💰Global Impact Deals #11
Happy Monday 👋
This week’s edition dives into the latest funding deals and groundbreaking advancements shaping the global impact landscape. From steelmaking technology to holographic extended reality, discover the key transactions and trends making waves in Education, Climate, Health, and Technology.
⚕️ Deal of the Week: Innovaccer, a healthcare AI company, raised a $275M Series F, to introduce new AI and cloud capabilities.
What's New?
📚 Education. Tuition payment, AI-based training, and language self-publishing
🌍 Climate. Electrical power, heat pumps, and steelmaking technology
🏥 Health. Medical technology, healthcare AI, and biotech
💻 Technology. Consumer tech, semiconductor, and AI generative
📚 Education
🧑🏫 Jeel Pay, a Saudi Arabian tuition payment solutions company, raised a $6.7M pre-Series A funding from OA Capital to further advance its expansion strategy.
🔒 CybExer Technologies, an Estonian cybersecurity company, secured $1.6M in funding from SEB to expand its AI-based training and testing solutions for IT and cybersecurity teams.
📖 Pratilipi, an Indian language self-publishing platform company, raised approximately $600K in a bridge funding round from Alteria Capital, which included a mix of equity and debt financing.
🌱 Climate
🔌 Mattr acquired AmerCable, a French specialized maker of electrical power, control, and instrumentation cables, for $280M.
⚙️ Electra, an alternative steelmaking technology provider, raised $180.4M to revolutionize ironmaking with its innovative, cleaner, and cost-effective iron purification method.
🌡️ Qvantum, a manufacturer of advanced heat pump technologies, raised a $112.2M Series C from IMAS Foundation to scale production of its Heat Pump to Grid (HP2G) solution.
🏥 Health
🩺 Hologic, a medical technology company, has acquired Gynesonics, a privately held medical device company focused on women's health solutions, for approximately $350M.
⚕️ Innovaccer, a healthcare AI company, raised a $275M Series F, bringing its total funding to $675M. The funds will be used to introduce new AI and cloud capabilities, and scale a developer ecosystem on the platform.
💉 Aviceda Therapeutics, a biotech company, raised a $207M Series C, to advance the clinical trials for AVD-104, a drug candidate for treating geographic atrophy associated with age-related macular degeneration (AMD).
💻 Technology
🛍️ Zension Technologies, a UAE-based e-commerce company for consumer tech, raised a $30M Series A to expand operations.
🌐 Swave Photonics, a Belgium-based semiconductor company, raised a $27.9M Series A, for its Holographic Extended Reality (HXR) which can create true holographic images.
🤖 Sapient Intelligence, a Singapore-based AI company, raised a $22M Seed to expand operations and its development efforts.
Thank you for reading. Have a great week ahead!
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