Daily Deal Activity 01/20/16

Digital Media/Commerce

ecommerce

France-based on-demand music streaming service Deezer has raised $109 million in a round of funding led by Access Industries with participation from Orange. The company will use the funding for launching new products while focusing on customer acquisition initiatives.

ecommerce

Online motorsports retail company Onpole.com will be acquired by Motorsport.com. The acquisition will see Motorsport.com integrate Onpole.com into its newly launched eCommerce platform Motorstore.com. Terms of the deal were not disclosed.

ecommerce, mobile content/apps

General Motors has acquired Uber and Lyft competitor Sidecar. The acquisition will see Sidecar cease operations as General Motors bolsters its urban mobility division while looking to build out its transportation services brand Maven. Terms of the deal were not disclosed.

niche content

Health and wellness content publisher Greatist has raised $4.5 million in Series A funding led by Floodgate, Refinery29, and private investors. The company will use the funding for introducing original programs and content.

niche content

Penske Media will acquire independent film and television news website Indiewire.com. The acquisition provides Penske with an expanded presence in the entertainment content and news space. Terms of the deal were not disclosed.

niche content

Univision will acquire online satirical publication The Onion in a transaction reportedly valued at less than $200 million. The acquisition will see The Onion operated independently as Univision expands its reach to a younger audience. Further terms of the deal were not disclosed.

social media/apps

Ireland-based mobile music discovery platform developer Soundwave will be acquired by Spotify. The acquisition provides Spotify with an expanded product development division and strengthened mobile consumer experience capabilities. Terms of the deal were not disclosed.

Digital Advertising

digital promotion/coupon

China-based group deals site Meituan-Dianping has raised $3.3 billion at a reported valuation of $18 billion from Tencent, DST Global, TBP Capital, Canada Pension Plan Investment Board, Baillie Gifford, Capital Today, and Temasek. The company will use the funding for expanding its presence in the online-to-offline market.

vertical search

Beauty appointment booking platform StyleSeat will acquire salon and spa discovery platform BeautyBoooked. The acquisition provides StyleSeat with an expanded presence in the beauty and wellness space. Terms of the deal were not disclosed.

Marketing Technology

analytics & targeting

Travel data and analytics company Boxever has raised $12 million in Series B funding from Polaris Partners and Frontline Ventures. The company will use the funding for expanding its sales and customer support divisions.

email/messaging software

Email marketing campaign technology company Adestra has raised $7.2 million in a round of funding from Business Growth Fund. The company will use the new round of funding for expanding its presence in the US.

market research

Online panel management platform Kinesis Survey Technologies will be acquired by FocusVision. The acquisition provides FocusVision with expanded research technology tools for its market research suite. Terms of the deal were not disclosed.

mrm/workflow management

Workflow optimization platform CapLinked has raised $3.5 million in a round of funding led by Subtraction Capital with participation from Indicator Ventures. The company will use the funding for increased marketing initiatives.

Software

application management

Application delivery solution company Instart Logic has raised $45 million in a round of funding led by Geodesic Capital with participation from Hermes Growth Partners, Andreessen Horowitz, Kleiner Perkins Caufield & Byers, and Tenaya Capital. The company will use the funding for expanding its presence internationally.

big data

Captricity, developer of a SaaS-based digital translation solution for paper documents, has raised $35 million in Series C funding led by White Mountains Insurance Group with participation from Social Capital and Accomplice. The company will use the funding for expanding operations.

cloud computing

Cloud orchestration platform developer GigaSpaces Technologies has raised $20 million in a round of funding led by Claridge Israel with participation from FTV Capital and Intel Capital. The company will use the funding for product development efforts.

data management

Database load balancing software developer ScaleArc has raised $20 million in Series C funding led by Bain Capital Ventures with participation from Accel Partners, Trinity Ventures, and Nexus Ventures. The company will use the funding for expanding operations.

data management

Database management system developer Splice Machine has raised $9 million in a round of funding from Correlation Ventures and Mohr Davidow Ventures. The company has raised $31 million to date and will use the funding for customer acquisition initiatives.

erp

Process manufacturing software developer ProcessPro will be acquired by accounting and mobile software solutions company Open Systems. The acquisition provides Open Systems with an expanded geographic presence. Terms of the deal were not disclosed.

financial

Clinverse, a provider of financial lifecycle solutions for pharmaceutical companies, has been acquired by clinical trials services company Bioclinica. The acquisition provides Bioclinica with a strengthened financial management solution offering. Terms of the deal were not disclosed.

healthcare

Clinical documentation company Shareable will be acquired by unstructured data analytics company Digital Reasoning. The acquisition provides Digital Reasoning with expanded capabilities for its unstructured clinical data solution. Terms of the deal were not disclosed.

infrastructure

Cloud infrastructure developer Plexxi has raised an undisclosed amount of funding from Google Ventures. The company will use the new round of funding for scaling its networking product offerings and operations.

software development tools

JFrog, developer of an infrastructure for software management and distribution, has raised $50 million in a round of funding from Scale Venture Partners, Sapphire Ventures, Battery Ventures, Vintage Investment Partners, and Qumra Capital. The company will use the funding for hiring talent.

Information

healthcare information

PSTakeCare, a provider of healthcare information for consumers, will be acquired by India-based healthcare technology startup Portea Medical. The acquisition provides Portea with an expanded domestic 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.

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: