Daily Deal Activity 01/23/14

Digital Media/Commerce

Classifieds/auctions/p-to-p

1stdibs.com, which operates an online marketplace for decorative arts, has raised a reported $15 million in funding led by business-to-business marketplace Alibaba.com. The company previously raised around $102 million in funding.

classifieds/auctions/p-to-p

UK-based fashion website operator Lyst, has raised $14 million in Series B funding from Balderton Capital, DFJ Esprit, Accel Partner, and individual investors. The investment will enable the company to continue expanding their team. Over two rounds Lyst has raised a total of $19 million in funding.

ecommerce

India-based Brainbees Solutions, an eCommerce platform for kids, baby-care and maternity-care products, has raised $15 million in Series C funding led by Vertex Venture Holdings, SAIF Partners, and IDG Ventures India. This investment will be used to further strengthen operations and to continue expansion of the company’s platform.

mobile content/apps

Jelly Industries, a developer of mobile phone applications, has raised an undisclosed amount in funding led by Greylock Partners. The investment will be used to further develop its offerings.

Digital Advertising

digital video, niche content

NewsCred, an operator of a content marketing and syndication platform, has raised $25 million in Series C funding led by InterWest Partners, with participation from Mayfield Fund, First Mark Capital, IA Ventures, and GreyCroft Partners. The company will use the funding to double the size of the sales team and expand their marketing efforts. The investment brings the company’s total funding to $45 million.

Marketing Technology

commerce management

Enterprise solutions provider Mainstreet Commerce, which offers catalog and inventory management, eCommerce, and order and financials management, was acquired by Demandware (NYSE:DWRE), which offers enterprise cloud commerce solutions. The combination of Demandware’s enterprise-class commerce platform and Mainstreet Commerce’s distributed order management solution will simplify order orchestration between online and in-store shopping processes; optimize store and web inventory; and enable retailers to deliver a “buy anywhere, fulfill anywhere” consumer experience. Terms were not disclosed.

content management

Content personalization startup Gravity, was acquired by AOL (NYSE:AOL). The deal is valued at a reported $91 million. Gravity had raised over $20 million in VC funding from August Capital, Redpoint Ventures, and Upfront Ventures.

content management

Zmags, a provider of digital publishing and eCommerce Software-as-a-Service solutions, was acquired by investment firm The Gores group. Previously Zmags had raised around $18 million in VC funding from OpenView Venture Partners, North Atlantic Capital, and NorthCap Partners. Terms were not disclosed.

email services

Userfox, an online platform that allows users to create, send, and manage email marketing messages, was acquired by AdRoll, a provider of online ad retargeting. The Userfox integration will enable advertisers on AdRoll’s platform to gather and execute on valuable customer data from a variety of sources, including CRMs, email lists, and mobile IDs. Terms were not disclosed.

social technology

Social network and online community platform SocialEngine, was acquired by digital marketing and social agency Room214. The acquisition will allow SocialEngine to integrate its offerings with Room214 and add on more enterprise clients. Terms were not disclosed.

website creation/hosting

UK-based ControlCircle, which offers managed hosting and cloud-based services to enterprises and online businesses, was acquired by business communications service provider Alternative Networks for $64.7 million, or 1.9x revenue and 21.1x EBITDA. The acquisition will allow Alternative Networks’ clients to choose private or public hosted cloud services.

Traditional Media

broadcast television

Spanish-language cable television networks Pasiones, Centroamerica TV, and TV Domincana, were acquired by Hemisphere Media Group (Nasdaq:HMTV), a media company targeting the Hispanic TV/cable networks business for $102 million. The acquisition will strengthen and expand Hemisphere’s portfolio.

Technology & Communications

enterprise mobility

m>Path, a company providing solutions that help enterprises design, develop, and deploy mobile applications, has raised $1.7 million in funding led by JUMP Investors. The company plans to use the funding to build out its core development team.

Software

erp software

Mendix, a company offering an enterprise platform-as-a-service solution, has raised $25 million in Series B funding led by Battery Ventures, with participation from Prime Ventures. The new capital will be used to continue global expansion, product development, and sales efforts. This round brings the company’s total funding to $38 million.

erp software

Canada-based SuiteSkies, a company that provides ERP and CRM systems integration, implementation, customization, and support services for businesses, was acquired by technology firm BAASS Business Solutions. The acquisition creates a new NetSuite division that focuses solely on selling and supporting NetSuite and other complimentary cloud products. Terms were not disclosed.

hr software

Adayana, which provides learning, technology, and business consulting services to help Fortune 500 companies improve their organizational performance, was acquired by Comvest Capital’s portfolio company AVX Learning. Adayana will continue normal operations as an independent business unit. Terms were not disclosed.

security software

JumpCloud, a provider of a server management security solution that focuses on the areas of access, activity, attacks, configuration, and performance, has raised $3.1 million in funding led by Foundry Group. The investment brings the company’s total funding to $4.3 million.

security software

Uniken, a company that provides enterprise security solutions, has raised a reported $4.8 million in funding led by Nexus Venture Partners. The company’s solutions allow enterprises to deliver secure digital experiences to its customers, partners, and employees across various platforms and devices.

 

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: