Daily Deal Activity 07/17/12


Socialcam, which offers a mobile app for recording and sharing videos, was acquired for $60 million by Autodesk, a leader in 3D design software for manufacturing, building, construction, engineering, and entertainment. The deal allows the four-person company to continue developing its product with more working capital and corporate backing to accelerate growth. Following the acquisition, Viddy will likely be the largest independent mobile video sharing app.

TiVo (NasdaqGS: TIVO) has agreed to acquire television audience measurement and analytics software company TRA, whose metrics make it possible for advertisers to tell which networks are most effective at selling certain products, for $20 million. TRA had raised over $30 million in venture capital funding from Kodiak Venture Partners, WPP (LSE:WPP), Arbitron, and Intel Capital.

The Wholesale Applications Community (WAC) has sold its initiative’s technology assets to Apigee, which will use the tools to deliver unified network API services for operators, as well as a cross-media mobile app development platform. WAC was started in 2010 with the goal of helping operators deploy cross-platform apps stores. To that end, WAC provided a single platform for the development of HTML5 and native Android apps and widgets. Financial terms of the deal were not disclosed.

Charter Facility Services, a facilities management acquisition platform sponsored by Charterhouse Group, has acquired Empire Facilities Management Group and A-OK Security and Maintenance. No financial terms were disclosed.


Totsy, a flash sales site for mothers, raised $18.5 million in Series B funding from previous investors Rho Ventures and DFJ Gotham. The company, which was founded in 2009, had raised $5 million in Series A funding. Totsy now has a team of over 110 employees that serve more than 3 million moms.

Egnyte, a provider of cloud and hybrid cloud file sharing solutions for businesses, raised $16 million in Series C funding. Google Ventures led the round, and was joined by return backers Kleiner Perkins Caufield & Byers and Polaris Venture Partners. The company reported plans to raise more money to acquire companies, since it’s operating in a crowded space. Egnyte expects to be profitable by 4Q12, and reach $100 million in revenue by 2014.

Social CRM platform company Dynamic Signal, raised $13.3 million in Series B funding led by Venrock, with participation from Time Warner Investments and previous funders Trinity Ventures and Cox Enterprises. The company’s white-label community management platform helps brands find and recruit online fans, and provides tools to enable word-of-mouth marketing.

Basho, the company behind the open source NoSQL database Riak and the proprietary cloud storage system Riak CS, raised $11.5 million in Series F funding from Georgetown Partners and IDC Frontier. Basho competes with other NoSQL providers, such as DataStax, which offers support and tools for Apache Cassandra, another open source database based on Dynamo.

Kiip, which operates as a mobile rewards network for virtual achievements, raised $11 million in Series B funding led by Relay Ventures, with participation from return backers Hummer Winblad Venture Partners and True Ventures. Kiip is focused on the mobile advertising market, an opportunity that research group Gartner expects to grow from $1.8 billion in 2011 to $13.5 billion in 2015.

India-based online clothing retailer FREECULTR, raised $9 million in funding from Russian venture capital firm ru-Net and Sequoia. This brings the company’s total funding to $13 million.

Loggly, which provides a cloud-based application intelligence platform that helps companies make sense of data from IT systems, raised $5.7 million in funding from Matrix Partners and existing investors Trinity Ventures and True Ventures. The round is an extension of its Series A financing, which now totals $10.4 million.

WellFX, which operates a social platform for the healthcare industry, raised $5 million in Series A funding from CMT Ventures. The funding will help the company refine and roll out its cloud-based social platform, which is aimed at getting healthcare consumers to engage with one another.

Coursera, an online video lectures and assessments company, raised $3.7 million in funding from undisclosed investors, bringing the company’s total investments to $22 million.

Tapingo, which provides a mobile payment service for college students, has raised $3.5 million in first-round funding from Carmel Ventures. The company’s service enables students to use their phones to order and pay for food and goods at merchants on and around college campuses, with payment options including PayPal and credit cards.

Tout’d, a startup offering a digital word-of-mouth social media platform and referral engine, raised $1.4 million in seed funding led by Warner Hill Angels. This round also included participation by the service’s founders and 25 third-party investors. The company plans to use this money to accelerate growth, enhance the user experience, and further develop the platform interface and functionality.

LogEntries, which has developed a real-time application log search solution that works across entire software stacks, raised $1.1 million in funding led by Polaris Venture Partners, RRE Ventures, and Frontline Ventures.


DreamWorks Animation is the lead bidder for movies and entertainment company Classic Media, which has a portfolio of kids, family, and pop culture entertainment brands, according to the NY Times. DreamWorks is offering $150 million for the company, which currently is owned by GTCR.

About Petsky Prunier
Petsky Prunier is one of the leading investment banks in the technology, media, marketing, eCommerce, and healthcare industries. Our firm's mergers and acquisitions and private placements advisory services reflect a unique blend of product specialization and industry expertise. Together with strategic consulting firm Winterberry Group, a Petsky Prunier company, our organization represents one of the largest industry-specific advisors providing strategic and transactional services. In addition, we offer international reach through our partnership with investment bank Altium, which operates from nine offices across Europe. Securities transactions are processed through Petsky Prunier Securities LLC, a member of FINRA and an affiliated entity.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: