Daily Deal Activity 05/20/15

Digital Media/Commerce

ecommerce

Online music analytics service Next Big Sound has been acquired by Pandora Media. The acquisition bolsters Pandora’s Artist Marketing Platform as the company expands its suite of tools tailored for musicians. Terms of the deal were not disclosed.

ecommerce

Redbubble, developer of an online marketplace for artist designed products, has raised $15.5 million in a round of funding from Acorn Capital and Piton Capital. The company will use the funding for accelerating product roll out while focusing on international expansion.

mobile content/apps

Blade, developer of an app for booking on-demand helicopter transport services, has raised $6 million in a round of funding from private investors. The company will use the new round of funding for expanding its logistics and operator services.

mobile content/apps

On-demand business apps developer Directly has raised $10 million in Series A funding led by Costanoa Venture Capital with participation from True Ventures, Crunchfund, and Toba Capital. The company will use the new round of funding for hiring engineers to accelerate product development and marketing.

mobile content/apps

Wearables app developer Little Labs has raised $3 million in a round of funding led by New Enterprise Associates with participation from Lightspeed Ventures, and Lowercase Capital. The company will use the new round of funding for appealing to broader audiences.

niche content

Crest Media and Real Clear Investors have acquired a 51 percent stake in online political news and analysis provider RealClearPolitics from Forbes Media. Crest Media will cross-promote RealClearPolitics content alongside its Middle East news outlet Al-Monitor. Terms of the deal were not disclosed.

niche content

Online motorsport enthusiast publication provider WorldCarFans.com has been acquired by online motorsport news and information site Motorsport LLC. The acquisition provides Motorsport with an increased online media portfolio. WorldCarFans.com will be rolled into Motorsport’s Motor1.com portfolio. Terms of the deal were not disclosed.

social media/apps

Social weather company Weathermob has been acquired by Japan-based weather information service company Weathernews. The acquisition provides Weathernews with a social weather prediction platform for utilizing on-the-ground weather observation. Terms of the deal were not disclosed.

Digital Advertising

comparison shopping

E-book deal and daily newsletter provider BookBub has raised $7 million in a round of funding from Bloomberg Beta, NextView Capital, Founder Collective, and Avalon Ventures. The company will use the new round of funding for expanding headcount.

digital video, mobile content/apps

Mobile live streaming startup FlyOnWall has raised $3 million in Series B funding from private investors. The company will use the new round of funding for launching a new live streaming product while expanding its product development and marketing efforts.

online lead generation

India-based home design service provider Livspace has acquired Dwll.in, operator of an online network for interior designers. The acquisition bolsters Livspace’s catalogue as the company develops a go-to-market strategy for international expansion. Terms of the deal were not disclosed.

online lead generation

Stride Health, developer of a health insurance platform for freelancers and independent contractors, has raised $13 million in Series A funding led by Venrock with participation from Fidelity Biosciences and New Enterprise Associates. The company has raised $17.5 million to date and will use the new funding for releasing additional products.

search marketing

France-based search-as-a-service provider Algolia has raised $18.3 million in a round of funding led by Accel Partners with participation from Alven Capital, Point Nine Capital, Storm Ventures, and Lead Edge Capital. The company will use the new round of funding for product development, international expansion, and increasing headcount.

Marketing Technology

analytics & targeting

CloudTags, developer of an analytics platform for physical stores, has raised $2 million in a round of funding from IDEA Fund Partners, Alerion Ventures, Knoll Ventures, and Hallett Capital. The company will use the new round of funding for launching an in-store remarketing service.

analytics & targeting

Real-time mobile data, predictive decisioning, and marketing automation platform Invisible Media has raised $1 million in a round of funding from SMS Marketing Services. The company will use the new round of funding for building out its analytics features.

analytics & Targeting

Healthcare predictive analytics company Predilytics has been acquired by healthcare engagement technology firm Welltok. The acquisition provides Welltok with enhanced consumer intelligence and analytical capabilities as Predilytics is folded into Welltok’s CafeWell Health Optimization Platform. Terms of the deal were not disclosed.

analytics & Targeting, content management

Social media management startup SimplySocial has been acquired by data platform firm Matchfire. The acquisition enhances Matchfire’s consumer data analytics and social media campaign management capabilities. Terms of the deal were not disclosed.

bi tools

IT and business process outsourcing solutions provider Datamatics has acquired business intelligence solutions provider 1KEYsuite from MAIA Intelligence. The acquisition strengthens Datamatics’ position in the BI and Analytics space. Terms of the deal were not disclosed.

commerce management

eCommerce WordPress plugin WooCommerce has been acquired by WordPress.com operator Automattic for $30 million. The acquisition provides Automattic with online store publishing capabilities. Further terms of the deal were not disclosed.

content management

Finland-based SaaS cloud TV platform developer Booxmedia has been acquired by Amino Communications for $8.8 million. The acquisition bolsters Amino Communications’ media capture, encoding, and delivery capabilities. Further terms of the deal were not disclosed.

media management system

Advertising technology company Centro has raised $30 million in a round of funding led by Neuberger Berman Private Equity with participation from FTV Capital. The company will use the new funding for building out its technology while pursuing acquisitions.

Agency & Marketing Services

digital agency

Technical marketing solutions provider Red Ember Marketing has been acquired by 190West, a digital marketing division of direct marketing agency 190 Group. The acquisition provides 190West expanded headcount and talent. Terms of the deal were not disclosed.

specialty agency

UK-based data-driven sports marketing agency Two Circles has been acquired by WPP. Two Circles will be folded into ESP Properties, GroupM’s sports and entertainment rightholders division. Terms of the deal were not disclosed.

Software

collaboration

Cloud video conference company Fuze has raised $20 million in a round of funding from Hermes Growth Partners. The company will use the new round of funding for expanding its platform while building out the capabilities of its project workplace and distributed team solutions.

data management

AMI Software, a developer of software for gathering, managing, and processing textual data, has been acquired by Bertin Technologies. The acquisition folds AMI Software into Bertin’s IT division as the company progresses toward international expansion. Terms of the deal were not disclosed.

data management

Coho Data , a provider of web-scale flash storage solutions for the enterprise, has raised $30 million in Series C funding led by March Capital Partners with participation from Hewlett Packard Ventures, Intel Capital, Andreessen Horowitz, and Ignition Partners. The company has raised $67 million to date and will use the new round for growing in new markets and broadening its product portfolio.

financial

Strongroom Solutions, a developer of accounts payable software for small business, has been acquired by AvidXchange, a provider of accounts payable and payment automation solutions. The acquisition bolsters AvidXchange’s payment provider position in the real estate market. Terms of the deal were not disclosed.

financial

WePay, a payments provider for online platforms, has raised $40 million in Series D funding led by FTV Capital with participation from Rakuten, Highland Capital Partners, August Capital, Continental Investors, and Ignition Partners. The company has raised $75 million to date and will use the new round of funding for expanding its services globally.

healthcare

TA Associates has made a majority investment in child care management solutions developer Procare Software. The acquisition provides Procare Software with an expanded network of contacts as the company looks to build out its management team. Terms of the deal were not disclosed.

hr

Vietnam and China-based employee-benefit delivery platform developers MobiVi and Micro Benefits have raised undisclosed amounts of funding from Unitus Impact. The companies will use the new round of funding for solidifying partnerships with multinational clients.

infrastructure

SAManage, a provider of cloud integrated enterprise service desk software, has raised $16 million in a round of funding led by Marker LLC and Vintage Investment Partners with participation from Carmel Ventures, Gemini Israel Ventures, and Silicon Valley Bank. The company will use the new round of funding for scaling its engineering and customer facing teams.

Business Services

hr consulting

Customer experience consulting and feedback technology company Nunwood has been acquired by KPMG. The acquisition allows KPMG to offer a full-service customer management program to its clients. Terms of the deal were not disclosed.

staffing

Retained executive search firm O’Neill Consulting Group has acquired executive search and organizational advisory services provider DMR Advisory. The acquisition strengthens O’Neill’s consumer practice as it increases its client portfolio. Terms of the deal were not disclosed.

training

Healthcare and workplace safety training and compliance services provider Health & Safety Institute has raised an undisclosed investment from The Riverside Company. The investment will allow Health & Safety Institute to further develop its technology as it begins to pursue acquisitions.

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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