X-ray firm aims to improve breast cancer detection

IBEX Innovations – the Sedgefield company which is a pioneer in  X-ray imaging technology – has raised £535,000 to commercialise its new software to help detect breast cancer. The latest funding has come from existing backers the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia, along with

The algae that could clean up our rivers and seas

A company with an eco-friendly water treatment system that can reduce pollution levels has raised £550,000 to help roll it out to the water industry. Industrial Phycology (I-Phyc) has secured a second round of funding from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands

Mercia invests £11m during lockdown

Mercia Asset Management, which is one of the most active investors in regional SMEs, has invested over £11m in the seven weeks since the lockdown began. The company says it is still open for businesss, having completed 26 transactions during the crisis including new investments and support for its existing portfolio companies. Mercia – which

Medherant partners with Cycle Pharmaceuticals

Medherant partners with Cycle Pharmaceuticals to develop new products using TEPI® Patch technology Mercia is pleased to announce that Medherant Ltd (“Medherant”), the transdermal drug delivery company in which it holds a 30.1% direct stake, has entered into a partnership with Cycle Pharmaceuticals (“Cycle”) to develop new products using Medherant’s proprietary TEPI Patch® technology. Under

HR software company closes second funding round

StaffCircle – the Leicester-based HR software company – has raised a further £775,000 to build its sales and marketing team and expand its client base. The latest funding round was led by Blackfinch Investments and included the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands

£2m for automation firm defining the future of work

A Cheltenham company whose software helps businesses to automate their processes more rapidly has raised £2.2m from the Northern Venture Capital Trust (VCT) Funds, which are managed by Mercia. The investment will allow Enate to further develop its platform and expand its customer base and distributor network across Europe and Asia. Launched in 2017, Enate