🤖 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 🌴
📈 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.
🤖 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?
📚 Education. IXL Learning acquired Carson Dellosa + more
🌍 Climate. Quantum Capital acquires Cogentrix Energy + more
🛰️ Space & Defense. SpaceTech and reusable rockets
💻 Technology. Artificial intelligence
📅 Economics. Balance of trade, employment data, inflation data + more
📚 Education
👨💻 IXL Learning, a California-based EdTech company, acquired Carson Dellosa, a North Carolina-based Learning platform.
💼 Instawork, a California-based on-demand staffing app, acquired Able Jobs, an Indian HR Tech company.
🌍 Climate
⚡ 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.
🔌 Generac Power Solutions, a Wisconsin-based energy solutions company acquired Ageto Energy, a Colorado-based microgrid solutions provider.
🛰️ Space & Defense
🚀 Deep Blue, a Chinese-based company developing reusable rockets, raised a $140M Series B, the funds will be used to commercialize reusable rockets.
🛰️ Muon Space, a California-based space-tech startup, raised a $56.7M Series B, the funds will be used to scale its operations.
💻 Technology
🤖 Groq, a California-based company that specializes in fast AI inference, raised a $640M Series D to scale its capacity.
📅 Economic Calendar
Balance of Trade, Employment Data, Inflation Data + More
Tuesday, August 6th 2024
Wednesday, August 7th 2024
🇩🇪 Germany's Balance of Trade
🇨🇦 Canada Ivey PMI, July
🇦🇺 NAB Business Confidence Index, July
🇨🇳 China Balance of Trade, July
Thursday, August 8th 2024
🇨🇦 Canada Balance of Trade, June
🇨🇳 China Inflation Data, July
Friday, August 9th 2024
🇨🇦 Canada Employment Data, July
Monday, August 12th 2024
🇦🇺 Australia Westpac Consumer Confidence Data, August
Tuesday, August 13th 2024
🇬🇧 UK Unemployment Data, June
🇩🇪 Germany ZEW Economic Sentiment Index, August
🇺🇸 US PPI MoM, July
Wednesday, August 14th 2024
🇬🇧 UK Inflation Data, July
🇺🇸 US Inflation Data, July
🇯🇵 Japan GDP Data (Preliminary), Q2
🇨🇳 China Industrial Production Data, July
🇨🇳 China Retail Sales Data, July
Thursday, August 15th 2024
🇬🇧 UK GDP Data, June
🇺🇸 US Retail Sales Data, July
Friday, August 16th 2024
🇬🇧 UK Retail Sales Data, July
🇺🇸 US Building Permits Prel, July
🇺🇸 US Michigan Consumer Sentiment Prel, August
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