๐Ÿ“ž Telecom Gains 4%. $200M+ Funding.

Impact Capital Markets #14 looks at our Telecommunications Stock Index, major impact deals and acquisitions, and the upcoming big economic releases.

Today's Topics

  • ๐Ÿ“ž Telecommunications. Index Up 4% YoY Following Some Volatility
  • ๐Ÿ’ฐ Funding. $203M+ Funding in Lithium Battery, Pharmaceutical, Nutraceutical Biotechnology & More
  • ๐Ÿ’ผ Acquisitions. MedTech, Agriculture, Fertility & More
  • ๐Ÿ“… Economics. Major Interest Rate Decisions in next 2 weeks. Euro Area GDP & Inflation Releases + More

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๐Ÿ“ž Telecommunications Index - Up 4% YoY Following Some Volatility

HolonIQ Telecommunications (HIQTELCO).  12-month indexed returns (returns on the index relative to the level on January 26, 2023) exhibited notable volatility. Following a downward trend over much of the last 12 months, there was a subsequent upward shift in the last three months. As of January 2024, Year-on-Year returns stand at over 4% (S&P500: +23%YOY).  

Telco giants such as Verizon, AT&T, and Sprint are competing with one another by focusing on providing value to consumers and corporate clients with bundled services and connection alternatives, including fiber and 5G access. Expansion on 5G networks is a key driver of growth, which would capture new business opportunities, although monetizing 5G services effectively remains a challenge. 

In another industry development, in a move to shake up the UK mobile market, Vodafone (Market Cap: US$ 23.8B) and Three UK announced in June 2023 an agreement to merge, creating the country's largest operator. While Vodafone's shares saw a slight bump at the time of the announcement, the deal faces regulatory hurdles, with Vodafone expecting to complete the deal by end-2024.

๐Ÿ’ฐ Funding

๐Ÿ”‹ Sion Power, an Arizona-based lithium battery manufacturer, raised a $75M Series A from LG Energy Solution to establish a manufacturing line dedicated to producing lithium-metal cells.

โ™ป๏ธ CheckSammy, a Texas-based bulk waste and sustainability operator, raised $45M from I Squared Capital to enhance its ability to support the launch of the Veridiant SaaS Platform and its continued expansion.

๐Ÿงฌ Genetic Design and Manufacturing Corporation (GDMC), a Singapore-based pharmaceutical company that engages in manufacturing and designing genetic medicines, raised a $21M Series A from Celadon Partners.

๐ŸŒฑ Elo Life Systems, a North Carolina-based nutraceutical biotechnology company, raised a $20.5M Series A from Novo Holdings & DCVC Bio to get its monk fruit sweetener to market.

๐Ÿง  Motif Neurotech, a Texas-based neurotechnology company, raised $18.8M Series A from Arboretum Ventures. The funds will be used to progress Motif's lead product, the DOT microstimulator, a miniature brain pacemaker designed for precise brain stimulation to treat mental health disorders by restoring healthy circuit activity.

๐Ÿ“ฆ Packmatic, a Germany-based digital product packaging platform, raised a $16.3M Series A from EQT Ventures. The fund will support Packmaticโ€™s continued expansion in Europe, funding additional investment in software and the acquisition of top industry talent to help propel the business to its next growth stage.

๐Ÿ’‰ IMU Biosciences, a UK-based biotech company working in the field of immune-powered precision medicine, raised a $14.6M Series A from Molten Ventures. The funds will be used to expedite its roadmap, utilize the novel CytAtlasยฎ platform, cultivate strategic partnerships, conduct immune research, and expand operations into the Boston/Cambridge, MA, area.

๐Ÿ”ฌ PRISM BioLab, a Japan-based discovery and development biotechnology company, raised a $10.1M Series C from Santรฉ Holdings & Eli Lilly to refine PRISM's proprietary PepMeticsยฎ chemistry platform, expand biology and screening capabilities, and advance the internal pipeline of PPI inhibitors.

๐Ÿ’Š ZWI Therapeutics, a Massachusetts-based pharmaceutical company, raised a $10M Series A from Sherpa Healthcare Partners & Cowin Venture. The funds will advance R&D, scale manufacturing, and support regulatory activities for their proprietary protein therapeutics technology.

๐Ÿ’ผ Acquisitions

๐Ÿฅ Olympus, a Japan-based MedTech company, acquired TaeWoong Medical, a Korea-based manufacturer of medical devices such as gastrointestinal metallic stents.

๐Ÿ”„ Revolution Company, an Arkansas-based provider of ESG material solutions, acquired PolyAg Recycling, a Canadian mechanical recycler of agricultural films.

๐Ÿฝ TraceGains, a Colorado-based software company specializing in food safety and quality assurance, acquired NutriCalc, a UK-based company that is renowned for its highly accurate nutritional calculation software.

๐Ÿ’‰ Rayner Surgical Group, a UK-based company that manufactures Intraocular lenses and associated instruments used in cataract surgery, acquired This AG, a Switzerland-based medical technology solutions provider.

๐Ÿ‘ถ IBSA, a Swiss multinational pharmaceutical company actively involved in reproductive health, has acquired Aura Fertility, a UK-based app to improve the In Vitro Fertilization (IVF) experience.

โšก๏ธ Mitsubishi HC Capital, a Japanese investment firm, acquired a 20% stake in European Energy, a Danish renewable energy developer.

๐Ÿ“… Economic Calendar

Major Interest Rate Decisions in next 2 weeks. Euro Area GDP & Inflation Releases + More

Thursday January 25th 2024

๐Ÿ‡ฉ๐Ÿ‡ช Germany - Ifo Business Climate, January
๐Ÿ‡ช๐Ÿ‡ฆ Euro Area - ECB Interest Rate Decision
๐Ÿ‡บ๐Ÿ‡ธ US - Durable Goods Orders MoM, December
๐Ÿ‡บ๐Ÿ‡ธ US - GDP Data, Q4

Friday January 26th 2024

๐Ÿ‡ฉ๐Ÿ‡ช Germany - GfK Consumer Confidence , February
๐Ÿ‡บ๐Ÿ‡ธ US - Personal Income and Expenditure Data, December

Tuesday January 30th 2024

๐Ÿ‡ซ๐Ÿ‡ท France - GDP Data, Q4
๐Ÿ‡ฎ๐Ÿ‡น Italy - GDP Data, Q4
๐Ÿ‡ช๐Ÿ‡ฆ Euro Area - GDP Data, Q4
๐Ÿ‡บ๐Ÿ‡ธ US - Employment Data, December

Wednesday January 31st 2024

๐Ÿ‡ฆ๐Ÿ‡บ Australia - Inflation Data, Q4
๐Ÿ‡จ๐Ÿ‡ณ Canada - NBS Manufacturing PMI, January
๐Ÿ‡ฏ๐Ÿ‡ต Japan - Consumer Confidence, January
๐Ÿ‡ซ๐Ÿ‡ท France - Inflation Data, January
๐Ÿ‡ฉ๐Ÿ‡ช Germany - GDP Data, Q4
๐Ÿ‡ฉ๐Ÿ‡ช Germany - Inflation Data, January

Thursday February 1st 2024

๐Ÿ‡บ๐Ÿ‡ธ US - Fed Interest Rate Decision
๐Ÿ‡บ๐Ÿ‡ธ US - Fed Press Conference
๐Ÿ‡จ๐Ÿ‡ณ Canada - Caixin Manufacturing PMI, January
๐Ÿ‡ช๐Ÿ‡ฆ Euro Area - Inflation Data, January
๐Ÿ‡ฎ๐Ÿ‡น Italy - Inflation Data, January
๐Ÿ‡ฌ๐Ÿ‡ง UK - BoE Interest Rate Decision
๐Ÿ‡บ๐Ÿ‡ธ US - ISM Manufacturing PMI, January

Friday February 2nd 2024

๐Ÿ‡บ๐Ÿ‡ธ US - Non Farm Payrolls, January
๐Ÿ‡บ๐Ÿ‡ธ US - Employment Data January

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