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
A Midlands company whose technology could help to safeguard smart cities and critical infrastructure from cyber attacks has been named as one of 10 businesses selected to join a new government-backed flagship cyber security centre. CyberOwl, a Coventry University spinout which is backed by Mercia Fund Managers, is amongst the founding members of the London
A leading firm of civil, structural and geotechnical engineers has undergone a management buy-out, backed by a six-figure loan from Mercia Fund Managers. WML Consulting, which is based in Cheadle Hulme, south Manchester, has worked on many recent high-profile developments in the North West and beyond, including Manchester’s new Spire Hospital and city centre Kampus
A Sheffield company which is rolling out high-speed broadband to rural areas by using spare capacity on the TV network has secured a £150,000 loan from NPIF-Mercia Debt Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund. Whitespace Technology uses TV frequencies freed up by the switch
Mercia Fund Managers has expanded its equity team with the appointment of Matt Molyneux as Investment Manager. A chartered accountant with 12 years’ experience in finance, Matt joins from BDO in Manchester, where he spent seven years in the transaction services team providing due diligence to private equity firms. In his new role, he will
Mercia’s portfolio company and University of Birmingham spinout, Smart Antenna Technologies (SAT), has appointed James Li as General Manager for the company’s operations in China. James will be based at Smart Antenna’s new office and testing facility at the National Innovation Park in Suzhou, China. The company intends to have up to 50 people at
A Doncaster security company which helps to prevent suicides and vandalism at rail sites has received a £125,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund. Black Diamond Security monitors security at stations and other rail sites, helping to prevent
Soccer Manager – the Lancashire-based games studio backed by Mercia Technologies PLC – has launched its first game in China. Live Super CSO is now available for download on a range of Chinese app stores and is due to be released in countries throughout Asia, and in Russia. The launch comes a year after Soccer
A Yorkshire company which is the UK’s leading independent supplier of insulation services to the power industry has secured a £100,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund. The funding will help Powertherm Contract Services to expand its premises
National investment group Mercia Technologies PLC is pleased to announce that its direct investment, Crowd Reactive Ltd, which trades under its EventsTag brand, has acquired Excelerated Applications Limited, the developer of a sophisticated radio-frequency identification (RFID) event engagement platform. EventsTag specialises in creating topical, entertaining and engaging event content for brands and integrating it with