Daily Deal Activity 03/11/16

Digital Media/Commerce

ecommerce

Australia-based PlantMiner, operator of an equipment marketplace for the construction industry, has raised $3.5 million in a round of funding from Madad. The company will use the round of funding for expanding operations before pursuing and IPO.

ecommerce

On-demand massage and wellness company Soothe has raised $35 million in a round of funding from The Riverside Company. The company has raised $47.7 million to date and will use the funding for expanding its presence in the US.

gaming

Fantasy sports and eSports company SportsHub Technologies will acquire play-to-play fantasy sports company CDM Sports. The acquisition will provide SportsHub with expanded contest offerings. Terms of the deal were not disclosed.

gaming

Social and mobile casino games developer Ruby Seven Studios will be acquired by hospitality services group Delaware North. The acquisition will provides Ruby Seven with an expanded customer base. Terms of the deal were not disclosed.

mobile content/apps

Confidential messaging platform developer Confide has raised $1.6 million in a round of funding from WGI Group, First Round Capital, and Crunchfund. The company will use the new round of funding for expanding headcount.

mobile content/apps, healthcare

Wellness and rehabilitation app developer Constant Therapy has raised $2 million in Series A funding from Kapor Capital, Pond Capital, and Golden Seeds. The company will use the new round of funding for building out new programs for its app.

niche content

Bustle, a digital media property targeting millennial women, has raised $11.5 million in a round of funding led by Saban Capital Group with participation from GGV Capital, Time Warner, General Catalyst Partners, and Social Capital. The company will use the funding for expanding its editorial and video departments.

social media/apps

AppMyDay, a developer of social networks for private events, will be acquired by event management platform HoneyBook. The acquisition will provide HoneyBook with an expanded mobile division. Terms of the deal were not disclosed.

Marketing Technology

crm

Fan relationship management and analytics startup Fantain Sports will be acquired by ticketing portal BookMyShow. The acquisition provides BookMyShow with a broadened client base. Terms of the deal were not disclosed.

email/messaging software

Branded emoji messaging solutions provider Inmoji has raised $5 million in Series A funding from private investors. The company will use the new round of funding for expanding the presence of its media partnerships network.

market research

India-based mobile usage measurement company Informate Mobile Intelligence will be acquired by Nielsen. The acquisition will provide Nielsen with expanded international measurement capabilities. Terms of the deal were not disclosed.

sfa/lead management

Sales and marketing analytics software developer marketingQED will acquire sales forecasting tools developer Scanmar. The acquisition provides marketingQED with strengthened capabilities for its existing offering. Terms of the deal were not disclosed.

Agency & Marketing Services

digital agency

Dentsu Aegis Network will acquire Mexico-based digital agency Flock Advertising. The acquisition will provide Dentsu’s Isobar division with expanded digital capabilities and a broadened client base. Terms of the deal were not disclosed.

design agency

Strategy and design agency Loewy Design will be acquired by technology consulting services provider Hedgehog Development. The acquisition provides Hedgehog with expanded customer engagement and web design capabilities. Terms of the deal were not disclosed.

Traditional Media

b-to-b media

NewCo, a creator of festivals for acquainting local business with new customers, has raised $6 million in a round of funding led by True Ventures with participation from Obvious Ventures, Transmedia Ventures, and Bloomberg Beta. The company will use the funding for building out its business model.

entertainment media

Visual effects studio Finish will acquire Realise Studio, a developer of visual effects for television commercials. The acquisition provides Finish with expanded post production content offerings. Terms of the deal were not disclosed.

Software

credit/risk

UK-based fraud analytics software developer Risk Factor will be acquired by administration processing and payments services provider Equiniti Group. The acquisition provides Equiniti with strengthened control risk capabilities. Terms of the deal were not disclosed.

erp

Cloud-based maintenance management platform Maintenance Assistant has raised $5 million in Series A funding from BuildGroup. The company will use the funding for expanding its presence in the SMB market while building out its platform-as-a-service offering.

hr

Human resources and payments platform Justworks has raised $33 million in Series C funding led by Redpoint Ventures with participation from Bain Ventures, Thrive Capital, and Index Ventures. The company will use the funding for platform development initiatives.

Business Services

bpo

Business process outsourcing services provider ProService Agent Transferowy will be acquired by Oaktree Capital Management and Cornerstone Partners from Highlander Partners. The acquisition provides ProService with the resources for international expansion. Terms of the deal were not disclosed.

it consulting/systems integration

IT development company Grasp will be acquired by UK-based digital bank Atom Bank. The acquisition provides Atom Bank with strengthened user experience and design 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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