A firm that provides businesses with energy benchmarking expertise has secured £500,000 funding in the first investment by the North East Venture Fund (NEVF), which is managed by Mercia Fund Managers and is part of the North East Fund. Troo, which has been launched by one of the former founding directors of Utilitywise, Andrew Richardson,
Mercia’s CEO Forum event on the topic of IPO and growth was held at its Manchester office and was hosted by Dr Alistair Forbes, Investment Director and Head of Mercia’s Software and the Internet sector. Speakers shared their extensive experience with a group of CEOs from Mercia’s investment portfolio in a lively and interactive session.
A family business which offers floating holidays on luxury canal boats is set to expand its business onshore with the help of a £130,000 loan from Lancashire Rosebud Finance, which is managed by Mercia Fund Managers. Canal Boat Cruises, which is based at Riley Green Marina in Hoghton, is developing an eight-acre site alongside the
Mercia Technologies PLC is pleased to announce a new direct investment into W2 Global Data Solutions Limited (W2). Mercia’s £2.0million investment is part of a £3.0million funding round alongside the Development Bank of Wales. Mercia now has a direct equity holding of 17.4% in W2 and this direct investment follows on from initial funding rounds
Invizius, a University of Edinburgh spinout whose technology promises to improve the lives of millions of dialysis patients, has been named Best Innovative MedTech company at the prestigious OBN Awards. The company’s success in the awards, which have a high profile in the life sciences sector, follows on from a seed investment of £500,000 from
UK universities are world renowned and Mercia, which was has a network of 19 university partners, was recently identified as one of the most active investors in UK university spinouts* having completed 23 investments in 2017. Our network of partners receives £1.8billion in R&D funding which is actually larger than OxBridge at £1.3billion. The University
UK-based tech firm, Gorilla in the room, has appointed Martin Fincham, the former CEO of global enterprise software company LANSA Group, as its chairman ahead of the company’s next funding round. Following a seed investment from Mercia Fund Managers in January 2018, the business has launched Discover, a market leading immersive research mobile product, and
A Midlands biomedical start-up responsible for developing technology that helps the fitting of artificial limbs and prostheses has closed a £1.3million funding round led by Mercia Fund Managers. Adapttech has secured £250,000 from the MEIF Proof of Concept & Early Stage Fund, managed by Mercia and part of the Midlands Engine Investment Fund, £500,000 from
Mercia Technologies PLC is pleased to announce a new direct investment of £0.5million into Locate Bio Limited (Locate). Locate is a specialist regenerative medicine and medical device company based in Nottingham. As one of the leaders in its field, the Locate team has been working for over a decade on developing a novel drug delivery
A Lancashire factory, which creates English Muffin-making machines for export markets around the world, is expanding into new premises with the help of a £600,000 loan from Lancashire Rosebud Finance, which is managed by Mercia Fund Managers. The funding will allow Sugden to move from its current factory in Barrowford to a purpose-built 35,000 sq