Daily Deal Activity 04/18/17

Digital Media/Commerce

ecommerce

PetSmart will acquire pet food and products eCommerce site Chewy.com for a reported $3.4 billion. Chewy.com has raised $236 million to date and reported 2016 revenues of nearly $900 million. Petsmart was most recently valued at $8.7 billion when acquired by private equity investors in March 2015.

niche content

Bustle, operator of media sites for millennial women, has acquired viral content company Elite Daily from Daily Mail. Elite Daily was previously acquired by Daily Mail for $47 million in January 2015.  Terms of the deal were not disclosed.

digital advertising

online lead generation

Forex broker’s review platform 100ForexBrokers.com has been acquired by lead generation properties operator Investoo Group. The acquisition will be complementary to Investoo’s existing comparison sites portfolio. Terms of the deal were not disclosed.

marketing Technology

analytics & targeting

Mux, a developer of performance analytics solutions for video developers and media publishers, has raised $9 million in Series A funding led by Accel Partners with participation from Y Combinator, Susa Ventures, Advancit Capital, and Lowercase Capital. The company will use the new round of funding for expanding operations.

content management

SaaS-based content marketing platform PowerPost has raised $2 million in a round of funding from Arsenal Capital Management. The company will use the new round of funding for expanding marketing and sales initiatives.

search & discovery

Narrative generation and automation platform Narrative Science has raised $11 million in a round of funding led by Sapphire Ventures with participation from Jump Capital. The company will use the new round of funding for hiring talent.

social technology

Brand reputation management solution AppDetex has raised $5.5 million in a round of funding led by Epic Ventures with participation from Origin Ventures. The company will use the new round of funding for product development.

agency & Marketing Services

digital agency

India-based digital agency SVG Media has been acquired by Dentsu Aegis Network. The acquisition will see SVG integrated into Dentsu’s Asia Pacific digital marketing network Columbus. Terms of the deal were not disclosed.

traditional media

entertainment media

Niche video production companies Avante-Garde Productions and Zane Kuhle Studios will be acquired by Turbo Global Partners. The acquisition will provide expanded capabilities for Turbo’s OnNow TV and WEB Television platform offerings. Terms of the deals were not disclosed.

Software

cloud computing

France-based machine-to-machine communications platform Actility has raised $75 million in a round of funding from Creadev, KPN, Orange, and Foxconn. The company will use the new round of funding for expanding its presence internationally.

credit/risk

Mortgage auditing and blockchain-as-a-service solutions company Factom has raised $8 million in Series A funding from Draper Associates, Fenbushi Capital, and Plug & Play Ventures. The company will use the new round of funding for expanding operations.

credit/risk

Digital insurance products development company Qover has raised $5.9 million in a round of funding from Anthemis Group. The company will use the new round of funding for expanding its geographic presence.

data management

Data management platform Reltio has raised $40 million in Series C funding led by New Enterprise Associates with participation from Sapphire Ventures, Crosslink Capital, and .406 Ventures. The company will use the new round of funding for expanding its engineering division.

engineering

UK-based energy-sector software solutions developer Utiligroup has been acquired by Accel-KKR for a reported $128 million. The acquisition will provide Utiligroup with the resources for product development. Financial information was not disclosed.

erp

Facilities management and maintenance software developer Mainstream Software has been acquired by CBRE. The acquisition will provide CBRE with expanded operational efficiency capabilities. Terms of the deal were not disclosed.

financial

Account receivable automation solutions provider DadeSystems has raised $2 million in a round of funding from Ocean Azul Partners. The company will use the new round of funding for expanding its sales and marketing divisions.

financial

White-label digital mortgage solution MortgageHippo has raised $2.3 million in a round of funding led by CMFG Ventures, the venture capital entity of  CUNA Mutual Group. The company will use the new round of funding for expanding its sales division.

financial

Model management software developer TradeWarrior Software has been acquired by Oranj. The acquisition will provide Orangj’s existing offering with an expanded rebalancing functionality. Terms of the deal were not disclosed.

financial

Residential landlord property management solution TurboTenant has raised $1.5 million in a round of funding from FrontRange Capital Partners. The company will use the new round of funding for expanding headcount.

financial

New Zealand-based cloud accounting solutions provider Xero has raised $26 million in a round of funding from Technology Crossover Ventures. The company will use the new round of funding for expanding its presence internationally.

geo-demo

Map-based data visualization platform RippleNami has raised an undisclosed amount of funding from Proper Capital and Chatham Venture Partners. The company will use the new round of funding for platform development efforts.

healthcare

China-based mobile health behavior management firm More Health has raised $36.3 million in Series B funding from CITIC Capital. The company will use the new round of funding for expanding its presence internationally.

healthcare

Digital health company Murj has raised $4.5 million in Series A funding led by True Ventures with participation from Social Capital. The company will use the new round of funding for expanding operations.

healthcare

Healthcare technology company IntegriChain has acquired contract operations outsourcing software developer PharmaMetrics. The acquisition will provide IntegriChain with a strengthened contract management solution. Terms of the deal were not disclosed.

hr

Teacher’s job search resource Teachers-Teachers has been acquired by education software developer Frontline Education. The acquisition will provide Frontline with expanded capabilities for its Recruiting and Hiring Solution. Terms of the deal were not disclosed.

security

Cyber risk management platform CyberGRX has raised $20 million in Series B funding led by Bessemer Venture Partners with participation from Aetna Ventures, Allegis Capital, GV, MassMutual Ventures, and Rally Ventures. The company will use the new round of funding for product development.

software development tools

Code deployment and testing solutions developer Wercker has been acquired by Oracle. The acquisition will provide Oracle with expanded infrastructure-as-a-service capabilities for its cloud computing platform. Terms of the deal were not disclosed.

information

healthcare information

Health plan chart retrieval solutions company ArroHealth has been acquired by New Mountain Capital-backed Ciox Health. The acquisition will provide Ciox with strengthened health information exchanges offerings. Terms of the deal were not disclosed.

business services

hr consulting, staffing

Exact Recruiting Solutions, a provider of home care and hospice industry talent acquisition services, has been acquired by Simione Healthcare Consultants. The acquisition provides Simione with an expanded 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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