Daily Deal Activity 03/22/17

Digital Media/Commerce

digital marketplace

India-based freight transportation and booking marketplace BlackBuck has raised $70 million in Series C funding led by Sands Capital with participation from IFC, Accel Partners, and Flipkart. The company will use the new round of funding for expanding its geographic presence.

ecommerce

India-based eCommerce company Flipkart has raised $1 billion at a reported valuation of $10 billion from Microsoft, EBay, and Tencent. The valuation is a decline from the $15.5 billion valuation received after its July 2015 round of funding. Flipkart is reportedly looking to raise as much as $1 billion more over the next few months.

ecommerce

Last minute hotel bookings app HotelTonight has raised $37 million in Series E funding led by Accel Partners with participation from RSC Capital, Founder’s Circle, Aspect Ventures, Battery Ventures, First Round Capital, and GGV Capital. The company will use the new round of funding for expanding headcount.

ecommerce

On-demand beauty services company MyGlamm has raised $5.3 million in a round of funding led by L’Occitane with participation from Tano Capital and Brand Capital. The company will use the new round of funding for expanding its service offerings.

ecommerce

China-based women’s clothing rental platform YCloset has raised $20 million in a round of funding led by Pan-Lin Asset Management with participation from IDG Capital, Zhen Fund, and GSR Ventures. The company will use the new round of funding for expanding for expanding its luxury brands network.

niche content

Children’s media brand Pocketwatch has raised $6 million in Series A funding led by Third Wave Digital with participation from United Talent Agency and Downey Ventures. The company will use the new round of funding for expanding its partner network.

marketing Technology

content management

Cloud video commerce technologies developer TVPage has raised $3 million in a round of funding from private investors. The company will use the new round of funding for expanding operations and headcount.

market research

India-based industry research and consulting services company MarketsAndMarkets has received $56 million in financing from FTV Capital and Zodius Capital. The company will use the new round of funding for expanding its presence internationally.

sfa/lead management

Sales networking platform Lynkos has raised $2.5 million in a round of funding from IC Ventures and Logitech Investments. The company will use the new round of funding for expanding its marketing division.

teleservices/eservices

Live chat and in-app messaging platform HipMob has been acquired by social customer care platform Conversocial. The acquisition will provide Conversocial with expanded web-based chat channels and in-app messaging capabilities. Terms of the deal were not disclosed.

agency & marketing services

loyalty/retention

Loyalty marketing and technology solutions provider Excentus will acquire loyalty marketing and promotions company Exclusive Connections. The acquisition will provides Excentus with an expanded presence in the convenience retail sector. Terms of the deal were not disclosed.

traditional media

consumer magazine publishing

Czech Republic-based book publisher Euromedia Group has been acquired by private equity firm Rockaway Capital. The acquisition will provide Euromedia with the resources for expanding its digital content offerings. Terms of the deal were not disclosed.

consumer magazine publishing

Integrated marketing and content company Davler Media Group has acquired LGBQT publication Metrosource. The acquisition coincides with Davler’s launch of luxury design and lifestyle title Exuberance. Terms of the deal were not disclosed.

Software

cloud computing

Local artificial intelligence platform Mythic has raised $9 million in a round of funding from Lux Capital, Data Collective, and AME Cloud Ventures. The company will use the new round of funding for expanding its engineering division.

collaboration

China-based video conferencing company Xiaoyu Link has raised $18 million in a round of funding from Zhen Fund, Sinovation Ventures, Chengwei Capital, and Lightspeed Venture Partners. The company will use the new round of funding for sales and marketing efforts.

financial

Switzerland-based banking software and services company Avaloq has received $300 million in funding at a reported valuation of more than $850 million from Warburg Pincus. The company will use the new round of funding for prepping for an IPO.

healthcare

China-based telehealth solutions company Haoeyou has raised $40 million at a reported valuation of $200 million from Hakim Unique Internet. The company will use the new round of funding for expanding its US-based doctors network.

hr

Summit Partners has completed a majority recapitalization of human capital management and payroll solutions developer Ascentis Corporation. The transaction will provide the company with the resources for product development efforts.

hr

Fleet telematics and mobile workforce company Fleet Complete has acquired hours-of-service and regulatory compliance solutions company BigRoad. The acquisition provides Fleet Complete with an strengthened electronic logging device compliance platform. Terms of the deal were not disclosed.

legal

Legal research technology company Casetext has raised $12 million in Series B funding led by Canvas Ventures with participation from Union Square Ventures, 8VC, and Red Sea Ventures. The company will use the new round of funding for hiring talent.

security

Enterprise cybersecurity solutions developer Comm Solutions has been acquired by Optiv Security. The acquisition will provide Optiv with an expanded presence within North America. Terms of the deal were not disclosed.

security

Website security products and services provider Sucuri has been acquired by GoDaddy (NYSE:GDDY). The acquisition will provide GoDaddy with expanded digital security capabilities. Terms of the deal were not disclosed.

business services

it consulting

Microsoft SharePoint consulting services provider SharePointXperts has acquired competitor Bamboo Solutions and rebranded as Bamboo SPX Services. The acquisition provides the company with an expanded geographic presence. Terms of the deal were not disclosed.

training

Providence Equity Partners will sell online scuba certification and training services provider PADI to a group of wealthy families and endowments for a reported $700 million. Financial information was 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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