Daily Deal Activity 06/07/17

Digital Media/Commerce

digital marketplace

Malaysia-based C-to-B used-car company Carsome has raised $6 million in a round of funding from Gobi Partners, 500 Startups, Lumia Capital, and Spiral Ventures. The company will use the new round of funding for expanding its presence within Southeast Asia.

digital marketplace

Travel accommodations marketplace misterb&b has raised $8.5 million in Series A funding from Project A and Ventech. The company will use the new round of funding for expanding its presence internationally.

ecommerce

Meal delivery company Chewse has raised $7.3 million in a round of funding from Foundry Group, Telegraph Hill Capital, and Galvanize. The company will use the new round of funding for expanding its geographic presence.

ecommerce

Columbia-based grocery delivery company Mercadoni has raised $6.2 million in a round of funding from Axon Partners Group and Grupo Pegasus. The company will use the new round of funding for expanding its presence internationally.

ecommerce, mobile content/apps

China-based mobile app-based chauffeured car service company Ucar has raised $353 million in a round of funding from PICC Asset Management. The company will use the new round of funding for expanding its geographic presence.

ecommerce

Cross-border eCommerce company WaystoCap has raised $3 million in a round of funding from Y Combinator, Battery Ventures, Soma Capital, Palm Drive Capital, and Endure Capital. The company will use the new round of funding for expanding its presence within Africa.

social media/apps

Social pinning site Pinterest has raised $150 million at a reported valuation of $12.3 billion in a round of funding from undisclosed existing investors. The company will use the new round of funding for expanding its visual search technology capabilities.

social media/apps, financial

Ireland-based money messaging app Plynk has raised $28.1 million in a round of funding from Swiss Privee. The company will use the new round of funding for building out its engineering division and expanding its presence within Europe.

marketing Technology

analytics & targeting

Sepage, developer of relevance analytics solutions for online search and recommendation services, has been acquired by Travelsoft. The acquisition will provide Travelsoft with expanded targeting capabilities. Terms of the deal were not disclosed.

media management system, analytics & targeting

Bid management and ad-buying automation company MediaMath has secured a $175 million credit facility from Goldman Sachs with participation from Santander Bank. The company will use the transaction proceeds for refinancing existing debt.

mrm/workflow management, email/messaging software

Branded Response, a provider of subscription-based consumer health and wellness products, will acquire Push Interactive, a developer of SaaS-based workflow solutions for eCommerce companies. Terms of the deal were not disclosed.

mrm/workflow management

Bidding events automation provider Scout RFP has raised $15.5 million in Series B funding led by Menlo Ventures with participation from New Enterprise Associates. The company will use the new round of funding for expanding headcount.

sfa/lead management

Mobile field sales enablement platform SalesRabbit has raised $2.4 million in a round of funding from Peak Ventures. The company will use the new round of funding for product development and expanding operations.

Software

big data

UK-based visual tasks and artificial intelligence solutions company Tractable has raised $8 million in a round of funding from Ignition Partners and Zetta Venture Partners. The company will use the new round of funding for expanding its presence within the US.

big data

Public relations software Upbeat has raised $1.7 million in a round of funding from Draper Associates, Maverick Capital, Kleiner Perkins Caufield & Byers, and Quest Venture Partners. The company will use the new round of funding for product development efforts.

cloud computing, collaboration

Enterprise-level cloud platform Covisint Corporation (Nasdaq:COVS) will be acquired by Open Text Corporation (Nasdaq:OTEX) in a transaction valuing the company at $69.2 million. Covisint has reported LTM revenues for the period ended March 31 2017 of $70.2 million, representing and LTM revenue multiple of 1.0x.

collaboration

Restoration management software Next Gear Solutions has acquired mobile information collaboration company MICA Software. The acquisition will provide Next Gear with and expanded field collaboration offering. Terms of the deal were not disclosed.

collaboration

Freelancer collaboration platform Shortlist has raised $1.5 million in a round of funding from Impulse VC and FundersClub. The company will use the new round of funding for expanding marketing initiatives.

financial

Music royalties’ collection platform Stem has raised $8 million in a round of funding from Aspect Ventures and Evolution Media. The company will use the new round of funding for expanding headcount.

financial

Transaction processing software developer Transactive Systems has raised $1.5 million in a round of funding from AngelRush. The company will use the new round of funding for product development initiatives.

healthcare, healthcare consulting

Connected health and personal emergency response services provider GreatCall has been acquired by GTCR. The acquisition will provide GreatCall with the resources for expanding its geographic presence. Terms of the deal were not disclosed.

healthcare

Healthcare analytics and clinical data company Life2 has raised $1.5 million in a round of funding from Morley Device Innovations. The company will use the new round of funding for expanding sales initiatives.

hr

SaaS-based employee matching solution developer Viridis Learning has raised $7.5 million in a round of funding from Salesforce Ventures and Thayer Ventures. The company will use the new round of funding for expanding operations.

security

Big data cybersecurity company CybelAngel has raised $3.4 million in a round of funding from Senna Capital. The company will use the new round of funding for expanding its presence internationally and hiring talent.

security

Cybersecurity company Illumio has raised $125 million in a round of funding from J.P. Morgan Asset Management, Andreessen Horowitz, General Catalyst, and Data Collective. The company will use the new round of funding for research and development efforts.

security

Israel-based endpoint security platform Minerva has raised $7.5 million in a round of funding from Amplify Partners, StageOne Ventures, and Webb Investment Network. The company will use the new round of funding for expanding marketing and sales efforts.

security

Authentication and encryption solutions company Yubico has raised $30 million in a round of funding from New Enterprise Associates and Valley Fund. The company will use the new round of funding for expanding its presence internationally.

information

product/price information

Product sourcing solutions company ECRM will acquire supplier and retailer product discovery solution RangeMe. The acquisition will provide ECRM with expanded category planning capabilities. Terms of the deal were not disclosed.

Business Services

bpo

Advent International will acquire the GMD business process and IT outsourcing services division of Graña y Montero for a reported $89 million. GMD has reported LTM EBITDA for the period ended March 31 2017 of $10.9 million, representing an LTM EBITDA multiple of 8.2x.

it consulting

IT strategy and digital services firm Phase One has been acquired by Accenture. The acquisition will see Phase One provide Accenture Federal Services with an expanded Salesforce-based offering. Terms of the deal were not disclosed.

training

Coursera, provider of an online platform for higher education, has raised $64 million in Series D funding from GSV Asset Management, New Enterprise Associates, Kleiner Perkins Caufield & Byers, and Learn Capital. The company will use the new round of funding for expanding its master’s degree portfolio.

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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