Raine Ventures, Barry Sternlicht Material Bank $28M New York-based architecture and design marketplace
GSR Ventures, PPD Inc. Medable $25M Palo Alto, CA-based platform for decentralized clinical trials
GGV Capital, YL Ventures, SVCI Orca Security $20M Los Angeles, CA-based cybersecurity startup focused on cloud vulnerabilities
SK Holdings, Avis Budget Group, Alliance Ventures, Bessemer Venture Partners Otonomo $46M Israeli automotive data services platform
Ally Bridge Group, Adage Capital Management, HealthQuest Capital, Partner Fund Management, Rock Springs Capital Pulmonx $66M Redwood City, CA-based developer of minimally invasive treatments for severe emphysema
Sequoia Capital, NEA, Ribbit Capital, 9Yards Capital, Unusual Ventures Robinhood $280M Menlo Park, CA-based financial services company
Vickers Venture Partners, Flint Hills Resources, CPV/CAP Pensionskasse Coop & International, Eversource Retirement Plan Master Trust, WI Harper Group RWDC Industries $133M Athens, GA-based bioplastics manufacturing startup
Riverwood Capital Sensor Tower $45M San Francisco, CA-based mobile app market intelligence firm
Versant Ventures, GV Ventus Therapeutics $60M Massachusetts and Montreal-based immunology startup

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