Oddbox – the Mercia-backed platform using technology to fight food waste – has secured a £16m investment from BurdaPrincipal Investments (BPI), the growth capital arm of media and tech company Hubert Burda Media whose titles include BBCGoodFood and Olive Magazine. The new funds will be used to accelerate Oddbox’s contribution to fighting food waste by
Mercia is pleased to confirm completion of the sale of Faradion for a total enterprise value of £100.0million to Reliance New Energy Solar, a wholly owned subsidiary of India-based Reliance Industries, the multinational conglomerate. Based in Sheffield, Faradion is a world leader in sodium-ion battery technology that provides low-cost, high-performance and sustainable energy storage solutions. Mercia
A doctor who has developed an app to help reduce anxiety in children undergoing surgery has raised £1.5m from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), Mercia’s own funds and private investors. Dr Chris Evans, an anaesthetist working with children and a father