Daily Deal Activity 10/20/16

Digital Media/Commerce

ecommerce

China-based alcohol B-to-B eCommerce startup Yijiupi has raised $100 million in Series C funding led by Greenwoods Asset with participation from Source Code Capital, Lighthouse Capital, and HG Capital. The company will use the new round of funding for expanding its geographic presence.

ecommerce

Germany-based online industrial retailer Contorion has raised an undisclosed amount of Series B funding from Endeit Capital. The company will use the round of funding for expanding into new product groups.

mobile content/apps

Personal finance mobile app Clarity Money has raised an undisclosed amount of funding from Bessemer Venture Partners, Soros Capital, and Maveron Ventures. The company will use the new round of funding for launching out of beta.

niche content

Online lifestyle magazine publisher and retailer Edition Collective has been acquired by clothing retailer Q Fifty One. The acquisition coincides with Q Fifty One’s clothing eCommerce strategy. Terms of the deal were not disclosed.

niche content

Digital services company Red Ventures has acquired Soda, a network of top-trafficked online media brands. The transaction is part of Red Ventures’ continued expansion into new industries through a set of new solutions and assets, and will help the company reach consumers more effectively in the non-brand space while further expanding its online footprint. Terms of the deal were not disclosed. (A Petsky Prunier-led transaction)

digital advertising

online lead generation

Insurance marketplace EverQuote has raised $23 million in Series B funding led by Savano Capital Partners with participation from Stratim Capital, Ocenaic Partners, and T Capital Partners. The company will use the new round of funding for expanding sales efforts

Marketing Technology

analytics & targeting

SaaS-based incentives management solutions company 360insights has raised $30 million in a round of funding from Sageview Capital. The company will use the new round of funding for expanding its consumer incentives offering.

analytics & targeting

Customer feedback solutions company Kampyle has been acquired by customer experience management solutions company Medallia. The acquisition provides Medallia with an expanded offering for mobile channels. Terms of the deal were not disclosed.

content management     

Event content planning automation platform Hubb has raised $3 million in a round of funding from Elevate Capital. The company will use the new round of funding for expanding its marketing and sales divisions.

marketing asset management

Digital asset management, streaming, and video on-demand solutions company Fordela Corporation has been acquired by Vision Media Management. The acquisition provides Vision Media with enterprise-level media asset management capabilities. Terms of the deal were not disclosed.

mrm/workflow managment

SaaS-based product roadmap management platform productboard has raised $1.3 million in a round of funding led by Index Ventures and Credo Ventures with participation from Spread Capital. The company will use the funding for product development initiatives.

agency & Marketing services

digital agency

India-based public relations company SPAG has acquired healthcare-focused digital marketing and social media agency Giga Health. The acquisition will be complementary to SPAG’s existing digital marketing arm D Yellow Elephant. Terms of the deal were not disclosed.

Software

financial

Payment automation software developer Nvoicepay has raised $10 million in a round of funding from Napier Park Financial Partners. The company will use the new round of funding for expanding operations.

healthcare

SaaS-based population health management company Health Data Intelligence has been acquired by decision analytics company Trendshift. The acquisition provides Trendshift with expanded case management and risk-based intervention capabilities. Terms of the deal were not disclosed.

healthcare

Digital medicine platform Propeller Health has raised $21.5 million in Series C funding from 3M Ventures, SR One, Hikma Ventures, Safeguard Scientifics, and Social Capital. The company will use the new round of funding for expanding platform capabilities.

hr

Talent discovery startup Atipica has raised $2 million in a round of funding led by True Ventures with participation from Kapor Capital and Precursor Ventures. The company will use the new round of funding for expanding headcount.

security, it consulting

Cloudaron Group has acquired encryption startup iTwin and cloud integration services provider Pro-Datech. The acquisitions provide Cloudaron with an expanded presence in Southeast Asia. Terms of the deals were not disclosed.

security

Data science and commerce fraud detection company Feedzai has raised an undisclosed amount of funding from Citi Ventures. The company will use the new round of funding for expanding its geographic presence.

security

Government agency cybersecurity solutions provider Nehemiah Security has acquired anomaly detection solutions company Triumfant.

software development tools

Software quality tools developer Undo has raised $3.3 million in a round of funding led by Cambridge Innovation Capital with participation from Rockspring. The company will use the funding for product development initiatives.

Business Services

it consulting

Wipro has acquired cloud services and cloud integration consultancy Appirio for $500 million. The acquisition provides Wipro with strengthened cloud infrastructure capabilities and an expanded IT contractor network. Appirio has reported 2015 revenues of $200 million.

logistics

CDPQ has acquired a minority stake valued at $155 million in India-based logistics and warehousing solutions company TVS Logistics from Goldman Sachs and KKR. The transaction coincides with CDPQ’s India expansion strategy. TVS Logistics financial information was not disclosed.

printing services

Printing solutions and direct marketing programs company IBS Direct has acquired print management company Maestro Managed Print Solutions. The acquisition provides IBS with an expanded geographic presence. 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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