Daily Deal Activity 05/24/17

Digital Media/Commerce

ecommerce

Meal marketplace Chef’d has raised $10 million in a round of funding from Campbell Soup Company. The new round of funding will see Chef’d partner with Campbell Soup while strengthening its eCommerce capabilities.

ecommerce

Emaar Malls has acquired a 51 percent majority stake in UAE-based online retailer Namshi from Rocket Internet in a transaction valuing the company at $296 million. Namshi has reported LTM revenues for the period ended December 31 2016 of $151.1 million, representing an LTM revenue multiple of 2.0x.

ecommerce

On-demand furniture storage company Trove has raised $8 million in a round of funding from Greylock Partners. The company will use the new round of funding for building out operations while expanding headcount.

ecommerce

Virtual reality products eCommerce site VR World will be acquired by AppSwarm. The acquisition will provide VR World with the resources for expanding its VR systems network. Terms of the deal were not disclosed.

gaming

Supercell has acquired a 62 percent stake in UK-based social and mobile gaming company Space Ape Games in a transaction valuing the company at $90 million. The acquisition will provide Supercell with an expanded offering of mobile titles. Financial information was not disclosed.

gaming, creative production platform

Virtual and augmented reality company Unity Technologies has raised $400 million at a reported valuation of $2.6 billion in a round of funding from Silver Lake. The company will use the new round of funding for product development.

digital advertising

affiliate/cpa network

Online casino reviews and affiliate company NewCasinos.com has been acquired by Catena Media for $13.4 million. The acquisition will provide Catena Media with an expanded lead generation portfolio within Europe. Financial information was not disclosed.

digital promotion/coupon

Experiences and deals aggregator Bownty has been acquired by North-East Venture. The acquisition will provide Bownty with the resources for expanding its presence within Europe. Terms of the deal were not disclosed.

local search

Online health booking platform DocPlanner has raised $16.8 million in a round of funding from Enern Investments, Target Global, and One Peak Partners. The company will use the funding for expanding its presence within South America.

mobile marketing

Australia-based mobile advertising company Unlockd has raised $23 million in a round of funding from Axiata. The company will use the new round of funding for expanding its presence within Southeast Asia.

online lead generation

Germany-based direct flight booking services company eWings.com will be acquired by corporate travel services company Hogg Robinson. The acquisition will provide Hogg Robinson with an expanded offering for small businesses. Terms of the deal were not disclosed.

marketing Technology

crm

Dealership management systems developer Auto/Mate will be acquired by IT and digital marketing solutions company CDK Global (Nasdaq:CDK). The acquisition will provide CDK with a strengthened offering for auto dealerships. Terms of the deal were not disclosed.

market research

Market research platform developer Discuss.io has raised $5 million in a round of funding from Unilever Ventures and Pereg Ventures. The company will use the new round of funding for expanding its engineering division.

mrm/workflow management

SaaS subscription management technology Meta SaaS has raised $1.5 million in a round of funding from Barracuda Network, Capital Factory, and Deep Space Ventures. The company will use the new round of funding for expanding its engineering division.

product/price software

Accenture has taken a minority stake in Nomis Solutions, a developer of pricing and profitability management solutions for retail banks. The transaction will expand Accenture’s analytics capabilities. Terms of the deal were not disclosed.

sfa/lead management

Sales process optimization company Inflowz has raised $3.5 million in a round of funding from Glilot Capital Partners. The company will use the new round of funding for expanding headcount while focusing on product development.

sfa/lead management

Sales engagement platform Outreach has raised $30 million in Series C funding led by DFJ Growth with participation from Mayfield Fund, Microsoft Ventures, Trinity Ventures, and Four Rivers Group. The company will use the funding for product development.

agency & marketing Services

design agency

Digital customer experience company Softvision has acquired UX/UI design and customer experience firm Momentus. The acquisition will provide Softvision with an expanded geographic presence. Terms of the deal were not disclosed.

design agency

Design and development agency TrestleMedia will be acquired by small businesses agency CHIEF. The acquisition will provide CHIEF with an expanded geographic presence. Terms of the deal were not disclosed.

public relations

Belgium-based public affairs and strategic communications firm Cabinet DN has been acquired by Teneo Holdings. The acquisition will provide Teneo with expanded public affairs capabilities within Europe. Terms of the deal were not disclosed.

Software

collaboration

Smartsheet, developer of SaaS-based platform for managing and automating collaborative work, has raised $52 million in a round of funding from Insight Venture Partners, Madrona Venture Group, Sutter Hill Ventures, and Summit Partners. The company will use the new round of funding for sales and marketing efforts.

credit/risk

Merlon Intelligence, a developer of risk management and compliance software for financial services companies, has raised $7.7 million in a round of funding from DCVC and Nyca. The company will use the new round of funding for launching out of beta.

credit/risk

Consumer insurance and financial protection planning software PolicyGenius has raised $30 million in Series C funding led by Norwest Venture Partners with participation from Revolution Ventures, Karlin Ventures, Susa Ventures, AXA Strategic Ventures, and MassMutual Ventures. The company will use the funding for product development efforts.

financial

Real estate software solutions provider MRI Software has received an undisclosed strategic investment from TA Associates. The company will use the new round of funding for expanding its presence internationally.

financial

Online alpha capture software developer TIM Group has been acquired by Mergermarket. The acquisition will provide Mergermarket a strengthened investment recommendations and forecasting offering. Terms of the deal were not disclosed.

financial

Trading analysis software developer Trade Interceptor has been acquired by online securities brokerage ThinkMarkets. The acquisition will provide ThinkMarkets with an expanded mobile offering. Terms of the deal were not disclosed.

financial

SaaS-based financial services technology platform T-Rex Group has raised $10 million in a round of funding from Innogy, Safeguard Scientifics, and Ecosystem Integrity Fund. The company will use the new round of funding for expanding headcount.

healthcare

Medrio, a provider of solutions for clinical trials, has raised $30 million in a round of funding from Questra Capital Management. The company will use the new round of funding for product development efforts.

security

Cyber security solutions company Hexadite has been acquired by Microsoft for a reported $100 million. The acquisition coincides with Microsoft’s cyber security research and development strategy. Financial information was not disclosed.

security, infrastructure

Incident resolution solutions company Resolve Systems has been acquired by Insight Venture Partners. The company will use the new round of funding for expanding operations. Terms of the deal were not disclosed.

software development tools

Intelledox, a developer of mobile application development and digital transformation software for financial institutions, has raised $3 million in a round of funding from Ellerston Ventures. The company will use the funding for expanding sales and marketing initiatives.

information

engineering information

Verisk Analytics (Nasdaq:VRSK) will acquire wind and solar power research and advisory company MAKE. The acquisition will see MAKE integrated into Wood Mackenzie. Terms of the deal were not disclosed.

business services

bpo, cloud computing

Cloud workforce outsourcing company CloudFactory has raised $7.3 million in a round of funding from Dolma Impact Fund and The Social Entrepreneurs’ Fund. The company will use the new round of funding for research and development initiatives.

logistics

On-demand logistics services company Quiqup has raised $25.9 million in a round of funding led by JOBI Capital with participation from Transmed. The company will use the new round of funding for expanding operations.

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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