Daily Deal Activity 11/03/16

Digital Media/Commerce

digital marketplace

China-based daily rental and short-term rooms platform Xiaozhu has raised $65 million in Series D funding led by Capital Today, Joy Ventures, and Bertelsmann Investments with participation from Morningside Ventures and Heyu Capital. The company will use the funding for expanding its geographic presence.

ecommerce

Mail.Ru Group has acquired the Russia-based takeout business of Rocket Internet-owned food delivery company Foodpanda for $100 million. The acquisition provides Mail.Ru Group with an expanded delivery service offering. Financial information was not disclosed.

ecommerce

Recipe box subscription service Gousto has raised $12.5 million in a round of funding from MMC Ventures and BGF Ventures. The company will use the new round of funding for focusing on customer experience initiatives.

ecommerce

Online dollar store Hollar has raised $30 million in Series B funding led by Kleiner Perkins Caufield & Byers with participation from Comcast Ventures, Greycroft Partners, Lightspeed Venture Partners, Index Ventures, Forerunner Ventures, and Pritzker Group. The company will use the new round of funding for expanding operations.

gaming

Canada-based social gaming studio Big Viking Games has raised $21.8 million in a round of funding from RBC and BDC Capital. The company will use the new round of funding for launching new social gaming titles.

Marketing Technology

Analytics & targeting

Web performance analytics company Catchpoint has raised $22.5 million in Series C funding from Sapphire Ventures with participation from Battery Ventures. The company will use the new round of funding for launching its product internationally.

content management

Content marketing calendar Atomized has raised $2.5 million in a round of funding from private investors. The company will use the new round of funding for hiring talent and expanding marketing initiatives.

mrm/workflow management

Healthcare marketing and automation platform Doctible has raised $2 million in a round of funding from private investors. The company will use the new round of funding for expanding its sales and product divisions.

mrm/workflow management

Commercial insurance workflow management platform Indio has raised $2 million in a round of funding from New Enterprise Associates, Compound, Merus Capital, and 500 Startups. The company will use the new round of funding for expanding its user base.

product/price software

Marketplace feed inventory information and sales solutions company Auction 123 has been acquired by ARI Network Services. The acquisition provides ARI with an expansion into the automotive dealer market. Terms of the deal were not disclosed.

sfa/lead management

UK-based enterprise lead management platform Convertr has raised $3.7 million in a round of funding from Albion Ventures. The company will use the new round of funding for expanding its presence internationally.

agency & marketing services

digital agency

Digital marketing and app development agency Axis41 has been acquired by Merkle. The acquisition will strengthen the Merkle’s Adobe Experience Manager offering and will add a reported $25 million in revenue to the company’s marketing cloud practice. The transaction is Merkle’s first since join Dentsu Aegis Network. Terms of the deal were not disclosed.

experiential marketing

Chime Communications-owned CSM Sport & Entertainment has acquired experiential and event agency LeadDog Marketing. The acquisition provides CSM with an expanded presence in the US. Terms of the deal were not disclosed.

Software

engineering

UK-based infrastructure project management software developer ComplyPro has been acquired by Bentley Systems. The acquisition provides Bentley Systems with strengthened asset performance modeling capabilities. Terms of the deal were not disclosed.

financial

Post-trade compliance solutions company Droit Financial Technology has raised $16 million in a round of funding from Goldman Sachs, Pivot Investment Partners, and Wells Fargo. The company will use the new round of funding for product development.

financial

Customer care and billing software solutions company Hansen Technologies has acquired customer management and billing solution developer HiAffinity. The acquisition provides Hansen with an expanded international presence. Terms of the deal were not disclosed.

financial

Revenue cycle management company Recondo Technology has raised $16 million in debt and equity funding from Lemhi Ventures and Bridge Capital. The company will use the investment proceeds for product development efforts.

healthcare

Digital health company Cohero Health has raised $9 million in a round of funding led by Three Leaf Ventures with participation from Zaffre Investments. The company will use the new round of funding for product development efforts.

healthcare

Direct-to-consumer telehealth company PlushCare has raised $8 million in Series A funding led by GGV Capital with participation from Lightspeed Venture Partners and Exponent. The company will use the new round of funding for expanding its presence within the US.

healthcare

Digital nutrition platform Zipongo has raised $18 million in Series B funding led by Mayfield Fund with participation from Excel Venture Management. The company will use the new round of funding for expanding operations.

business services       

it consulting

Sweden-based customer relationship management software consulting services provider Actionbase will be acquired by marketing and IT consultancy Avaus Consulting. The acquisition provides Avaus 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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