๐ข Overseas Shipholding Acquired. 200M+ VC Funding.
Impact Capital Markets #134 looks at major impact deals, M&A, and upcoming economic releases.
Hallรณ โ๏ธ
๐ Today's Global Economic Update: In May 2024, the British economy grew by 0.4% MoM after remaining flat in April, exceeding the forecasted 0.2% increase. This growth was due to improvements in retail, construction, and manufacturing. The services sector increased by 0.3%, and construction output rose by 1.9%.
๐ Deal of the Day: X-Bow, a New Mexico-based space technology company, raised a $70M Series B to accelerate product growth and expand engineering and R&D facilities.
What's New?
๐ฐ Funding. Space technology, cardiac health, fintech + more
๐ผ M&A. Maritime transport, AI labs, and data capture software
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Economics. US Inflation, UK GDP, balance of trade + more
๐ฐ Funding
๐ X-Bow, a New Mexico-based space technology company, raised a $70M Series B from Razor's Edge to accelerate product growth and expand engineering and R&D facilities.
๐ซ Adona Medical, a California-based heart failure intervention innovator, raised a $33.5M Series C from Cormorant Asset Management and TCP Health Ventures to support product development.
๐ช Payabli, a Florida-based payments infrastructure company, raised a $20M in Series A from Uncorrelated Ventures to accelerate growth and product development.
๐ Octagos Health, a Texas-based cardiac monitoring solutions provider, raised a $43M in Series B from Morgan Stanley Expansion Capital to enhance its platform and expand operations.
๐ผ M&A
๐ข Saltchuk, a Washington-based transportation and distribution company, acquired Overseas Shipholding Group for $950M, a Florida-based maritime transport company.
๐ฅ๏ธ AMD, a California-based semiconductor company, acquired Silo AI for $665M, a Finnish AI lab.
๐ BlueConic, a Massachusetts-based customer data platform, acquired Jebbit, a Massachusetts-based first-party data-capture software company.
๐ Economic Calendar
US Inflation, Balance of Trade + More
Thursday, July 11th 2024
๐บ๐ธ US Core Inflation Data, June
๐บ๐ธ US Inflation Data, June
Friday, July 12th 2024
๐บ๐ธ US PPI Data, June
๐บ๐ธ US Michigan Consumer Sentiment (Preliminary), July
๐จ๐ณ China Balance of Trade, June
Tuesday, July 16th 2024
๐ฉ๐ช ZEW Economic Sentiment Index, July
๐จ๐ฆ Inflation Data, June
๐บ๐ธ Retail Sales, June
Wednesday, July 17th 2024
๐ฌ๐ง Inflation Data, June
๐บ๐ธ Building Permits (Preliminary), June
๐ฏ๐ต Balance of Trade, June
Thursday, July 18th 2024
๐ฌ๐ง Employment Data, May
๐ช๐ฆ Deposit Facility Data
๐ช๐ฆ ECB Interest Rate Decision
๐ฏ๐ต Inflation Data, June
Friday, July 19th 2024
๐ฌ๐ง Retail Sales, June
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