Daily Deal Activity 10/06/16

Digital Media/Commerce

digital marketplace

Artist marketplace operator Twyla has raised $14 million in a round of funding led by Google Ventures with participation from Redpoint Ventures and IVP. The company will use the new round of funding for expanding its geographic presence.

gaming

Virtual reality game development studio First Contact Entertainment has raised $5 million in a round of funding from undisclosed investors. The company will use the new round of funding for launching new gaming titles.

mobile content/apps, niche content

Storytelling app developer Madefire has raised $6.5 million in Series B funding led by Plus Capital with participation from True Ventures, Anthem Ventures, and Framestore Ventures. The company will use the funding for platform development efforts.

mobile content/apps

News publication and blog following platform NewsTab has raised $1.5 million in a round of funding from private investors. The company will use the new round of funding for product development initiatives.

mobile content/apps, mobile technology

Mobile artificial intelligence assistant Viv has been acquired by Samsung. The acquisition will see Viv continued as an independent company while providing expanded services to Samsung platforms. Terms of the deal were not disclosed.

Marketing Technology

bi tools

SaaS-based mobile operations management platform HappyCo has raised $7.5 million in a round of funding from 500 Startups, Point Nine Capital, and Flight Ventures. The company will use the new round of funding for expanding its sales division.

commerce management

SME online commerce platform solutions Reaction Commerce has raised $2.7 million in a round of funding led by CrossCut Ventures with participation from Double M Partners. The company will use the funding for expanding its engineering division.

search & discovery

Image recognition and visual search technologies developer Corrigon has been acquired by eBay in a transaction valued at approximately $30 million. The acquisition provides eBay with expanded data processing and product experience capabilities. Corrigon financial information was not disclosed.

traditional media

consumer magazine publishing

Golf publications and events company Golfweek has been acquired by Gannett (NYSE:GCI). The acquisition will be complementary to Gannett’s sports programs and publishing business. Terms of the deal were not disclosed.

Software

collaboration

Deal management and collaboration platform Dealpath has raised $8 million in a round of funding from Betchtel Corporation, Deep Fork Capital, Formation 8, and Goldcrest Capital. The company will use the funding for expanding headcount.

engineering

Building specification software developer ARCOM has been acquired by Alpine Investors. The acquisition provides ARCOM with the resources for expanding its presence in the architectural, engineering, and construction market. Terms of the deal were not disclosed.

financial

Point-of-sale financing company Financeit has raised $17 million in a round of funding from The Pritzker Group and DNS Capital. The company will use the new round of funding for sales and marketing initiatives.

financial

Japan-based financial management and accounting software company Money Forward has raised $11 million in a round of funding from Mizuho Capital with participation from Fenox Venture Capital. The company will use the funding for expanding operations.

financial

Risk analytics and financial software developer OpenGamma has raised $13.3 million in a round of funding from Accel Partners. The company will use the new round of funding for expanding its customer base.

healthcare

Healthcare appointment scheduling and treatment compliance app DocSynk has raised $1 million in a round of funding from Naya Ventures. The company will use the new round of funding for expanding operations.

healthcare

Health management company Welltok has raised $33.7 million in a round of funding from New Enterprise Associates, Bessemer Venture Partners, Emergence Capital, InterWest Partners, Sigma Partners, Hearst Health Ventures, and HLM Venture Partners. The company will use the funding for product development.

security

Continuous Security-as-a-Service platform Cybric has raised $6.3 million in a round of funding from Captstone Ventures and Petrillo Capital. The company will use the new round of funding for expanding its presence internationally.

software development tools

Code quality testing platform Code Climate has raised $4.5 million in a round of funding from Union Square Ventures, NextView Ventures, Lerer Hippeau Ventures, Trinity Ventures, and Fuel Capital. The company will use the new round of funding for expanding operations.

business services

healthcare consulting, bpo

Healthcare business process outsourcing company Convey Health Solutions has been acquired by New Mountain Capital from Comvest Partners. The acquisition provides Convey with the resources for expanding operations. Terms of the deal were not disclosed.

it consulting

IT consulting firm Network Infrastructure Technologies has been acquired by Matrix International Financial Services. The acquisition provides Matrix International with an expanded geographic presence. Terms of the deal were not disclosed.

staffing

Recruitment and staffing firm The Execu Search Group has been acquired by New Heritage Capital. The acquisition provides The Execu with the resources for expanding operations. 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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