👵 Aged Care Rises By 26%. $130M+ VC Funding.
Impact Capital Markets #128 looks at our Aged Care Stock Index, major impact deals, M&A, and upcoming economic releases.
Hallo 🦁
📈 Today's Global Economic Update: Euro area inflation eased to 2.5% in June, in line with economists' expectations, driven by lower energy and fresh food costs. However, service inflation remains persistently high at 4.1%, which could impact future interest rate decisions.
🤖 Deal of the Day: Sentient, an Emirati blockchain-based AI startup, raised a $85M Seed to accelerate its mission of creating a decentralized and community-driven AI platform.
What's New?
👵 Aged Care. Aged care rises by 26%
💰 Funding. AI startup, AI inference, and software company
💼 M&A. Software investment, digital tax and EdTech
📅 Economics. US inflation, UK GDP, balance of trade + more
👵 Aged Care Rises By 26%
HolonIQ’s Aged Care Index has increased by 26% over the past twelve months, driven by the rising demand for aged care services due to an aging population. According to the World Health Organization (WHO), the global population over the age of 60 is projected to nearly double, reaching 22%. Countries like China, Japan, and South Korea are experiencing significant increases in their elderly populations due to declining fertility rates and longer life expectancies. This demographic shift has spurred substantial investments in elderly care, with China announcing plans to double its subsidies to enhance these services. Additionally, the Connecticut House of Representatives has passed a bill to increase oversight of home care workers, aiming to improve aged care services in response to the growing elderly population. Stocks in the index have been benefitting from this demographic change and increased demand for aged care. HCA Healthcare ($84B MCap) has seen a 7.4% increase over the past year, with Welltower ($63B MCap) rising 30%, and Sumitomo ($31B MCap) increasing 20%.
💰 Funding
🤖 Sentient, an Emirati blockchain-based AI startup, raised a $85M Seed to accelerate its mission of creating a decentralized and community-driven AI platform.
💻 Prodia, a Georgia-based multimedia design and AI solutions provider raised a $15M Seed from Dragonfly Capital to accelerate its next growth phase.
⚙️ Pi Squared, an Illinois-based software company, raised a $12.5M Seed from Polychain Capital to expand their technology.
💼 M&A
⚠️ Thoma Bravo, an Illinois-based software investment firm, acquired Everbridge, a Massachusetts-based national public warning solutions company.
💰 Taxfix Group, a German financial platform, acquired TaxScouts, a UK-based tax preparation platform.
🎒 Instructure Holdings, a Utah-based EdTech company, acquired Scribbles, a North Carolina-based educational credentialing and records management service provider.
📅 Economic Calendar
US Inflation, UK GDP, Balance of Trade + More
Wednesday, July 3rd 2024
🇨🇦 Canada Balance of Trade, May
🇺🇸 US ISM Services PMI, June
🇦🇺 Australia Balance of Trade, May
Friday, July 5th 2024
🇨🇦 Canada Employment Data, June
🇺🇸 US Employment Data, June
🇨🇦 Canada Ivey PMI s.a, June
Monday, July 8th 2024
🇩🇪 Germany Balance of Trade, May
🇦🇺 Australia Westpac Consumer Confidence Change, July
🇦🇺 Australia WNAB Business Confidence Index, June
Tuesday, July 9th 2024
Thursday, July 11th 2024
🇬🇧 UK GDP Data, May
🇺🇸 US Core Inflation Data, June
🇺🇸 US Inflation Data, June
Friday, July 5th 2024
🇺🇸 US PPI Data, June
🇺🇸 US Michigan Consumer Sentiment (Preliminary), July
🇨🇳 China Balance of Trade, June
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Thank you for reading. Have a great week ahead!
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