Daily Deal Activity 05/04/15

Digital Media/Commerce

classifieds/auctions/p-to-p

Artivest, developer of a platform that connects private equity and hedge funds with suitable investors, has raised $15 million in Series A funding led by KKR with participation from RRE Ventures, Nyca Partners, Anthemis Group, and FinTech Collective. The company will use the new round of funding for continuing to develop its platform.

ecommerce

India-based foodtech delivery startup SpoonJoy has raised $1 million in a round of funding from SAIF Ventures. The company will use the new round of funding for expanding brand awareness while increase the logistics capabilities of its platform.

ecommerce

UK-based hair and beauty marketplace Wahanda has raised $46 million in a round of funding from majority stake investor Recruit Holdings. The company will use the new round of funding for continued European growth and future international expansion.

mobile content/apps

Mobile trivia app developer gameit has raised $1.6 million in a round of funding from DAK Capital with participation from private investors. The company will use the new round of funding for customer acquisition, research and development, continued growth, and building out brand relationships.

mobile content/apps

Retale, a mobile app that allows users to browse store circulars for coupons, has raised $12 million in a round of funding from Axel Springer with participation from Bonial international Group. The company will use the new round of funding for international expansion.

social media/apps, ecommerce

Music streaming service provider Spotify has raised $350 million in a round of funding from Goldman Sachs at a valuation of $8.4 billion. The company has raised $900 million to date and the new funding is considered the first wave of a Series E. Further investors have not been disclosed.

Digital Advertising

vertical search

Online and mobile group travel planner Travefy has raised $1.8 million in a round of funding from Travel and Transport, Nelnet, and Linseed Capital. The company will use the new round of funding for accelerating expansion while focusing on product development.

Marketing Technology

content management

Australia-based online design platform Canva has raised $6 million in a round of funding from Matrix Partners, Shasta Ventures, Blackbird Ventures, and AirTree Ventures. The company will use the new round of funding for launching and developing its business-focused product.

content management

Enterprise content management solutions provider InStream has acquired document management and automated workflow solutions developer Tallega Software. The acquisition provides InStream with increased automation capabilities for its healthcare and government applications. Terms of the deal were not disclosed.

email/messaging software

High volume and cross platform push notification service provider OneSignal has raised $2 million in a round of funding from Raktuen Ventures and Y Combinator. The company will use the new round of funding for launching a web push notification service.

market research

Canada-based property information and real estate market insights provider Real Matters has raised $60 million in a round of funding from Whitecap Venture Partners. The company will use the new round of funding for expanding its reach through strategic acquisitions.

mrm/workflow management

Sales team workflow tools developer Outreach has raised $2.3 million in a round of funding from MHS Capital, Floodgate, and Version One Ventures. The company will use the new round of funding for building out new capabilities, increasing its customer base, and expanding its development and marketing team.

Software

healthcare

UK-based medication and supply automation products developer Avantec Healthcare has been acquired by Omnicell (Nasdaq:OMCL). The acquisition establishes Omnicell with a direct selling presence in the UK as the company looks to expand internationally. Terms of the deal were not disclosed.

sofware development tools

Cyan (NYSE:CYNI), a provider of software and platforms for enabling open, agile, and scalable software-defined networks, has been acquired by Ciena Corporation (NYSE:CIEN) for $400 million. The acquisition provides Ciena with enhanced network monetization capabilities for its Agility software portfolio. Further terms of the deal were not disclosed.

Information

healthcare information

Finland-based telemedicine platform developer MeeDoc has raised $3.9 million in a round of funding from XLHealth. The company will use the new round of funding for continued product development and domestic expansion.

healthcare information

Health IT startup MORE Health, which connects Chinese doctors and their patients with US specialists, has raised $3 million in Series A funding from New Enterprise Associates. The company will use the new round of funding for continued domestic expansion while forming more partnerships with the US medical system.

Business Services

bpo

Revenue cycle consulting, accounts receivable outsourcing, and workmen’s compensation billing solutions provider QUBE has been acquired by GetixHealth, a portfolio company of Trivest Partners. The acquisition coincides with GetixHealth’s add-on acquisition strategy. Terms of the deal were not disclosed.

hr

Integrated Healthcare Strategies, a provider of strategic human resources consulting services for healthcare organizations, has been acquired by Arthur J. Gallagher & Co. (NYSE:AJG). The acquisition is complimentary to Arthur J. Gallagher & Co.’s healthcare niche as the company looks to enhance its human resources capabilities. Terms of the deal were not disclosed.

training

Personalized-education micro school network AltSchool has raised $100 million in a round of funding led by Founders Fund and Andreessen Horowitz with participation from Emerson Collective, First Round Capital, Learn Capital, Omidyar Network, and private investors. The company will use the new round of funding for opening more schools in existing and new markets while developing new functionality for its platform.

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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