Daily Deal Activity 10/23/14

Digital Media/Commerce

gaming

Playstudios, which develops a “social casino” app that offers hotel nights as reward, has raised $20 million in Series C funding from Jafco Ventures with participation from DCM and MGM Resorts International. The company intends on using the new capital to continue to grow operations.

mobile content/apps

Charlie, provider of a meeting preparation app, has raised $1.75 million in a round of funding led by Lightbank with participation from Hyde Park Venture Partners and Confluence Capital Partners. The company will use the new capital to improve its algorithm, integrate more data sources, and scale operations.

mobile content/apps

Fountain, provider of an app that connects homeowners with experts on home and garden projects, has raised $4 million in Series A funding in a round led by First Round Capital with participation from Shasta Ventures. Fountain will open its beta trial period later this month.

mobile content/apps, classifieds/auctions/p-to-p

China-based Koudai Gouwu, which provides a WeChat integrated mobile focused shopping marketplace that lets merchants sell directly to buyers, has raised $350 million in Series C funding led by Tencent with participation from Tiger Fund, Falcon Edge Capital, VY Capital, and DST Global.  The investment reveals TenCent’s plan to revive its eCommerce position.

Niche content

nousDécor, which provides a community-curated interior design and décor site, has raised $2.1 million in a round of funding from private investors.

Social media/apps

Ello.co, a provider of an ad-free social media network, has acquired $5.5 million in a round of funding from private investors. The company remains in beta testing and will use the new capital for developing product capabilities and expanding its engineering team.

Digital Advertising

ad networks/exchanges

Boostable, which provides an advertising platform for marketplaces that allows sellers to quickly launch ad campaigns on different channels, has raised $2.6 million in Series A funding from SV Angle, Omidyar Network, and Digital Garage. The company will use the new capital to expand its partnerships and include new channels for advertisers.

digital Agency

Covario, an independent search and content performance marketing agency, has been acquired by Dentsu Aegis Network. Covario will be integrated into Dentsu’s iProspect, a digital performance agency, following completion of the transaction. Covario will spin-off RioSoft, which provides SaaS based local search and social media automation, to existing investors. Terms of the transaction were not disclosed.

digital video

Ireland-based VideoElephant, a company that aggregates and sells online video content for websites, has raised $1 million in a round of funding from AIB seed Capital fund DBIC. The new capital will be used for product development and for expansion to the US.

online Lead generation

Vestorly, which provides an online community for consumers to find an investment advisor through people they know and trust, has raised $2 million in a round of funding led by AlphaPrimer Ventures, Formation 8, and Gaspar Global Ventures. The company will use the new capital to expand its engineering team and enterprise capabilities.

Marketing Technology

analytics & Targeting

Argyle Data, a provider of real-time fraud analytics for data driven Hadoop organizations in mobile communications and financial services, has raised $4.5 million in a round led by undisclosed investors. The company will use the capital to hire new talent and expand leadership.

Commerce management

India-based Kartrocket, which provides an ecommerce enablement platform for SMEs and retailers, has raised $2 million in Series A funding led by Nirvana Venture Advisors with participation from 500 Startups and Beenos. The company intends to use the funds to expand operations in India.

Commerce management

Canada-based LightSpeed, a provider of point-of-sale software for retailers, has acquired POSIOS, a mobile restaurant solutions provider. Terms of the deal were not disclosed. Lightspeed has recently raised $35 million from iNovia Capital and is backed by Accel Partners.

Media management system

Zignal Labs, a provider of real-time media monitoring and big data analytics solutions, has raised $10.7 in Series B funding from Figtree Partners and Ross Investment Associates. The company plans on using the new capital to continue to grow its leadership, sales, and engineering teams and to begin delivering new product enhancements.

Agency & Marketing Services

Loyalty Retention, Social Technology

Mogl, which provides a loyalty rewards app, has raised $11 million in Series C funding from Austin Ventures, Avalon Ventures, Correlation Ventures, and Sigma West.

Traditional Media

broadcast televsion

NexStar Broadcasting (NASDAQ:NXST) has acquired KASW-TV, a CW affiliated broadcasting station, from Meredith Corporation (MDP) for $68 million. The acquisition will be accretive to NexStar’s operating results immediately upon closing.

Software

collaboration

Canada-based Jostle, which provides enterprise level collaboration services, has raised $2 million in a round of funding from Angel Investors. The company will use the new capital to accelerate customer acquisition and continue product deployment. This round brings Jostle’s total funding to $6.6 million, all raised from private individuals.

Financial

Capshare, a provider of an equity management platform for valuation service providers and organizations, has raised $1 million in a round of funding led by Tim Draper Associates with participation from Kickstart Seed Fund. The company will use the new capital for continued acceleration for the next two years.

Financial

iCapital Network, provider of an online private equity platform, has raised $9.3 million in funding from Eaton Partners, Park Hill Group, Pivot Investment Partners, Monument Group, Capstone Partners, and Gen II Fund Services. The company plans to use the new capital to continue building out is platform and bring private funds to a broader audience.

Healthcare Providers

Phreesia, a provider of a healthcare point-of-service platform, has raised $30 million in a round of funding led by private equity firm LLR Partners. The new capital will allow Phreesia to continue rapid expansion, accelerate product development, and broaden its customer base around the country.

security

PCCW Global, an operating division of Hong-Kong based telecommunications service provider HKT, has acquired Crypteia Networks, a provider of security-as-a-service solutions. Crypteia will continue to operate as a separate brand. The acquisition increases Crypteia’s international presence and will extend its customer base for global expansion.

security

Proofpoint (NASDAQ:PFPT) has acquired Nexgate, a provider of security and compliance solutions for social media communication channels, for $35 million. The acquisition provides security for Proofpoint’s online brand presence and social media communication infrastructure.

Information & Business Services

marketing data

Workhorse Software, which provides SaaS based media planning and plan management software, has been acquired by SQAD, a portfolio company of Clarion Capital Partners that operates as an independent source for TV, radio, and digital cost analysis. Terms of the transaction were not disclosed.

Printing SErvices

Canvera, an online digital photography company that offers prints, calendars, and photobooks, has raised $1.6 million in a round led by Info Edge.

Training

ExecOnline, a provider of executive training solutions, has raised $5 million in Series A funding from Osage Venture Partners, New Atlantic Ventures, Kaplan Partners, and Militello Capital. The company will use the new capital to improve existing offerings, enrich its enterprise learning platform, establish partnerships with additional business schools, expand sales and marketing, and scale operations.

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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