Daily Deal Activity 06/11/15

Digital Media/Commerce

classifieds/auctions/p-to-p

Bright Funds, developer of an employee workplace giving programs, has raised $1.8 million in a round of funding led by Aspiration Growth with participation from Bloomberg BETA and Wellspring Growth Partners. The company will use the new round of funding for expanding marketing and sales while enhancing the features of its enterprise platform.

ecommerce

Bouquet eCommerce company BloomThat has raised $5.5 million in Series A funding from Sherpa Capital, First Round Capital, Rothenberg Ventures, Forerunner Ventures, and Vaizra Investments. The company will use the new round of funding for geographic expansion while hiring talent.

ecommerce

Online food delivery company JUST EAT has acquired two Italy-based online takeaway delivery companies DeliveRex and Clicca e Mangia. The acquisition expands Just Eat’s geographic presence as it continues on an acquisition spree. Terms of the deals were not disclosed.

ecommerce

France-based children’s product eCommerce firm Smallable has raised $6.1 million in a round of funding led by Alven Capital with participation from Sigma Gestion and Aurinvest. The company will use the new round of funding for expanding its presence internationally.

ecommerce

On-demand home services platform developer Zimmber has raised $12 million in a round of funding from undisclosed investors. The company will use the new round of funding for enhancing its technology, developing marketing initiatives, and expanding its geographic footprint.

gaming

China Mobile Games and Entertainment Group will be taken private by Pegasus Investment Holdings for $689 million. The acquisition represents 2.7x revenue, and the will provide the company with resources for competing with self-developed gaming and publishing businesses.

Digital Advertising

ad networks/exchanges

TripleLift, developer of a supply-side platform for native advertising, has raised $10.5 million in Series B funding led by Edison Partners with participation from iNovia Capital, True Ventures, NextView Ventures, and Laconia Capital Group. The company will use the new round of funding for expanding its platform and native ad exchange into international markets.

comparison shopping

Website publisher and website host Webedia has acquired a majority stake in travel deal comparison site Easyvoyage from Gimv NV. The acquisition provides Webpedia with an increased travel media portfolio. Terms of the deal were not disclosed.

online lead generation

B-to-B but customer acquisition and lead generation company Underground Elephant has purchased ZipQuote, operator of a website that provides information to consumers shopping for insurance. The acquisition provides Underground Elephant with an expanded proprietary lead generation portfolio. Terms of the deal were not disclosed.

online lead generation

Canada-based do-it-yourself ticketing company Universe and festival ticketing company Front Gate have been acquired by Live Nation’s Ticketmaster. The acquisitions provide Ticketmaster with enhanced marketing and management tool capabilities for event and festival organizers as the company looks to further develop its ticketing marketplace. Terms of the deals were not disclosed.

Marketing Technology

analytics & Targeting

Call marketing optimization platform Convirza has raised $20 million in a round of funding from undisclosed investors. The company will use the new round of funding for product development initiatives while pursuing potential acquisitions.

analytics & Targeting

Predictive analytics startup Velos has been acquired by AOL. The acquisition will see Velos shut down and integrate with AOL while providing the company with enhanced data set connection, data clean up, and predictive modelling capabilities. Terms of the deal were not disclosed.

analytics & Targeting

Email tracking and analytics tools developer YesWare has raised $13.3 million in Series C funding led by Foundry Group with participation from Battery Ventures, Google Ventures, Golden Venture Partners, and IDG Ventures. The company has raised $30 million to date and will use the new round of funding for scaling operations.

bi tools

Local intelligence and marketing platform Local ID has raised $1.9 million in a round of funding led by Crosscut Ventures with participation from TenOneTen, Baroda Ventures, Double M Partners, and Queens Bridge Venture Partners. The company will use the new round of funding for investing in product development.

commerce management

Personali, a provider of online real-time price adjustment services for retailers, has raised $12 million in a round of funding for Norwest Venture Partners. The company has raised $15 million to date and will use the new round of funding for building out its platforms capabilities.

content management

Enterprise-grade guidance and engagement platform developer WalkMe has raised $25 million in Series D funding led by Greenspring Associates with participation from Scale Venture Partners, Giza Venture Capital, and Gemini Israel Ventures. The company will use the new round of funding for building out customer experience enhancements.

email/messaging software

Locent, developer of a text-messaging platform focused on the phone order market, has raised an undisclosed amount of funding from Chaac Ventures. The company will use the new round of funding for expanding product capabilities and ramping up sales efforts.

mobile technology

Mobile point-of-sale company SumUp has raised an undisclosed amount of funding from Venture Incubator. The company has raised $45 million to date and will use the new round of funding for building out its open end-to-end payment platform with the focus of expanding into new areas.

Software

application management

Application management services provider BlueStripe Software has been acquired by Microsoft. Microsoft will integrate BlueStripe’s technologies into several of its products as it looks to develop increased solutions for companies that run non-Microsoft products. Terms of the deal were not disclosed.

security

Spam and phishing detection services provider NumberCop has been acquired by Whitepages. The acquisition provides Whitepages with enhanced security capabilities for its Caller ID app and web and API business. Terms of the deal were not disclosed.

security

Cloud-based email security and archiving firm Relfexion has been acquired by IT security and data protection services firm Sophos. The acquisition provides Sophos with cloud-based email security for its cloud offering. Terms of the deal were not disclosed.

Business Services

bpo        

Spend management and business process automation solutions provider Hubwoo will be acquired by Perfect Commerce, a developer of source-to-pay applications. The acquisition would enhance Perfect Commerce’s catalog management and network-based process automation capabilities. Terms of the deal were not disclosed.

it consulting/systems integration

IT solutions and staffing company BCforward has acquired financial services IT consulting firm Global Networkers. The acquisition provides BCforward with increased scale as the company looks to expand its presence geographically. 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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