Daily Deal Activity 05/10/16

Digital Media/Commerce

ecommerce         

On-demand in-home beauty services provider Salosa has been acquired by Quikr. The acquisition provides Quikr with an expanded presence in the home services vertical. Terms of the deal were not disclosed.

ecommerce         

India-based on-demand food delivery company Swiggy has raised $7 million at a reported valuation of $130 million in a round of funding from Norwest Venture Partners, DST Global, and Accel Partners. The company will use the funding for expanding its presence domestically.

ecommerce         

Second-hand designer fashion website Tradesy has raised $30 million in a round of funding from Wildcat Capital Management, Kleiner Perkins Caufield & Byers, and Rincon Venture Partners. The company will use the funding for hiring talent.

mobile content/apps

Fitness tracking app HealthifyMe has raised $6 million in Series A funding from IDG Ventures, Inventus Capital, and Blume Ventures. The company will use the new round of funding for building out app functionality.

mobile content/apps, training

Mobile classroom solutions company Nearpod has raised $9.2 million in a round of funding from Arsenal Venture Partners, Emerson Collective, Krillion Ventures, Reach Capital, Storm Ventures, and Rothenberg Ventures. The company will use the funding for expanding headcount.

niche content

Local news aggregator Ripple.co has raised $4 million in Series A funding from Rakuten, Greylock Partners, Graph Ventures, Social Capital, Innovation Endeavors, Matter Ventures, and CRV. The company will use the new round of funding for expanding its reader base.

social media/apps

Overdog, developer of an app for connecting gamers with similar interests, has been acquired by video streaming apps developer Odd Networks. The acquisition will see Overdog integrated into Odd Networks’ offerings. Terms of the deal were not disclosed.

Marketing Technology

analytics & targeting

India-based procurement intelligence and analytics platform Beroe has raised $10 million in a round of funding from Access India. The company will use the funding for building out its technology while expanding its international presence.

analytics & targeting

Analytics solutions provider Fractal Analytics will receive a $100 million investment from Khazanah Nasional Berhad. The company will use the new round of funding for building out its artificial intelligence and deep learning capabilities.

commerce management

BigCommerce, developer of a SaaS-based eCommerce platform for brands, has raised $30 million in a round of funding led by GGV Capital with participation from General Catalyst, Revolution Growth, SoftBank Capital, Tenaya Capital, Split Rock Partners, Telstra Ventures, and American Express Ventures. The company will use the funding for expanding beyond enterprise-level clients.

commerce management

Bridge2 Solutions, a developer of technology solutions for the loyalty and rewards industry, has raised $35 million in a round of funding from Updata Partners. The company will use the funding for expanding into complementary verticals.

sfa/lead management

Healthcare customer relationship management and analytics solutions Evariant has raised an undisclosed amount of funding from McKesson Ventures and Salesforce Ventures. The company will use the funding for expanding operations.

Software

application management

Singapore-based Tagit, developer of a platform for banks to build digital applications, has raised $8.8 million in a round of funding SRA Group. The company will use the new round of funding for expanding its presence internationally.

cloud computing

Nexmo, provider of a cloud communications platform for building Voice & Messaging applications, has been acquired by Vonage for $230 million. The acquisition will provide Vonage with expanded international presence.

collaboration

FreshGrade, a developer of collaboration tools for students and teachers, has raised $11.6 million in a round of funding led by Relay Ventures with participation from Reach Capital, Accel Partners, and Emerson Collective. The company will use the funding for expanding its presence within the US.

data management

Flash storage solutions provider E8 Storage has raised $12 million in Series B funding led by Accel Partners with participation from Magma Venture Partners and Vertex Ventures. The company will use the funding for expanding its sales and marketing divisions.

financial

Simplee, a developer of financial engagement software for healthcare companies, has raised $20 million in Series C funding led by Social Capital with participation from 83 North, Heritage Group, and American Express Ventures. The company will use the funding for expanding operations.

legal

Germany-based insolvency and law practice software developer STP Group has been acquired by HgCapital. The acquisition will provide STP Group with the resources for pursuing potential acquisition opportunities. Terms of the deal were not disclosed.

security

Internet-of-things cybersecurity solutions company Bayshore Networks has raised $6.6 million in Series A funding from Trident Capital. The company will use the new round of funding for research and development while expanding its engineering and sales divisions.

virtualization

Container management software developer Rancher Labs has raised $20 million in Series B funding led by GRC SinoGreen with participation from Mayfield Fund and Nexus Venture Partners. The company will use the funding for sales and marketing initiatives.

Business Services

management consulting, logistics

Analytics consulting and supply chain optimization firm OPS Rules has been acquired by Accenture. The acquisition will provide Accenture with expanded machine learning and operations analytics 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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