Daily Deal Activity 01/14/14

Digital Media/Commerce

ecommerce

Aha Go!, a company that operates an online Web portal for home exchange and a vacation rental marketplace, was acquired by HomeExchange.com, an online home exchange travel company. Terms were not disclosed.

ecommerce, mobile content/apps

E-reading startup Oyster, which develops an application that allows members to access a library of books, has raised $14 million in funding led by Highland Capital Partners, with participation from Founders Fund. The company’s services allow customers to access more than 100,000 books for $10 a month. The investment brings the company’s funding to a total of $17 million.

ecommerce

Zachary Prell, a contemporary sportswear brand for men, has raised $15 million in funding led by TAL Group. The funding will be used to accelerate expansion of the brand, its operational infrastructure, and its eCommerce platform.

mobile content/apps

Open Home, a company that allows realtors to run their open houses via the iPad and collect leads, was acquired by real estate search site HomeFinder.com. The application becomes HomeFinder’s first mobile application targeting realtors. Terms were not disclosed.

niche content

Broadcast Engineering Magazine, a publication that provides engineers and technicians coverage of the video, broadcast, production, telecommunications and cable technology industries, has sold the company’s assets to NewBay Media from Penton Media. The acquisition will introduce a new audience to the NewBay Media brand. NewBay will combine broadcastengineering.com and tvtechnology.com into a single-source web-based resource. Terms of the deal were not disclosed.

social media/apps, mobile content/apps

Path, a private social networking company, has raised $25 million in Series C funding led by Bakrie Global Group, Kleiner Perkins Caufield & Byers, Index Ventures, Greylock Partners, Insight Venture Partners, Redpoint Ventures, and First Round Capital. The capital raised will be used to fuel the growth of the community and to develop their revenue strategy. The investment brings the company’s total funding to $68 million.

Digital Advertising

local search

Porch, which provides a recommendation engine for home improvement professionals, has raised an undisclosed amount of funding from Lowe’s (NYSE:LOW).

mobile marketing

GetOne Rewards, a company that develops software and mobile application for retail sectors providing mobile communication and mobile marketing, has raised $2.5 million in funding led by Fulcrum Growth Funds and Milestone Venture Partners, with participation from Atlanta Technology Angels and private investors.

online lead generation

AutoUSA, a provider of online new and used automotive sales lead generation and financing pre-qualification services for dealerships and consumers, was acquired by Autobytel, a company offering online automobile purchasing advice, data, and price quotes for consumers for $12 million.

Marketing Technology

content management

Amplexor, a Belgium-based provider of content management solutions, was acquired by Euroscript International, a provider of content lifecycle management solutions. Terms were not disclosed.

sem/seo tools

Visual.ly (fka GraphCast), an owner and operator of an online platform that enables to explore and share Web-based infographics and data visualizations, has raised $8 million in funding led by Crosslink Ventures, with participation from 500 Startups, Correlation Ventures, Giza Ventures, Kapor Capital, Quest Ventures, SoftTechVC.

social technology

Main Street Hub, a company offering social media management services to small businesses, has raised $14 million in Series B funding led by Bessemer Venture Partners, with participation from Harrison Metal Capital. The investment will be used to further develop the company’s technology and content operations, and to expand its sales presence in Austin, San Francisco, New York, and Los Angeles. With this round, Main Street Hub has raised more than $20 million in financing to date.

teleservices/eservices

Invoca (fka RingRevenue), which provides cloud-based call performance and marketing solutions, received $20 million in Series C funding led by Accel Partners, with participation from Upfront Ventures and Rincon Venture Partners. The company offers pay-per-call, call tracking, click-to-call, call analytics, and search keyword call services for advertisers and publishers. The investment brings the company’s total funding to $31 million.

Agency & Marketing Services

social agency

Sway Group, a management agency for bloggers and social media influencers, has acquired Massive Sway, SITS Girls, and the Bloggy Boot Camp. Massive Sway is a 50,000 network of diverse female publishers that span all parts of the country, and it was previously a joint venture between Sway Group and The SITS Girls, a blogging community. Sway Group’s assets now include both organizations, as well as Bloggy Boot Camp, a conference series for women in social media. Terms were not disclosed.

Traditional Media

entertainment media

Media player Winamp and Internet radio platform Shoutcast, were acquired by Radionomy, which provides a platform for radio producers and broadcasters, from AOL (NYSE:AOL). Terms were not disclosed.

Technology & Communications

communications software

Unicom Techlabs, an India-based company providing communications and voice technology, was acquired by Knowlarity Communications, a developer and operator of a distributed cloud telephony platform. Terms were not disclosed.

data center technology, cloud storage

Elastifile, an Israel-based storage startup focused on reducing the cost and improving performance of large data centers and private clouds, has raised $8 million in funding led by Battery Ventures and Lightspeed Venture Partners.

virtualization technology, cloud computing technology

Nutanix, a provider of infrastructure technology for cloud computing and virtualization that combines computing and storage in a single appliance, has raised $101 million in Series D funding co-led by Riverwood Capital and SAP Ventures, with participation from Morgan Stanely Expansion Capital, Greenspring Associates, Light Speed Venture Partners, Khosla Ventures, and Battery Ventures. The investment brings the company’s total funding to $172.2 million, at a reported valuation of $1 billion. The funding will be used to broaden its analytic capabilities.

Software

collabortation software

Intellinote, a provider of workforce operations management software for collaborative workflows, has raised $4.3 million in funding co-led by Grotech Ventures and Boulder Ventures. The capital raised will be used for the hiring process, enhance the company’s product, and strengthen sales and marketing.

erp software

EGS Group, a UK-based company that provides spend management solutions for the public sector and enterprises in the UK, was acquired by Proactis Group, which offers Web-based employee expense management software-as-service to enterprises and government markets for $4.8 million cash.

financial software

Chrome River, a provider of expense management and supplier invoice processing software, has raised $17 million in funding led by Bain Capital Ventures, with participation from First Analysis and Argentum. The capital raised will enable the company to expand its services globally. The company has raised a total of $20 million in funding.

financial software

Strategic AR Solutions, which provides private-pay billing and collection solutions, was acquired by    Brightree, a provider of billing and business management for home medical equipment providers. Terms were not disclosed.

healthcare software, web conferencing software

Kadrige, a provider of Web conferencing SaaS for pharmaceutical sales and healthcare providers, was acquired by Cegedim Relationship Management, which offers CRM and salesforce optimization to the life science industry.  Terms were not disclosed.

Information & Business Services

financial information

ThinkFolio, a company that provides order management, portfolio modeling, and cash management technology, was acquired by financial information services firm Markit. The acquisition expands Markit’s technology offerings, which provides their customers with source order management and portfolio management software as well as enterprise data management, transaction cost analysis and risk analytics, all from a single provider. Terms were not disclosed

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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