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# ⚙️ Stelco Holdings Acquired For $2.5B. $450M+ VC Funding.
- URL: https://newsletters.qs.com/stelco-holdings-acquired-for-2-5b-450m-vc-funding/
- Published: 2024-07-16T12:38:42.000Z
- Updated: 2024-07-17T10:01:32.000Z
- Description: Impact Capital Markets #137 looks at major deals and M&A in impact industries and upcoming economic releases.
- Author: QS
- Tags: Deals

[**Talofa**](https://en.wikipedia.org/wiki/Talofa?ref=newsletters.qs.com#:~:text=Talofa%20is%20a%20salutation%20or,salutation%20To%20life%2C%20live%20long!) 🌴

📈 **Today's Global Economic Update:** The ZEW Economic Sentiment Index for Germany [fell to 41.8 in July](https://www.zew.de/en/press/latest-press-releases/expectations-fall-for-the-first-time-in-a-year?ref=newsletters.qs.com#:~:text=The%20ZEW%20Indicator%20of%20Economic%20Sentiment%20for%20Germany%20recorded%20a,situation%20in%20Germany%20slightly%20improved.), below market expectations. Uncertainty in the future direction of monetary policy and declining exports are likely contributing to the worsening sentiment.

🏭 **Deal of the Day:**  Halo Industries, a Santa Clara-based company creating laser manufacturing technology, raised a [$80M Series B](https://finance.yahoo.com/news/halo-industries-closes-80-million-130000672.html?guccounter=1&guce%5Freferrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce%5Freferrer%5Fsig=AQAAAICikx%5FIFsvIIuKKBJTHin%5F8afI0AJS-KRMyrpoh0iEvOR7R6Oex4%5FtEvJq-YaB7Howyyv5kxFUBkudB7u9fDtUWrBVbPCLTJ5vLsfPKrl6LgRw7SD4IDZfaXP3Kfh3AcBWg-ss7Dr0OxsUamdkUR5qwQJNyQpoz-RaY6fUKWDw0&ref=newsletters.qs.com) to expand its commercial reach.

**What's New?**  
📚 **Education.** Workforce training & higher education  
**🌍 Climate.** Infrastructure, laser manufacturing   
**💻 Technology**. Biometrics    
**🩺 Health.** Biotech, oncology & revenue management  
📅 **Economics.** ECB interest rate, UK inflation, balance of trade + more

## 📚 Education

## 

👔 **doinstruct**, a German startup provider of a video-based digital platform for employee onboarding and training, has raised [$7.6M](https://www.eu-startups.com/2024/07/berlin-based-doinstruct-raises-e7-6-million-to-address-frontline-worker-skills-shortages/?ref=newsletters.qs.com) in funding.

🎓 **The British Education Group**, which owns several educational institutions in Nepal, Dubai, and London, [acquired](https://kathmandupost.com/money/2024/07/14/british-education-group-acquires-125-year-old-college-in-canada?ref=newsletters.qs.com) the Maritime Business College in Canada.

## **🌍** Climate  

🏭 **Halo Industries,** a Santa Clara-based company creating laser manufacturing technology, raised a [$80M Series B](https://finance.yahoo.com/news/halo-industries-closes-80-million-130000672.html?guccounter=1&guce%5Freferrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce%5Freferrer%5Fsig=AQAAAICikx%5FIFsvIIuKKBJTHin%5F8afI0AJS-KRMyrpoh0iEvOR7R6Oex4%5FtEvJq-YaB7Howyyv5kxFUBkudB7u9fDtUWrBVbPCLTJ5vLsfPKrl6LgRw7SD4IDZfaXP3Kfh3AcBWg-ss7Dr0OxsUamdkUR5qwQJNyQpoz-RaY6fUKWDw0&ref=newsletters.qs.com).

⚙️ **Cleveland-Cliffs Inc.**, a major American steel producer, is set to [acquire](https://www.cbc.ca/news/canada/hamilton/hamilton-stelco-cleveland-cliffs-1.7263684?ref=newsletters.qs.com#:~:text=X-,Hamilton%2Dbased%20steelmaker%20Stelco%20Holdings%20Inc.%20is%20set%20to%20be,the%20Ohio%2Dbased%20steel%20producer.) Stelco Holdings Inc., a Canadian steel company for $2.5B (CAD 3.4b).

## **💻** Technology  

🔐 **Aisles,** a retail AI and biometrics company, raised [$100M in funding](https://www.biometricupdate.com/202407/retail-ai-and-biometrics-provider-aisles-raises-100m-to-launch-investment-arm?ref=newsletters.qs.com) from the same investors as its Series A round to launch a new investment arm.

## 🩺 Health

## 

🧠 **Asceneuron,** a Swiss biotech company, raised a [$100M Series C](https://www.biopharmadive.com/news/asceneuron-alzheimers-fundraise-biotech-novo-merck-serono/721230/?ref=newsletters.qs.com#:~:text=Asceneuron%2C%20a%20Switzerland%2Dbased%20biotechnology,and%20other%20nerve%2Ddestroying%20disorders.) from controlling shareholder of Novo Nordisk to fund clinical trials for its Alzheimer's disease treatments.

🎗️ **Thyme Care,** a startup focused on cancer care, has raised a [$95M Series C](https://www.statnews.com/2024/07/16/value-based-care-oncology-startup-thyme-care-high-profile-investors/?ref=newsletters.qs.com) aiming to reduce costs and improve patient outcomes.

📊 **Med-Metrix,** a Revenue Cycle Management solutions provider backed by A&M Capital Partners, has [acquired](https://www.prnewswire.com/news-releases/med-metrix-announces-the-acquisition-of-hrsi-augmenting-the-companys-eligibility-management-capabilities-302194506.html?ref=newsletters.qs.com) Healthcare Receivable Specialists.

## **📅** Economic Calendar

ECB Interest Rate, UK Inflation, Balance of Trade + More

### Tuesday, July 16th 2024

[🇩🇪 Germany ZEW Economic Sentiment Index, July](https://www.zew.de/?ref=newsletters.qs.com)  
[🇨🇦 Canada Inflation Data, June](https://www.statcan.gc.ca/?ref=newsletters.qs.com)  
[🇺🇸 US Retail Sales, June](https://www.census.gov/?ref=newsletters.qs.com)

### Wednesday, July 17th 2024

[🇬🇧 UK Inflation Data, June](https://www.ons.gov.uk/?ref=newsletters.qs.com)  
[🇺🇸 US Building Permits (Preliminary), June](https://www.census.gov/?ref=newsletters.qs.com)  
[ 🇯🇵 Japan Balance of Trade, June](https://www.mof.go.jp/english/index.htm?ref=newsletters.qs.com)

### Thursday, July 18th 2024

[🇬🇧 UK Employment Data, May](https://www.ons.gov.uk/?ref=newsletters.qs.com)  
[🇪🇦 Euro Area Deposit Facility Data](https://www.ecb.europa.eu/home/html/index.en.html?ref=newsletters.qs.com)  
[🇪🇦 Euro Area ECB Interest Rate Decision](https://www.ecb.europa.eu/home/html/index.en.html?ref=newsletters.qs.com)  
[🇯🇵 Japan Inflation Data, June](https://www.stat.go.jp/?ref=newsletters.qs.com)

### Friday, July 19th 2024

[🇬🇧 UK Retail Sales, June](https://www.ons.gov.uk/?ref=newsletters.qs.com)

### Wednesday, July 24th 2024

[🇩🇪](https://www.gfk.com/de/home?ref=newsletters.qs.com) [Germany GfK Consumer Confidence](https://www.gfk.com/de/home?ref=newsletters.qs.com)  
[🇩🇪 Germany HCOB Manufacturing PMI (Flash](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com))  
[🇨🇦 Canada BoC Interest Rate Decision](https://www.bankofcanada.ca/?ref=newsletters.qs.com)  
[🇨🇦 Canada BoC Monetary Policy Report](https://www.bankofcanada.ca/?ref=newsletters.qs.com)

### Thursday, July 25th 2024

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

### Friday, July 26th 2024

[🇺🇸 US Core PCE Price Index](https://www.bea.gov/?ref=newsletters.qs.com)  
[🇺🇸 US Personal Income & Spending Data](https://www.bea.gov/?ref=newsletters.qs.com)

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