Daily Deal Activity 06/15/17

Digital Media/Commerce

digital marketplace

Online used equipment auction site operator Advanced Auction Company has been acquired by TAGeX Brands. The acquisition will provide complementary to TAGeX’s RestaurantEquipment.bid brand. Terms of the deal were not disclosed.

ecommerce

UAE-based ride sharing company Careem has raised $150 million in a round of funding from Kingdom Holding, Daimler, DCM Ventures, and Coatue Management. The company will use the new round of funding for expanding its geographic presence.

ecommerce

Korea-based e-book service Ridibooks has raised $20 million in Series C funding from Praxis Capital Partners, ShinHan Finance Investment, and Company K Partners. The company will use the new round of funding for expanding its user base.

gaming

Free-to-play interactive network Scopely has raised $60 million in a round of funding led by Revolution Growth, Greenspring Associates, Sands Capital Ventures, and Pritzker Group Venture Capital. The company will use the new round of funding for exploring potential acquisition opportunities.

gaming

Social media marketing agency Social Chain has acquired the gaming portfolio of digital media properties operator DEVISE. The acquisition will provide Social Chain with an expanded network of game-related websites and channels. Terms of the deal were not disclosed.

digital advertising

comparison shopping, niche content

DepositAccounts.com, operator of comparison platform for the depository industry, has been acquired by LendingTree (Nasdaq:TREE) for $33 million. The acquisition will provide LendingTree with an expanded financial products shopping offering. Financial information was not disclosed.

mobile marketing

Mobile marketing startup Mobkoi has been acquired by You & Mr Jones. The acquisition will provide Mobkoi with the resources for expanding its geographic presence internationally. Terms of the deal were not disclosed.

marketing Technology

analytics & Targeting, CRM

Account-based marketing solutions company Zen-IQ has raised $4.6 million in a round of funding from Costanoa Ventures and Salesforce Ventures. The company will use the new round of funding for product development.

analytics & Targeting

Customer interactions analytics platform ZineOne has raised $2.5 million in a round of funding from Golden Seeds Angels. The company will use the new round of funding for product development initiatives.

mrm/workflow management

Dispatch, provider of a scheduling platform for the home services industry, has raised $12 million in a round of funding from Grandbanks Capital, ServiceMaster, Assurant, Liberty Mutual Strategic Ventures, and Salesforce Ventures. The company will use the round of funding for expanding operations.

mrm/workflow management

SaaS-based marketing campaign templates company Torchlite has raised $2 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding headcount.

sfa/lead management

Sales enablement platform Highspot has raised $15 million in Series B funding led by Shasta Ventures with participation from Salesforce Ventures and Madrona Venture Group. The company will use the new round of funding for platform development efforts.

social technology            

Germany-based tourism industry reviews management company TrustYou has been acquired by Recruit Holdings. The acquisition will provide TrustYou with the resources for expanding its presence internationally. Terms of the deal were not disclosed.

agency & marketing services

marketing consulting

UK-based behavioral insights consulting company Behave has been acquired by digital transformation solutions company Rainmaker Solutions. The acquisition will provide Rainmaker with expanded design capabilities. Terms of the deal were not disclosed.

social agency     

Advertising formats and social marketing services company Kpsule has been acquired by Sublime Skinz. The acquisition will provide Sublime with an expanded geographic presence. Terms of the deal were not disclosed.

Software

big data

Big data processing platform Conviva has raised $40 million in a round of funding from Future Fund, New Enterprise Associates, Foundation Capital, and Time Warner Investments. The company will use the new round of funding for sales and marketing efforts.

cloud computing

France-based Shadow, a developer of cloud computing solutions for gamers, has raised $57.1 million in a round of funding from undisclosed investors. The company will use the new round of funding for expanding its engineering division.

credit/risk

Digital personal insurance platform Covr Financial Technologies has raised $5 million in a round of funding from Nyca Partners, Commerce Ventures, and Contour Venture Partners. The company will use the new round of funding for hiring talent.

data management

Server monitoring software developer Continuum has been acquired by Thoma Bravo from Summit Partners. The acquisition will provide Continuum with the resources for product development initiatives. Terms of the deal were not disclosed.

healthcare

Digital behavior medicine company Omada Health has raised $50 million in a round of funding led by Cigna with participation from Civilization Ventures, Andreessen Horowitz, Norwest Venture Partners, and GE Ventures. The company will use the new round of funding for research & development efforts.

hr

Employee feedback platform Culture Amp has raised $20 million in a round of funding led by Sapphire Ventures with participation from Index Ventures, Felicis Ventures, and Blackbird Ventures. The company will use the new round of funding for expanding its presence internationally.

hr

Staffing and recruitment software developer Erecruit Holdings will be acquired by Symphony Technology Group-backed Bond International Software. The acquisition will provide Bond International with an expanded customer base. Terms of the deal were not disclosed.

security

FraudScope, a developer of SaaS-based solutions for preventing healthcare billing claims fraud, has raised $1.5 million in a round of funding from Spider Capital and GRA Venture Fund. The company will use the new round of funding for expanding its customer base.

security

Cyber threat detection platform Sqrrl Data has raised $12.3 million in a round of funding from Spring Lake Equity Partners, Matrix Partners, Rally Ventures, and Accomplice. The company will use the new round of funding for expanding operations.

security

Access control solutions company UniKey Technologies has raised an undisclosed amount of funding from ff Venture Capital, Asset Management Ventures, and Samsung NEXT. The company will use the new round of funding for expanding its engineering division.

business services

bpo

Warburg Pincus has acquired a 43 percent stake in India-based engineering outsourcing services provider Tata Technologies in a transaction valuing the company at $837 million. Financial information was not disclosed.

bpo

Cognizant has acquired the TMG Health Medicare business process services subsidiary of Health Care Service Corporation. The acquisition will be complementary to Cognizant’s business process-as-a-service solution offering. Terms of the deal were not disclosed.

healthcare consulting

Regroup Therapy, a provider of virtual staffing solutions for health companies, has raised $6 million in Series A funding from OSF Ventures, OCA Ventures, HLM Venture Partners, and Impact Engine. The company will use the new round of funding for expanding its psychiatrists network.

it consulting

Cybersecurity and risk management services company Delta Risk has raised an undisclosed amount of growth capital funding from The Chertoff Group. The company will use the new round of funding for expanding sales and marketing efforts.

it consulting

H.I.G. Capital has acquired digital transformation services and IT solutions company Trace3. The acquisition will provide Trace3 with the resources for expanding its client base. Terms of the deal were not disclosed.

training, healthcare software

Virtual reality surgery training company Osso VR has raised $2 million in a round of funding from SignalFire and Anorak Ventures. The company will use the new round of funding for expanding operations.

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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