Daily Deal Activity 09/18/15

Digital Media/Commerce

classifieds/auctions/p-to-p

Small business online credit marketplace Fundera has raised $11.5 million in Series B funding led by Susquehanna Growth Equity with participation from QED Investors, Khosla Ventures, and First Round Capital. The company will use the new round of funding for expanding headcount while building out new products.

ecommerce

Canada-based food delivery startup Hurrier has been acquired by Germany-based online food ordering company foodora. The acquisition coincides with foodora’s global expansion strategy while providing the company with a strengthened customer base. Terms of the deal were not disclosed.

ecommerce

Spain-based Percentil, operator of a marketplace for secondhand children’s products, has raised $3.6 million in a round of funding led by Seaya Ventures with participation from Active Venture Partners. The company will use the new round of funding for expanding its presence internationally.

ecommerce

On-demand trash removal and recycling company Rubicon Global has raised $50 million at a reported post-money valuation of $500 million in a round of funding led by Nima Capital with participation from Goldman Sachs and Wellington Management. The company will use the new round of funding for expanding its services and scaling its technology.

ecommerce

Healthy cooking service provider Sun Basket has raised $4.5 million in a round of funding led by PivotNorth Capital and Baseline Ventures with participation from Vulcan Capital, Roth Capital, Rembrandt Ventures, Correlation Ventures, and Relevance Capital. The company will use the funding for expanding into new markets.

mobile content/apps

Meditation app developer Headspace has raised $34 million in a round of funding led by The Chernin Group with participation from Advancit Capital, Breyer Capital, Deerfield Management, Freelands Ventures, and WME. The company will use the funding for expanding headcount.

niche content

India-based CureJoy, operator of an online community for alternative medication experts, has raised $1.2 million in a round of funding from Accel Partners. The company will use the new round of funding for expanding geographically.

social media/apps

Portfolium, developer of a skills marketplace for students and employers, has raised $1.2 million in a round of funding from University Ventures and Vertical Venture Partners. The company will use the new round of funding for scaling its network.

Digital Advertising

ad networks/exchanges, content management

ChoiceStream, a provider of programmatic advertising for agencies and brands, has raised $14 million in Series C funding from North Atlantic Capital. The company will use the funding for developing its managed services offering, launching a self-service product, and expanding internationally.

Marketing Technology

mobile technology

Demibooks, provider of a publishing platform for interactive books, has been acquired by Educational Development Corporation. The acquisition will see Demibooks continue operating its book app authoring platform. Terms of the deal were not disclosed.

Agency & Marketing Services

digital agency

Ogilvy has acquired a majority stake in Brazil-based online performance, programmatic, and conversion marketing agency Jussi Intention Marketing. The acquisition coincides with WPP’s digital approach and Latin American expansion strategy. Terms of the deal were not disclosed.

Software

collaboration

Code collaboration open source software developer GitLab has raised $4 million in a round of funding from Khosla Ventures. The company will use the new round of funding for scaling operations, product development, marketing, and sales.

erp

Electronic document composition, processing, and delivery company Roler Data has been acquired by customer engagement software developer Doxim. The acquisition provides Doxim with new financial services clientele. Terms of the deal were not disclosed.

financial

Healthcare revenue cycle management company Ontario Systems has been acquired by Arlington Capital Partners. The acquisition provides Ontario Systems with the resources for product development initiatives. Terms of the deal were not disclosed.

financial

Investor relations websites and apps developer Q4 Web Systems has acquired Oxford Intelligence Partners, a provider of stock surveillance solutions. The acquisition provides Q4 Web System with engineering talent and expanded dataset capabilities. Terms of the deal were not disclosed.

security

UK-based cloud backup services provider Redstor has acquired South Africa-based data protection software developer Attix5. The acquisition provides Redstor with an expanded footprint in Africa. Terms of the deal were not disclosed.

Business Services

it consulting/systems integration

IT consulting and performance management solutions firm Market Street Solutions has been acquired by Perficient (Nasdaq:PRFT) for $10 million. The acquisition expands Perficient’s IBM analytics capabilities. Further 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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