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# 🚚 WTG Midstream Acquired for $3.25B. 1.10B+ VC Funding.
- URL: https://newsletters.qs.com/wtg-midstream-acquired-for-3-25b-1-10b-vc-funding/
- Published: 2024-07-17T13:27:31.000Z
- Updated: 2024-07-17T13:27:31.000Z
- Description: Impact Capital Markets #138 looks at major deals and M&A in impact industries and upcoming economic releases.
- Author: QS
- Tags: Deals

[**Tero**](https://en.wikipedia.org/wiki/Estonian%5Flanguage?ref=newsletters.qs.com) 🏰

📈 **Today's Global Economic Update:** The CPI in Canada [rose 2.7%](https://www150.statcan.gc.ca/n1/daily-quotidien/240716/dq240716a-eng.htm?ref=newsletters.qs.com) YoY in June, down from 2.9% in May, mainly due to slower gasoline price growth. This has increased the likelihood of a rate cut by the Bank of Canada next week. 

🧑‍⚕️ **Deal of the Day:** Cardurion Pharmaceuticals, a Massachusetts-based biotechnology company, raised a [$260M Series B](https://www.citybiz.co/article/577780/cardurion-pharmaceuticals-raises-260m-in-series-b/?ref=newsletters.qs.com) to conduct later-stage clinical trials.

**What's New?**  
📚 **Education.** Education services  
**🌍 Climate.** Midstream energy, infrastructure + more   
🛰️ **Space & Defense.** Surveillance  
**💻 Technology**. Semiconductors, cloud + more  
**🩺 Health.** Biotech, oncology  
📅 **Economics.** ECB interest rate, US GDP, balance of trade + more

## 📚 Education

## 

🎓 **Perdoceo Education**, an Illinois-based education services provider, signed a definitive agreement to [acquire](https://www.businesswire.com/news/home/20240716368213/en/Perdoceo-Education-Corporation-Signs-Definitive-Agreement-to-Acquire-University-of-St.-Augustine-for-Health-Sciences?ref=newsletters.qs.com) the University of St. Augustine for Health Sciences, a California-based institution. 

## **🌍** Climate  

⚡ **LevelTen Energy**, a Washington-based energy transaction infrastructure provider, raised a [$65M Series D](https://www.finsmes.com/2024/07/levelten-energy-raises-65m-in-series-d-funding.html?ref=newsletters.qs.com) led by B Capital to expand and improve its services. 

🚗 **Blusmart**, an Indian-based ride-hailing startup, raised a [$24M Series B](https://www.bizzbuzz.news/industry/auto/blusmart-raises-rs-200-crore-in-pre-series-b-round-1328791?ref=newsletters.qs.com) to expand its EV charging infrastructure.

🚚 **Energy Transfer**, a Texas-based midstream energy company, completed the [acquisition](https://www.offshore-technology.com/news/energy-transfer-acquires-wtg-midstream/?ref=newsletters.qs.com) of WTG Midstream for $3.2B, a Texas-based midstream energy company.

## 🛰️Space & Defense  

🔒 **KBR**, a Texas-based science & technology company, signed a definitive agreement to [acquire](https://www.prnewswire.com/news-releases/kbr-to-acquire-linquest-expanding-technical-capabilities-across-air-space-and-digital-domains-302197552.html?ref=newsletters.qs.com) LinQuest, a California-based surveillance and reconnaissance technology company.

## **💻** Technology

## 

🖥️ **Tekion**, a California-based cloud-native platform, raised [$200M in Growth Capital](https://www.finsmes.com/2024/07/tekion-raises-200m-in-growth-capital.html?ref=newsletters.qs.com) from Dragoneer Investment Group to expand operations and its development efforts.

💊 **DreamBig**, a Massachusetts-based accelerator platform, raised a [$75M Series B](https://www.finsmes.com/2024/07/dreambig-raises-75m-in-series-b-funding.html?ref=newsletters.qs.com) led by Samsung Catalyst Fund and the Sutardja Family to accelerate the development and commercialization of products.

💾 **DataCore**, a Florida-based data infrastructure company, raised a [$60M in Funding](https://www.finsmes.com/2024/07/datacore-raises-us60m-in-funding.html?ref=newsletters.qs.com), led by Vistara Growth to expand its technology offerings and operational agility.

## 🩺 Health

## 

🧑‍⚕️ **Cardurion Pharmaceuticals**, a Massachusetts-based biotechnology company, raised a [$260M Series B](https://www.citybiz.co/article/577780/cardurion-pharmaceuticals-raises-260m-in-series-b/?ref=newsletters.qs.com) led by Asenta Capital to conduct later stage clinical trials.

⚕️ **Scorpion Therapeutics**, a Massachusetts-based oncology company, raised a [$150M Series C](https://www.finsmes.com/2024/07/scorpion-therapeutics-raises-150m-in-series-c-financing.html?ref=newsletters.qs.com) led by Frazier Life Sciences and Lightspeed Venture Partners to advance its pipeline of oncology programs.

💉 **Asceneuron**, a Switzerland-based biotech company, raised a [$100M Series C](https://www.finsmes.com/2024/07/asceneuron-raises-100m-in-series-c-financing.html?ref=newsletters.qs.com) led by Novo Holdings to advance its lead asset ASN51 into Phase 2 clinical development.

## **📅** Economic Calendar

ECB Interest Rate, US GDP, Balance of Trade + More

### Wednesday, July 17th 2024

[🇺🇸 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)  
[🇪🇦 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))  
[🇨🇦 BoC Interest Rate Decision](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)

[](http://www.customs.gov.cn/?ref=newsletters.qs.com)

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