Daily Deal Activity 03/01/16

Digital Media/Commerce

classifieds/auctions/p-to-p

Australia-based peer-to-peer car sharing startup Car Next Door has raised $2.5 million in a round of funding from Caltex. The company will use the new round of funding for expanding its ride sharing network internationally.

ecommerce

Food kit delivery startup Hungryroot has raised $3.7 million in a round of funding from Lightspeed Venture Partners, Lerer Hippeau Ventures, and Crosslink Capital. The company will use the funding for hiring talent.

ecommerce

On-demand auto mechanic service provider YourMechanic has raised $24 million in a round of funding from SoftBank Capital, Lerer Hippeau Ventures, Data Point Capital, Andreesen Horowitz, Verizon Ventures, PR Ventures, and Promus Ventures. The company will use the funding for expanding its presence internationally.

mobile content/apps, digital video

GoPro (Nasdaq:GPRO) has acquired mobile video edit apps Replay and Splice in a transaction valued at $105 million. The acquisitions will be complimentary to GoPro’s mobile video application as the company looks to build outs its mobile strategy. Further terms of the deal were not disclosed.

Digital Advertising

ad networks/exchanges, mobile marketing

Mobile user acquisition company NativeX will be acquired by China-based mobile advertising services provider Mobvista for $25 million in cash. The acquisition provides Mobvista with expanded international operations and a bolstered presence in gaming applications. Further terms of the deal were not disclosed.

digital video

Canada-based video advertising technology developer SourceKnowledge has raised $1.5 million in a round of funding from BDC Capital. The company will use the new round of funding for expanding its presence in the US.

online lead generation

B-to-B demand generation platform Mariana has raised $2 million in a round of funding from Blumberg Capital and private investors. The company will use the new round of funding for product development initiatives.

vertical search

Germany-based hotel search engine company Trivago will acquired cloud property management system developer Base7booking. The acquisition will Trivago’s platform with an expanded direct bookings offering for hoteliers. Terms of the deal were not disclosed.

vertical search

Jobs marketplace app developer CornerJob has raised $10 million in Series A funding from Sabadell Capital, Bonsai Venture Capital, Cube Investments, and Media Digital Ventures. The company will use the funding for expanding into new markets.

Marketing Technology

analytics & targeting

Germany-based retail analytics provider Minodes has raised an undisclosed minority investment from Market Tech. The investment will see Market Tech take a 25 percent stake in Minodes as the company looks to expand its presence in the US and the UK.

content management

France-based A/B testing and user experience solutions company AB Tasty has raised $5.4 million in a round of funding led by Omnes Capital with participation from Xange Private Equity, Kima Ventures, and Bpifance. The company will use the funding for research and development efforts.

social technology

Australia-based social aggregation platform Stackla has raised $4.4 million in a round of funding from Bailandor Technology Investments. The company will use the funding for expanding internationally while focusing on product development and marketing efforts.

Agency & Marketing Services

digital agency

Digital creative agency Heat will be acquired by Deloitte. Heat has reported 2015 revenues of $21 million and the acquisition will see the company integrated into Deloitte’s creative consulting unit Deloitte Digital. Terms of the deal were not disclosed.

Software

cloud computing

Cisco will acquire internal data center and public cloud computing startup CliQr for $260 million. The acquisition provides Cisco with expanded hybrid cloud offerings. Further terms of the deal were not disclosed.

cloud computing, healthcare

Integrichain, a developer of cloud solutions for the life sciences and healthcare industries, has raised an undisclosed amount of funding from Accel-KKR. The company will use the resources for building out its channel management offering.

enterprise mobility

Enterprise-level mobile software solutions developer Stratix will be acquired by Tailwind Capital Partners. The acquisition provides Stratix with the resources for building out its asset visibility portal offering. Terms of the deal were not disclosed.

financial

Canada-based broker and commercial management systems developer Keal Technology will be acquired by insurance software company Vertafore. The acquisition provides Vertafore with an expanded international presence. Terms of the deal were not disclosed.

healthcare

Pharmacy benefit and management software developer Adaptive Software will be acquired by healthcare analytics company Decision Resources Group. The acquisition provides Decision Resources Group with an expanded presence in the healthcare-payers market. Terms of the deal were not disclosed.

hr

Workforce predictive analytics company hiQ Labs has raised an undisclosed amount of funding from Japan-based Temp Holdings. The company will use the funding for expanding its sales and marketing efforts.

security

Data security company Trusted Knight has acquired web application vulnerability solutions developer Sentrix. The acquisition is complimentary to Trust Knight’s product development initiatives. Terms of the deal were not disclosed.

Business Services

it consulting/systems integration

Managed services provider Claranet will acquire UK-based Amazon Web Services provider Bashton. The acquisition provides Claranet with expanded international presence and DevOps capabilities. 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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