National investment group Mercia Technologies PLC is pleased to announce that it is partnering with Digital Catapult’s Augmentor programme to support early stage immersive technology companies from across the UK regions. The 10-week programme, starting in June 2018, will help advance the next generation of virtual and augmented reality technology companies by providing technical and
A specialist HR software firm that has developed a new performance management software used by dozens of blue-chip companies has secured a £500,000 investment from Mercia Fund Managers. Stuart Hearn, CEO of One Touch Apps, created Clear Review to provide an alternative to annual appraisals, which are time-consuming and often have limited impact on employee
A doctor who has created an innovative software program to reduce waiting times in A&E has secured a £153,000 investment from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund. Lanre Olaitan’s company, MedCircuit, has developed software that allows patients to check into A&E
A Midlands-based life sciences company which develops synthetic alternatives to antibodies has closed a £1.5m Series A funding round supported by Mercia Fund Managers and a number of private investors. The investment will allow MIP Diagnostics to expand its team, set up new production facilities and develop its own products to sell under licence. The
A spinout company whose technology could save the lives of thousands of dialysis patients has secured £500,000 from Mercia Fund Managers, in the first investment deal since Mercia’s partnership with the University of Edinburgh was announced in November 2017. Invizius stems from years of research by biologist Dr Andy Herbert and his team, who believe
Mercia Fund Managers is pleased to announce that it has been awarded the £27.0million Venture Fund to support businesses across the North East region as part of the £120.0million North East Fund, supported by The European Regional Development Fund. This follows a succession of contract wins for Mercia amounting to in excess of £200.0million, which
National investment group Mercia Technologies PLC is pleased to announce that it has completed a further £1.5million follow-on investment into Impression Technologies Ltd (ITL), a leading developer of advanced aluminium lightweighting technology. The investment is part of a £3.0million funding round with co-investor IP Group plc. This latest investment will enable ITL to build its
CoolKit is one of the success stories of Lancashire, according to the fund management business which helped the start-up company grow into a market leading manufacturer. In 2010 CoolKit, which had just 10 employees, secured a £20,000 loan from Rosebud Finance, which is managed by Mercia Fund Managers. Subsequently in 2014, the company received a
A fast-growing Lancashire business which is a leading supplier of roller shutters and garage doors has secured a £200,000 loan from Lancashire Rosebud Finance, managed by Mercia Fund Managers, to support its expansion. The funding will allow RCS Doors to double the floorspace at its Rawtenstall factory and create four new jobs. RCS specialises in
The EIS market is in a period of unprecedented change. Earlier this March, the ability to invest into EIS capital preservation strategies were withdrawn. Historically, over half of all EIS investments were made into these capital preservation strategies (circa £0.75billion per annum), but at the same time the government is expanding the scope of Growth