> ## 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. # ๐ŸŒพ AgTech Grows 3%. $1.3B+ VC Funding Day. - URL: https://newsletters.qs.com/agtech-grows-3-1-3b-vc-funding-day/ - Published: 2024-05-02T11:05:14.000Z - Updated: 2024-05-02T11:05:13.000Z - Description: Impact Capital Markets #84 looks at our AgTech and Smart Farming stock index, major impact deals, M&A, and upcoming economic releases. - Author: QS - Tags: Deals [**Xin chร o**](https://en.wikipedia.org/wiki/Vietnamese%5Flanguage?ref=newsletters.qs.com) **๐Ÿœ** ๐Ÿ“‰ **Today's Global Economic Update:** Euro Area GDP data, released last Wednesday, [revealed a growth of 0.4% YOY, surpassing forecasts of 0.2%](https://ec.europa.eu/eurostat/en/web/products-euro-indicators/w/2-30042024-bp?ref=newsletters.qs.com). This growth signals an improvement from the two previous quarters of 0.1% expansion. **๐ŸŒ Deal of the Day:** CoreWeave, a New Jersey-based AI cloud provider, raised a [$1.1B Series C](https://www.finsmes.com/2024/05/coreweave-raises-1-1-billion-in-series-c-funding.html?ref=newsletters.qs.com) from Coatue to expand operations. **What's New?** **๐ŸŒพ AgTech and Smart Farming.** AgTech grows 3%, volatility continues **๐Ÿ’ฐ Funding.** Cloud services, math support, biotech + more ๐Ÿ’ผ **M&A.** Cancer treatment & healthcare marketing ๐Ÿ“… **Economics.** UK GDP, China inflation, employment data + more ## **๐ŸŒพ** AgTech Grows 3%, Volatility Continues [![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/05/HolonIQ_HolonIQ_AgTech_and_Smart_Farming_HIQAGTCH_HCH03Q8X8NPTGC4NJM8E.png)](https://index.holoniq.com/charts/HCH03Q8X8NPTGC4NJM8E/HolonIQ-AgTech-and-Smart-Farming-%28HIQAGTCH%29?ref=newsletters.qs.com) HolonIQโ€™s Agtech & Smart farming index has risen by 3% over the past three months, rebounding from a downturn earlier in the period. On an annual basis, the Index is down 9%, with volatility in returns persisting. Agrichemical firms faced challenges in late 2023 due to droughts, floods, and insect infestations while developing countries also encounter specific agricultural issues, including limited resources, small landholdings, insufficient water, and credit. Additionally, agricultural and construction equipment manufacturers lowered full-year earnings guidance as demand from farmers reduced, resulting in a decline in stock prices. In February, index performance began to improve following Q4 2023 earnings releases. Corteva's ($38B MCap) shares increased by over 18% backed by rising seed prices. Record corn production in North America for the 2023/24 harvest is expected to fuel profit growth in companies in the region. Rising demand for grains and crop-based biofuels is also improving prospects for the sector. These positive developments have translated into corresponding increases in stock prices, with Corteva ($38B MCap), Nutrien ($26B MCap), and Deere & Co ($108B MCap) experiencing gains of 5%, 4%, and 1% over the past three months. Trends including the integration of AI in agriculture, coupled with government support, promise to increase output, suggesting a positive outlook for the industry's long-term growth. ## **๐Ÿ’ฐ Funding** **๐ŸŒ CoreWeave**, a New Jersey-based AI cloud provider, raised a [$1.1B Series C](https://www.finsmes.com/2024/05/coreweave-raises-1-1-billion-in-series-c-funding.html?ref=newsletters.qs.com) from Coatue to expand operations. **๐Ÿงฎ National Math Stars**, a US-based math support organization raised a [$16.5M Seed](https://www.prnewswire.com/news-releases/national-math-stars-raises-16-5-million-to-find-and-support-mathematically-extraordinary-students-hidden-in-plain-sight-302132690.html?ref=newsletters.qs.com) to provide gifted kids with resources to excel in math and science. **๐Ÿ’Š Remepy**, a New York-based biotech firm, raised a [$10M Seed](https://www.businesswire.com/news/home/20240501687531/en/Remepy-Launches-with-15-Million-in-Funding-To-Bring-First-Hybrid-Drug-To-Market?ref=newsletters.qs.com) from NFX to develop hybrid drugs. **๐Ÿค– Niqo Robotics**, an Indian agritech robotics firm, raised a [$9M Series B](https://entrackr.com/2024/05/exclusive-niqo-robotics-raises-9-mn-in-a-new-round/?ref=newsletters.qs.com) from Brida Innovation Ventures. The funding will help the company further its mission of reshaping crop care. **๐Ÿฅ Piction Health**, a Masachusetts-based telehealth dermatology company, raised a [$6M Seed](https://endpts.com/piction-health-raises-6m-to-cut-wait-times-for-skin-conditions/?ref=newsletters.qs.com) to build out its virtual dermatology clinic. ## **๐Ÿ’ผ M&A** **๐Ÿฉบ Radformation**, a New York-based cancer treatment optimization company [acquired](https://www.businesswire.com/news/home/20240501399645/en/Radformation-to-Accelerate-AI-Based-Solutions-with-Limbus-AI-Acquisition?ref=newsletters.qs.com) Limbus AI, a Canadian cancer radiation therapy software provider. **๐Ÿ’Š Vector Consumer**, a UK-based healthcare marketing agency [acquired](https://www.prnewswire.com/news-releases/vector-consumer-limited-announces-second-acquisition-dose--co-302132866.html?ref=newsletters.qs.com) Dose & Co., an Auckland-based wellness innovation company. ## **๐Ÿ“…** Economic Calendar UK GDP, China Inflation, Employment Data, Balance of Trade + More ### Thursday, May 2nd 2024 ๐Ÿ‡จ๐Ÿ‡ฆ [Canada Balance of Trade Data, March](https://www.statcan.gc.ca/?ref=newsletters.qs.com) ### Friday, May 3rd 2024 ๐Ÿ‡บ๐Ÿ‡ธ [US Employment Data, April](https://www.bls.gov/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US ISM Services PMI, April](https://www.ismworld.org/?ref=newsletters.qs.com) ### Tuesday, May 7th 2024 ๐Ÿ‡ฆ๐Ÿ‡บ [Australia RBA Interest Decision](http://www.rba.gov.au/?ref=newsletters.qs.com) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany Balance of Trade Data, March](https://www.destatis.de/DE/Home/%5Finhalt.html?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ฆ [Canada Ivey PMI s.a, April](https://www.ivey.uwo.ca/?ref=newsletters.qs.com) ### Wednesday, May 8th 2024 ๐Ÿ‡จ๐Ÿ‡ณ [China Balance of Trade Data, April](http://www.customs.gov.cn/?ref=newsletters.qs.com) ### Thursday, May 9th 2024 ๐Ÿ‡ฌ๐Ÿ‡ง [UK BoE Interest Decision](https://www.bankofengland.co.uk/?ref=newsletters.qs.com) ### Friday, May 10th 2024 ๐Ÿ‡ฌ๐Ÿ‡ง [UK GDP Data, Q1](https://www.ons.gov.uk/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ฆ [Canada Employment Data, April](https://www.statcan.gc.ca/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Michigan Consumer Sentiment (Preliminary), May](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ณ [China Inflation Data, April](https://www.stats.gov.cn/?ref=newsletters.qs.com) [](https://www.stats.gov.cn/?ref=newsletters.qs.com) [](https://www.bea.gov/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) [](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) [](https://www.bea.gov/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) [](http://www.sca.isr.umich.edu/?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. Have a great week ahead!** Have some feedback or want to sponsor this newsletter? Let us know at hello@holoniq.com