The Scherzer Deal Report: March 25-April 1, 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
Arch Venture Partners Chicago, IL $1.46B Tenth early-stage biotech fund and an affiliated overage fund
Ardian Paris, France $18B Eighth private equity secondaries fund
Gemspring Capital Westport, CT $750M Second fund
General Catalyst Cambridge, MA $600M Tenth early stage fund
General Catalyst Cambridge, MA $1B New growth fund
General Catalyst Cambridge, MA $700M New “endurance fund” that will back companies doing at least $100 million in sale
Tailwater Capital Dallas, TX $1.1B Fourth fund


Private Equity Investors Company  Amount Description
Palm Beach Capital Allen Brothers Undisclosed Philadelphia, PA-based wholesale distributor to the convenience and grocery store market
PSP Investments,  Alberta Teachers’ AltaGas Canada C$1.7B Canadian utility
Thoma Bravo Command Alkon Undisclosed Birmingham, AL-based supplier collaboration platform for heavy construction
Apple Dark Sky Undisclosed New York-based weather app that specializes in weather forecasting and visualization
Stone Canyon Industries Kissner $2B Toronto-based salt producer
Charlesbank Capital Partners News America Marketing $235M New York-based coupon-publishing unit 
Genstar Capital Obsidian Insurance Holdings $100M New fronting insurance holding company
HGCC PCF Insurance Undisclosed Woodland Hills, CA-based retail insurance brokerage
Council Capital Physician Housecalls Undisclosed Chickasha, OK-based provider of primary care services at private residences, assisted living centers, and independent senior apartments
Morgan Stanley Infrastructure Partners Seven Seas $500M + Tampa, FL-based water treatment business
Francisco Partners Smith Technologies Undisclosed Spartanburg, SC-based developer of community pharmacy and long-term care technology
Calera Capital Thayer Power & Communication Undisclosed Pataskala, OH-based provider of repair, maintenance, and upgrade services for the utility and telecom industries
Stonepeak Infrastructure Partners Trac Intermodal Undisclosed Princeton, NJ-based transportation equipment company


Venture Capital Investors Company  Amount Description
F-Prime Capital, NEA, Atlas Venture, Alexandria Venture Investments, Lonza, Partners Innovation Fund Affinia Therapeutics $60M Waltham, MA-based gene therapy startup
Pivotal BioVenture Partners, Cormorant Asset Management, Cowen Healthcare Investments, EcoR1 Capital, Fidelity, Polaris Founders Fund, Pagsgroup, Surveyor Capital, Wu Capital, 5AM Ventures, NEA, Novartis, Partners Innovation Fund, RA Capital Management, Sofinnova Investments Akouos $105M Boston, MA-based developer of gene therapies for hearing
Cigna Ventures, MemorialCare Innovation Fund, Avalon Ventures, CU Healthcare Innovation Fund, Stanford Health Care AristaMD $18M San Diego, CA-based e-consulting platform for medical specialists
OrbiMed, Arch Venture Partners, Frazier Healthcare Partners, Domain Associates, Section 32, Sam Altman Aspen Neuroscience $70M San Diego, CA-based developer of an autologous neuron replacement therapy to treat Parkinson’s disease
Lux Capital, Coatue, Sonder Capital, Playground Global, Baidu Ventures, Refactor Capital Avail Medsystems $25M Palo Alto, CA-based startup that helps digitize a surgeon’s physical presence in the operating room
Lightspeed Venture Partners, OpenView, Bessemer Venture Partners, YL Ventures, Vertex, WTI Axonius $58M New York-based cybersecurity asset management company
Itochu Corp. BigRentz $15M Irvine, CA-based construction equipment rental platform
Durable Capital Partner, Iconiq Capital, Index Ventures, Battery Ventures, CapitalG, Dawn Capital Collibra $112.5M New York-based provider of data governance software for business users
The Invus Group, Surveyor Capital, EDBI, Vertex Ventures, F2 Ventures, MPM Capital, EcoR1 Capital, Redmile Group, Samsara BioCapital ElevateBio $170M Cambridge, MA-based cell and gene therapy startup
T.J. Rogers, York Capital Enovix $45M Fremont, CA-based developer lithium-ion batteries
LeapFrog, Sequoia Capital, Sofina MedGenome $55M Foster City, CA-based genetic diagnostics and research startup focused on Southeast Asia
Index Ventures Notion $50M San Francisco-based provider of cloud-based collaboration tool
General Catalyst, Drive Capital, Oak HC/FT, Ascension Ventures Olive $51M Columbus, OH-based provider of health care administration automation software
Dell Technologies Capital, WRVI Capital, Avalon Ventures, Argentum Capital Partners, Allen and Company, Mathers Associates Orion Labs $29M San Francisco, CA-based provider of communication and automation SaaS for deskless workers
Access Biotechnology, Boxer Capital, RA Capital, OrbiMed, Polaris Partners, Versant Ventures, Roche Venture Fund, SR 1, JDRF T1D Fund, BioInnovation Capital Pandion Therapeutics $80M Cambridge, MA-based biotech focused on autoimmune disorders like Type 1 diabetes
G2VP Seegrid $25M Pittsburgh, PA-based developer of self-driving industrial vehicles for material handling
Georgian Partners, Franklin Templeton, Prologis Ventures, GreatPoint Ventures, Alumni Ventures Group Strivr $30M Palo Alto, CA-based provider of VR training solutions
RA Capital Management, Janus Henderson Investors, TPG Growth, Abingworth, Longitude Capital, Frazier Health Care Partners, Pivotal bioVenture Partners, Medixci, CTI Life Sciences, Roche Venture Fund, Foresite Capital SutroVax $110M Foster City, CA-based developer of a pneumonia vaccine
Radicle Impact Partners, The Ecosystem Integrity Fund, ID8 Investments, AiiM Partners Vericool $19.1M Livermore, CA-based maker of compostable insulation packaging
Exor, Shell, Macquarie Capital, Mori Building Via $200M New York-based ride hail and transit software compan

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