🚚 WTG Midstream Acquired for $3.25B. 1.10B+ VC Funding.
Impact Capital Markets #138 looks at major deals and M&A in impact industries and upcoming economic releases.
Tero 🏰
📈 Today's Global Economic Update: The CPI in Canada rose 2.7% YoY in June, down from 2.9% in May, mainly due to slower gasoline price growth. This has increased the likelihood of a rate cut by the Bank of Canada next week.
🧑⚕️ Deal of the Day: Cardurion Pharmaceuticals, a Massachusetts-based biotechnology company, raised a $260M Series B to conduct later-stage clinical trials.
What's New?
📚 Education. Education services
🌍 Climate. Midstream energy, infrastructure + more
🛰️ Space & Defense. Surveillance
💻 Technology. Semiconductors, cloud + more
🩺 Health. Biotech, oncology
📅 Economics. ECB interest rate, US GDP, balance of trade + more
📚 Education
🎓 Perdoceo Education, an Illinois-based education services provider, signed a definitive agreement to acquire the University of St. Augustine for Health Sciences, a California-based institution.
🌍 Climate
⚡ LevelTen Energy, a Washington-based energy transaction infrastructure provider, raised a $65M Series D led by B Capital to expand and improve its services.
🚗 Blusmart, an Indian-based ride-hailing startup, raised a $24M Series B to expand its EV charging infrastructure.
🚚 Energy Transfer, a Texas-based midstream energy company, completed the acquisition of WTG Midstream for $3.2B, a Texas-based midstream energy company.
🛰️ Space & Defense
🔒 KBR, a Texas-based science & technology company, signed a definitive agreement to acquire LinQuest, a California-based surveillance and reconnaissance technology company.
💻 Technology
🖥️ Tekion, a California-based cloud-native platform, raised $200M in Growth Capital from Dragoneer Investment Group to expand operations and its development efforts.
💊 DreamBig, a Massachusetts-based accelerator platform, raised a $75M Series B led by Samsung Catalyst Fund and the Sutardja Family to accelerate the development and commercialization of products.
💾 DataCore, a Florida-based data infrastructure company, raised a $60M in Funding, led by Vistara Growth to expand its technology offerings and operational agility.
🩺 Health
🧑⚕️ Cardurion Pharmaceuticals, a Massachusetts-based biotechnology company, raised a $260M Series B led by Asenta Capital to conduct later stage clinical trials.
⚕️ Scorpion Therapeutics, a Massachusetts-based oncology company, raised a $150M Series C led by Frazier Life Sciences and Lightspeed Venture Partners to advance its pipeline of oncology programs.
💉 Asceneuron, a Switzerland-based biotech company, raised a $100M Series C led by Novo Holdings to advance its lead asset ASN51 into Phase 2 clinical development.
📅 Economic Calendar
ECB Interest Rate, US GDP, Balance of Trade + More
Wednesday, July 17th 2024
🇺🇸 US Building Permits (Preliminary), June
🇯🇵 Japan Balance of Trade, June
Thursday, July 18th 2024
🇬🇧 UK Employment Data, May
🇪🇦 ECB Interest Rate Decision
🇯🇵 Japan Inflation Data, June
Friday, July 19th 2024
Wednesday, July 24th 2024
🇩🇪 Germany GfK Consumer Confidence
🇩🇪 Germany HCOB Manufacturing PMI (Flash)
🇨🇦 BoC Interest Rate Decision
Thursday, July 25th 2024
🇩🇪 Germany Ifo Business Climate
🇺🇸 US Durable Goods Orders Data
🇺🇸 US GDP Growth Data
Friday, July 26th 2024
🇺🇸 US Core PCE Price Index
🇺🇸 US Personal Income & Spending Data
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