💰 KKR To Acquire Instructure For $4.8B. 400M + VC Funding.
Impact Capital Markets #145 looks at major deals and M&A in impact industries, and upcoming economic releases.
Sawubona 🦁
📈 Today's Global Economic Update: The consumer sentiment index in Germany, increased to -18.4 points in August from -21.6 in July. The increase is likely driven by higher income expectations for the next 12 months, the highest since October 2021.
🖥️Deal of the Day: Chainguard, a Washington-based cybersecurity company, raised a $140M Series C to expand operations and its development efforts.
What's New?
📚 Education. EdTech
🌍 Climate. ClimateTech, EV + more
💻 Technology. Cybersecurity
🩺 Health. Nutrition, imaging + more
📅 Economics. Euro Area GDP, US Fed interest, inflation data + more
📚 Education
💰 KKR, a New York-based private equity firm, acquired Instructure for $4.8B, a Utah-based learning technology company.
🌍 Climate
💨 Cyan Renewables, an offshore wind vessel operator, acquired MMA Offshore Ltd for $702M to address the ship shortage in the wind industry.
🚗 Applied Intuition, an autonomous vehicle software startup, raised $300M in a secondary round from Fidelity Management & Research Company to expand their product portfolio.
🌦️ First Street, a climate risk modeling company, raised a $46M Series A from Innovation Endeavors to expand its modeling capabilities globally.
🔋 Addionics, a UK-based cost-efficient EV battery developer, raised a $39M Series B from GM Ventures and Deep Insight to expand its manufacturing capabilities.
💻 Technology
🖥️ Chainguard, a Washington-based cybersecurity company, raised a $140M Series C, the company intends to use the funds to expand operations and its development efforts.
🩺 Health
👩🔬 Confo Therapeutics, a Belgian biotech company, raised a $65M Series B from Ackermans & van Haaren to advance its clinical programs targeting rare endocrine diseases and obesity.
💪 Maurten, a Swedish sports nutrition company, raised $21.7M from IRIS Ventures to solve problems that limit athletic performance and to redefine athletic performance through innovation in sports nutrition.
🔬 Scopio Labs, an Israeli digital cell imaging and analysis platform, raised a $42M Series D from Fortissimo Capital to to accelerate its market penetration and expand its global footprint.
📅 Economic Calendar
Euro Area GDP, US Fed Interest, Inflation Data + More
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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