Daily Deal Activity 12/08/14

Digital Media/Commerce

ecommerce

Same day grocery delivery startup Instacart has raised $100 million in Series C funding led by KPCB with participation from Canaan Partners, Khosla Ventures, Sequoia Capital, and Andreessen Horowitz. The company has raised $155 million to date and is recently valued at $2 billion.

mobile content/apps

Mobile focused on-demand insights platform Spare5, which pays social influencers to provide expert insights in their spare time, has raised $3.3 million in a round of funding from New Enterprise Associates, The Foundry Group, and Madrona Venture Group.

social media/apps

Online petition platform Change.org, which allows users to launch petition campaigns for various causes, has raised $25 million in Series C funding from Omidyar Network. The company has raised $42 million to date.

Digital Advertising

comparison shopping

Insurance group Esure (LSE:ESUR) will acquire the outstanding 50 percent stake in UK-based Gocompare.com, an online home and auto insurance comparison website, for $117 million. Esure will gain full ownership of Gocompare.com as the company looks to drive expansion and diversification over the long term. The acquisition values the company at 7.6x earnings.

digital promotion/coupon

Promotional products company Boundless Network, which allows companies to save money on big branded product orders, has been acquired by personalized product maker and marketplace Zazzle. The acquisition will provide Zazzle with corporate sales and distribution experience. Terms of the deal were not disclosed.

digital video

Israel-based video capture startup Pixellot, which provides an alternative to traditional video capture and production processes, has raised $3 million in Series A funding from China-based search engine Baidu. The company has raised $5.2 million to date, and will use the new funding for expanding its research and development department while advancing marketing initiatives.

vertical search

Foap, operator of a mobile focused stock photo marketplace, has raised $2.3 million in a round of funding from Industrifonden and Maxwell Ventures. The company will use the new capital for hiring new talent and developing its product offerings to attract larger brands and agencies.

Marketing Technology

analytics & Targeting

Switzerland-based Nexthink, a provider of IT analytics, has raised $14.5 million in Series D funding led Auriga Partners with participation from VI Partners and Mannai Corporation. The company has raised $29 million to date, and will use the new capital for scaling internationally while further developing its end-user IT analytics solution for mobile and cloud operations.

commerce management

End-to-end merchandise optimization solutions provider Revionics has raised and undisclosed amount of funding from Goldman Sachs. The company will use the funds for accelerating global market share and expanding research and development initiatives.

content management

Digital experience management software developer Ektron has raised and undisclosed amount of private equity funding from existing shareholder Accel-KKR. The terms of the deal were not disclosed as Accel-KKR looks for a near future acquisition of the company.

content management

Post-production and digital distribution service provider Visual Data Media Services has acquired a majority stake in UK-based Re:fine, a content processing and digital media company. The acquisition will provide each company with access to the partner’s client-base, technologies, and infrastructure. Terms of the deal were not disclosed.

social technology

Real-time trend intelligence company Bottlenose, which monitors streaming data to anticipate trends, has raised and undisclosed amount of funding from KPMG Capital. The company has previously raised $6.6 million, and will use the new funding for continuing development of its Nerve Center product.

Agency & Marketing Services

digital agency, social technology

Referral marketing platform Extole has raised $14 million in Series C funding led by Scale Ventures Partners with participation from Northwest Venture Partners, Redpoint Ventures, Shasta Ventures, and Trident Capital. The company will use the new funding for developing new functionality and accelerating growth among national and international brands.

digital agency

UK-based social media management agency Tempero has been acquired by Dentsu Aegis Network. Tempero will operate under the European arm of ICUC, Dentsu’s social media moderation and management agency. Terms of the deal were not disclosed.

marketing consulting

Communications services provider Next Fifteen Communications (AIM:NFC) has acquired a 75 percent stake in market research consultancy Morar, a provider of brand performance measurement consulting and services, for $2.2 million. The remaining 25 percent will be purchased by Next Fifteen in 2020 contingent upon financial performance.

Public relations

Omnicom has acquired DDC Advocacy, developer of a proprietary CRM platform for conducting campaign-style advocacy programs. DDC will integrate with Omnicom’s DAS Group and will expand its public affairs solutions to other partner agencies across multiple networks. Terms of the deal were not disclosed. (Petsky Prunier led transaction)

Traditional Media

newspaper publishing

South Africa-based Times Media Group, publisher of the country’s largest newspaper, will be acquired by its biggest shareholder Blackstar Group (AIM:BLCK) for $165 million at a .6x rev multiple. Times Media Group would become a wholly-owned subsidiary of Blackstar as the company looks to reinvest in other value yielding sectors outside of print media. Blackstone will look to acquire a majority in a cash and stock transaction.

radio broadcasting

Radio broadcasting company Entercom (NYSE:ETM) has acquired radio station operator Lincoln Financial Media from Lincoln Financial Group for $105 million. The acquisition adds 26 radio stations to Entercom’s portfolio, and allows the company to expand into new markets.

Technology & Communications

big data technology

Artificial intelligence platform Metamind, which focuses on health, finance, customer support, and social media analysis, has raised $8 million in a round of funding from Khosla Ventures. The company will use the new capital for hiring talent.

data center technolgy

Datacenter operating system developer Mesosphere has raised $36 million in Series B funding from Khosla Ventures with participation from Andreessen Horowitz, Fuel Capital, and SV Angel. The company has raised $50 million to date and will use the new capital for investing in global growth as it rolls out its datacenter product.

Software

application management

Web applications monitoring service InfluxDB, which develops an open source time series database, has raised $8.1 million in a round of funding from Mayfield Fund and Trinity Ventures. The company will use the new capital for continued development of its product and the commercial entity surrounding its open source component.

erp

UK-based electronic security and fiscal custom filing solutions provider e-customs, which provides shippers and logistics service providers with custom security filing requirements, has been acquired by Descartes Systems Group (TSE:DSG) for $9 million. The acquisition will enhance Descartes’ logistics technology platform and expand its user-base.

erp

UK-based community systems provider Pentant Limited, which offers connectivity and import/export inventory control solutions, has been acquired by Descartes Systems Group (TSE:DSG) for $3.2 million in an all cash deal. Pentant and e-customs were independently operated companies under common investor control, and were both acquired by Descartes for the purpose of improving the productivity of its logistics operations.

financial

Payment solutions provider SignaPay has acquired Payhub, a payments technology company that provides online payment gateway integration services. Signapay will provide sales expertise for Payhub as the company looks to add larger integration partners. Terms of the deal were not disclosed.

Information & Business Services

legal consulting

UK-based Parabis Group, which provides legal services to the insurance and legal industries, has raised $20.3 million in a round of funding from Duke Street. The company will use the new funding for continued operation in the post-reform legal services market while investing in people, property, and technology.

logistics

RezNext Global Solutions, a distribution company that develops real- time technology for the hotel industry, has raised $5 million in a round of funding from New Enterprise Associates. The company will use the new funding for increasing penetration into domestic and international markets, specifically Asia, Africa, and the Middle East.

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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