Daily Deal Activity 08/11/16

Digital Media/Commerce

digital marketplace

Kwan Entertainment and Marketing has acquired a majority stake in India-based online entertainment marketplace Gigstart. The acquisition provides Kwan with an expanded mobile offering. Terms of the deal were not disclosed.

ecommerce

On-demand delivery startup Glovo has raised $5.6 million in a round of funding from Seaya Ventures, Anatai Venture Builder, Entrée Capital, Caixa Capital, and Bonsai Venture Capital. The company will use the new round of funding for expanding its presence geographically.

ecommerce

Brazil-based on-demand food delivery startup iFood has raised $30 million in a round of funding for Just Eat and Movile. The company will use the new round of funding for expanding operations internationally.

ecommerce

Spain-based boat rental platform Nautal has raised $1.1 million in a round of funding from Caixa Capital, IESE, and private investors. The company will use the new round of funding for expanding its presence internationally.

ecommerce

Market specific search engine company Yroo has raised $11 million in a round of funding from undisclosed investors. The company will use the new round of funding for customer acquisition initiatives.

mobile content/apps

Business management tools application developer Breezeworks has acquired the mobile app business of SaaS-based mobile scheduling company Prompt.ly. The acquisition provides Breezeworks with an expanded customer base. Terms of the deal were not disclosed.

mobile content/apps

Digital interactions app developer Xperiel has raised $7 million in a round of funding from private investors. The company will use the new round of funding for hiring talent and expanding marketing and sales initiatives.

social media/apps

Video uploading app developer Photobucket has raised $4.5 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding its engineering division.

Marketing Technology

commerce management, digital marketplace

Preptix, a developer of digital ticketing solutions for the high school sports market, has been acquired by digital and paper ticketing company Huddle. The acquisition provides Huddle with an expanded digital platform for high school sports. Terms of the deal were not disclosed.

crm

Zenoti, developer of a cloud management platform for the spa and salon industry, has raised $15 million in a round of funding led by Norwest Venture Partners with participation from Accel Partners. The company will use the new round of funding for hiring talent.

email/messaging software

Website live chat messaging platform Nudgespot has been acquired by user engagement solutions developer Boomtrain. The acquisition is complementary to Boomtrain’s mobile and web experience offerings. Terms of the deal were not disclosed.

mrm/workflow management

The Netherlands-based marketing resource management solutions startup Bynder has raised $22.3 million in Series A funding from Insight Venture Partners. The company will use the new round of funding for product development efforts.

mrm/workflow management

SaaS-based workflow and editor tools developer Tray.io has raised $5 million in a round of funding from undisclosed investors. The company will use the new round of funding for hiring talent and expanding operations.

traditional media

entertainment media

Animation studio Kharabeesh has raised a $5 million in a round of funding from Endeavor Catalyst. The company will use the new round of funding for building out operations and expanding its presence internationally.

newspaper publishing

Newspaper publisher ECM Publishing will be acquired by newspaper and magazine publisher Adams Publishing Group. The acquisition provides Adams Publishing with an expanded geographic presence. Terms of the deal were not disclosed.

Software

big data

Big data startup Innovaccer has raised $15.6 million in Series A funding led by Westbridge Capital Partners with participation from private investors. The company will use the new round of funding for expanding its presence within the healthcare market.

big data

China-based big data mining firm MiningLamp has raised $30 million in Series B funding led by Sequoia Capital with participation from Share Capital and Heaven-Sent Capital Management. The company will use the new round of funding for research and development initiatives.

collaboration

Productivity and graphics company Corel Corporation has acquired the Mindjet MindManager data visualization solutions arm of Spigit. The acquisition will see MindManager integrated into Corel’s product management and development group. Terms of the deal were not disclosed.

hr

Job candidate management platform developer TalentIQ has raised $2.2 million in a round of funding from private investors. The company will use the new round of funding for expanding its presence within the US.

information

healthcare information

Employee health benefits and information provider Accolade has raised $70 million in Series E funding led by Andreessen Horowitz with participation from Madrona Venture Group. The company will use the new round of funding for research and development efforts.

business services

it consulting

Managed services provider inhouseIT has been acquired by IT consultancy Cal Net Technology Group. The acquisition provides Cal Net 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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