Daily Deal Activity 08/03/16

Digital Media/Commerce

ecommerce

Retail eCommerce platform Shoppable has raised $3.5 million in a round of funding from MI Ventures, Canary Ventures, On Grid Ventures, and private investors. The company will use the new round of funding for expanding its retailer network.

gaming                

Virtual reality games developer Owlchemy Labs has raised $5 million in a round of funding from Qualcomm Ventures, HTC, and Capital Factory. The company will use the new round of funding for hiring talent.

gaming                

Social casino games developer Rocket Games has been acquired by Penn National Gaming for $170 million. The acquisition provides Penn with an expanded online and social portfolio. Rocket Games reported EBITDA of $5.6 million for the six month period end June 30th.

mobile content/apps, niche content

France-based news aggregator News Republic has been acquired by Cheetah Mobile for $57 million. The acquisition provides Cheetah Mobile with an expanded user base. Financial information of News Republic was not disclosed.

social media/apps

M&A advisor connection platform Axial has raised $14 million in a round of funding led by Edison Partners with participation from Comcast Ventures, First Round Capital, and Redpoint Ventures. The company will use the funding for expanding its engineering division.

Digital Advertising

affiliate/cpa network

Affiliate identification and recruiting solutions provider 5IQ has been acquired by affiliate solutions company Impact Radius. The acquisition provides Impact Radius with expanded publisher filtering offerings. Terms of the deal were not disclosed.

digital video

Time Warner has acquired a 10 percent stake in web-streaming service Hulu for $583 million. The transaction will see Hulu launch new original content as it looks to compete with Netflix and Amazon. Financial information on Hulu was not disclosed.

digital video

Mobile video shopping platform MikMak has raised $3.2 million in a round of funding led by Vayner Media with participation from Slow Ventures, UTA Ventures, and BRaVe Ventures. The company will use the funding for launching a SaaS-based version of its product.

digital video

Cloud video distribution service provider Zype has raised $2 million in a round of funding led by Revel Partners with participation from Point Nine Capital, Alpine Meridian Ventures, and Berlin Ventures. The company will use the funding for research and development initiatives.

Marketing Technology

content marketing

Interactive content marketing platform Ceros has raised $8 million in Series B funding led by Grotech Ventures with participation from CNF Investments, Sigma Prime Ventures, StarVest Partners, and Greycroft Partners. The company will use the funding for sales and marketing initiatives.

media management platform

Ad campaign management platform Sizmek (Nasdaq:SZMK) will be acquired by Vector Capital in a transaction valued at $122 million. The acquisition of $3.90 per Sizmek share represents a 65 percent premium over the company’s previous 30-day volume weighted trading price. The deal represents 0.4x Sizmek LTM revenue and 11.5x LTM EBITDA.

social technology

Social engagement platform Spot.IM has raised $13 million in a round of funding from Index Ventures and Norma Investments. The company will use the new round of funding for expanding research and development efforts.

Agency & Marketing Services

digital agency

WPP-owned J. Walter Thompson has acquired web and mobile design services provider iStrategyLabs. The acquisition provides J. Walter Thompson with strengthened content marketing and online-plus-offline campaign offerings. Terms of the deal were not disclosed.

traditional media

broadcast television

Television channel operator GameTV Corp has been acquired by Anthem Sports & Entertainment from Kilmer Enterprises. The acquisition provides Anthem with an expanded viewer network. Terms of the deal were not disclosed.

Software

cloud computing

Cloud workload mobility platform Velostrata has raised $17.5 million in Series B funding led by Intel Capital with participation from 83North and Norwest Venture Partners. The company will use the funding for expanding its enterprise-level offering.

data management

Open source file sharing database developer Attic Labs has raised $8.1 million in a round of funding led by Greylock Partners with participation from Harrison Metal. The company will use the new round of funding for launching its product.

data management

Real estate listings back-office software developer Bridge Interactive Group has been acquired by Zillow. The acquisition provides Zillow with expanded listing management tools for brokers. Terms of the deal were not disclosed.

financial

SaaS-based enterprise-level fixed income markets solutions developer FixtHub has raised an undisclosed amount of funding from Cerium Technology. The company will use the new round of funding for expanding headcount.

healthcare

Direct patient care technology startup 98point6 has raised $11 million in a round of funding from undisclosed investors. The company will use the new round of funding for product development initiatives.

healthcare

Healthcare transfer center and on-call scheduling technology developer Central Logic has raised an undisclosed amount of funding from Iron Gate Capital. The company will use the new round of funding for expanding operations.

healthcare

Medical image management solutions company StatRad has raised $13 million in a round of funding from undisclosed investors. The company will use the new round of funding for product development initiatives.

hr

Enterprise work-life balance solutions platform Espresa has raised $2 million in a round of funding from Crosslink Capital, Clear Ventures, and TEC Ventures. The company will use the new round of funding for hiring talent.

infrastructure

Data warehousing and analytics infrastructure solutions developer Panoply.io has raised $7 million in Series A funding led by Intel Capital with participation from Blumberg Capital. The company will use the new round of funding for launching out of beta.

security

Cyber risk management platform RiskSense has raised $7 million in a round of funding led by Paladin Capital Group with participation from Sun Mountain Capital and Epic Ventures. The company will use the funding for marketing and sales efforts.

software development tools

Mobile app A/B testing platform Apptimize has raised $12.4 million in Series B funding led by US Venture Partners with participation from Glynn Capital Management, Goldcrest Investments, and Western Technology Investments. The company will use the funding for expanding internationally.

Business Services

it consulting

Cloud computing professional services provider CloudStrategies Group has been acquired by BCM One. The acquisition provides BCM One with an expanded geographic presence. 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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