Daily Deal Activity 07/11/17

Digital Media/Commerce

ecommerce

Direct-to-consumer eCommerce company Brandless has raised $35 million in a round of funding from New Enterprise Associates. The company will use the new round of funding for expanding its geographic presence.

gaming

Gaming development studio Velan Studios has raised $7 million in a round of funding from Velan Ventures. The company will use the new round of funding for launching new titles and expanding operations.

digital advertising

comparison shopping

China-based financial, telco, and utility products comparison platform CompareAsiaGroup has raised $50 million in Series B funding from IFC, Alibaba, SBI Group, Nova Founders Capital, and Route 66 Ventures. The company will use the new round of funding for expanding its presence within Asia.

marketing Technology

mrm/workflow management

Purchase order management solution SourceDay has raised $3.5 million in a round of funding led by Draper Associates with participation from Silverton Partners. The company will use the new round of funding for expanding its sales division.

marketing asset management

Wellspring has acquired Covalent Data, a provider of technology transfer and asset marketing solutions for business development professionals. The acquisition will see Covalent Data integrated into Wellspring enterprise offering. Terms of the deal were not disclosed.

mobile technology

Cintric, a developer of location data technology, has been acquired by mobile advertising solutions company UberMedia from The E.W. Scripps Company. The acquisition will provide UberMedia with strengthened location intelligence capabilities. Terms of the deal were not disclosed.

search & Discovery

Greece-based text-to-speech solutions company Innoetics has been acquired by Samsung in a transaction valued at less than a reported $50 million. The acquisition coincides with Samsung’s consumer services initiatives strategy. Financial information was not disclosed.

social technology

Social media influencer marketing platform Grapevine has acquired influencer scoring platform SocMetrics. The acquisition will provide Grapvine with an expanded influencer identification offering. Terms of the deal were not disclosed.

social technology

UK-based social influencer marketing and connection platform Tailify has raised an undisclosed amount of funding from Awin. The company will use the new round of funding for expanding its presence internationally.

traditional media

consumer book publishing

Bertelsmann will acquire a 22 percent stake in Penguin Random House from Pearson for $1 billion. The transaction values Penguin Random House at $4.5 billion, and will see Bertelsmann increase its stake in the company to 75 percent. Penguin Random House has reported LTM revenues for the period ended December 31 2016 of $3.4 billion and LTM EBITDA of $531 million, representing an LTM revenue multiple of 1.3x and an LTM EBITDA multiple of 8.4x.

Software

big data

Unstructured content analysis solution Ephesoft has raised $15 million in a round of funding from Mercato Partners. The company will use the new round of funding for product development and expanding operations.

cloud computing

Buoyant, a developer of open-source software for cloud native applications, has raised $10.5 million in a round of funding from Benchmark Capital, A Capital, Data Collective, and Fuel Capital. The company will use the new round of funding for expanding its engineering division.

data management

Disaster recovery solutions company Zetta has been acquired by Marlin Equity Partners. The acquisition will see Zetta merged with Marlin’s data protection portfolio company Arcserve. Terms of the deal were not disclosed.

engineering

Viking Venture has divested a 64 percent stake in Norway-based chemical information management software EcoOnline to Summa Equity in a transaction valuing the company at $42.9 million. Financial information was not disclosed.

financial

Digital mortgage robo-advisor MortgageGym has raised an undisclosed amount of funding from GoCompare. The company will use the new round of funding for building out its digital mortgage marketplace offering.

financial

France-based startup banking solutions company Qonto has raised $11.4 million in a round of funding from Valar Ventures and Alven Capital. The company will use the new round of funding for expanding operations.

healthcare

Genetic data solutions company Genoox has raised $6 million in a round of funding from Inimiti Capital Partners and Glilot Capital Partners. The company will use the new round of funding for research and development initiatives.

healthcare

Medical treatment software Mendel.ai has raised $2 million in a round of funding from DCM Ventures and Launch Capital. The company will use the new round of funding for platform development initiatives.

security

UK-based cybersecurity solutions company DarkTrace has raised $75 million in a round of funding from Insight Venture Partners, Summit Ventures, KKR, and TenEleven Ventures. The company will use the new round of funding for expanding operations.

security

Cloud security automation company HyTrust has raised $36 million in a round of funding from Advance Venture Partners, Sway Ventures, Epic Ventures, Cisco, Intel, and VMware. The company will use the round of funding for supporting its acquisition of data visibility and security startup DataGravity. Terms of the deal were not disclosed.

security

Malware protection platform Lastline has raised $28.5 million in Series C funding led by Thomvest Partners with participation from Redpoint Ventures and WatchGuard Technologies. The company will use the new round of funding for sales and marketing efforts.

security

Authentication solutions company Nok Nok Labs has raised $8 million in Series D funding led by Motorola Solutions Venture Capital with participation from DCM Ventures. The company will use the new round of funding for product development efforts.

security

Mobile-first security threat technologies company SKYcure has been acquired by Symantec Corporation (Nasdaq:SYMC). The acquisition will be complementary to Symantec’s existing mobile security offering. Terms of the deal were not disclosed.

information

engineering/scientific/tech information

Research search and discovery platform Sparrho has raised $3 million in a round of funding from White Cloud Capital, AllBright, and Beast Ventures. The company will use the new round of funding for expanding headcount.

healthcare information

Social detriment data platform Healthify has raised $6.5 million in a round of funding from BlueCross BlueShield Venture Partners and Primary Venture Partners. The company will use the new round of funding for expanding its social service partners network.

business services

financial consulting, database/analytics

Spence Johnson, a provider of data and analytics services to asset managers, has been acquired by Broadridge Financial Solutions (NYSE:BR). The acquisition will be complementary to Broadridge’s asset management client base. Terms of the deal were not disclosed.

healthcare consulting

Pharmaceutical consulting services company Certara has been acquired by EQT from Arsenal Capital Partners for a reported $850 million, including debt. The acquisition will provide Certara with the resources for expanding its international 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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