💊 $1.3B Oedema Therapy Provider Acquisition. $415M VC Funding.
Impact Capital Markets #136 looks at major deals and M&A in impact industries and upcoming economic releases.
📈 Today's Global Economic Update: The Producer Price Index (PPI) for final demand in the US increased 2.6% YoY in June, exceeding the market expectation of 2.3%. The annual core PPI increased by 3%, also surpassing expectations.
💊 Deal of the Day: Merck & Co closed its $1.3B acquisition of EyeBio.
What's New?
📚 Education. Virtual reality, assessment services, STEM
🌍 Climate. Automotive semiconductors, climate tech, EV charging
💻 Technology. Quantum technology, digital workflow management, processors
🩺 Health. Biotech, bone metabolism
📅 Economics. ECB interest rate, UK inflation, balance of trade + more
📚 Education
🎮 JigSpace, a 3D virtual reality startup, has raised $13M in a funding round led by the state government.
📖 Prometric, a testing and assessment services provider, acquired EdPower, a company offering cloud-based solutions for the K-12 education market.
🎓 RW Thrive, the holding company of Realityworks, which provides educational curriculum and tools for STEM learning, has acquired BirdBrain Technologies.
🌍 Climate
🚗 SemiDrive, a Chinese automotive semiconductor company, raised a $138M Series B+ funding round backed by HongShan.
🌱 44.01, the Omani climate tech startup has raised a $37M Series A funding round led by Equinor Ventures and Shorooq Partners.
🔋 Solus Power, a UK company providing portable electric vehicle charging solutions, raised $28M in funding from Petra Equity Partners.
💻 Technology
🖥️ Quantum Delta NL, a company based in Delft, secured a $297M investment from The National Growth Fund.
👩💻 HERO Software, a German startup founded in 2020 that provides a digital workflow management platform, raised a $43M Series B funding round.
🌐 Innatera, a company specializing in ultra-low power neuromorphic processors, raised a $21M oversubscribed Series A funding round led by Innavest and InvestNL.
🩺 Health
💊 Merck & Co. closed its $1.3B acquisition of EyeBio and plans to initiate a Phase IIb/III trial for EyeBio's lead candidate, Restoret.
💉 AstraZeneca acquired Amolyt Pharma for $1.05B to fortify its rare disease pipeline and bone metabolism capabilities.
⚕️ AusperBio, a clinical-stage biotech company operating in the US and China, raised $37M in a Series A financing round.
📅 Economic Calendar
ECB Interest Rate, UK Inflation, Balance of Trade + More
Tuesday, July 16th 2024
🇩🇪 ZEW Economic Sentiment Index, July
🇨🇦 Canada Inflation Data, June
🇺🇸 US Retail Sales, June
Wednesday, July 17th 2024
🇬🇧 UK Inflation Data, June
🇺🇸 US Building Permits (Preliminary), June
🇯🇵 Japan Balance of Trade, June
Thursday, July 18th 2024
🇬🇧 UK Employment Data, May
🇪🇦 Euro Area Deposit Facility Data
🇪🇦 Euro Area ECB Interest Rate Decision
🇯🇵 Japan Inflation Data, June
Friday, July 19th 2024
Wednesday, July 24th 2024
🇩🇪 Germany GfK Consumer Confidence
🇩🇪 Germany HCOB Manufacturing PMI (Flash)
🇨🇦 Canada BoC Interest Rate Decision
🇨🇦 Canada BoC Monetary Policy Report
Thursday, July 25th 2024
🇩🇪 Germany Ifo Business Climate
🇺🇸 US Durable Goods Orders Data
🇺🇸 US GDP Growth Data
Friday, July 26th 2024
🇺🇸 US Core PCE Price Index
🇺🇸 US Personal Income & Spending Data
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