Daily Deal Activity 02/16/17

Digital Media/Commerce

digital marketplace

UK-based online car buying platform Hellocar has raised $1.2 million in a round of funding from JamJar Investments and private investors. The company will use the new round of funding for expanding headcount and operations.

digital marketplace

Sneaker marketplace StockX has raised $6 million in a round of funding from SV Angel, Detroit Venture Partners, and private investors. The company will use the new round of funding for expanding operations.

digital marketplace

India-based used car marketplace Truebil has raised $3 million in a round of funding from Shunwei Capital. The company will use the new round of funding for expanding its geographic presence internationally.

digital marketplace

Online shipping marketplace uShip has raised $25 million in series D funding from DB Schenker. The company will use the new round of funding for building out its logistics software platform for SMB’s and LTL freight.

ecommerce

Fashion and beauty eCommerce company E-volve Service will be acquired by Italy-based television broadcaster Giglio Group for $5.7 million. The acquisition will provide Giglio with an expanded digital platform. Financial information was not disclosed.

ecommerce

Video game publishing and distribution eCommerce platform Xsolla has raised $30 million in a round of funding from private investors. The company will use the new round of funding for expanding its presence internationally.

mobile content/apps

Ghostery has sold its consumer browser extension and mobile apps division to Germany-based web browser developer Cliqz. The acquisition will be complementary to Cliqz’s desktop browser offering. Terms of the deal were not disclosed.

mobile content/apps

UK-based driving instructor marketplace and app MiDrive has raised $2.5 million in a round of funding from Initial Capital. The company will use the new round of funding for expanding its network of driving instructors.

niche content

Online social scene website CultureMap has been acquired by sports radio broadcaster Gow Media. The acquisition will provide Gow Media with an expanded digital platform. Terms of the deal were not disclosed.

marketing technology

search & discovery

Photograph and social data identification technology developer Mylestone has raised $2.5 million in a round of funding led by True Ventures with participation from Founders Collective and Converge Ventures. The company will use the new round of funding for expanding its engineering division.

agency & Marketing Services

digital agency, it consulting

Cap Gemini has acquired digital strategy and design consultancy Idean and insurance IT services firm TCube Solutions. The acquisition of Idean will strengthen Cap Gemini’s digital capabilities within North America. Terms of the deals were not disclosed.

general agency, digital agency

Goldman Sachs will invest $95 million in exchange for a 15 percent stake in advertising firm MDC Partners. The company will use the investment proceeds for paying down existing debt. As of September 30th 2016, MDC Partners reported total liabilities of $2.1 billion and total assets of $1.6 billion.

marketing consulting

Marketing and point of sale services company Mad Marketing Lab & Advertising has been acquired by TCG Capital. The acquisition will provide Mad Marketing with the resources for expanding its presence internationally. Terms of the deal were not disclosed.

traditional media

entertainment media

Universal Studios Company has acquired a minority stake in film production studio Amblin Partners. The transaction will see Universal provide Amblin with the resources for marketing and distributing new films. Terms of the deal were not disclosed.

Software

cloud computing

Blackstone has acquired a majority stake in cloud computing company Cloudreach. The acquisition will provide Cloudreach with the resources for pursuing potential strategic acquisition opportunities. Terms of the deal were not disclosed.

collaboration

Education communication software developer Brightwheel has raised $10 million in Series A funding led by GGV Capital with participation from Iconiq Capital, Eniac Ventures, Golden Venture Partners, Lowercase Capital, and RRE Ventures. The company will use the new round of funding for expanding headcount.

data management

Data access platform developer Immuta has raised $8 million in Series A funding led by Drive Capital with participation from Greycroft Partners and Conversion Capital. The company will use the new round of funding for expanding operations.

engineering

Industrial Internet of Things solutions company AMI Global has received a growth equity investment from Cimbria Capital. The company will use the investment proceeds for expanding its presence internationally. Terms of the deal were not disclosed.

financial

Denmark-based expense report automation company Pleo has raised $3.3 million in a round of funding led by Creandum with participation from Founders.VC. The company will use the new round of funding for expanding its engineering division.

financial

Germany-based SaaS-based banking platform SolarisBank has raised $32 million in a round of funding from Index Ventures. The company will use the new round of funding for expanding marketing and sales initiatives.

security

Japan-based Internet of Things cybersecurity startup Trillium has raised an undisclosed amount of funding from Global Brain, Mizuho Capital, and DBJ Capital. The company will use the new round of funding for expanding its presence within the US.

software development tools

Financial desktop applications operating layer OpenFin has raised $15 million in Series B funding from Bain Capital Ventures, DRW Venture Capital, J.P. Morgan, NEX Group, Nyca Partners, and Pivot Investment Partners. The company will use the new round of funding for expanding operations.

virtualization

Cloud native communications company Metaswitch has acquired mobile service enablement and virtualized networks provider OpenCloud. The acquisition provides Metaswitch with an expanded customer base. Terms of the deal were not disclosed.

information

product/price information

Flight information company OAG has been acquired by Vitruvian Partners from Epiris-backed AXIO Group in a transaction valuing the company at a reported $215 million. The acquisition will provide OAG with the resources for expanding its geographic presence. Financial information was not disclosed.

business services

it consulting

Queue management startup Sminq has acquired CodePandora, a provider of user experience software development services. The acquisition provides Sminq with an expanded software platform. 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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