Daily Deal Activity 07/06/17

Digital Media/Commerce

digital marketplace

India-based online grocery marketplace Jumbotail has raised $8.5 million in a round of funding from Kalaari Capital and Nexus Venture Partners. The company will use the new round of funding for expanding operations.

ecommerce

Online travel agency Loco2 has been acquired by freight transportation services company SNCF Mobilities Group. The acquisition will provide SNCF with an expanded digital presence. Terms of the deal were not disclosed.

ecommerce

Singapore-based B-to-B eCommerce startup Moglix has raised $12 million in a round of funding from IFC, Rocketship, Accel Partners, and Jungle Ventures. The company will use the new round of funding for expanding its geographic presence.

ecommerce

China-based bike sharing company Ofo has raised $700 million in Series E funding from Alibaba, Hony Capital, CITIC Private Equity, Didi Chuxing, and DST Global. The company will use the new round of funding for expanding its presence within Asia.

gaming

Singapore-based casino platform FunFair has raised $26 million in a round of funding from BlockTower Capital and Pantera Capital. The company will use the new round of funding for building out its blockchain-based gaming technology.

digital advertising

affiliate/cpa network

Sports news and affiliate network Bettingpro.com has been acquired by Catena Media for $18 million. The acquisition will be complementary to Catena’s sports betting business. Financial information was not disclosed.

online lead generation

Senior care search and information platform A Place for Mom will be acquired by Silver Lake and General Atlantic from Warburg Pincus. The acquisition will see Silver Lake and General Atlantic hold equal stakes in the company. Terms of the deal were not disclosed.

marketing Technology

bi tools

Mi9 Retail, a provider of business intelligence solutions to retailers, has received an undisclosed strategic investment from General Atlantic. The company will use the investment proceeds for expanding marketing and sales initiatives.

Software

credit/risk

Risk data management and regulatory reporting technology company AxiomSL has received an undisclosed amount of funding from TCV. The company will use the investment proceeds for expanding product development efforts.

engineering

Germany-based engineering and distributed systems automation software nxtControl has been acquired by Schneider Electric. The acquisition will provide Schneider Electric with expanded capabilities for its Internet of Things portfolio. Terms of the deal were not disclosed.

financial

Archway Technology Partners, a provider of outsourced support services and software to the investment management and private wealth management industries, will be acquired by SEI Investments for $88 million. Archway has reported LTM revenue for the period ended December 31 2016 of $17.9 million and LTM EBITDA of $3.6 million, representing an LTM revenue multiple of 4.9x and an LTM EBTIDA multiple of 24.4x.

financial

Car shopping and financing facilitation platform AutoGravity has raised an undisclosed equity investment from VW Credit. The company will use the new round of funding for expanding digital experience initiatives.

financial

The Netherlands-based online billing and payment solutions company Buckaroo will be acquired by Blackfin Capital Partners. The acquisition will provide Buckaroo with the resources for expanding its presence internationally. Terms of the deal were not disclosed.

financial

Loan management technology provider Nostrum Group has been acquired by Equiniti Group. The acquisition will provide Equiniti with a strengthened presence within the lending sector. Terms of the deal were not disclosed.

financial, crm

Restaurant management platform Upserve has raised an undisclosed amount of funding from Vista Equity Partners, First Round Capital, and Pritzker Group Venture Capital. The company will use the new round of funding for expanding headcount.

hr

Comply365, a provider of compliance management solutions for the aviation sector, has raised an undisclosed amount of funding from Luminate Capital Partners. The company will use the new round of funding for expanding its presence internationally.

hr

Hourly workers hiring automation platform OnboardIQ has raised $9.1 million in Series A funding led by Origin Ventures with participation from SoftBank VC, Crosslink Capital, and Y Combinator. The company will use the new round of funding for expanding operations.

hr

France-based payroll management platform Payfit has raised $15.9 million in a round of funding led by Accel Partners with participation from Otium Ventures. The company will use the new round of funding for expanding its presence within Europe.

security

Email security solutions provider Fireglass has been acquired by Israel-based cybersecurity company Symantec. The acquisition will provide Symantec with a strengthened corporate email protection offering. Terms of the deal were not disclosed.

software development tools

Microservices technology company nanoscale.io has been acquired by API management company TIBCO Software. The acquisition will provide TIBCO with expanded microservices development capabilities. Terms of the deal were not disclosed.

business services

it consulting

IT enablement services company RES Software has been acquired by IT solutions company Ivanti. The acquisition will provide Ivanti with an expanded international presence. Terms of the deal were not disclosed.

it consulting

Federal agency IT services company NES Associates will be acquired by CSRA (NYSE:CSRA) for $105 million. The acquisition will provide CRSA with an expanded geographic presence. Financial information was 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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