Daily Deal Activity 09/20/16

Digital Media/Commerce

digital marketplace

Pre-owned car retailer Vroom has raised $50 million in a round of funding from Alitmeter Capital, Foxhaven Asset Management, L Catterton, General Catalyst Partners, Allen & Company and T. Rowe Price Associates. The company will use the funding for expanding operations.

ecommerce

France-based food delivery startup FoodCheri has raised $6.7 million in a round of funding led by 360 Capital Partners and Breega Capital with participation from Samaipata Ventures. The company will use the funding for expanding its presence domestically.

ecommerce

Meal kit delivery startup Chefs Plate has raised $4.5 million in a round of funding led by Acton Capital Partners with participation from Emil Capital. The company will use the new round of funding for expanding its presence within Canada.

mobile content/apps, ecommerce

Singapore-based ride hailing company Grab has raised $750 million in a round of funding led by SoftBank with participation from Tiger Global Management, GGV Capital, Coatue Management, and Vertex Ventures. The company will use the funding for building out its mobile wallet feature.

niche content

Online cultural festivals community operator Everfest has acquired competitor Fest300. The acquisition will provide Everfest with an expanded geographic presence and audience base. Terms of the deal were not disclosed.

digital Advertising

local search

France-based local services marketplace StarOfService has raised $10 million in Series A funding from Enern Investments, Point Nine Capital, and private investors. The company will use the funding for expanding its presence internationally.

Marketing Technology

Analytics & targeting, social technology

Social data analytics company 4C Insights has raised $26 million in Series C funding led by Kayne Partners with participation from Jump Capital and Prime Ventures. The company will use the new round of funding for hiring talent and expanding sales efforts.

Analytics & targeting

AdStage, a developer of cross-channel search and social campaign management solutions for agencies and marketers, has raised $2 million in a round of funding from Verizon Ventures. The company will use the new round of funding for expanding headcount and product development.

Analytics & targeting

Turkey-based campaign targeting solutions company Insider has raised $2.2 million in a round of funding from Wamda Capital. The company will use the new round of funding for expanding its presence in the US.

content management

Online website design solutions company MicroD has raised an undisclosed amount of funding from Armory Capital. The company will use the new round of funding for building out its customer service program.

market research

Marketing services and consumer insight companies’ holding company Reimagine Holdings Group has received an undisclosed amount of equity financing from BV Investment Partners. The company will use the funding for pursuing strategic acquisition opportunities.

mrm/workflow management

Business productivity automation platform Progressly has raised $6 million in Series A funding from Accelerate-IT Ventures. The company will use the new round of funding for expanding sales and marketing efforts.

mrm/workflow management

Australia-based communication workflow automation app Whispir has raised $9 million in a round of funding from Telstra Ventures, NSI Ventures, and Rippledot Capital. The company will use the funding for expanding its presence in the US.

search & Discovery

Speech recognition and natural language startup API.AI has been acquired by Google. The acquisition will be complementary to Google’s Cloud Natural Language API offering. Terms of the deal were not disclosed.

search & Discovery

Search relevance and recommendation technology developer Blackbird Technologies has been acquired by Etsy (Nasdaq:ETSY). The acquisition provides Etsy with expanded personalized search and shopping capabilities. Terms of the deal were not disclosed.

sfa/lead management

UK-based call tracking solutions company Infinity Tracking has raised $13 million in a round of funding from Smedvig Capital. The company will use the new round of funding for expanding its presence internationally.

sfa/lead management, crm

Customer experience and order management applications provider Vlocity has raised $50 million in a round of funding led by Sutter Hills Ventures with participation from Salesforce Ventures, Accenture, New York Life, Kennet Partners, TDF Ventures, and Wildcat Venture Partners. The company will use the funding for expanding its presence internationally.

agency & marketing Services

design agency

Deloitte has acquired Australia-based virtual reality solutions and services firm Kid Neon. The acquisition will see Kid Neon integrated into Deloitte’s Spatial and Brand Experience division. Terms of the deal were not disclosed.

Software

big data

Mautic, developer of an open source platform for marketing automation, has raised $5 million in Series A funding from G20 Ventures and Underscore.VC. The company will use the new round of funding for building out its engineering division.

cloud computing

Cloud computing solutions company Cornami has raised $3 million in Series B funding from Impact Venture Capital. The company will use the new round of funding for expanding operations and headcount.

financial

Retirement management platform Vestwell has raised $4.5 million in a round of funding led by FinTech Collective with participation from F-Price Capital, Primary Venture Partners, and Commerce Ventures. The company will use the new round of funding for product development efforts.

infrastructure

Adaptive operational database company Fauna has raised $4.5 million in a round of funding led by Charles River Ventures with participation from Data Collective, Webb Investment Network, and Ulu Ventures. The company will use the funding for launching out of beta.

software development tools

France-based software and mobile app development company Sylpheo has been acquired by Renault and Nissan. The acquisition will see Sylpheo build out ride hailing and car sharing solutions for the automaker alliance. Terms of the deal were not disclosed

business services

healthcare consulting

Outsourced healthcare practice management services provider Island Medical Management has received an undisclosed investment from New Mountain Capital. The company will use the proceeds of the funding for expanding its geographic presence.

staffing, it consulting

Thomas H. Lee Partners has acquired a majority stake in workforce and staffing solutions company System One from Mediaocean Partners. The acquisition provides System One with the resources for expanding into new markets. Terms of the deal were not disclosed.

training

Enterprise resource planning and product training services provider Maverick Solutions has been acquired by GP Strategies Corporation (NYSE:GPX). The acquisition provides GP Strategies with expanded offerings for its healthcare customer base. 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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