Daily Deal Activity 02/24/17

Digital Media/Commerce

digital marketplace

China-based peer-to-peer car rental startup Atzuche has raised $58 million in Series C funding from China Pacific Insurance, China Equity Group, Hangzhou Financial Investment Group, Matrix Partners, Hearst Capital, and Ivy Capital. The company will use the new round of funding for expanding its presence internationally.

ecommerce

Italy-based electronics products eCommerce company Monclick has been acquired by electronics retailer Unieuro from Project Informatica for $10.6 million. The acquisition will provide Unieuro with an expanded digital presence. Financial information was not disclosed.

ecommerce

Germany-based eCommerce platforms operator Reich Online Services has been acquired by Switzerland apparel retailer Calida. The acquisition will provide Calida with an expanded digital offering. Terms of the deal were not disclosed.

ecommerce

France-based car sharing platform TravelCar has raised $15.8 million in a round of funding from PSA Group and MAIF. The company will use the new round of funding for expanding its presence internationally.

gaming

Mobile gaming company Armada Interactive has raised $7 million in a round of funding led by Korea Investment Partners with participation from Creandum, Initial Capital, Index Ventures, and PROfounders Capital. The company will use the new round of funding for expanding its presence internationally.

mobile content/apps

Mobile food discovery application developer Shopwell Labs has been acquired by food technology company Innit. The acquisition will provide Innit with expanded mobile capabilities. Terms of the deal were not disclosed.

digital advertising

digital promotion/coupon

Mexico-based venture capital firm Mountain Nazca will acquire Groupon’s Latin America-based assets Groupon LatAm. The acquisition will provide Groupon LatAm with the resources for expanding into new geographies. Terms of the deal were not disclosed.

vertical search

Rakuten subsidiary Ebates has acquired fashion discovery and search platform ShopStyle from PopSugar. The acquisition will be complementary to Ebates’ product discovery capabilities. Terms of the deal were not disclosed.

marketing technology

content management

Native ad network RevContent has acquired content discovery and recommendation technology company Rover for a reported $30 million. The acquisition will provide RevContent with strengthened capabilities for its existing personalization engine. Financial information was not disclosed.

email/messaging software

Layer, developer of a communications platform for brands, has raised $15 million in Series B funding led by Greycroft Partners with participation from Microsoft Ventures and Salesforce Ventures. The company will use the new round of funding for acquiring messenger app developer Cola. Terms of the deal were not disclosed.

sfa/lead management

Canada-based sales acceleration platform Sofdesk has raised $2.3 million in a round of funding from EnerTech Capital and BDC Venture Capital. The company will use the new round of funding for product development efforts.

social technology

SaaS-based healthcare industry reputation management platform Doctor.com has raised $5 million in Series A funding from Spring Mountain Capital. The company will use the new round of funding for platform development efforts.

agency & Marketing Services

digital agency

Sweden-based digital marketing and website design company Duplicera has been acquired by IT consultancy Cybercom. The acquisition provides Cybercom with an expanded website development practice. Terms of the deal were not disclosed.

traditional media

broadcast television

Japan-based broadcaster Wowow will acquire digital broadcasting and production services company IMAGICA TV in a transaction valuing the company at $24 million. IMAGICA has reported LTM revenues for the period ended March 31st 2016 of $51.4 million, representing an LTM revenue multiple of 0.5x.

broadcast television

Meredith Corporation will acquired broadcast television station WPCH from Time Warner for $70 million. The sale relates to Time Warner’s pending merger with AT&T as the company looks to avoid FCC scrutiny. Financial information was not disclosed.

entertainment media

China-based Recon Group has acquired a 51 percent majority stake in film production and distribution company Millennium Films for a reported $100 million. The acquisition will provide Millennium with the resources for producing new film content. Financial information was not disclosed.

Software

big data

Data aggregation technology company Outlier.ai has raised $2.2 million in a round of funding from Susa Ventures, Homebrew, and First Round Capital. The company will use the new round of funding for hiring talent.

cloud computing

China-based cloud computing solutions company CloudMinds has raised $100 million in Series A funding from undisclosed investors. The company will use the new round of funding for product development initiatives.

cloud computing

Machine learning solutions company Gamalon has raised $4.5 million in a round of funding from Felicis Ventures, Rivas Capital, and private investors. The company will use the new round of funding for research & development initiatives.

collaboration

Travel itinerary management company Travefy has acquired travel agency itinerary platform TripScope. The acquisition will provide Travefy with an expanded client collaboration offering. Terms of the deal were not disclosed.

data management

File sync and sharing solutions company Syncplicity has been acquired by France-based data governance company Axway. The acquisition will see Syncplicity integrated into Axway’s AMPLIFY platform. Terms of the deal were not disclosed.

engineering

Internet of Things pattern recognition solutions provider Falkonry has raised $5.3 million in a round of funding from Zetta Venture Partners and Polaris Partners. The company will use the new round of funding for expanding operations.

erp

Sweden-based 24 Storage, a developer of software for managing self-storage properties and customer proximity, has raised $26.4 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding its presence internationally.

financial

Germany-based SME management software developer Bexio has raised $7.4 million in a round of funding from Swisscom Ventures, RedAlpine Venture Partners, and Armada Investment. The company will use the new round of funding for expanding headcount.

financial

Ernst & Young has acquired certain Tax Technology Platform assets from mobile on-demand tax preparation company TaxChat. The acquisition will be complementary to EY’s Americas Tax Innovation Foundry division. Terms of the deal were not disclosed.

healthcare

Healthcare analytics and data visualization platform High Line Health has been acquired by workers compensation services provider One Call Care Management. The acquisition will provide One Call with expanded claims management decisioning capabilities. Terms of the deal were not disclosed.

information

credit/risk information

Germany-based credit score platform Bonify has raised $5.8 million in a round of funding led by Mosaic Ventures with participation from Ribbit Capital, Index Ventures, DN Capital, and HW Capital. The company will use the new round of funding for expanding operations.

business services

logistics

Jordan Partners has completed a recapitalization of logistics and shipping services provider Quick International Courier. The transaction will provide Quick with the resources for expanding its geographic presence. Terms of the deal were not disclosed.

management consulting

Workforce assessment platform Predictive Results has acquired management consulting firm Waterhouse Group. The acquisition will see Waterhouse integrated into Predictive Results’ PI Southeast division. 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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