Daily Deal Activity 07/08/16

Digital Media/Commerce

ecommerce

India-based overstock eCommerce platform Overcart has raised $3 million in Series A funding from JSW Ventures, Omidyar Network, and private investors. The company will use the new round of funding for expanding its geographic presence.

ecommerce

China-based installment payment eCommerce company Qufenqi has raised $449 million in a round of funding from Beijing Phoenix Wealth Holdings Group and Hangzhou Liaison Interactive Information Technology. The company will use the funding for a pursuing a potential IPO.

mobile content/apps

Mobile overlay app developer Drupe has raised $3 million in a round of funding from Canaan Partners and Sweet Capital. The company will use the new round of funding for focusing on product development.

mobile content/apps

Japan-based social news aggregation mobile app developer SmartNews has raised $38 million in Series D funding led by Development Bank of Japan with participation from SMBC Venture Capital. The company will use the funding for expanding headcount.

niche content, ecommerce

China-based online video content producer Yitiao has raised $15 million in Series B funding from CMC Capital. The company will use the new round of funding for building out its eCommerce platform while expanding internationally.

social media/apps

Audio and image sharing platform everyStory has been acquired by Knowledge Machine International. The acquisition provides everyStory with the resources for product development initiatives. Terms of the deal were not disclosed.

Digital Advertising

affiliate/cpa network

Performance-based marketing solutions company GetAds has been acquired by Affiliate.com. The acquisition will provide Affiliate.com with expanded lead generation and email monetization offerings. Terms of the deal were not disclosed.

Marketing Technology

analytics & targeting

INVISON, a provider of cross-device advertising solutions for cable television companies, has been acquired by Mediaocean. The acquisition provides Mediaocean with expanded agency workflow offerings. Terms of the deal were not disclosed.

commerce management

Australia-based cross-border payment startup Airwallex has raised $3 million in a round of funding from Gobi Partners and Huashan Capital One. The company will use the new round of funding for expanding its geographic presence.

content management

Video publishing and monetization solutions developer Anvato has been acquired by Google. The acquisition provides Google with expanded media processing offerings for its Cloud Platform. Terms of the deal were not disclosed.

email/messaging software

Email marketing automation software developer Drip has been acquired by lead collection software developer Leadpages. The acquisition provides Leadpages with a visual campaign builder offering. Terms of the deal were not disclosed.

teleservices/eservices

Germany-based customer service platform developer Parlamind has raised $1.7 million in a round of funding from Motu Ventures and Asgard Capital. The company will use the new round of funding for product development efforts.

Agency & Marketing Services

database/analytics

France-based distance shopping database marketing company Conexance has been acquired by WPP. The acquisition will see Conexance operate alongside WPP’s Data Alliance companies. Terms of the deal were not disclosed.

Software

collaboration

Corporate information systems solutions developer Butter has raised $3 million in a round of funding from General Catalyst. The company will use the new round of funding for hiring talent and expanding operations.

collaboration

Design collaboration software developer Mural has raised $1.4 million in a round of funding from Alta Ventures, NXTP Labs, Intel Capital, and Collaborative Fund. The company will use the funding for developing its relationship with IBM.

financial

Hotel management software developer InnQuest Software has been acquired by Valsoft. The acquisition will provide InnQuest with the resources for expanding its presence internationally. Terms of the deal were not disclosed.

financial

SaaS-based inventory and sales management solutions developer Unleashed Software has raised $3 million in a round of funding from private investors. The company will use the new round of funding for expanding its presence in the US.

healthcare

Digital benefit delivery solutions company Bloom Health has been acquired by Empyrean Benefit Solutions. The acquisition provides Empyrean with an expanded customer base. Terms of the deal were not disclosed.

healthcare

Home health and hospice management software developer Suncoast has been acquired by Procura Health Software. The acquisition provides Procura with expanded home health agency offerings. Terms of the deal were not disclosed.

hr

Employee messaging platform Growbot has raised $1.7 million in a round of funding from General Catalyst, Inventus Capital, and XSeed Capital. The company will use the funding for launching new product offerings.

security

Credit management platform Advanced Credit Technologies has acquired digital authentication solutions company CyberIoQ. The acquisition provides Advanced Credit with strengthened fraud mitigation capabilities. Terms of the deal were not disclosed.

Information

financial information

Wealth management and investment advice platform Financial Guard has been acquired by Legg Mason. The acquisition will see Financial Guard integrated into Legg Mason’s alternative distribution strategies business. Terms of the deal were not disclosed.

Business Services

it consulting/systems integration

Columbus has acquired Microsoft Dynamics enterprise resource planning consultancy Client Strategy Group. The acquisition will provide Columbus with an expanded presence in the US. 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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