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# ⚡$277M Energy Acquisition. $290M+ VC Funding Day.
- URL: https://newsletters.qs.com/277m-energy-acquisition-290m-vc-funding-day/
- Published: 2024-08-21T13:11:01.000Z
- Updated: 2024-08-21T13:11:01.000Z
- Description: Daily Impact Deals #163 looks at major deals and M&A in impact industries and upcoming economic releases.
- Author: QS
- Tags: Deals

[**Sawubona**](https://en.wikipedia.org/wiki/Zulu%5Flanguage?ref=newsletters.qs.com)🦁  
  
📈 **Today's Global Economic Update:** In July, Canada's inflation rate [fell to a 40-month low of 2.5%](https://www.statcan.gc.ca/en/start?ref=newsletters.qs.com), matching expectations and signaling further interest rate cuts by the Bank of Canada, possibly reducing the benchmark rate to 3.75% by year-end. 

💊 **Deal of the Day:** Pathalys Pharma, a private biopharmaceutical company, raised a [$105M Series B](https://www.thepharmaletter.com/pharmaceutical/pathalys-pharma-secures-105-million-dollars-in-series-b-round?ref=newsletters.qs.com).

**What's New?** 
**🌍 Climate.** Oil & Gas and materials tech  
**💻 Technology.** Software engineering  
**🩺 Health.** Biopharma and Healthcare  
📅 **Economics.** Euro area inflation, US GDP, personal income & spending+ more

## **🌍** Climate  

⚡ **Gran Tierra Energy**, a Canadian oil and gas company, signed a definitive agreement to [acquire ](https://oilprice.com/Latest-Energy-News/World-News/Gran-Tierra-Energy-Acquires-i3-Energy-in-175-Million-Deal.html?ref=newsletters.qs.com)i3 Energy for $227M, a UK-based energy company.

♻️ **Fortera**, a California-based materials tech company, raised an [$85M Series C](https://www.finsmes.com/2024/08/fortera-raises-85m-in-series-c-funding.html?ref=newsletters.qs.com) from Khosla Ventures to scale its low-carbon cement technology.

📦 **The Rounds**, a reusable packaging grocery delivery startup, raised a [$24M Series B](https://techcrunch.com/2024/08/20/the-rounds-series-b-funding-round-24-million/?ref=newsletters.qs.com) from Moderne Ventures to expand operations.

## 🩺 Health

## 

💊 **Pathalys Pharma**, a North Carolina-based private biopharmaceutical company, raised a [$105M Series B](https://www.thepharmaletter.com/pharmaceutical/pathalys-pharma-secures-105-million-dollars-in-series-b-round?ref=newsletters.qs.com) from TCGX.

**⚕️** **Even Healthcare,** an Indian healthcare company**,** raised [$20M](https://entrackr.com/2024/08/exclusive-even-healthcare-raises-20-mn-led-by-khosla-venture/?ref=newsletters.qs.com) in a new round from Khosla Ventures. The fresh funding for the Bengaluru-based firm has come after a gap of 20 months.

## **💻** Technology

## 

🌐 **Allstacks**, a North Carolina-based software engineering intelligence platform provider, raised a [$10M Series A](https://www.finsmes.com/2024/08/allstacks-raises-10m-in-series-a-funding.html?ref=newsletters.qs.com) to expand their product capabilities around enterprise scalability.

## **📅** Economic Calendar

Euro Area Inflation, US GDP, Personal Income & Spending + More

### Wednesday, August 21st 2024

[🇺🇸 US FOMC Minutes](http://www.federalreserve.gov/)

### Thursday, August 22nd 2024

[🇩🇪 Germany HCOB Manufacturing PMI (Flash), August](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com)  
[🇯🇵 Japan Inflation Data, July](http://www.stat.go.jp/?ref=newsletters.qs.com)

### Monday, August 26th 2024

[🇩🇪 Germany Ifo Business Climate, August](https://www.ifo.de/?ref=newsletters.qs.com)  
[🇺🇸 US Durable Goods Orders Data, July](https://www.census.gov/?ref=newsletters.qs.com)

### Tuesday, August 27th 2024

[🇦🇺 Australia Monthly CPI Indicator, Ju](https://www.abs.gov.au/?ref=newsletters.qs.com)ly

### Wednesday, August 28th 2024

[🇩🇪 Germany GfK Consumer Confidence](https://www.gfk.com/de/?ref=newsletters.qs.com), September

### Thursday, August 29th 2024

[🇩🇪 Germany Inflation Data (Preliminary), ](https://www.destatis.de/DE/Home/%5Finhalt.html?ref=newsletters.qs.com)August  
[🇺🇸 US GDP Growth Data, Q2](http://www.bea.gov/?ref=newsletters.qs.com)

### Friday, August 30th 2024

[🇯🇵 Japan Consumer Confidence Index, August](https://www.cao.go.jp/?ref=newsletters.qs.com)  
[🇫🇷 France Inflation Data (Preliminary), August](https://www.insee.fr/fr/accueil?ref=newsletters.qs.com)  
[🇪🇦 Euro Area Inflation Data Flash, ](https://ec.europa.eu/eurostat/?ref=newsletters.qs.com)[Augus](https://www.insee.fr/fr/accueil?ref=newsletters.qs.com)t  
[🇮🇹 Italy Inflation Data (Preliminary), July](https://www.istat.it/?ref=newsletters.qs.com)  
[🇮🇳 India GDP Growth Data, Q2](https://www.mospi.gov.in/?ref=newsletters.qs.com)  
[🇨🇦 Canada Growth Data, Q2](https://www.statcan.gc.ca/?ref=newsletters.qs.com)  
[🇺🇸 US Core PCE Price Index, July](https://www.bea.gov/?ref=newsletters.qs.com)  
[🇺🇸 US Personal Income & Spending Data, July](https://www.bea.gov/?ref=newsletters.qs.com)  
[🇨🇳 China NBS Manufacturing PMI, ](https://www.stats.gov.cn/?ref=newsletters.qs.com)[ August](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com)

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