Daily Deal Activity 04/16/14

Noteworthy:

email/messaging software

Australia-based Campaign Monitor, which develops software for email-marketing pitches, has raised $250 million in funding from Insight Venture Partners. It’s the first time decade-old company has taken any money from investors. The company will use the new capital to expand marketing, as well as hire sales team members. Campaign Monitor also plans to open its first U.S. office. About 80 percent of the company’s customers are in North America and Western Europe.

Digital Media/Commerce

classfieds/auctions/p-to-p

Online peer-to-peer automobile marketplace Beepi, has raised $5 million in VC funding led by Redpoint Ventures. The company, which had raised seed funding in 2013 from individual investors, will use the new capital to grow its team and scale up operations.

ecommerce

Paperless Post, an online eCommerce company that allows users to send stationery and invitations over the internet, has raised $25 million in Series C funding led by August Capital, with participation from Mousse Partners and RRE Ventures. The new capital raised brings the company’s total funding to a total of $37.4 million, and will be used to accelerate the development process of its mobile and online tools.

ecommerce

India-based restaurant and events discovery platform TimesCity, has acquired India-based table reservation startup Dineout.co.in, which allows customers to also book a table at restaurants via its website. Dineout’s table reservation capability will be integrated across both the online and mobile platforms. Terms were not disclosed.

mobile content/apps

Personalized health assistant mobile application Better, has raised $5 million in funding from Social + Capital Partnership and The Mayo Clinic.

mobile content/apps

Mobile fitness application developer Fitnet, which offers a hundred pre-programmed workouts, has raised $1.4 million in Series A funding from Valleys’ Ventures, LP, and CIT Gap Funds. The new capital will be used to develop a range of new fitness routines.

mobile content/apps

KeyMe, which offers an application that copies household keys and solves lockouts, has raised $7.8 million in Series A funding led by White Star Capital, Battery Ventures, and 7-Ventures. The app also allows individuals to 3D print keys and display instructions for making a key at a local locksmith.

niche content

OwnZones Media Network, which operates as an aggregator and distributor of bundled subscription-based digital content, has raised $5.9 million in Series A funding led by private investors. The company will use the new capital for marketing and to further develop its platform.

social media/apps

Social network for luxury professionals Luxury Society, was acquired by digital marketing group Digital Luxury Group. The new combined organization will provide luxury brands with industry intelligence, digital agency services, real-time news updates, and B-to-B events. Terms were not disclosed.

Digital Advertising

digital video

Online news show network The Young Turks Network, has raised $4 million in seed funding led by RRM. TYT generates more than 68 million views per month through its Youtube channel, and plans on using the funding to expand its network onto other platforms.

Marketing Technology

analytics & reporting

BrightContext, a company providing a mobile and Web based application that offers real time data and analytics, was acquired by WealthEngine, which provides wealth identification and prospect research analytics services. Terms were not disclosed.

analytics & reporting

New Zealand-based Optima Corp, a provider of predictive analytics and real-time deployment of mobile resources, was acquired by healthcare information and business solutions provider Intermedix. The acquisition of Optima will allow Intermedix to expand its reach globally. Terms were not disclosed.

MRm/workflow management

Dean Evans & Associates, which develops room scheduling software and event management system (EMS) solutions, has raised an undisclosed amount of funding from JMI Equity.

online targeting/optimization

Gagein, which monitors the Web to track companies and provide salespeople with real-time news to pinpoint when and why to call prospects, has raised $6.4 million in Series A funding led by private investors. The new capital raised will be used to grow the company’s user base.

search & discovery

Online product discovery technology platform Doozton, was acquired by India-based eCommerce marketplace Snapdeal.com. With Snapdeal.com, the Doozton.com technology will expand and offer a more established platform. Terms were not disclosed.

social technology

Video advertising solutions company Ebuzzing & Teads has sold off Overblog, a company it acquired in September 2010, to Webedia. The acquisition will give Webedia, which owns popular sites like Allocine, Purepeople & more, a combined traffic of more than 20 Million Unique Visitors in France. Terms were not disclosed.

social technology

ReadyPulse, which monitors a brand’s social content, has raised $2 million in Series A funding led by Divergent Ventures, Harmony Capital, and Moxie Software. The company serves over 60 brands including GoPro, Reebok, O’Neill, Smith Optics and Red Wing Shoes.

social technology

Kinetic Social, a developer of social media advertising software, has raised $18 million in Series B funding led by Blue Chip Venture. The company, which has now raised $74 million in funding, intends on using the new capital for technology enhancements and product extensions associated with its SaaS offering and its proprietary engagement engine.

website creation/hosting, commerce management

Website publishing platform Squarespace, which offers individuals and small businesses tools to build online stores, has raised $40 million in Series B funding from General Atlantic. The company, which has raised $78.5 million in funding to date, will use the new capital to scale its presence and further expand its operations.

Technology & Communications

cloud computing technology

FireHost, a provider of cloud computing solutions that emphasize security, has raised $25 million in Series E funding led by The Stephens Group. The new capital raised will strengthen FireHost’s ability to invest in all aspects of secure cloud computing. The company has raised $60 million in funding to date.

mobile infrastructure

Jasper Wireless, which operates a connected device platform for machine-to-machine and consumer electronics, has raised $50 million, at a valuation of more than $1 billion. The round of funding was led by Singapore-based Temasek. The company, which has now raised $205 million in funding, will use the new capital to create new services and expand its operations. Also, the company will drop the word “wireless” from its name.

Software

healthcare software

Healthcare software solutions company eCaring, which provides cloud home care management and a monitoring system, has raised $3.5 million in Series A funding led by Ascent Biomedical Ventures and private investors. The company plans on using the new funds for product development, as well as expansion of sales and marketing efforts.

healthcare software

MD Datacor, which develops and delivers health care quality management solutions for physicians, employers, payers, insurers, hospitals, and health care providers, was acquired by private equity and venture capital firm Symphony Technology Group. The acquired company will be brought together with other assets from STG to form Symphony Performance Health (SPH), an independent portfolio company under Symphony Technology Group. Terms were not disclosed.

Information & Business Services

financial information

Tastytrade, a provider of online financial media mixed with entertainment, has acquired Dough.com, which offers a platform offers a visual trading platform providing interactive video lessons for new traders. The two companies will combine under the name dough, Inc. 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.

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: