Daily Deal Activity 07/28/15

Digital Media/Commerce

classifieds/auctions/p-to-p, social media/apps

BiddingForGood, operator of a platform for matching nonprofits with possible fundraisers and shoppers, has been acquired by fundraising and social responsibility platform operator FrontStream Holdings. The acquisition provides FrontStream with expanded platform capabilities. Terms of the deal were not disclosed.

ecommerce

UK-based on-demand restaurant delivery service Deliveroo has raised $70 million in Series C funding led by Greenoaks Capital and Index Ventures with participation from Accel Partners and Hoxton Ventures. The company has raised $100 million to date and will use the new round of funding for international expansion.

ecommerce

India-based online shopping destination Flipkart has raised $700 million in a round of funding at a reported valuation of $15 billion from Steadview Capital and Tiger Global Management. The company has raised $3.2 billion to date and will use the new round of funding for matching domestic competition from Amazon.

ecommerce

India-based online furniture marketplace Pepperfry.com has raised $100 million in a round of funding from Goldman Sachs, Zodius Technology Fund, Bertelsmann Investments, and Norwest Venture Partners. The company will use the new round of funding for expanding its logistical footprint.

ecommerce

Germany-based personalized photo printing services provider posterXXL has been acquired by online digital photography company Photobox Group. The acquisition strengthens Photobox’s presence in the European personalized gifts B-to-C market. Terms of the deal were not disclosed.

ecommerce

On-demand legal marketplace UpCounsel has raised $10 million in Series A funding led by Menlo Ventures with participation from Homebrew and Metamorphic Ventures. The company has raised $13.9 million to date and will use the new round of funding for accelerating adoption of its marketplace.

gaming

Gaming company Razer has acquired the software assets of video game developer Ouya. The acquisition expands Razer’s technical and developer relations teams while strengthening its Android TV gaming business. Terms of the deal were not disclosed.

gaming

Israel-based social gaming startup Nextpeer has been acquired by messaging app developer Viber for $9 million. Nextpeer will be folded into Viber and provide the company with strengthened gaming platform capabilities. Further terms of the deal were not disclosed.

gaming

Japan-based social and mobile gaming company Gree has acquired Australia-based mobile gaming studio Twiitch. The acquisition allows Gree to expand into the Australian market as the gaming industry continues to consolidate. Terms of the deal were not disclosed.

Digital Advertising

local search

Tripping.com, a social travel site for vacation homes and short-term rentals, has raised $16 million in Series B funding led by Steadfast Capital with participation from Azure Capital. The company will use the new round of funding for expanding into international markets while building out its mobile offering.

vertical search

Online legal directory Avvo has raised $71.5 million in a round of funding led by Technology Crossover Ventures with participation from Vulcan Capital and Coatue Management. The company has raised $132 million to date and will use the new funding for increasing brand awareness.

Marketing Technology

mobile technology

Mobile point-of-sale and business management solutions provider ShopKeep has raised $60 million in Series D funding from Activant Capital. The company has raised $97.2 million to date and will use the new round of funding for growing its US customer base and strengthening industry partnerships.

mobile technology

Mobile growth platform Yozio has raised $7 million in Series A funding led by Foundation Capital with participation from Illuminate Ventures, Webb Investment Network, and AME Cloud Ventures. The company will use the new round of funding for accelerating development of its platform while expanding its engineering and business development teams.

Software

engineering

Construction automation technology company On Center Software has been acquired by healthcare engineering software developer Roper Technologies. The acquisition provides On Center Software the resources for product development efforts. Terms of the deal were not disclosed.

enterprise mobility

Mobi, provider of a platform for enterprises to manage mobile device environments, has raised $35 million in a round of funding from Bregal Sagemount. The company will use the new round of funding for broader go-to-market strategies while expanding internationally.

financial

Expense reporting software company Expensify has raised $17.5 million in a round of funding from OpenView Venture Partners. The company will use the new round of funding for building out its automated expense technology.

healthcare

Kareo, a provider of cloud-based solutions for independent medical practices, has raised $55.4 million in a round of funding led by Montreux Equity Partners with participation from Silver Lake Partners. The company will use the new round of funding for continuing to develop its product line.

legal

Intellectual property management and analytics platform Lecorpio has raised $15 million in a round of funding from M20. The company will use the new round of funding for product development while expanding into new markets.

security

Endpoint security and cyber threat prevention company Cylance has raised $42 million in Series C funding led by DFJ Growth with participation from KKR, Dell Ventures, CapitalOne Ventures, and TenEleven Ventures. The company will use the new round of funding for international expansion while accelerating sales and marketing efforts.

Information

financial information

Digital marketing solutions company Progressive Digital Media will acquire assets from Informa for $39 million. The assets include the Datamonitor Financial, Datamonitor Consumer, MarketLine, and Verdict businesses and will be acquired under the title Verdict Research. Further terms of the deal were not disclosed.

Business Services

management consulting

Enterprise software development firm Code Rebel Corp. (Nasdaq:CDRB) has acquired management and technology consulting services firm ThinOps Resources for $9.3 million in cash and stock. The acquisition provides Code Rebel with expanded distribution channels.

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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