ecommerce, social media/apps
Luvocracy, a recently launched, Pinterest-like social marketplace where people can buy products recommended by friends and other tastemakers, has raised $11 million in funding from Kleiner Perkins, Google Ventures, CrunchFund, RPM Ventures, XG Ventures, and individual investors. Luvocracy’s social marketplace enables people to buy products recommended by those they trust. At a macro level, the startup is bringing the power of recommendations, which have driven purchase decisions for centuries, into the world of online shopping.
ecommerce, social media/apps
The Daily Grommet, which operates an online marketplace and video review website for consumer products, raised an undisclosed amount of additional funding from Japan-based eCommerce company Rakuten (JASDAQ:4755). Prior to Rakuten investments, the company had raised approximately $6 million in funding since its launch in 2008.
mobile content/apps, mobile marketing
StepLeader, a provider of mobile app development and advertising sales for local media and college sports, has raised $4.4 million in funding led by River Cities Capital Funds, with participation from Bull City Venture Partners. Proceeds from the financing will be used to increase the engineering, advertising sales, and business development teams.
85 Broads, which operates an online community offering networking events for female executives and entrepreneurs, is being acquired by Bank of America’s former head of wealth management, Sallie Krawcheck. Terms were not disclosed.
U.K.-based Branded3 Search, an integrated digital agency that combines Web design and development with SEO specialists, was acquired for $16.4 million by St Ives (LSE:SIV), in a deal that values the company at 2.5x revenue and 6.1x EBITDA based on LTM financials as of January 31, 2013. Terms also include a $21.9 million earn out based on incremental financial performance through January 31, 2017.
U.K.-based ElisaDBI, a provider of enterprise marketing technology and Web data analytics solutions, was acquired by France-based Havas (ENXTPA:HAV), for an undisclosed amount. The announcement comes a month after Havas acquired SCB Partners, the marketing trends and insights business. ElisaDBI was launched in Barcelona and Madrid before opening offices in London, and has 27 members of staff.
EdgeSpring, an enterprise business intelligence and analytics startup, is emerging from stealth and announcing $11 million in Series A funding from Kleiner Perkins Caufield & Byers and Lightspeed Ventures. The EdgeSpring platform accelerates the building of analytics applications that parse business intelligence data such as sales, financials, and more.
mrm/workflow management, cloud computing
FileBound, a provider of cloud-based workflow automation and document management software solutions, has been acquired by Upland Software (fka PowerSteering Software), a portfolio company of Silverback Enterprise Group. FileBound provides an integrated workflow and document management system that can be deployed as a cloud-based service or implemented locally. At the heart of the FileBound solution are process automation tools that are simple to manage, allowing non-technical users to control rules, decisions, and work assignments. Terms of the deal were not disclosed.
StreamOnce, a provider of social business integration that enables sales teams to converse and communicate with email users all in one place, was acquired for $6.34 million by Jive Software (NasdaqGS:JIVE), which offers a social business software platform for businesses, government agencies, and other enterprises. StreamOnce transforms how teams collaborate by connecting current business systems into their social enterprise system.
Gist, which operates as a user experience design firm helping clients create and improve product interfaces, was acquired by TrueFit, a firm that helps entrepreneurial startups and enterprises bring new technology product ideas to market. Gist takes a comprehensive approach to user experience design for integrated software/hardware products, Web apps, and mobile apps. Terms were not disclosed.
China-based communications and event management company People Marketing, is being acquired by U.K.-based CMS Sport & Entertainment, the sports and entertainment division of Chime Communications (LSE:CHW). The company, which employs 25 people, specializes in communications consultancy, concept development, event and activation management, and public relations. Terms were not disclosed.
Titan Broadcast Management has sold its KUBE Baytown and KTNC Concord television broadcasting stations to another television broadcasting service provider, NRJ TV, for a total of $32.5 million. The purchase price is comprised of $19 million for the acquisition of KUBE Baytown and $13.5 million for KTNC Concord.
Preferred Voice (OTCPK:PRFV) was acquired in a reverse merger transaction, by Aly Energy Services. Terms were not disclosed. Preferred Voice provides digital signage solutions that utilize in-store touch screens and customizable interactive content design to engage customers while they are shopping in a mobile phone retail store. Preferred Voice issued its 68 million shares to Aly Energy’s stockholders, representing approximately 92 percent of the outstanding common stock.
Payment technology startup Marqeta, which offers an online-to-offline commerce and payments platform, raised $14 million in Series B funding from Greylock IL (an affiliate of Greylock Partners), Granite Ventures, Commerce Ventures, and other undisclosed angel and strategic investors. Using Marqeta’s +M Platform, retailers have offered and managed gift cards, loyalty rewards, charitable giving, and other promotions and discounts, without adding excessive hardware at the point of sale.
BitPay, a startup with ambitions to become the PayPal for bitcoin, has raised another $2 million from Founders Fund and Heisenberg Capital. This follows the company’s first financing round in which BitPay raised $0.5 million in January. BitPay’s payment solutions specialize in the peer-to-peer virtual currency Bitcoin, which provides for instantaneous transactions from anywhere in the world.
Vend, which provides Web-based point-of-sale software for retailers to process sales, track inventory, and manage customers, raised $6.57 million in a second equity round of funding from new investors Milford Active Growth Fund, Milford Asset Management, and Point Nine Capital.
France-based BonitaSoft, a maker of business process management software, has raised $13 million in Series C funding to help companies manage smaller jobs. The open-source software developer sells its product to mid-sized companies that need software to manage internal processes such as invoice processing and bringing in new employees. French National Fund for Digital Society, a government-sponsored initiative to invest in France-based global businesses, led the round, with participation from existing investors Auriga Partners, Serena Capital, and Ventech. The company has now raised $28 million.
Apptio, a company focused on helping chief information officers get a deep understanding of their technology investments, raised $45 million in Series E funding led by Janus Capital, Hillman, and a third unnamed party. Existing investors Andreessen Horowitz, Greylock Partners, Madrona Venture Group, and Shasta Ventures also participated, as did a few accounts managed by investment firm T. Rowe Price. Cisco Systems is also an investor. The round brings Apptio ‘s total capital raised to $136 million. Its last reported implied valuation was approximately $600 million.
SyncDog, a mobile security company offering a number of risk management solutions to enterprises, has been acquired by IntegriCell, which provides advisory and technology integration services for risk management of mobile technologies for organizations. Terms were not disclosed.
AirWatch, a developer of enterprise software for managing mobile devices, has added $25 million to its recent $200 million Series A funding with an additional investment from Accel Partners. This Series A is the first outside money raised by AirWatch, and values the company at just over $1 billion.
messaging & mediation
LittleInc (dba MessageMe), a provider of multimedia messaging application for mobile devices, has raised $10 million in funding, according to a regulatory filing. It previously was seeded by Greylock Partners, True Ventures, SV Angel, Resolut.vc, First Round Capital, and Andreessen Horowitz.
Acacia Communications, a provider of intelligent subsystems for ultra high speed fiber optic transmission for local, metro, long-haul, and ultra-long haul applications, has raised $20 million in funding led by Summit Partners, with participation from existing investors Commonwealth Capital Ventures, Egan-Managed Capital, and Matrix Partners.
Information & Business Services
Vince and Associates Clinical Research, a provider of clinical trial recruitment solutions, was acquired by Canada-based Altasciences Group, a clinical contract research organization, from Gryphon Partners. No financial terms were disclosed. Altasciences shareholders include BMO Capital Partners and Kilmer Capital Partners.
Tactex F1 Private Equity Fund has sponsored a management buyout of Tick Data, a provider of historical intraday time series data for the equities, options, and futures markets, from Penson Worldwide. No financial terms were disclosed.
Cogent Research, a market research and strategic consulting firm that specializes in the wealth management industry, has been acquired by Market Strategies, which also operates as a market research and consulting firm offering brand, communications, customer experience, product development, market segmentation, and user experience research. Cogent Research’s services include custom research services, loyalty driver analysis and customer retention models, product road maps, and leakage modeling and asset gathering strategies. Terms of the deal were not disclosed.