Daily Deal Activity 11/16/16

Digital Media/Commerce

gaming

eSports company Mobalytics has raised $2.6 million in a round of funding from Almaz Capital, Founders Fund, General Catalyst, and GGV Capital. The company will use the new round of funding for expanding operations.

niche content

Scroll, developer of a subscription service for browsing ad-free content, has raised $3 million in a round of funding from SoftTech, OATV, Axel Springer, News Corp, and The New York Times. The company will use the new round of funding for launching its service out of beta.

Marketing Technology

mrm/workflow management

Mobile workforce management platform Skedulo has raised $9.2 million in Series A funding led by Costanoa Venture Capital with participation from Blackbird Ventures. The company will use the new round of funding for expanding its marketing and sales division.

search & discovery

Computational linguistics company Yewno has raised $6.5 million in Series A funding from Pacific Capital Group. The company will use the new round of funding for building out operations and expanding into new vertical markets.

teleservices/eservices

Sweden-based B-to-C call center connection platform Now Interact has raised $5 million in Series A funding from SEB Venture Capital. The company will use the new round of funding for expanding its presence in the US.

website creation/hosting

Website creation platform PageCloud has raised $8.6 million in Series A funding from Accomplice and Export Development Canada. The company will use the new round of funding for platform development initiatives.

agency & Marketing services

ethnic/multicultural agency

Multicultural and creative marketing agency Gravity Media has been acquired by Dentsu Aegis Network. The acquisition will be complementary to Dentsu’s US-based multicultural marketing presence. Terms of the deal were not disclosed.

traditional media

digital place-based media

AccentHealth, operator of a waiting room television network, has been acquired by digital healthcare networks company ContextMedia. The acquisition provides ContextMedia with expanded point-of-care programming offerings. Terms of the deal were not disclosed.

Software

cloud computing

Artificial intelligence and machine learning solution development platform Petuum has raised $15 million in Series A funding led by Advantech Capital with participation from Tencent, Northern Light Venture Capital, and Oriza Ventures. The company will use the funding for expanding headcount.

collaboration

Online project management platform Mavenlink has raised $39 million in Series D funding from Goldman Sachs Growth Equity. The company will use the new round of funding for expanding its presence within Europe.

data management

Bit Stew, developer of a data integration platform for the utility and manufacturing industries, has been acquired by General Electric for a reported $153 million. Bit Stew has raised $26 million to date and the acquisition provides will see the company integrated into GE’s Predix platform. Financial information was not disclosed.

erp

Retail ticketing and supply chain software company Fineline Technologies has raised an undisclosed amount of funding from Summit Partners. The company will use the new round of funding for expanding its presence internationally.

erp, financial

Koch Industries has acquired a $2.5 billion minority stake in enterprise software applications company Infor in a transaction valuing the company at more than $10 billion. The transaction will provide Koch with an expanded digital presence. Infor has reported last fiscal year revenues for the period ended April 30th of $700 million.

financial

Accounts payable and procurement platform Procurify has raised $5.2 million in Series A funding led by Runa Capital with participation from Point Nine Capital, Nexus Venture Partners, and BDBC. The company will use the new round of funding for scaling operations.

financial, crm

China-based Souche.com, a developer of SaaS-based solutions for used car dealerships, has raised $100 million in a round of funding from Ant Financial and Ucar. The company will use the new round of funding for expanding its geographic presence.

financial

Womply, a developer of front office software for SMBs, has raised $30 million in a round of funding from Sageview Capital. The company will use the new round of funding for expanding its engineering division.

healthcare

Hospital analytics platform analyticsMD has raised $13 million in a round of funding from Norwest Venture Partners, Mayfield Fund, and Y Combinator. The company will use the new round of funding for expanding headcount.

hr

Career coaching platform BetterUp has raised $12.9 million in Series A funding led by DFJ with participation from SV Angel. The company will use the new round of funding for platform development initiatives.

hr

Recruitment software developer Tenstreet has raised an undisclosed amount of funding from Spectrum Equity. The company will use the new round of funding for expanding its geographic presence within the US.

infrastructure

Data infrastructure solutions company DataScale has been acquired by database software developer DataStax. The acquisition will provide DataStax with strengthened managed cloud offerings. Terms of the deal were not disclosed.

security

Cybersecurity startup Invincea has raised $10 million in a round of funding led by ORIX Growth Capital with participation from Comerica Bank, Dell Ventures, New Atlantic Ventures, and Harbert Ventures. The company will use the funding for product development efforts.

software development tools

Continuous testing platform SeaLights has raised $11 million in a round of funding led by TLV Partners with participation from Blumberg Capital. The company will use the new round of funding for research and development initiatives.

virtualization, cloud computing

Virtualization performance management company Xangati has been acquired by infrastructure performance solutions developer Virtual Instruments. The acquisition provides Virtual Instruments with strengthened IT infrastructure performance analytics capabilities. 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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