Daily Deal Activity 01/03/17

Digital Media/Commerce

digital marketplace

India-based lender marketplace Indifi Technologies has raised $10 million in Series B funding led by Omidyar Network with participation from Accel Partners and Elevar Equity. The company will use the new round of funding for expanding offerings for the eCommerce, retail, and hotel sectors.

ecommerce

Sweden-based eCommerce company NA-KD has raised $14.6 million in a round of funding led by Northzone with participation from eEquity. The company will use the new round of funding for expanding customer service initiatives.

ecommerce

Catalog retail services provider and eCommerce website SharperImage.com has been acquired by consumer products company ThreeSixty Group from Iconix Brand Group (Nasdaq:ICON) for $100 million. Financial information was not disclosed.

mobile content/apps

Educational app developer Tinybop has raised an undisclosed amount of funding from Sandbox Partners. The company will use the new round of funding for expanding its presence internationally while building out its current offering.

mobile content/apps, ecommerce

Mobile laundry app Washlava has raised $3.7 million in a round of funding from undisclosed investors. The company will use the new round of funding for building out its user base while expanding operations geographically.

social media/apps

China-based social video live streaming platform Chushou TV has raised $58 million in a round of funding led by GGV Capital and Shunwei Capital with participation from Qiming Venture Partners and Feidian Capital. The company will use the new round of funding for expanding its live video hosts network.

digital advertising

online lead generation, comparison shopping

Canada-based credit card comparison website Greedyrate.ca has been acquired by XLMedia for $9.3 million in cash. The acquisition is expected to be earnings enhancing and will provide XLMedia with an expanded presence within North America. Financial information was not disclosed.

agency & Marketing Services

digital agency

WPP-owned Wunderman has acquired a majority stake in Brazil-based digital marketing firm PMweb Comunicação. The acquisition will provide Wunderman with an expanded presence within South America. Terms of the deal were not disclosed.

Software

big data

Artificial intelligence research and development company Artificial Intelligence Corp. has raised $11.2 million in Series A funding from undisclosed investors. The company will use the new round of funding for expanding operations.

big data

Artificial intelligence solutions developer NovuMind has raised $15.2 million in Series A funding from CBC Capital and Zhenfund. The company will use the new round of funding for expanding operations and headcount.

data management

Summit Partners will acquired certain document storage software assets from Iron Mountain (NYSE:IRM) for $50 million. The acquisition will see the assets operate under the name Arkive. Financial information was not disclosed.

financial

UK-based mobile banking service Monese has raised $10 million in a round of funding from Anthemis Exponential Ventures, Korea Investment Partners, and STE Capital. The company will use the new round of funding for expanding its presence within Europe.

hr

Human capital management and digital workplace software developer Asure Software has acquired human capital management solutions providers Payroll Specialties Northwest, CPI-HR, and Personnel Management Systems. The acquisition will provide Asure with complementary HCM offerings. Terms of the deal were not disclosed.

infrastructure

IT management software solutions developer Landesk has been acquired by Clearlake Capital Group from Thoma Bravo. The acquisition will see Landesk integrated into Clearlake’s portfolio company Heat Software. Terms of the deal were not disclosed.

business services

it consulting

Data analytics and cyber security consulting services provider Enlighten IT Consulting has been acquired by MacAulay-Brown. The acquisition provides MacAulay-Brown with expanded offerings for federal agencies. Terms of the deal were not disclosed.

logistics

China-based logistics company Tiantian Express has been acquired by China-based retailer Suning Commerce Group for a reported $612 million. The acquisition provides Suning with expanded delivery capabilities. Financial information was 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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