๐ค Quantum Capital To Acquire Cogentrix Energy For $3B. 1B+ VC Funding.
Daily Impact Deals #152 looks at major deals and M&A in impact industries, and upcoming economic releases.
Vanakkam ๐ด
๐ Today's Global Economic Update: The Bank of Japan's key short-term interest rate was raised to 0.25% in July 2024 from 0-0.1%. The BoJ will cut monthly bond-buying to JPY 3 trillion by early 2026 and adjust its bond-purchasing operations in August, signaling a shift towards more conventional measures.
๐ค Deal of the Day: Groq, a California-based company that specializes in fast AI inference, raised a $640M Series D to scale their capacity.
What's New?
๐ Education. IXL Learning acquired Carson Dellosa + more
๐ Climate. Quantum Capital acquires Cogentrix Energy + more
๐ฐ๏ธ Space & Defense. SpaceTech and reusable rockets
๐ป Technology. Artificial intelligence
๐
Economics. Balance of trade, employment data, inflation data + more
๐ Education
๐จโ๐ป IXL Learning, a California-based EdTech company, acquired Carson Dellosa, a North Carolina-based Learning platform.
๐ผ Instawork, a California-based on-demand staffing app, acquired Able Jobs, an Indian HR Tech company.
๐ Climate
โก Quantum Capital Group, a private equity firm is set to acquire U.S. independent power producer Cogentrix Energy for $3B, driven by rising power demand from technological innovations.
๐ Generac Power Solutions, a Wisconsin-based energy solutions company acquired Ageto Energy, a Colorado-based microgrid solutions provider.
๐ฐ๏ธ Space & Defense
๐ Deep Blue, a Chinese-based company developing reusable rockets, raised a $140M Series B, the funds will be used to commercialize reusable rockets.
๐ฐ๏ธ Muon Space, a California-based space-tech startup, raised a $56.7M Series B, the funds will be used to scale its operations.
๐ป Technology
๐ค Groq, a California-based company that specializes in fast AI inference, raised a $640M Series D to scale its capacity.
๐ Economic Calendar
Balance of Trade, Employment Data, Inflation Data + More
Tuesday, August 6th 2024
๐ฆ๐บ RBA Interest Rate Decision
Wednesday, August 7th 2024
๐ฉ๐ช Germany's Balance of Trade
๐จ๐ฆ Canada Ivey PMI, July
๐ฆ๐บ NAB Business Confidence Index, July
๐จ๐ณ China Balance of Trade, July
Thursday, August 8th 2024
๐จ๐ฆ Canada Balance of Trade, June
๐จ๐ณ China Inflation Data, July
Friday, August 9th 2024
๐จ๐ฆ Canada Employment Data, July
Monday, August 12th 2024
๐ฆ๐บ Australia Westpac Consumer Confidence Data, August
Tuesday, August 13th 2024
๐ฌ๐ง UK Unemployment Data, June
๐ฉ๐ช Germany ZEW Economic Sentiment Index, August
๐บ๐ธ US PPI MoM, July
Wednesday, August 14th 2024
๐ฌ๐ง UK Inflation Data, July
๐บ๐ธ US Inflation Data, July
๐ฏ๐ต Japan GDP Data (Preliminary), Q2
๐จ๐ณ China Industrial Production Data, July
๐จ๐ณ China Retail Sales Data, July
Thursday, August 15th 2024
๐ฌ๐ง UK GDP Data, June
๐บ๐ธ US Retail Sales Data, July
Friday, August 16th 2024
๐ฌ๐ง UK Retail Sales Data, July
๐บ๐ธ US Building Permits Prel, July
๐บ๐ธ US Michigan Consumer Sentiment Prel, August
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