Daily Deal Activity 02/02/16

Digital Media/Commerce

ecommerce

B-to-B eCommerce company Four51 has raised $5 million in a round of funding from private investors. The company will use the new round of funding for product development and expanding its marketing and sales divisions.

ecommerce

Online sports merchandise company Fanatics will acquire UK-based online soccer merchandise retailer Kitbag for $16.6 million. The acquisition provides Fanatics with an expanded international presence. Further terms of the deal were not disclosed.

ecommerce

Fashion technology and eCommerce company ThirdLove has raised $8 million in a round of funding from New Enterprise Associates. The company will use the funding for building out its virtual fitting room technology.

mobile content/apps

Modsy, developer of a home design app, has raised $8 million in Series A funding from Norwest Venture Partners with participation from private investors. The company will use the new round of funding for expanding headcount.

social media/apps

Mobile lifestyle network Hi-Fi has raised $3 million in a round of funding from MTH Ventures. The company will use the new round of funding for product development efforts while expanding its user base.

social media/apps, niche content

Online fitness platform FitMonster will be acquired by performance and wellness training company McCumby Fitness and Performance. The acquisition provides McCumby with expanded digital capabilities. Terms of the deal were not disclosed.

Digital Advertising

digital video

Entertainment media company Shanda Interactive Entertainment has offered to acquire China-based online video portal company Ku6 Media in a transaction that would value the company at $51.5 million. The acquisition would represent a 54 percent premium over Ku6’s January 29th closing price.

online lead generation

Online direct marketing company Sparkroom will be acquired by performance marketing company Digital Media Solutions. The acquisition provides Sparkroom with entrance into new verticals while strengthening its enrollment management capabilities. Terms of the deal were not disclosed.

vertical search

Online job market Jobillico has raised $8 million in a round of funding from Desjardins Business Capital. The company will use the new round of funding for platform development and international expansion efforts.

Marketing Technology

Mobile technology

Israel-based Seebo, provider of a mobile internet-of-things development platform, has raised $8.5 million in Series A funding led by Carmel Ventures with participation from TPY Capital. The company will use the funding for expanding internationally.

Agency & Marketing Services

digital agency

Germany-based digital agency Aptero will be acquired by IBM. The acquisition follows the recent acquisition of US-based digital agency Resource/Ammirati, and provides IBM with expanded an website and app development offering for existing customers. Terms of the deal were not disclosed.

healthcare agency

Mobile app and digital design firm The Lathe will be acquired by WPP-owned GreyHealth Group. The acquisition provides GreyHealth with expanded digital capabilities in the pharmaceutical industry. Terms of the deal were not disclosed.

Software

application management

OutSystems, developer of a platform for application development and delivery, has raised $55 million in a round of funding from North Bridge Growth Equity. The company will use the funding for scaling operations.

erp

Germany-based riskmethods, a developer of risk identification solutions for supply chains, has raised $6 million in Series A funding led by EQT Ventures with participation from Senovo, Point Nine Capital, and Bayern Kapital. The company will use the funding for increasing its presence in Europe.

financial

Bookkeeping automation software developer Receipt Bank has raised $10 million in a round of funding from Kennet Partners. The company will use the new round of funding for expanding its presence internationally.

hr

Recruitment software startup Phenom People has raised $7.6 million in a round of funding from led by Sierra Ventures with participation from Sigma Prime. The company will use the funding for expanding sales and marketing headcount.

security

Security incidents platform Invotas will be acquired by end-point protection solutions developer FireEye (Nasdaq:FEYE). The acquisition will see Invotas integrated into FireEye’s network device management offering. Terms of the deal were not disclosed.

security

Security awareness and phishing platform KnowBe4 has raised $8 million in Series A funding from Elephant. The company will use the new round of funding for product development initiatives and expanded its sales and marketing efforts.

software development tools

Software configuration management system developer Perforce Software will be acquired by Summit Partners. The acquisition will provide Perforce with the resources for product development initiatives. Terms of the deal were not disclosed.

Business Services

it consulting/systems integration

Microsoft Dynamics CRM provider Webfortis will be acquired by customer experience technology and deployment company Avtex. The acquisition provides Avtex with expanded customer experience capabilities. Terms of the deal were not disclosed.

training

Digital education platform Knewton has raised $52 million in a round of funding led by Sofina and Atomico with participation from EBDI, Accel Partners, Bessemer Venture Partners, FirstMark Capital, and Founders Fund. The company will use the funding for expanding its technology, implementation, and sales divisions.

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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