Daily Deal Activity 02/04/16

Digital Media/Commerce

classifieds/auctions/p-to-p

Apartment rentals platform Naked Apartments will be acquired by Zillow (Nasdaq:ZG) for $13 million. The acquisition provides Naked Apartments with the resources for building out its audience while focusing on product development initiatives.

ecommerce

Shorts eCommerce company Chubbies has raised $9 million in Series A funding from undisclosed investors. The company will use the new round of funding for expanding operations and launching into new clothing verticals.

ecommerce

Corporate food concierge company Foodee has raised $4.3 million in a round of funding from BDC Capital. The company will use the new round of funding for building out its presence in the US.

ecommerce

Meal delivery startup Power Supply has raised $5 million in a round of funding led by Upfront Ventures with participation from private investors. The company will use the funding for expanding its geographic presence.

ecommerce, vertical search

Snagajob, operator of a marketplace for hourly work, has raised $100 million in a round of funding led by Rho Acceleration with participation from NewSpring Capital and Invus Group. The company will use the funding for expanding its product offering.

ecommerce

On-demand flower delivery retailer The Bouqs Company has raised $12 million in Series B funding from Quest Venture Partners, Azure Capital Partners, KEC Ventures, Enspire Capital, and Draper Associates. The company will use the funding for investing in its supply chain technology.

mobile content/apps

Subscription-based photo book creation service Chatbooks has raised $6 million in Series A funding led by Signal Peak Ventures. The company will use the funding for sales and marketing efforts while expanding into new markets.

mobile content/apps

Hobnob, developer of an app for event invitations, has raised $2.5 million in a round of funding from Norwest Venture Partners, Bessemer Venture Partners, Aspect Ventures, and Greycroft Partners. The company will use the funding for user experience initiatives.

mobile content/apps

Currency exchange mobile app developer Revolut has raised $4.8 million in a round of funding from Balderton Capital, Point Nine Capital, Venrex, and Index Ventures. The company will use the funding for expanding headcount.

social media/apps

Social network app developer After School has raised $16.4 million in Series A funding led by Accomplice with participation from Atlas Ventures and private investors. The company will use the funding for expanding operations.

social media/apps

College career network Handshake has raised $10.5 million in Series A funding led by Kleiner Perkins Caufield & Byers with participation from True Ventures, Lightspeed Venture Partners, and Lowercase Capital. The company will use the funding for engineering and product development efforts.

Digital Advertising

ad networks/exchanges

Programmatic advertising platform Admedo has raised $6 million in Series B funding led by MMC Ventures with participation from Sussex Place Ventures. The company will use the funding for international expansion.

Marketing Technology

content management

Curalate, developer of a visual content platform for commerce providers, has raised $27.5 million in a round of funding led by New Enterprise Associates with participation from First Round Capital and MentorTech Ventures. The company will use the funding for expanding headcount.

crm

OpenMethods, a provider of customer relationship management solutions for contact centers, has raised $5 million in a round of funding from Kayne Anderson Capital Advisors and NewRoad Capital Partners. The company will use the funding for product development.

Agency & Marketing Services

digital agency

IBM will acquire Germany-based digital marketing agency ecx.io. The transaction is IBM’s third agency acquisition in the past week following the acquisitions of Resource/Ammirati and Aptero. The acquisition will see ecx.io folded into IBM’s digital marketing and analytics arm IBM Interactive Experience. Terms of the deal were not disclosed.

Software

cloud computing

Cloud-to-cloud recovery vendor OwnBackup has raised $3.5 million in Series A funding led by Innovation Endeavors with participation from Oryzn Capital. The company will use the funding for expanding its engineering, development, marketing, and sales teams.

erp

Software development lifecycle management solutions company Sonatype has raised $30 million in a round of funding led by Goldman Sachs with participation from New Enterprise Associates, Accel Partners, Bay Partners, and Morgenthaler Ventures. The company has raised $60 million to date.

healthcare

UAE-based healthcare informatics and systems provider Dimensions Healthcare will be acquired by IMS Health. The acquisition provides IMS Health with an expanded presence in the Middle East. Terms of the deal were not disclosed.

healthcare

Digital health solutions company MyRounding will be acquired by Huron Consulting Group (Nasdaq:HURN). The acquisition is complimentary to Huron’s healthcare culture transformation services. Terms of the deal were not disclosed.

infrastructure

Data center performance management software developer nlyte Software will acquire real-time event correlation and data center analytics software company FieldView Solutions. The acquisition provides nlyte with expanded data center infrastructure management capabilities. Terms of the deal were not disclosed.

Information

healthcare information, market research

Biopharmaceutical and consumer health research company AlphaImapctRX will be acquired by IMS Health from Symphony Technology Group. The acquisition will see AlphaImpactRX integrated into IMS Health as the company looks to bolster its market research capabilities. Terms of the deal were not disclosed.

Business Services

bpo

Outsourced library and information management services company LAC Group has raised an undisclosed investment from TZP Growth Partners. The company will use the resources for expanding its service offerings into new markets.

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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