Daily Deal Activity 07/21/17

Digital Media/Commerce

ecommerce, mobile content/apps

Mobile shopping app Dote has raised $7.2 million in a round of funding from Lightspeed Venture Partners. The company will use the new round of funding for product development initiatives while expanding operations.

mobile content/apps, financial

Online financial advisor Betterment has raised $70 million in a round of funding led by Kinnevik with participation from Bessemer Venture Partners, Menlo Ventures, and Francisco Partners. The company will use the new round of funding for product development efforts.

mobile content/apps

Local foods marketplace WhatsGood has acquired in-store supply chain transparency apps developer Pippin Foods. The acquisition will provide WhatsGood with expanded digital content offerings. Terms of the deal were not disclosed.

marketing Technology

bi tools, data management

Data visualization solutions and vertical search engines developer Graphiq has been acquired by Amazon for a reported $50 million. Graphiq had previously raised more than $33 million to date. Financial information was not disclosed.

commerce management

Parthenon Capital Partners has sponsored a recapitalization of ticketing software developer eTix. The company will use the transaction proceeds for acquiring competitor ExtremeTix in a transaction valued at $16.5 million. Financial information was not disclosed.

email/messaging software

India-based personal assistant chatbot company Joe Hukum has been acquired by help desk services company Freshworks. The acquisition will provide Freshworks with the resources for launching its own chatbot service. Terms of the deal were not disclosed.

agency & marketing services

digital agency

Video and multimedia content services company DP Digital Media has been acquired by public relations firm System2. The acquisition will provide System2 with expanded video communications capabilities. Terms of the deal were not disclosed.

promotion agency

Consumer electronics marketing and sales solutions company ActionLink has been acquired by Acosta. The acquisition will provide Acosta with an expanded presence within the consumer electronics industry. Terms of the deal were not disclosed.

traditional media

consumer book publishing

Progressive books and current affairs publisher Berrett-Koehler Publishers has acquired the publishing division of Management Concepts. The acquisition will provide Berrett-Koehler with an expanded publishing catalog. Terms of the deal were not disclosed.

Software

erp

India-based fleet management and GPS tracking systems developer AssetTracker has been acquired by WABCO. The acquisition will provide WABCO with an expanded international presence. Terms of the deal were not disclosed.

financial

Consumer debt management solutions and analytics company Borrowell has raised $9.6 million in equity funding from Portag3 Ventures and White Star Capital. The company will use the new round of funding for expanding operations.

financial

Private equity group Permira has invested $250 million in exchange for a 10 percent stake in Sweden-based payments solutions company Klarna. As part of the deal, General Atlantic and DST Global have sold their stakes in the company. Financial information was not disclosed.

financial

UK-based online wallet and pre-paid cashcards company Paysafe has acquired competitor Merchants’ Choice Payments Solutions for $430 million. The acquisition will provide Paysafe with an expanded presence within the US. Financial information was not disclosed.

financial

Capital markets big data company TickSmith has raised $1.6 million in a round of funding from Illuminate Financial Management. The company will use the new round of funding for product development initiatives.

geo-demo

Maps and computer vision software company Lvl5 has raised $2 million in a round of funding from 9Point Ventures. The company will use the new round of funding for expanding research and development efforts.

healthcare

Medical animation solutions company Random42 has been acquired by Graphite Capital. The acquisition will provide Random42 with the resources for expanding its presence internationally. Terms of the deal were not disclosed.

legal

Ridge Road Capital Partners-backed case management software developer TrialWorks has acquired competitor Needles. The acquisition will provide TrialWorks with an expanded client base. Terms of the deal were not disclosed.

security

Information security company Perch Security has raised an undisclosed amount of funding from Fishtech Group. The company will use the new round of funding for expanding sales and marketing efforts.

business services

it consulting

India-based IT services provider Persistent Systems has acquired Switzerland-based Salesforce partner PARX for $16.9 million. The acquisition will provide Persistent Systems with an expanded geographic presence. Financial information was not disclosed.

training

Driver safety training company Driving Dynamics has been acquired by Delancy Street Capital Partners. The acquisition will provide Driving Dynamics with the resources for expanding its 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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: