Daily Deal Activity 10/25/16

Digital Media/Commerce

mobile content/apps, digital video

Gaming community live streaming app Mobcrush has raised $20 million in Series B funding led by Evolution Media with participation from Kleiner Perkins Caufield & Byers, Raine Ventures, Lowercase Capital, and First Round Capital. The company will use the new round of funding for expanding its engineering division.

Marketing Technology

Analytics & targeting

Metrics monitoring services provider Wavefront has raised $52 million in Series B funding from Sequoia Capital, Sutter Hill Ventures, and Tenaya Capital. The company will use the funding for expanding its presence internationally.

bi tools

Mobile-first rental residential property management company Mynd has raised $5.5 million in a round of funding from Canaan Partners. The company will use the new round of funding for expanding operations.

bi tools, data management

Self-service data preparation platform Paxata has raised $33.5 million in a round of funding led by Intel Capital with participation from Microsoft Ventures, Cisco Investment, Deutsche Telekom Capital Partners, AirTree Ventures, and Accel Partners. The company will use the funding for expanding its presence in Europe.

mrm/workflow management

SaaS-based workflow automation solution developer Red Sift has raised $2 million in a round of funding led by White Star Capital with participation from Oxford Capital and Entrée Capital. The company will use the funding for platform development efforts.

search & Discovery

Visual search solutions company Clarifai has raised $30 million in Series B funding led by Menlo Ventures with participation from Union Square Ventures, Lux Capital, and Qualcomm Ventures. The company will use the new round of funding for expanding its engineering division.

agency & Marketing services

design agency

User experiencer agency Pixl has been acquired by creative agency Idea Booth. The acquisition provides Idea Booth with expanded digital design and user interface/experience capabilities. Terms of the deal were not disclosed.

traditional media

consumer magazine publishing, niche content

Fitness and wellness publisher and events operator IDEA Health & Fitness Association has been acquired by enthusiast magazine publisher Active Interest Media. The acquisition provides AIM with expanded digital offerings. Terms of the deal were not disclosed.

digital place-based media, market research

In-store shopper experience solutions developer InContext Solutions has raised $15.2 million in a round of funding from Intel Capital and Beringea. The company will use the new round of funding for sales and marketing efforts.

traditional outdoor

Australia-based APN New and Media will acquire the remaining half that it does not already own of outdoor advertising company Adshel for $205.2 million. Adshel has reported LTM revenues for the period ended June 30th of $127 million and EBITDA of $31 million, representing a revenue multiple of 3.2x and an EBITDA multiple of 12.8x.

Software

collaboration

Enterprise decision making solutions provider Cloverpop has raised $6.2 million in Series A funding led by TDF Ventures and True Ventures with participation from Next Coast Ventures. The company will use the new round of funding for expanding sales efforts.

collaboration

Data science collaboration platform Dataiku has raised $14 million in Series A funding led by FirstMark Capital with participation from Serena Capital and Alven Capital. The company will use the new round of funding for expanding its presence in the US.

collaboration

Data publishing and sharing solutions developer OpenDataSoft has raised $5.5 million in a round of funding from Aster Capital, Salesforce Ventures, and Aurinvest. The company will use the funding for research and development initiatives.

data management

Human performance analytics software developer Kinduct has raised $9 million in a round of funding led by Intel Capital with participation from CFFI Ventures and Elysian Park Ventures. The company will use the new round of funding for platform development efforts.

financial

E-invoicing solutions company InfoAccess.net has been acquired by accounts payable automation company Corcentric Collective Business System. The acquisition provides Corcentric with strengthened AP automation capabilities. Terms of the deal were not disclosed.

hr

Time and labor management services company Datamatics Management Services has been acquired by Kronos. The acquisition provides Kronos with expanded cloud workforce management offerings. Terms of the deal were not disclosed.

hr

Worker-owned health benefit platform Hixme has raised $14.1 million in Series B funding led by Propel Venture Partners with participation from Kleiner Perkins Caufield & Byers, Transamerica Ventures, and Rosemark Capital. The company will use the funding for expanding its geographic presence.

hr

China-based human resources and IT outsourcing startup Microseer has raised $30 million in a round of funding from JD Finance. The company will use the new round of funding for building out its cloud-based human resource management platform.

infrastructure

Hybrid infrastructure operation solutions company RackN has raised an undisclosed amount of funding from SK Ventures, Juniper Networks, and EVO Venture Partners. The company will use the new round of funding for expanding headcount.

security

Encryption as a service solutions provider Baffle has raised $3 million in a round of funding led by True Ventures with participation from Engineering Capital. The company will use the new round of funding for platform development initiatives.

security

Network security policy management company FireMon has acquired cloud infrastructure security company FortyCloud. The acquisition will provide FireMon with expanded cloud management capabilities. Terms of the deal were not disclosed.

security

Password cybersecurity solutions company HYPR has raised $3 million in a round of funding from RTP Ventures, Boldstart Ventures, and Mesh Ventures. The company will use the new round of funding for marketing initiatives.

security

Incident response platform Uplevel Security has raised $2.5 million in a round of funding from First Round Capital and Aspect Ventures. The company will use the new round of funding for expanding its customer base.

Business Services

healthcare consulting

India-based pharmaceutical contract research services company Rubicon Research has been acquired by Everstone Capital Management in a transaction valuing the company at $33 million. Rubicon Research financial information was not disclosed.

it consulting

Microsoft Azure services company 10th Magnitude has received an undisclosed growth equity investment from Pamlico Capital. The company will use the new round of funding for expanding its geographic presence.

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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