Daily Deal Activity 04/07/16

Digital Media/Commerce

ecommerce

On-demand self-storage company Clutter has raised $20 million in a round of funding from Sequoia Capital. The company will use the new round of funding for expanding its presence geographically within the US.

ecommerce

Self-driving delivery vehicle startup Dispatch has raised $2 million in a round of funding led by Andreessen Horowitz with participation from Precursor Ventures. The company will use the funding for scaling operations.

ecommerce

India-based online furniture retailer FabFurnish.com will be acquired by Future Retail from Bluerock eServices. The acquisition provides Future Retail with an expanded presence in the online furniture space. Terms of the deal were not disclosed.

ecommerce

On-demand valet parking services company Luxe has raised $50 million in Series B funding from Hertz Global, Redpoint Ventures, and Venrock. The company will use the funding for building out its product and engineering divisions while expanding its geographic presence.

Digital Advertising

digital promotion/coupon

Groupon has raised $250 million in a round of funding from Comcast-backed Atairos Management. The funding will provide Groupon with opportunities for exploring strategic partnerships with Comcast as the company looks to expand its local business.

mobile marketing

Mobile marketing automation platform Carnival.io will be acquired by customer retention solutions company Sailthru. The acquisition provides Sailthru with expanded cross-channel personalization capabilities. Terms of the deal were not disclosed.

Marketing Technology

commerce management

Booking and travel packaging software developer OpenJaw Technologies has been acquired by TravelSky Technologies, a developer of software for the aviation and travel industries. The acquisition provides TravelSky with an expanded presence in China. Terms of the deal were not disclosed.

crm

Customer communication platform Intercom has raised $50 million in a round of funding led by Index Ventures with participation from Bessemer Venture Partners, ICONIQ Capital, and Social Capital. The company will use the funding for expanding headcount.

email/messaging software

Projector, developer of a messaging and push notification platform, has raised $4.5 million in a round of funding led by Baseline Ventures with participation from Freestyle Capital, IDG Ventures, and True Ventures. The company will use the funding for product development.

mobile technology

Mobile image recognition technology and app developer Orbeus will be acquired by Amazon. The acquisition will provide Amazon with an expanded artificial intelligence portfolio. Terms of the deal were not disclosed.

social technology, mobile content/apps

Influencer marketing company SharkReach will acquire Entourage, developer of a social influencer audience analytics app. The acquisition will provide SharkReach with expanded mobile capabilities. Terms of the deal were not disclosed.

Agency & Marketing Services

digital agency

Technology and design consultancy Rightpoint Consulting will acquire digital agency Oasis. The acquisition provides Rightpoint with an expanded client base and strengthened capabilities in the healthcare and financial services sectors. Terms of the deal were not disclosed.

digital agency

eCommerce and retail consulting services firm the e-tailing group will be acquired by cross-platform eCommerce company Astound Commerce. The acquisition provides Astound Commerce with an expanded client portfolio. Terms of the deal were not disclosed.

Software

cloud computing

SaaS-based cloud solutions platform CloudOne has raised $9 million in a round of funding led by Plymouth Ventures with participation from Chatham Ventures and Elevate Ventures. The company will use the funding for product development efforts.

cloud computing

Electric Imp, developer of a platform for connecting devices to cloud computing resources, has raised $21 million in Series C funding led by Rampart Capital with participation from Redpoint Ventures. The company will use the funding for product development.

erp

Field service management software developer MobileLogix has raised an undisclosed amount of Series A funding led by Canal Partners with participation from Tallwave Capital. The company will use the funding for expanding operations.

financial

Strattam Capital will acquire a majority stake in SaaS-based trade spend management software developer Blacksmith Applications. The acquisition will provide Blacksmith with the resources for expanding its product suite. Terms of the deal were not disclosed.

hr

UK-based employee culture fit solutions company Saberr has raised $1.4 million in a round of funding from private investors. The company will use the new round of funding for expanding its marketing and sales divisions.

security

RiskRecon, a developer of third-party security assessment solutions, has raised $3 million in a round of funding from General Catalyst. The company will use the new round of funding for expanding headcount and operations.

Business Services

credit/risk consulting

Security and risk consulting services provider Edgile has raised $35 million in a round of funding from ABRY Partners. The company will use the new resources for expanding its presence in the area of cybersecurity consulting.

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: