Daily Deal Activity 06/14/17

Digital Media/Commerce

digital marketplace

UK-based car auctioning platform Aston Barclay has raised an undisclosed amount of funding from Rutland Partners. The company will use the new round of funding for expanding its presence internationally.

digital marketplace

The Netherlands-based peer-to-peer car sharing company Snappcar has raised $11.2 million in a round of funding from Europcar Group and Autobinck Group. The company will use the new round of funding for expanding its presence within Europe.

digital marketplace

Textbook and course notes peer-to-peer marketplace Top Hat has raised $7.5 million in a round of funding from Leaders Fund. The company will use the new round of funding for expanding its author collaboration offering.

ecommerce

Singapore-based eCommerce platform Shopmatic has raised $5.7 million in a round of funding from ACP and Spring Seeds Capital. The company will use the new round of funding for expanding its presence within Southeast Asia.

ecommerce

On-demand personal insurance company Sure has raised $8 million in Series A funding led by IA Capital with participation from Menlo Ventures, FF Venture Capital, Nationwide Ventures, and AmTrust. The company will use the new round of funding for hiring talent.

ecommerce

Pre-made meal delivery company Territory has raised $6.7 million in Series A funding led by NRV with participation from Lewis & Clark Ventures and Upfront Ventures. The company will use the new round of funding for expanding its geographic presence.

digital advertising

mobile marketing

Mobile customer engagement solutions company BlueFox.io has raised $7 million in a round of funding from Baseline Ventures, Panasonic, NewGen Capital, and Pentalog. The company will use the new round of funding for product development.

marketing Technology

commerce management

INTURN, developer of a SaaS-based B-to-B excess inventory platform, has raised $22.5 million in a round of funding from B Capital Group. The company will use the new round of funding for expanding its engineering division.

market research

The Stagwell Group has acquired certain mobile research assets from Nielsen. The assets include Nielsen’s Mobile Insights Survey division and Total Communication Survey division, and the transaction will see the assets combined and relaunched as HarrisX. HarrisX will operate within Harris Insights and Analytics. Terms of the deal were not disclosed.

market research, marketing consulting

Digital marketing agency 5by5 has acquired market research services company Sightline Research. The acquisition will provide 5by5 with an expanded research and strategies offering. Terms of the deal were not disclosed.

mrm/workflow management

File submission and management solution Submittable has raised $5 million in Series A funding from True Ventures. The company will use the new round of funding for expanding marketing and sales initiatives.

search & discovery

Artificial intelligence voice platform Snips has raised $13 million in Series A funding from Korelya Capital, MAIF Avenir, Bpi France, and Eniac Ventures. The company will use the new round of funding for product development efforts.

traditional media

traditional outdoor

OUTFRONT Media (NYSE:OUT) has acquired Canada-based digital billboards company Dynamic Outdoor for $94.4 million. The acquisition will provide OUTFRONT with an expanded billboards portfolio within Canada. Financial information was not disclosed.

Software

big data

Deep learning technology company Element AI has raised $102 million in Series A funding led by Data Collective with participation from Real Ventures, BDC, Intel Capital, Microsoft Ventures, and Tencent. The company will use the new round of funding for expanding headcount.

erp

Michelin has acquired fleet telematics company NexTraq from FLEETCOR Technologies (NYSE:FLT). The acquisition will provide Michelin with an expanded geographic presence within the fleet management technology sector. Terms of the deal were not disclosed.

financial

Automated accounting and benchmarked reporting platform Ceterus has raised $6 million in a round of funding from Grotech Ventures, TechOperators, and Alerion Ventures. The company will use the new round of funding for expanding headcount.

geo-demo

Urban data collection and analysis solutions company Local Logic has raised $1.2 million in a round of funding from Cycle Capital Management and Yellow Pages. The company will use the new round of funding for expanding its presence within North America.

healthcare

Medsource has acquired the Data Services division of biometrics technology company Datatrial. The acquisition will provide Medsource with a strengthened clinical research organization offering. Terms of the deal were not disclosed.

healthcare

Healthcare transactions platform PokitDok has acquired the pharmacy and software assets of Oration. The acquisition will provide PokitDok with expanded drug pricing analytics capabilities. Terms of the deal were not disclosed.

healthcare

Digital health startup Xealth has raised $8.5 million in a round of funding led by DFJ with participation from Providence Equity Partners, UPMC, and Hennepin Healthcare System. The company will use the new round of funding for expanding operations.

hr

UK-based workforce management software developer Selima has been acquired by business management software developer The Access Group. The acquisition will provide The Access Group with an expanded presence within the Retail and Hospitality sectors. Terms of the deal were not disclosed.

security

Encryption technology developer Fortanix has raised $8 million in a round of funding from Foundation Capital and NeoTribe. The company will use the new round of funding for research & development initiatives.

security

Open source software security company WhiteSource has raised $10 million in Series B funding led by 83North with participation from Microsoft Ventures and Greylock Partners. The company will use the new round of funding for product development efforts.

software development tools

Application integration solutions provider Kaazing has acquired application authoring platform Montage Studio. The acquisition will provide Kaazing with an expanded infrastructure integration offering. Terms of the deal were not disclosed.

information

financial information

GeoQuant, a developer of political risk measurement solutions for financial investors, has raised $4 million in a round of funding from Aleph and XL Innovate. The company will use the new round of funding for expanding its customer base.

business services

healthcare consulting

Great Hill Partners has completed a recapitalization of consumer navigation and care coordination company Quantum Health. The transaction will provide Quantum Health with the resources for expanding its geographic presence. Terms of the deal were not disclosed.

it consulting

Third-party risk management solutions company Prevalent has acquired cyber risk management services company Datum Security. The acquisition will provide Prevalent with an expanded geographic presence. Terms of the deal were not disclosed.

it consulting

Engineering and systems integration firm Innovative Software Engineering has been acquired by Trimble (Nasdaq:TRMB). The acquisition will provide Trimble with an expanded fleet safety and compliance service offering. Terms of the deal were not disclosed.

staffing

Healthcare staffing and workforce solutions company Cross Country Healthcare (Nasdaq:CCRN) has acquired travel nurse staffing company Advantage RN for $88 million. Advantage RN has reported LTM revenues for the period ended December 31 2016 of $100 million and LTM EBITDA of $10 million, representing an LTM revenue multiple of 0.8x and an LTM EBITDA multiple of 8.8x.

training

Supplier training solutions company BayGroup has been acquired by negotiation training company RED BEAR. The acquisition will provide RED BEAR with an expanded geographic presence. 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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