Daily Deal Activity 08/20/15

Digital Media/Commerce

classifieds/auctions/p-to-p

China-based peer-to-peer lending site Dianrong.com has raised $207 million in Series C funding from Standard Chartered Private Equity and China Fintech Fund. The round of funding comes during a time of heightened regulation for online lending and crowdfunding platforms in China.

ecommerce

Singapore-based online grocer and marketplace RedMart has raised $26.7 million in a round of funding from Garena, SoftBank, Visionnaire Ventures, and Far East Ventures. The company will use the new round of funding for international expansion as the company looks to launch its on-demand marketplace.

gaming

Reality gaming startup castAR has raised $15 million in Series A funding from Playground Capital. The company will use the new round of funding for product development efforts while expanding its engineering, design, and marketing divisions.

mobile content/apps

Nutrition coaching app Rise has acquired HealthyOut, a healthy restaurant food recommendation startup. The acquisition provides Rise with enhanced fitness and nutrition tracking capabilities. Terms of the deal were not disclosed.

niche content

Accounting news publication Going Concern has been acquired by accounting profession career community operator Accountingfly. The acquisition will see Going Concern continue to operate independently while providing Accountingfly with expanded content. Terms of the deal were not disclosed.

Digital Advertising

ad networks/exchanges

Programmatic publishing and advertising platform company sovrn Holdings has raised $18 million in a round of funding led by Foundry Group with participation from Oak Investment Partners and Archer Venture Acquisitions. The company will use the new round of funding accelerating inorganic growth.

local search, niche content

Digital media company Remark Media has acquired destination travel website VEGAS.com for $28 million. The acquisition strengthens Remark Media’s website portfolio as the company looks to gear itself toward millennials through content enhancements. Further terms of the deal were not disclosed.

local search

Online medical care scheduling service ZocDoc has raised $130 million at a reported valuation of $1.8 billion in a round of funding led by Baillie Gifford and Atomico with participation from Founders Fund. The company will use the new round of funding for developing products for its marketplace while extending its platforms capabilities beyond scheduling.

Marketing Technology

analytics & targeting

Data analytics reports platform Mode has raised $7.5 million in a round of funding led by Foundation Capital with participation from Arnold Capital and Goldcrest Investments. The company will use the new round of funding for developing new integrations for its platform.

analytics & targeting

Predictive mobile shopping technology developer Tastebud Technologies has been acquired by gift card marketplace operator Raise. The acquisition will see Tastebud integrated into Raise’s platform as the company looks to continue expanding headcount. Terms of the deal were not disclosed.

content management

Reelio, developer of a platform for connecting brands with YouTube creators, has raised $5.1 million in a round of funding from undisclosed investors. The company will use the new round of funding for investing in its platforms technology.

social technology, media management system

Social marketing company Shoutlet has been acquired by social media monitoring platform developer Spredfast. The acquisition will expand Spredfast’s social relationship management offerings with strengthened data capabilities. Terms of the deal were not disclosed.

web to print

Editing and publishing services provider Colborne Communications has acquired crowdfunding book platform operator Pubslush. The acquisition will allow Pubslush to continue operations. Terms of the deal were not disclosed.

Traditional Media

traditional outdoor

New Zealand-based billboards company Roadside Attractions has been acquired by APN Outdoor for $4.3 million. The acquisition expands APN Outdoor’s geographically reach. Further terms of the deal were not disclosed.

Software

collaboration

Cloud collaboration platform Aconex has acquired collaboration platform Keystone from CIMIC for $6.4 million. The acquisition will provide Aconex with enhanced functionality for infrastructure projects. Further terms of the deal were not disclosed.

healthcare

Electronic medical record solutions provider WebPT has acquired web-based physical therapist practice management software developer Therabill. The acquisition provides WebPT with expanded end-to-end offerings. Terms of the deal were not disclosed.

healthcare

Zephyr Health, a provider of insights-as-a-service solutions for the healthcare industry, has raised $17.5 million in a round of funding led by Google Ventures with participation from Kleiner Perkins Caufield & Byers and Icon Ventures. The company has raised $35.5 million to date and will use the round of funding for launching new products.

hr

Labor management solution AutoTime has been acquired by automated workforce solutions provider Kronos Incorporated from Kaba Workforce Solutions. The acquisition provides Kronos with an expanded customer base. Terms of the deal were not disclosed.

security

SaaS-based identification and mobile security vulnerability software developer AppInside has raised $2.3 million in a round of funding from Accomplice. The company will use the new round of funding for commercializing its platform while expanding headcount.

Information

healthcare information

Healthcare provider identification platform Grand Rounds has raised $55 million in Series C funding from Greylock Partners, Venrock, and Harrison Metal. The company has raised $106 million to date and will use the new round of funding for expanding its technology and analytics 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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: