Singapore-based PsychAsia secures major investment

Global Investment Bank and Capital Trust have announced a sizeable investment in Asian mental healthcare startup PsychAsia. It is a Singapore-based mental healthcare application that offers personalised selfcare advice and programmes. The investment was undertaken by Global Investment Bank and Capital Trust’s venture capital fund, KHL Ventures, which is comanaged by Global Capital Group (GCG) Asia division. PsyhAsia’s application has main functions that offer coaching for people with mental health conditions like anxiety and depression. It also offers digital content to foster greater understanding of mental health and structured programmes to combat stress and anxiety. PsyhAsia also plans to build up its data science capabilities to enhance its natural language processing for use in depression detection, digital exchange connectivity and patient monitoring.