Daily Deal Activity 08/08/17

Digital Media/Commerce

digital marketplace

Carlypso, operator of a platform for buying and selling used cars, will be acquired by Carvana (NYSE:CVNA). The acquisition will provide Carvana with expanded local market data capabilities. Terms of the deal were not disclosed.

digital marketplace

Peer-to-peer fundraising platform Funraise has raised $3 million in a round of funding from Toba Capital. The company will use the new round of funding for product development initiatives and expanding headcount.

ecommerce

UAE-based ride-haling company Careem has raised an undisclosed amount of funding from Didi Chuxing. The company will use the new round of funding for expanding its presence within the Middle East.

ecommerce

UK-based online shaving supplies retailer Cornerstone has raised $4.5 million in a round of funding from Calculus Capital and private investors. The company will use the new round of funding for expanding operations.

ecommerce

Vacation property rentals network RedAwning.com has raised $40 million in a round of funding from Silversmith Capital Partners. The company will use the new round of funding for expanding its presence within the US.

niche content

Millennial-focused video network The Young Turks has raised $20 million in a round of funding from 3L Capital, Greycroft Partners, e.ventures, and private investors. The company will use the new round of funding for expanding content creation efforts.

marketing Technology

analytics & targeting

Product portfolio optimization and insights system Signals Analytics has raised $25 million in Series C funding led by Sequoia Capital, Pitango Ventures, and Qumra Capital. The company will use the new round of funding for expanding its presence internationally.

mrm/workflow managment

Secure PDF and document solutions company Foxit Corporation has acquired competitor CVISION Technologies. The acquisition will provide Foxit with an expanded customer base. Terms of the deal were not disclosed.

content delivery network, digital video

Disney has acquired a 42 percent majority stake in Major League Baseball online streaming platform BAMTec. The acquisition will see Disney end its agreement with Netflix and begin direct-to-consumer initiatives. Financial information was not disclosed.

content delivery network

Video management and streaming platform Sherpa has raised $5.5 million in Series A funding from Benhamou Global Ventures and Rally Ventures. The company will use the new round of funding for product development.

market research

Customer experience research firm Service Management Group has acquired marketing research services company Catalyst Healthcare Research. The acquisition will provide Service Management with an expanded offering for its healthcare clients. Terms of the deal were not disclosed.

sem/seo tools

UK-based SEO performance solutions company DeepCrawl has raised $2.3 million in a round of funding from Beringea. The company will use the new round of funding for expanding operations internationally.

social technology

Social media marketing and consulting services company Converseon has raised $5 million in a round of funding from private investors. The company will use the new round of funding for scaling is SaaS-based technology.

agency & marketing services

experiential marketing

Destination management services provider AlliedPRA will be acquired by CI Capital Partners from Core Capital Partners. The acquisition will provide AlliedPRA with the resources for expanding its geographic presence. Terms of the deal were not disclosed.

specialty agency

Video production and editing services company Fourth Wall Productions has been acquired by CenterTable. The acquisition will provide CenterTable with an expanded video content offering. Terms of the deal were not disclosed.

traditional media

entertainment media

Theatrical motion picture company Open Road Films will be acquired by Tang Media Partners from AMC Entertainment and Regal Entertainment Group. The acquisition will provide Open Road Films with the resources for distributing new content. Terms of the deal were not disclosed.

Software

big data

Unstructured data threat anticipation company Kyndi has raised $8.5 million in a round of funding from PivotNorth Capital, Darling Ventures, and Citrix Systems. The company will use the new round of funding for hiring talent.

erp

Warehouse management and manufacturing automation solutions company Scanco Software has acquired enterprise resource planning solution provider Synergistic Software. The acquisition will provide Scanco with an expanded Field Service offering. Terms of the deal were not disclosed.

geo-demo

Vista Equity-backed Xactly will acquire territory planning and management software developer AlignStar. The acquisition will see AlignStar integrated into Xactly’s sales performance management offering. Terms of the deal were not disclosed.

geo-demo, big data

Geospatial big-data company Planet OS will be acquired by Intertrust Technologies. The acquisition will provide Intertrust with an expanded engineering division within Europe. Terms of the deal were not disclosed.

financial

Home rental insurance solutions company Jetty has raised $11.5 million in a round of funding led by Valar Ventures with participation from Ribbit Capital, BoxGroup, and SV Angel. The company will use the new round of funding for expanding its marketing division.

healthcare

PRA Health Sciences (Nasdaq:PRAH) has acquired life sciences analytics and consulting services company Symphony Health Solutions for $530 million. The acquisition will provide PRA with an expanded data analytics offering. Financial information was not disclosed.

legal

Legal and knowledge management software developer Handshake Software has been acquired by firm management software developer Aderant. The acquisition will provide Aderant with and expanded offering for the legal vertical. Terms of the deal were not disclosed.

security

Network security solutions company WatchGuard Technologies has acquired authentication solutions company Datablink. The acquisition will provide WatchGuard with an expanded offering for SMBs. Terms of the deal were not disclosed.

software development tools

Software execution environment platform MagicCube has raised $8.5 million in a round of funding from Bold Capital Partners, Epic Ventures, and Social Starts. The company will use the new round of funding for expanding its presence within the Internet of Things sector.

information

product/price information, digital marketplace

Pro.com, operator of an online marketplace for homeowners to price projects, has raised $10 million in a round of funding led by DFJ with participation from Maveron, Madrona Venture Group, and Two Sigma Ventures. The company will use the new round of funding for expanding its geographic presence.

business services

it consulting

Accenture has acquired Brazil-based Lean and Agile software development company Concrete Solutions. The acquisition will provide Accenture Interactive with an expanded presence within Brazil. Terms of the deal were not disclosed.

logistics

Same-day logistics services company Darkstore has raised $1.4 million in a round of funding from PivotNorth. The company will use the new round of funding for expanding its geographic presence within North America.

management consulting

UK-based management consulting firm Credo Business Consulting has been acquired by Teneo Holdings. The acquisition will provide Teneo with an expanded international 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.

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