Daily Deal Activity 03/23/16

Digital Media/Commerce

classifieds/auctions/p-to-p

Science Exchange, developer of marketplace for outsourcing science research experiments, has raised $25 million in Series B funding led by Maverick Capital with participation from Union Square Ventures, Index Ventures, and Collaborative Fund. The company will use the funding for expanding into the pharma industry.

ecommerce

On-demand local and regional trucking company Convoy has raised $16 million in Series A funding led by Greylock Partners with participation from private investors. The company will use the funding for expanding its presence geographically.

ecommerce

Local business on-demand delivery services provider DoorDash has raised $127 million in Series C funding led by Sequoia Capital with participation from Kleiner Perkins Caufield & Byers, Khosla Ventures, Y Combinator, and Willcome Trust. The company will use the funding for expanding operations while building out its core technology.

ecommerce

Singapore-based online shopping company ezbuy has raised $20 million in Series B funding led by Vision Knight Capital with participation from CGC Capital and IDG Ventures. The company will use the funding for expanding internationally.

ecommerce

Real estate investment platform Homeunion has raised $16 million in Series B funding from Colchis Capital and Northgate Capital. The company will use the new round of funding for expanding operations while building out new tools for its platform.

ecommerce

Furniture eCommerce company Vivense has raised $5 million in a round of funding led by Earlybird Ventures with participation from Aslanoba Capital. The company will use the new round of funding for expanding headcount.

Digital Advertising

vertical search

China-based online b-to-b travel search platform Travelzen.com has raised $93 million in Series C funding from Abdor Capital, Shenzhen United Capital, and GP Capital. The company will use the funding for expanding its presence internationally.

Marketing Technology

analyitcs & targeting

Customer value analytics company Zodiac has raised $3 million in a round of funding from First Round Capital with participation from Metamorphic Ventures. The company will use the funding for expanding into new verticals.

bi tools

Offline advertising business intelligence solutions developer Clarivoy has raised $1.4 million in a round of funding from Rev1 Ventures. The company will use the new round of funding for product development initiatives.

bi tools

Business intelligence executive management platform Domo has raised $131 million at a reported valuation of $2 billion in a round of funding from BlackRock, Credit Suisse, and Canyon Capital Advisors. The company will use the new round of funding for introducing an investment fund as its looks to include additional outside apps into its platform.

commerce management

UK-based b-to-b mobile channel monetization platform Bijou Commerce has raised $2.8 million in a round of funding from Blenheim Chalcot. The company will use the new round of funding for product development initiatives.

Agency & Marketing Services

loyalty/retention

Clarus Commerce, a leader in eCommerce and subscription commerce and loyalty marketing solutions, has been acquired by Trivergance, Falcon Investment Advisors, and Landon Capital Partners from Norwest Venture Partners. The acquisition provides Clarus with the resources for scaling its product and platform. Terms of the deal were not disclosed. (A Petsky Prunier-led transaction)

Software

financial

B-to-b recurring payments platform developer GoCardless has raised $13 million in a round of funding led by Notion Capital with participation from Accel Partners, Balderton Capital, and Passion Capital. The company will use the funding for expanding its presence internationally.

healthcare

Patient experience measurement company Bivarus has raised $2 million in a round of funding led by Hatteras Venture Partners and Excelerate Health Ventures with participation from NueCura Partners. The company will use the funding for expanding its sales and marketing divisions.

healthcare

Medgate, a developer of SaaS-based environmental, health, and safety risk management solutions, has raised an undisclosed amount of funding led by Norwest Venture Partners with participation from Georgian Partners and BMO Financial Group. The company will use the funding for pursuing potential acquisitions.

healthcare

Health and human services software developer Netsmart Technologies will be acquired by GI Partners from Genstar Capital for a reported $950 million. The acquisition will see Netsmart integrated into Allscripts Healthcare Solutions’ homecare software business unit. Further terms of the deal were not disclosed.

hr

Employee goal setting software developer BetterWorks has raised $20 million in Series B funding led by Emergence Capital with participation from Kleiner Perkins Caufield & Byers. The company will use the funding for expanding operations.

hr

Background screening and verification software developer Checkr has raised $40 million in Series B funding led by Y Combinator with participation from Institutional Venture Partners and Accel Partners. The company will use the funding for expanding its service offering to larger enterprises.

virtualization

Stratoscale, a developer of virtualization technology for data centers, has raised $27 million in Series C funding led by Qualcomm Ventures with participation from Intel Capital, Bessemer Venture Partners, Battery Ventures, and Cisco Investments. The company will use the funding for product development initiatives.

Information

legal information

Conformance Check, a provider of legal compliance and regulatory analysis solutions, will be acquired by mobile health and safety legal compliance company Nimonik. The acquisition provides Nimonik with expanded capabilities for its mobile app. 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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