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πŸ‘΅ 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 🦁

πŸ“ˆ 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.

πŸ€– 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?

πŸ‘΅ Aged Care. Aged care rises by 26%
πŸ’° Funding. AI startup, AI inference, and software company
πŸ’Ό M&A. Software investment, digital tax and EdTech
πŸ“… Economics. US inflation, UK GDP, balance of trade + more

πŸ‘΅ 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%.

πŸ’° Funding

πŸ€– Sentient, an Emirati blockchain-based AI startup, raised a $85M Seed to accelerate its mission of creating a decentralized and community-driven AI platform.

πŸ’» Prodia, a Georgia-based multimedia design and AI solutions provider raised a $15M Seed from Dragonfly Capital to accelerate its next growth phase.

βš™οΈ Pi Squared, an Illinois-based software company, raised a $12.5M Seed from Polychain Capital to expand their technology.

πŸ’Ό M&A

⚠️ Thoma Bravo, an Illinois-based software investment firm, acquired Everbridge, a Massachusetts-based national public warning solutions company.

πŸ’° Taxfix Group, a German financial platform, acquired TaxScouts, a UK-based tax preparation platform.

πŸŽ’ Instructure Holdings, a Utah-based EdTech company, acquired Scribbles, a North Carolina-based educational credentialing and records management service provider.

πŸ“… Economic Calendar

US Inflation, UK GDP, Balance of Trade + More

Wednesday, July 3rd 2024

πŸ‡¨πŸ‡¦ Canada Balance of Trade, May
πŸ‡ΊπŸ‡Έ US ISM Services PMI, June
πŸ‡¦πŸ‡Ί Australia Balance of Trade, May

Friday, July 5th 2024

πŸ‡¨πŸ‡¦ Canada Employment Data, June
πŸ‡ΊπŸ‡Έ US Employment Data, June
πŸ‡¨πŸ‡¦ Canada Ivey PMI s.a, June

Monday, July 8th 2024

πŸ‡©πŸ‡ͺ Germany Balance of Trade, May
πŸ‡¦πŸ‡Ί Australia Westpac Consumer Confidence Change, July
πŸ‡¦πŸ‡Ί Australia WNAB Business Confidence Index, June

Tuesday, July 9th 2024

πŸ‡¨πŸ‡³ China Inflation Data, June

Thursday, July 11th 2024

πŸ‡¬πŸ‡§ UK GDP Data, May
πŸ‡ΊπŸ‡Έ US Core Inflation Data, June
πŸ‡ΊπŸ‡Έ US Inflation Data, June

Friday, July 5th 2024

πŸ‡ΊπŸ‡Έ US PPI Data, June
πŸ‡ΊπŸ‡Έ US Michigan Consumer Sentiment (Preliminary), July
πŸ‡¨πŸ‡³ China Balance of Trade, June

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