Daily Deal Activity 02/15/17

Digital Media/Commerce

ecommerce

Germany-based men’s fashion eCommerce company Curated Shopping Group has raised $6.4 million in a round of funding from Auden. The company will use the new round of funding for expanding headcount.

ecommerce

On-demand car care company Get Spiffy has raised $5 million in Series A funding led by Bull City Venture Partners with participation from IDEA Fund Partners and Industry Ventures. The company will use the new round of funding for expanding operations.

ecommerce

Lunch subscription service MealPal has raised $15 million in Series A funding led by Comcast Ventures with participation from Bessemer Venture Partners, Haystack Partners, and NextView Ventures. The company will use the new round of funding for expanding its presence within the UK.

niche content

Fan-driven sports media platform Minute Media has raised $15 million in a round of funding led by Qumra Capital with participation from Battery Ventures, Dawn Capital, and ProSieben. The company will use the new round of funding for expanding its geographic presence.

niche content

Ireland-based sports data company Orreco has raised $2 million in a round of funding led by True Ventures with participation from Teneo Holdings. The company will use the new round of funding for expanding headcount.

niche content

Top Hat, provider of a classroom engagement content platform, has raised $22.5 million in Series C funding from Union Square Ventures with participation from Emergence Capital, Georgian Partners, iNovia Capital, Golden Venture Partners, Version One Ventures, and SoftTech VC. The company will use the new round of funding for expanding headcount.

social media/apps

UK-based startup knowledge sharing community SmartUp has raised $5.5 million in Series A funding from Notion Capital and Hong Leong Group. The company will use the new round of funding for expanding operations.

digital advertising

mobile marketing, ad network/exchanges

Mobile ad network AdTheorent has received an undisclosed amount of funding from H.I.G. Growth Partners. The company will use the new round of funding for expanding operations and product development initiatives.

marketing technology

analytics & targeting

Customer recommendation solutions platform Rokt has raised $15 million in Series B funding led by Moelis & Company with participation from Time Inc. and Square Peg Capital. The company will use the new round of funding for product development efforts.

commerce management, digital promotion/coupon

UK-based mobile commerce and promotions platform Upstream has raised $26.5 million in a round of funding from The European Investment Bank. The company will use the new round of funding for expanding its presence internationally.

social technology

News tracking technology company NewsWhip Media has raised $6.4 million in a round of funding led by The Associated Press and Japan-based newspaper Asahi Shimbun with participation from Tribal Ventures and Social Starts. The company will use the new round of funding for product development.

agency & Marketing Services

ad specialty/premium

Promotional products company Xposure Marketing has been acquired by Shippam & Associates. The acquisition will provide Shippam & Associates with an expanded geographic presence. Terms of the deal were not disclosed.

digital agency

Digital strategy and design company Sourcebits has been acquired by IT services company Ascendum Solutions. The acquisition will provide Ascendum with an expanded geographic presence. Terms of the deal were not disclosed.

experiential marketing

Destination management services company AlliedPRA has acquired destination marketing services provider Destination Services Corporation. The acquisition provides AlliedPRA with an expanded client base. Terms of the deal were not disclosed.

general agency, marketing consulting

UK-based brand consultancy services provider Vodrum has been acquired by The Marketing Group in a transaction valuing the company at $15.3 million. Vodrum has reported LTM EBITDA for the period ended August 22nd of $0.9 million, representing an LTM EBITDA multiple of 17.3x.

Software

collaboration

Euronext will acquire a majority stake in The Netherlands-based webcast and webinar services provider Company Webcast. The acquisition will be complementary to Euronext’s Corporate Services offering. Terms of the deal were not disclosed.

collaboration

Call analytics and collaboration solutions company Iovox has raised $10 million in Series A funding from Octopus Ventures, SF Capital, and Silicon Valley Bank. The company will use the new round of funding for expanding its presence within the US.

collaboration

Wealth management platform AdvisorEngine has acquired adviser-client collaboration tools developer Wealthminder. The acquisition will provide AdvisorEngine with an expanded digital prospecting tool offering. Terms of the deal were not disclosed.

credit/risk

Property and casualty insurance software solutions company StoneRiver has been acquired by insurance industry software developer Sapiens for $102 million. The acquisition provides Sapiens with an expanded international presence. Financial information was not disclosed.

financial

Australia-based Rubik Financial, a developer of software solutions for the financial services industry, has been acquired by Temenos in a transaction valuing the company at $54.9 million. Rubik has reported LTM revenues for the period ended June 30th 2016 of $32.2 million, representing an LTM revenue multiple of 1.7x.

healthcare

Singapore-based patient data and programs startup mClinica has raised $6.3 million in Series A funding led by Unitus Impact with participation from Global Innovation Fund, MDI Ventures, and Endeavor Catalyst. The company will use the new round of funding for expanding its presence internationally.

hr

Japan-based Payroll and Time & Attendance services company WorkCloud has been acquired by healthcare data management solutions provider Ascender. The acquisition provides Ascender with an expanded presence in the payroll services market. Terms of the deal were not disclosed.

legal

Legal case management software provider TrialWorks has been acquired by Ridge Road Capital Partners. The acquisition will provide TrialWorks with the resources for sales and marketing initiatives. Terms of the deal were not disclosed.

information

financial information

Moody’s Corporation has acquired the Structured Finance Data and Analytics business of Germany-based securitization markets analytics firm SCDM. The acquisition provides Moody’s Corporation with an expanded reporting solutions offering. Terms of the deal were not disclosed.

business services

hr consulting

Third-party benefits company Zenith American Solutions has acquired employee benefits company Pacific Federal. The acquisition will provide Zenith 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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