Daily Deal Activity 08/15/13

Digital Media/Commerce

ecommerce

Blue Apron, a fresh food and dinner recipe subscription service, has raised $5 million in Series B funding led by Bessemer Venture Partners, with participation from return backer First Round Capital. The company has raised $8 million in funding to date.

mobile content/apps

Red Stamp, a social commerce company best known for its mobile greeting cards app, has been acquired by Taylor Corporation affiliate The Occasions Group. The Red Stamp website, app, and branding will remain following the deal. Terms were not disclosed.

Digital Advertising

ad networks/exchanges

Glam Media, a leading women-focused online advertising networks, has raised an additional $25 million in funding . The company has also filed for an IPO using the provision in the JOBS act. The funding round was led by Keating Capital along with the participation of Hubert Burda Media, bringing the company’s total investments to nearly $180 million.

digital video

Tastemade, an online video food network, has raised $10 million in second-round funding led by Raine Ventures, with participation from Redpoint Ventures. The Tastemade audience has grown to over 12 million unique visitors across 200+ countries with over a dozen languages across multiple networks and devices.

mobile marketing

UK-based 4th Screen Advertising, which operates an advertising network that enables mobile publishers to monetize their properties and brands to reach mobile consumers, has raised $0.6 million in funding from Angel CoFund, Rivers Capital Partners, and Tweed Renaissance Investors Capital. This expands the $0.4 million the company received from two of those investors, Rivers Capital and TRI Capital, earlier this year.

mobile marketing, digital video

Vungle, which helps mobile application developers promote and monetize their apps through in-app video trailers, has raised $6.5 million in Series A funding from Crosslink Capital, with participation from Google Ventures, AOL Ventures, 500 Startups, SV Angel, and individual investors. This brings Vungle’s total funding to $8.5 million.

Marketing Technology

mobile technology

KinderTown, a startup whose app store for parents points users to the top educational apps for children, has been acquired by Demme Learning, a publisher of educational materials, including Math-U-See, a K-12 math curriculum for parents and schools. Terms of the deal are not being disclosed.

mobile technology

Apsalar, a mobile advertising and analytics company, has raised $9 million in Series B funding led by DCM, with participation from Correlation Ventures and return backers Thomvest Ventures and DN Capital.

Software

data management

Seismic, a provider of a document platform for real-time enterprise content management, has raised $4.5 million in Series A funding led by Sigma West. VentureWire reports that the deal was done at a $15 million valuation.

erp software

Niceware, a provider of professional barcode label design software that helps companies comply with industry compliance label standards, was acquired by Slovania-based NiceLabel, which develops software in the automatic identification data capture industry that include label design, control, automation, and integration tools, as well as developing Windows drivers for thermal printers. Terms were not disclosed.

erp software

proALPHA group, a provider of ERP software solutions and matching services for medium-sized enterprises, has sold a majority stake to Bregal Capital for an undisclosed amount.

financial

BlackLine Systems, a financial software provider designed to automate and control the entire financial close process, has agreed to sell a majority equity stake to Silver Lake. Terms were not disclosed.

security

Trusteer, a provider of software that helps protect organizations against financial fraud and advanced security threats, is being acquired by IBM (NYSE: IBM). No financial terms were disclosed, although an Israeli press report reports a price between $800 million and $1 billion. Trusteer had raised approximately $10 million in venture capital funding led by U.S. Venture Partners.

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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