Daily Deal Activity 03/09/15

Digital Media/Commerce

classifieds/auctions/p-to-p

China-based used car auction platform provider Carsing has raised an undisclosed amount of Series A funding from Baird Capital. The company will use the new round of funding for supporting its expansion within China’s automotive market.

classifieds/auctions/p-to-p

Flashnotes, provider of an online marketplace for college students to buy and sells study materials, has raised an undisclosed amount from Barnes & Noble College. The investment will enable Barnes & Noble College to promote Flashnotes at partner schools and on digital platforms.

ecommerce

China-based eCommerce company Lamabang, which focuses on products for mothers, has raised $100 million in Series C funding from Matrix Partners, Morningside Ventures, and Greenwoods Asset Management. The company will use the round of funding for product development and marketing initiatives.

ecommerce

Man Crates, developer of a platform for gifts for men, has raised $3.1 million in a round of funding from Rothenberg Ventures, Sovereign’s Capital, OVO Fund, Corazon Capital, and Tekton Ventures. The company will use the new round of funding for expanding its product offering and diversifying its portfolio.

niche content

India-based media company Mosaic Media Ventures has been acquired by News Corp (Nasdaq:NWS). The acquisition builds upon other recent News Corp digital investments in India. Terms of the deal were not disclosed.

social media/apps

India-based social media management app Crowdfire developer Codigami has raised $2.5 million in a round of funding from Kalaari Capital. The company will use the new round of funding for broadening and deepening its user base.

Digital Advertising

comparison shopping

Coverhound, developer of a platform for consumers to find, compare, and purchase insurance policies, has raised $14 million in Series B funding led by RRE Ventures, Blumberg Capital, Bullpen Capital, Core Innovation Capital, Tugboat Ventures, Route 66 Ventures, and American Family Ventures. The company has raised $20 million to date and will use the funding for carrier growth and integrations with large marketing partnerships.

digital video

Videoo, developer of a social video SaaS platform for brands to crowd source and curate content in real-time, has raised $1.6 million in a round of funding from Krillion Ventures and Reinmkr Capital. The company will use the new round of funding for enhancing the capabilities of its technology.

online lead generation

Travel planning engine developer Routofy has raised and undisclosed amount of funding led by Snapdeal and private investors. The company will use the new round of funding for expanding its team while focusing on enhancing its technology.

Marketing Technology

bi tools

Business intelligence API’s developer Clearbit has raised $2 million in a round of funding led by SV Angel and First Round Capital with participation from Box Group, Fuel Capital, Zetta, and S2. The company will use the new round of funding for rolling out salesforce integration.

content management     

Broadcast graphics creation and real time data visualization offering developer ChyronHego has been acquired by Vector Capital for $120 million. ChyronHego will cease trading on the NASDAQ, and the acquisition will allow the company to focus on scale, developing it technology, and focusing on increased customer service.

market research

Verisk Analytics will acquire energy consultancy Wood Mackenzie from Hellman & Friedman for $2.8 billion. The acquisition will allow Verisk to broaden its product offering while building upon its ambitions to expand internationally. Further terms of the deal were not disclosed.

mobile technology

Open source business and social customer relationship management software developer SugarCRM has acquired Stitch, developer of personal assistant technologies for enhancing productivity for mobile users. The acquisition strengthens the capabilities of SugarCRM’s mobile technology while supporting the company’s development and engineering teams. Terms of the deal were not disclosed.

social technology

Dash Hudson, operator of a platform that connects brands with creators to build shoppable Instagram photos, has raised $1 million in a round of funding from Innovacorp and private investors. The company will use the new funding for expanding headcount.

Agency & Marketing Services

digital agency

Public relations, social media, and in-house creative services firm Matter Communications has acquired search marketing firm Search Maven Media, which specializes in search engine optimization and localized search campaigns. The acquisition will allow Matter to roll out tiered search marketing services. Terms of the deal were not disclosed.

loyalty/retention

France-based eCommerce loyalty solutions developer Search’XPR has raised $2.1 million in a round of funding from Unicore Technology Company, Sofimac Partners, and BPI. The company has raised $3.4 million to date and will use the new funding for product development and expanding into new business segments.

Traditional Media

business-to-business

UK-based business-to-business exhibition organizer for the healthcare and tech markets CloserStill has been acquired by Inflexion Private Equity from Phoenix Equity Partners. The acquisition will allow CloserStill to expand its international offerings and exhibits. Terms of the deal were not disclosed.

consumer magazine publishing

Hong Kong-based luxury lifestyle magazine publisher Chili Platinum Advertising and Magazine Publishing has been acquired by Pegasus Entertainment Holdings for $8.7 million representing 7.9x revenue. The acquisition provides Pegasus with a high-spending readership base that will be used for marketing purposes.

Software

data management

Data management platform developer Lotame, which collects and organizes audience data segments, has raised $10.7 million in a round of funding from undisclosed investors. The company has raised $62 million to date and will use the new funding for enhancing the capabilities of its platform.

healthcare

Technology and management solutions provider to the healthcare sector Acentia has been acquired by Maximus (NYSE:MMS) from Snow Phipps Group for $300 million. The acquisition complements Maximus’ business process management offerings and capabilities for the government and healthcare markets.

hr

Recruiting optimization platform developer Greenhouse Software, which helps companies build and scale their recruiting process, has raised $13.6 million in Series B funding from Benchmark Capital. The company has raised $25 million to date and will use the new funding for building out sales and marketing initiatives.

security

SecureKey Technologies, a developer of identity and authentication solutions  for online consumer service companies, has raised an undisclosed amount of Series C funding from Blue Sky Capital and Rogers Ventures Partners. The company will use the new funding for expanding research and development initiatives while building out its service delivery capabilities.

Business Services

financial consulting

Pensions advisory startup Profile Financial Solutions has raised $2 million in Series A funding from Smedvig Capital. The company will use the new funding for hiring talent, expanding geographically, and branching into new sectors.

healthcare consulting

Healthcare and government consulting services firm Paradigm Consulting Group has been acquired by Smart Employee Benefits, a provider of professional services for corporate and government clients. The acquisition provides Smart Employee Benefits with additional government and corporate client relationships. Terms of the deal 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: