A Hull Prop Tech business whose software helps companies to meet new building safety rules has raised a further £575,000 from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund. The latest funding round for Bimsense follows the introduction earlier this year of the Building
Mercia has opened a new office in Hull to help Humber businesses access finance from the Northern Powerhouse Investment Fund (NPIF). Situated in the C4DI campus, the new office will provide a base for Mercia’s Humber team which includes Paul Arthur and Rebecca Pickering who deal with debt funding, and Maurice Disasi and Charlotte Scott
An entrepreneur on a mission to launch the world’s first service streaming live video from space has raised over £2m in an investment round led by Mercia. Charles Black’s company Sen will enable consumers around the world to watch free ultra high-definition (UHD) videos of Earth from cameras located on its satellites and will also
Mercia has expanded its equity finance team in Yorkshire & Humber and the Tees Valley with four new appointments. Alla Kokosha, Charlotte Scott, Natalie Norman and Tom Hammond are the latest to join the team, which is one of the most active of its type in the region and provides businesses with equity investment from
A fast-growing Devon e-commerce business has completed a seven-figure management buy-out backed by an SME loan from Mercia. Letterfest, which is based in Barnstaple, supplies handmade personalised gifts to customers in the UK and the US. The deal gives control of the business to James Reader, one of its first employees, and provides an exit
A HR Tech company which helps organisations design and structure jobs that improve diversity and skills-based hiring has raised £1.75m in a funding round led by Mercia and including existing backer Qantx and private investors. The funding will enable Exeter-based RoleMapper to further develop its AI-powered platform and continue to grow its client base in
A Sheffield product design company has raised £500,000 from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund (NPIF), to help expand its 3D print production service and target new markets. AME Group designs products for many leading consumer brands including Jaguar, Vax, Hornby Railways and
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
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