🚢 Overseas Shipholding Acquired. 200M+ VC Funding.
Impact Capital Markets #134 looks at major impact deals, M&A, and upcoming economic releases.
Halló ❄️
📈 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%.
🚀 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?
💰 Funding. Space technology, cardiac health, fintech + more
💼 M&A. Maritime transport, AI labs, and data capture software
📅 Economics. US Inflation, UK GDP, balance of trade + more
💰 Funding
🚀 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.
🫀 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.
🪙 Payabli, a Florida-based payments infrastructure company, raised a $20M in Series A from Uncorrelated Ventures to accelerate growth and product development.
💓 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.
💼 M&A
🚢 Saltchuk, a Washington-based transportation and distribution company, acquired Overseas Shipholding Group for $950M, a Florida-based maritime transport company.
🖥️ AMD, a California-based semiconductor company, acquired Silo AI for $665M, a Finnish AI lab.
📊 BlueConic, a Massachusetts-based customer data platform, acquired Jebbit, a Massachusetts-based first-party data-capture software company.
📅 Economic Calendar
US Inflation, Balance of Trade + More
Thursday, July 11th 2024
🇺🇸 US Core Inflation Data, June
🇺🇸 US Inflation Data, June
Friday, July 12th 2024
🇺🇸 US PPI Data, June
🇺🇸 US Michigan Consumer Sentiment (Preliminary), July
🇨🇳 China Balance of Trade, June
Tuesday, July 16th 2024
🇩🇪 ZEW Economic Sentiment Index, July
🇨🇦 Inflation Data, June
🇺🇸 Retail Sales, June
Wednesday, July 17th 2024
🇬🇧 Inflation Data, June
🇺🇸 Building Permits (Preliminary), June
🇯🇵 Balance of Trade, June
Thursday, July 18th 2024
🇬🇧 Employment Data, May
🇪🇦 Deposit Facility Data
🇪🇦 ECB Interest Rate Decision
🇯🇵 Inflation Data, June
Friday, July 19th 2024
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