A Yorkshire-based medtech company whose device could revolutionise knee replacement surgery has raised a further £3.8m from NPIF II – Mercia Equity Finance, which is managed by Mercia Ventures as part of the Northern Powerhouse Investment Fund II (NPIF II), Mercia’s EIS funds and private investors including leading surgeons. The funding will enable Eventum Orthopaedics to
A UK biotech start-up with a 3D human lung model that provides an alternative to animal testing has raised a further £600,000 from the Midlands Engine Investment Fund, Mercia Ventures and Pioneer Group. ImmuONE’s laboratory model is used to test new drugs, chemicals or consumer products to provide evidence they are safe to use. The
Dr Rob Hornby, Investment Director at Mercia Ventures, offers some advice for founders on how to approach the fundraising process and win the confidence of investors: Understand what VCs are looking for VCs take a lot more risk than private equity investors. As many early-stage companies fail, they need to make high returns on
A Newcastle-based Safety Tech company whose clients include McDonalds, Siemens and the NHS has raised a further £1.5m from Calculus Capital, the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures, and private investors. Notify Technology will use the funding to further enhance its platform with the addition
75Media, the UK’s fastest-growing roadside media operator, has secured a seven-figure investment from NPIF II – Mercia Equity Finance, which is managed by Mercia Ventures as part of the Northern Powerhouse Investment Fund II (NPIF II), to help cement its position as a tech-driven leader in the outdoor advertising industry. The investment will accelerate 75Media’s
A Bradford company that specialises in aluminium doors and security access systems has secured a £250,000 loan from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II), to boost its growth. The funding will enable Crucial Engineering to take on bigger projects,
A specialist highways drainage contractor has raised £3.9m from the Midlands Engine Investment Fund II, through the appointed fund manager Mercia Ventures. The funding will enable Crown Plus to invest in new equipment and take on bigger projects. The Telford-based company provides a complete highways drainage service from detailed defect surveys to remediation and renewal. It has an
Pet insurance platform Napo has raised £12m in a Series B funding round led by Mercia Ventures, with participation from existing investors including DN Capital, Companion Fund, MTech Capital and Helvetia Venture Fund. The funding will enable the London-based company to strengthen its AI and automation capabilities, grow market share and increase the size of
A platform that uses gaming technology to manage and motivate sales teams has raised a further £1.5m from the Midlands Engine Investment Fund (MEIF) and Mercia Ventures. The latest round of funding will enable OneUp Sales to build its customer base in the US, where it has already gained a strong foothold, and further develop
A long-established Lancashire company that supplies X-ray protection wear to the NHS is targeting global markets with the help of a £350,000 loan from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II). WSR Medical Solutions is the UK’s leading manufacturer of