Turbine – a London-based company with a cell simulation platform that can predict the effectiveness of cancer treatments – has completed a €20m Series A financing round. Mercia and MSD Global Health Innovation (GHI) Fund co-led the financing, joined by Day One Capital and existing investors Accel, Delin Ventures, and XTX Ventures. (MSD is the
A Leeds-based tech company whose advanced remote working software is used by the Home Office and the NHS has raised £400,000 from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), and angel investors. Flabba’s platform integrates with standard videoconferencing software such as Zoom
A Leeds dad who came up with an idea for a food business while baking with his young son has secured a £250,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund (NPIF), to help meet demand from major supermarkets. Greg Fraser set up
InsurTech company Send Technology Solutions has raised £9m in a Series A investment from Breega and Mercia to accelerate its growth in the UK and the US. Send’s underwriting platform – which claims to be the most advanced on the market – streamlines operations and automates administration tasks, freeing up underwriters to focus on core
Two friends who set out to put Hebden Bridge back on the map as ‘Trouser Town’ have secured a £125,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), to help expand their menswear business. Brant Richards and Ed Oxley established HebTroCo in 2016 to
A Middlesbrough software firm that helps e-commerce stores drive sales has raised £2m from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF) as part of a £2.25m funding round. The investment – which also included funding from a private investor – will enable
Log my Care – a fast-growing company whose software platform enables care homes and social care organisations to ‘go digital’ – has raised £3.25m in a funding round led by Mercia, with Oxford Capital and angel investors also participating. Log my Care enables carers in any setting to replace paperwork, easily find patient records and save
KMP Associates – the Mercia-backed company which is behind the Aeroparker commercial parking platform, has been acquired by the US technology provider SP Plus Corporation. The deal provides an exit for Mercia which first backed the company in 2013, investing from the North West Fund for Venture Capital. It achieved an eight-fold return on investment.
A Nottingham company which has devised a blood test that could revolutionise management of tuberculosis (TB) has raised a further £2.4m to further develop the test and support clinical trials. The funding for PBD Biotech has come from a consortium led by fund managers Mercia and Foresight Group, both investing from the Midlands Engine Investment
A Hull company which helps businesses reduce their energy bills has secured a £150,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), to help it meet increased demand. River Business Services (River) provides gas and electricity contracts and telecoms services from