Daily Deal Activity 05/27/16

Digital Media/Commerce

ecommerce

China-based online pharmacy marketplace 360 Haoayao has raised $15.2 in Series A funding from SB China Capital and Lily Asia Ventures. The company will use the funding for building out its online sales platform.

ecommerce

Korea-based beauty products eCommerce company Althea has raised $3.5 million in Series A funding from Mirae Asset Ventures, Posco Ventures, Tekton Ventures, 500 Startups, and Cherubic Ventures. The company will use the funding for expanding internationally.

ecommerce

Japan-based handmade crafts marketplace Creema has raised $10 million in a round of funding from Globis Capital Partners and KDDI Open Innovation Fund. The company will use the funding for expanding operations.

gaming

Game development software systems provider Cloud Alliance has raised $5 million in Series A funding from Aetius Capital. The company will use the new round of funding for expanding operations and headcount.

gaming

Norway-based video game publisher Funcom has raised $6.3 million in a round of funding from undisclosed investors. The company will use the new round of funding for launching new large-scale game titles.

mobile content/apps

Spain-based personal assistant app developer Sherpa has raised $6.5 million in Series A funding FCRE and Alma Mundi Innvierte Fund. The company will use the new round of funding for product development.

niche content

India-based local food and lifestyle platform Little Black Book has raised $1.2 million in a round of funding from private investors. The company will use the funding for building out user-generated content capabilities.

Marketing Technology

analytics & targeting

Warehouse analytics company Incorta has raised $9.7 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding its marketing, sales, and engineering division.

Traditional Media

consumer book publishing

Self-publishing platform Pronoun has been acquired by UK-based book publishing services provider Macmillan Publishers. The acquisition provides Macmillan with strengthened digital book publishing offerings. Terms of the deal were not disclosed.

entertainment media

Korea-based entertainment company YG Entertainment has raised $85 million in a round of funding from Tencent. The company will use the new round of funding for expanding its partner network in China.

Software

finance

Auto loan automation platform AutoFi has $17 million in a round of funding led by Crosslink Capital with participation from Lerer Hippeau Ventures. The company will use the funding for product development efforts.

finance

Online portfolio management and advisor platform Invest.com has raised $20 million in a round of funding from Singularitem. The company will use the new round of funding for expanding its customer base.

healthcare

Patient safety software developer CRG Medical has raised $2.5 million in a round of funding from undisclosed investors. The company will use the new round of funding for building out the mobile communication capabilities of its platform.

hr

Performance management platform NetBoss Technologies has been acquired by Enghouse Systems for $7.1 million. The acquisition is complimentary to Enghouse’s service assurance and analytics platform. Further terms of the deal were not disclosed.

software development tools

Software development and design firm Vector Logic has acquired competitor Project Forge. The acquisition will see the combined company rebrand as Vinyl as it looks to expand operations geographically. Terms of the deal were not disclosed.

Business Services

it consulting/systems integration

UK-based managed IT infrastructure consultancy adept4 has been acquired by IT consulting company Pinnacle Technology for $10.3 million. The acquisition provides Pinnacle with an expanded geographic presence. Adept4 has reported 2015 revenues of $7.4 million and EBITDA of $1.1 million.

it consulting/systems integration

User experience and interactive design firm IdentityMine has been acquired by IT consulting firm Valorem Consulting. The acquisition provides Valorem with expanded software development and design capabilities. Terms of the deal were not disclosed.

it consulting/systems integration

Search consulting services provider MC+A has been acquired by data management software developer Yippy. The acquisition provides Yippy with expanded Google Search Appliance offerings. Terms of the deal were not disclosed.

logistics

eCommerce logistics platform OpenLogi has raised $1.9 million in a round of funding from IMJ Investment Partners , SMBC Venture Capital, and Infinity Ventures. The company will use the funding for expanding its presence internationally.

training

Skillshare, operator of an on-demand mini-classes platform, has raised $12 million in Series B funding led by Amasia and Omidyar Network with participation from Union Square Ventures and Spark Capital. The company will use the 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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