Daily Deal Activity 04/21/15

Digital Media/Commerce

classifieds/auctions/p-to-p

Peer-to-peer lending platform developer Assetz Capital has raised $4.5 million in a round of funding from private investors. The company will use the new round of funding for increasing headcount while focusing on retail marketing and establishing international joint ventures.

classifieds/auctions/p-to-p

Sulekha.com, operator of a digital classifieds platform for local services, has raised $28 million in a round of funding led by GIC with participation from Norwest Venture Partners. The company will use the new round of funding for expanding its platform while investing in its technology and branding.

ecommerce

eCommerce platform developer Bringhub, which enables shoppers to purchase goods they discover in online content, has raised $1.8 million in a round of funding from Capital Union Investments, BAM Ventures, and Canyon Creek Capital. The company will use the new round of funding for creating publisher and retailer partnerships.

ecommerce

Excess inventory marketplace operator InTurn has raised $3.6 million in a round of funding led by Forerunner Ventures with participation from Novel TMT Ventures, Lerer Hippeau Ventures, T5 Capital, and Beanstalk Ventures. The company will use the new round of funding for expanding operations.

ecommerce

Online fertility solutions marketplace Progyny has raised an undisclosed amount of funding led by Kleiner Perkins Caufield & Byers with participation from Merck Serono Ventures. The company will use the new round of funding for expanding operations.

mobile content/apps

MyTime, developer of an app that lets user’s book appointments, has raised $9.3 million in Series B funding led by Upfront Ventures with participation from Khosla Ventures, Daher Capital, Accelerator Ventures, and Westfund Corporation. The company will use the new round of funding for expanding its sales and operations teams.

mobile content/apps

Personalized app push notification technology developer OneSignal has raised $2 million in a round of funding from Rakuten and Y Combinator. The company will use the new round of funding for hiring developers while focusing on user acquisition.

mobile content/apps

Mobile-based beauty and wellness platform developer Vyomo has raised an undisclosed amount of funding from YouWeCan Ventures. The company will use the new round of funding for domestic expansion and scaling operations.

social media/apps

Social travel platform developer Minube has raised $1.7 million in a round of funding led by FJME with participation from Venture Bonsai and Kibo Ventures. The company will use the new round of funding for raising brand awareness.

Marketing Technology

bi tools

Advertising, promotional, and pricing intelligence solutions provider Market Track has acquired New Momentum, a developer of online brand protection and eCommerce price monitoring services. The acquisition enhances Market Track’s pricing optimization, competitive intelligence, and assortment planning capabilities. Terms of the deal were not disclosed.

commerce management

Inventory and commerce management system developer TradeGecko has raised $6.5 million in Series A funding from NSI Ventures and Jungle Ventures. The company will use the new round of funding for product development and geographic expansion.

content management

Campus Steps, developer of a platform for students to manage their college futures, has raised $3 million in Series A funding from Campus Explorer, OCA Ventures, Rincon Venture Partners, and Vicente Capital. The company will use the new round of funding for developing and increasing marketing efforts.

content management

CoinTent, developer of a micropayments solution enabling publishers to sell individual articles, has raised $1.1 million in a round of funding from Foundry Group and QueensBridge Venture Partners. The company will use the new round of funding for expanding headcount.

Software

erp

Supply chain management solutions and vendor-managed inventory programs developer AFC Holdings has been acquired by Incline Equity Partners. The acquisition will provide AFC Holdings with the resources for expanding geographically. Terms of the deal were not disclosed.

hr software

Untapt, developer of a recruitment platform focused on financial services technology, has raised $3 million in Series A funding led by Tsai Capital Corp with participation from SenaHill Investment Group. The company will use the new round of funding for building out its technology.

legal software

Vikaran Solutions, a developer of software and services for the property and casualty industry, has been acquired by outsourcing solutions provider Patriot National (NYSE:PN) for $10 million. The acquisition expands Patriot National’s product offerings as the company folds Vikaran Solutions into its technology division.

security

Software security firm Codenomicon has been acquired by design automation and software application development firm Synopsis. The acquisition will strengthen Synopsis’ security offering as it looks to extend its security platform while increasing its presence in the software security market. Terms of the deal were not disclosed.

security

Identity and access management solutions developer Simeio Solutions has been acquired by Welsh, Cason, Anderson & Stowe. The acquisition provides Simeio with the resources for strengthening its solutions suite, building out its technology, and expanding geographically. Terms of the deal were not disclosed.

security

Canada-based digital rights management and file security firm WatchDox has been acquired by BlackBerry for approximately $150 million. The acquisition will allow BlackBerry to building out its research and development program while integrating WatchDox’s technology into its Enterprise Mobility Management portfolio. Further terms of the deal have not been disclosed.

Information

healthcare information

Consumer health insurance information provider Gravie has raised $12.5 million in Series B funding led by Split Rock Partners with participation from Aberdare Ventures and FirstMark Capital. The company has raised $26 million to date and will use the new round of funding for expanding geographically.

legal information

Risk Management Strategies, a provider of information solutions for protecting people and the trusts they administer from employer liability, has received an undisclosed investment from Alpine Investors. The company will use the new funding for pursuing strategic growth initiatives. Terms of the deal were not disclosed.

Business Services

bpo

Outsourced substitute teacher and paraprofessional managed services provider Source4Teachers has been acquired by Nautic Partners. The acquisition will provide Source4Teacher with the resources for increasing its technology. Terms of the deal were not disclosed.

financial consulting

Lightyear Capital has acquired a majority stake in financial planning and advisory services provider Wealth Enhancement Group. The acquisition will provide Wealth Enhancement Group with the resources to scale as Lightspeed looks to expand its portfolio in the wealth management market. Terms of the deal were not disclosed.

staffing

Transportation staffing firm TransForce has acquired Davis Transportation Services, a provider of commercial transportation staffing solutions. The acquisition coincides with TransForce’s growth strategy as the company looks to expand in the Northeast. 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.

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