Daily Deal Activity 05/31/18

Digital Media/Commerce 

ecommerce

Consumer audio company Aiwa Corporation has raised $2.7 million in a round of funding from Fairlane Funds and Dormitus Ventures. The company will use the new round of funding for expanding its presence internationally. 

ecommerce

Home-buying and selling platform FlyHomes has raised $17 million in a round of funding from Andreessen Horowitz. The company will use the new round of funding for expanding its presence within the US. 

ecommerce, mobile content/apps

In-home assistant service Hello Alfred has raised $40 million in a round of funding from New Enterprise Associates, Divco West, Spark Capital, and Invesco. The company will use the new round of funding for product development.

mobile content/apps, financial

Micro-investing application developer Crumbs Technologies has been acquired by blockchain-based financial services company Metal Pay. The acquisition will provide Metal Pay with an expanded mobile investment offering. Terms of the deal were not disclosed.

mobile content/apps

SMS-ENGINE, developer of a platform for playing the lottery via text message, has been acquired by lottery messenger service LottoGopher. The acquisition will provide LottoGopher with an expanded digital offering. Terms of the deal were not disclosed.

niche content

Fashion, beauty, and entertainment news website Chic News has been acquired by Korea-based entertainment and media company The E&M. The acquisition will provide The E&M with an expanded portfolio of digital properties. Terms of the deal were not disclosed.

digital advertising 

local search

Local event and activities discovery platform Events High has been acquired by India-based budget hotel chain Treebo Hotels. The acquisition will provide Treebo with an expanded user network. Terms of the deal were not disclosed. 

Marketing Technology 

analytics & Targeting, search & discovery

Jetlore, a developer of data analytics and semantics solutions for social content, has been acquired by PayPal (Nasdaq:PYPL). The acquisition will see Jetlore integrated into PayPal Marketing Solutions. Terms of the deal were not disclosed.

media management system

Bubbl, a provider of interactive video solutions for media platforms and online publishers, has been acquired by Cricket Media. The acquisition will be complementary to Cricket’s portfolio of media brands. Terms of the deal were not disclosed. 

sfa/lead management

Enterprise sales solution company Dooly.ai has raised $2 million in a round of funding from ScaleUP Ventures, Panache Ventures, Pallasite Ventures, and New Avenue Capital. The company will use the new round of funding for hiring talent. 

social technology

Athlete brand protection and recruitment solution Avrij has raised $1.2 million in a round of funding from Technology Venture Corporation. The company will use the new round of funding for product development initiatives. 

teleservices/eservices

Consumer relations software company Wilke Global has been acquired by consumer engagement technologies provider Astute Solutions. The acquisition will provide Astute with an expanded offering for CPG brands. Terms of the deal were not disclosed. 

agency & Marketing services

digital agency, sem/seo tools

AvenueHQ, provider of a website and digital marketing services for estate agents, has raised $4.5 million in a round of funding from VFF and Pallasite Ventures. The company will use the new round of funding for expanding operations. 

digital agency

Fire Without Smoke, a provider of creative and marketing services to game publishers, has been acquired by Keywords Studios. The acquisition will provide Keywords with an expanded geographic presence. Terms of the deal were not disclosed.

loyalty/retention

India-based payment, loyalty, and retail automation systems company Pine Labs has raised $125 million in a round of funding from PayPal and Temasek. The company will use the investment proceeds for expanding its presence within Southeast Asia.

 traditional media 

consumer book publishing

Children’s book publisher Smart Kidz Books has been acquired by literature publisher Whitaker House. The acquisition will provide Whitaker with an expanded presence within the K-12 literature publishing space. Terms of the deal were not disclosed.  

Software

application management, infrastructure

Network performance management software company Packet Design has been acquired by Ciena Corporation. The acquisition will provide Ciena with expanded Layer 3 network optimization capabilities. Terms of the deal were not disclosed.

cloud computing

Edge device cloud computing and AI company Kneron has raised $18 million in a round of funding from Horizons Ventures. The company will use the new round of funding for expanding product development initiatives.

cloud computing, search & discovery

China-based artificial intelligence company SenseTime has raised $620 million in a round of funding from Fidelity International, Hopu Capital, Silver Lake, and Tiger Global. The new investment is additional to the $600 million round of funding the company received in April 2018.

collaboration

Teamwork solutions company Klaxoon has raised $50 million in a round of funding from Idinvest Partners, Bpifrance, and White Star Capital. The company will use the new round of funding for research and development efforts.

data management

Battery intelligence and data management software solution Voltaiq has raised $6.6 million in a round of funding from Anzu Partners, Bee Partners, SJF Ventures, and UL Ventures. The company will use the new round of funding for platform development efforts.

engineering

Fracta, a developer of software solutions for the water utility industry, has been acquired by water treatment solutions company Kurita for a reported $37 million. The acquisition will provide Kurita with an expanded customer base. Financial information was not disclosed. 

erp

Ridecell, a developer of solutions for autonomous fleet operators, has raised $28.6 million in a round of funding from Cox Automotive, Initialized Capital, and Penske. The company will use the new round of funding for expanding its engineering division.

financial, infrastructure

Blockchain settlement solutions company Paxos has raised $65 million in a round of funding from Liberty City Ventures, RRE Ventures, and private investors. The company will use the new round of funding for expanding operations. 

financial

Risk management and financial analysis solutions provider Sopra Banking Software has acquired  France-based O.R. System. Terms of the deal were not disclosed.

healthcare

Doctor-patient data sharing platform Curai has raised $10.7 million in a round of funding from General Catalyst and Khosla Ventures. The company will use the new round of funding for expanding its engineering division. 

hr

Live org chart software company Pingboard has raised $5 million in a round of funding from Active Capital, Silverton Partners, and Capital Factory. The company will use the new round of funding for expanding its presence internationally. 

security

Cybersecurity solutions company CyberInt has raised $18 million in a round of funding from Viola Growth. The company will use the new round of funding product development and expanding operations. 

security

Cyber resilience and risk management platform CyberSaint Security has raised $3 million in a round of funding from Audeo Capital and BlueIO. The company will use the new round of funding for expanding its sales division. 

security

Identity verification solutions company Dealflo has been acquired by authentication and digital signature solutions firm VASCO Data Security. The acquisition will provide VASCO with an expanded presence within the UK. Terms of the deal were not disclosed.

security, application management

Thoma Bravo has acquired a majority stake in security information and event management solutions company LogRhythm. The acquisition will provide LogRhythm with the resources for expanding operations. Terms of the deal were not disclosed.

security

Signifyd, a developer of fraud protection solutions for eCommerce businesses, has raised $100 million in a round of funding from Premji Invest, Bain Capital Ventures, Menlo Ventures, American Express Ventures, and IA Ventures. The company will use the new round of funding for expanding its presence internationally.

software development tools

API standardization resource Polybit has raised $4 million in a round of funding from Stripe and private investors. The company will use the new round of funding for product and ecosystem development initiatives. 

information 

financial information

Leveraged finance and distressed debt analysis company Fulcrum Financial Data has been acquired by Hearst. The acquisition will see Fulcrum Financial integrated into Fitch Ratings. Terms of the deal were not disclosed. 

business services 

it consulting

Federal government technical services provider LinQuest Corporation has been acquired by CoVant Management and Madison Dearborn Partners. The acquisition will provide LinQuest with the resources for expanding its security services offering. Terms of the deal were not disclosed. 

it consulting

IT consulting and workflow management services company TGO Consulting has been acquired by business software services firm SHEA Solutions. The acquisition will provide SHEA Solutions with an expanded presence geographically. Terms of the deal were not disclosed. 

it consulting

Cloud architecture solutions company Todo en Cloud has been acquired by France-based document automation solutions company Tessi. The acquisition will provide Tessi with an expanded implementation services offering. Terms of the deal were not disclosed.

training

Workforce acceleration platform Trilogy Education has raised $50 million in a round of funding from Highland Capital Partners, Macquarie Capital, Exceed Capital, and Triumph Capital. The company will use the new round of funding for expanding its presence internationally.

About Petsky Prunier
Petsky Prunier is one of the leading investment banks to the technology, media, marketing, eCommerce, and healthcare industries. Our firm's merger and acquisition and private placement 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. We offer global reach supplemented through our partnerships in China and India. 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 )

Connecting to %s

%d bloggers like this: