A Newcastle company whose platform enables businesses to monitor their cybersecurity and rapidly detect threats has raised a further £250,000 from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia. The latest investment will enable Melius CyberSafe to increase its market share following the launch of a new and more powerful version
A UK start-up that aims to win the race to develop the world’s first ‘memory safe’ computer chip has raised £2.5m in a funding round led by Mercia Ventures. The investment was from NPIF II – Mercia Equity Finance, which is managed by Mercia as part of the Northern Powerhouse Investment Fund II (NPIF II),
A UK company whose simulation software enables medical staff to train to use laboratory equipment and troubleshoot problems has raised a further £1m. NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, has invested £500,000 matched by £500,000 from Finance Yorkshire’s Seedcorn Fund. Envoke’s platform,
A Queen’s Award-winning company that supplies bearings worldwide is set to boost exports to South America after securing £500,000 from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II). Quality Bearings Online, which is based in Leeds, currently supplies manufacturing and engineering
As female founders continue to trail their male counterparts in terms of access to funding, a Mercia event in Manchester aims to help them break down the barriers. The event on Tuesday 27 May is the latest in our Rise & Thrive series, which aims to offer practical support to ambitious female entrepreneurs and managers.
Mercia Asset Management PLC is pleased to announce its participation in significant funding rounds for two of its direct investment portfolio companies, Warwick Acoustics Limited and Axis Spine Technologies Limited. These investments reflect the continued commercial progress of both companies and the potential for their respective technologies. The funding rounds also underscore their ability to attract third-party co-investors. Warwick
One of Sheffield’s leading scaffolding companies has secured funding for further growth following its acquisition of a business in Barnsley. Hi-Point Access has raised £250,000 from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II). The funding will provide additional working capital and