Daily Deal Activity 04/07/17

Digital Media/Commerce

digital marketplace, crm

China-based used-car buying platform Souche.com has raised $180 million in a round of funding from Warburg Pincus, ClearVue Partners, Morningside Venture Capital, and CreditEase New Financial. The company will use the new round of funding for expanding its used-car dealership network.

ecommerce

France-based online beauty community and marketplace Beautyst has been acquired by online beauty retailer Feelunique. The acquisition will provide Feelunique with an expanded customer base. Terms of the deal were not disclosed.

ecommerce

Online interior design platform provider Decorist has been acquired by Bed Bath & Beyond. The acquisition will provide Bed Bath & Beyond with an expanded digital footprint. Terms of the deal were not disclosed.

ecommerce

Online luggage retailer eBags has been acquired by Samsonite for a reported $105 million. The acquisition will provide Samsonite with an expanded eCommerce business within North America. Financial information was not disclosed.

ecommerce

Ride hailing company Lyft has raised $500 million at a reported post-money valuation of $7.5 billion from undisclosed investors. The company will use the new round of funding for continuing to expand its presence geographically.

mobile content/apps

China-based news reading app Toutiao has raised $1 billion at a reported valuation of $11 billion in Series D funding from Sequoia Capital and CCB International. The company will use the new round of funding for expanding content generation initiatives.

niche content

Millennial-focused web publisher Mic has raised $21 million in Series C funding led by Lightspeed Venture Partners with participation from Time Warner, Hakuhodo, and You & Mr Jones. The company will use the new round of funding for expanding headcount.

niche content

The Netherlands-based art platform The Public House of Art has raised $1.6 million in a round of funding from Q2Q Capital. The company will use the new round of funding for expanding its presence internationally.

marketing Technology

analytics & targeting

Predictive analytics platform UpTake Technologies has raised an additional $50 million in funding from undisclosed investors, bringing its round total to $90 million. The company will use the investment proceeds for expanding operations.

commerce management

Grid Dynamics, a developer of eCommerce technology solutions for the retail industry, has been acquired by Automated Systems from Benhamou Global Ventures for $118 million. Grid Dynamics has reported LTM revenue for the period ended December 19 2016 of $39.7 million, representing an LTM revenue multiple of 3.0x.

market research

Market research software developer Remesh has raised $2.3 million in a round of funding led by LionBird Ventures with participation Reimagine Holdings. The company will use the new round of funding for product development.

agency & Marketing Services

digital agency

Digital marketing agency Prime Visibility has been acquired by online marketing services firm Wpromote from RhythmOne for $3.5 million. The acquisition will provide Wpromote with an expanded geographic presence. Financial information was not disclosed.

Software

application management

Otonomo, developer an application marketplace for connected cars, has raised $25 million in Series B funding led by Delphi Automotive with participation from Bessemer Venture Partners and StageOne Ventures. The company will use the new round of funding for expanding its presence within the US.

cloud computing

Internet of Things analytics company Konux has raised $16 million in Series A funding led by New Enterprise Associates with participation from MIG and Upbeat Ventures. The company will use the new round of funding for product development efforts.

collaboration

Classroom training and web conferencing solutions company ConnectSolutions has been acquired by AASKI Technology. The acquisition will provide AASKI with an expanded managed private cloud offering. Terms of the deal were not disclosed.

financial

UK-based digital banking startup Meniga has raised $7.9 million in a round of funding led by Industrifonden with participation from Velocity Capital and Frumtak Ventures. The company will use the new round of funding for research and development initiatives.

hr

Harvest Partners has completed a majority recapitalization of workforce management solutions provider PRO Unlimited. The company will use the investment proceeds for product development initiatives. Terms of the deal were not disclosed.

business services

bpo, legal consulting

Outsourced information retrieval company Keais has acquired outsourced legal and document-retrieval services provider National Legal Services. The acquisition will provide Keais an expanded presence within North America. Terms of the deal were not disclosed.

engineering consulting

Belcan, a provider of engineering and recruiting services to the aerospace and defense markets, has acquired aerospace technology services and solutions provider Schafer Corporation. Terms of the deal were not disclosed.

printing services

Labelling and packaging services company Gintzler has been acquired by First Atlantic Capital-backed Resource Label Group. The acquisition will provide RLG with an expanded geographic presence. Terms of the deal were not disclosed.

training, mobile content/apps

Music education mobile app Chromatik has been acquired by community learning company TakeLessons. The acquisition will provide TakeLessons with an expanded instructor network. 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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