Daily Deal Activity 01/29/14

Digital Media/Commerce

classifieds/auctions/p-to-p, social media/apps

Sweden-based Vint, a peer-to-peer marketplace and community for personal training and small group private training, has raised $1.8 million in funding led by Creandum, with participation from DN Capital, Edastra, Kima Ventures, and angel investors. The company will use the new capital to expand the reach of its marketplace, first across Sweden but also including a U.S. launch sometime in 2014.

comparison shopping

Hotel-booking website operator Rocketmiles, has raised $6.5 million in funding led by August Capital, with participation from Chicago Ventures, Atlas Ventures, Link Ventures, Peterson Ventures, and individual contributors. The company plans on using the new capital raised for customer acquisitions and to expand their team. The investment brings the company’s funding to a total of $8.5million.

digital promotions/coupons

MyMilitarySavings.com, a shopping network providing military families with great savings and promotions, was acquired by bBig Communications, a new digital marketing firm formed by the merger of three companies including MyMilitarySavings.com, ActionPak Marketing, and Market Tactics. The newly formed bBIG Communications will focus on expanding its staff, technology, and services in support of their marketing platform that integrates digital, mobile, social, and point of purchase savings for military families. Terms were not disclosed.

mobile content/apps

Switzerland-based 42matters, a mobile application development company, has raised an undisclosed amount of funding led by Project A Ventures and Gamma Capital Partners. 42matters develops a mobile application that allows users to discover new apps and share online installations, updates, and removals of the Android and IOS application.

niche content, mobile content/apps

Epic! Creations, a company offering an “all you can read” mobile application that allows users to access e-books from children content publishers such as Simon & Schuster, Kids Can Press, and Open Road Integrated Media, has raised $1.4 million in seed funding led by Menlo Ventures, with participation from Webb Investment Network, Innovation Endeavors, Maven Ventures, Morado Ventures, and angel investors.

niche content

E-book publishing and cloud-based learning platform Flat World Knowledge, has raised $9.5 million in funding led by Bessemer Venture Partners, with participation from Bertelsmann Digital Media Investments, Penguin Random House Holdings, Tribeca Venture Partners, and Valhalla Partners. The investment brings the company’s total funding to $35.7 million.

niche content

Kernel, UK-based operator of an online investigative news and pop culture publication that offers commentary, reviews, and analysis, was acquired by online general interest community newspaper Daily Dot Media. With the acquisition Daily Dot Media will build its portfolio of brands and extend its global reach with The Kernel’s coverage of today’s Internet culture. Terms were not disclosed.

niche content

Nerve.com, a provider of online adult content and relationship news website, was acquired by This Life, an online dating classified ads and matchmaking service. Along with the acquisition This Life will launch HowAboutWe Media, which will incorporate Nerve’s content as well as feature three new sites Swimmingly, Famously, and The Date Report that focus on couples and celebrities. Terms were not disclosed.

social media/apps, mobile content/apps

Dijit Media, which provides a product that enables users to control, discover, and share home entertainment experiences using a mobile application, was acquired by Viggle (OTCPK:VGGL), an entertainment loyalty mobile application. With the acquisition Viggle users will have more options to earn Viggle Points by leveraging Dijit technology and services. Terms were not disclosed.

social media/apps

Blogging platform Medium, has raised $25 million in funding led by Greylock Partners, with participation from Google Ventures and individual angels. The investment will be used to expand the company’s content strategy and boost editorial efforts. Medium’s biggest competitor at the moment is Svblte, which has now offered its platform to the masses.

Digital Advertising

digital video, ad serving, search & discovery, content management

Digitalsmiths, which provides video search and recommendation SaaS for video content distributors and publishers, which enables customers to receive targeted video content recommendations, was acquired by TiVo (NasdaqGS:TIVO), a provider of television services for digital video recorders (DVR) for $135 million. The Digitalsmiths acquisition opens new opportunities for TiVo to commercialize and deploy their cloud based services and technologies to operators, and expand TiVo’s role with Tier-one U.S. Service Providers.

local search

Indonesia-based food discovery site Abraresto, has raised $1.5 million in funding led by private investors. The new capital raised will be used to further develop the company’s services, expand their team, and geographically across multiple cities in Indonesia.

Marketing Technology

ad serving, mobile technology

Israel-based cross-platform mobile app monetization startup Inneractive, raised $6 million in funding led by Evergreen and Kreos Capital. The company has raised a total of $14 million to-date. The new round of financing will be put towards scaling up programmatic video advertising, expanding in the U.S., and developing and offering a full stake mobile monetization platform.

analytics & reporting, content management

Ensighten, a provider of enterprise tag management solutions, has raised $40 million in Series B funding led by Insight Venture Partners, with participation from Volition Capital. Ensighten helps automate tag management, allowing users to add, edit, or remove tags through a single interface. It can be embedded into a website, mobile application, or online video. The new capital raised will be used to expand the company’s sales and marketing operations globally. The investment brings the company’s funding to a total of $55.5 million.

analytics & reporting

Origami Logic, a developer of visual analytics products for business users, has raised $15 million in Series B funding led by Jafco Ventures, with participation from Accel Partners, LightSpeed Venture Partners. The investment brings the company’s funding to a total of $24.3 million. The new capital raised will be used towards the Origami’s sales and marketing efforts.

creative production platform

Shumway, a content marketing company that provides professional writing and marketing services to B2B and B2C companies nationwide, was acquired by Vendere Partners, a B2B sales and marketing agency. The acquisition of Shumway will create a new content marketing division and will enable Vendere to provide its clients with a suite of writing and marketing services, including content marketing strategy development, and publishing services

Traditional Media

entertainment media

UK-based video production company Grosvenor Television Productions, was acquired by UK-based communications agency DRPGroup. Terms were not disclosed.

Technology & Communications

communications equipment, networking equipment

IT products and services distributor Lenovo(SEHK:992), will acquire Motorola Mobility, which provides technologies, products, and services for mobile and wire line digital communication, information, and entertainment applications from Google (NasdaqGS:GOOG) for a reported $3 billion. Google had purchased the division in 2011 for $12.5 billion. Since Motorola split and its consumer division went to Google, Motorola lost $248 million during the third quarter of 2013.

enterprise mobility

Canada-based Guardly, which provides mobile enterprise security solutions, has raised $1.5 million in funding from Freestyle Capital, Golden Venture Partners, and the MaRS Investment Accelerator Fund.

financial technology

Coin, a developer of a credit card-sized device that digitally stores up to eight credit, debit, gift, or membership cards, has raised $15 million in funding led by individual investors. The new capital raised brings the company’s total funding to $16.5 million.

networking equipment

CDI Computer Dealers, a provider of refurbished technology to the North American education market, has received an undisclosed amount of funding from H.I.G Growth Partners. The investment will provide CDI additional resources, capital, and strategic guidance that will enable the company to expand their product and service offering.


erp software

Israel-based Eshbel Technologies, which develops fully-integrated ERP software solutions for small and medium businesses, was acquired by private equity firm Fortissimo Capital for $55 million, at a valuation of 3.2x revenue. The industrial sectors for which the company provides a full solution include: medical, electronics manufacturing, software, project management, food distribution, metal and plastic manufacturers, and service providers.

healthcare software

Health Catalyst, a provider of healthcare data warehousing and analytics, has raised $41 million in funding led by Sequoia Capital, Norwest Venture Partners, Kaiser Permanente Ventures, Sorenson Capital, CHV Capital, and Partners Healthcare. Health Catalyst plans to invest $50 million in product development over the next 24 months, including production of content-driven clinical applications.

hr software

ThinkHR, which offers an online technology platform and live HR expert advice service agency, acquired HR That Works, a provider of human resources management and consulting. The merging of the two companies will enable ThinkHR to expand its expertise into the property and casualty market and broaden its online resource library with video content and additional reference material. Terms were not disclosed.

security software, infrastructure software

Enterprise software startup CloudLock, which helps deliver secure cloud data to customers, has raised $16.5 million in Series C funding led by Bessemer Venture Partners, with participation from Cedar Fund and Ascent Venture Partners. The new capital will be used to expand beyond the Salesforce.com and Google Apps platform, and brings the startup’s total funding to $28.2 million.

security software

Israel-based ThetaRay, which offers malware detection and prevention solutions for critical infrastructure, communication systems, and financial systems, has received an undisclosed amount of funding from Poalim Capital Markets, with participation from JVP and GE.


Genstar Capital is exploring a sale of TravelClick, a provider of online reservation systems to the hotel industry that could be valued at more than $800 million. Also, Sabre Corp, which is the owner of online travel agency Travelocity and a competitor of TravelClick in software applications to the hotel industry, filed for an initial public offering. Sabre was taken private in 2007 by private equity firms TPG Capital LP and Silver Lake for $5 billion, including debt.

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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