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πŸ›« 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

  • ✈️ Electric Aviation. HolonIQ Electric Aviation Index Surges 30%
  • πŸ’° Funding. Mega deals in health and energy
  • πŸ“¦ Acquisitions. 8th Jan acquisitions wrap
  • πŸ“… Economics. Trade, GDP and Inflation this week

Have feedback or ideas for us? Email β€” we'd love to hear from you!

✈️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.

πŸ’° Funding

πŸ”¬ 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.

ʹ٤ 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.

⚑ 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.

🐾 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.

πŸ₯ 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.

πŸ’Ό Acquisitions

 πŸ”¬ 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.

 πŸŒΎ 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.

 πŸ“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.

πŸ“… Economic Calendar

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

Tuesday, January 09 2024

πŸ‡¨πŸ‡¦ Canada - Balance of Trade, November

Thursday, January 11 2024

πŸ‡¦πŸ‡Ί Australia - Balance of Trade, November
πŸ‡ΊπŸ‡Έ US - Core Inflation Rate MoM, December
πŸ‡ΊπŸ‡Έ US - Core Inflation Rate YoY, December
πŸ‡ΊπŸ‡Έ US - Inflation Rate MoM, December
πŸ‡ΊπŸ‡Έ US - Inflation Rate YoY, December

Friday, January 12 2024

πŸ‡¨πŸ‡³ China - Inflation Rate YoY, December
πŸ‡¨πŸ‡³ China - Balance of Trade, December
πŸ‡¬πŸ‡§ UK - GDP MoM, November
πŸ‡ΊπŸ‡Έ US - PPI MoM, December

Monday January 15 2024

πŸ‡©πŸ‡ͺ Germany - Full Year GDP Growth, 2023

Tuesday January 16 2024

πŸ‡¦πŸ‡Ί Australia - Westpac Consumer Confidence Change, January
πŸ‡¬πŸ‡§ UK - Unemployment Rate, November
πŸ‡©πŸ‡ͺ Germany - ZEW Economic Sentiment Index, January
πŸ‡¨πŸ‡¦ Canada - Inflation Rate YoY, December

Wednesday January 17 2024

πŸ‡¨πŸ‡³ China - GDP Growth Rate YoY, Q4
πŸ‡¨πŸ‡³ China - Industrial Production YoY, December
πŸ‡¬πŸ‡§ UK - Inflation Rate YoY, December
πŸ‡ΊπŸ‡Έ US - Retail Sales MoM, December

Thursday January 18 2024

πŸ‡ΊπŸ‡Έ US - Building Permits Prel, December
πŸ‡―πŸ‡΅ Japan - Inflation Rate YoY, December
πŸ‡¬πŸ‡§ UK - Retail Sales MoM, December
πŸ‡ΊπŸ‡Έ US - Michigan Consumer Sentiment Prel, January