Daily Deal Activity 05/02/17

Digital Media/Commerce

digital marketplace

Mortgage marketplace Morty has raised $3 million in a round of funding led by Thrive Capital with participation from SV Angel, FJ Labs, and Corigin Ventures. The company will use the new round of funding for expanding its presence domestically.

ecommerce

Expense account dining marketplace Dinova has received a $40 million growth equity investment from Frontier Capital. The company will use the new round of funding for expanding operations within the US.

ecommerce

China-based on-demand trucking services company Truck Alliance has raised $156 million in a round of funding from Baidu. The new round of funding is in addition to the $115 million the company raised at a reported valuation of $1 billion in December 2016.

gaming

Game publisher Wavedash Games has raised $6 million in Series A funding led by March Capital Partners with participation from Lowercase Capital, Advancit Capital, CourtsideVC, and Machine Shop Ventures. The company will use the new round of funding for expanding headcount.

digital advertising

local search

IAC/InterActiveCorp (Nasdaq:IAC) will acquire Angie’s List (Nasdaq:ANGI) in a transaction valued at $500 million. The acquisition of $8.50 per Angie’s List share represents a premium of 43.3 percent over the company’s May 1 closing price. Angie’s List has reported LTM revenues for the period ended December 31 2016 of $323 million, representing an LTM revenue multiple of 1.5x.

mobile marketing

Mobile data monetization company Twine Data has raised $5.4 million in a round of funding from undisclosed investors. The company will use the new round of funding for focusing on product development efforts.

marketing Technology

ad serving

Machine learning advertising technology platform Adext has raised $3 million at a reported valuation of $20 million from Credito Real and private investors. The company will use the new round of funding for expanding marketing efforts.

marketing data

Hotel market intelligence company Fornova has raised $17 million in Series B funding led by Deutsche Telekom Capital Partners with participation from Waypoint Capital and JAL Ventures. The company will use the new round of funding for marketing and sales initiatives.

social technology

Influencer marketing solutions developer CreatorIQ has raised an undisclosed amount of Series A funding from Affinity Group. The company will use the new round of funding for expanding research and development efforts.

agency & marketing services

digital agency

Digital agency WME Group has been acquired by Australia-based IT solutions company Melbourne IT for $29.4 million. The acquisition will provide Melbourne IT with expanded managed marketing capabilities. WME Group has reported LTM revenues for the period ended December 31 2016 of $16.5 million and LTM EBITDA of $4.4 million, representing an LTM revenue multiple 1.7x and an LTM EBITDA multiple of 6.7x.

Software

collaboration

Product design collaboration platform InVision has acquired visual feedback tool developer TrackDuck. The acquisition will provide InVision with expanded digital product development capabilities. Terms of the deal were not disclosed.

credit/risk

Risk management software company Ncontracts has acquired risk management dashboard developer Supernal Software. The acquisition will provide Ncontracts with an expanded risk management offering for financial institutions. Terms of the deal were not disclosed.

financial

Sales compensation software developer Iconixx has raised $4.2 million in a round of funding from Ballast Point Ventures, Harbert Growth Partners, and S3 Ventures. The company will use the new round of funding for product development efforts.

financial

Insurance industry software and payments solutions company One has raised $15.5 million in a round of funding led by American Family Ventures and Centana Growth Partners with participation from AXA Strategic Ventures and MassMutual Ventures. The company will use the new round of funding for expanding internationally.

financial

SaaS-based facilities management platform ServiceChannel has raised $54 million in a round of funding from Accel Partners. The company will use the new round of funding for expanding market reach and operations.

geo-demo

Geospatial analytics company Orbital Insight has raised $50 million in a round of funding led by Sequoia Capital with participation from Envision Ventures, Balyasny Asset Management, Geodesic Capital, and Intellectus Partners. The company will use the new round of funding for expanding its design and sales divisions.

infrastructure

Infrastructure management solutions company Bitfusion has raised $5 million in Series A funding led by Vanedge Capital with participation from Sierra Ventures, Data Collective, and Resonant VC. The company will use the new round of funding for expanding operations.

virtualization

Cloud-based software-defined WAN solutions company Viptela will be acquired by Cisco for a $610 million. The acquisition will see Viptela integrated into Cisco’s Enterprise Networking Group. Financial information was not disclosed.

information

healthcare information

Education television network The Wellness Network has acquired patient education video publisher Milner-Fenwick. The acquisition will provide The Wellness Network with an expanded peer-reviewed health videos offering. Terms of the deal were not disclosed.

business services

it consulting

H.I.G. Capital will acquire a majority stake in Germany-based IT systems integration and software development company CONET Technologies. The acquisition will provide CONET with the resources for expanding its geographic presence. Terms of the deal were not disclosed.

logistics

Fleet management services company 4tigo has raised $10 million in Series A funding from Accel Partners and private investors. The company will use the new round of funding expanding its geographic presence.

training

Digital education company 2U (Nasdaq:TWOU) has acquired GetSmarter, a provider of online courses for working professionals. The acquisition will provide 2U with an expanded short-courses offering. 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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