Price management and optimisation company, BlackCurve, has strengthened its leadership team with the appointment of software entrepreneur Martin Fincham as Chairman and Chee Wong, the former COO of Shazam, as Technical Advisor. This follows a £500,000 investment from Mercia Fund Managers and software entrepreneur and investor, Nick Kingsbury, earlier this year. Since raising the seed
A business which allows recruiters to test the skills of IT professionals and hire the right people has secured a £500,000 investment from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Fund Managers. The investment, which is the first by the North East Venture Fund in Sunderland,
Inovus Medical, a leading designer and manufacturer of medical and surgical simulators, has announced the successful completion of a £500,000 investment from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund. The investment is part of a £700,000 investment round alongside an angel investor
Kumulos, a Scottish software company which has developed a platform for managing mobile apps, has completed a £750,000 funding round backed by Mercia Fund Managers, the Scottish Investment Bank and angel investors. The Kumulos platform incorporates multiple tools to help companies and developers improve the performance of their mobile apps. The platform provides data on
National investment group Mercia Technologies PLC, one of the UK’s most active technology investors, is pleased to announce that its direct investment nDreams, the award-winning virtual reality (VR) developer and publisher, has set up a dedicated team to create VR games and experiences for the fast-growing location-based entertainment (LBE) market. The first two titles, Shooty
Scottish startup Cyan Forensics, which develops digital forensic technology to help law enforcement catch criminals faster, has closed a £900,000 investment round led by Mercia Fund Managers, bringing its total funding to nearly £1.5million since it was founded in 2016. Edinburgh-based Cyan Forensics’ technology finds time-critical digital evidence in minutes instead of days, helping police
CoreRFID – the Skelmersdale-based company which is a leader in the design of electronic tracking systems – has completed a six-figure buy-out. The deal provides an exit for its original investor, The Coalfields Enterprise Fund, managed by Mercia Fund Managers, and allows the management team to take full control of the business. CoreRFID uses radio
A Coventry business has completed a multi-million-pound funding round to launch what it claims is the world’s most advanced electric motorcycle. Arc Vehicle has secured investment from Mercia Fund Managers’ EIS funds; the MEIF Proof of Concept & Early Stage Fund, managed by Mercia and part of the Midlands Engine Investment Fund; and Jaguar Land
National investment group, Mercia Technologies PLC, one of the UK’s most active technology investors has appointed Marcus Henderson as Investment Director at its Edinburgh office. Marcus, who joins from venture capital firm Par Equity LLP, will play a leading role in Mercia’s continued expansion of its operations in Scotland, sourcing and completing investments into high-growth
National investment group Mercia Technologies PLC, one of the UK’s most active technology investors, is pleased to announce that its direct investment Medherant, a developer of innovative transdermal drug delivery treatments for pain and CNS diseases, has successfully completed two Phase I studies with its novel Ibuprofen TEPI® Patch. The TEPI Patch was shown to