Daily Deal Activity 08/16/13

Digital Media/Commerce


Spain-based Restorando, which offers online restaurant booking services for Latin-American restaurants, has raised $13.3 million in Series B funding led by Flybridge Capital Partners, with participation from earlier backers Emergence Capital Partners, Argentina-based Kaszek Ventures, Atomico, Storm Ventures, and Endeavor Catalyst.


Netherlands-based startup Gramble World, which operates a mobile social gaming and entertainment network that lets gamers nominate charities to receive a portion of their in-game payments and ad views, has closed another $2 million in seed funding, the third and final tranche, closing out its seed at $5 million. The funding came from Angaros Group and a private investor.

niche content

RivalHealth, which provides health and nutrition information online and through DVDs, has raised $3 million in funding led by new investor Fulcrum Equity Partners, with participation from existing investors and new investor WRD Capital.

niche content

Ante Diem (dba Sportsmanias), which provides a sports-news aggregation site, has raised $1 million from Mas Equity Partners. The company reportedly receives 500,000 unique monthly visitors to its website.

niche content

Singapore-based Luxe Nomad, which operates a travel site that provides information about hotels and resorts, has raised $0.7 million in funding from Innosight Capital. The round included participation from Zipan Enterprise Network and a private investor.

Digital Advertising

mobile marketing, mobile technology

Mutual Mobile, a mobile strategy and product development agency building technologies that allow for better communication and transactions across mobile devices and operating systems, has sold a minority stake to WPP (LSE:WPP). The purchase is in line with WPP’s goal of strengthening its digital media and mobile advertising capabilities. Mutual Mobile’s unaudited revenue as of Dec 31, 2012, was $25.7 million.

comparison shopping

ShopAdvisor has closed a $5 million investment round led by Pittco Capital Partners, with participation from Seavest Capital, Rationalwave Capital Partners, and private investors. The company, which originally launched as a Web and mobile app to help consumers find and save products online, has also added comparison-shopping opportunities for media sites, tablet apps, and print publications.

Marketing Technology

mobile technology, loyalty/retention

Punchh, a provider of mobile solutions for the restaurant industry, has raised $3 million in funding from Cervin Ventures, Green Span Ventures, VKRM, Sandhill Group, Garnett Ventures, and individual angels. This brings the total funding raised by Punchh to $4 million. The company’s mobile solutions deliver branded mobile apps for games, gift cards, loyalty, online ordering, payments, referrals, surveys, and marketing campaigns.

mrm/workflow management

DivvyHQ, which builds software that enables companies to plan and manage content, editorial teams, and production workflows, has raised an undisclosed amount of funding from Digital Sandbox KC and Dundee Venture Capital. The company offers its solutions to agencies, publishers, and media companies.

Traditional Media

digital place-based media

Digital signage advertising firm AdMedia Group, has been acquired for an undisclosed amount by W Technologies (OTCPK:WTCG). AdMedia is engaged in the digital advertising distribution market through the placement of its ad delivery systems in locations with high-traffic viewership, tested response recognition rates, and interaction with multiple advertisers.



CareCloud, a provider of Web-based medical practice management software and services, has added $9 million from Adams Street Partners to close its Series B round at $29 million. This brings CareCloud ‘s total funding to $55 million. The company last raised $20 million in a Series B round led by Tenaya Capital.


Cordys, a provider of Business Process Management (BPM) software, has been acquired for $33 million by enterprise information management software and solutions company Open Text (NasdaqGS:OTEX). The Cordys platform will enable OpenText to advance its cloud-based BPM and PaaS technologies, which due to the flexibility of systems development, are considered to be the fastest growing segment of the BPM market.


BlackLine, which offers a SaaS application to finance teams that replaces manual, error-prone, spreadsheet-based processes with tools that ensure automation, control, and visibility, has sold a majority stake to Silver Lake Sumeru. Terms were not disclosed.

Information & Business Services


Agero has sold its connective vehicle services division to Sirius XM Radio (NasdaqGS:SIRI), for $530 million. The purchase gives Sirius a provider of telematics services for vehicles that includes security, safety, and other technologies. According to Siuris, the combined entities will by providing more connected-vehicle services to more automotive manufacturers, including Acura, BMW, Honda, Hyundai, than any other provider.


Bracket, which operates as an outsourced services provider helping pharmaceutical sponsors and contract research organizations achieve more accurate outcomes in their clinical trials, has been acquired by Parthenon Capital Partners, from United BioSource. Bracket utilizes a number of proprietary clinical research solutions to manage clinical trials, including those that support subject screening, randomization, drug supply management, site management, and electronic patient reported outcomes.

credit/risk information

Compliance Week, a provider of governance, risk, and compliance information and events for public companies and large enterprises primarily in the U.S., has been acquired by Wilmington Group, a company providing information and training to professional business markets. The deal was reported at an enterprise value of $11 million, valuing Compliance Week at 2.4x revenue and 7.3x EBITDA.

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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