A Manchester company which helps public sector bodies to achieve digital transformation has secured a £1.4 million investment, including £750,000 from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund; £500,000 from the Greater Manchester Combined Authority and £150,000 from internal management. Shaping
Mercia Fund Managers has been shortlisted for Growth Investor of the Year and Best EIS Investment Manager at the 2018 Growth Investor Awards. This follows Mercia’s win of the coveted Best EIS Investment Manager award at last year’s Growth Investor Awards. The prestigious awards celebrate the UK’s investment provider community in championing tax-advantaged investments, spotting
Mercia Technologies PLC is pleased to announce that Oxford Genetics (OG) has secured a multi-million pound contract with a leading multi-billion dollar global ecommerce provider of reagents and tools to the research and clinical community. OG is a leader in innovative synthetic biology-based technologies for biologics discovery, development and delivery with operations in the UK
Mercia EIS Funds’ portfolio company, Sense Biodetection Limited (Sense) has announced the appointment of Heiner Dreismann as non-executive Chairman. Heiner was previously the President and CEO of Roche Molecular Systems, the world leader in molecular diagnostics. During his tenure at Roche Molecular Systems, Heiner oversaw the substantial growth of the PCR business with revenues doubling
A Manchester solicitor who has developed an app to help law firms communicate more effectively with clients has closed a £344,000 investment round backed by NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund, as well as existing and new angel investors. Lauren Riley,
Following a fundraising in March 2018, FriendlyScore became the company in the EIS portfolio with the biggest uplift in valuation, with a multiple of up to 7x the cost of investment for investors in MGF3, MDF and MGF4, who invested in 2015. FriendlyScore is a credit scoring platform for credit service providers. The platform utilises
Ian Wilson is a chartered accountant and seasoned investment professional who joined the Mercia Fund Managers branch of our business back in 2017. He is fund principal for the North East Venture Fund, which means his work focuses on early-stage technology investments. He also assists Alliance Manchester Business School with the delivery of their venture
Richard di Benedetto, the current President of Aetna International; one of the world’s largest health benefits businesses has been appointed as a director and non-executive chairman of the Braintrain2020 board. UK-based Braintrain2020 is the organisation behind SleepCogni – a first-in-class patented medical device providing a combined diagnostic and treatment system to help clinicians identify and
ParkCloud – an award-winning aggregator site which allows drivers to pre-book car park spaces online – has secured £4.0million equity funding from Mercia Fund Managers. The investment is the first following the first closing of Mercia Fund Managers’ £45.1million EV Growth II Fund in December 2017. It will enable ParkCloud to further develop its highly
A fast-growing South Wales fintech company has closed a £1.25million funding round backed by Mercia Fund Managers, Development Bank of Wales and TTI Angels. W2 Global Data, which is based in Newport and has doubled in size since the beginning of the year, is now planning to recruit a further 20 staff. The latest funding