> ## Content Index > Fetch the complete content index at: https://newsletters.qs.com/llms.txt > Use this file to discover other available public pages before exploring further. # ๐Ÿค– $110M Robotic Surgery Funding. Solar Index Down 42%. - URL: https://newsletters.qs.com/110m-robotic-surgery-funding-solar-index-down-42/ - Published: 2024-02-22T12:15:50.000Z - Updated: 2024-02-22T12:15:49.000Z - Description: Impact Capital Markets #34 looks at our Solar Energy stock index, major impact deals, M&A, and upcoming economic releases. - Author: QS - Tags: Deals **Kia ora** ๐Ÿ”๏ธ ๐Ÿ“‰ **Today's Global Economic Update:** Canada reported a [2.9% Year-on-Year ](https://www150.statcan.gc.ca/n1/daily-quotidien/240220/dq240220a-eng.htm?ref=newsletters.qs.com)inflation rate for January, down from 3.4% in December, driven by lower transport costs. Shelter prices, a factor influencing the Bank of Canada's interest rate decisions, saw an uptick, however, potentially delaying future rate cuts. ๐Ÿค– **Deal of the Day:** Medical Microinstruments, a developer of medical robotic systems, raised $110M to commercialize its surgical robotics platform. **What's New?** - ๐ŸŒž **Solar Energy.** Solar index down 42% - **๐Ÿ’ฐ Funding.** Medical robotics, virtual care, decarbonization + more - ๐Ÿ’ผ **M&A.** Cold storage & digital health - ๐Ÿ“… **Economics.** Europe inflation data, US GDP data + more *For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com) ## ๐ŸŒž Solar Energy Index down 42% ![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/02/HolonIQ_HolonIQ_Solar_HIQSOLAR_HCH0ALY1FYW4YJSJVHA5-1.png) HolonIQโ€™s Solar Index has seen a decline since July 2023, dropping by 42% over the last 12 months. Key stocks in the index have contributed to this downturn, with Enphase Energy (MCap: US$ 17B) falling by 38% YoY and First Solar (MCap: US$ 16B) by 8%. Although the solar industry experienced a notable increase in installations, reaching record levels in 2023, solar stocks have seen consistent declines since 2Q 2023\. The decline is a result of the high interest environment driving up project costs and, in turn, affecting profitability. Increases in interest rates typically result in higher generation costs for solar and wind power compared to those for natural gas plants. ## **๐Ÿ’ฐ** Funding ๐Ÿค– **Medical Microinstruments,** an Italian medical robotics company, raised a [$110M Series C](https://www.finsmes.com/2024/02/medical-microinstruments-raises-110m-in-series-c-funding.html?ref=newsletters.qs.com) from Fidelity Management & Research Company to commercialize 'Symani Surgical System', its surgical robotics platform. ๐Ÿ’ป **Fabric**, a New York-based health tech company, raised a [$60M Series A](https://www.webwire.com/ViewPressRel.asp?aId=318167&ref=newsletters.qs.com) from General Catalyst to grow its care enablement system and advance AI capabilities. ๐Ÿฉบ **HealthSnap**, a Florida-based virtual care management platform provider for chronic disease management, raised a [$25M Series B](https://www.finsmes.com/2024/02/healthsnap-closes-25m-in-series-b-funding.html?ref=newsletters.qs.com) from Sands Capital to grow its national clinical team and accelerate its product roadmap. ๐ŸŒ **AtmosZero,** a Colorado-based company focused on decarbonizing steam, raised a [$21M Series A](https://www.finsmes.com/2024/02/atmoszero-closes-21m-series-a-funding.html?ref=newsletters.qs.com) from Engine Ventures and 2150 to expand reach in Europe. ๐Ÿง  **Blackbird Health,** a Pennsylvania-based youth mental health provider focusing on neuroscience, raised a [$17M Series A](https://www.finsmes.com/2024/02/blackbird-health-raises-17m-in-series-a-funding.html?ref=newsletters.qs.com) from Define Ventures to expand access to its technology-backed youth mental health model. ๐ŸŽ“ **Empowerly,** a California-based data-driven education technology company, raised a [$15M Series A](https://www.finsmes.com/2024/02/empowerly-raises-15m-in-funding.html?ref=newsletters.qs.com) from Conductive Ventures to continue expanding its college counseling services. ๐Ÿ”ฌ **Insamo,** a California-based cyclic peptide biotechnology company, raised a [$12M Seed](https://www.finsmes.com/2024/02/insamo-raises-12m-in-seed-funding.html?ref=newsletters.qs.com) to expand operations. ๐Ÿš— **Altilium Clean Technology,** a UK-based cleantech group, raised a [$9.4M Series A](https://ians.in/pr-wire-detail/sqm-lithium-ventures-completes-altiliums-usd-12m-series-a-funding-through-follow-on-investment-21-02-2024?ref=newsletters.qs.com) from SQM Lithium Ventures to accelerate the zero-carbon energy transition in the UK and Europe. ๐Ÿ’‰ **Tagomics,** a UK-based platform developer for disease insight and diagnosis, raised a [$8.4M Seed](https://www.finsmes.com/2024/02/tagomics-raises-6-7m-in-funding.html?ref=newsletters.qs.com) from Calculus Capital to accelerate its R&D. ๐Ÿ“š **ZipLines Education**, a California-based education technology company, raised a [$6.4M Series A](https://www.finsmes.com/2024/02/ziplines-education-raises-6-4m-in-series-a-funding.html?ref=newsletters.qs.com) from Jackson Square Ventures to serve more students with proprietary technology products. ## ๐Ÿ’ผ M&A ## โ„๏ธ **Kinzie Capital Partners,** an Illinois-based private equity firm, [acquired](https://www.finsmes.com/2024/02/kinzie-capital-partners-acquires-arctic-industries.html?ref=newsletters.qs.com) Arctic Industries, a Florida-based company specializing in temperature control and cold storage solutions. ๐Ÿฉบ **Aptar Digital Health,** a digital health solutions company based in New York, has [acquired](https://aptardigitalhealth.com/news/aptar-digital-health-announces-acquisition-of-healint/?ref=newsletters.qs.com) Healint, a digital health company based in California known for its virtual clinical studies. ๐Ÿ’Š **DarioHealth Corp,** a New York-based digital therapeutics company, [acquired](https://www.prnewswire.com/news-releases/dario-acquires-twill-creating-one-of-the-most-comprehensive-digital-health-platform-across-the-most-prevalent-chronic-conditions-302067252.html?ref=newsletters.qs.com) Twill, a health technology firm focused on mental health and wellbeing. ## **๐Ÿ“…** Economic Calendar Europe inflation data, US GDP data + more ### Thursday, February 22nd 2024 ๐Ÿ‡บ๐Ÿ‡ธ [US FOMC Minutes](http://www.federalreserve.gov/) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany HCOB Manufacturing PMI (](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com)[Preliminary](https://www.destatis.de/?ref=newsletters.qs.com))[, February](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com) ### Friday, February 23rd 2024 ๐Ÿ‡ฉ๐Ÿ‡ช [Germany Ifo Business Climate, February](https://www.ifo.de/?ref=newsletters.qs.com) ### Tuesday, February 27th 2024 ๐Ÿ‡ฏ๐Ÿ‡ต [Japan Inflation Data, January](https://www.stat.go.jp/?ref=newsletters.qs.com) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany GfK Consumer Confidence, March](https://www.gfk.com/de/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Durable Goods Orders Data, January](https://www.census.gov/?ref=newsletters.qs.com) ### Wednesday, February 28th 2024 ๐Ÿ‡บ๐Ÿ‡ธ [US GDP Growth Data, Q4](http://www.bea.gov/?ref=newsletters.qs.com) ### Thursday, February 29th 2024 ๐Ÿ‡ซ๐Ÿ‡ท [France Inflation Data (Preliminary), Februar](https://www.insee.fr/?ref=newsletters.qs.com)y ๐Ÿ‡ฎ๐Ÿ‡ณ [India GDP Data, Q4](https://www.mospi.gov.in/?ref=newsletters.qs.com) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany Inflation Data (Preliminary), February](https://www.destatis.de/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ฆ [Canada GDP Data, Q4](https://www.statcan.gc.ca/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Core PCE Price Index Data, January](https://www.bea.gov/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Personal Income & Spending Data, January](https://www.bea.gov/?ref=newsletters.qs.com) ### Friday, March 01st 2024 ๐Ÿ‡จ๐Ÿ‡ณ [China NBS & Caixin Manufacturing PMI (Preliminary), February](http://www.stats.gov.cn/?ref=newsletters.qs.com) ๐Ÿ‡ฏ๐Ÿ‡ต [Japan Consumer Confidence, February](https://www.cao.go.jp/?ref=newsletters.qs.com) ๐Ÿ‡ช๐Ÿ‡ฆ [Euro Area Inflation Data (Flash), February](https://ec.europa.eu/eurostat/?ref=newsletters.qs.com) ๐Ÿ‡ฎ๐Ÿ‡น [Italy GDP Data, 2024](https://www.istat.it/?ref=newsletters.qs.com) ๐Ÿ‡ฎ๐Ÿ‡น [Italy Inflation Data (Preliminary), February](https://www.istat.it/?ref=newsletters.qs.com) ๐Ÿ‡ฎ๐Ÿ‡น [Italy Government Budget, 2023](https://www.istat.it/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US ISM Manufacturing PMI ](https://www.ismworld.org/?ref=newsletters.qs.com)[(Preliminary)](https://www.destatis.de/?ref=newsletters.qs.com)[, February ](https://www.ismworld.org/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) --- **Like getting this newsletter?* For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com)*.* --- **Thank you for reading. 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