🎒 Tutoring up 30%, $40M+ Funding

For over 5 years, HolonIQ has been tracking and analyzing Impact Capital Markets, Foundations and Philanthropies, Venture and Growth Capital, Private Equity and Public Markets.

Now, with more than 50 stock indices being tracked, we're kicking off 2024 with a new daily newsletter for data-driven global leaders looking to understand trends in strategic industries.

Today's Topics

  • 📚 Tutoring. 6 Months of Tutoring Recovery, Index up 30%
  • 💰 Funding. $40M+ for Neuro-SaaS, Dentech, and Environment
  • 💼 Acquisitions. Blackrock infrastructure acquisition + Renesas Electronics
  • 📅 Economics. Trade, GDP and Inflation data coming up

Have feedback or ideas for us? Email hello@holoniq.com — we'd love to hear from you!

📚6 Months of Tutoring Recovery, Index up 30%

HolonIQ Tutoring Index: The index has been on a general upward trend since the beginning of July, increasing by 30%. Chinese tutoring stocks have managed a strong recovery after the post-government crackdown on private tutoring in 2021, where most overhauled their business, shifting from academic to non-academic tutoring focusing on students' overall caliber. Moreover, staff layoffs have led to efficiencies—TAL Education Group (a smart learning solutions provider in China) cut its full-time staff by 83.5% from 2021 to 2023. In addition, TAL Education Group has gone all-in on education and shifted its focus to the "Suzhi" education track, where "Suzhi" education classes made up an average of 60% of TAL's total income in Fiscal Year 23Q3~24 Q2 (fall 2022 to summer 2023). 

In other positive developments in 2023, Nerdy, Inc., commenced providing numerous state-level tutoring programs, Chegg now involves generative AI to generate answers to questions , and Instructure and Khan Academy unveiled groundbreaking AI-powered tutoring and teaching assistants in mid-July 2023.

💰Funding

🦷 Neocis , a Miami based, advanced robotics dental implant company raised $20M from NVIDIA and Mirae Asset Capital  to expand operations and its business reach.

🏫 Mogu SRL, an Italy based, mycelium-based technology company raised a $12M series A to Boost R&D to effectively market high-quality mycelium products for environmental benefits and beyond.

🧠 Rune Labs,a San Francisco, CA-based saas platform with neuromodulation systems raised a $12M to accelerate the adoption of novel parkinson’s technologies.

📦Acquisitions

🏦 BlackRock acquired Global Infrastructure Partners, a NY based infrastructure investing firm that invests in the energy, transportation, water, and waste sectors for $12.5B. 

💉 Renesas Electronics Corporation (TYO:6723), a Tokyo based Semiconductor manufacturer entered into a definitive agreement to acquire Transphorm a Goleta, CA based semiconductor company that produces gallium nitride-based solutions for high-voltage power conversion applications.

📅 Economic Calendar

Anticipate key economic indicators focusing on Balance of Trade, GDP, and Inflation.

Monday January 15th  2024

🇩🇪 Germany - Full Year GDP Growth, 2023

Tuesday January 16th 2024

🇦🇺 Australia - Westpac Consumer Confidence Change, January🇬🇧 UK - Unemployment Rate, November🇩🇪 Germany - ZEW Economic Sentiment Index, January🇨🇦 Canada - Inflation Rate YoY, December

Wednesday January 17th 2024

🇨🇳 China - GDP Growth Rate YoY, Q4🇨🇳 China - Industrial Production YoY, December🇬🇧 UK - Inflation Rate YoY, December🇺🇸 US - Retail Sales MoM, December

Thursday January 18th 2024

🇺🇸 US - Building Permits Prel, December🇯🇵 Japan - Inflation Rate YoY, December🇬🇧 UK - Retail Sales MoM, December🇺🇸 US - Michigan Consumer Sentiment Prel, January

Friday January 19 2024

🇯🇵 Japan - Inflation Rate YoY, December🇬🇧 UK - Retail Sales MoM, December🇺🇸 US - Michigan Consumer Sentiment Prel, January