Daily Deal Activity 09/10/15

Digital Media/Commerce

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

Online social crowdfunding platform Fundly has been acquired by NonProfitEasy, a provider of data management solutions for nonprofits. The acquisition will see NonProfitEasy rebrand under the Fundly image. Terms of the deal were not disclosed.

ecommerce

India-based b-to-b online industrial material marketplace Industrybuying.com has raised $9 million in Series B funding led by Kalaari Capital with participation from SAIF Partners. The company will use the new round of funding for establishing fulfillment centers for processing orders.

ecommerce

Used apparel marketplace ThredUP has raised $81 million in Series E funding led by Goldman Sachs. The company has raised $125 million to date and will use the new round of funding for expanding operations in order to meet customer demand.

Digital Advertising

mobile marketing

Spain-based online marketing platform Klikin has raised $1.9 million in a round of funding from Caixa Capital with participation from Padeinvest. The company will use the new round of funding for expanding operations and developing its product.

mobile marketing

Israel-based application software discovery and delivery platform IronSource will merge with mobile advertising technology platform Supersonic. The combined company is expected to generate revenues of $450 million. Terms of the deal were not disclosed.

search marketing

eCommerce media solutions provider HookLogic has raised $15.5 million in Series C funding from Fung Capital, Mousse Partners, Bain Capital Ventures, and Intel Capital. The company will use the funding for accelerating international expansion initiatives.

Marketing Technology

bi tools

Australia-based workforce management software developer RITEQ has acquired business intelligence and data visualization solutions provider Vedelem. The acquisition provides RITEQ an expanded cloud-based data visualization dashboard offering. Terms of the deal were not disclosed.

content management

Video-processing and delivery solutions provider Envivio (Nasdaq:ENVI) will be acquired by communications technology and services provider Ericsson in a deal valuing the company at $125 million. Envivio has reported revenues of $43 million and will be integrated into Ericsson’s TV and media business.

social technology            

Social advertising tools developer Unified has raised $30 million in Series B funding led by iHeartMedia with participation from Advance Publications, Foundry Group, and Upfront Ventures. The company will use the new round of funding for expanding into new markets while developing new product offerings.

Agency & Marketing Services

general agency

Vietnam-based activation, design, and communications agency Riverorchid has been acquired by Havas. The acquisition provides Riverorchid with an expanded client network as the company looks to expand its presence in the Indo-China region. Terms of the deal were not disclosed.

public relations

Technology and financial services public relations firm Feintuch Communications has acquired media relations agency Roher Public Relations. The acquisition provides Feintuch Communications with expanded service offerings. Terms of the deal were not disclosed.

Software

big data

Big data analytics company Optimal+ has raised $2 million in Series C funding from KKR, Pitango Venture Capital, and Carmel Ventures. The company has raised $72 million to date and will use the funding for continued product development and research and development efforts.

data management

Data preparation and analysis platform Paxata has raised $18 million in Series C funding led by EBDI with participation from Accel Partners and Toba Capital. The company will use the funding for expanding research and development while focusing on sales and marketing expansion efforts.

erp

Telecommunications resource planning software developer Aktavara has been acquired by vertical-market enterprise software developer Enghouse Systems. The acquisition provides Aktavara with a broadened global footprint. Terms of the deal were not disclosed.

financial

Cash flow optimization tools developer Fundbox has raised $50 million in a round of funding led by Spark Capital with participation from Bezos Expeditions, Sound Ventures, Entrée Capital, Khosla Ventures, General Catalyst Partners, and Blumberg Capital. The company will use the round of funding for investing in product development.

geo-demo

Mapping software startup CartoDB has raised $26 million in a round of funding led by Accel Partners with participation from Salesforce Ventures, Earlybird Ventures, and Kibo Ventures. The company will use the new round of funding for increased data visualization initiatives.

hr

Field Nation, operator of a marketplace for on-demand workforce management, has raised $30 million in a round of funding from Susquehanna Growth Equity. The company will use the funds for investing in product development and marketing efforts while hiring talent.

security

Israel-based automotive cybersecurity platform Argus Cyber Security has raised $26 million in Series B funding from Magna International, Allianz, Magma Venture Partners, and Vertex Venture Capital. The company will use the new round of funding for expanding operations.

Information

financial information, marketing data

Construction industry cost estimation data firm BNi Building News has acquired construction and design services cost estimating technology and magazine provider Design Cost Data. The acquisition expands BNi’s existing cost estimation database. Terms of the deal were not disclosed.

geo-demo information

Parking data and mobile parking reservation company ParkMe has been acquired by Inrix, a provider of traffic data to enterprises. The acquisition provides Inrix with expanded features for non-enterprise users. Terms of the deal were not disclosed.

hr information, hr consulting

Sun Life Financial will acquire Assurant’s employee-benefits business Interfinancial for $975 million. The acquisition allows Assurant to narrow its focus on providing expanded niche housing and lifestyle protection offerings.

Business Services

healthcare consulting

Cardon Outreach, a provider of revenue cycle management for healthcare providers and a portfolio company Serent Capital, has merged with hospital and healthcare enrollment services provider Diversified Healthcare Resources. The acquisition provides Cardon Outreach with a broadened portfolio of offerings. 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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