Daily Deal Activity 05/30/17

Digital Media/Commerce

digital marketplace

CrowdJustice, developer of legal crowdfunding platform, has raised $2 million in a round of funding from Venrock, First Round Capital, and Bessemer Venture Partners. The company will use the funding for expanding its presence within the US.

digital marketplace

Germany-based real estate crowdfunding platform Exporo has raised $8.9 million in a round of funding from e.ventures, Holtzbrinck Ventures, Sunstone Capital, and BPO Capital. The company will use the new round of funding for expanding headcount.

ecommerce

Kuwait-based food delivery marketplace Carriage has been acquired by Delivery Hero. The acquisition will provide Delivery Hero with an expanded presence within the Gulf Council Countries. Terms of the deal were not disclosed.

ecommerce

Children’s eBook company Epic! has raised $8 million in Series C funding led by Reach Capital with participation from TransLink Capital, Rakuten Ventures, Menlo Ventures, and Innovation Endeavors. The company will use the funding for expanding headcount.

ecommerce

India-based eCommerce platform Snapdeal has raised $17 million in a round of funding from Nexus Venture Partners and private investors. The company will use the new round of funding for continued domestic expansion.

ecommerce

India-based food delivery startup Swiggy has raised $80 million in a round of funding from Naspers. The company will use the new round of funding for hiring talent and expanding its presence within Southeast Asia.

gaming

Germany-based virtual reality game development company Playsnak has raised $1.2 million in a round of funding from Gumi. The company will use the new round of funding for product development initiatives.

social media/apps

Online activism and social awareness platform Change.org has raised $30 million in a round of funding from private investors. The company will use the new round of funding for expanding operations internationally.

digital adveritisng

local search

MiSiedo, operator of an online booking platform for high-level restaurants, has been acquired by France-based restaurant online booking company Restopolitan. The acquisition will provide Restopolitan with an expanded international presence. Terms of the deal were not disclosed.

marketing Technology

analytics & Targeting

SaaS-based marketing analytics and information systems company Market Logic has raised $50.3 million in a round of funding from Sycamore, Summit Partners, and Genui. The company will use the new round of funding for expanding operations.

sfa/lead management

Predictive sales management platform People.ai has raised $7 million in Series A funding led by Lightspeed Venture Partners with participation from Index Ventures and Shasta Ventures. The company will use the new round of funding for expanding operations.

social technology

Social media management company Lithium Technologies has been acquired by Vista Equity Partners. The acquisition will provide Lithium with the resources for product development. Terms of the deal were not disclosed.

website creation/hosting

Internet services and hosting company UK2 has been acquired by The Hut Group from LDC Managers. The acquisition will be complementary to The Hut Groups’ existing eCommerce offering. Terms of the deal were not disclosed.

traditional media

digital place-based media

University IP television streaming company Philo has raised $22 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding its university network.

entertainment media

Production studio and cinematic content developer The Rogue Initiative has raised an undisclosed amount of funding from CBT Capital. The company will use the new round of funding for content creation initiatives.

Software

credit/risk

SaaS-based mortgage technology company Comergence Compliance Monitoring has been acquired by GTCR-backed Optimal Blue. The acquisition will provide Optimal Blue with an expanded licensing and mortgage compliance offering. Terms of the deal were not disclosed.

data management

Data management company NetApp has acquired high-capacity memory storage company Plexistor for $20 million. The acquisition will provide NetApp with expanded software-defined memory architecture. Terms of the deal were not disclosed.

erp

Fulfillment, order management, and logistics platform HubLogix will be acquired by ChannelAdvisor (NYSE:ECOM). The acquisition will be complementary to ChannelAdvisor’s Fulfillment Network offering. Terms of the deal were not disclosed.

financial

First Data Corporation (NYSE:FDC) will acquire commerce and payment solutions company CardConnect (Nasdaq:CCN) in a transaction valued at $750 million. The acquisition of $15 per CardConnect share represents a premium of 10 percent over the company’s May 26th closing price. CardConnect has LTM revenues of for the period ended March 31 2017 of $616 million and LTM EBITDA of $27 million, representing an LTM revenue multiple of 1.2x and an LTM EBITDA multiple of 27.8x.

financial

Financial management software developer Wave has raised $24 million in a round of funding from National Australia Bank, Exhibition Capital, Charles River Ventures, Social Capital, OMERS Ventures, and BDC Capital. The company will use the new round of funding for product development.

healthcare         

SaaS-based healthcare solutions company Mediware Information Systems has acquired health and hospice solutions company Kinnser Software from Insight Venture Partners. The acquisition will provide Mediware with and expanded non-acute care offering. Terms of the deal were not disclosed.

healthcare         

Digital healthcare management company Sharecare has raised an undisclosed amount of funding from Summit Partners. The company will use the new round of funding for expanding operations and hiring talent.

hr

Xactly Corporation (NYSE:XTLY) will be acquired by Vista Equity Partners in a transaction valued at$564 million. The acquisition of $15.65 per Xactly share represents a premium of 17 percent over the company May 26th closing price. Xactly has reported LTM revenues for the period ended March 31 2017 of $95.5 million, representing an LTM revenue multiple of 5.6x.

security

Endpoint threat platform CounterTack has raised $20 million in Series D funding led by Singtel Innov8 with participation from SAP National Security Services. The company will use the new round of funding for expanding its presence internationally.

security

Switzerland-based fraud prevention and risk mitigation platform NetGuardians has raised $8.7 million in a round of funding from Swisscom Ventures and Freemont Management. The company will use the new round of funding for sales and marketing initiatives.

software development tools

Testing and user experience personalization platform AB Tasty has raised $17 million in Series B funding from Korelya Capital, Partech Ventures, and Omnes Capital. The company will use the new round of funding for expanding its presence within the US.

Business Services

it consulting

Customer interaction management solutions company Avtex has acquired contact center services company Integrated Access Solutions. The acquisition will provide Avtex with an expanded contact center modernization 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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