🩺 Digital & Telehealth Up 30%. $55M+ VC Funding.

Impact Capital Markets #46 looks at our Digital & Telehealth stock index, major impact deals, M&A, and upcoming economic releases.

Konnichiwa 🎎

πŸ“‰ Today's Global Economic Update: US employment data revealed a 0.2% point increase in the unemployment rate to 3.9% in February 2024, marking its highest level since January 2022.

🌿 Deal of the Day: The Ayurveda Experience, a health and wellness company, raised a $26.5M Series C for product R&D.

What's New?

  • 🩺 Digital & Telehealth. Digital & Telehealth index grows 30%
  • πŸ’° Funding. Wellness, skincare & battery technology
  • πŸ’Ό M&A. Sugar Foods acquires Concord Foods
  • πŸ“… Economics. Employment data, UK GDP, US inflation + more

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🩺 Digital & Telehealth Grows 30%

HolonIQ's Digital and Telehealth Index has increased by 30% over the past year. Major stocks in the index increased, including DexCom ($52B MCap) which saw a 22% increase, and Pro Medicus Ltd ($7B MCap) which exhibited a 60% rise. ResMed ($28B MCap) saw an exception to the trend, with a 9% decline over the year.

The Digital and Telehealth market has experienced significant growth due to rising demand for convenient healthcare services. Customers prefer digital solutions for remote monitoring, online medical advice, and medication purchases. The COVID pandemic fast-tracked industry expansion, witnessing an increase in online pharmacy usage and the adoption of virtual doctor appointments as a safe and convenient way of attending medical consultations. Virtual Fertility and medication tracking apps are also becoming increasingly popular. As digital technologies continue to advance, the market is poised for further growth and innovation, revolutionizing the way healthcare is delivered and experienced globally.

πŸ’° Funding

🌿 The Ayurveda Experience, an Indian health and wellness company, raised a $26.5M Series C from Jungle Ventures for product R&D.

🧴 Foxtale, an Indian skincare brand, raised $14.5M from Panthera Growth Partners to solidify its market position.

πŸ”‹ Glimpse, a Massachusetts-based battery technology company, raised a $4M Seed from Ibex Investors & Flybridge to expand operations.

πŸ’Ό M&A

πŸ›’ Sugar Foods Corporation, a New York-based food production company, acquired Concord Foods, a Massachusetts-based retail food products and custom ingredients supplier.

πŸ“… Economic Calendar

Employment Data, UK GDP, US Inflation + More

Tuesday, March 12th 2024

πŸ‡¦πŸ‡Ί Australia NAB Business Confidence, February
πŸ‡¬πŸ‡§ UK Unemployment Data, January
πŸ‡ΊπŸ‡Έ US Core Inflation Data, February
πŸ‡ΊπŸ‡Έ US Inflation Data, February

Wednesday, March 13th 2024

πŸ‡¬πŸ‡§ UK GDP Data, January

Thursday, March 14th 2024

πŸ‡ΊπŸ‡Έ US PPI Data, February
πŸ‡ΊπŸ‡Έ US Retail Sales Data, February

Friday, March 15th 2024

πŸ‡ΊπŸ‡Έ US Michigan Consumer Sentiment Data (Preliminary), March

Monday, March 18th 2024

πŸ‡¨πŸ‡³ China Industrial Production, Jan-Feb
πŸ‡¨πŸ‡³ China Retail Sales Data, Jan-Feb

Tuesday, March 19th 2024

πŸ‡―πŸ‡΅ Japan BoJ Interest Rate Decision
πŸ‡¦πŸ‡Ί Australia RBA Interest Rate Decision
πŸ‡©πŸ‡ͺ Germany ZEW Economic Sentiment Index, March
πŸ‡ΊπŸ‡Έ US Building Permits Data (Preliminary), February
πŸ‡¨πŸ‡¦ Canada Inflation Data, February

Wednesday, March 20th 2024

πŸ‡¬πŸ‡§ UK Inflation Data, February
πŸ‡ΊπŸ‡Έ US Fed Interest Rate Decision
πŸ‡ΊπŸ‡Έ US FOMC Economic Projections

Thursday, March 21st 2024

πŸ‡ΊπŸ‡Έ US Fed Press Conference
πŸ‡―πŸ‡΅ Japan Balance of Trade, February
πŸ‡©πŸ‡ͺ Germany HCOB Manufacturing PMI (Flash), March
πŸ‡¬πŸ‡§ UK BoE Interest Rate Decision

Friday, March 22nd 2024

πŸ‡―πŸ‡΅ Japan Inflation Data, February
πŸ‡¬πŸ‡§ UK Retail Sales Data, February
πŸ‡©πŸ‡ͺ Germany Ifo Business Climate, March

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