Daily Deal Activity 06/01/16

Digital Media/Commerce

ecommerce

Online upscale consignment company Luxury Garage Sale has raised $5 million in Series A funding led by Data Point Capital with participation from Chicago Ventures and Pallasite Ventures. The company will use the funding for expanding its engineering division.

ecommerce

Online wholesale alcohol platform SevenFifty has raised $8.5 million in Series A funding led by Formation8 with participation from Pritzker Group VC. The company will use the funding for expanding operations.

niche content

UK-based personalized children’s content startup Lost My Name has raised $4.5 million in a round of funding led by Google Ventures with participation from Project A Ventures and Greycroft Partners. The company will use the funding for expanding internationally.

niche content

Daily newsletter curation platform theSkimm has raised $8 million in Series B funding led by 21st Century Fox with participation from RRE Ventures, Greycroft Partners, and Homebrew. The company will use the funding for expanding its product offerings.

Marketing Technology

analytics & targeting

Data analytics startup Signals Group has raised $10 million in a round of funding from Qumra Capital, Sequoia Capital, and TPY Capital. The company will use the funding for expanding its sales and marketing divisions.

analytics & targeting

Audience measurement solutions developer Verto Analytics has raised $16.1 million in Series B funding led by EQT Ventures with participation from Conor Venture Partners and Open Ocean Capital. The company will use the funding for expanding internationally.

commerce management

On-demand eCommerce solutions company Demandware (NYSE:DWRE) will be acquired by Salesforce (NYSE:CRM) in a transaction valued at $2.8 billion. The acquisition of $75.00 per Demandware share represents a 56 percent premium over the company’s May 31st closing price. Salesforce expects to bring in between $100 million and $120 million in additional revenue from the acquisition through the rest of fiscal 2017. Demandware has reported LTM revenues of $254 million and EBITDA of ($34) million.

commerce management

Ticketing, promotion, and event management solutions developer Vendini has raised $20 million in Series A funding from Level Equity. The company will use the funding for building out platform functionality.

content management

Video content management platform Tubular Labs has raised $10 million in a round of funding from Marker LLC. The company will use the new round of funding for expanded product development initiatives.

social technology

Social media management platform Spredfast has raised $50 million in a round of funding led by Riverwood Capital with participation from Austin Ventures, Interwest Partners, OpenView Venture Partners, and Lead Edge Capital. The company will use the funding for expanding its engineering division.

teleservices/eservices

CallVU, developer of a mobile engagement platform for contact centers, has raised $3 million in a round of funding led by Liberty Global Ventures with participation from NICE Systems. The company will use the funding for expanding its sales division.

Agency & Marketing Services

digital agency

Creative agency Tenthwave Digital has been acquired by digital marketing agency Wire Stone. The acquisition provides Wire Stone with an expanded geographic presence. Terms of the deal were not disclosed.

Traditional Media

b-to-b media

Content marketing events company Content Marketing Institute has been acquired by UBM for a reported $17.6 million. The acquisition is complimentary to UBM’s technology portfolio. Further terms of the deal were not disclosed.

Software

erp

SaaS-based venue sourcing and booking platform Zentila has been acquired by cloud event management software developer etouches. The acquisition provides etouches with an expanded hotelier network. Terms of the deal were not disclosed.

financial

The Carlyle Group has acquired a minority stake in SaaS-based treasury management solutions company Ion Investment Group for $400 million. Ion has reported LTM EBITDA of $335 million and will use the investment for product development.

healthcare         

Health IT management services company DAS Health has acquired healthcare revenue cycle management and practice management solutions company Falcon Healthcare Systems. The acquisition provides DAS with an expanded managed services offering. Terms of the deal were not disclosed.

healthcare         

Healthcare consulting platform RubiconMD has raised $4 million in a round of funding led by Waterline Ventures with participation from Diokio Health Ventures. The company will use the funding for platform development efforts.

security

Threat analysis automation and intelligence platform BrightPoint Security will be acquired by ServiceNow (NYSE:NOW). The acquisition will be complimentary to SeviceNow’s Security Operations offering. Terms of the deal were not disclosed.

security

Digital compliance and security company Docupace Technologies has raised $16.5 million in a round of funding from Palisades Growth Capital and TVC Capital. The company will use the new round of funding for expanding operations.

security

Data protection platform developer Ionic Security has raised $45 million in a round of funding from Amazon.com, Goldman Sachs, Hayman Capital, Google Ventures, Icon Ventures, Kleiner Perkins Caufield & Byers, Meritech Capital Partners, and Tech Operators. The company will use the funding for expanding its presence internationally.

Information

financial information

Investment research marketplace Smartkarma has raised $4.7 million in a round of funding from Wavemaker Partners and Jungle Ventures. The company will use the funding for expanding data service offerings.

product/price information

Pricing data provider Channel IQ has been acquired by competitor Market Track. The acquisition provides Market Track with an expanded presence in the areas of consumer products and sporting goods. Terms of the deal were not disclosed.

Business Services

healthcare consulting

Medication management software developer DrFirst has acquired healthcare IT consulting company the IN Group. The acquisition provides DrFirst with expanded hospital workflow service offerings. 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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