🪶 Flo Achieves Unicorn Status With $200M Series C. $300M+ VC Funding.
Daily Impact Deals #148 looks at major deals and M&A in impact industries, and upcoming economic releases.
Tashi delek 🏞️
📈 Today's Global Economic Update: In the US, Q2 GDP grew 2.8%. PCE inflation slowed to 2.6%, with core PCE at 2.9%. The savings rate fell to 3.5%, and jobless claims dropped by 10,000, but durable goods orders declined. These mixed signals highlight recovery challenges.
👩 Deal of the Day: Flo Health, a UK-based women's health company, raised a $200M Series C to fuel its next phase of growth.
What's New?
📚 Education. HRTech
🌍 Climate. Carbon removal + more
🩺 Health. FemTech, bioTech
📅 Economics. Euro Area GDP, US Fed interest, inflation data + more
📚 Education
🧑🎓 Educatly, an Egyptian student recruitment platform, raised a $2.5M Seed from TLcom Capital Partners and Plus Venture Capital to solidify its presence in the Middle East and Africa.
🌍 Climate
🍃 Graphyte, an Arkansas-based carbon removal startup, raised a $30M Series A from Prelude Ventures and Carbon Direct Capital to accelerate the deployment of its technology.
🥼 Pace Analytical Services acquired Environmental Services Laboratories, an Indiana-based environmental testing company founded in 1988.
🩺 Health
👩 Flo Health, a UK-based women's health company, raised a $200M Series C from General Atlantic to fuel its next phase of growth by expanding into new markets and enhancing its technology.
💉 LTZ Therapeutics, a Chinese immunotherapy-focused biotech, raised a $20M Series A from Lapam Capital to advance the development of its Myeloid Engager pipeline to treat cancer and autoimmune diseases.
💊 Pinetree Therapeutics, a Massachusetts-based biotechnology company, raised a $17M Series A from STIC Investments and DSC Investment to advance their clinical trials further.
📅 Economic Calendar
Euro Area GDP, US Fed Interest, Inflation Data + More
Wednesday, July 31st 2024
🇺🇸 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
Monday, August 5th 2024
Tuesday, August 6th 2024
Wednesday, August 7th 2024
🇩🇪 Germany's Balance of Trade
🇨🇦 Canada Ivey PMI, July
🇦🇺 NAB Business Confidence Index, July
🇨🇳 China Balance of Trade, July
Thursday, August 8th 2024
🇨🇦 Canada Balance of Trade, June
🇨🇳 China Inflation Data, July
Friday, August 9th 2024
🇨🇦 Canada Employment Data, July
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