Daily Deal Activity 08/22/16

Digital Media/Commerce

ecommerce, mobile content/apps

China-based eCommerce app developer Daling has raised $45 million in Series C funding from Capital Today, IDG Capital, and Sequoia Capital. The company will use the new round of funding for increasing marketing initiatives.

ecommerce

Germany-based fashion eCommerce site StyleLounge has raised an undisclosed amount of funding from Rocket Internet, TA Ventures, Astutia Ventures, and Axivate Capital. The company will use the new round of funding for expanding its presence within Europe.

digital advertising

comparison shopping

Australia-based digital shopping comparison company Next Commerce has been acquired by Future plc. The acquisition provides Future with expanded eCommerce holdings in Australia and Southeast Asia. Terms of the deal were not disclosed.

mobile marketing

Targeted mobile campaign solutions company MediaBrix has raised $6.5 million in a round of funding from Edison Partners, Revel Partners, and Horizon Technology Finance. The company will use the new round of funding for expanding headcount while focusing on research and development initiatives.

Marketing Technology

analytics & targeting, ad networks/exchanges

Traffic monetization and search targeting solutions company Media.net has been acquired by a consortium of China-based investors led by Miteno Communication Technology for a reported $900 million. The acquisition provides Media.net with the resources for expanding its presence within China. Media.net has reported 2015 revenues of $232 million.

commerce management

Hotelchamp, developer of a SaaS-based direct bookings platform for hotels, has raised $2 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding its client base.

mobile technology

InfoVista has acquired the TEMS network monitoring and testing platform business of Ascom for $45 million. The acquisition provides Ascom with strengthened mobile network performance analytics capabilities. TEMS financial information was not disclosed.

mrm/workflow management, mobile content/apps

Artificial intelligence meeting scheduling tools developer Genee has been acquired by Microsoft. The acquisition will see Genee integrated into Microsoft’s Office 365 suite. Terms of the deal were not disclosed.

tradtional media

b-to-b media

Parenting conferences operator Big City Moms has been acquired by tradeshow and events agency Sparks Marketing Group. The acquisition provides Sparks with an expanded events portfolio. Terms of the deal were not disclosed.

entertainment media

France-based concert promotions company Nous Productions has been acquired by Live Nation Entertainment from Warner Music. The acquisition provides Live Nation with expanded international operations. Terms of the deal were not disclosed.

Software

cloud computing

Israel-based machine learning and pattern recognition startup Saips has been acquired by Ford Motor Company. The acquisition will see Saips integrated into Ford’s autonomous vehicle division. Terms of the deal were not disclosed.

financial

Youth sports management technology developer Affinity Sports has been acquired by Dick’s Sporting Goods. The acquisition provides Dick’s with expanded offerings for its Team Sports HQ platform. Terms of the deal were not disclosed.

engineering

InsiteVR, a developer of virtual reality solutions for architects, has raised $1.5 million in a round of funding from Y Combinator and CyberAgent Ventures. The company will use the new round of funding for hiring talent.

erp

Supply chain management and logistics platform Gravity Supply Chain has raised $1 million in a round of funding from undisclosed investors. The company will use the new round of funding for building out its engineering division.

hr

Cloud-based mentorship software developer Uvize has been acquired by behavioral health company SonderMind. The acquisition provides SonderMind with an expanded mental health therapist community. Terms of the deal were not disclosed.

security

Data encryption startup Virtru has raised $29 million in Series A funding led by Bessemer Venture Partners with participation from New Enterprise Associates, Soros Fund Management, Haystack Partners, and Blue Delta Capital. The company will use the new round of funding for expanding its presence internationally.

software development tools

Mobile app development framework PerfectlySoft has raised $1.5 million in a round of funding from Impression Ventures. The company will use the new round of funding for product development initiatives.

information

Apple has acquired Gliimpse, developer of a platform for consumers to manage and share medical records and information. The acquisition is complementary to Apple’s digital health division. Terms of the deal were not disclosed.

business services

it consulting

Big data and analytics consulting firm Society Consulting has been acquired by Ernst & Young. The acquisition provides Ernst & Young with an expanded data science and data architecture offering. 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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