May 2022

Compono, an investee company within the Deepbridge Technology Growth EIS portfolio, has appointed Trent Innes, former Managing Director of Xero Australia and Asia, as its new CEO, effective from May 2nd 2022. 

Innes will bring extensive experience to the role after spending eight years at Xero, where he worked as a national go-to-market director for two years before being promoted in 2016. 

School Wellbeing Accelerator, an investee company within the Deepbridge Life Sciences EIS portfolio, has won the ‘Best Wellbeing Solution’ at the Education Resources Awards (ERA) 2022. An award to highlight pupil & staff wellbeing and safeguarding in the primary and secondary sector. 

Aegiq, a University of Sheffield spin-out developing networking technology that's secure in the quantum computing age, has closed a Seed funding round totalling almost £4 million ($4.9M USD) for its quantum photonics platform.  

SmallSpark Space Systems, an award-winning rocket propulsion innovation company which is part of the Deepbridge Technology Growth EIS fund, has been awarded funding by Research England via their SPRINT programme. This funding will be used to collaborate with Dr Fengshu Yang and the University of Leicester to develop a new iteration of rocket propellant for its S4-HIVE rocket engine. 

One of Deepbridge Capital's Technology Growth EIS Companies, Hurricane Modular Commerce Limited, has recently agreed a strategic partnership with AEB (International) to provide the complete cross-border e-commerce solution.

Elasmogen, which is part of the Deepbridge Life Sciences EIS fund, recently secured £8 million in their latest funding round. This investment should enable the Aberdeen-based business to continue developing its pipeline of next-generation drugs through pre-clinical trials.

Deepbridge Capital has been shortlisted for 2 awards at the upcoming 2022 EISA Awards, taking place Thursday 9th June 2022 at the House of Lords, Westminster. 

Zilico Ltd, which is part of the Deepbridge Life Sciences EIS fund, will take centre stage at the World Health Assembly, the decision-making body of WHO (World Health Organisation). It is attended by delegations from all WHO Member States. The main functions of the World Health Assembly are to determine the policies of the Organisation, and review and approve the proposed programme budget. The Health Assembly is held annually in Geneva, Switzerland. 

The uptick in inheritance tax receipts for the six months to October 31st, 2022 shows individuals are not seeking appropriate advice, according to Andrew Aldridge, Partner & Head of Marketing at Deepbridge Capital.

Andrew Aldridge, Partner & Head of Marketing at Deepbridge Capital commented: