Daily Deal Activity 09/16/13

Digital Media/Commerce

classifieds/auctions/p-to-p

Netherlands-based Withlocals, a peer-to-peer marketplace for locals to offer travelers various experiences such as tours, home dining, and other local activities, has raised $0.5 million in funding from startup builder and backer Greenhouse Group. The startup will use the investment to launch out of beta this fall and target Southeast Asia — a move it says differentiates itself from U.S. competitor Vayable.

ecommerce

Japan-based Rakuten (JASDAQ:4755) has acquired the remaining 49 percent stake in Indonesia-based PT. Rakuten-MNC, which operates an online shopping website, from PT Media Nusantara Citra (JKSE:MNCN). Terms were not disclosed. Rakuten now controls 100 percent of the company.

ecommerce

Zipments, which operates a marketplace for same-day deliveries, has raised $2.25 million in seed funding co-led by FirstMark Capital and Huron River Ventures, with participation from The Windquest Group, New York City Economic Development Corp., Chicago Ventures, and individual angels.

social media/apps, niche content

Upworthy, a viral social news site founded by former staffers at MoveOn.org and The Onion, has raised $8 million in Series A funding led by Spark Capital, with participation from Catamount Ventures, Uprising, and The Knight Foundation.

social media/apps

PushPage, a personal homepage platform that offers users an online presence where they can publicize their likes and interests through a series of interview-like questions, has raised $1.7 million in seed funding from a group of individual investors. The founders see PushPage as a way for celebrities and other notable people to reach out to their fans and a means for members in closed communities to get to know each other better.

Marketing Technology

media management software

Germany-based Camfoo, which offers a solution for managing cloud-based media streaming, has been acquired by media server software company Wowza Media, which delivers infrastructure for live video, video-on-demand, live recording, and video chat. Terms of the deal were not disclosed.

Technology & Communications

financial technology

Portfolio Director, a supplier of investment management technology products, was acquired by Scivantage, a financial technology provider with proven expertise in online brokerage, tax, and portfolio reporting and wealth management applications, from Scottrade Financial Services. Terms were not disclosed.

nfc & bluetooth-based technology

Bump Technologies, which develops and builds mobile applications that allow smartphones to transfer data by tapping the phones together, has been acquired by Google (NasdaqGS:GOOG) for an undisclosed amount. The company previously raised $20 million through three rounds funding from Andreessen Horowitz, Felicis Ventures, Sequoia Capital, Sherpalo Ventures, SV Angel, and Y Combinator.

Software

collaboration

Mindjet, which provides collaborative work management solutions that improve work productivity of individuals, small businesses, and Fortune 1000 companies, has been acquired by Spigit, a company offering crowd innovation solutions including SpigitEngage, an enterprise platform for internal innovation communities; and SpigitEngage for Facebook, which enables organizations to engage their customers in social co-creation by tapping customer insights through idea generation. Terms were not disclosed.

collaboration

Convo.com, a provider of cloud-based collaboration solutions, has raised $5 million in Series A funding from Morgenthaler Ventures. The company’s software helps teams share knowledge and content with each other and communicate effectively and in real-time over that content.

healthcare

Y-Prime, a provider of software and professional services to manage global clinical trials, has raised $5 million in funding from Ballast Point Ventures. Y-Prime’s software enables collaboration to increase rates of hitting targets on time and budget. It is ideal for conducting “adaptive trials,” a method of running clinical trials that allows for immediate changes during a trial.

security

MobileIron, a provider of mobile IT security and management solutions for apps, content, and devices, has raised $47.5 million in Series F funding, according to a regulatory filing. Past backers have included Institutional Venture Partners, Foundation Capital, Norwest Venture Partners, Sequoia Capital, and Storm Ventures. The company previously raised nearly $100 million.

security

Okta, a provider of identity management services for the enterprise, has raised $27 million in Series D funding led by Sequoia Capital, with participation from return backers Andreessen Horowitz, Greylock Partners, and Khosla Ventures.

Information & Business Services

it consulting/systems integration

Australia-based Camelon IT, a strategic IT consultancy services company, has been acquired by Australia-based Vita Group, a retailer of electronics and telecommunications equipment, for $4.6 million (1x LTM revenue).

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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