A Gateshead company whose energy management app rewards consumers for switching off appliances at peak times has raised a further £700,000 from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures, and private investors. The latest funding will enable equiwatt to roll out a new SaaS (software
A Newcastle biotech company whose unique laboratory gut model is used to trial new drugs and foodstuffs without the need for animal testing has raised a further £750,000 from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures. The funding will help Aelius Biotech to expand its
A Hull family business that provides hampers for clients including Jaguar Landrover, EE and ITV is set to double its capacity following a £277,000 loan from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II). Peach Hampers provides bespoke hampers branded with
A Birmingham company whose AI-powered software helps reduce carbon emissions and energy costs in commercial buildings has raised over £2.8m from the Midlands Engine Investment Fund II and Mercia Ventures, Centrica, bp Ventures and private investors. Grid Edge’s platform is used in developments such as Birmingham’s Bull Ring shopping centre and London’s Royal Opera House,
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,