🤖 $70M AI Funding. $270M+ VC Funding Day.
Daily Impact Deals #189 looks at major deals and M&A in impact industries and upcoming economic releases.
Ahoj 🍺
📈 Today's Global Economic Update: The GfK Consumer Climate Indicator for Germany increased to -21.2 in October 2024, exceeding forecasts, driven by improved income expectations.
🤖 Deal of the Day: Torq, a NYC-based AI-first security hyper-automation company, raised a $70 Series C to increase expansion across EMEA and APAC.
What's New?
🌍 Climate. Green hydrogen and recycling
🩺 Health. Biotech
💻 Technology. Artificial Intelligence
📅 Economics. Euro area inflation, US employment, balance of trade data + more
🩺 Health
🧬 Genespire, an Italian biotech company secured a $52M Series B from investors like Sofinnova Partners and XGEN Venture to advance its gene therapy pipeline.
🌍 Climate
💧 Utility Global, a Texas-based green hydrogen company raised a $53M Series C from OPG Pension Plan to advance its technology, aimed at reducing emissions in hard-to-abate industries.
♻️ Cyclic Materials, a Canadian recycling company, raised a $53M Series B from AcrTern Ventures to develop a circular supply chain for recycling rare earth elements.
💻 Technology
🤖 Torq, a NYC-based AI-first security hyper-automation company, raised a $70 Series C to increase expansion across EMEA and APAC.
📅 Economic Calendar
Euro Area Inflation, US Employment, Balance of Trade Data + More
Thursday, September 26th 2024
🇺🇸 US Durable Goods Orders Data
🇺🇸 US GDP Growth Data, Q2
Friday, September 27th 2024
🇫🇷 France Inflation Data (Preliminary), September
🇺🇸 US Core PCE Price Index
🇺🇸 US Personal Income & Spending Data
Monday, September 30th 2024
🇨🇳 China NBS Manufacturing PMI, September
🇨🇳 China Caixin Manufacturing PMI, September
🇮🇹 Italy Inflation Data (Preliminary), September
🇩🇪 Germany Inflation Data (Preliminary), September
Tuesday, October 01st 2024
🇯🇵 Japan Consumer Confidence Index, September
🇪🇺 Euro Area Inflation Data (Flash), September
🇺🇸 ISM Manufacturing PMI, September
🇺🇸 US JOLTs Job Openings, September
Wednesday, October 02nd 2024
🇦🇺 Australia Balance of Trade Data, August
Friday, October 04th 2024
🇨🇦 Canada Balance of Trade Data, August
🇺🇸 US Employment Data, September
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