A Glasgow spin-out which is pioneering a new test to detect brain cancer has secured a £1.2m investment in a syndicated round including Mercia Fund Managers using its EIS Funds, the Scottish Investment Bank’s Co-Investment Fund and EOS Technology Partners. ClinSpec Diagnostics’s revolutionary blood test can provide accurate results in just ten minutes and could
A County Durham business which has developed a better and safer X-ray technology has secured a further £1m of funding to help it develop a new product for use in detecting breast cancer. It is the second funding round in six months for IBEX Innovations and comes from existing investors IP Group plc and the
A company which helps universities to commercialise academic research by initiating new collaborations with industry has secured a £950,000 investment. The funding includes £750,000 from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund, with an additional £200,000 from two private investors. IN-PART’s
A Tees Valley business which has developed a multi-award winning chemicals technology has secured an £860,000 investment, which includes £750,000 from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund. The additional investment is from UK Steel Enterprise (UKSE). Micropore Technologies’ innovation allows
A Nottingham-based consultancy which works with local authorities and the NHS to help transform public services, has undergone a six-figure buy-out of its original investors. The deal allows the management of Peopletoo to take full control of the business after acquiring the shares of the original investors, Coalfields Enterprise Fund, managed by Mercia Fund Managers,
Notify Technology – the Newcastle-based health and safety software business – has appointed former Sage executive Jayne Archbold as Chair as it gears up for international growth. Jayne has over 30 years’ management experience, having spent 18 years with Sage plc, latterly as CEO of its mid-market European division. She is currently CEO of Swedish-based
Intechnica – the Manchester-based technology business – has closed a £2.85million funding round. The lead investment of £2.0million came from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund. An additional £750,000 was invested by Mercia Technologies PLC and £100,000 by existing private investors
PureClarity – the York-based e-commerce personalisation software platform – has secured a further £750,000 investment from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund. The investment is the second within the past year from NPIF – Mercia Equity Finance and brings the total
A West Yorkshire company which has developed a new range of security barriers made from recycled rubber has secured a £500,000 loan from Mercia Fund Managers. The funding for Rosehill Polymers Group comes from NPIF – Mercia Debt Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund and
Mercia Technologies PLC (AIM: MERC), the national investment group focused on the identification, creation, funding and scaling of innovative technology businesses with high-growth potential from the UK regions, is pleased to announce that its portfolio company, Oxford Genetics Limited (“Oxford Genetics”), has received £6.5million of new investment in a syndicated round comprising Canaccord Genuity Limited