Daily Deal Activity 01/06/16

Digital Media/Commerce

ecommerce

Japan-based fashion box startup AirCloset has raised $8.4 million in Series B funding led by JAFCO with participation from Terrada and Credit Saison. The company will use the funding for expanding its clothing stock while hiring talent.

ecommerce

Mexico-based online furniture retailer Gaia Design has raised $2.5 million in a round of funding led by Capital Invent and Rise Capital with participation from Cubo Capital. The company will use the new round of funding for expanding its presence domestically.

Digital Advertising

search marketing

Search engine and social networking firm Effilab has been acquired by France-based advertising services company Solocal Group. The acquisition provides Effilab with expanded local listing capabilities. Terms of the deal were not disclosed.

vertical search, niche content

Travel bookings and blogging site Qyer.com has raised $60 million in Series D funding from UTour International Travel. The company will use the new round of funding for integrating its platform with UTour’s distribution channels.

Marketing Technology

bi tools

Cloud-based business intelligence solutions company DataHero will be acquired by cloud cost management solutions provider Cloudability. The acquisition provides Cloudability with an expanded presence in the cloud computing market. Terms of the deal were not disclosed.

commerce management

Vendevor, developer of an eCommerce platform and mobile app for selling across multiple channels, will be acquired by Payscape. The acquisition provides Payscape with eCommerce store offering for small businesses. Terms of the deal were not disclosed.

crm

Sales automation and customer relationship management platform developer Sales Simplicity Software will be acquired by MiTek Industries. The acquisition provides MiTek with strengthened sales capabilities for the real estate industry. Terms of the deal were not disclosed.

Agency & Marketing Services

digital agency

Stagwell Group will acquire a majority stake in digital creative agency Code and Theory. The acquisition will see Code and Theory operate independently within Stagwell Group as the private equity firm looks to expand its digital marketing services portfolio. Terms of the deal were not disclosed.

digital agency

Canada-based creative agency Grip will be acquired by Dentsu Aegis Network. The acquisition is complimentary to Dentsu’s client base and will see Grip operated independent of Dentsu’s other Canada-based holdings. Terms of the deal were not disclosed.

public relations

Canada-based public relations firm Acertys will be acquired by Hill+Knowlton Strategies. The acquisition will be complimentary too H+K’s public consultant and engagement division. Terms of the deal were not disclosed.

Traditional Media

consumer book publishing

Penguin Random House has sold its self-publishing business Author Solutions to private equity firm Najafi Companies. Penguin Random House originally acquired Author Solutions in 2012 for $116 million. Terms of the deal were not disclosed.

Software

big data

Blockchain platform developer Gem has raised $7.1 million in Series A funding led by Pelion Venture Partners with participation from KEC Ventures, Blockchain Capital, and RRE Ventures. The company will use the funding for hiring talent.

healthcare, data management

Healthcare reimbursement data management platform Aver has raised $13.6 million in a round of funding led by Heritage Group with participation from Cardinal Health, GE Health, Hearst Health Ventures, and NCT Ventures. The company will use the funding for scaling operations.

healthcare

Oncology software developer Flatiron Health has raised $175 million in Series C funding led by Roche with participation from Allen & Company, Baillie Gifford, and Casdin Capital. The company will use the round of funding for developing its software platform.

healthcare

China-based healthcare management platform Weitang has raised $10 million in Series B funding from Yidu Cloud. The company will use the new round of funding for product development while expanding internationally.

legal

eDiscovery services provider LDiscovery will be acquired by The Carlyle Group and Revolution Growth. The acquisition provides LDiscovery with the resources for building out its information discovery and governance solutions. Terms of the deal were not disclosed.

Business Services

hr consulting

Web development career services startup DevBridge will be acquired by online education startup Bloc. The acquisition provides Bloc with expanded career support and job placement capabilities. Terms of the deal were not disclosed.

hr consulting

Human resource outsourcing company Fortune Financial will be acquired by human resource consulting firm HR Outsourcing. The acquisition provides HR Outsourcing with complimentary capabilities and expanded scale. Terms of the deal were not disclosed.

it consulting/systems integration

UK-based managed services provider iHotdesk will be acquired by packaged cloud services company Cloud Direct. The acquisition provides Cloud Direct with expanded on premise support capabilities. Terms of the deal were not disclosed.

it consulting/systems integration

Canada-based IT consulting company ISPW BenchMark Technologies will be acquired by IT software and solutions company Compuware. The acquisition provides Compuware with an expanded international presence. 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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