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🚒 Overseas Shipholding Acquired. 200M+ VC Funding.

Impact Capital Markets #134 looks at major impact deals, M&A, and upcoming economic releases.

HallΓ³ ❄️

πŸ“ˆ 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%.

πŸš€ 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?

πŸ’° Funding.
Space technology, cardiac health, fintech + more
πŸ’Ό M&A. Maritime transport, AI labs, and data capture software
πŸ“… Economics. US Inflation, UK GDP, balance of trade + more

πŸ’° Funding

πŸš€ 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.

πŸ«€ 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.

πŸͺ™ Payabli, a Florida-based payments infrastructure company, raised a $20M in Series A from Uncorrelated Ventures to accelerate growth and product development.

πŸ’“ 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.

πŸ’Ό M&A

🚒 Saltchuk, a Washington-based transportation and distribution company, acquired Overseas Shipholding Group for $950M, a Florida-based maritime transport company.

πŸ–₯️ AMD, a California-based semiconductor company, acquired Silo AI for $665M, a Finnish AI lab.

πŸ“Š BlueConic, a Massachusetts-based customer data platform, acquired Jebbit, a Massachusetts-based first-party data-capture software company.

πŸ“… Economic Calendar

US Inflation, Balance of Trade + More

Thursday, July 11th 2024

πŸ‡ΊπŸ‡Έ US Core Inflation Data, June
πŸ‡ΊπŸ‡Έ US Inflation Data, June

Friday, July 12th 2024

πŸ‡ΊπŸ‡Έ US PPI Data, June
πŸ‡ΊπŸ‡Έ US Michigan Consumer Sentiment (Preliminary), July
πŸ‡¨πŸ‡³ China Balance of Trade, June

Tuesday, July 16th 2024

πŸ‡©πŸ‡ͺ ZEW Economic Sentiment Index, July
πŸ‡¨πŸ‡¦ Inflation Data, June
πŸ‡ΊπŸ‡Έ Retail Sales, June

Wednesday, July 17th 2024

πŸ‡¬πŸ‡§ Inflation Data, June
πŸ‡ΊπŸ‡Έ Building Permits (Preliminary), June
πŸ‡―πŸ‡΅ Balance of Trade, June

Thursday, July 18th 2024

πŸ‡¬πŸ‡§ Employment Data, May
πŸ‡ͺπŸ‡¦ Deposit Facility Data
πŸ‡ͺπŸ‡¦ ECB Interest Rate Decision
πŸ‡―πŸ‡΅ Inflation Data, June

Friday, July 19th 2024

πŸ‡¬πŸ‡§ Retail Sales, June

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