Locate Bio raises £9.2m to progress LDGraft clinical study

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

Digital care platform raises further £3m for expansion

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

Hydrogen generator firm raises £3m to boost uptake of green energy

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

Spin-out raises £8.5m to reveal the ‘unseen world of RNA’

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,

Sitehop raises a further £5m for network security solutions

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

Exam marking platform raises £1.6m to target US growth

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