Daily Deal Activity 04/27/16

Digital Media/Commerce

classifieds/auctions/p-to-p

SME peer-to-peer marketplace Lendix has raised $13.6 million in a round of funding from Partech Ventures, CNP Assurances, and ZenCap. The company will use the new round of funding for expanding operations internationally.

ecommerce

Fashion market sites operator Global Fashion Group has raised $340 million at a reported valuation of $1.1 billion in a round of funding from Rocket Internet, Access Industries, and Investment Kinnevik. The company will use the funding for expanding operations.

ecommerce

Subscription-based food delivery startup The First Meal has been acquired by India-based delivery service Hello Curry. The acquisition provides Hello Curry with an entrance into the subscription-based boxed meal area. Terms of the deal were not disclosed.

mobile content/apps

China-based restaurant booking app Enjoy has raised $30 million in Series C funding from China Media Capital and Costone Venture Capital. The company will use the funding for expanding its presence domestically.

social media/apps

Online photo and video sharing platform CrowdAlbum has been acquired by Spotify. The acquisition will see CrowdAlbum integrated into Spotify’s musician marketing platform. Terms of the deal were not disclosed.

Marketing Technology

content management

Email creation and analytics company Litmus has acquired content curation tools developer Curated. The acquisition provides Litmus with strengthened email engagement capabilities for its platform. Terms of the deal were not disclosed.

media management system

Stem Disintermedia, developer of a platform for musicians and artists to track contracts and revenue streams, has raised $4.5 million in a round of funding led by Upfront Ventures with participation from private investors. The company will use the funding for expanding headcount.

social technology, loyalty/retention

Retention marketing platform Windsor Circle has raised $4.1 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding its engineer, sales, and marketing teams.

Traditional Media

radio

Content marketing company Cranberry has acquired digital marketing industry-focused radio and podcast programming provider WebmasterRadio.FM. The acquisition will see Cranberry relaunch the radio network as Cranberry.FM. Terms of the deal were not disclosed.

Software

big data

Big data streaming and analytics startup SnappyData has raised $3.7 million in Series A funding from Pivotal, GE Venture, and GTD Ventures. The company will use the funding for product development initiatives.

erp

Document management and workflow automation solutions developer Advanced Processing & Imaging has been acquired by Upland Software (Nasdaq:UPLD). The acquisition is complimentary to Upland’s presence in the government and education verticals. Terms of the deal were not disclosed.

erp

SaaS-based restaurant management solution SynergySuite has raised an undisclosed amount of funding from Oyster Capital Partners. The company will use the new round of funding for expanding its presence in the US.

financial

Personal finance app Sweep has been acquired by online lending company Affirm. The acquisition provides Affirm with an entrance into the area of personal finance. Terms of the deal were not disclosed.

hr

Employee scheduling solutions developer Nimble Software Systems has raised $4 million in Series A funding from Seek. The company will use the new round of funding for product development and marketing initiatives.

security

Runtime applications protection solution Immunio has raised $5 million in Series A funding led by White Star Capital with participation from Bloomberg Beta and Hoxton Ventures. The company will use the funding for product development.

security

India-based digital rights management and data security solutions provider Seclore has raised $12 million in Series B funding from Helion Ventures, VentureEast, Sistema, and India Alternatives. The company will use the funding for expanding into the financial services and manufacturing industries.

Business Services

healthcare consulting

Independent medical examination and healthcare services provider ExamWorks Group (NYSE:EXAM) will be acquired by Leonard Green & Partners in a transaction valued at a reported $2.2 billion. The offer price of $35.05 per ExamWorks share represents a 4.4 percent premium to the company April 26th closing price. ExamWorks has 2015 reported revenues of $820 million and EBITDA of $116 million.

it consulting/systems integration

Performance and risk management solutions implementation company ADI Strategies will be acquired by Huron Consulting Group (Nasdaq:HURN). The acquisition will be complimentary to ADI’s scale and client base. Terms of the deal were not disclosed.

printing services

Flyer printing solutions provider Flyers ASAP has been acquired by printing and design company Clash Graphics. The acquisition provides Clash with expanded printing service offerings. Terms of the deal were not disclosed.

staffing

Science and engineering recruitment company Phaidon International has raised $26.2 million in a round of funding from HSBC. The company will use the new round of funding for expanding its presence internationally.

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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