Daily Deal Activity 04/27/17

Digital Media/Commerce

gaming

Mobile gaming startup Mech Mocha has raised $5 million in a round of funding led by Accel Partners with participation from Shunwei Capital and Blume Ventures. The company will use the new round of funding for launching new titles.

mobile content/apps

Childhood education apps developer MarcoPolo Learning has raised $8.5 million in a round of funding led by Boat Rocker Ventures with participation from Horizons Ventures. The company will use the new round of funding for expanding its video content offerings.

mobile content/apps

Food stamp management application Propel has raised $4 million in a round of funding from Andreessen Horowitz, Omidyar Network, and SciFi VC. The company will use the new round of funding for scaling operations.

social media/apps

Live broadcast platform BeLive.tv has received an undisclosed investment from Social Discovery Ventures. The company will use the new round of funding for expanding its engineering division and user base.

digital advertising

local search, digital marketplace

France-based property portal Logic-Immo will be acquired by Axel Springer for $114 million. The acquisition will see Logic-Immo integrated into Axel Springer Digital Classifieds Group. Financial information was not disclosed.

mobile marketing

Location-based marketing company Sprooki has been acquired by business intelligence solutions company Invigor Group for $10 million. The acquisition will provide Invigor with an expanded mobile engagement platform offering. Financial information was not disclosed.

marketing Technology

analytics & targeting, crm

Data-driven marketing technology platform provider Zeta Global has raised $140 million in Series F funding from GPI Capital, Franklin Square Capital, and GSO Capital Partners. The round included $115 million in equity capital and $25 million in debt financing, and brings Zeta’s total funding to date to more than $250 million.

commerce management

Online retail customer conversion solutions company Ve Interactive has been acquired out of administration by Aston Ventures. The acquisition will provide Ve Interactive with the resources for expanding its presence internationally. Terms of the deal were not disclosed.

search & discovery

Automated discovery and business context learning solutions company OutsideIQ has been acquired by governance, risk, and compliance services company Exiger. The acquisition will provide Exiger with expanded natural language processing capabilities. Terms of the deal were not disclosed.

search & discovery

Content management solutions company AMPLEXOR will acquire language translation technology and services provider Sajan for $24.8 million. Sajan has reported LTM revenues for the period ended March 17 2017 of $29.2 million, representing an LTM revenue multiple of 0.8x.

sem/seo tools

Search engine optimization solutions company Raven Tools has been acquired by campaign dashboards and reporting tools developer TapClicks. The acquisition will provide TapClicks with an expanded marketing reports platform. Terms of the deal were not disclosed.

agency & marketing services

digital agency

Digital projects and campaign design agency Deeplocal has been acquired by WPP. Deeplocal has reported LTM revenues for the period ended December 31 2016 of $12 million, and the acquisition will see the company integrated into WPP Digital. Terms of the deal were not disclosed.

Software

application management

Enterprise IT software company ASG Technologies has received an undisclosed amount of funding from Evergreen Coast Capital. The company will use the investment proceeds for the expanding its geographic presence.

big data

Quantitative research platform provider Domino Data Lab has raised $27 million in a round of funding led by Coatue Management with participation from Sequoia Capital, Zetta Venture Partners, and Bloomberg Beta. The company will use the new round of funding for expanding marketing and sales efforts.

big data

Mediachain Labs, a developer of blockchain research and open source protocol for managing music industry data, has been acquired by Spotify. The acquisition coincides with Spotify’s rights owners’ transparency strategy. Terms of the deal were not disclosed.

cloud computing

Robotic process automation software company UiPath has raised $30 million in Series A funding led by Accel Partners with participation from Earlybird Venture Capital and Credo Ventures. The company will use the new round of funding for hiring talent.

collaboration

Video collaboration software platform Huddly has raised $10 million in Series B funding from undisclosed investors. The company will use the new round of funding for expanding its geographic presence internationally.

healthcare

Electronic medical records company DocuTAP has acquired patient engagement software provider Clockwise.MD. The acquisition will provide DocuTAP with a strengthened wait time transparency solution. Terms of the deal were not disclosed.

healthcare

Healthcare analytics company Evidation Health has raised $10 million in a round of funding from Sanofi-Genzyme BioVentures. The company will use the new round of funding for product development initiatives.

healthcare

Digital health collaboration platform Oncoverse has been acquired by UK-based pharmaceutical products company BTG. The acquisition will provide BTG with an expanded patient care decisioning solution. Terms of the deal were not disclosed.

healthcare

Surgical Information Systems has acquired ambulatory surgery center software developer SourceMed. The acquisition will provide SIS with a strengthened clinical management solution offering. Terms of the deal were not disclosed.

information

engineering information

Science news publication New Scientist has been acquired by special purpose acquisition company Kingston Acquisitions from Reed Business Information. The acquisition will provide New Scientist with the resources for expanding its reader base. Terms of the deal were not disclosed.

business services

it consulting

Germany-based IT consulting company IT2 Solutions will be acquired by human capital management solutions company Zalaris for $20.9 million. IT2 Solutions has reported LTM revenues for the period ended December 31 2016 of $20.7 million and LTM EBITDA of $2.3 million, representing an LTM revenue multiple of 1.0x and an LTM EBITDA multiple of 8.7x.

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: