Daily Deal Activity 07/12/16

Digital Media/Commerce

ecommerce

Meal delivery startup Freshly has raised $21 million in a round of funding led by Insight Venture Partners with participation from Highland Capital Partners and White Star Capital. The company will use the new round of funding for expanding its presence domestically.

mobile content/apps

Last-minute fitness class app Zenrez has raised $2.5 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding its customer base internationally.

niche content

Motorsport.com has acquired online motorsports community FerrariChat.com. The acquisition will expand Motorsport.com’s international presence while providing the company with a broadened network for its eCommerce offerings. Terms of the deal were not disclosed.

Digital Advertising

ad networks/exchanges

Digital ad network Collective Europe has been acquired by Time Inc. The acquisition coincides with Time’s digital growth strategy and provides the company with strengthened TV ad campaign capabilities. Terms of the deal were not disclosed.

Marketing Technology

analytics & targeting

Real-time ad and creative optimization solutions company Nextperf has been acquired by Rakuten Marketing. The acquisition will be complementary to Rakuten’s existing marketing display technology while providing the company with an expanded presence in Europe. Terms of the deal were not disclosed.

analytics & targeting

Customer buying behavior analytics company SalesPredict has been acquired by eBay. The acquisition follows eBay’s purchase of big data company Expertmaker, and will support the company’s artificial intelligence, machine learning, and data science capabilities. Terms of the deal were not disclosed.

commerce management

On-demand eCommerce and order management solutions company Upshot Commerce has been acquired by retail industry commerce solutions company Mi9 Retail. The acquisition provides Mi9 with expanded omni-channel offerings. Terms of the deal were not disclosed.

content management

Content discovery solutions startup YAAP has raised $5 million in a round of funding from Rainmaker Ventures. The company will use the new round of funding for product development while expanding its research and discovery division.

email/messaging software

Real-time messaging service Checkmate has been acquired by guest feedback platform TrustYou. The acquisition will provide TrustYou with expanded capabilities for its hotelier engagement offering. Terms of the deal were not disclosed.

mobile technology

Pat, a developer of voice-based search solutions for applications, has raised $2.5 million in a round of funding from undisclosed investors .The company will use the new round of funding for product development efforts.

product/price software

Retail information and store inventory management platform Starmount has been acquired by Infor. The acquisition provides Infor with expanded offerings for its CloudSuite Retail offering. Terms of the deal were not disclosed.

sfa/lead management

On-demand sales solutions company Universal Avenue has raised $10 million in Series A funding led by Eight Roads with participation from Fidelity International and Northzone. The company will use the funding for expanding internationally.

Traditional Media

Correction from 7/11

WME|IMG will acquire Ultimate Fighting Championship from Zuffa in a transaction valued at a reported $4 billion. WME will serve as operating partner along with equity financing support from Silver Lake Partners, KKR, and MSD Capital. UFC has reported 2015 earnings of between $200 million and $250 million.

broadcast television

TV channel and free-to-air broadcaster UTV Ireland has been acquired by Virgin Media for $13.2 million. The acquisition provides Virgin Media with an expanded international presence. Further terms of the deal were not disclosed.

entertainment media

Music media company Juzi Entertainment has raised $10 million in Series B funding led by China Growth Capital with participation from Qihoo 360. The company will use the round of funding for expanding into new consumer sectors.

Software

collaboration

Email collaboration solutions company RedKix has raised $17 million in a round of funding from private investors. The company will use the new round of funding for product development initiatives while launching out of beta.

credit/risk

SaaS-based enterprise governance software developer SirionLabs has raised $12.3 million in a round of funding from Sequoia Capital with participation from Canopy Ventures. The company will use the funding for product development efforts.

financial

McKesson Corporation has acquired health-payment analytics company HealthQX. The acquisition will be complementary to McKesson’s IT portfolio while strengthening the company’s episode management offerings. Terms of the deal were not disclosed.

financial

Israel-based Sling, a provider of financial solutions for micro-merchants, has been acquired by Avante. The acquisition provides Avante with expanded offerings for the Latin American market. Terms of the deal were not disclosed.

security

Risk mitigation solutions company Flashpoint has raised $10 million in Series B funding led by Greycroft Partners with participation from Jump Capital and Cisco Investments. The company will use the funding for expanding its business risk intelligence offering.

Business Services

bpo

Business process outsourcing solutions provider Minacs has been acquired by SYNNEX (NYSE:SNX) from Capital Square Partners and XC Partners for $420 million. The acquisition will see Minacs integrated into SYNNEX’s Concentrix operations. Further terms of the deal were not disclosed.

it consulting

Ardian has acquired a majority stake in Italy-based healthcare IT company Dedalus Group. The acquisition provides Ardian with and expanded presence within Europe. Terms of the deal were not disclosed.

training

Digital training programs developer Codecademy has raised $30 million in a round of funding led by Naspers with participation from Union Square Ventures, Flybridge Capital Partners, and Index Ventures. The company will use the funding for 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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