An entrepreneur who founded one of the UK’s leading biotechnology companies has secured backing for a new venture that aims to transform laboratory data management. Ryan Cawood, who founded OXGENE, has raised £750,000 from the Midlands Engine Investment Fund II, through fund manager Mercia Ventures, for his latest business, Lab Thread. OXGENE, founded in 2011
Mercia’s FY25 Preliminary Results presentation, presented by Dr Mark Payton, Chief Executive Officer and Martin Glanfield, Chief Financial Officer.
Laverock Therapeutics, a ‘gene silencing’ company backed by Mercia Ventures, has expanded its seed funding round, taking the total raised to more than £20m. The latest investment included Mercia and existing investors Calculus Capital, Eli Lilly and Company, Eos Advisory and Maven Capital Partners alongside new investor Norcliffe Capital. It follows an initial £13.5m investment
Serve First, the AI-driven customer experience and feedback management platform, has raised £4.6m from Pembroke VCT and the Midlands Engine Investment Fund II, through its appointed fund manager Mercia Ventures, alongside Tiny VCT, Techstars and angel investors. The investment will support the business’s expansion into Europe and the US, as well as product innovation, and
The entrepreneurs behind two of the UK’s most successful hospitality tech businesses have joined forces to launch a new venture that aims to reshape hospitality recruitment. Sam Brown and Nick Holroyd-Doveton have raised £785,000 to further develop their matchmaking platform, Candid Hospitality. The funding came from NPIF II – Mercia Equity Finance, which is managed
Mercia Asset Management PLC is pleased to provide a trading summary for the financial year ended 31 March 2025 (“FY25”). The benefits of Mercia’s increasing scale are now beginning to feed their way into the Group’s overall financial performance. Together with a continuing focus on efficiency, Mercia now expects its EBITDA for FY25 to be
Mercia Asset Management PLC is pleased to announce the appointment of Dean Heaney as Head of Institutional Distribution. Dean will lead Mercia’s distribution strategy across its venture, debt, private equity and real assets strategies. Dean most recently led the UK institutional business at Franklin Templeton, a $1.5trillion asset manager, with expertise across both public and
CEO Dr Mark Payton joined Proactive’s Stephen Gunnion to talk through Mercia’s FY25 Interim Results which showcased strong growth and operational milestones. Dr Payton reflected on a decade of accomplishments since Mercia’s listing, highlighting £1.6 billion in third-party funds under management and investments of over £1 billion across the UK, predominantly outside London. .
Mercia’s FY25 Interim Results presentation, presented by Dr Mark Payton, Chief Executive Officer and Martin Glanfield, Chief Financial Officer. Visit Mercia’s Interim Results area
Mercia Asset Management PLC is pleased to announce its interim results for the six months ended 30 September 2024. Mark Payton, Chief Executive Officer of Mercia, commented: “Mercia has delivered another strong first half performance with our higher funds under management driving revenue and EBITDA growth. I am pleased to say that none of the