Daily Deal Activity 06/12/13

Digital Media/Commerce


ChowNow, an online food ordering startup, has added $2 million to its Series A funding round. Series A lead investor GRP Partners and other existing investors were joined in the extension by newcomer Kensington Capital. The company has now raised $5 million in Series A funding.


CustomMade Ventures, which offers a marketplace connecting makers of goods such as furniture and jewelry with buyers who are looking for customs items, has raised $18 million in funding from Atlas Venture, First Round Capital, Google Ventures, Launch Capital, NextView Ventures, and Schooner Capital.


Online women’s clothing consignment shop Bib + Tuck, has raised $0.6 million in seed funding from angel investors. The service, first launched in November 2012, attempts to bridge the gap between high-end luxury marketplaces and those that appeal to “fast fashion” consumers such as Poshmark or Threadflip.

mobile content/apps

GhostBird Software, the creators of advanced iOS photography apps, KitCam and PhotoForge2, has been acquired by Yahoo (NasdaqGS:YHOO), for an undisclosed amount.

Digital Advertising

digital promotion/coupon

ID90T, a company offering an online airline-employee travel services platform that enables airline employees to search and book discounted flights, hotels, and car rentals, has raised $3 million in Series B funding from Gerbara Capital and Mexico Ventures. The company operates a blended business model, charging some airlines on a monthly SaaS basis and others as a percentage of total booking.

online lead generation

N2O Interactive, which offers a pay per lead platform that connects buyers and sellers in variety of industries, has been acquired for an undisclosed amount by ReviMedia, an online lead generation company engaged in developing and executing direct response and performance marketing campaigns for the insurance industry. The acquisition includes N2O Marketing’s website properties, including www.NitroQuotes.com and www.medicalalertquotes.com, which ReviMedia will continue to build-out and integrate into its lead exchange platform.

online lead generation

MaxTradeIn.com, which provides a service for online car sales and trade-ins, has raised $1.2 million in seed funding led by Elevate Ventures. The company enables car owners to trade in or sell their vehicle for the highest price or best value, while providing franchise dealerships with leads and long-term customer relationship opportunities.

search marketing

Local Incite, a local search marketing group specializing in services that help multi-location companies and franchises improve their branch office or store presence in search engines, local directories, mapping, and social-mobile discovery, has been acquired by Universal Business Listing, for an undisclosed amount.

Marketing Technology


Bitdeli, a two-person startup offering a platform for custom analytics, allowing businesses to build their own dashboards and visualizations with the specific data, has been acquired by retargeting company AdRoll. Bitdeli serves 700 developers and small and medium businesses, while AdRoll works with 6,000 advertisers globally. Terms were not disclosed.

bi tools

Canada-based Angoss Software (TSXV:ANC), a provider of data mining and predictive analytics software and solutions, is being acquired for $8.5 million, or $0.525 per share, by Peterson Partners. The company’s solutions include tools used for data analysis and modeling; and Web-based task automation, collaboration, and model management tools used to develop template-based pre-packaged predictive analytics applications. Based on LTM financials as of Feb 28, 2013, the transaction values the company at 1.5x revenue.

bi tools, big data

StreamBase Systems, a provider of analytic solutions designed to manage the real-time processing of data streams, has been acquired by infrastructure software company Tibco Software (NasdaqGS:TIBX), which offers solutions for companies to use on-premise or as part of cloud computing environments. Together, the companies enable big data to be processed in real time to provide an event-based alternative to batch-centric big data architectures. Prior to the acquisition, StreamBase had raised at least $31 million from backers including Accel Partners, Bessemer Venture Partners, Highland Capital Partners, and In-Q-Tel.

market research software

Brainyak, which builds and deploys real-time applications that provide access to a brand’s audience for research purposes, has raised $4 million in Series B funding from Grotech Ventures, Village Ventures, and Highway 12 Ventures.

media management system

Israel-based Idomoo, a provider of solutions that enable companies to make videos with personalized portions aimed at individual customers, has raised $9 million in its first venture round of funding from Carmel Ventures, Globespan Capital Partners, and Norwest Venture Partners. Idomoo provides customers the tools to make a template video, services for integrating customer relationship management data into the videos, and then distributing them via email or other channels.

social technology

Sensemetric Web & Social Media Mining, which has developed a social media mining tool, was acquired by Germany-based market research company GfK (XTRA:GFK). Originally formed as a joint venture between the online/social media, PR, and market research divisions of the Radix Group and online and IT specialist a-linea, Sensemetric’s web crawling and crowdsourcing technology will be integrated into GfK’s new Social Media Intelligence Center. Terms of the deals were not disclosed.

social technology

Dataminr, a provider of real-time social media analytics for the financial and government markets, has raised $30 million in Series C funding co-led by Venrock and Institutional Venture Partners. This brings the company’s total investments to over $46 million. The company partners with Twitter and uses algorithms to rapidly identify Tweets that appear to be credible and newsworthy.

Agency & Marketing Services

digital agency

Canada-based Internet marketing companies Convurgency and 9th sphere, have merged to form a new digital agency in Toronto. Both organizations will operate under the new corporation name, 9thCO. Terms were not disclosed.

 Traditional Media


Pandora Media (NYSE: P) has acquired KXMZ-FM, a terrestrial radio station in Grand Rapids, S.D. No financial terms were disclosed.

Technology & Communications

cloud computing

FireHost, a provider of cloud computing solutions that emphasize security, has raised $12 million in Series D funding led by family office Stephens Group. The company was founded as a secure Web hosting business and two years ago transitioned all its business into cloud computing. In 2012 the company recorded $10 million in sales, and now has a $20 million run rate for 2013. The funding round brings Firehost’s total investments to $34 million.

cloud storage

SageCloud, a provider of cold storage technologies, has raised $10 million in Series B funding. Braemar Energy Ventures led the round, and was joined by return backer Matrix Partners. The company is working to develop solutions that will help companies store massive data sets on-premise so it can be used for daily analytics.


nCino, a company offering cloud-based bank operating solutions to the financial services industry, has raised $9 million Series A funding from a group of private investors. The company’s integrated banking solution helps bankers drive increased profitability, productivity gains, regulatory compliance, and operating transparency at various organizational levels and across various lines of business.


WorldDesk, a desktop virtualization startup with offices in Ireland and Silicon Valley, has raised $1.25 million in funding from Lough Shore Investments and others.


application management

BBA, which offers solutions that provide support for companies and teams in using Web applications, has raised an undisclosed amount of financing from FundersClub. The company’s tool enables users to share access to applications without sharing passwords, create accounts from one place, add users to groups, remove access with one click, track shared and individual accounts, and log in to applications without typing usernames and passwords.


Mercatus, a provider of software for the energy project finance industry, has raised a Series A funding of more than $2 million led by Vision Ridge Partners, with participation from Augment Ventures and Shah Capital. The company’s software enables developers and investors to assess, appraise, and syndicate energy project portfolios. It produces the energy industry equivalent of a FICO credit score.


ALLiGAcom, a supply chain management solution provider with a cloud-based EDI integration environment for ERP platforms and business applications, has been acquired by DiCentral, a supply chain management solutions and B-to-B integration company. Terms were not disclosed.


TherapyEdge has announced the acquisition of all the assets of Evivar Medical. This includes Evivar’s Hepatitis B and C virus Web-based decision support tools for clinicians and the associated viral genome analysis systems, intellectual property portfolio and all related commercial arrangements and operations. Terms were not disclosed.


HR Services, which provides human resources software for businesses, has been acquired for an undisclosed amount by Paychex (NasdaqGS:PAYX), a payroll, human resource, and benefits outsourcing solutions provider serving small to medium-sized businesses. The purchase help Paychex improve its applicant tracking and recruiting services solution. Terms were not disclosed.


TimeManagement, a technology provider with solutions that streamline workforce management environments for hospitality operators, was acquired by Agilysys, a provider of innovative information technology and hospitality software, services, and solutions. Terms were not disclosed.


TalentWise, a provider of hiring process management solutions, has raised $25 million in growth equity funding from an undisclosed Seattle-based private equity investor group. The company’s cloud-based software solution, TalentWise Hire, automates entire hiring process including offer letters, background checks and drug screening, E-Verify, new hire forms and I-9s, and more.


Namely, a provider of a cloud-based talent management platform for media, advertising, and technology industries, has raised $3.35 million in Series A funding led by True Ventures and includes seed investors Lerer Ventures and Bullpen Capital, along with Buddy Media founder and now Salesforce.com executive Mike Lazerow and VaynerMedia co-founders Gary and AJ Vaynerchuk. The company has now raised approximately $5.1 million.


LPI Level Platforms, a provider of a remote monitoring and management software and services platform used by IT service providers to deliver comprehensive IT support to small and midsized businesses, has been acquired by AVG Technologies (NYSE:AVG), which offers Internet and mobile security, privacy, and optimization solutions. Terms were not disclosed. AVG expects $5 million of subscription revenue related to the deal in the second half 2013.


Advanced Productivity Software, a company offering time tracking and management, usage tracking, and cost recovery software for law firms, has been acquired by IntApp, which provides time capture, confidentiality management, and application integration software primarily for law firms. Terms were not disclosed.


Content Raven, a developer of content-security software, has secured more than $2 million in Series A funding led by Mass Ventures, with partnership from MassDevelopment’s Emerging Technology Fund. The round was joined by Angel Investor Forum, Beta Fund, eCoast Angel Network, Hub Angels Investment Group, LaunchPad, SideCar Angels and individual investors. The company’s product is used in areas including health care, investment, and municipal government.

Information & Business Services


The Outsource Group, a national leader in healthcare revenue cycle management, has been acquired by Parallong, a provider of business and operational services to the healthcare industry. The deal is expected to help Parallon in its quest to built out a full suite of outsourced business process offerings to hospitals, physicians practices and other health care-related businesses. Terms were not disclosed.


Vodafone (LSE: VOD) has approached German cable operator Kabel Deutschland (DB: KD8) about an acquisition that could be valued at more than €7 billion, according to Reuters.

About Petsky Prunier
Petsky Prunier is one of the leading investment banks to the technology, media, marketing, eCommerce, and healthcare industries. Our firm's merger and acquisition and private placement 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. We offer global reach supplemented through our partnerships in China and India. Securities transactions are processed through Petsky Prunier Securities LLC, a member of FINRA, and an affiliated entity.

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