🛢️ EQT Merges With Equitrans Midstream For $5.4B. $630M+ VC Funding.
Impact Capital Markets #144 looks at major deals and M&A in impact industries, and upcoming economic releases.
Kia ora 🥝
📈 Today's Global Economic Update: The Ifo index fell to 87.0 in July, the third consecutive monthly decline, reversing the optimistic trend from earlier in the year. The German economy remains stagnant, with sentiment indicators underscoring ongoing cyclical and structural challenges.
🛢️ Deal of the Day: EQT, an independent natural gas producer, closed its $5.4B merger agreement with Equitrans Midstream, an energy company.
What's New?
📚 Education. AI
🌍 Climate. Natural gas, electric aviation, biopesticides
🛰️ Space & Defense. Geostationary satellite
💻 Technology. Cybersecurity, trust management
🩺 Health. AI, insurance
📅 Economics. Euro Area GDP, US Fed interest, inflation data + more
📚 Education
📖 Uplimit, a California-based company that provides AI-powered enterprise learning solutions, raised an $11M Series A from Salesforce Ventures to expand its enterprise platform offerings.
🤖 Devnagri, an Indian Gen-AI company, raised an undisclosed seed round from Inflection Point Ventures for marketing, sales, technology scaling, R&D, infrastructure, and administrative expenses.
🌍 Climate
🛢️ EQT, an independent natural gas producer, closed its $5.4B acquisition of Equitrans Midstream, an energy company.
✈️ H55, a Swiss company specializing in electric aviation technologies, raised a $73.2M Series C from the Government of Quebec to support its North American expansion.
🌱 Micropep, a company developing cleaner peptide-based pesticides, raised a $29M Series B from Zebra Impact Ventures to support its market strategy.
🛰️ Space & Defense
🚀 Astranis, a California-based geostationary satellite maker, has raised a $200M Series D, the funds will be used for its Omega constellation.
💻 Technology
🔒 Dazz, a Canada-based cybersecurity firm, raised $50M in funding to help security and engineering teams reduce exposure efficiently.
🖥️ Vanta, a California-based trust management platform, raised a $150M Series C, to increase and consolidate its global presence
🩺 Health
🚑 Deepc, a German company that develops AI operating systems for radiologists and clinical organizations, raised a $13M Series A to accelerate its growth and international expansion.
🍭 Acko, an Indian insurance company, acquired OneCare, an Indian diabetes-care startup.
📅 Economic Calendar
Euro Area GDP, US Fed Interest, Inflation Data + More
Thursday, July 25th 2024
🇺🇸 US Durable Goods Orders Data
🇺🇸 US GDP Growth Data
Friday, July 26th 2024
🇺🇸 US Core PCE Price Index
🇺🇸 US Personal Income & Spending Data
Tuesday, July 30th 2024
🇫🇷 France GDP Growth Data (Preliminary), Q2
🇩🇪 Germany GDP Growth Data Flash, Q2
🇮🇹 Italy GDP Growth Data, Q2
🇪🇦 Euro Area GDP Growth Data Flash, Q2
🇩🇪 Germany Inflation Data (Preliminary), July
🇺🇸 US JOLTs Job Openings, June
🇦🇺 Australia Monthly CPI Indicator, June
🇨🇳 China NBS Manufacturing PMI, July
Wednesday, July 31st 2024
🇯🇵 Japan BoJ Interest Rate Decision
🇯🇵 Japan Consumer Confidence Index, July
🇫🇷 France Inflation Data (Preliminary), July
🇪🇦 Euro Area Inflation Data Flash, July
🇮🇹 Italy Inflation Data (Preliminary), July
🇺🇸 US Fed Interest Rate Decision
🇦🇺 Australia Balance of Trade Data, June
🇨🇳 China Caixin Manufacturing PMI, July
Thursday, August 1st 2024
🇬🇧 BoE Interest Rate Decision
🇺🇸 ISM Manufacturing PMI, July
Friday, August 2nd 2024
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