A University of Sheffield academic who has developed a device that could revolutionise biological research has secured a £150,000 loan to help fulfil the first two orders. Dr Tim Craggs has raised funding from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF). Dr
I-Phyc – the Mercia-backed company behind a nature-based wastewater treatment solution – has raised a further £2.3m to establish itself as the technological leader in ‘circular’ solutions to remove wastewater contaminants. The latest investment was led by Mellby Gård AB, a privately-owned Swedish company targeting investment in promising water technologies, and included the MEIF Proof of
Mindset AI – which helps businesses within the knowledge economy to digitise their services and scale their expertise – has raised £1.65m from Mercia and angel investors. The software-as-a-service (SaaS) firm enables businesses such as management consultancies and professional services firms to customise, brand and launch their own digital platform. Mindset AI is the only product of its
Mercia has been named as one of Europe’s top seven venture capital investors in terms of the number of domestic deals it has funded in recent years. New research by the financial data company PitchBook shows that during the period from 2018 to the end of the first quarter this year, Mercia made 251 VC
A Manchester-based brand performance agency has secured a £250,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), to support its future growth. The funding will provide WilsonCooke with additional working capital to scale up its activities, support new contract wins and
The North Yorkshire company behind an iconic art poster brand 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 expand its sales in Europe. Athena has been an art publisher for over 50 years and previously
The UK’s leading onshore deep drilling specialist has secured a seven-figure loan to help finance its work on the construction of two ‘green’ power stations in Ethiopia. The Marriott Drilling Group has raised the funding from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund
A Newcastle company which aims to revolutionise technology recruitment has raised £500,000 from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia, as it seeks to expand into the US market. Haystack uses an algorithm to match individuals with suitable roles, removing the need for recruitment agencies.
The company behind a fast-growing online recruitment platform is planning to double in size after raising a further £2m in investment. Smart Recruit Online has secured investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), Mercia’s EIS funds and
A family-run water treatment company has been acquired by the founder’s daughter in a seven-figure deal backed by Mercia’s SME Loans fund. The buy-out of Yorkshire-based Excel Water gives control of the business to Emma Armitage, the current Managing Director, and allows for the partial retirement of her brother Darren Field. Emma now aims to