British Patient Capital announces its participation in Quantexa’s series C funding round as Quantexa announces the close of the round at $64.7 million (£51.2m).The deal is the first direct investment by British Patient Capital in a company as part of a long-term co-investment strategy that identifies and supports high-potential, later-stage UK companies in its underlying portfolio. In the case of Quantexa, British Patient Capital had a prior exposure via its commitment to Dawn Capital’s third fund. 

Closed Loop Medicine (CLM), the London based therapeutics and health tech company has secured a £250,000 COVID-19 Innovate UK Continuity Funding award to support its ongoing clinical research programme previously secured through the Innovate UK Precision Medicine Accelerator.

A biotech company which is developing new treatments for patients with serious spinal conditions has completed a £2.25m funding round led by Mercia Asset Management to help to continue its ground-breaking research and bring its first products to market.

Independent Growth Finance (IGF), a leading independent commercial finance provider, has appointed Adam Bradbury as ABL Business Development Director. 

Genius Group has completed the acquisition of Entrepreneur Resorts Ltd, comprising luxury resorts and lodges, beach clubs and city co-working hubs for $32.6 million. The acquisition results in a combined entrepreneur education group with over 1.4 million students in 200 countries, and a faculty of 2,000 mentors guiding students to launch and grow their own businesses.

Takarék Venture Capital Fund I. managed by Dutch-Hungarian VC company DBH Investment has invested EUR 2 million into Budapest-based AerinX in a Pre-Series A round. The company develops and provides digital aircraft maintenance solutions. AerinX plans to enter international markets with its highly innovative mixed reality (MR) system for the external inspection and maintenance of aircraft and other aerial vehicles early next year. 

Green Angel Syndicate has completed an investment in online, sustainable grocer, Good Club, as part of a £900k raise. Good Club is an online grocer, selling over 2,000 sustainable staples (70% ambient food, 30% non-food), delivered to consumers nationwide direct from wholesalers. 

Atos SE, a global leader in digital transformation, and RingCentral, Inc., a leading provider of global enterprise cloud communications, collaboration, and contact center solutions, has announced the expansion of their strategic partnership with the launch of a co-branded UCaaS solution called Unify Office by RingCentral.

 Novai, a biotechnology startup originating from University College London, has secured £500,000 in seed funding in a round led by SFC Capital. The funding will be used to further develop Novai’s AI-powered technology that enables standard medical imaging equipment to identify eye disease at a cellular level up to 18 months earlier than current gold-standard processes. 

In recent months the UK government has made one of the great strategic investments. Arguably by accident as a response to extraordinary events. As the Treasury begins work on tackling the looming corporate debt crisis, it only needs to look as far as the Future Fund and its offer of matched funding, that if not repaid will convert into a share of the business, to find the solution. 

Creator Fund, the university-focused venture capital fund, has released its “State of Student Startups” report, which gives a comprehensive national picture of what the UK’s best young minds are starting, and how to best support them. The report found that more than half of UK campus ventures have a foreign student founder.