💰Global Impact Deals #7
Happy Monday 👋
This week’s edition dives into the latest funding deals and groundbreaking advancements shaping the global impact landscape. From biopharmaceutical innovations to drones development, discover the key transactions and trends making waves in Education, Climate, Health, Space and Defense, and Technology.
🤖 Deal of the Week: xAI, a tech company, raised $6B to accelerate its AI development and expand operations.
What's New?
📚 Education. Pre-School, employee engagement and gig economy payments
🌍 Climate. Renewable energy, Direct Air Capture & ag tech
🏥 Health. Biotech, biopharma and cardiovascular imaging
🪐 Space and Defense. Space tech, defense & response and AI Security
💻 Technology. AI development, data protection and open-source AI software
📚 Education
🎓 Livingbridge, a UK-based private equity firm focused on growth investments, acquired Kindred Education, a UK-based provider of early years education, to support its expansion in the sector.
👥 Verint, a US-based customer engagement solutions provider, acquired Cogito, a US-based AI platform specializing in real-time conversational analytics to enhance customer experience and employee engagement.
💶 Gig Wage, a Dallas-based platform for gig economy payments, raised an additional $8.25M Series A to support its growth and technology development.
🌱 Climate
🌞 TotalEnergies acquired renewable energy platform VSB Group from Partners Group for $1.6B while divesting half of its 2 GW Texas renewable energy portfolio.
🌳 Heirloom, a California-based Direct Air Capture (DAC) technology company, raised a $150M Series B from Lowercarbon Capital to scale its DAC solutions.
🌱 Techcoop, a Vietnamese ag-tech company raised a $70M Series A , from TNB Aura and AVV, to expand operations.
🏥 Health
💉 Nuvig Therapeutics, a California-based biotech company raised a $161M Series B from to advance its second-generation immunomodulator drug to Phase 2 trials.
🧬Maze Therapeutics, a California-based biopharmaceutical company raised a $115M Series D from Deep Track Capital and Frazier Life Sciences to advance its biopharmaceutical innovations.
❤️ Cleerly, a Colorade-based cardiovascular imaging company, raised a $106M Series C extension from Insight Partners and Battery Ventures to advance its cardiovascular imaging technology for better heart disease care.
🪐 Space and Defense
🛰️ AeroVironment, Arlington based, acquired BlueHalo, for $4.1B, a space technology company , developing drones and laser weapon systems.
🔒 Tuskira, a CA-based cyber defense & response platform, raised $28M from Intel Capital and SYN Ventures to accelerate product innovation.
🛡️ Prompt Security, a leader in Generative AI Security, raised a $18M Series A from Jump Capital to safeguard enterprises from GenAI threats with visibility and governance.
💻 Technology
🤖 xAI, a tech company, raised $6B to accelerate its AI development and expand operations, with a goal to enhance its AI models and compete with industry leaders.
📊 Veeam, a tech company specializing in data protection, raised $2B from TPG to fuel growth and prepare for an IPO.
💾 Tenstorrent, the RISC-V design house, raised a $693M Series D to expand its open-source AI software stacks, hire developers, and enhance its global development and design centers.
Thank you for reading. Have a great week ahead!
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