Daily Deal Activity 08/08/16

Digital Media/Commerce

ecommerce

Airbnb is raising an $850 million round of funding at a reported valuation of $30 billion from undisclosed investors. The company will use the new investment for postponing a potential IPO until 2018. The company has reported 2015 revenues of $900 million.

ecommerce

Online travel agent services provider Cruise.co.uk has been acquired by Bridgepoint Development Capital from Risk Capital Partners for $67.8 million. The acquisition provides Cruise.co.uk with the resources for customer services initiatives. Cruise.co.uk financial information was not disclosed.

ecommerce

eCommerce company Jet.com will be acquired by Walmart in a transaction valued at a $3 billion in cash and up to $300 million in Walmart stock. Jet has raised more than $800 million in funding to date at a one-time reported valuation of $1.6 billion. Jet.com financial information was not disclosed.

ecommerce

Small business delivery startup Sendle has raised $5 million in a round of funding from Full Circle Venture Capital and Black Sheep Capital. The company will use the new round of funding for expanding its presence geographically.

mobile content/apps

Musical selfie and song app developer Eyegroove has been acquired by Facebook. The acquisition will see Eyegroove integrated into Facebook’s creative tools development division. Terms of the deal were not disclosed.

mobile content/apps

Therapy chatbot developer Koko has raised $2.5 million in a round of funding from Omidyar Network and Union Square Ventures. The company will use the new round of funding for product development efforts.

digital advertising

digital video

Open source video platform Kaltura has raised $50 million in a round of funding from Goldman Sachs Private Capital. The company will use the new round of funding for expanding its presence internationally.

Marketing Technology

commerce management

SaaS-based eCommerce solutions company Solid Commerce has raised an undisclosed amount of funding from Montage Capital and SaaS Funding. The company will use the new round of funding for sales and marketing efforts.

crm

Germany-based small business customer relationship company Shore has raised an undisclosed amount of funding from Metro Group. The company will use the new round of funding for expanding its presence within Europe.

Agency & Marketing Services

digital agency, database/analytics

Dentsu Aegis Network will acquire a majority stake in data and digital performance marketing agency Merkle in a transaction valued at a reported $1.5 billion including debt. The acquisition will provide Merkle with the resources for expanded its presence internationally. The company reported 2015 revenues of $436 million.

digital agency

Digital agency One North has been acquired by Svoboda Capital Partners. The acquisition provides One North with the resources for hiring talent and expanding operations. Terms of the deal were not disclosed.

digital agency

Deloitte has acquired Australia-based digital communications and animation consultancy The Explainers. The acquisition will see The Explainers integrated into Deloitte Consulting’s Customer practice. Terms of the deal were not disclosed.

Software

big data

Machine learning startup Turi has been acquired by Apple in a deal valued at an estimated $200 million. The acquisition will see Turi technology integrated into Apple’s Siri program. Turi financial information was not disclosed.

cloud computing

Cloud marketplace platform developer Orbitera has been acquired by Google in a transaction valued at more than $100 million. The acquisition provides Google with expanded support offerings for software vendors. Orbitera financial information was not disclosed.

credit/risk

Governance software developer Covalent Software has been acquired by Ideagen for $6.1 million. The acquisition provides Ideagen with strengthened risk and compliance capabilities. The acquisition represents 1.7x Covalent revenue and 15x EBITDA.

financial

China-based restaurant point-of-sales system developer Yunnex has raised $45 million in Series B funding from GSR Ventures. The company will use the new round of funding for research and development initiatives.

healthcare

Telemedicine solutions company Aligned TeleHealth has raised $12 million in Series A funding from SV Life Sciences. The company will use the new round of funding for expanding its geographic presence domestically.

healthcare

Home care solutions developer Honor has raised $42 million in Series B funding led by Thrive Capital with participation from 8VC, Andreessen Horowitz, and Syno Capital. The company will use the funding for product development initiatives.

business services

bpo

Capital Square Partners has acquired a 55 percent majority stake in Indecomm Global Services, a provider of outsourcing services for the healthcare and banking sectors, in a transaction valued at $ 121 million. The acquisition provides Indecomm with the resources for expanding operations. Indecomm financial information was not disclosed.

hr consulting

UK-based executive search advisory firm JCA Group has been acquired by Heidrick & Struggles (Nasdaq:HSII). The acquisition provides Heidrick & Struggles with an expanded international 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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