A Newcastle business which specialises in 3D digital technology has secured a £250,000 investment from Mercia Fund Managers to enhance the development of its revolutionary new software solution. Luminous Group has pioneered the use of 3D in sectors including architecture and construction. It offers digital surveys which use laser scanning to capture every surface of
A Yorkshire insurance and risk management consultancy has undergone a £2.0million management buy-out backed by debt funding from Mercia Fund Managers. ProAktive Risk Group, which is based in Doncaster, is a commercial insurance broker which also provides risk management advice to help businesses reduce claims and premiums. Its consultancy services include HR, health and safety,
A Nottingham regenerative medicine company which has developed a groundbreaking therapy that can help prevent sight loss has completed a £500,000 funding round backed by Mercia Fund Managers, angel investors and the University of Nottingham. The investment will allow NuVision Biotherapies to further develop its product range, strengthen its management team and increase sales in
A Yorkshire inventor, who is developing a range of water heating products for off-grid energy markets, has secured a £400,000 investment from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund. Max Smith has joined forces with his brother Guy and former colleague
The creation of a new UK ‘unicorn’ in the shape of software company Blue Prism highlights the value of patience on the part of investors, according to the Chief Executive of the company’s first investor, Mercia Fund Managers. As Blue Prism’s market value has risen above $1.0billion, Mercia’s Chief Executive Officer Dr Mark Payton said
A Lancashire business which supplies control systems for automatic doors has acquired a parking security firm in London, after securing a six-figure debt funding package from EV SME Loans and Lancashire Rosebud Finance, which are both managed by Mercia Fund Managers. North Valley Metal (NVM), which is based in Nelson, has acquired APT Security Systems
Manchester Imaging, a dental diagnostic software company, today announced that it has raised a £600,000 investment from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers, part of the Northern Powerhouse Investment Fund and the GM&C Life Sciences Fund, managed by Catapult Ventures. The investment will support the development and commercial launch
A Nottingham business which is developing new software to help pharmaceutical companies to manage clinical trials more effectively has secured a £500,000 equity investment from Mercia Fund Managers and angel investors. PHARMASEAL International was established in 2016 by Daljit Cheema and Sara Rutner, who both have extensive experience in the pharmaceutical industry and previously held
A Newcastle-based company which uses artificial intelligence to help organisations improve the performance of their sales team has secured a significant investment from Mercia Fund Managers to further develop its product and its team. Refract’s software as a service (SaaS) platform provides managers with insight into their team’s sales conversations, helping them understand what top
One of the North’s fastest growing small tech firms has received £2.0million funding from NPIF – Mercia Equity Finance, part of the Northern Powerhouse Investment Fund, to allow it to continue its rapid growth. This significant investment marks the single largest investment to date since the Northern Powerhouse Investment Fund was launched in February last