Daily Deal Activity 06/09/16

Digital Media/Commerce

ecommerce

UK-based on-demand beauty services platform Blow LTD has raised $1.4 million in a round of funding from Unilever Ventures and private investors. The company will use the funding for expanding its professional stylists network.

ecommerce

India-based rural eCommerce company StoreKing has raised $16 million in a round of funding from Axiata Digital. The company will use the new round of funding for expanding its presence geographically.

niche content

Esports news and highlights platform PVP Live has raised $2 million in a round of funding from undisclosed investors. The company will use the new round of funding for building out its mobile offering.

social media/apps

Health and fitness community PumpUp has raised an undisclosed amount of funding from Social Discovery Ventures. The company will use the new round of funding for expanding its user base while building out app functionality.

Digital Advertising

mobile marketing, ad networks/exchanges

Publisher-focused mobile ad exchange Smaato has been acquired by China-based Spearhead Integrated Marketing Communications Group for a reported $148 million. The acquisition provides Spearhead with an expanded international presence. Further terms of the deal were not disclosed.

online lead generation, affinity/partner

Clayton, Dubilier & Rice has announced an agreement to acquire TRANZACT, a leading provider of comprehensive, direct-to-consumer sales and marketing solutions for insurance carriers, from White Mountains Insurance Group (NYSE:WTM). The acquisition provides TRANZACT with the resources for building out its service platform. Terms of the deal were not disclosed. (A Petsky Prunier-led transaction)

vertical search, mobile content/apps

Mobile job search platform Switch has raised $4 million in Series A funding led by Seek with participation from Marker LLC, Metamorphic Ventures, Rhodium, Colle Capital, and Frontier Ventures. The company will use the funding for expanding user adoption efforts

Marketing Technology

analytics & targeting

Portugal-based location analytics and monetization platform Movvo has raised $6.2 million in Series A funding led by Caixa Capital and Sonae IM with participation from Dueto. The company will use the funding for product development efforts.

email/messaging software

Branding Brand, developer of a commerce and engagement platform for retailer apps, has acquired in-app messaging solutions developer Waysay. The acquisition provides Branding Brand with expanded customer engagement offerings. Terms of the deal were not disclosed.

Agency & Marketing Services

digital agency

Australia-based digital marketing agency Scorch has been acquired by Dentsu Aegis Network. The acquisition will see Scorch integrated into Dentsu’s existing performance marketing network iProspect. Terms of the deal were not disclosed.

digital agency

Canada-based digital agency TP1 has been acquired by Havas. The acquisition provides Havas’ full-service offering in Canada with expanded user experience and digital capabilities. Terms of the deal were not disclosed.

Software

cloud computing

Cloud services enablement platform BitTitan has raised $15 million in Series A funding led by TVC Capital with participation from Tao Capital Partners. The company will use the funding for building out automation capabilities.

erp

SaaS-based online freight shipment solutions developer Axado has been acquired by Mercadolibre (Nasdaq:MELI) for $7.5 million. The acquisition provides Mercadolibre with diversified services for its auction platform. Further terms of the deal were not disclosed.

erp

Maintenance management systems developer Maintenance Connection has received a growth equity investment from TA Associates. The company will use the funding for expanding within the education, energy, and healthcare sectors.

financial

Vacation rental management company Evolve Vacation Rental Network has raised $5.5 million in a round of funding led by T. Rowe Price Associates with participation from Annox Capital and Allen & Company. The company will use the funding for expanding its presence in the US.

financial

Property management software developer ResMan has raised an undisclosed amount of funding from Wasatch Venture Group. The company will use the new round of funding for expanding sales and marketing initiatives.

financial

Supplier management and procurement solutions developer Tradeshift has raised $75 million in a round of funding from Data Collective, HSBC, American Express Ventures, Notion Capital, CreditEase, and Pavilion Capital. The company will use the funding for expanding its presence in trade financing and spend and receivables management.

financial

Business travel management platform TravelPerk has raised $7 million in Series A funding led by Spark Capital with participation from Sunstone Capital and LocalGlobe. The company will use the funding for product development.

healthcare

Clinical trial recommendation and enrollment platform ePatientFinder has raised $8.2 million in Series B funding from undisclosed investors. The company will use the funding for expanding its physician and clinic network.

hr

Employee expense management platform Bento for Business has raised $7 million in Series A funding led by Comcast Ventures with participation from Blumberg Capital and Anthemis Group. The company will use the funding for expanding headcount.

hr

Hiring management software developer Hireology has raised $12 million in Series C funding led by Baird Venture Partners with participation from Bain Capital Ventures and Lightbank. The company will use the funding for expanding operations.

hr

Hourly employee scheduling and communication solutions developer When I Work has raised $15 million in Series B funding led by Drive Capital with participation from Arthur Ventures and High Alpha. The company will use the funding for expanding its engineering division.

Business Services

it consulting/systems integration

UK-based eCommerce systems integrator Conexus has been acquired by PFSweb (Nasdaq:PFSW). The acquisition will provide PFSweb with an expanded presence in the UK. Terms of the deal were not disclosed.

it consulting/systems integration

Cloud backup and IT support firm Onyx Group has been acquired by managed hosting company Pulsant for $94 million. The acquisition provides Pulsant an expanded customer base. Further 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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