Mercia Asset Management PLC the proactive, regionally focused specialist asset manager, is pleased to announce that its direct portfolio company, nDreams Limited (“nDreams”), is continuing to make significant commercial progress with the signing of a new contract to create virtual reality (“VR”) content for a leading global company. nDreams is now recognised as being at the forefront of global
Mercia Asset Management named as a Runner Up in the fifth annual Growth Investor Awards Identified as a market leader in the coveted award for Exit of the Year All winners were announced yesterday in a black-tie ceremony at the Royal Lancaster Hotel, London Mercia Asset Management has been named Runner Up in the fifth
A Dundee tech firm with an online platform that helps convenience stores and corner shops cash in on the growth in online grocery sales has raised a seven-figure sum to fund its expansion throughout the UK. Snappy Shopper has raised the seed capital from Kelvin Capital, Mercia, the Scottish Investment Bank and the management team.
A company which has developed a new eco-friendly wastewater treatment system that could reduce pollution in rivers and seas has raised £700,000 to help it launch its technology to the market. Industrial Phycology (I-Phyc) has secured the funding from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part
Regional funds like the Northern Powerhouse Investment Fund are helping small firms to attract bigger investments, as one recent case shows. Additive Manufacturing Technologies (AMT), a Sheffield business that has developed post-processing machinery for 3D printed parts, secured a £750,000 investment in February this year from NPIF – Mercia Equity Finance, which is managed by
A Cranfield University spin-out that has found a new way to detect corrosion and prevent leaks in assets such as pipelines has completed a £1m funding round. CorrosionRADAR has secured investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund, alongside
Sense Biodetection, the Cambridge-based diagnostics company which is backed by Mercia, has raised £12.3m to develop a new range of tests, initially targeting infectious diseases like flu. The company has secured a £10.5m Series A investment from a consortium including Cambridge Innovation Capital (CIC), Earlybird, founder Jonathan Milner and Mercia. It has also received a
A company whose customer relationship and marketing platforms are used by leading restaurants and bar chains has secured a £500,000 investment from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund. The funding will allow Sheffield-based Airship Services Ltd to further develop its technology and
Luminous Group, the Newcastle company which is one of the UK’s leading mixed reality experts, has raised over £400,000 to support the launch of a new software to reduce hygiene risks in food processing plants. The investment round was led by the North East Venture Fund (NEVF), which is supported by the European Regional Development
Troo – the Newcastle-based business energy comparison service – has raised £300,000 from the North East Venture Fund (NEVF), which is supported by the European Regional Development Fund and managed by Mercia, and private investors. The latest funding round follows a £500,000 investment by Mercia in October last year. It will allow the company to