> ## 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. # 🩺 China Health Care Declines 45%. $100M Sustainability Funding ++ - URL: https://newsletters.qs.com/china-health-care-declines-45-100m-sustainability-funding/ - Published: 2024-02-02T10:12:09.000Z - Updated: 2024-02-02T10:12:09.000Z - Description: Impact Capital Markets #20 looks at our China Healthcare Index, major impact deals and acquisitions, and the upcoming economic releases. - Author: QS - Tags: Deals Thursday's Eurozone inflation report revealed a [slight dip in the headline rate to 2.8%](https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Inflation%5Fin%5Fthe%5Feuro%5Farea&ref=newsletters.qs.com#:~:text=Euro%20area%20annual%20inflation%20is,from%202.9%20%25%20in%20December%202023.&text=The%20%EF%AC%81gures%20presented%20in%20this,of%20Consumer%20Prices%20%28HICP%29.), sparking speculation about a European Central Bank rate cut. However, the persistence of core inflation and a robust job market suggests any move might be delayed until June. **Today's Topics** - 🩺 **China Healthcare.** China Healthcare Index Down \~45% - **πŸ’° Funding.** Watershed raises $100M + Other deals in climate & health - πŸ’Ό **Acquisitions.** Fitness & School Transport - πŸ“… **Economics.** Major Interest Rate Decisions in next 2 weeks. Euro Area GDP & Inflation Releases + More *For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com)*.* ## **🩺 China Healthcare Index Down \~45%** ![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/02/HolonIQ_HolonIQ_China_Health_HIQCHLTH_HCHRG1WDKC1S4KUE3QAL.png) HolonIQ China Health (HIQCHLTH).12-month Indexed returns (returns on the index relative to the level on February 03, 2023) have been on a downward trend, decreasing to 45% YoY in January 2024. China's recent anti-corruption measures may have prompted short-term investor aversion to healthcare stocks, contributing to a decline in the index's performance. Simultaneously, the nation confronts a demographic challenge with consecutive yearly population declines and a record-low birth rate. Despite these issues, there is potential for a reversal of this trend. In response to an aging population, China is leveraging digital technology to innovate healthcare, particularly in smart medicine. Moreover, there is a concerted effort to improve medical care for critical pregnant women, emphasizing a commitment to maternal health. In a broader health context, China has unveiled a comprehensive plan targeting heart and brain diseases, outlining long-term strategies for improved public health outcomes. These initiatives demonstrate China's proactive approach to addressing healthcare challenges. ## **πŸ’° Funding** 🌍 **Watershed,** a California-based enterprise sustainability platform provider, raised a [$100M Series C ](https://www.finsmes.com/2024/02/watershed-raises-100m-in-series-c-at-1-8b-valuation.html?ref=newsletters.qs.com) from Greenoaks to expand operations and its business reach. βš•οΈ **SPR Therapeutics,** an Ohio-based private medical device company, raised a [$85M Series D](https://www.finsmes.com/2024/02/spr-therapeutics-raises-85m-in-additional-funding.html?ref=newsletters.qs.com) from Revelation Partners. The funds will leverage commercial momentum, customer demand, and market opportunities to expand sales representation in more U.S. territories. 🧬 **Basking Biosciences,** an Ohio-based clinical-stage biopharmaceutical company specializing in stroke treatment, raised [$55M](https://www.finsmes.com/2024/02/basking-biosciences-closes-55m-financing.html?ref=newsletters.qs.com) from ARCH Venture Partners. The funds will be used to fast-track the development of a novel RNA aptamer targeting von Willebrand Factor (vWF) for rapid, short-term effects. πŸ₯ **Cohere Health,** a Massachusetts-based patient-centric SaaS solution provider, raised a [$50M Series C](https://www.prnewswire.com/news-releases/cohere-health-raises-50-million-in-equity-to-meet-increased-demand-for-ai-driven-transformation-of-prior-authorization-process-302050005.html?ref=newsletters.qs.com) from Deerfield Management. The funds will be used for the company's expansion to meet the increasing demand for Cohere's intelligent prior authorization platform. 🩺 **Avation Medical,** an Ohio-based neuromodulation and digital health company, raised a [$22M Series C](https://www.finsmes.com/2024/02/avation-medical-raises-22m-in-equity-funding.html?ref=newsletters.qs.com)an from ShangBay Capital and Asahi Kasei to launch its Vivally System. πŸ”¬ **ArteraAI,** a California-based health tech company specializing in personalized cancer treatments, raised [$20M](https://www.finsmes.com/2024/02/arteraai-raises-additional-20m-in-funding.html?ref=newsletters.qs.com). The funds will be used for the company's international expansion and commercial growth and its test. ⚑️ **Greenerwave,** a French electromagnetic wave control technology company, raised a [$16.2M Series A](https://tech.eu/2024/02/01/greenerwave-raises-15m-to-deploy/?ref=newsletters.qs.com) to advance breakthrough tech in electromagnetic wave control through reconfigurable intelligent surfaces (RIS) and algorithms. 🌿 **Planet A Foods,** a Germany-based B2B sustainable ingredients company, raised a [$15.4M Series A](https://techcrunch.com/2024/02/01/planet-a-foods-cocoa-free-chocolate/?ref=newsletters.qs.com) from World Fund to take its cocoa-free chocolate global. 🧬 **NeoPhore,** a UK-based small molecule neoantigen immuno-oncology company, raised a [$12.2M Series B](https://www.prnewswire.com/news-releases/neophore-raises-an-additional-9-6m-usd-12-2m-series-b-financing-extension-to-further-progress-drug-discovery-pipeline-302049679.html?ref=newsletters.qs.com) from its existing investors to progress NeoPhore's lead oral program, through early pre-clinical development. 🩻 **Carpl**, a California-based radiology tech startup, raised [$6M](https://www.finsmes.com/2024/02/carpl-raises-6m-in-funding.html?ref=newsletters.qs.com) from Stellaris Venture Partners to expand operations and continue building its tech stack. πŸ’Š **Perelel,** a California-based vitamin company, raised a [$6M Series A](https://www.finsmes.com/2024/02/perelel-raises-6m-in-series-a-funding.html?ref=newsletters.qs.com) to grow its team to develop new products. 🩺 **Proniras,** a Washington-based clinical-stage biotechnology company, raised a [$4.65M Series B](https://www.finsmes.com/2024/02/proniras-secures-4-65-in-series-b-financing.html?ref=newsletters.qs.com) from Accelerator Life Science Partners and ARCH Venture Partners to back a phase 1 clinical study for a novel treatment. πŸ‘Ά **Harbor,** a Texas-based infant care technology company, raised a [$3.7M Seed](https://www.finsmes.com/2024/02/harbor-raises-3-7m-in-seed-funding.html?ref=newsletters.qs.com) from Trust Ventures to expand operations and its business reach. πŸ§ͺ **LimmaTech Biologics,** a Swiss clinical-stage biopharmaceutical company, raised a [$3M Series A](https://www.businesswire.com/news/home/20240201709594/en/LimmaTech-Biologics-Adds-Additional-3-Million-in-Series-A-Second-Closing-Bringing-Total-Raised-to-40-Million?ref=newsletters.qs.com) from Tenmile. The funds will be used to advance proprietary vaccine tech and expedite the development of a pipeline addressing global antimicrobial resistance. ## πŸ’Ό **Acquisitions** πŸ‹οΈ **Xplor Technologies,** a West Sussex-based global platform combining SaaS solutions, [acquired](https://www.xplortechnologies.com/us/about/press/xplorgym-membr?ref=newsletters.qs.com) Membr, a Salford-based fitness platform that connects the fitness industry with its members. 🚌 **Zeelo,** a London-based TransitTech company that provides a mobility platform for transportation services, [acquired](https://tech.eu/2024/02/01/zeelo-acquires-uk-based-school-transport-specialist-kura/?ref=newsletters.qs.com) Kura, a UK-based company that specializes in school transportation and transport safeguarding software. ## **πŸ“… Economic Calendar** Major Interest Rate Decisions in next 2 weeks. Euro Area GDP & Inflation Releases + More ### **Friday February 2nd 2024** πŸ‡ΊπŸ‡Έ US - Non Farm Payrolls, January πŸ‡ΊπŸ‡Έ US - Employment Data January ### **Monday February 5th 2024** πŸ‡¦πŸ‡Ί Australia - Balance of Trade, December πŸ‡©πŸ‡ͺ Germany - Balance of Trade, December πŸ‡ΊπŸ‡Έ US - SM Services PMI, January ### **Tuesday February 6th 2024** πŸ‡¦πŸ‡Ί Australia - RBA Interest Rate Decision πŸ‡¨πŸ‡¦ Canada - Ivey PMI s.a , January ### **Wednesday February 7th 2024** πŸ‡¨πŸ‡¦ Canada - Balance of Trade , December ### **Thursday February 8th 2024** πŸ‡¨πŸ‡³ China - Inflation Data, January ### **Friday February 9th 2024** πŸ‡¨πŸ‡¦ Canada - Unemployment Data, January --- **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