Daily Deal Activity 09/23/16

Digital Media/Commerce

digital marketplace

Airbnb has raised $555 million at a reported valuation of $30 billion in a round of funding led by Google Capital and Technology Crossover Ventures with participation from undisclosed investors. The funding is a part of the projected total $850 million that the company announced it would raise last month.

ecommerce

China-based electronics manufacturing industry eCommerce platform Cogobuy Group has raised $260 million in a round of funding from Lindeman Asia Investment, China Reinsurance Corporation, and Red Horse Capital. The company will use the funding for expanding into new markets.

mobile content/apps

Driver education app Aceable has raised $4 million in Series A funding led by Silverton Partners and Floodgate with participation from Capital Factory. The company will use the new round of funding for expanding its presence domestically.

social media/apps

User-generated content platform Gfycat has raised $10 million in a round of funding led by Alsop Louie Ventures with Pear Ventures, You and Mr Jones, and StartX Fund. The company will use the new round of funding for hiring talent.

digital advertising

ad networks/exchanges

Programmatic media buying and selling company Sparc Media has been acquired by Australia-based profile marketing company Pureprofile. The acquisition provides Sparc Media with an expanded consumer insights database. Terms of the deal were not disclosed.

mobile marketing

Mobile lock screen advertising solutions company Cashtree has raised $4 million in a round of funding from Korea Investment Partner and K Cube Ventures. The company will use the new round of funding for expanding into new markets.

Marketing Technology

commerce management

SaaS-based travel booking solutions developer Rezserve Technologies has been acquired by community search and information platform DigitalTown. The acquisition provides DigitalTown with expanded lodging management offerings. Terms of the deal were not disclosed.

crm

SaaS-based partner relationship management platform Impartner has raised $8 million in a round of funding from ORIX Growth Capital. The company will use the new round of funding for sales and marketing initiatives.

market research

Customer satisfaction surveys and experience management company ICC/Decision Services has been acquired by customer service performance data provider StellaService. The acquisition provides StellaService with expanded operational performance offerings for its product suite. Terms of the deal were not disclosed.

media management system

Group IMD, developer of a video advertising delivery and campaign data management platform for advertisers and media agencies, has been acquired by Inflexion Private Equity Partners. The acquisition provides Group IMD with the resources for expanding within South America and China. Terms of the deal were not disclosed.

social technology

Customer sentiment mapping startup Cloudcherry has raised $6 million in Series A funding led by Vertex Ventures with participation from Cisco Investment and IDG Ventures. The company will use the funding for product development efforts.

web to print

Tucanna, a provider of print proofing and production workflow solutions for the graphic communications industry, has been acquired by Aleyant. The acquisition provides Aleyant with expanded preflighting capabilities. Terms of the deal were not disclosed.

agency & Marketing services

b-to-b agency

Out-of-home agency C2C Outdoor has been acquired by Dentsu Aegis Network. The acquisition will see C2C Outdoor integrated into Dentsu’s out-of-home arm Posterscope. Terms of the deal were not disclosed.

digital agency

Digital marketing agency Grass Roots Marketing has been acquired by Gold Group Enterprises. The acquisition will see Grass Roots integrated into Gold Group’s in-house creative division 24K Creative. Terms of the deal were not disclosed.

public relations

Public relations firm PacRim Marketing Group has been acquired by public relations and video production agency Vector. The acquisition provides Vector with an expanded geographic presence. Terms of the deal were not disclosed.

specialty agency

Dentsu Aegis Network has acquired France-based independent sports marketing company KENEO. The acquisition will see KENEO integrated into Dentsu’s lifestyle marketing arm MKTG. Terms of the deal were not disclosed.

traditional media

consumer magazine publishing

Pharmacy magazine The Pharmacist has been acquired by healthcare media and marketing services company Cogora. The acquisition provides Cogora with an expanded presence in the primary care market. Terms of the deal were not disclosed.

radio

On-air comedy programs provider Universal Comedy Network has been acquired by United Stations Radio Networks. The acquisition provides USRN with an expanded radio station portfolio. Terms of the deal were not disclosed.

Software

data management

Machine learning startup Tuplejump has been acquired by Apple. The acquisition will see Turtlejump integrated into Apple as the company looks to build out its opensource FiloDB project. Terms of the deal were not disclosed.

erp

Electronic test tools and software developer Fluke Corporation has acquired maintenance management software developer eMaint Enterprises. The acquisition provides Fluke with expanded facility and fleet management capabilities. Terms of the deal were not disclosed.

erp

Cloud-based maintenance and service network connection solutions company Verisae has been acquired by asset and facility management solutions company Accruent. The acquisition provides Accruent with expanded Internet of Things communication capabilities. Terms of the deal were not disclosed.

financial

Spain-based business expense management platform Captio has raised $1.1 million in a round of funding from Sabadell Venture Capital and Kibo Ventures. The company will use the new round of funding for expanding operations.

financial

Financial execution management platform REDI Holdings has been acquired by Thomson Reuters. The acquisition provides Thomson Reuters with an expanded workflow solution for its buy-side trading community. Terms of the deal were not disclosed.

healthcare

Healthcare partner management software developer Creehan & Company will be acquired by Inovalon for $130 million. The acquisition represents 4.8x Creehan LTM revenue and involves $105 million at closing with up to $25 million in contingent payments based on financial performance.

information

financial information

Personal credit reports app developer Nav has raised $25 million in Series B funding led by Experian  with participation from Kleiner Perkins Caufield & Byers and Peak Ventures. The company will use the new round of funding for expanding its audience base and hiring talent.

healthcare information

Peer reviewed medical articles publisher Openaccessjournals.com has been acquired by medical publishing company Pulsus Group. The acquisition provides Pulsus with an expanded presence in the area of medical research. Terms of the deal were not disclosed.

product/price information

Germany-based freight forwarding startup FreightHub has raised $3.3 million in a round of funding from Global Founders Fund, Cherry Ventures, and Cavalry Ventures. The company will use the funding for expanding headcount.

business services

hr consulting

Finance and human resources transformation consultancy Collaborative Solutions has raised an undisclosed amount of funding from WestView Capital Partners. The company will use the new round of funding for expanding its presence internationally.

it consulting

Software testing and business assurance services provider QualiTest Group has been acquired by Marlin Equity Partners. The acquisition provides QualiTest with the resources for expanding its presence geographically. 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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