Daily Deal Activity 03/03/07

Digital Media/Commerce

digital marketplace

UK-based tenant marketplace OpenRent has raised $5.4 million in a round of funding from Global Founders Capital. The company will use the new round of funding for expanding operations and product development efforts.

ecommerce

China-based on-demand laundry service 24Tidy.com has raised $21 million in Series C funding from China Merchants Venture Capital Management, Goldstone Investment, and ICH Group. The company will use the new round of funding for expanding its presence geographically.

ecommerce

Online shopping and payments platform Paytm E-Commerce has raised $200 million in a round of funding led by Alibaba with participation from SAIF Partners. The company will use the new round of funding for expanding its online business.

ecommerce

China-based ride hailing startup UCAR has raised $670 million in a round of funding from AXA Investment Managers and UnionPay. The company will use the new round of funding for expanding its offline presence.

digital advertising

mobile marketing

Headway, a provider of mobile, programmatic, and performance digital marketing solutions, has been acquired by Entravision Communications (NYSE:EVC). The acquisition coincides with Entravision’s digital expansion strategy. Terms of the deal were not disclosed.

vertical search

The Netherlands-based vertical search company Kleding has been acquired by Mitula Group for $11.2 million. The acquisition provides Mitula with an expanded international presence. Kleding has reported LTM revenues for the period ended December 31 2016 of $3.2 million and LTM EBITDA of $0.4 million, representing an LTM revenue multiple of 3.5x and an LTM EBITDA multiple of 26.6x.

marketing technology

analytics & Targeting

UK-based WhenFresh, a developer of predictive customer analytics solutions, has raised $3.7 million in a round of funding from CLS Group. The company will use the new round of funding for expanding operations.

marketing data

Data-driven digital and direct marketing solutions company Audience Partners has been acquired by Altice. The acquisition will provide Altice with expanded digital capabilities. Terms of the deal were not disclosed.

product/price software

SPOSEA, a developer of price optimization solutions for the SAP software market, has acquired geo-targeting price optimization company Darwinpricing. The acquisition provides SPOSEA with expanded price intelligence capabilities. Terms of the deal were not disclosed.

agency & Marketing services

digital agency

Mobile marketing agency ComboApp has been acquired by IT consulting and software development services provider Digi117. The acquisition provides Digi117 with an expanded mobile practice. Terms of the deal were not disclosed.

specialty agency

Video game localization, production, and marketing company Exequo has been acquired by Lionbridge Technologies. The acquisition will see Exequo integrated into Lionsbridge’s Game Services division. Terms of the deal were not disclosed.

Software

collaboration

Music composition software developer Amper has raised $4 million in a round of funding led by Two Sigma Ventures with participation from Foundry Group, Kiwi Venture Partners, Advancit Capital, and Brooklyn Bridge Ventures. The company will use the new round of funding for expanding its user base.

engineering

Construction site reporting software Raken has raised $2 million in a round of funding led by Rincon Venture Partners with participation from Eniac Ventures and Spider Capital. The company will use the new round of funding for product development.

financial

SaaS-based appointment booking software developer Booksy has raised $4.2 million in a round of funding from OpenOcean and private investors. The company will use the new round of funding for building out its in-app payments offering.

financial

Automated financial aid management solutions Regent Education has raised $8.5 million in a round of funding from Ares Capital Corporation, Chrysalis Ventures, and New Market Venture Partners. The company will use the new round of funding for product development efforts.

hr

UK-based human resources management software developer Fairsail has been acquired by Sage Group. The acquisition will provide Fairsail with the resources for building out its payroll offering. Terms of the deal were not disclosed.

security

Behavioral security technology company LightCyber has been acquired by Palo Alto Networks (NYSE:PANW) for $105 million in cash. LightCyber has reported LTM revenues for the period ended December 31 2016 of $10 million, representing an LTM revenue multiple of 10.5x.

software development, big data

Internet of Things development platform C3 IoT has raised an undisclosed amount of Series E funding at a reported pre-money valuation of $1.4 billion led by Breyer Capital with participation from TPG, Sutter Hill, and Wildcat Venture Partners. The company will use the new round of funding for expanding its presence internationally.

information

financial information

UK-based bond information network Algomi has raised $10 million in a round of funding from Euronext. The company will use the new round of funding for platform development initiatives and expanding its presence internationally.

product/price information

RISI, a provider of price information and data for the global forest products industry, has been acquired by Euromoney Institutional Investor from AXIO Group for a reported $125 million. Financial information was not disclosed.

business services

hr consulting

General Atlantic has acquired a minority stake in background screening and hiring services company General Information Services. The company will use the investment proceeds for expanding its 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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