Daily Deal Activity 05/15/17

Digital Media/Commerce

digital marketplace

Scientist.com, operator of a marketplace for outsourced research, has raised $24 million in a round of funding from Leerink Transformation Partner, 5am Ventures, and Bootstrap Ventures. The company will use the new round of funding for expanding its pharmaceutical outsourcing marketplace.

ecommerce

Online food ordering and delivery marketplace Delivery Hero Group has raised $425 million in a round of funding from Naspers and London Stock Exchange. The company will use the new round of funding for expanding its presence internationally.

ecommerce

On-demand delivery startup Jinn has raised $10 million in a round of funding from STE Capital, Samaipata Ventures, and private investors. The company will use the new round of funding for hiring talent.

ecommerce

China-based electrical hardware eCommerce company Ruigu Shop has raised $14 million in a round of funding from Chengwei Capital. The company will use the new round of funding for expanding its presence internationally.

ecommerce

Clothing eCommerce app Spring has raised $65 million in a round of funding from Fidelity Investments, Groupe Arnault, Thrive Capital, and Box Group. The company will use the new round of funding for expanding operations.

gaming

Mobile gaming studio Pocket Gems has raised $90 million at a reported valuation of $600 million in a round of funding from Tencent. The company will use the new round of funding for launching new gaming titles.

niche content

Australia-based auto news and review site Motoring Media Network has been acquired by Motorsport.com. The acquisition will provide Motorsport.com with an expanded international presence. Terms of the deal were not disclosed.

digital advertising

digital promotion/coupon

Mobile plan coupon and rewards company FreeCharge has been acquired by competitor Paytm from Snapdeal in a transaction valued between a reported $45 million and $90 million. FreeCharge was originally acquired by SnapDeal for $450 million in April 2015. Financial information was not disclosed.

digital video

Ad-supported video streaming applications developer adRise has raised $21 million in a round of funding from undisclosed investors. The company will use the new round of funding for marketing and sales initiatives.

vertical search

Rail bookings and reservation platform SilverRail has been acquired by Expedia. The acquisition will provide Expedia with an expanded offering for the international train vertical. Terms of the deal were not disclosed.

marketing Technology

asset management system

Digital asset management platform CBien has raised $8.7 million in a round of funding from MAIF and 5M Ventures. The company will use the new round of funding for expanding its marketing and sales divisions.

commerce management

eCommerce shopping cart technology developer Miva has raised $17 million in a round of funding from Bison Capital Partners. The company will use the new round of funding for product development initiatives.

sfa/lead management

Artificial intelligence marketing and sales platform Mintigo has raised $10 million in a round of funding from Glilot Capital Partners, Sequoia Capital, and Maverick Ventures. The company will use the new round of funding for expanding its presence internationally.

sfa/lead management

Account-based marketing platform Terminus has raised $10.3 million in a round of funding from Atlanta Ventures, Edison Ventures, and Hyde Park Venture Partners. The company will use the new round of funding for expanding its engineering division.

agency & marketing Services

digital agency

Beringer Capital has acquired a majority stake in digital marketing company ICiDigital. The acquisition will provide ICiDigital with the resources for expanding its engineering and data science divisions. Terms of the deal were not disclosed.

Software

big data, cloud computing

Virtual worlds simulation company Improbable has raised $502 million in a round of funding led by SoftBank with participation from Andreessen Horowitz and Horizon Ventures. The company will use the new round of funding for product development initiatives.

engineering

Architectural design software developer Abvent Group has received a minority investment from Ardian. The company will use the new round of funding for expanding its engineering, marketing, and sales divisions.

financial

Property tax appeal software developer TurboAppeal has been acquired by property tax consulting firm Paradigm Tax Group. The acquisition will provide Paradigm with an expanded digital offering. Terms of the deal were not disclosed.

financial

Canada-based automated financial advice and portfolio management company Wealthsimple has raised $37 million in Series B funding from Power Financial Corp. The company will use the new round of funding for expanding its presence geographically.

healthcare

Health insurance data and analytics platform Clover Health has raised $130 million at a reported valuation of $1.2 billion of in a round of funding from GV, Palm Drive Capital, West Technology Investment, Sequoia Capital, and First Round Capital. The company will use the new round of funding for expanding operations.

security

Security and encryption solutions company Lighthouse has raised $17 million in a round of funding from Eclipse Ventures, Playground Global, and Felicis Ventures. The company will use the new round of funding for expanding headcount.

information

financial information

The Netherlands-based financial information provider Bureau Van Dijk has been acquired by Moody’s in a transaction valued at $3.3 billion. The acquisition is representative of 11.2x Bureau Van Dijk LTM revenue and 21.8x LTM EBITDA.

business services

engineering consulting

Ardian will acquire a 60 percent majority stake in the Research and Development division of France-based engineering and consulting firm Assystem. The acquisition will provide the R&D division with the resources for expanding its presence internationally. 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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