Psyomics Ltd, a UK-based healthtech and University of Cambridge spin-out, has closed a £1.5 million  funding round from existing and new investors to bring its mental health assessment and diagnosis platform, Censeo, to market in the UK. University spinout specialists Parkwalk led the round, joined by fellow existing investors Jonathan Milner, Martlet, and Cambridge Enterprise.

Eagle Genomics, a pioneer in applying network science to biology – particularly linked to the microbiome – has closed $9 million in new scale-up funding. It will use the investment to further develop the capabilities of its powerful AI-augmented, knowledge discovery platform and to drive further commercial expansion across Europe and the US.  Environmental Technologies Fund (ETF) and a consortium of investors from across science, AI and analytics fields have provided this latest, strategically-important round of investment which will support Eagle Genomics’ high-growth ambitions. 

With half of its population under the age of 35 and a rapidly expanding middle class, Vietnam is one of the most dynamic frontier economies. It has also been a COVID-19 success story registering just 35 deaths from 1,168 cases. The effectiveness of its short lockdown meant Vietnam began reopening as long ago as April and the Vietnamese economy is forecast to grow in 2020 despite the pandemic.

Diageo has announced it has reached agreement to acquire BGF portfolio company Chase Distillery, the owner of Chase GB Gin and the award-winning Chase Original Potato Vodka. 

To coincide with National Mentoring Day on 27 October, NatWest and Be the Business have launched a free mentoring programme for female entrepreneurs to provide greater access to sponsors and mentors, in response to findings that show female business owners are at a disadvantage due to a lack of relatable role models and mentors. This pilot programme seeks to address this challenge and help female business owners access high quality mentoring to help build their businesses.

New research from Tech Nation and Dealroom reveals that investment into UK impact startups increased 9.5x between 2014 and 2019. UK impact startups have raised €1.4B so far in 2020 with Cleantech and Climate tech companies raising the most capital of all UK impact startups. 

British Business Investments, a commercial subsidiary of the British Business Bank, has appointed Adam Kelly as Managing Director from 1 November, following the retirement of Peter Garnham.   

Relying on guidance from historical returns is the number one investment mistake made by millionaires, reveals a new global survey carried out by deVere Group.

£50mn raised by Future Fund campaigns accounts for a quarter of all money raised by the crowdfunding industry in last 5 months.

NatWest is to set this year’s National Enterprise Challenge  – the largest enterprise and employability challenge for secondary schools in the UK.

The high street lender has set 14 and 15 year olds from around the UK the challenge to create their own social enterprise to address a common issue affecting their daily life, school, family or local community.

British Patient Capital has committed $35m to The Evolution Technology Fund II. The Fund is expected to achieve a targeted $250m final close in the coming months and is already investing in growing cybersecurity and enterprise software companies.

Evolution Equity Partners has been investing in cybersecurity companies over the past 20 years, building global leaders over several economic cycles, including to IPO. Their strategy targets companies that are making use of big-data, machine learning, artificial intelligence, and SaaS.

– VG, one of Jersey’s largest independent and privately-owned providers of fiduciary and administration solutions, has appointed Steve Langan as a Director* of VG.