Daily Deal Activity 02/28/17

Digital Media/Commerce

digital marketplace

Italy-based professional services marketplace Fazland.com has raised $4.8 million in a round of funding led by RedSeed Ventures with participation from Ad4Ventures. The company will use the new round of funding for expanding operations.

ecommerce

Blue Point Capital Partners-backed Premier Needle Arts has acquired sewing and hobbyist products company Crafts Americana Group. The acquisition will provide PNA with expanded product categories. Terms of the deal were not disclosed.

ecommerce

Music publication eCommerce site Sheet Music Plus has been acquired by music publisher Hal Leonard Corporation. The acquisition provides Hal Leonard with an expanded digital platform. Terms of the deal were not disclosed.

mobile content/apps

Article saving mobile app developer Read It Later has been acquired by Mozilla. The acquisition will see Read It Later’s Pocket app operate as a systems add-on product for Mozilla’s Firefox web browser. Terms of the deal were not disclosed.

mobile content/apps, market research

UK-based mobile survey app developer SurveyMe has raised $2.5 million in a round of funding from Deepbridge Capital. The company will use the new round of funding for expanding its presence within the US.

niche content

Motivational content startup Motimatic has raised $3.4 million in Series A funding led by University Ventures and New Markets Venture Partners with participation from GSV. The company will use the new round of funding for expanding headcount.

social media/apps

ResearchGate, operator of a professional network for the scientific community, has raised $52.6 million in Series D funding from Wellcome Trust, Goldman Sachs Investment Partners, and Four Rivers Group. The company will use the round of funding for developing new platform functionality.

marketing technology

market research

Mystery shopping and customer experience measurement services company Bestmark has been acquired by Generation Growth Capital. The acquisition will provide Bestmark with the resources for expanding its geographic presence. Terms of the deal were not disclosed.

product/price software

BuyBay, a developer of returned products solutions for retail and eCommerce companies, has received an undisclosed investment from Fortino Capital. The company will use the investment proceeds for expanding its presence internationally.

product/price software

Analytics and inventory optimization platform Celect has raised $10 million in Series B funding led by Activant Capital with participation from Fung Capital and August Capital. The company will use the new round of funding for product development efforts.

web to print, analytics & targeting

Programmatic direct mail platform provider PebblePost has raised $15 million in Series B funding led by RRE Ventures with participation from Greycroft Partners and Tribeca Venture Partners. The company will use the new round of funding for expanding into the B-to-B sector.

traditional media

consumer book publishing

Textbooks distributor MBS Textbook Exchange will be acquired by Barnes & Noble in a transaction valued at $174.2 million. MBS has reported LTM revenues for the period ended August 31 2016 of $500 million and LTM EBITDA of $54.7 million, representing an LTM revenue multiple of 0.3x and an LTM EBITDA multiple of 3.2x.

Software

cloud computing

Internet of Things network integrity solutions company Flo Live has raised $4.2 million in series A funding from Arie Capital and Golden Sunflower Capital. The company will use the new round of funding for expanding its sales division.

cloud computing

SaaS-based Internet of Things connection platform Lumavate has raised $2 million in a round of funding from Elevate Ventures, Allos Ventures, 4G Ventures, and Collina Ventures. The company will use the new round of funding for sales and marketing efforts.

credit/risk

CCC Information Services, a provider of SaaS-based solutions for the automotive, insurance, and collision repair industries, has been acquired by Advent International from Leonard Green Partners and Texas Pacific Group. The acquisition will provide CCC with the resources for product development initiatives. Terms of the deal were not disclosed.

credit/risk

India-based regulatory reporting solutions and data management platform Fintellix and UK-based insurance claims efficiency and fraud detection solutions company Emergent Network will be acquired by Verisk Analytics (Nasdaq:VRSK). The acquisition will see Fintellix integrated into Verisk Analytics’ Argus division. Terms of the deals were not disclosed.

erp

SaaS-based route optimization company Mapotempo will be acquired by Octime-Spec Group. The acquisition will provide Mapotempo with the resources for expanding its mobile capabilities. Terms of the deal were not disclosed.

financial, collaboration

Accel-KKR-backed Banker’s Toolbox has acquired customer due diligence and OFAC scanning solutions provider Integra Systems. The acquisition will see Integra integrated into Banker’s Toolbox’s existing product suite. Terms of the deal were not disclosed.

financial, mobile technology

France-based restaurant point-of-sale solutions startup L’Addition has raised $5.3 million in a round of funding from Galia Gestion and CIC Capital. The company will use the new round of funding for expanding headcount.

healthcare

Patient rehab analytics programs developer Moving Analytics has raised an undisclosed amount of funding from OCA Ventures. The company will use the new round of funding for expanding sales and marketing efforts.

healthcare

Genome engineering software company Muse bio has raised $23 million in Series B funding led by Venrock with participation from Foresite Capital and Paladin Capital. The company will use the new round of funding for product development.

healthcare

Healthcare automation intelligence company Overl.ai has been acquired by TruClinic. The acquisition will provide TruClinic with an expanded telehealth and patient experience offering. Terms of the deal were not disclosed.

hr

Predictive hiring platform Belong has raised $10 million in Series B funding led by Sequoia Capital with participation from Matrix Partners. The company will use the new round of funding for expanding operations.

security

Entity behavior analytics security platform Fortscale has raised $7 million in a round of funding led by Evolution Equity Partners and Valor Capital Group with participation from Intel Capital, Blumberg Capital, and CME Ventures. The company will use the new round of funding for expanding its international presence.

security

Internet of Things platform provider relayr has acquired artificial intelligence data security company Neokami. The acquisition will provide relayr with expanded machine learning and security capabilities. Terms of the deal were not disclosed.

security

Cybersecurity startup OneVisage has raised an undisclosed amount of funding from Polytech Ecosystem Ventures. The company will use the new round of funding for sales and research and development initiatives.

business services

it consulting

Software engineering and design company Infusion will be acquired by Accenture-owned business applications developer Avanade. The acquisition will complementary to Avanade’s existing digital transformation services offering. 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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