Daily Deal Activity 03/01/17

Digital Media/Commerce

ecommerce

China-based bike sharing company Bluegogo has raised $58 million at a reported post-money valuation of $140 million in a round of funding from Black Hole Capital. The company will use the new round of funding for expanding its geographic presence.

ecommerce

China-based rural community’s eCommerce platform Maihuolang has raised $150 million in Series A funding from Shenzhen New Industry Ventures and Qianhai Great Wall Fund. The company will use the new round of funding for expanding operations.

gaming

Mobile and social games developer Growtopia has been acquired by gaming company Ubisoft. The acquisition will provide Growtopia with an expanded international player base. Terms of the deal were not disclosed.

mobile content/apps

Restaurant reservation waitlist app Nowait has been acquired by Yelp for $40 million in cash. The acquisition will see Nowait’s waitlist system and seating tools integrated into Yelp’s Eat24 mobile app. Financial information was not disclosed.

marketing technology

bi tools

Enterprise analytics platform Incorta has raised $10 million in a round of funding led by GV with participation from private investors. The company will use the new round of funding for sales and marketing efforts.

email/messaging software

Personalized mobile messaging solutions developer Pypestream has raised $15 million in a round of funding from private investors. The company will use the new round of funding platform development initiatives.

social technology

SaaS-based reputation management company Buzzcapture has been acquired by Main Capital-backed OBI4wan. The acquisition will provide OBI4wan with expanded social media management capabilities. Terms of the deal were not disclosed.

agency & Marketing services

design agency, retail services

Retail and CPG brands design agency Equator has been acquired by Matthews International Corporation (Nasdaq:MATW). The acquisition will see Equator integrated into SGK Brand Solutions. Terms of the deal were not disclosed.

traditional media

consumer magazine publishing

Hour Media has acquired the publishing assets of  magazine publishing company Emmis Communications. The acquisition provides Hour Media with an expanded geographic presence for its publishing operations. Terms of the deal were not disclosed.

consumer magazine publishing, niche content

Sinclair Broadcast Group has acquired Tennis Media Company, the owner of Tennis.com and Tennis Magazine, for $8 million with up to an additional $6 million in earn-out potential. The acquisition will see Tennis Media integrated into Sinclair’s Tennis Channel operations. Financial information was not disclosed.

entertainment media

ITV will acquire a majority stake in France-based production company Tetra Media Studio. The acquisition will provide ITV with expanded local production operations. Terms of the deal were not disclosed.

Software

erp

Live carrier and transportation management solutions provider Banyan Technology has raised $7 million in a round of funding from JumpStart and River SaaS Capital. The company will use the new round of funding for product development efforts.

financial, cloud computing

Natural language search and financial industry cloud computing tools company Kensho has raised $50 million at a reported valuation of $500 million in Series B funding from S&P Global. The company will use the new round of funding for product development.

healthcare

Telemedicine company First Stop Health has raised $1.6 million in a round of funding from private investors. The company will use the new round of funding for product development and expanding sales initiatives.

healthcare

Disease screening technology and health solutions company Freenome has raised $65 million in Series A funding led by Andreessen Horowitz with participation from Data Collective, Founders Fund, GV, Polaris Partners, Innovation Endeavors, Asset Management Ventures, Charles River Ventures, and Spectrum 28. The company will use the new round of funding for research and development efforts.

healthcare

Medication management platform MediSafe has raised $14.5 million in Series B funding led by Octopus Ventures with participation from M Ventures, Pitango Venture Capital, 7wire Ventures, lool Ventures, and Qualcomm Ventures. The company will use the new round of funding for expanding its engineering division.

hr

SaaS-based human resources metrics company Talmetrix has received an equity investment from Jumpstart. The company will use the investment proceeds for expanding operations. Terms of the deal were not disclosed.

hr

Hourly workers management platform WorkJam has raised $12 million in a round of funding from Lerer Hippeau Ventures, Blumberg Capital, Founder Collective, and NovelTMT. The company will use the new round of funding for building out its mobile capabilities.

security

Cybersecurity solutions company ZoneFox has raised $4.4 million in a round of funding from Archangels with participation from The Scottish Investment Bank. The company will use the new round of funding for expanding headcount.

business services

bpo

Mortgage document retrieval services company Orion Financial Group has been acquired by business process outsourcing services company MetaSource. The acquisition provides MetaSource with complementary offerings for the real estate vertical. Terms of the deal were not disclosed.

logistics

India-based logistics startup Blackbuck has raised $30 million in Series V funding from Capital Sands and International Financial Corp. The company will use the new round of funding for expanding its geographic presence.

printing services, fulfillment

Digital printing and fulfillment solutions company Elk Grove Graphics has been acquired by The Vomela Companies. The acquisition will see Elk Grove integrated into C2 Imaging. Terms of the deal were not disclosed.

printing services

Japan-based book and magazine electronic publishing services company Pubridge has been acquired by Media Do in a transaction valuing the company at $100 million. Pubridge has reported LTM revenue for the period ended March 31 2016 of $130.3 million, representing an LTM revenue multiple of 0.8x.

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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