Daily Deal Activity 11/20/14

Digital Media/Commerce

classifieds/auctions/p-to-p

P2P car rental platform Getaround has raised $24 million in Series B funding from Cox Automotive, owner of AutoTrader, Kelley Blue Book, and Manheim Auctions, with participation by Menlo Ventures, Triangle Peak Partners, and SOS Ventures. The company has raised $40 million to date and will use the new capital for expanding its on-demand car sharing service into other major US cities.

ecommerce

Eyewear eCommerce startup Ditto has raised $5 million in a round of funding from August Capital and Natural Vision. The company has raised $8 million to date and will use the new capital for investing in its technology and growing its team to help scale its business.

ecommerce

Kaufmann Mercantile, an online retailer focused on the curation of high-quality products, has raised $3.2 million in Series A funding from Slow Ventures and 14W. The company will use the new capital for working on the creation of a clothing label while continuing to build out other product categories and hiring talent.  

mobile content/apps

FlyWheel, an app that hooks up taxi drivers with riders, has raised $12 million in in Series C funding from TCW/Craton, Rockport Capital, and Shasta Ventures. The company has raised $35 million to date, and will use the new funding for expanding services to other cities and cab companies.

niche content

Wine multimedia publishing platform Vinous has acquired wine journal International Wine Cellar. Vinous will add Wine Cellar’s archive to its library of content as the company looks to expand its content creation efforts. Terms of the deal were not disclosed.

Digital Advertising

digital video

Video platform Pluto TV, which allows users to view traditional and online content in one space, has raised $13 million in Series A funding led by USVP with participation by United Talent Agency, Sky plc, Chicago Ventures, Great Oaks Venture Capital, and Luminari Capital. The company will use the new capital for growing its platform and broadening its content offering and availability across Web, mobile, and connected TV’s.

Marketing Technology

analytics & targeting

Predictive analytics provider FiscalNote, which is focused on governmental action impact, has raised $7 million in Series A funding from AME Cloud Ventures, New Enterprise Association, Middleland Capital, Enspire Capital, Green Visor Capital, 645 Ventures, Winklevoss Capital, and Visionnaire Ventures. The company has raised $8.2 million to date.

analytics & targeting

RLJ Equity Partners, in accordance with GE Asset Management, has acquired MarketCast, a provider of strategic insights and analysis to markets and researchers in the entertainment industry, from Shamrock Capital Advisors. Terms of the deal were not disclosed.

commerce management

UK-based Ve, an eCommerce conversion company, has acquired digital advertising company GDM Digital, which specializes in performance trading and real-time biddable media, for $12 million. GDM will retain its staff, and the acquisition marks Ve’s expansion into digital advertising while increases its client-base.

crm

Emdeon, a provider of healthcare revenue and payment cycle management solutions, has acquired Change Healthcare, a provider of healthcare consumer engagement and transparency solutions, for $185 million in cash. The acquisition will allow Emdeon to increase member and patient engagement while providing new consumer engagement services.

crm

Private equity firm Everstone Group and Solmark have acquired a majority stake in Servion Global Solutions, a provider of customer interaction management solutions. The acquisition will help Servion to expand further globally. Terms of the deal were not disclosed.

Technology & Communications

wireless backhaul

Lightbridge Communications Corporation, a provider of fully deployed wireless networks for network planning, design, deployment, and optimization insights, has been acquired by Tech Mahindr (BSE:532755) a, a global systems integrator and business consulting firm focused on the communications industry, for $240 million. The acquisition will be focused on improving the margins and growth of Lightbridge.

Software

application management

Mainframe2, a cloud platform for managing Windows apps, has raised $2.2 million in a round of funding from Columbus Nova Technology Partners. The new capital will be used for its app streaming technology and scaling operations.

engineering

Canada-based cloud platform Lagoa, which enables 3D visualization of content for the engineering, architecture, media, and entertainment sectors, has been acquired by Autodesk (NASDAQ:ADSK) for $60 million. Lagoa had previously raised $6.9 million in funding from Atlas Ventures, and will compliment Autodesk’s existing technology.

financial

Fastpay, a financial platform which provides workflow and liquidity solutions for the media industry, has raised $15 million in a round of funding from Oak HC/FT. The company will use the new capital for continued growth, development of proprietary technology, and hiring in strategic roles.

financial

AvidXchange, a provider of accounts payable and payment automation solutions for businesses, has acquired Piracle, a provider of payment management tools. The acquisition provides AvidXchange with expanded technology and offerings capabilities. Terms of the deal were not disclosed.

hr

Tyba, a recruitment platform for junior talent, has raised $3.1 million in a round of funding from Kuwaiti Investment Authority and Sunstone Capital. The company will use the new capital for hiring software engineers.

legal

Legal technology company CS Disco, a provider of eDiscovery software, has raised $10 million in Series B funding led by Bessemer Venture Partners with participation from LiveOak Venture Partners. The company will use the new capital for continued product development.

security

Cyber security threat intelligence platform ThreatConnect, formerly known as Cyber Squared, has raised $4 million in Series A funding from Grotech Ventures. The company will use the new capital for accelerating product development and expanding sales and marketing efforts.

Information & Business Services

hr consulting

Stone Point Capital has agreed to acquire Oasis Outsourcing, a provider of human resources services for small and mid-sized businesses, from Nautic Partners and Altaris Capital Partners. Oasis will look to escalate growth organically and through acquisitions. Terms of the deal were not disclosed.

it consulting/systems integration

Tekvox, a supplier of IT-managed audio/visual solutions for corporate and education applications, has raised an undisclosed amount of Series A funding from Central Texas Angels with participation from CVAN. The company will use the new capital for expanding into new sectors.

logistics

Descartes Systems Group (NASDAQ:DSGX), which unites logistics-intensive businesses in commerce, has acquired Airclic, a provider of mobile solutions for streamlining and automating last-mile logistics processes, for $30 million. The acquisition will augment Descartes’ route planning and optimization systems with comprehensive mobile data.

market Research

Solera Holdings (NYSE:SLH) has agreed to acquire UK-based CAP, a provider of data and information systems to auto-motive related sectors, from Montagu Private Equity for $288 million. The acquisition provides CAP with enterprise-level decision support data and software solutions spanning vehicle valuation, validation, collision and mechanical repair, and total cost of ownership service solutions.

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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