Daily Deal Activity 05/31/17

Digital Media/Commerce

ecommerce

On-demand pet services company Destination Pet has raised an undisclosed amount of funding from Opus Equity Partners. The company will use the new round of funding for expanding its pet care services network.

gaming

Mobile game subscription service GameMine has raised $20 million in a round of funding from Palisades Venture Capital. The company will use the new round of funding for expanding headcount and launching new titles.

gaming

Gaming technology company Gamevice has raised $12.5 million in Series A funding from Translink Capital, BAM Ventures, and TYLT Ventures. The company will use the new round of funding for expanding headcount.

gaming

Take-Two Interactive Software (Nasdaq:TTWO) has acquired physics-based space simulation game Kerbal Space Program. The acquisition will provide Kerbal with the resources for continued development. Terms of the deal were not disclosed.

niche content

Millennials-focused digital content producer 88 rising has received a strategic investment from WPP. The company will use the investment proceeds for expanding its presence internationally. Terms of the deal were not disclosed.

niche content, social media/apps

Military and veteran-focused media company Lafayette Media Group has acquired military family communities and digital platforms operator MilitaryOneClick from relocation company Suddath Relocation Services. Terms of the deal were not disclosed.

digital adveritisng

local search

India-based local merchant discovery platform MagicPin has raised $7 million in a round of funding from Lightspeed Venture Partners. The company will use the new round of funding for expanding its presence geographically.

marketing Technology

mrm/workflow management

Contract management platform Concord has raised $3.7 million in a round of funding from Alven Capital, Cota Ventures, and Streamlined Ventures. The company will use the new round of funding for sale and marketing efforts.

market research

Consumer insights and research application developer OnePulse has raised $3.9 million in a round of funding from Beacon Capital and Foundation Capital. The company will use the new round of funding for expanding its presence within the US.

agency & Marketing services

digital agency

Content marketing services company Serviceplan Group has acquired content marketing agency Crispy Media. The acquisition will provide Serviceplan with an expanded geographic presence. Terms of the deal were not disclosed.

digital agency

Digital strategy and online marketing solutions company Mashfrog has acquired Italy-based digital marketing services firm Mamadigital. The acquisition will provide Mashfrog with an expanded international presence. Terms of the deal were not disclosed.

Software

application management

HGGC will acquire a majority stake in application and server management software firm Idera in a transaction valuing the company at $1.1 billion. The acquisition will provide Idera with the resources for expanding its presence internationally. Financial information was not disclosed.

credit/risk

Carrum Health, developer of a bundled payment platform for employers, has raised $6.5 million in a round of funding from Wildcat Venture Partners, SJF Ventures, and SpringRock Ventures. The company will use the new round of funding for expanding operations.

credit/risk

Evolute, developer of a risk and compliance solutions for asset managers, has raised $6.2 million in a round of funding from undisclosed investors. The company will use the new round of funding for hiring talent.

data management

Data operations platform StreamSets has raised $20 million in a round of funding from Accel Partners, Battery Ventures, and New Enterprise Associates. The company will use the new round of funding for expanding its presence within Europe.

engineering

Energy efficiency and analytics software developer Entic has been acquired by The Blackstone Group. The acquisition will provide Entic with the resources for product development initiatives. Terms of the deal were not disclosed.

financial

Personal finance management solutions developer HelloWallet has been acquired by investment research firm Morningstar. The acquisition will see HelloWallet integrated into Moringstar’s KeyCorp division. Terms of the deal were not disclosed.

financial, mobile technology

Mobile point-of-sale platform TouchBistro has raised $12.1 million in a round of funding from Napier Park Financial Partners, Recruit Holdings, and Relay Ventures. The company will use the new round of funding for expanding operations.

healthcare, mobile content/apps               

Speech therapy application developer Constant Therapy has been acquired by Digital Health Corp. The acquisition will see Constant Therapy integrated into Reflexion Health. Terms of the deal were not disclosed.

infrastructure

Session oriented routing software developer 128 Technology has raised $21.5 million in Series C funding from G2O Ventures. The company will use the new round of funding for expanding its presence internationally.

infrastructure

Commercial print and mail infrastructure solutions company Lob has raised $20 million in a round of funding from Y Combinator, Initialized Capital, First Round Capital, Polaris Partners, and Floodgate. The company will use the new round of funding for expanding its engineering division.

infrastructure

SoftBank has acquired a significant minority stake in enterprise infrastructure solutions company OSIsoft. The acquisition will provide OSIsoft with the resources for expanding operations. Terms of the deal were not disclosed.

legal

Online government and commercial entities dispute resolution company Modria has been acquired by Tyler Technologies (NYSE:TYL). The acquisition will be complementary to Tyler’s courts and justice and appraisal and tax solutions. Terms of the deal were not disclosed.

virtualization

China-based software defined network and services provider Zenlayer has raised $10 million in series A funding from F&G Venture and NSFOCUS. The company will use the new round of funding for expanding its data center network.

information

financial information

OTC Markets Group has acquired stock promotion schemes awareness publisher theOTC.today. The acquisition will provide OTC Markets with an expanded compliance data offering. Terms of the deal were not disclosed.

healthcare information, digital place-based media

Point-of-care healthcare information company Outcome Health has raised $600 million at a reported pre-money valuation of $5 billion from Goldman Sachs Investment Partners, CapitalG, Leerink Transformation Partners, Pritzker Group Venture Capital, and Balyasny Asset Management. The company will use the funding for expanding its physician practice network.

Business Services

healthcare consulting

LLR Partners has made an undisclosed investment in hospital revenue cycle management services company Kemberton Healthcare Services. The company will use the investment proceeds for expanding sales and marketing efforts.

training

China-based online tutor Yuanfuado has raised $120 million at a reported valuation of $1 billion from Warburg Pincus and Tencent. The company will use the new round of funding for expanding its presence internationally.

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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