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๐Ÿ›ซ Electric Aviation Taking Off + $150M VC

For over 5 years, HolonIQ has been tracking and analyzing Impact Capital Markets, Foundations and Philanthropies, Venture and Growth Capital, Private Equity and Public Markets.

Now, with more than 50 stock indices being tracked, we're kicking off 2024 with a new daily newsletter for data-driven, global leaders looking to understand trends in strategic industries.

Today's Topics

  • โœˆ๏ธ Electric Aviation. HolonIQ Electric Aviation Index Surges 30%
  • ๐Ÿ’ฐ Funding. Mega deals in health and energy
  • ๐Ÿ“ฆ Acquisitions. 8th Jan acquisitions wrap
  • ๐Ÿ“… Economics. Trade, GDP and Inflation this week

Have feedback or ideas for us? Email hello@holoniq.com โ€” we'd love to hear from you!

โœˆ๏ธTaking Off: Electric Aviation's Past Year in Review

HolonIQ Electric Aircraft Index: The index has posted an increase of almost 30% in the year to January 2024. Various external factors, such as technology, certification processes, and research and development challenges, contributed to the observed trends. During this period, notable events included RTX (Raytheon Technologies Corporation) on October 4, 2023, successfully demonstrating the operation of semiconductors and advanced software algorithms that control power and can interrupt extreme currents faster. In addition, Joby Aviation, a startup founded in 2009, secured a $55 million contract from the U.S. Department of Defense on the last week of April 2023, a deal that will allow the company to put its aircraft into customers' hands and start generating revenue before it has achieved Federal Aviation Administration (FAA) certification.

๐Ÿ’ฐ Funding


๐Ÿ”ฌ Claris Biotherapeutics, a New Jersey-based biotechnology company, raised a $57M Series A from Novo Holdings, RA Capital, and Mass General Brigham Ventures to expand operations and its development efforts.

 ๐Ÿงฌ Genomics, a UK based Genome analysis company, raised $44.5M from F-Prime Capital and Foresight Capital Partners to develop its risk estimation technology to prevent common diseases and cancers.

โšก Vortexa, a UK-based energy analytics platform provider, raised $34M Series C from Morgan Stanley Expansion Capital to further accelerate its international expansion, technology, and quality of service to its clients and partners.

๐Ÿพ Gallant Therapeutics, a California-based animal health biotechnology company, raised $15M Series A from Bold Capital Partners to expedite the development of innovative allogeneic stem cell therapies.

๐Ÿฅ Care Continuity, a Texas-based healthcare logistics company, raised $10M Series A from Empactful Capital & Viewside Capital Partners to boost solution adoption, invest strategically for growth, and enhance AI for improved patient navigation.

๐Ÿ’ผ Acquisitions

 ๐Ÿ”ฌ Veracyte, Inc. (Nasdaq: VCYT), a California-based genomic diagnostics company, reached a definitive agreement to acquire C2i Genomics, a NYC-based minimal residual disease (MRD) detection company for $95M.

 ๐ŸŒพ Danstar Ferment, a Canadian-based food ingredient supplier, acquired Evolva, a Swiss-based producer of sustainably sourced natural flavors, sweeteners, and functional ingredients for $23.5M.

 ๐Ÿ“š Baims, a Kuwait-based online educational website, has acquired Orcas Edtech, an Egypt-based developer of a hybrid tutoring platform designed to connect parents and students with experienced and reliable private tutors nearby.

๐Ÿ“… Economic Calendar

This week, anticipate key economic indicators focusing on Balance of Trade, GDP, and Inflation.

Tuesday, January 09 2024

๐Ÿ‡จ๐Ÿ‡ฆ Canada - Balance of Trade, November

Thursday, January 11 2024

๐Ÿ‡ฆ๐Ÿ‡บ Australia - Balance of Trade, November
๐Ÿ‡บ๐Ÿ‡ธ US - Core Inflation Rate MoM, December
๐Ÿ‡บ๐Ÿ‡ธ US - Core Inflation Rate YoY, December
๐Ÿ‡บ๐Ÿ‡ธ US - Inflation Rate MoM, December
๐Ÿ‡บ๐Ÿ‡ธ US - Inflation Rate YoY, December

Friday, January 12 2024

๐Ÿ‡จ๐Ÿ‡ณ China - Inflation Rate YoY, December
๐Ÿ‡จ๐Ÿ‡ณ China - Balance of Trade, December
๐Ÿ‡ฌ๐Ÿ‡ง UK - GDP MoM, November
๐Ÿ‡บ๐Ÿ‡ธ US - PPI MoM, December

Monday January 15 2024

๐Ÿ‡ฉ๐Ÿ‡ช Germany - Full Year GDP Growth, 2023

Tuesday January 16 2024

๐Ÿ‡ฆ๐Ÿ‡บ Australia - Westpac Consumer Confidence Change, January
๐Ÿ‡ฌ๐Ÿ‡ง UK - Unemployment Rate, November
๐Ÿ‡ฉ๐Ÿ‡ช Germany - ZEW Economic Sentiment Index, January
๐Ÿ‡จ๐Ÿ‡ฆ Canada - Inflation Rate YoY, December

Wednesday January 17 2024

๐Ÿ‡จ๐Ÿ‡ณ China - GDP Growth Rate YoY, Q4
๐Ÿ‡จ๐Ÿ‡ณ China - Industrial Production YoY, December
๐Ÿ‡ฌ๐Ÿ‡ง UK - Inflation Rate YoY, December
๐Ÿ‡บ๐Ÿ‡ธ US - Retail Sales MoM, December

Thursday January 18 2024

๐Ÿ‡บ๐Ÿ‡ธ US - Building Permits Prel, December
๐Ÿ‡ฏ๐Ÿ‡ต Japan - Inflation Rate YoY, December
๐Ÿ‡ฌ๐Ÿ‡ง UK - Retail Sales MoM, December
๐Ÿ‡บ๐Ÿ‡ธ US - Michigan Consumer Sentiment Prel, January