Entrepreneurs launch new venture to reshape hospitality recruitment

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

New funding boost for platform that automates cybersecurity

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

Startup to launch world’s first ‘memory safe’ chip

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),

‘Flight simulator for lab equipment’ raises further £1m

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,

Bearings supplier targets South America with help of NPIF II loan

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

Energy management firm raises funds for new platform

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

Hamper business set to double capacity with NPIF II funding

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