➕ TouchMath Acquired Classworks. $680M+ VC Funding.
Daily Impact Deals #180 looks at major deals and M&A in impact industries and upcoming economic releases.
Xin chào 🍜
📈 Today's Global Economic Update: The ECB cut the deposit facility rate by 25bps to 3.5%, with the refi rate lowered to 3.65%, to ease monetary policy while aiming to bring inflation back to its 2% target. Inflation projections remain steady, with 2.5% forecast for 2024, and core inflation is expected to decline despite rising domestic wage pressures.
🏭 Deal of the Day: Delek Logistics, an energy services company, acquired Texas-based H2O Midstream for $230M.
What's New?
📚 Education. AI coaching & EdTech
🌍 Climate. Energy services & power plant
🩺 Health. Biotechnology & molecular diagnostics
💻 Technology. Strategic intelligence & cybersecurity
📅 Economics. US fed interest rate, Japan inflation, retail sales + more
📚 Education
🤖 AceUp, a Boston-based startup providing AI-powered coaching for team transformation, raised a $22.5M Series A, The company intends to use the funds to scale operations and accelerate development efforts.
➕ TouchMath, a US-based K12 math education provider, has acquired Classworks, a K12 math EdTech firm, to expand its product offerings.
🌍 Climate
🏭 Delek Logistics, a Brentwood-based energy services company, acquired Texas-based H2O Midstream for $230M to strengthen its operations in the Permian Basin.
🔋 Reverion, a Munich-based startup, raised a $62M Series A from Energy Impact Partners to develop carbon-negative, reversible power plants.
🩺 Health
🧬 Superluminal, a biotechnology company, has raised a $120M Series A to accelerate the development of drugs targeting G protein-coupled receptors (GPCRs) using its integrated platform.
🧪 Inflammatix, a molecular diagnostics company based in Sunnyvale, CA, raised a $57M Series E support regulatory filing and early commercialization its lead product.
💻 Technology
🔍 Strider Technologies, a Utah-based provider of strategic intelligence, has raised a $55M Series C, to advance its AI-driven capabilities into its integrated global intelligence platform.
🛡️ Aembit, a Maryland-based cybersecurity company, raised $25M Series A, to expand operations and its development efforts.
📅 Economic Calendar
US Fed Interest Rate, Japan Inflation, Retail Sales+ More
Friday, September 13th 2024
🇺🇸 US Michigan Consumer Sentiment (Preliminary), September
🇨🇳 China Retail Sales Data, August
Tuesday, September 17th 2024
🇩🇪 Germany ZEW Economic Sentiment Index, September
🇨🇦 Canada Inflation Data, August
🇺🇸 US Retail Sales Data, August
🇯🇵 Japan Balance of Trade, August
Wednesday, September 18th 2024
🇬🇧 UK Inflation Data, August
🇺🇸 US Fed Interest Rate Decision
Thursday, September 19th 2024
🇬🇧 UK BoE Interest Rate Decision
🇯🇵 Japan Inflation Data, August
Friday, September 20th 2024
🇯🇵 Japan BoJ Interest Rate Decision
🇬🇧 UK Retail Sales Data, August
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