Daily Deal Activity 12/31/12
January 22, 2013 Leave a comment
Travis Software, a provider of employee health and benefits administration software, was acquired by Constellation Software (TSX:CSU), to be integrated with its wholly-owned division Volaris Group. The acquisition is Volaris’ first investment in the Benefits Administration vertical market. Terms of the deal were not disclosed.
Jasper Wireless, which operates a connected device platform for machine-to-machine and consumer electronics, raised $40 million in fifth-round funding, according to a regulatory filing. The company previously raised over $66 million from Benchmark Capital, Sequoia Capital, DAG Ventures, AllianceBernstein, Bridgescale Partners, Integral Capital Partners, and Crescendo Ventures.
The Fancy, an online style curator, raised $6 million in new equity funding, according to a regulatory filing. The company previously announced a $26 million round in October, before which it had raised around $18 million. Backers include PPR, General Catalyst Partners and Allen & Company.
Cheezburger Network, a finder, creator, and distributor of Internet memes, has raised $5 million in new venture capital funding from undisclosed investors. Existing backers include Foundry Group, Madrona Venture Group and Avalon Ventures.
Zorch International, a provider of brand promotion services and warehousing and distribution services, raised $4.7 million from existing investor Bridge Street Capital Partners. The Zorch model connects its customers and suppliers through a technology portal that serves to shorten and simplify the supply chain, resulting in lower costs and an improved purchasing experience for its customers.
Venga, which offers a guest management system for restaurants that leverages transaction data, raised an undisclosed amount of Series A funding from BR Venture Fund, the student-run venture capital fund at Cornell University’s Johnson School of Management.