Daily Deal Activity 07/07/16

Digital Media/Commerce

digital marketplace

UK-based online home services marketplace Plentific has raised $2.6 million in a round of funding from private investors. The company will use the new round of funding for building out new features for its platform.

ecommerce

eCommerce company Africa Internet Group has raised $55 million in a round of funding from CDC Capital. The company will use the new round of funding for expanding operations and its geographic presence within Africa.

ecommerce

Germany-based eyewear eCommerce company Brillen.de has raised $49 million in a round of funding from Technology Crossover Partners. The company will use the new round of funding for expanding its presence internationally.

mobile content/apps

India-based mobile app development company AppsDaily has raised $2 million in a round of funding from Kalaari Capital and Qualcomm Ventures. The company will use the new round of funding expanding headcount.

mobile content/apps

Crowdsourced delivery app developer People Post has raised $1.3 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding its presence geographically.

social media/apps

Social finance community operator StockTwits has raised $2 million in a round of funding from Social Leverage. The company will use the new round of funding for expanding operations domestically and internationally.

Digital Advertising

search marketing

Australia-based search marketing firm Massive Group has been acquired by UK-based digital marketing services company Jaywing. The acquisition expands Jaywing’s search marketing practice. Terms of the deal were not disclosed.

Marketing Technology

analytics & targeting

Consumer behavior analytics platform CoolaData has raised $5.6 million in Series B funding from Salesforce Ventures, 83North, and Carmel Ventures. The company will use the funding for expanding within the IoT market.

Agency & Marketing Services

Digital Agency

Digital marketing agency Didit has acquired web and digital branding services provider Freshbrick. The acquisition will provide Didit with a strengthened offerings and an expanded customer base. Terms of the deal were not disclosed.

digital agency

Digital agency services provider Connelly Partners has acquired digital content agency Almighty. The acquisition will provide Connelly Partners with an expanded geographic presence. Terms of the deal were not disclosed.

social agency

Digital agency Mindstream Interactive will acquire social and search marketing agency The Marquette Group. The acquisition provides Mindstream with expanded social media offerings. Terms of the deal were not disclosed.

Traditional Media

newspaper publishing

Gannett has acquired select newspaper and magazine assets from publisher North Jersey Media Group. The acquisition provides Gannett with an expanded geographic presence for its newspaper portfolio. The assets will produce approximately $90 million in annual revenue. Terms of the deal were not disclosed.

Software

big data

UK-based data science software developer Black Swan Data has raised $8 million in a round of funding from Albion Ventures, Blackstone, and Mitsui. The company will use the new round of funding for expanding headcount.

collaboration

Research process design software developer Riffyn has raised $4.6 million in a round of funding from Siemens Venture Capital and O’Reilly Alphatech Ventures. The company will use the funding for launching out of beta.

collaboration

China-based corporate cloud communication platform Yuntongxun has raised $70 million in Series C funding led by Sequoia Capital with participation from TBP Capital. The company will use the new round of funding for building out new service offerings.

erp

Enterprise resource planning solutions company Syntax has raised an undisclosed amount of funding from Novacap. The company will use the new round of funding for building out its enterprise cloud offering.

financial

Retailer inventory software developer BevSpot has raised $11 million in Series B funding from Bain Capital Ventures. The company will use the new round of funding for expanding operations and product development.

hr

Germany-based office management software developer Service Partner One has raised $10 million in Series A funding led by EQT Ventures with participation from Earlybird Venture Capital and Vito Ventures. The company will use the funding for expanding within Europe.

security

Security software developer Avast Software will acquire The Netherlands-based competitor AVG Technologies (NYSE:AVG) in a transaction valued at $1.3 billion. The acquisition of $25 per AVG share represents a 33 percent premium over the company’s July 6th closing price. AVG has reported revenues of $433 million and EBITDA of $128 million.

security

UK-based cybersecurity firm Post-Quantum has raised $10.3 million in a round of funding from VMS Investment Group and AM Partners. The company will use the new round of funding for expanding its presence in the healthcare sector.

Information

financial information

Real-time financial news and information company Market News International will be acquired by private equity firm Hale Global. The acquisition will provide Market News with the resources for research and development initiatives.

Business Services

training

K-12 learning analytics platform Thrivist has raised an undisclosed amount of funding from Crimson Ventures. The company will use the new round of funding for expanding operations internationally while hiring talent.

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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