Daily Deal Activity 03/07/17

Digital Media/Commerce

digital marketplace

France-based short-term job matching platform Brigad has raised $2.3 million in a round of funding from Square Capital and private investors. The company will use the new round of funding for expanding its presence within France.

digital marketplace

Short-term workspace marketplace Peerspace has raised $11 million in a round of funding from Foundation Capital, Mitsui Fudosan, Carthona Capital, and Red Bridge Partners. The company will use the new round of funding for expanding operations.

ecommerce

Contact lenses eCommerce startup Hubble has raised $16.5 million in a round of funding led by FirstMark Capital with participation from Greycroft Partners and Wildcat Capital Management. The company will use the new round of funding for expanding operations.

ecommerce

Malaysia-based subscription video firm iflix has raised $90 million in a round of funding from Liberty Global, Zain, Sky, Catcha Group, and EMC. The company will use the new round of funding for expanding its geographic presence.

mobile content/apps

Audio recording app developer Anchor FM has raised $2.8 million in a round of funding led by Accel Partners with participation from Omidyar Network and Chernin Group. The company will use the new round of funding for product development.

mobile content/apps

Personal finance and money management app Qapital has raised $12 million in Series A funding from Northzone, Anthemis Exponential Ventures, and Rocketship VC. The company will use the new round of funding for platform development initiatives.

social media/apps

Farmer information sharing network Farmer Business Network has raised $40 million in Series C funding led by GV and DBL Partners with participation from Kleiner Perkins Caufield & Byers, Bow Capital, and Acre Venture Partners. The company will use the new round of funding for expanding its network user base.

social media/apps

MeetMe (Nasdaq:MEET) has acquired social media networks Ifwe and Hi5 for $60 million in cash. Ifwe has reported LTM revenues for the period ended December 31 2016 of $44 million, representing a 1.4x LTM revenue multiple. MeetMe expects the acquisition to contribute $9 million in adjusted EBITDA to its earnings over the next 12 months.

social media/apps

Digital collectibles application Quidd has raised $6.8 million in a round of funding from private investors. The company will use the new round of funding for expanding operations and user base within South America.

digital advertising

digital promotion/coupon

Australia-based restaurant dining cashback app Liven has raised $10 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding its geographic presence domestically.

marketing Technology

ad serving

LoopMe, a developer of mobile video ad optimization technology, has raised $10 million in a round of funding led by Harbert European Growth Capital and Impulse VC with participation from Holtzbrinck Ventures and Open Ocean Capital. The company will use the new round of funding for expanding its presence internationally.

bi tools, web to print

Gartner has acquired L2, a provider of subscription-based business intelligence solutions for digital competence. The acquisition will see L2 operate independently while Gartner prepares to close on its acquisition of CEB. Terms of the deal were not disclosed.

creative production platform

Media design and content creation solutions company Thinkbox Software has been acquired by Amazon. The acquisition will provide AWS with an expanded productivity tools offering. Terms of the deal were not disclosed.

crm

Real estate referral management and relationship platform Reach150 has been acquired by real estate predictive marketing technology company SmartZip Analytics. In parallel with the acquisition, SmartZip has received an undisclosed strategic growth equity investment from Toba Capital. Terms of the deal were not disclosed.

email/messaging software

Email marketing automation solutions developer Bizzy has been acquired by email services company SendGrid. The acquisition will be complementary to SendGrid’s Marketing Campaigns product offering. Terms of the deal were not disclosed.

agency & Marketing services

digital agency

Shiseido Americas Corporation, a consolidated subsidiary of Japan-based Shiseido Company, has acquired JWALK, a leading, full-service creative and digital design agency. The acquisition provides Shiseido with expanded creative capabilities, and coincides with the company’s VISION 2020 strategy. Terms of the deal were not disclosed. (A Petsky Prunier-led transaction)

Software

application management, security

Application security testing solutions provider Veracode will be acquired by CA Technologies for $614 million. The acquisition will provide CA with an expanded presence in the Secure DevOps market. Veracode has raised more than $134 million in funding to date. Financial information was not disclosed.

collaboration

West Corporation (Nasdaq:WSTC) will acquire the cloud collaboration practice and assets of Australia-based Vocus Group. The acquisition will provide West Corporation with an expanded presence in the Asia-Pacific region. Terms of the deal were not disclosed.

data management

Hewlett Packard Enterprise has acquired data storage solutions provider Nimble Storage (NYSE:NMBL) for $1.2 billion. The acquisition of $12.50 per Nimble Storage share represents a 45.3 percent premium over the company’s March 6th closing price. Nimble Storage has LTM reported revenues for the period ended December 31 2016 of $402 million, representing a 3.0x LTM revenue multiple.

hr, healthcare

Talent management and staffing tools developer HealthcareSource will acquire the Centricity Contingent Staffing business of GE Healthcare. The acquisition provides HealthcareSource with an expanded presence in the healthcare sector. Terms of the deal were not disclosed.

infrastructure

Data streaming platform provider Confluent has raised $50 million in a round of funding led by Sequoia Capital with participation from Benchmark and Index Ventures. The company will use the new round of funding for expanding operations.

legal

Contract reviews platform LawGeex has raised $7 million in Series A funding from Recruit Holdings, Lool Ventures, and LionBird. The company will use the new round of funding for expanding its engineering division.

security

UK-based cybersecurity company Garrison Technology has raised $14.6 million in a round of funding led by Touchstone Innovations with participation from BGF Ventures and NM Capital. The company will use the new round of funding for product development efforts.

business services

engineering consulting

Accenture has acquired utility asset management and risk management consulting services company Davies Consulting. The acquisition will see Davies Consulting integrated into Accenture’s utilities industry practice. Terms of the deal were not disclosed.

logistics

Germany-based last-mile delivery services company tiramizoo has raised an undisclosed amount of funding led by Shell Technology Ventures with participation from Daimler. The company will use the new round of funding for expanding its presence within China.

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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