Daily Deal Activity 12/15/14

Digital Media/Commerce

classifieds/auctions/p-to-p

UK-based car buying platform Carwow has raised $7.2 million in a round of funding from Balderton Capital, Episode 1, and Samos Investments. The company has raised $9 million to date and will use the new capital for expanding its team, rolling out advertising campaigns, and starting exploration into new markets.

ecommerce

eCommerce platform Miyaobabei, which provides a marketplace for infant care products and goods, has raised $60 million in Series C funding from ZhenFund, Sequoia Capital, and H Capital. The company has raised $100 million to date, and will use the new funding for focusing on the domestic market before expanding abroad and improving supply chain and the user experience of its site and apps.

ecommerce

Gift recommendation platform developer Wishpicker has been acquired by India-based eCommerce company Snapdeal. The acquisition enhances the technology capabilities of Snapdeal as the company looks to grab a larger share of India’s eCommerce market. Terms of the deal were not disclosed.

gaming

China-based Virtuos, a provider of 3D art and game development for consoles and mobile devices, has raised an undisclosed amount of funding from Xuhua Venture Capital. The company will use the new funding for expanding its reach and building tools that will facilitate integration with client teams.

mobile content/apps

Merchbar, developer of an app that allows fans to discover and buy merchandise from various artists, has raised $1 million in a round of funding from 500 Startups, Structure Capital, and Universal Music Group.

social media/apps

Taiwan-based online fitness and weight-loss community iFit has raised $3 million in Series A funding from Cherubic Ventures, Yaun-jin Capital, and Sino Strategy. The company has raised $3.9 to date and will use the new capital for international expansion.

Marketing Technology

Analytics & Targeting

Advertising technology company The Trade Desk, which operates as a demand-side advertising platform in the real-time bidding industry, has raised $45 million in debt financing from Bridge bank and Opus Bank. The company will use the new funding for fueling global growth while breaking ground in the Advanced TV industry. The company recently raised a $20 million Series B.

Analytics & Targeting

Technical analysis research provider Trading Central has acquired Recognia, a developer of automated quantitative analysis and engagement solutions focused on serving Retail Online Brokers, Banks, and Market Professionals. The acquisition will allow Recognia to accelerate product development initiatives, digital and mobile capabilities development, and sales and service expansion.

Analytics & Targeting

Singapore-based Trax Image Recognition, a developer of in-store shelf monitoring analysis technology, has raised $15 million in a round of funding from private investors. The company will use the new capital for accelerating product development and expanding geographic markets in the US.

content management

Content sharing platform 8 Enterprises has raised $4.2 million in a round of funding from The Sputnik Group and Sage Venture Partners. The company will use the new capital for launching the product outside of beta mode, hiring new talent, and expanding global reach.

Technology & Communications

cloud storage

Cloud backup provider Carbonite has acquired Germany-based email archiving service MailStore for $20 million. Carbonite will integrate MailStore’s email archiving and full-text search and indexing capabilities into its product portfolio.

networking equipment

Thoma Bravo and Teachers’ Private Capital have acquired Riverbed Technology (Nasdaq:RVBD), a provider of application performance infrastructure, for $3.6 billion. The acquisition will allow the company to adapt its solutions over the IT services sector.

Software

financial

Insurance technology solutions provider Majesco, a wholly owned subsidiary of IT solutions firm Mastek (BSE:523704), has acquired Cover-All Technologies, a licenser and maintainer of insurance industry software. The acquisition coincides with Majesco’s growth strategy, and the Cover-All brand will integrate and operate under the Majesco name. Terms of the deal were not disclosed.

financial

Avalara, a provider of cloud-based software for delivering compliance solutions related to sales tax, has acquired VATLive.com, an online information resource for tax news, insight, and rate changes. The acquisition expands Avalara’s product capabilities and will allow the company to expand globally. Terms of the deal were not disclosed.

healthcare

Ireland-based patient engagement software developer Oneview has raised $7 million in a round of funding from private investors. The company has raised $20 million to date, and will use the new capital for facilitating the expansion of sales, marketing, project management, and implementation of resources in the US market.

Information & Business Services

financial information

Chile-based compensation and benefits survey and information firm Denarius has been acquired by Mercer. The acquisition will allow Mercer to expand into the Chilean market, and will provide Denarius with scope, scale, and resources for rapid services expansion.

financial information

Multi-platform media company Tiger Media(AMEX:IDI) has acquired The Best One, the parent company of data solutions provider Interactive Data. The acquisition will help the integrated company expand in the data fusion industry while building out its management team.

market research

Online survey platform SurveyMonkey has raised $250 million at a valuation of $2 billion in a round of equity funding led by T. Rowe Price, Morgan Stanley, and Baillie Gifford & Co. with participation from Tiger Global management, ICONIQ Capital, Google Capital, and Social+Capital Partnership. The company has raised $1.2 billion to date and will use the new proceeds for pursuing future acquisitions and providing liquidity for early investors.

Noteworthy

ecommerce

BC Partners has agreed to acquire PetSmart for $8.7 billion in what will be the largest PE buyout of 2014.  The purchase price represent 9.1x EBITDA for LTM ending November 2, 2014.

database/analytics

Datalogix, which has planned to go public, is now pursuing a buyer, seeking bids of $1 billion. The company’s estimated 2014 revenue of $125 million suggests a sale above $500 million. The company has raised more than $85 million in funding from investors Breyer Capital, Institutional Venture Partners, General Catalyst Partners, Sequel Partners, and Costanoa Venture Capital.

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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