Daily Deal Activity 05/26/17

Digital Media/Commerce

ecommerce

Direct to consumer mattress company Casper has raised $75 million in a round of funding from Target. The investment follows reports that Casper denied a potential $1 billion acquisition offer from Target within the past week.

ecommerce, mobile content/apps

Chain-based on-demand automobile maintenance app Le Che Bang has raised $44 million in a round of funding from Grand Flight Investment, Sequoia Capital, Cathay Capital Private Equity, Joyson Electronics, and Vertex Ventures.

ecommerce

UK-based online pharmacy Pharmacy2u has raised $9 million in a round of funding from Business Growth Fund. The company will use the new round of funding for expanding marketing and sales initiatives.

ecommerce

Bike-sharing startup Spin has raised $8 million in a round of funding led by Grishin Robotics with participation from Exponent and CRCM Venture Capital. The company will use the new round of funding for expanding its presence geographically.

gaming

Online sports lottery company 500.com has acquired majority stake in lottery betting and online casino platform The Multi Group in a transaction valued at $56 million. Financial information was not disclosed.

mobile content/apps

Gixo, developer of an app for on-demand fitness classes, has raised $3.7 million in a round of funding from Greylock Partners. The company will use the new round of funding for expanding its engineering division.

niche content

Sweden-based digital magazine company Readly has raised $14.5 million in a round of funding from Zouk Capital and Hermes GPE. The company will use the new round of funding for expanding its presence internationally.

digital adveritisng

local search

Russia-based medical appointments and doctor reviews platform DocDoc.ru has been acquired by Sberbank. The acquisition will provide DocDoc.ru with the resources for expanding its presence internationally. Terms of the deal were not disclosed.

marketing Technology

crm

Customer experience management solutions company Servion Global Solutions has raised $74 million in a round of funding from Everstone. The company will use the new round of funding for expanding its presence internationally.

agency & Marketing services

digital agency

Digital marketing and web design services provider QC Marketing has acquired digital marketing and branding agency Adaptive Inbound Marketing Solutions. The acquisition will provide QC Marketing with expanded creative capabilities. Terms of the deal were not disclosed.

marketing consulting

Branding and marketing services company Switch Design Consultancy has been acquired by business growth consultancy Pure Consultancy. The acquisition will provide Pure with an expanded geographic presence. Terms of the deal were not disclosed.

traditional media

entertainment media

Australia-based television and documentary production company RACAT Group has been acquired by Blue Ant Media. The acquisition will provide Blue Ant with expanded content production capabilities. Terms of the deal were not disclosed.

Software

big data

Data unification and machine learning company Tamr has received an undisclosed equity investment from GE Ventures. The company will use the investment proceeds for product development efforts and go-to-market initiatives.

data management

Sports team video and data management solutions provider Krossover has been acquired by sport management software developer Blue Star Sports. The acquisition coincides with Blue Stars’ sports intelligence acquisition strategy. Terms of the deal were not disclosed.

financial

Malaysia-based white-label point-of-sale solutions company Soft Space has raised $5 million in Series A funding from Transcosmos. The company will use the new round of funding for expanding its presence within Asia.

financial

Mortgage closing process solutions company Spruce has raised $4 million in a round of funding from Bessemer Venture Partners, Omidyar Network, and Third Prime Capital. The company will use the new round of funding for expanding headcount.

hr

Asure Software has acquired payroll and human resources software company iSystems for $59.3 million and human capital management solutions company Compass HRM for $6 million. iSystems has reported LTM revenues for the period ended December 31 2016 of $12.8 million, representing an LTM revenue multiple of 4.6x.

software development tools

China-based chatbot development tool Rulai has raised $6.5 million in a round of funding led by GSR Ventures with participation from Fidelity Growth Partners, Eight Roads Ventures, and Zhongwei Capital. The company will use the new round of funding for expanding its presence within the US.

Business Services

it consulting

IT infrastructure and cloud services company Reflex Solutions has been acquired by Jasco Electronics for $3.1 million. The acquisition will provide Jasco with an expanded managed services division. Financial information was not disclosed.

it consulting

TriCore Solutions, a provider of managed services to the healthcare, financial services, and retail industries, will be acquired by Rackspace. The acquisition will provide Rackspace with an expanded application management services offering. Terms of the deal were not disclosed.

training

Career coaching startup Paragon One has raised $1.9 million in a round of funding from Y Combinator, Foundation Capital, Learn Capital, and University Ventures. The company will use the new round of funding for expanding its university partner network.

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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