Daily Deal Activity 06/16/16

Digital Media/Commerce

ecommerce, mobile content/apps

China-based ride sharing company Didi Chuxing has closed a $4.5 billion round of equity funding at a reported valuation of $28 billion from Tencent, Alibaba, China Merchants Bank, and SoftBank. The round includes the previously announced $1 billion investment from Apple and the $600 million investment from China Life.

ecommerce

India-based women’s fashion shopping app Voonik has raised $20 million in Series B funding led by Sequoia Capital with participation from Beenext, Beenos, and Times Internet. The company will use the funding for expanding into new fashion verticals.

ecommerce

Bridesmaid dress rental startup Vow To Be Chic has raised $5 million in a round of funding from Pritzker Group Venture Capital, Wavemaker Partners, and Women’s Venture Capital Fund. The company will use the funding for customer experience initiatives.

mobile content/apps

Mobile keyboard app developer Fleksy has been acquired by Pinterest. The acquisition is complimentary to Pinterest’s product engineering division and will see Fleksy operated in open source. Terms of the deal were not disclosed.

mobile content/apps

MyTaskit, developer of an app for connecting service professionals with customers and subcontractors, has raised $2.5 million in a round of funding from undisclosed investors. The company will use the funding for product development.

niche content

Technology business brand and news source Backchannel has been acquired by Conde Nast. The acquisition will see Backchannel integrated into Conde Nast’s newly-formed tech enthusiast arm Wired Media Group. Terms of the deal were not disclosed.

social media/apps

Cultural discovery platform Qloo has raised $4.5 million in Series A funding from private investors. The company will use the new round of funding for expanding its engineering and research and development divisions.

social media/apps

Messaging app developer Wand Labs has been acquired by Microsoft. The acquisition coincides with Microsoft’s conversation as a platform strategy as it looks to integrate new functionality into its Bing, Azure, and Office platforms. Terms of the deal were not disclosed.

Digital Advertising

ad networks/exchanges

Online programmatic ad network Collective has raised $34 million in a round of funding led by Columbia Partners with participation from Accel Partners, Greycroft Partners, and iNovia. The company will use the funding for building out its existing product.

Marketing Technology

crm

Business-to-consumer CRM platform Zaius has raised $8 million in a round of funding led by _Underscore.VC with participation from Leaders Fund and Matrix Partners. The company will use the funding for marketing and sales initiatives.

social technology

Social consumer engagement platform Lodestone Social Media has been acquired by fan analytics platform Umbel. The acquisition provides Umbel with expanded social media engagement offerings. Terms of the deal were not disclosed.

Agency & Marketing Services

digital agency

Dentsu Aegis Network has acquired a majority stake in Australia-based digital marketing agency Search Factory. The acquisition will see Search Factory integrated into iProspect. Terms of the deal were not disclosed.

marketing consulting

China-based non-governmental-organization marketing consultancy Have Faith in Your Brand has been acquired by Publicis Groupe. The acquisition will see the company integrated into MSLGroup. Terms of the deal were not disclosed.

public relations

Technology public relations firm React Marketing Consultants has been acquired by UK-based ThinkersHQ. The acquisition will provide ThinkersHQ with an expanded international presence. Terms of the deal were not disclosed.

Traditional Media

consumer book publishing

Legal content publisher LawAfrica has been acquired by academic books publisher Longhorn Publishers. The acquisition will provide Longhorn with an expanded geographic presence. Terms of the deal were not disclosed.

consumer magazine publishing

African-American cultural insights and news publisher Ebony Media has been acquired by The Clear View Group. The acquisition provides Ebony Media the resources for building out its digital capabilities. Terms of the deal were not disclosed.

Software

collaboration

Machine-learning collaboration platform Collokia has raised $1.3 million in a round of funding from Globant. The company will use the new round of funding for expanding its presence in the IT development industry.

collaboration

Video collaboration platform developer Innovative Imaging Technologies has raised $4 million in a round of funding from private investors. The company will use the new round of funding for expanding its presence within the US.

erp

Cloud supply chain platform Elementum has received a growth equity investment from Fontinalis Partners. The company will use the new round of funding for building out platform adoption initiatives and product development.

financial

Account management software developer Columbia Ultimate has been acquired by accounts receivable and revenue cycle management software developer Ontario Systems. The acquisition provides Ontario expanded compliance consulting offerings. Terms of the deal were not disclosed.

hr

Human resources and payroll software developer Greytip Software has raised $5.2 million in Series B funding from New Enterprise Associates and Blume Ventures. The company will use the funding for product development efforts.

hr

Human resources software develop Qimple has raised $1.1 million in a round of funding from Green Century Investment. The company will use the new round of funding for expanding headcount and operations.

infrastructure

Cloud infrastructure provider Joyent has been acquired by Samsung Electronics. The acquisition provides Samsung with a foundation for new IoT and mobile application development. Terms of the deal were not disclosed.

infrastructure

IT infrastructure monitoring platform LogicMonitor has received a $130 million growth equity investment from Providence Equity Partners. The company will use the new round of funding for expanding its presence internationally.

Information

product/price information

UK-based agriculture information and events company Briefing Media has acquired France-based agriculture information company Global Data Systems. The acquisition provides Briefing Media with expanded presence in the agriculture industry. Terms of the deal were not disclosed.

Business Services

training

Technology talent and training company Andela has raised $24 million in Series B funding from private investors and Google Ventures. The company will use the new round of funding for expanding 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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