Daily Deal Activity 07/26/17

Digital Media/Commerce

digital marketplace

Student rentals marketplace Loftsmart has raised $2.8 million in a round of funding from Tribeca Venture Partners. The company will use the new round of funding for expanding its presence within the US.

ecommerce

Food subscription service Bestowed has been acquired by food and personal care products company UrthBox. The acquisition will provide UrthBox with an expanded customer base. Terms of the deal were not disclosed.

ecommerce

India-based hotels platform FabHotels.com has raised $25 million in Series B funding from Accel Partners and Goldman Sachs. The company will use the new round of funding for expanding its geographic presence.

ecommerce

Online luxury goods reseller Rebagg has raised $15.5 million in Series B funding led by General Catalyst and Novator with participation from FJ Labs, Crosslink Capital, and Kloof Capital. The company will use the new round of funding for hiring talent.

ecommerce

India-based eCommerce company Flipkart will acquire competitor Snapdeal in a transaction valued at upwards of a reported $950 million. The acquisition will provide Flipkart with an expanded domestic user base. Snapdeal was valued at a reported $6.5 billion as recently as July 2016. Financial information was not disclosed.

marketing Technology

analytics & targeting

Market intelligence and competition analytics company BrandTotal has raised $2 million in a round of funding from Glilot Capital Partners and Dick Clark Productions. The company will use the new round of funding for expanding operations.

ad serving

Native demand-side platform Zemanta will be acquired by content discovery platform Outbrain. The acquisition will expand Zemanta’s international presence while providing Outbrain with expanded native ad supply access. Terms of the deal were not disclosed.

commerce management

End-to-end eCommerce solution GearLaunch has raised $4.8 million in a round of funding from Hunt Technology Ventures. The company will use the new round of funding for product development initiatives.

crm

Social customer relationship management solution DGM59 has been acquired by messaging apps developer Line Corporation. The acquisition will be complementary to Line’s engineering division. Terms of the deal were not disclosed.

mrm/workflow management

Digital adoption and contextual guidance solutions platform WalkMe has raised $75 million in a round of funding from Insight Venture Partners. The company will use the new round of funding for exploring potential strategic acquisition opportunities.

product/price software

Rental home owners pricing intelligence company Smart Host has been acquired by vacation rental technology company Beyond Pricing. The acquisition will provide Beyond Pricing with an expanded competitor benchmarking offering. Terms of the deal were not disclosed.

search & discovery

Aiqudo, a developer of voice command technology for mobile apps, has raised $5.2 million in Series A funding from Atlantic Bridge Capital. The company will use the new round of funding for acquiring machine learning technology company Sophia. Terms of the deal were not disclosed.

sfa/lead management

Sales intelligence platform RepIQ has raised $1.1 million in a round of funding from Pritzker Group Venture Capital and Amicus Capital. The company will use the new round of funding for product development.

agency & marketing services

experiential marketing

Experiential marketing agency Phoodie has been acquired by retail merchandising solutions company BASEMAKERS. The acquisition will provide BASEMAKERS with an expanded product trials offering. Terms of the deal were not disclosed.

general agency

France-based offline advertising services provider Adwanted has been acquired by advertising agency Affinity Media. The acquisition will provide Affinity Media with an expanded international presence. Terms of the deal were not disclosed.

Software

application management

Arrayent, developer of a connected product delivery platform for consumer brands, has been acquired by Internet of Things services company Prodea. The acquisition will be complementary to Prodea’s IoT performance monitoring solution. Terms of the deal were not disclosed.

cloud computing

Commercial apps computing solution IonQ has raised $20 million in Series B funding led by New Enterprise Associates with participation from Google Ventures. The company will use the new round of funding for expanding operations.

erp

Fulfillment automation software developer 6 River Systems has raised $15 million in a round of funding from Norwest Venture Partners, Eclipse VC, and iRobot. The company will use the new round of funding for expanding operations.

financial

Personal finances digital assistant company Cleo has raised $2.6 million in a round of funding from LocalGlobe. The company will use the new round of funding for expanding its marketing and engineering divisions.

financial

Sage Group will acquire accounting software developer Intacct for $850 million. The acquisition will be complementary to Sage’s cloud financial management offering. Intacct has reported LTM revenues for the period ended June 30 2017 of $88 million, representing an LTM revenue multiple of 9.7x.

financial

Payments processing and facilitation technology developer Marqeta has received a $25 million strategic investment from Visa. The company will use the new round of funding for expanding its engineering division.

financial, crm

Restaurant management and point-of-sale platform Toast has raised $101 million in a round of funding from Bessemer Venture Partners, Generation Investment Management, and Lead Edge Capital. The company will use the new round of funding for expanding headcount.

healthcare

Wellness tracking software developer B-Secur has raised $4.5 million in a round of funding from Accelerated Digital Ventures and Kernel Capital. The company will use the new round of funding for expanding its presence internationally.

hr

Human resources and payroll solutions provider Carval has been acquired by Civica Group. The acquisition will be complementary to Civica’s business critical applications portfolio. Terms of the deal were not disclosed.

hr, training

SaaS-based restaurant employee learning and engagement platform Wisetail has been acquired by training services company Alchemy Systems. The acquisition will provide Alchemy with an expanded presence within the restaurant and retail sectors. Terms of the deal were not disclosed.

security

Security and eDiscovery software provider Guidance Software (Nasdaq:GUID) has been acquired by OpenText (Nasdaq:OTEX) in a transaction valued at $222 million. The acquisition of $7.10 per Guidance Software share represents a premium of 3 percent over the company’s July 25 closing price. Guidance has reported LTM revenues for the period ended March 31 2017 of $111.5 million, representing an LTM revenue multiple of 2.0x.

security

China-based security software developer HanSight has raised $14 million in Series B funding from CASH Capital and IDG Capital. The company will use the new round of funding for expanding research and development efforts.

business services

it consulting

Cloud communications consultancy ITAV has been acquired by audio-video design and consulting services provider Connect. The acquisition will provide Connect with an expanded geographic presence. Terms of the deal were not disclosed.

it consulting

Managed IT services provider TLS.NET has been acquired by Konica Minolta Business Solutions. The acquisition will be complementary to Konica’s All Covered IT Services division. Terms of the deal were not disclosed.

training

India-based online education services company BYJU has raised an undisclosed amount of funding at a reported valuation of $800 million from Tencent. The company will use the new round of funding for expanding its presence within Asia.

training

China-based English language education company Liulishuo has raised $100 million in Series C funding led by China Media Capital with participation from Trustbridge Partners, IDG Capital, GGV Capital, and Hearst Ventures. The company will use the new round of funding for expanding its user base.

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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