> ## 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. # ๐Ÿ–ฅ๏ธ EdTech's 12% Climb. $140M+ Funding Day. - URL: https://newsletters.qs.com/edtechs-12-climb-140m-funding-day/ - Published: 2024-01-23T10:36:47.000Z - Updated: 2024-01-23T10:37:22.000Z - Author: QS - Tags: Deals *Impact Capital Markets #12 looks at our EdTech Stock Index, major impact deals and acquisitions, and the upcoming big economic releases. For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.holoniq.com)*.* **Today's Topics** - **๐Ÿ–ฅ๏ธ** **EdTech.** EdTech up 12%YoY, Sentiment Improving. - **๐Ÿ’ฐ Funding.** $140M+ funding in Health Supplement, Ocean Carbon, Solar, Fitness & Neurodegeneration. - ๐Ÿ’ผ **Acquisitions.** Pharmaceutical, K-12 education, Cotton Processing & More - ๐Ÿ“… **Economics.** Major Interest Rate Decisions in next 2 weeks. Euro Area GDP & Inflation Releases + More Have feedback or ideas for us? Email hello@holoniq.comโ€” we'd love to hear from you! ## **๐Ÿ–ฅ๏ธ EdTech Up 12%YoY, Sentiment Improving** **HolonIQ Education Technology (HIQEDTCH).** The index saw negative indexed returns (returns on the index relative to the level on 23rd Jan 2023) in the 1H of 2023, but it recovered in the 2H of the year. Year-on-Year annual returns were recorded at over 12% in January 2024. Many EdTech companies face a new competitive threat posed by free and open generative AI in 2023\. Market sentiment for providers like Coursera, Chegg, and even Duolingo has been challenged with the concern that students may shift away from traditional EdTech in favor of GenAI powered and potentially free solutions. As the long-term potential for AI in education technology is slowly recognized (or over-promises are blown out), sentiment is gradually improving. Meanwhile, many EdTech companies are launching AI and advanced immersive technologies to harness the potential of AI. Pearson (MarketCap: US$8.5B), a provider of content, assessment, and digital services to learners, announced the availability of generative AI study tools in its academic study material. Chegg (MarketCap: US$1.2B), a homework help and resource platform, revealed CheggMate, an AI-enhanced learning platform created on OpenAI's model, GPT-4, offering a conversational learning companion (an AI tutor). Duolingo (MarketCap: US$7B) also expanded its AI capabilities, launching DuolingoMax early last year, which offers customers role-play-based learning. Government and school leadersโ€™ focus on recovering from learning losses also contributes to increased EdTech adoption, especially for solutions that improve learning experiences and outcomes. Companies like Stride (NYSE:LRN), offer virtual schools and tutoring services that are growing in demand to help students recover academically. ![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/01/HolonIQ_HolonIQ_Education_Technology_HIQEDTCH_HCH30UQI7X1Q8XYAQPYK.png) ## **๐Ÿ’ฐ Funding** **๐Ÿ’Š Bloom Nutrition,** a California-based provider of health supplements helping consumers achieve wellness goals, raised[ $90M](https://www.finsmes.com/2024/01/bloom-nutrition-receives-90m-in-equity-funding.html?ref=newsletters.qs.com) from Nutrabolt. The funds will boost Bloomโ€™s growth, driving demand, fostering product innovation, and expanding capabilities. **๐ŸŒŠ Captura,** a California-based company that provides ocean carbon capturing technology, raised [$21.5M Series A](https://www.globenewswire.com/en/news-release/2024/01/22/2812724/0/en/Captura-raises-US-21-5M-with-investments-from-Maersk-Growth-Eni-Next-and-EDP.html?ref=newsletters.qs.com) from Future Planet Capital. The funds will be used to commercialize its Direct Ocean Capture (DOC) technology, which harnesses the power of the ocean to absorb carbon dioxide (CO2) from the atmosphere. **๐Ÿงฌ Sano Genetics**, a UK-based personalized medicine research platform, raised [$11.4M](https://tech.eu/2024/01/22/sano-genetics-raises-114m-to-advance-precision-medicine-clinical-trials/?ref=newsletters.qs.com) from Plural Platform to advance precision medicine. **โ˜€๏ธ Dayao Green Energy,** a China-based operator of solar photovoltaic power plants, raised [$7M](https://www.iimedia.cn/c1064/98458.html?ref=newsletters.qs.com) from Yunnan Energy International to fund the construction and operation of solar photovoltaic power stations. **๐ŸŽฎ Talofa Games,** a California-based gaming studio developing social fitness games, reportedly raised [$6.3M Seed](https://www.finsmes.com/2024/01/talofa-games-raises-6-3m-in-seed-funding.html?ref=newsletters.qs.com) from Chamaeleon to expand operations and its development efforts. โšก๏ธ **Reel Energy,** a Danish renewable energy sourcing solution, raised [$5.4M Seed](https://tech.eu/2024/01/22/reel-secures-eur5m/?ref=newsletters.qs.com) from Transition to scale its transformative model for B2B renewable electricity supply across Europe. **๐Ÿง  MitoSense,** a Massachusetts-based research and development company focused on neurodegenerative disease treatments, raised [$3.5M Seed](https://www.finsmes.com/2024/01/mitosense-closes-3-5m-in-seed-funding.html?ref=newsletters.qs.com) from Caydan Capital Partners to advance its innovative work in Mitochondria Organelle Transplantation (MOTโ„ข๏ธ). ## ๐Ÿ’ผ **Acquisitions** ## ๐Ÿ’Š **StateServ**, a Arizona-based company that understands the needs of hospice, [acquired](https://www.wfmz.com/news/pr%5Fnewswire/pr%5Fnewswire%5Fpennsylvania/stateserv-announces-acquisition-of-delta-care-rx/article%5Ffb0100d4-2e20-52ff-a4b8-49f77f5e4828.html?ref=newsletters.qs.com) Delta Care Rx, a Pennsylvania-based national pharmaceutical care provider. **๐ŸŽ“ PowerSchool,** a California-based prominent provider of cloud-based software for K-12 education, [acquired](https://in.investing.com/news/powerschool-acquires-allovue-for-enhanced-k12-analytics-93CH-3983114?ref=newsletters.qs.com) Allovue, a Maryland-based software platform that helps school districts create and plan budgets and monitor spending to make financial. ๐Ÿง‘โ€๐Ÿ’ผ **Flores & Associates,** a North Carolina-based human resources company specializing in health savings account administration services, [acquired](https://www.newswire.com/news/flores-associates-llc-acquires-london-health-ltd-22222968?ref=newsletters.qs.com) London Health Administrators, a Rhode Island-based third-party administrator of employee benefit programs. **๐ŸŒพ Louis Dreyfus Company,** a Netherlands-based Merchant Firm involved in agriculture goods, [acquired](https://igrownews.com/louis-dreyfus-company-latest-news/?ref=newsletters.qs.com) Namoi Cotton , an Australian-based cotton processing and marketing organization. **๐ŸŒ Welcome to the Jungle,** a France-based provider of a recruitment platform, [acquired](https://www.finsmes.com/2024/01/welcome-to-the-jungle-acquires-otta.html?ref=newsletters.qs.com) Otta, a UK-based provider of a candidate-first job search platform. ## **๐Ÿ“… Economic Calendar** Major Interest Rate Decisions in next 2 weeks. Euro Area GDP & Inflation Releases + More ### **Tuesday January 23th 2024** ๐Ÿ‡ฆ๐Ÿ‡บ Australia - NAB Business Confidence, December ๐Ÿ‡ฏ๐Ÿ‡ต Japan - BoJ Interest Rate Decision ### **Wednesday January 24th 2024** ๐Ÿ‡ฏ๐Ÿ‡ต Japan - Balance of trade, December ๐Ÿ‡ฉ๐Ÿ‡ช Germany - HCOB Manufacturing PMI (Preliminary), January ๐Ÿ‡จ๐Ÿ‡ฆ Canada - BoC Interest Rate Decision ### **Thursday January 25th 2024** ๐Ÿ‡ฉ๐Ÿ‡ช Germany - Ifo Business Climate, January ๐Ÿ‡ช๐Ÿ‡ฆ Euro Area - ECB Interest Rate Decision ๐Ÿ‡บ๐Ÿ‡ธ US - Durable Goods Orders MoM, December ๐Ÿ‡บ๐Ÿ‡ธ US - GDP Data, Q4 ### **Friday January 26th 2024** ๐Ÿ‡ฉ๐Ÿ‡ช Germany - GfK Consumer Confidence , February ๐Ÿ‡บ๐Ÿ‡ธ US - Personal Income and Expenditure Data, December ### **Tuesday January 30th 2024** ๐Ÿ‡ซ๐Ÿ‡ท France - GDP Data, Q4 ๐Ÿ‡ฎ๐Ÿ‡น Italy - GDP Data, Q4 ๐Ÿ‡ช๐Ÿ‡ฆ Euro Area - GDP Data, Q4 ๐Ÿ‡บ๐Ÿ‡ธ US - Employment Data, December ### **Wednesday January 31st 2024** ๐Ÿ‡ฆ๐Ÿ‡บ Australia - Inflation Data, Q4 ๐Ÿ‡จ๐Ÿ‡ณ Canada - NBS Manufacturing PMI, January ๐Ÿ‡ฏ๐Ÿ‡ต Japan - Consumer Confidence, January ๐Ÿ‡ซ๐Ÿ‡ท France - Inflation Data, January ๐Ÿ‡ฉ๐Ÿ‡ช Germany - GDP Data, Q4 ๐Ÿ‡ฉ๐Ÿ‡ช Germany - Inflation Data, January ### **Thursday February 1st 2024** ๐Ÿ‡บ๐Ÿ‡ธ US - Fed Interest Rate Decision ๐Ÿ‡บ๐Ÿ‡ธ US - Fed Press Conference ๐Ÿ‡จ๐Ÿ‡ณ Canada - Caixin Manufacturing PMI, January ๐Ÿ‡ช๐Ÿ‡ฆ Euro Area - Inflation Data, January ๐Ÿ‡ฎ๐Ÿ‡น Italy - Inflation Data, January ๐Ÿ‡ฌ๐Ÿ‡ง UK - BoE Interest Rate Decision ๐Ÿ‡บ๐Ÿ‡ธ US - ISM Manufacturing PMI, January ### **Friday February 2nd 2024** ๐Ÿ‡บ๐Ÿ‡ธ US - Non Farm Payrolls, January ๐Ÿ‡บ๐Ÿ‡ธ US - Employment 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