Daily Deal Activity 09/26/16

Digital Media/Commerce

ecommerce

Online food retailer FreshDirect has raised $189 million in a round of funding led by J.P. Morgan Asset Management with participation from W Capital. The company will use the funding for expanding its geographic presence.

gaming

Daily sports and gamification company Fanlogic will be acquired by HeadsUp Entertainment. The acquisition provides HeadsUp with an expanded presence in the eSports and social gaming sectors. Terms of the deal were not disclosed.

mobile content/apps

Mobile logistics startup Sparse Labs has been acquired by online restaurant discovery and ordering portal Zomato. The acquisition provides Zomato with expanded delivery experience capabilities. Terms of the deal were not disclosed.

niche content

Millennial men-focused media startup Inverse has raised $6 million in Series A funding led by Crosslink Capital with participation from Bertelsmann Digital Media Investments, Social Starts, and Bialla Venture Partners. The company will use the funding for hiring talent.

digital advertising

mobile marketing

Mobile moment advertising platform developer Aki Technologies has raised $3.8 million in a round of funding from Blue Marlin Partners. The company will use the new round of funding for expanding operations.

mobile marketing

China-based private equity firm Orient Hontai Capital has acquired a majority stake in mobile advertisement platform developer AppLovin in a transaction valuing the company at $1.4 billion. The company has reported 2015 revenues of $234 million and is expected to double this figure for 2016. Further financial information was not disclosed.

Marketing Technology

analytics & targeting

Retailer and brand targeting and analytics company Certona has raised $30 million in a round of funding from Primus Capital. The company will use the new round of funding for product development initiatives.

analytics & targeting

France-based field and construction predictive analytics app Finalcad has raised $20 million in Series B funding from Serena Capital, Caphorn Invest, and Aster Capital. The company will use the funding for expanding its presence within the US.

commerce management

eCommerce software developer Paddle has raised $3.2 million in a round of funding led by BGF Ventures with participation from Spring Partners. The company will use the funding for expanding its presence internationally.

email/messaging software, social technology

Marketing automation platform Mautic has raised $5 million in a round of funding from G20 Ventures and Underscore VC. The company will use the funding for building out its email campaign automation offering.

product/price information

Auto insurance estimate data automation platform Estify has raised $6.3 million in a round of funding led by Romulus Capital with participation from ff Venture Capital. The company will use the funding for expanding operations.

agency & Marketing services

public relations

Public relations and marketing firm Meld Strategy + Communications will be acquired by Echos Brand Communications. The acquisition provides Echos with an expanded geographic presence. Terms of the deal were not disclosed.

traditional media

entertainment media, niche content

Singapore-based social music company BandLab Technologies has taken a 49 percent stake in Rolling Stone. The investment provides Rolling Stone with the resources for expanding into merchandising, live event, and hospitality businesses in Asia. Terms of the deal were not disclosed.

newspaper publishing

Gatehouse Media has acquired local newspapers publisher The Columbia Daily Tribune. The acquisition will be complementary to Gatehouse’s daily local newspaper and publications portfolio. Terms of the deal were not disclosed.

Software

collaboration

Government agency communication solutions company GovDelivery has been acquired by Vista Equity Partners for a reported $153 million. The acquisition provides GovDelivery with the resources for expanding its presence in the public sector. GovDelivery financial information was not disclosed.

data management

Cloud recovery and backup platform Gillware Online Backup has been acquired by competitor StorageCraft Technology. The acquisition provides StorageCraft with an expanded research and development division. Terms of the deal were not disclosed.

data management

In-memory database developer Kinetica has raised $6 million in a round of funding from GreatPoint Ventures. The company will use the new round of funding for product development, marketing, and sales initiatives.

data management

Data lake management platform Podium Data has raised $9.5 million in Series A funding led by Malibu Ventures with participation from Dolby Family Ventures. The company will use the new round of funding for sales and marketing efforts.

erp

Building maintenance and management platform Site 1001 has raised $5 million in Series A funding from Flyover Capital, Tifec, and Ward Ventures. The company will use the new round of funding for expanding its engineering division.

financial

Australia-based fund administration software developer Financial Synergy has been acquired by IRESS Market Technology for $90 million. The acquisition provides IRESS with an expanded international presence. Financial Synergy financial information was not disclosed.

financial

MemberSuite, developer of a SaaS-based management platform for nonprofits, has raised $11 million in series B funding led by Revolution Ventures with participation from Fidelis Partners, Accomplice Partners, and Alerion Ventures. The company will use the new round of funding for expanding headcount.

financial

UK-based online wealth management platform MoneyFarm has raised an undisclosed amount of funding from Allianz. The company will use the new round of funding for expanding its presence within Germany.

financial

Mobile banking startup Zero has raised $2.5 million in a round of funding led by Eniac Ventures with participation from New Enterprise Associates and Nyca Partners. The company will use the funding for platform development efforts.

security

Cybersecurity company Expel has raised $7.5 million in Series A funding led by Paladin Capital Group with participation from New Enterprise Associates, Battery Ventures, and Greycroft Partners. The company will use the funding for building out its security systems maintenance offering.

security

Cloud security and enablement company Skyhigh Networks has raised $40 million in Series D funding led by Thomvest Ventures with participation from Sequoia Capital and Greylock Partners. The company will use the funding for building out its cloud access security broker solution.

information

credit/risk information

Credit information services provider SavvyMoney has raised an undisclosed amount of funding from led by TransUnion with participation from TB Capital and Tugboat Ventures. The company will use the funding for expanding its distribution presence in the financial services industry.

business services

credit/risk consulting

Risk management and property compliance services provider SAI Global will be acquired by Bering Private Equity for $1 billion. SAI has reported LTM revenues of $425 million and EBITDA of $88.6 million, representing a 2.1x revenue multiple and a 10.2x EBITDA multiple.

it consulting

Workday consulting and deployment services provider DayNine has been acquired by Accenture. The acquisition will see DayNine integrated into Accenture’s Cloud First Applications division. 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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