Locate Bio – the pioneering orthobiologics company which is backed by Mercia, has completed an oversubscribed £9.2m funding round backed by both new investors and existing investors, Mercia and BGF. The proceeds will fund a clinical study of LDGraft, a bone graft substitute for spinal fusion. This funding and the clinical trial known as RESTORE
Log my Care – a London-based company whose software platform enables care homes and social care organisations to ‘go digital’ – has raised a further £3m funding from existing investor Mercia Ventures. The latest investment will help it to establish itself as a leader in the learning disability sector and expand its presence in home
Warwick Acoustics – the Mercia-backed company whose patented loudspeaker technology is set to revolutionise in-car audio systems – has raised a further £7m in a funding round led by Mercia and including NFU Mutual and a range of private investors. The funding will enable the company to invest in a new state of art manufacturing
A UK tech company is creating virtual models of some of the top West Midlands venues to help attract new international clients and promote the region as a leading events location. Iventis has been commissioned by the West Midlands Growth Company to create ‘digital twins’ of 10 venues including the NEC, the Utilita and Resorts World
Suiso – a UK company developing an innovative hydrogen generator that could boost uptake of green energy – has raised £3m from NPIF – Mercia Equity Finance, which is managed by Mercia Ventures and part of the Northern Powerhouse Investment Fund, and Mercia’s EIS funds. The company plans to create generators the size of shipping
Wobble Genomics – a University of Edinburgh spin-out whose novel approach to RNA sequencing could revolutionise many fields in biotechnology – has raised £8.5m to help commercialise its technology. The funding round was led by Mercia Ventures and BGF and backed by IQ Capital, EOS Advisors and Old College Capital, the university’s venture fund. Wobble,
The company behind an app that aims to move freight traffic off the roads and on to the rail network has secured a £150,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund. RailX is encouraging businesses to take a more sustainable approach to
Sitehop – the Sheffield-based network encryption specialist backed by Mercia Ventures – has raised £5m in a seed funding led by Amadeus Capital Partners and Manta Ray Ventures. Mercia also participated in the round using funding from the Northern Powerhouse Investment Fund (NPIF) and its EIS funds, along with the founders of Event Horizon Capital
Graide, the University of Birmingham spinout whose assistive AI-based platform helps teachers mark student homework, has raised £1.65m to expand in the UK and target new markets in the US and Canada. The funding has come from XTX Ventures alongside existing investors Mercia Ventures, the MEIF Proof of Concept & Early Stage Fund, which is
Pimberly – a Manchester-based company whose Product Information Management (PIM) and Digital Asset Management (DAM) software helps businesses to boost e-commerce sales – has raised a further £4m from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund (NPIF), and Mercia’s own funds. The latest funding