Daily Deal Activity 08/13/13

Digital Media/Commerce

ecommerce

eShares, which operates as a transfer agent that converts paper stock certificates into electronic ones, has raised $1.8 million in funding from a group of investors that include Draper VC, Expansion VC, k9 Ventures, Elefund, Subtraction Capital, Scott Banister, XG Ventures, Kima Ventures, Andy Palmer, and Structure Capital.

mobile content/apps, mobile technology

Fitness technology startup Fitbit, which makes a wide range of digital fitness trackers and health devices, has closed a $43 million funding round, according to an SEC filing. The company plans on using the funding to release new products and grow its global footprint. Fitbit has raised $55 million in funding to date.

Digital Advertising

digital promotion/coupons, mobile content/apps

Mobile social gifting app Plumfare, is being acquired by Groupon (NasdqGS:GRPN). Plumfare, which launched in 2012, prompts restaurant goers to photograph a drink or food item and then send it to a friend as a gift to be redeemed later. The company takes a portion of the transaction when the recipient redeems the gift.

digital video

The TV business of Digital Generation (NasdaqGS:DGIT), is being acquire for $485 million by Extreme Reach, a provider of integrated TV, online, and mobile advertising solutions. The deal is partially financed via a new $47 million equity investment from Spectrum Equity Investors, which previously had invested $51 million into Extreme Reach. Other Extreme Reach shareholders include Long River Ventures, Greycroft Partners, and Village Ventures.

local search

Sosh, which operates an activity concierge that serves up local activities, has raised a $10.1 million Series B round led by Khosla Ventures.

mobile marketing

Mobile ad network JumpTap, which offers data-driven, targeted advertising, is being acquired in a stock deal for at least $209 million by Millennial Media (NYSE:MM). Founded in 2005, JumpTap had raised $122 million in funding from investors including General Catalyst Partners, Summerhill Venture Partners, Redpoint Ventures, Valhalla Partners, and AllianceBernstein, as well as ad giant WPP (LSE:WPP). Jumptap reports $63.6 million in revenue for 2012 and adjusted profits of $22.8 million for the same period. The combined companies are expected to have revenue between $340 million and $350 million, with adjusted EBITDA somewhere between $1 million and a loss of $1 million.

online lead generation

StyleSeek, which offers an eCommerce recommendation service for lifestyle products, has raised $0.75 million in pre-Series A funding from unnamed investors. The company previously raised $1 million.

vertical search, local search, mobile content/apps

Woofound, a company developing Web and mobile applications based on its personality testing API and online recommendations, has raised $2 million in funding led by Maryland Technology Development Corporation, in collaboration with the Abell Foundation and the France-Merrick Foundation, and joined by Heritage Capital, with angel investors. The company has raised approximately $4.2 million in funding to date.

Marketing Technology

bi tools, big data technology

Looker, a big data and business intelligence startup, has raised $16 million in Series A funding led by Redpoint Ventures, with participation from seed backer First Round Capital. The company’s Web-based product makes it easy for its clients to use by giving them the ability to query live data. Including the new funds, Looker has raised $18 million to date.

search & discovery

Mobile Technologies, a company focused on speech recognition and machine translation technology, has been acquired by Facebook (NasdaqGS:FBOOK). Terms of the deal were not disclosed, but some members of the startup will join Facebook’s Menlo Park headquarters as a result of the deal.

Technology & Communications

data storage technology

Everspin, which makes magnetoresistive access memory semiconductors, or MRAM, has raised $15 million in Series B funding from existing investors New Venture Partners, Sigma Partners, Lux Capital, Draper Fisher Jurvetson, and Epic Ventures. Those same investors provided the company with $20 million in Series A funding five years ago when it spun out from its parent company Freescale Semiconductor.

networking equipment, infrastructure technology

Freedom Dark Fiber Networks, a provider of high-capacity dark fiber and interconnection infrastructure to deliver enhanced broadband performance, has been acquired by Wilcon, a fiber optic and data center infrastructure company. No financial terms were disclosed.

enterprise mobility

Netherlands-based VeliQ, a provider of enterprise mobility solutions, has raised $9 million in Series B funding led by Northcap, with participation from return backer T-Venture.

enterprise mobility

Catavolt, a provider of a cloud middleware enterprise mobility platform, has raised $5 million in Series B funding led by Toba Capital, with participation from return backer FCA Venture Partners.

Software

healthcare

Change Healthcare, a provider of healthcare consumer engagement and cost transparency solutions, has raised $15 million in funding led by HLM Venture Partners, with participation from Noro-Moseley Partners and return backers BlueCross BlueShield Venture Partners, Sandbox Industries, Mitsui & Co., Gary and Mary West Health Investment Fund, and Solidus Co.

infrastructure software

CloudPhysics, a provider of operations management solutions for virtualized workloads, has raised $10 million in Series B funding led by Kleiner Perkins Caufield & Byers, with participation from return backers including Mayfield Fund. The company has developed a service that pools IT data from its customers and analyzes it to provide businesses with tools that enable them to simulate how certain changes to one application or server will impact others.

security

Cyvera, an Israel-based provider of cyber defense solutions to stop zero-day attacks, has raised $11 million in funding led by Battery Ventures, with participation from existing investors Blumberg Capital and individuals. The company, which was founded in 2011, previously raised $2.1 million.

security

Arkami, a developer of a password management device, has raised $1.8 million in Series A funding from investors including Gordon Clemons, McNeel Capital, and Mark Swanson.

software development tools, application management

AnsibleWorks, which offers an IT orchestration engine that makes applications and systems easier to deploy, has raised $6 million in Series A funding led by Menlo Ventures. This brings the company’s total funding to $7 million, with a valuation close to $20 million. The new funding will be used to double the size of the company, from about 12 to 25 people.

software development tools, application management

Cisimple, a provider of integration technology for mobile app developers, has been acquired by Appurify, which offers a testing service for mobile apps. Cisimple, which was founded in 2012, plans to discontinue its hosted service in September. Terms were not disclosed.

Information & Business Services

engineering/scientific/tech information

UK-based scientific and technical publishing company Woodhead Publishing, was acquired by Reed Elsevier (ENXTAM:REN), for an undisclosed amount. The company offers publications in the areas of food science, technology, and nutrition; materials engineering; welding and metallurgy; textile technology; environmental management; and finance, commodities, and investment.

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.

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