Daily Deal Activity 05/17/16

Digital Media/Commerce

ecommerce

Pet eCommerce company Bark & Co. has raised $60 million in a round of funding led by August Capital with participation from RRE Ventures and Resolute Ventures. The company will use the funding for expanding its product offerings.

ecommerce

Vietnam-based eCommerce startup Tiki has raised $16.7 million in a round of funding from VNG Corporation. The company will use the new round of funding for introducing expanded video streaming and payment gateway capabilities.

gaming

Virtual reality gaming startup Lucid Sight has raised $3.5 million in Series A funding led by Rana Capital Partners with participation from Salem Partners. The company will use the funding for releasing new titles.

niche content

Social Science Research Network, operator of a research collaboration community, has been acquired by Elsevier. The acquisition will see Elsevier integrate SSRN into its Mendeley research workflow platform. Terms of the deal were not disclosed.

Digital Advertising

mobile marketing

Brazil-based mobile ad marketing firm Mobils has been acquired by Germany-based mobile apps and games performance marketing company Glispa. The acquisition provides Glispa with expanded mobile commerce and native ad solutions in Latin America. Terms of the deal were not disclosed.

vertical search, comparison shopping

Spain-based vacation rental search engine Hundredrooms has raised $4.6 million in Series A funding led by Seaya Ventures with participation from Inveready and Media Digital Ventures. The company will use the funding for building out price comparison features.

Marketing Technology

content delivery platform, digital video

Cloud-based enterprise-level video applications developer Kollective Technology has raised $12.3 million in Series C funding from MK Capital, New World Ventures, Cross Creek Capital, and Hatteras Funds. The company will use the funding for product development.

email/messaging software, hr software

Customer service text messaging solutions provider Teckst has raised $2.5 million in a round of funding from Composite Capital, Kernal Capital, and Zelkova Ventures. The company will use the funding for expanding into new markets.

Agency & Marketing Services

branded communications, digital agency

Brand conversation and digital marketing solutions company Banner Managed Communications has been acquired by competitor Adare Group. The acquisition will see BMC operated independently. Terms of the deal were not disclosed.

Software

credit/risk

Cloud-based risk and insurance management platform Embroker has raised $12.2 million in Series A funding led by Canaan Partners with participation from Nyca Partners. The company will use the funding for expanding in the insurance industry.

data management

IT insights and data platform BigPanda has raised $5 million in additional Series B funding from Sequoia Capital, Battery Ventures, and Pelion Venture Partners. The funding brings the round total to $21 million and will be used by the company for building out its platform.

data management

Data warehouse solutions company Datalytics Technologies has been acquired by information management software developer Magnitude Software. The acquisition provides Magnitude expanded ERP data consolidation offerings. Terms of the deal were not disclosed.

financial

UK-based cash flow analytics company Codean has been acquired by commercial real estate analytics an information provider Trepp. The acquisition provides Trepp with an expanded managed risk solution offering. Terms of the deal were not disclosed.

financial, collaboration

eLynx, a provider of on-demand document collaboration and distribution services for the financial industry, has been acquired by Black Knight Financial Services (NYSE:BKFS). The acquisition provides Black Knight with expanded housing loan management offerings. Terms of the deal were not disclosed.

financial

SaaS-based investor relations and capital market solutions developer Q4 has raised $22 million in Series B funding from OpenText Enterprise Apps, Information Venture Partners, HarbourVest Partners, Emerillion Capital, Kensington Capital Partners, Plaza Ventures, and Accomplice. The company will use the funding for expanding its engineering, sales, and marketing teams.

healthcare

Community health platform Healthify has raised $2.5 million in a round of funding from Primary Venture Partners, Milestone Venture Partners, and Kapor Capital. The company will use the funding for expanding its domestic insurer network.

healthcare

SaaS-based healthcare providers practice platform PatientPop has raised $10.5 million in Series A funding led by Toba Capital with participation from athenahealth. The company will use the funding for expanding its engineering division.

security

Cloud security platform Avanan has raised $14.9 million in Series A funding led by Greenfield Cities Holdings with participation from Magma VC and StageOne Ventures. The company will use the funding for expanding its customer base.

security

Slovakia-based password management products developer SaferPass has raised $1.1 million in a round of funding from LRJ Capital and Neulogy Ventures. The company will use the funding for product development.

software development tools

Israel-based software development platform Minute Lab has raised $1.8 million in a round of funding from Glilot Capital Partners. The company will use the funding for building out its existing product while expanding sales initiatives.

Business Services

it consulting/systems integration

Amazon Web Services consulting firm REAN Cloud has raised an undisclosed amount of funding from BV Investment Partners and TriCore Solutions. The company will use the investment for expanding its presence geographically.

training

India-based online course certification startup EduPristine has raised $10 million in a round of funding from Kaizen Management Advisors and DeVry. The company will use the funding for expanding its presence domestically.

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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