Daily Deal Activity 07/20/16

Digital Media/Commerce

ecommerce

Dollar Shave Club has been acquired by Unilever (NYSE:UL) for a reported $1 billion in cash. The acquisition provides the company with the resources for strengthening distribution capabilities while expanding its presence geographically. Further terms of the deal were not disclosed.

ecommerce

UK-based online mattress retailer eve Sleep has raised $9.1 million in Series B funding from Octopus Ventures and DN Capital. The company will use the new round of funding for expanding marketing efforts.

ecommerce

China-based group buying eCommerce platform Pinduoduo has raised $110 million in Series B funding from Banyan Capital, New Horizon Capital, and Tencent. The company will use the funding for expanding into new verticals.

mobile content/apps

Personal finance chat bot Trim has raised $2.2 million in a round of funding led by Eniac Ventures with participation from Version One Ventures, Core Innovation Capital, and Sound Ventures. The company will use the funding for expanding user base.

niche content, market research

Energy industry news and research company Greentech Media has been acquired by Verisk Analytics (Nasdaq:VRSK). The acquisition will see Greentech integrated into Wood Mackenzie. Terms of the deal were not disclosed.

Digital Advertising

email services

Email marketing services provider Zenreach has raised $30 million in a round of funding from Founders Fund. The company will use the new round of funding for hiring talent while expanding operations internationally.

Marketing Technology

content mangement, website creation/hosting

Social and mobile brand management tools developer Brandcast has raised $13.9 million in Series A funding led by Shasta Ventures with participation from Correlation Ventures. The company will use the new round of funding for expanding its enterprise-level offerings.

market research

Financial services market research company Synergistics Research Corporation has been acquired by Phoenix Marketing International. The acquisition provides Phoenix Marketing with an entrance into the financial services industry. Terms of the deal were not disclosed

sfa/lead management

Cloud-based networking and demand generation platform Revenew has been acquired by Marlin Equity Partners. The acquisition will see Revenew merged with recent acquired assets of Teradata’s Marketing Applications business. Terms of the deal were not disclosed.

social technology, media management system

Social media management solutions developer Sprinklr has raised $105 million in Series F funding at a reported valuation of $1.8 billion from Wellington Management, EDBI, Battery Ventures, Intel Capital, and Iconiq Capital. The company has reported 2015 revenues of more than $100 million and will use the new funding for international expansion, pursuing acquisition opportunities, and expanding its partnership with Microsoft.

website creation/hosting

Website management platform Pantheon has raised $29 million in Series C funding from Foundry Group, Industry Ventures, OpenView Investment Partners, and Scale Venture Partners. The company will use the funding for expanding headcount.

Agency & Marketing Services

digital agency

Germany-based mobile and social marketing agency webguerillas has been acquired by Gruner + Jahr. The acquisition will see webguerillas integrated into G+J’s content communication arm Territory. Terms of the deal were not disclosed.

public relations

Fashion public relations and marketing firm Kenwerks has been acquired by public relations agency Steinreich Communications Group. The acquisition will see Kenwerks integrated into Steinreich’s Global Fashion Group. Terms of the deal were not disclosed.

Traditional Media

digital place-based media

Point-of-care medical and waiting rooms content provider America’s Minority Health Networks has been acquired by Saddle Ranch Media. The acquisition is complementary to Saddle Ranch’s digital division. Terms of the deal were not disclosed.

radio

Radio broadcasting company Greater Media has been acquired by Beasley Broadcast Group (Nasdaq:BBGI) for $240 million. The acquisition is complementary to Beasley’s local radio broadcasting and digital platform. Greater Media has reported 2015 revenues of $141 million.

Software

collaboration

Athletic programs collaboration software developer Teamworks has raised $6.3 million in a round of funding from Seaport Capital. The company will use the new round of funding for expanding its marketing and sales divisions.

data management

Enterprise data unification solutions developer Stardog has raised $2.3 million in a round of funding from Core Capital and Boulder Ventures.  The company will use the funding for expanding operations domestically.

financial

Accounting software startup ZipBooks has raised $2 million in a round of funding led by Peak Ventures with participation from Pelion Venture Partners and Liquid 2 Ventures. The company will use the new round of funding for expanding operations.

security

IT and application security solutions provider Pentest has been acquired by UK-based cybersecurity solutions company Secarma. The acquisition provides Secarma with an expanded customer base. Terms of the deal were not disclosed.

Information

product/price information

Medical equipment search and comparison site Bioz has raised $3 million in a round of funding from 5AM Ventures. The company will use the new round of funding for expanding its user base internationally.

Business Services

logistics

Brazil-based trucking and logistic services provider CargoX has raised $10 million in a round of funding led by Goldman Sachs with participation from Valor Capital Group, Agility Logistics, and Lumia Capital. The company will use the funding for expanding its presence geographically.

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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