Daily Deal Activity 10/11/16

Digital Media/Commerce

niche content, digital video

Over-the-top video platform YuppTV has raised $50 million in a round of funding from Emerald Media. The company will use the new round of funding for expanding its content library with original programming.

digital marketplace

IAC/InterActiveCorp-owned home services marketplace HomeAdvisor has acquired Germany-based competitor MyHammer from Holtzbrinck Digital in a transaction valued at $28.9 million. MyHammer has reported LTM revenues for $10 million representing a revenue multiple of $2.8x.

gaming

Mobile games developer Koukoi Games has raised $1 million in a round of funding from IPR.VC and TEKES. The company will use the new round of funding for producing new mobile games in the IP market.

Marketing Technology

analytics & targeting

Web application delivery analytics company Webscale has raised $12 million in a round of funding led by Mohr Davidow Ventures with participation from Grotech Ventures. The company will use the new round of funding for product development.

analytics & targeting

Mobile sales solutions and data analytics company Wheelhouse Analytics has been acquired by Envestnet (NYSE:ENV). The acquisition will see Wheelhouse integrated into Yodlee’s data and analytics offering. Terms of the deal were not disclosed.

crm

Recruitment business contractor management platform Sonovate has raised $17 million in a round of funding led by Global Founders Capital with participation from Dawn Capital. The company will use the funding for expanding headcount.

email/messaging software

SaaS-based email marketing and incoming communication solutions company ActiveCampaign has raised $20 million in a round of funding from Silversmith Capital Partners. The company will use the new round of funding for hiring talent.

social technology

YouTube social media marketing and digital influencer startup FameBit has been acquired by Google. The acquisition will provide YouTube with an expanded technology offering for connecting multichannel networks and agencies with YouTube influencers. Terms of the deal were not disclosed.

social technology

Brand ambassador promotion and management solutions provider StreetTeam has raised $10 million in a round of funding from Kindred Capital, Frontline Ventures, Universal Music Group and Saatchi Invest. The company will use the new round of funding for expanding headcount.

agency & marketing services

digital agency

India-based creative marketing agency Happy Creative Services has been acquired by Dentsu Aegis Network for a reported $44 million. The acquisition will see Happy integrated into Dentsu’s McGarryBowen network. Happy financial information was not disclosed.

media planning/buying

Media planning and buying agency Target Media Communications Group has been acquired by Havas. The acquisition will see Target Media integrated into Havas Media while providing the company with an expanding presence in the entertainment and content markets. Terms of the deal were not disclosed.

traditional outdoor

traditional outdoor

Outdoor media company OohMedia will acquired UK-based out-of-home media company Executive Channel Network for a reported $68.5 million. The acquisition provides OohMedia with an expanded geographic display media network. ECN is forecast to contribute $8 million of EBITDA in CY2017 representing an EBITDA multiple of 8.5x.

Software

application management

Cloud infrastructure management solution CloudCoreo has raised $2.9 million in a round of funding led by Madrona Venture Group with participation from Divergent Ventures and Data Collective. The company will use the funding for expanding its engineering division.

credit/risk

Risk mitigation solutions company Infutor Data Solutions has been raised an undisclosed amount of funding from Norwest Venture Partners. The company will use the new round of funding for product development efforts.

erp

Restaurant supply chain management solution provider SimpleOrder has raised $2.8 million in a round of funding from Lazarus Israel Opportunities Fund and Foodlab Capital. The company will use the funding for building out new automation capabilities.

financial

Invoice funding platform FundThrough has raised $24.3 million in a round of funding from ScaleUp Ventures and OnWave Ventures. The company will use the new round of funding for expanding operations.

financial

Project and service contractor management platform simPRO has raised $29 million in a round of funding from Level Equity. The company will use the new round of funding for expanding its presence in the UK.

geo-demo

GIS software applications developer Cityworks has raised $14.5 million in a round of funding from Polaris Partners and Blue Cloud Ventures. The company will use the new round of funding for expanding its customer base.

hr

Onboarding and talent development platform Everwise has raised $16 million in Series B funding led by Sequoia Capital with participation from Canvas Ventures and Webb Investment Network. The company will use the funding for expanding marketing initiatives.

infrastructure

Infrastructure onboarding automation company itopia has raised $3.5 million in a round of funding private investors. The company will use the new round of funding for expanding its IT service provider partner program.

information

financial information

Financial services transparency tools and data provider Bison has raised an undisclosed amount of funding led by Hamilton Lane with participation from GrandBanks Capital and Accomplice. The company will use the funding for expanding its customer base.

geo-demo information

Geospatial information company The Radiant Group has been acquired by Earth imagery and information company DigitalGlobe (NYSE:DGI) for $140 million. Radiant has expected 2016 revenues of $100 million representing a 1.4x revenue multiple.

healthcare information

Healthcare study platform Evidation Health has raised $15 million in a round of funding led by B Capital Group with participation from GE Ventures, Fresco Capital, and Pappas Ventures. The company will use the new round of funding for scaling operations.

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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