Daily Deal Activity 08/16/16

Digital Media/Commerce

ecommerce

OYO Rooms, operator of a social marketplace for travel accommodations, has raised $62 million in a round of funding led by SoftBank with participation from Greenoaks Capital, Sequoia Capital, and Lightspeed Venture Partners. The company will use the new round of funding for expanding its engineering division.

ecommerce

UK-based online optical retailer The MyOptique Group will be acquired by optics company Essilor International. The acquisition provides MyOptique with an expanded supply chain network. Terms of the deal were not disclosed.

gaming

Fantasy sports platform Fantasy 6 has raised $10 million in a round of funding from Victory Square Labs. The company will use the round of funding for expanding into new fantasy sports areas while building out operations.

mobile content/apps, local search

France-based search and discovery app Vurb has been acquired by Snapchat for a reported $110 million with up to an additional $75 million in retention payouts. The acquisition provides Snapchat with expanded search capabilities. Vurb financial information was not disclosed.

niche content

Online sports network FloSports has raised $21.2 million in a round of funding led by DCM Ventures and Bertelsmann Digital Media Investments with participation from World Wrestling Entertainment, Discovery Communications, and Causeway Media Partners. The company will use the new round of funding for expanding within its existing verticals.

social media/apps

India-based messaging app Hike has raised $175 million at a reported valuation of $1.4 billion in a round of funding from Tencent, Tiger Global Management, Bharti, SoftBank, and Foxconn. The company will use the new round of funding for expanding its presence domestically.

digital advertising

digital video

China-based Douyu TV, developer of a platform for live streaming video games, has raised $226 million in Series C funding from Tencent and Phoenix Capital. The company will use the new round of funding for platform development initiatives.

local search

Australia-based real estate agent reviews platform Open Agent has raised $12 million in a round of funding from Reinventure. The company will use the new round of funding for expanding its presence internationally.

Marketing Technology

analytics & Targeting

Statistical analysis and enterprise analytics tools developer BeyondCore has been acquired by Salesforce. The acquisition will see BeyondCore technology integrated into Salesforce’s platform. Terms of the deal were not disclosed.

Agency & Marketing Services

digital agency

Web video production firm Pounds Media has been acquired by digital agency SnapShot Interactive. The acquisition provides SnapShot with an expanded video production services offering. Terms of the deal were not disclosed.

public relations

Public relations firm Praytell has been acquired by agency network Project. The acquisition will provide Project with a dedicated public relations offering as it looks to expand its geographic presence. Terms of the deal were not disclosed.

Software

big data

Data access and analytics software developer Simba Technologies has been acquired by information management solutions provider Magnitude Software. The acquisition provides Magnitude with strengthened data integration capabilities. Terms of the deal were not disclosed.

data management

Converged data management solutions company Rubrik has raised $61 million in Series C funding led by Khosla Ventures with participation from Lightspeed Venture Partners and Greylock Partners. The company will use the new round of funding for sales and marketing efforts.

financial

Investment portfolio analysis platform AlphaFlow has raised $2.2 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding its engineering division.

financial

Freelancer invoicing solutions company Zervant has raised $4.5 million in a round of funding from Northzone and Conor Venture Partners. The company will use the new round of funding for expanding its presence internationally.

security

Israel-based internet-of-things security startup Dojo Labs has been acquired by UK-based antivirus products developer BullGuard. The acquisition provides BullGuard with an entrance into the internet-of-things market. Terms of the deal were not disclosed.

security

Identity and access management solutions developer My1Login has raised $1.7 million in a round of funding from Scottish Investment Bank, TRI Capital, and Par Equity. The company will use the funding for expanding its presence within Europe.

business services

it consulting

Supply chain software consultancy services provider Ajillus has been acquired by transportation management technology developer Agile Network. The acquisition provides Agile with expanded international scale. Terms of the deal were not disclosed.

training

Singapore-based coding bootcamp programs operator Byte Academy has raised $2.7 million in Series A funding from Tri5 Ventures. The company will use the new round of funding for hiring talent and expanding operations.

training

Education technology company Degreed has raised $25 million in a round of funding from Jump Capital, Signal Peak Ventures, and Rethink Education. The company will use the new round of funding for platform development initiatives.

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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