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# 🧘‍♂️ Medholdings Acquired MedSmart Wellness. $485M+ VC Funding.
- URL: https://newsletters.qs.com/medholdings-acquired-medsmart-wellness-485m-vc-funding/
- Published: 2024-09-12T10:02:06.000Z
- Updated: 2024-09-12T10:02:06.000Z
- Description: Daily Impact Deals #177 looks at major deals and M&A in impact industries and upcoming economic releases.
- Author: QS
- Tags: Deals

[**Hujambo**](https://en.wikipedia.org/wiki/Swahili%5Flanguage?ref=newsletters.qs.com) 🦓

📈 **Today's Global Economic Update:** The UK's unemployment rate [fell to 4.1% from May to July 2024](https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/latest?ref=newsletters.qs.com), with 74,000 fewer unemployed people, marking the lowest rate since January. Employment surged by 265K, reaching 33.23M, driven by full-time jobs, while the economic inactivity rate dropped to 21.9%.

🧬 **Deal of the Day:** Candid, a biopharmaceutical company, has raised [$370M](https://www.finsmes.com/2024/09/candid-therapeutics-raises-370m-in-funding.html?ref=newsletters.qs.com) to develop bispecific antibodies for treating autoimmune diseases.

**What's New?**  
📚 **Education.** Ed-tech, employee program, and HR tech   
**🌍 Climate.** Battery storage, energy management**,** and electric vehicle  
**🩺 Health.** Biopharmaceutical, medical device**,** and wellness  
**💻 Technology.** IT Services  
📅 **Economics.** Euro area interest rate, Japan inflation, retail sales + more

## 📚 Education

  
🎓 **LabLabee,** an ed-tech company from Lyon, has raised a [$3.4M Seed](https://techfundingnews.com/lablabee-bags-3-4m-seed-funding-to-accelerate-5g-cloud-and-ai-adoption-for-telcos-and-more/?ref=newsletters.qs.com), to accelerate the adoption of 5G, Cloud, and AI technologies through its hands-on training platform for telecom networks.

👔 **BenefitHub,** an employee discount program provider has [acquired](https://www.businesswire.com/news/home/20240909759257/en/Inverness-Graham-backed-BenefitHub-Acquires-Abenity-Enhances-Employee-Perks-and-Voluntary-Benefits-Offerings?ref=newsletters.qs.com) Abenity, a private perks program provider to enhance its employee perks and voluntary benefits offerings.

👥 **Assessio,** a leading assessment company in northern Europe, has [acquired](https://www.edtechreview.in/news/assessio-announces-acquisition-of-wisnio-to-boost-hrtech-offerings/?ref=newsletters.qs.com) Wisnio, a fast-growing HR tech provider, to boost its talent assessment and development solutions

## **🌍** Climate

## 

🔋 **Allegro Energy,** an Australian-based battery storage startup, raised a [$17.5M Series A](https://www.pv-magazine-australia.com/2024/09/10/allegro-to-ramp-up-flow-battery-capacity-after-closing-17-5-million-funding-round/?ref=newsletters.qs.com), The funds will be used to accelerate their manufacturing capacity.

⚡ **Elum Energy,** a France-based advanced energy management solutions provider, raised a [$13M Series B](https://solarquarter.com/2024/09/10/elum-energy-secures-13-million-in-series-b-funding-to-accelerate-growth-and-innovation-in-renewable-energy-management-worldwide/?ref=newsletters.qs.com) to increase growth and innovation in renewable energy management.

🔌 **Clean Electric,** an Indian-based electric vehicle startup, raised a [$6M](https://entrackr.com/2024/09/ev-startup-clean-electric-raises-6-mn/?ref=newsletters.qs.com) funding round to expand research and development.

## **🩺** Health

  
🧬 **Candid,** a biopharmaceutical company, has raised [$370M](https://www.finsmes.com/2024/09/candid-therapeutics-raises-370m-in-funding.html?ref=newsletters.qs.com) to develop bispecific antibodies for treating autoimmune diseases.

🩺 **Asker Health,** a company in the health industry, has [acquired](https://www.medicaldevice-network.com/news/asker-health-buys-out-uk-device-repair-company-in-rapid-european-expansion/?cf-view&ref=newsletters.qs.com) Hugo Technology, a UK device repair company as part of its rapid expansion across Europe, marking its sixth major acquisition in 2024.

🧘‍♂️ **Medholdings Group Inc.** has [acquired](https://www.stocktitan.net/news/YUKA/medholdings-group-inc-acquires-med-smart-wellness-enueipqv0mig.html?ref=newsletters.qs.com) MedSmart Wellness Centers, a US-based Wellness center in a strategic move.

## **💻** Technology

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🌐 **Gringo,** a Brazilian-based technology company, raised a [$12.4M Series C](https://latamlist.com/gringo-raises-12-4m-in-series-c-extension/?ref=newsletters.qs.com) to expand nationwide in Brazil.

## **📅** Economic Calendar

Euro Area Interest Rate, Japan Inflation, Retail Sales+ More

### Wednesday, September 11th 2024

[🇬🇧 UK GDP Data, July](http://www.ons.gov.uk/?ref=newsletters.qs.com)  
[🇺🇸 US Core Inflation Data, August](http://www.bls.gov/?ref=newsletters.qs.com)  
[🇺🇸 US Inflation Data, ](http://www.bls.gov/?ref=newsletters.qs.com)[August](http://www.bls.gov/?ref=newsletters.qs.com)

### Thursday, September 12th 2024

[🇪🇦 Euro Area ECB Interest Rate Decision](https://www.ecb.europa.eu/?ref=newsletters.qs.com)  
[🇺🇸 US PPI Data, ](https://www.bls.gov/?ref=newsletters.qs.com)[August](http://www.bls.gov/?ref=newsletters.qs.com)

### Friday, September 13th 2024

[🇺🇸 US Michigan Consumer Sentiment (Preliminary), September](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com)  
[🇨🇳 China Retail Sales Data, ](http://www.stats.gov.cn/?ref=newsletters.qs.com)[August](http://www.bls.gov/?ref=newsletters.qs.com)

### Tuesday, September 17th 2024

[🇩🇪 Germany ZEW Economic Sentiment Index, September](http://www.zew.de/?ref=newsletters.qs.com)  
[🇨🇦 Canada Inflation Data, August](http://www.statcan.gc.ca/?ref=newsletters.qs.com)  
[🇺🇸 US Retail Sales Data, August](https://www.census.gov/?ref=newsletters.qs.com)  
[🇯🇵 Japan Balance of Trade, August](https://www.mof.go.jp/english/index.htm?ref=newsletters.qs.com)

### Wednesday, September 18th 2024

[🇬🇧 UK Inflation Data, August](http://www.ons.gov.uk/?ref=newsletters.qs.com)  
[🇺🇸 US Fed Interest Rate Decision](https://www.federalreserve.gov/)

### Thursday, September 19th 2024

[🇬🇧 UK BoE Interest Rate Decision](https://www.bankofengland.co.uk/?ref=newsletters.qs.com)  
[🇯🇵 Japan Inflation Data, August](http://www.stat.go.jp/?ref=newsletters.qs.com)

### Friday, September 20th 2024

[🇯🇵 Japan BoJ Interest Rate Decision](https://www.boj.or.jp/?ref=newsletters.qs.com)  
[🇬🇧 UK Retail Sales Data, August](http://www.ons.gov.uk/?ref=newsletters.qs.com)

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