Thalia, a UK-based company whose software platform enables semiconductor businesses to develop new products using existing chip designs, has raised £2.1m to drive the next phase of its growth. The funding round was led by Mercia Ventures, which has backed the company since 2014, with continued support from Deepbridge Capital and private investor Guillaume d’Eyssautier.
Distil.ai – a customer data platform that helps e-commerce businesses to understand customers’ behaviour and boost sales – has raised a further £1.1m in a funding round led by Mercia Ventures and supported by angel investors. The funding will enable the Exeter-based company to further enhance its platform and expand its sales and marketing team
Mercia Asset Management PLC, is pleased to announce its preliminary results for the year ended 31 March 2023. Highlights Frontier Development Capital Limited (“FDC”) acquired in December 2022 adding c.£415million of funds under management (“FuM”), funded from the Group’s own liquid resources. The acquisition is performing in line with expectations Organic FuM inflows of c.£134million during
Introduction With strong regional roots and an established track record, Mercia is a ‘one stop’ responsible financial partner contributing towards the growth of the UK economy. Our physical presence in some of the key cities across the UK, including Birmingham, Manchester, Sheffield, Leeds, Bristol, Newcastle and London, results in sight of a significant number of
Overall financial performance From a fund management profitability perspective, Mercia was able to maintain its first-half momentum in the second half of the financial year, which was supplemented by the first four months’ profitable contribution from FDC, which was acquired on 5 December 2022. Whilst the Group’s direct investment portfolio performance against a challenging market
Mercia Asset Management PLC is pleased to provide an update on its investments in the mobile and digital gaming sector. As at 30 September 2022, mobile and digital gaming investments accounted for c.33% of Mercia’s direct investment portfolio by value. Mercia also invests in a number of gaming businesses through its managed funds. This is
Mercia Asset Management PLC is pleased to announce that Warwick Acoustics Limited has secured its first production contract with a leading global luxury vehicle manufacturer. The multi-year contract is with a global top 10 luxury manufacturer and is a major milestone for Warwick Acoustics, validating the performance and scalability for its proprietary automotive audio system, which
Venture capital can offer high returns and diversification to investors. But how much should you allocate to this asset class? And how can tax reliefs from EIS and VCT boost your returns? In this webinar, we will discuss these questions with Dr Brian Moretta, Head of Tax-Enhanced Research at Hardman & Co, and Dr Paul
Mercia Asset Management PLC, the proactive, regionally focused specialist asset manager with c.£1.4billion of assets under management, is pleased to announce continued inflows into its existing managed funds and successful new fund raises, together totalling c.£80million. The recent inflows across Mercia’s managed funds were as follows: Frontier Development Capital (“FDC”) continues to grow following its recent
Join Mercia’s Clare Houghton, Sarah Allett and Jane Booth (both UBS) as they discuss the considerations of your own wealth post exit. The duo, from UBS, touch on many topics including: • Top tips on pre exit tax planning from a personal perspective • Knowing your numbers – “what is enough” • Wealth Way – how