Daily Deal Activity 04/14/14

Digital Media/Commerce

classifieds/auctions/p-to-p

Pakistan-based real estate classifieds site Lamudi, has raised $7 million in funding led by TengelMann Ventures, the investment arm of international retailer Tengelmann Group. The new round of funding will be used to expand the company’s footprint in Asia.

ecommerce

Manufacturer and online retailer of men’s shorts Chubbies, has raised $4 million in funding from IDG Ventures, Rothenberg Ventures, and individual investors. The newly raised funds will be used for sales and marketing efforts.

ecommerce

Beauty brand and eCommerce company Julep Beauty, has raised $30 million in Series C funding led by Azure Capital, Altimeter Capital, Madrona Venture Group, Andreessen Horowitz, and Maveron. The company, which has now raised $56 million in funding, intends on using the new capital to continue to expand operations.

ecommerce

NatureBox, a company that sends packages filled with healthy snacks to subscribers of its monthly service, has raised $18 million in Series B funding led by Canaan Partners, with participation from General Catalyst Partners and Softbank Capital. The newly raised funds will be used to expand operations and enhance the company’s product.  The company has raised $28.5 million in funding to date.

mobile content/apps

Sweden-based mobile application developer LifeSum (fka ShapeUp Club), which helps users count and track calories consumed, has raised $6.7 million in funding led by Bauer Media and SparksLabs Global Ventures.

mobile content/apps

Mobile application developer Matchbox, which integrates online applications, student information, and CRM systems for admission professionals, was acquired by TargetX.com, a student recruiting firm that provides interactive marketing technology and services in higher education for colleges and universities. The combined offering will further extend TargetX’s CRM solutions in Higher Education. Terms were not disclosed.

mobile content/apps

UK-based Snupps, a mobile platform to help organize and keep track of items, has raised $5 million in seed funding led by individual investors.

Digital Advertising

digital video

Video advertising company Genesis Media, has raised $10 million in Series B funding led by Blue Chip Venture Company, with participation from Crown Predator Holdings. The round included $6 million in equity and a $4 million revolving credit facility. The company will use the newly raised capital for product development and to continue the growth of its business.

local search

Storefront, a startup focused on helping businesses find short-term real estate rentals for temporary stores, has raised $7.3 million in Series A funding led by Spark Capital, with participation from Great Oaks Venture Capital. The company has raised $8.9 million in funding to date.

Marketing Technology

commerce management

SilverRail Technologies, the company behind the global rail ticketing platform SilverCore, has raised $40 million in Series C funding led by Mithril Capital Management. The company has raised nearly $70 million in funding, and intends on using the new capital to create a global marketplace for rail travel.

content management

Enterprise content management business AMS Imaging, was acquired by Konica Molita Business Solutions, which provides document management technologies and information technology services. As part of the acquisition, AMS Imaging will become part of Konica Minolta’s ECM business practice and market under the name Konica Minolta. Terms were not disclosed.

seo/sem tools

Italy-based digital marketing solutions developer Insem, has raised $1.4 million in funding led by Holding di Iniziativa Industriale. The company plans on using the new capital to develop operations in Italy and internationally.

Technology & Communications

it consulting/systems integration

Germany-based DIDAS Business Services, a provider of IT consulting services which includes system consulting, field services, and SAP services, was acquired by Germany-based Cancom (XTRA:COK), a provider of IT infrastructure and professional services. In 2013, DIDAS had $78 million in sales and $2.6 million EBITDA. Terms were not disclosed. (note, an Altium-led transaction).

mobile infrastructure

China-based Smartisan, a developer of an Android-based cell phone platform, has raised $29 million in funding, valuing the company at $161 million. The newly raised funds came from private investors, and will be used to further develop the company’s platform.  The company has raised $40.5 million in funding to date.

Information & Business Services

financial information

The Blackstone Group and GS Capital Partners have agreed to acquire Ipreo, a provider of market intelligence and productivity solutions to capital markets and corporate professionals, from KKR. The deal is valued at around $975 million. KKR had acquired Ipreo in 2011 for a reported $425 million.

financial information

China-based online financial information portal TodayIR, was acquired by EQS Group, a provider of online corporate communication services, for $6.2 million, at a valuation of 3.2x revenue. The acquisition will allow EQS Group to further grow in the Asian region.

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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