Archive | October, 2015

A matter of survival

After acquiring a string of sports startups (SportsSignup,, iScore Sports) mid this year, Time Inc., the largest magazine publisher in the United States, continued its shopping spree by acquiring Zooey Deschanel’s pop culture website HelloGiggles last week and two more lifestyle websites XoJane and XoVain this week. The acquisitions underscore the company’s efforts to massively grow its digital audience. As consumers continue to migrate to reading on tablets and smartphones, the publishing giant has endured declining print circulation and advertising revenue. As a result, it had to beef up its digital services. By investing heavily in digital media and finding creative ways to distribute its content on multiple platforms, Time Inc. aims to arrest a slow and steady decline.

Weekly Update – October 27, 2015

      Total Deal Value (USD) – $4,296,901,172          Total Deal Number – 101

Deal No.Amount Paid (USD)CompanyInvestor/BuyerSectorDeal Type
1$1,400,000,000Electronic Funds SourceWEXTransactionsAcquisition
3$700,000,000Yidao YongcheLe TVTransactionsInvestment
4$150,000,000AnsibleRed HatSoftware & ServicesAcquisition
5$81,000,000Collective HealthConsortiumTransactionsInvestment
6$80,000,000BenaissanceWEXSoftware & ServicesAcquisition
7$70,000,000Noah ConsultingInfosysSoftware & ServicesAcquisition
8$60,000,000Aeryon LabsSummit PartnersHardware & InfrastructureInvestment
9$38,331,125Playful UndisclosedGamesInvestment
10$37,500,000NumerifyConsortiumSoftware & ServicesInvestment
11$31,000,000InsureonOak HC/FT, AccretiveTransactionsInvestment
12$30,000,000Hello GigglesTimeMediaAcquisition
13$30,000,000Pyramid AnalyticsViola Private Equity, Sequoia CapitalSoftware & ServicesInvestment
14$28,000,000Poynt ConsortiumSoftware & ServicesInvestment
15$22,000,000illusive networks ConsortiumSoftware & ServicesInvestment
16$20,000,000Clavis Insight Accel-KKRSoftware & ServicesInvestment
18$17,000,000adjustHighland EuropeSoftware & ServicesInvestment
19$16,000,000ZeroStack ConsortiumSoftware & ServicesInvestment
20$15,000,000BetabrandMorgan Stanley, Foundry GroupTransactionsInvestment
22$15,000,000Stitch Labs Triangle Peak PartnersSoftware & ServicesInvestment
23$15,000,000Zignal LabsConsortiumSoftware & ServicesInvestment
24$14,000,000WaveCrest GroupVesuvius VenturesTransactionsInvestment
25$11,500,000Skills Fund UndisclosedTransactionsInvestment
26$11,000,000Conversocial ConsortiumMediaInvestment
27$10,000,000Attune TechnologiesQualcomm Ventures, Norwest Venture PartnersSoftware & ServicesInvestment
28$10,000,000Red PeachQuest Ventures LPEcommerceInvestment
29$10,000,000ScalusConsortiumSoftware & ServicesInvestment
30$9,500,000Citus DataConsortiumSoftware & ServicesInvestment
31$9,500,000Periscope DataConsortiumSoftware & ServicesInvestment
32$9,000,000ClutterSequoia CapitalTransactionsInvestment
33$9,000,000Surgical Theater HTC Corporation, Shanghai Creation Investment ManagementSoftware & ServicesInvestment
34$8,000,000WorthyCarmel VenturesTransactionsInvestment
35$7,700,000Cube26Tiger Global Management, FlipkartSoftware & ServicesInvestment
36$7,000,000Kaleo SoftwareConsortiumSoftware & ServicesInvestment
37$7,000,000TinderBoxConsortiumSoftware & ServicesInvestment
38$6,000,000Phenom PeopleSierra VenturesTransactionsInvestment
39$5,500,000Mouth FoodsConsortiumEcommerceInvestment
41$4,000,000inMediataHealthQuest CapitalTransactionsInvestment
42$4,000,000SolineaConsortiumSoftware & ServicesInvestment
44$3,500,000RedoxConsortiumSoftware & ServicesInvestment
45$3,500,000Sweeten ConsortiumTransactionsInvestment
46$3,400,000Allay ConsortiumSoftware & ServicesInvestment
47$3,400,000RooyFormation 8, Korea Investment PartnersEcommerceInvestment
49$3,000,000CytegicConsortiumSoftware & ServicesInvestment
51$2,299,867TelecticImperial Innovations GroupSoftware & ServicesInvestment
52$2,250,000SimilityConsortiumSoftware & ServicesInvestment
53$2,241,920Pin Payments Vix InvestmentsTransactionsInvestment
54$2,000,000ImplyKhosla VenturesSoftware & ServicesInvestment
55$2,000,000Parkifi ConsortiumTransactionsInvestment
56$2,000,000RolloutConsortiumSoftware & ServicesInvestment
57$1,800,000Terminus ConsortiumSoftware & ServicesInvestment
58$1,700,000SquadLerer Hippeau Ventures, First Round CapitalMobile & AppsInvestment
61$1,100,000RevBoss ConsortiumSoftware & ServicesInvestment
62$1,000,000The18 UndisclosedMediaInvestment
63$875,000AmpyConsortiumHardware & InfrastructureInvestment
64$551,700Meritocracy United VenturesTransactionsInvestment
66UndisclosedAlthea 500 StartupsEcommerceInvestment
67UndisclosedApptiveUnbound CommerceMobile & AppsAcquisition
69UndisclosedAugustPublicis WorldwideMarketingAcquisition
70UndisclosedBeamlyCoty Inc.MarketingAcquisition
72UndisclosedBizongo Accel PartnersTransactionsInvestment
73UndisclosedCabbyGo UndisclosedMobile & AppsInvestment
74UndisclosedCie Digital LabsAnderee BerengianSoftware & ServicesInvestment
75UndisclosedClearCode LabsVersionOneSoftware & ServicesAcquisition
76UndisclosedCurbUndisclosedHardware & InfrastructureInvestment
77UndisclosedDatamyx DeluxeMarketingAcquisition
78UndisclosedDigisferaGoogleSoftware & ServicesAcquisition
79UndiscloseddoxIQNitroSoftware & ServicesAcquisition
80UndisclosedFireLayers Akamai TechnologiesSoftware & ServicesInvestment
82UndisclosedGelato.ioMashapeSoftware & ServicesAcquisition
83UndisclosedIPlyticsHigh-Tech GründerfondsSoftware & ServicesInvestment
84UndisclosedLead LizardYeslerMarketingAcquisition
85UndisclosedMatrix42Emeram Capital PartnersSoftware & ServicesAcquisition
86UndisclosedmCash SpareBank 1Mobile & AppsAcquisition
87UndisclosedMobvoiGoogleMobile & AppsInvestment
88UndisclosedRoboVMXamarinSoftware & ServicesAcquisition
89UndisclosedSightlinesThe Gordian GroupSoftware & ServicesAcquisition
90UndisclosedSmooch LabsSpark NetworksMobile & AppsAcquisition
91UndisclosedStratfor Teakwood CapitalMediaInvestment
92UndisclosedSunBriteTVSnapAVHardware & InfrastructureAcquisition
93UndisclosedTab PaymentsVelocityMobile & AppsAcquisition
94UndisclosedTouchpoint DashboardStrativity GroupSoftware & ServicesAcquisition
97UndisclosedTutumDockerSoftware & ServicesAcquisition
98UndisclosedWirelessWorksBrightstarSoftware & ServicesAcquisition
100UndisclosedZencapFunding CircleTransactionsAcquisition
101UndisclosednTouchYPB GroupMarketingAcquisition

More information

  1. WEX to Buy Electronic Funds Source From Warburg Pincus for $1.4 Billion (The Wall Street Journal)
  2. Naspers Makes US$1.2 Billion Investment in Avito (FinSMEs)
  3. Uber may have a new rival in China, as Yidao Yongche to raise $700M (VentureBeat)
  4. Red Hat Is Buying IT Automation Startup Ansible, For $150M (TechCrunch)
  5. Collective Health takes $81M from Google Ventures, others, to go nationwide (VentureBeat)
  6. WEX Inc. Announces Definitive Agreement to Acquire Benaissance (Owler)
  7. Infosys to Acquire Noah Consulting for US$70M (FinSMEs)
  8. Aeryon Labs Raises $60M in Funding (FinSMEs)
  9. Playful Receives $25M in Funding (FinSMEs)
  10. Numerify Closes $37.5M Series C Venture Capital Funding (FinSMEs)
  11. Insureon Raises $31M in Equity Funding (FinSMEs)
  12. Zooey Deschanel’s startup Hello Giggles just got bought by Time Inc. for around $30 million (BusinessWire)
  13. Pyramid Analytics Completes $30M Equity Funding (FinSMEs)
  14. Poynt Raises $28M in Series B Venture Capital Funding (FinSMEs)
  15. illusive networks Raises $22M in Series B Funding (FinSMEs)
  16. Clavis Insight Raises US$20M in Third Funding Round (FinSMEs)
  17. Amino Raises $19.4M in Venture Capital Funding (FinSMEs)
  18. adjust Raised $17M in Venture Capital Funding (FinSMEs)
  19. ZeroStack Raises $16M in Series B Venture Capital Funding (FinSMEs)
  20. Betabrand Secures $15M in Venture Capital Funding (FinSMEs)
  21. honestbee Raises US$15M in First Venture Capital Funding Round (FinSMEs)
  22. Stitch Labs Closes $15 Million in Series B Funding (Twice)
  23. Zignal Labs Raises $15M in Venture Capital Funding (FinSMEs)
  24. WaveCrest Group Raises $14M in Series E Funding (FinSMEs)
  25. Skills Fund Raises $11.5M in Seed Capital (FinSMEs)
  26. Conversocial Raises $11M in Venture Capital Funding (FinSMEs)
  27. Attune Technologies Raises $10M in Series B Funding (FinSMEs)
  28. Red Peach Raises $10M in Funding (FinSMEs)
  29. Scalus Launches with $10M in Venture Capital Funding (FinSMEs)
  30. Citus Data Secures $9.5M in Series A Funding (FinSMEs)
  31. Periscope Data Secures $9.5M in Series A Funding (FinSMEs)
  32. Clutter Raises $9M in Series A Funding (FinSMEs)
  33. Surgical Theater Raises $9M in Series A Financing (FinSMEs)
  34. Worthy Raises $8M in Series B Funding (FinSMEs)
  35. Cube26 Raises $7.7M in Funding (FinSMEs)
  36. Kaleo Software Secures $7M in Venture Capital Funding (FinSMEs)
  37. TinderBox Raises $7M in Venture Capital Funding (FinSMEs)
  38. Phenom People Raises $6M in Series A Funding (FinSMEs)
  39. Mouth Foods Closes $5.5M in Series A Funding (FinSMEs)
  40. cielo24 Raises $5m in Series A Funding (FinSMEs)
  41. inMediata Raises $4M in Venture Capital Funding (FinSMEs)
  42. Solinea Closes US$4M Series A Funding (FinSMEs)
  43. Bownty Raises €3.4M in Series A Funding (FinSMEs)
  44. Redox Closes $3.5M Series A Funding (FinSMEs)
  45. Sweeten Secures $3.5M in Series A Funding (FinSMEs)
  46. Allay Raises $3.4M in Seed Funding (FinSMEs)
  47. Rooy Secures $3.4M in Venture Capital Funding (FinSMEs)
  48. Jifiti Raises $3.3m in Funding (FinSMEs)
  49. Cytegic Completes $3M Second Angel Funding Round (FinSMEs)
  50. StreetHub Raises $2.6M in Second Venture Capital Funding Round (FinSMEs)
  51. Telectic Raises £1.5M in Seed Funding (FinSMEs)
  52. Simility Raises $2.25M in Seed Funding (FinSMEs)
  53. Grant Bissett confirms Pin Payments is happily perched in Perth (StartupSmart)
  54. Imply Launches with $2M in Seed Funding (FinSMEs)
  55. Parkifi Raises Additional $2M in Funding (FinSMEs)
  56. Rollout Completes $2M Series A Funding (FinSMEs)
  57. Terminus Raises $1.8M in Seed Financing (FinSMEs)
  58. Squad Secures $1.7M in Seed Funding (FinSMEs)
  59. Ourglass Raises $1.6M in Seed Funding (FinSMEs)
  60. Pepper Raises £1.1M in Funding (FinSMEs)
  61. RevBoss Raises $1.1M in Seed Financing (FinSMEs)
  62. The18 Raises $1M in Funding (FinSMEs)
  63. Ampy Closes $875K Seed Funding Round (FinSMEs)
  64. Meritocracy Raises €500K in Seed Funding (FinSMEs)
  65. Linkfluence acquires ActSocial (Research.)
  66. Althea Raises Seed Funding from 500 Startups (FinSMEs)
  67. Mobile shopping firm Unbound Commerce acquires Apptive, based in Austin (Beta Boston)
  68. Artillery Raises Series A Funding Round (FinSMEs)
  69. Publicis Worldwide buys content marketing agency August (Campaign)
  70. Coty Inc. Announces Acquisition of Leading Global Digital Marketing Platform Beamly (BusinessWire)
  71. CVSL Acquires Betterware, Ltd. (PR Newswire)
  72. Bizongo Raises Equity Funding from Accel (FinSMEs)
  73. CabbyGo Secures Second Funding (FinSMEs)
  74. Cie Digital Labs Receives Investment from Anderee Berengian (FinSMEs)
  75. VersionOne Acquires ClearCode Labs to Extend Operational Agility to DevOps (VersionOne)
  76. Curb Raises Series A Funding (FinSMEs)
  77. Deluxe Acquires Datamyx LLC (BusinessWire)
  78. Google bought a startup to help it make Street View even better (Business Insider)
  79. Nitro Acquires doxIQ (FinSMEs)
  80. FireLayers Receives Investment from Akamai Technologies (FinSMEs)
  81. Gone, The App To Sell Your Old Junk, Acquires Yardsale Inc., FOBO (TechCrunch)
  82. Mashape Acquires (FinSMEs)
  83. IPlytics Closes 6-Digit Seed Funding Round (FinSMEs)
  84. Yesler Expands B2B Marketing Automation Expertise with Lead Lizard Acquisition (PR Web)
  85. Emeram Capital Partners to Buy Matrix42 (FinSMEs)
  86. SpareBank 1 acquires mCash for mobile payments (NFC World)
  87. Google Invests In Mobvoi, Its Android Wear Partner In China (TechCrunch)
  88. Xamarin Acquires RoboVM (FinSMEs)
  89. The Gordian Group Acquires Sightlines (FinSMEs)
  90. Spark Networks Acquires Smooch Labs, Owner of the JSwipe Mobile Application (MarketWired)
  91. Stratfor Receives Private Equity Investment from Teakwood Capital (FinSMEs)
  92. SnapAV Acquires SunBriteTV (FinSMEs)
  93. Velocity Acquires Tab Payments (PR Newswire)
  94. Strativity Group acquires Touchpoint Dashboard (NJBiz)
  95. India: Deals discovery app Little acquires curated deals marketplace Trideal (Deal Street Asia)
  96. Tripoto Raises Series A Funding Round (FinSMEs)
  97. Docker Acquires Tutum (FinSMEs)
  98. Brightstar Expands North American Footprint with Acquisition of Ontario-based WirelessWorks (BusinessWire)
  99. Gone, The App To Sell Your Old Junk, Acquires Yardsale Inc., FOBO (TechCrunch)
  100. P2P lending platform Funding Circle moves into mainland Europe with Zencap acquisition (VentureBeat)
  101. YPB Group Ltd Acquisition of Consumer Engagement Company nTouch Finalised (4-traders)

Russia’s ecommerce revolution

With more than 66 million people online, Russia, according to reports, has the largest online market in Europe, with more than 50% of the population using the internet daily. This market is estimated to increase by 20% every year, until 2018. This positive growth has created a booming tech scene and a dynamic venture market dominated by veteran local investors and tech professionals. According to research studies by Fast Lane Ventures, PwC and RVC, the online retail industry has yielded the highest volume of investment growth attracting nearly $1.3 billion in combined funding from 2010 to 2013. Investor interest continued in 2014 with online retailers Ozon raising a total of $150 million and Wikimart raising $40 million from Russian investors. This week, the biggest deal came from South African media giant Naspers when it bought controlling stake in, Russia’s leading online classifieds site, for $1.2 billion. The deal, which values Avito at around $2.7 billion, is one of the largest exits ever in the European market.