The entrepreneurs behind two of the UK’s most successful hospitality tech businesses have joined forces to launch a new venture that aims to reshape hospitality recruitment. Sam Brown and Nick Holroyd-Doveton have raised £785,000 to further develop their matchmaking platform, Candid Hospitality. The funding came from NPIF II – Mercia Equity Finance, which is managed
A Newcastle company whose platform enables businesses to monitor their cybersecurity and rapidly detect threats has raised a further £250,000 from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia. The latest investment will enable Melius CyberSafe to increase its market share following the launch of a new and more
A UK start-up that aims to win the race to develop the world’s first ‘memory safe’ computer chip has raised £2.5m in a funding round led by Mercia Ventures. The investment was from NPIF II – Mercia Equity Finance, which is managed by Mercia as part of the Northern Powerhouse Investment Fund II (NPIF II),
A UK company whose simulation software enables medical staff to train to use laboratory equipment and troubleshoot problems has raised a further £1m. NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, has invested £500,000 matched by £500,000 from Finance Yorkshire’s Seedcorn Fund. Envoke’s platform,
A Queen’s Award-winning company that supplies bearings worldwide is set to boost exports to South America after securing £500,000 from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II). Quality Bearings Online, which is based in Leeds, currently supplies manufacturing and engineering
As female founders continue to trail their male counterparts in terms of access to funding, a Mercia event in Manchester aims to help them break down the barriers. The event on Tuesday 27 May is the latest in our Rise & Thrive series, which aims to offer practical support to ambitious female entrepreneurs and managers.
One of Sheffield’s leading scaffolding companies has secured funding for further growth following its acquisition of a business in Barnsley. Hi-Point Access has raised £250,000 from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II). The funding will provide additional working capital
A Gateshead company whose energy management app rewards consumers for switching off appliances at peak times has raised a further £700,000 from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures, and private investors. The latest funding will enable equiwatt to roll out a new SaaS (software
A Newcastle biotech company whose unique laboratory gut model is used to trial new drugs and foodstuffs without the need for animal testing has raised a further £750,000 from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures. The funding will help Aelius Biotech to expand its
A Hull family business that provides hampers for clients including Jaguar Landrover, EE and ITV is set to double its capacity following a £277,000 loan from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II). Peach Hampers provides bespoke hampers branded with