๐Ÿ›ซ Aviation Drops 10%. $110M+ VC in BioTech, Wellness, Climate

Impact Capital Markets #15 looks at our Aviation Stock Index, major impact deals and acquisitions, and the upcoming economic releases.

Today's Topics

  • ๐Ÿ›ซ Aviation. Aviation Down 10%YoY Amid Challenges
  • ๐Ÿ’ฐ Funding. $110M+ Funding in Biotech, Wellness, Climate Tech, Digital Health & More
  • ๐Ÿ’ผ Acquisitions. Child Care, Creator Education, Consumer Health & More
  • ๐Ÿ“… Economics. Major Interest Rate Decisions, Euro Area GDP & Inflation Releases + More

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๐Ÿ›ซ Aviation Down 10%YoY Amid Challenges

HolonIQ Aviation (HIQAVIAT). Indexed returns (returns on the index relative to the level on January 26, 2023) have mostly been negative over the last 12 months. Returns hit a low of 20% in October 2023 but have seen a gradual improvement since. 

Aviation has been navigating through shifting tides over the last few years as demand recovered following the COVID-19 disruptions. Challenges persist, including labor shortages and ongoing disruptions causing issues for both airlines and passengers. Additionally, geopolitical and economic factors, such as increasing fuel prices and decreasing disposable incomes, pose potential threats to global travel volumes. However, there is optimism regarding the sustained recovery of demand for air travel, which could see aviation profits improve this year.

Addressing uncertainties related to climate change, United Airlines (MarketCap: US$ 13B), a prominent contender in the aviation space, has announced the adoption of sustainable aviation fuel. This alternative fuel, derived from non-petroleum feedstocks, aims to reduce emissions from air transportation. Southwest Airlines (MarketCap: US$ 18.5B) has also committed to investing in sustainable aviation fuel through its pilot project named โ€˜SAFFiRE1โ€™, contributing to the industry's efforts to address environmental concerns.

๐Ÿ’ฐ Funding

๐Ÿ”ฌ Infinite Roots, a Germany-based fungal biotech company, raised a $58M Series B from the European Innovation Council (EIC) and Dr Hans Riegel Holding to operationally ramp up production volumes and increase supply.

๐Ÿข Sonder, an Australian-based Workplace wellness technology start-up, raised a $16M Series B from SEEK to fund the companyโ€™s growth in Australia and New Zealand. The funds will also aid a UK expansion, which is in the early stages but a key strategic market.

๐ŸŒ CEEZER, a Germany-based climate tech company, raised a $11.2M Series A from HV Capital to expand the startupโ€™s presence in the US, strengthen its team, and introduce innovative carbon portfolio financing solutions.

๐Ÿ’ก Vikran Engineering & Exim, an India-based engineering & construction company that provides services for power-related projects, raised $10M from Pantomath Capital and Ashish Kacholia. They intend to use the funds for expanding operations and preparing for an upcoming Initial Public Offering (IPO).

๐Ÿฅ Swift Medical, a Canada-based digital health technology company, raised $8M from BDC Capitalโ€™s Women in Technology Venture Fund and funds managed by Virgo Investment Group. The funds will be used to accelerate the pace of technology enhancements.

๐Ÿฉบ Isaac Health, a New York-based digital health company, raised a $5.7M Seed from Meridian Street Capital and B Capital to redefine brain healthcare by leveraging cutting-edge technology and predictive machine learning.

๐Ÿง˜โ€โ™‚๏ธ Being Health, a NYC-based psychiatrist-founded modern mental health practice provider, raised $5.4M from 18 Park and HDS Capital to expand operations and its business reach.

๐Ÿ’ผ Acquisitions

๐Ÿ‘ถ Roper Technologies, a Florida-based radio frequency solutions Provider has signed a definitive agreement to acquire Procare Solutions, an Oregon-based provider of child care management solutions for a total enterprise value of $1.86B.

๐Ÿ’ป HEALWELL AI, an Ontario-based healthcare technology company agreed to acquire Intrahealth, a British Columbia-based company that provides software and associated services for healthcare industries for a total consideration of $24.2M.

๐ŸŒฟ LMC Landscape Partners, a Texas-based commercial landscaping support services company, acquired Cutters Edge Total Landscape Solutions, a Florida-based company that provides professional services such as landscape maintenance, irrigation, and fertilization.

๐Ÿ’ป VidIQ, a San Francisco-based provider of analytics suite for content creators, acquired Creator Now, a Los Angeles-based creator education platform.

๐Ÿ›๏ธ Suave, a New Jersey-based personal care essentials company, signed a binding offer to acquire ChapStick, a brand from Haleon, a global leader in consumer health.

๐Ÿ”ฌ Bruker Corporation, a Massachusetts-based manufacturer of analytical and medical instruments, signed a definitive agreement to acquire Chemspeed Technologies, a Swiss provider of vendor-agnostic automated laboratory R&D and QC workflow solutions.

๐Ÿ“… Economic Calendar

Major Interest Rate Decisions, Euro Area GDP & Inflation Releases + More

Friday January 26th 2024

๐Ÿ‡ฉ๐Ÿ‡ช Germany - GfK Consumer Confidence , February
๐Ÿ‡บ๐Ÿ‡ธ US - Personal Income and Expenditure Data, December

Tuesday January 30th 2024

๐Ÿ‡ซ๐Ÿ‡ท France - GDP Data, Q4
๐Ÿ‡ฎ๐Ÿ‡น Italy - GDP Data, Q4
๐Ÿ‡ช๐Ÿ‡ฆ Euro Area - GDP Data, Q4
๐Ÿ‡บ๐Ÿ‡ธ US - Employment Data, December

Wednesday January 31st 2024

๐Ÿ‡ฆ๐Ÿ‡บ Australia - Inflation Data, Q4
๐Ÿ‡จ๐Ÿ‡ณ Canada - NBS Manufacturing PMI, January
๐Ÿ‡ฏ๐Ÿ‡ต Japan - Consumer Confidence, January
๐Ÿ‡ซ๐Ÿ‡ท France - Inflation Data, January
๐Ÿ‡ฉ๐Ÿ‡ช Germany - GDP Data, Q4
๐Ÿ‡ฉ๐Ÿ‡ช Germany - Inflation Data, January

Thursday February 1st 2024

๐Ÿ‡บ๐Ÿ‡ธ US - Fed Interest Rate Decision
๐Ÿ‡บ๐Ÿ‡ธ US - Fed Press Conference
๐Ÿ‡จ๐Ÿ‡ณ Canada - Caixin Manufacturing PMI, January
๐Ÿ‡ช๐Ÿ‡ฆ Euro Area - Inflation Data, January
๐Ÿ‡ฎ๐Ÿ‡น Italy - Inflation Data, January
๐Ÿ‡ฌ๐Ÿ‡ง UK - BoE Interest Rate Decision
๐Ÿ‡บ๐Ÿ‡ธ US - ISM Manufacturing PMI, January

Friday February 2nd 2024

๐Ÿ‡บ๐Ÿ‡ธ US - Non Farm Payrolls, January
๐Ÿ‡บ๐Ÿ‡ธ US - Employment Data January

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