🤖 $6.6B Record-Breaking VC Funding. Good Energy Acquires Laven Electric.
Daily Impact Deals #194 looks at major deals and M&A in impact industries and upcoming economic releases.
Tashi delek 🏞️
📈 Today's Global Economic Update: Australia's trade surplus reached AUD 5.64B in August 2024, the highest since April, despite slight drops in exports and imports. Exports fell 0.2%, with notable declines in Malaysia and South Korea, while imports dropped 0.2% to a four-month low.
🤖 Deal of the Day: OpenAI, the California-based AI research firm, secured $6.6B in funding to support its expansion efforts.
What's New?
📚 Education. Literacy development & online learning
🌍 Climate. Sustainable crop protection & solar installer
🩺 Health. Biotechnology & health tech
💻 Technology. AI & software development
📅 Economics. US inflation, UK GDP, balance of trade data + more
📚 Education
✒️ Keys to Literacy, a provider of literacy professional development, has acquired Schools Cubed, a company specializing in literacy professional development and leadership.
🪑 Castle Harlan, a private equity firm, has acquired Alumni Educational Systems, a manufacturer of educational furniture.
👩💻 Infostud, a Serbian online learning platform, has acquired Krojaceva Skola, another online learning platform, intending to create personalized career development plans for users.
🌍 Climate
🌱 AgroSpheres, a biotechnology leader in sustainable crop protection and crop health, raised a $37M Series B from Zebra Impact Ventures to support development.
🌞 Good Energy Solutions, a Kansas-based solar installer, acquired Laven Electric, a Kansas-based electrical and solar services provider.
🩺 Health
🧬 Triveni, a biotechnology company, has raised a $115M Series B to expand its immunology pipeline and conduct a clinical study for its lead candidate TRIV-573.
🔬 LoQus23 Therapeutics, a UK biotech company, has raised a $46.6M Series A from Forbion to advance its lead candidate for treating Huntington's Disease.
⚕️ RXNT, a Maryland-based healthcare technology company, acquired Scalabull, a nationwide interfacing network that enables electronic health record (EHR) systems to connect with clinical labs and facilities.
💻 Technology
🤖 OpenAI, the California-based AI research firm, secured $6.6B in funding to support its expansion efforts.
🌐 poolside, a California-based company building capable AI for software development, raised a $500M Series B. The capital raised has allowed the company to bring online 10,000 NVIDIA GPUs.
📅 Economic Calendar
US Inflation, UK GDP, Balance of Trade Data + More
Friday, October 04th 2024
🇺🇸 US Employment Data, September
Monday, October 07th 2024
🇦🇺 Australia RBA Meeting Minutes
Tuesday, October 08th 2024
🇨🇦 Canada Balance of Trade Data, August
🇦🇺 Australia Westpac Consumer Confidence Data, October
Wednesday, October 09th 2024
🇩🇪 Germany Balance of Trade Data, August
Thursday, October 10th 2024
🇺🇸 US Core Inflation Data, September
🇺🇸 US Inflation Data, September
Friday, October 11th 2024
🇬🇧 UK GDP Data, August
🇨🇦 Canada Employment Data, September
🇺🇸 US PPI Data, September
🇺🇸 US Michigan Consumer Sentiment Prel, October
Like getting this newsletter? For unlimited access to more deals and economic updates, request a demo.
Thank you for reading. Have a great week ahead!
Have some feedback or want to sponsor this newsletter? Let us know at hello@holoniq.com