🧘♂️ Medholdings Acquired MedSmart Wellness. $485M+ VC Funding.
Daily Impact Deals #177 looks at major deals and M&A in impact industries and upcoming economic releases.
Hujambo 🦓
📈 Today's Global Economic Update: The UK's unemployment rate fell to 4.1% from May to July 2024, with 74,000 fewer unemployed people, marking the lowest rate since January. Employment surged by 265K, reaching 33.23M, driven by full-time jobs, while the economic inactivity rate dropped to 21.9%.
🧬 Deal of the Day: Candid, a biopharmaceutical company, has raised $370M to develop bispecific antibodies for treating autoimmune diseases.
What's New?
📚 Education. Ed-tech, employee program, and HR tech
🌍 Climate. Battery storage, energy management, and electric vehicle
🩺 Health. Biopharmaceutical, medical device, and wellness
💻 Technology. IT Services
📅 Economics. Euro area interest rate, Japan inflation, retail sales + more
📚 Education
🎓 LabLabee, an ed-tech company from Lyon, has raised a $3.4M Seed, to accelerate the adoption of 5G, Cloud, and AI technologies through its hands-on training platform for telecom networks.
👔 BenefitHub, an employee discount program provider has acquired Abenity, a private perks program provider to enhance its employee perks and voluntary benefits offerings.
👥 Assessio, a leading assessment company in northern Europe, has acquired Wisnio, a fast-growing HR tech provider, to boost its talent assessment and development solutions
🌍 Climate
🔋 Allegro Energy, an Australian-based battery storage startup, raised a $17.5M Series A, The funds will be used to accelerate their manufacturing capacity.
⚡ Elum Energy, a France-based advanced energy management solutions provider, raised a $13M Series B to increase growth and innovation in renewable energy management.
🔌 Clean Electric, an Indian-based electric vehicle startup, raised a $6M funding round to expand research and development.
🩺 Health
🧬 Candid, a biopharmaceutical company, has raised $370M to develop bispecific antibodies for treating autoimmune diseases.
🩺 Asker Health, a company in the health industry, has acquired Hugo Technology, a UK device repair company as part of its rapid expansion across Europe, marking its sixth major acquisition in 2024.
🧘♂️ Medholdings Group Inc. has acquired MedSmart Wellness Centers, a US-based Wellness center in a strategic move.
💻 Technology
🌐 Gringo, a Brazilian-based technology company, raised a $12.4M Series C to expand nationwide in Brazil.
📅 Economic Calendar
Euro Area Interest Rate, Japan Inflation, Retail Sales+ More
Wednesday, September 11th 2024
🇬🇧 UK GDP Data, July
🇺🇸 US Core Inflation Data, August
🇺🇸 US Inflation Data, August
Thursday, September 12th 2024
🇪🇦 Euro Area ECB Interest Rate Decision
🇺🇸 US PPI Data, August
Friday, September 13th 2024
🇺🇸 US Michigan Consumer Sentiment (Preliminary), September
🇨🇳 China Retail Sales Data, August
Tuesday, September 17th 2024
🇩🇪 Germany ZEW Economic Sentiment Index, September
🇨🇦 Canada Inflation Data, August
🇺🇸 US Retail Sales Data, August
🇯🇵 Japan Balance of Trade, August
Wednesday, September 18th 2024
🇬🇧 UK Inflation Data, August
🇺🇸 US Fed Interest Rate Decision
Thursday, September 19th 2024
🇬🇧 UK BoE Interest Rate Decision
🇯🇵 Japan Inflation Data, August
Friday, September 20th 2024
🇯🇵 Japan BoJ Interest Rate Decision
🇬🇧 UK Retail Sales Data, August
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