A software provider helping distribution and wholesale companies to adapt to doing business online during the pandemic is set to expand its overseas client base with the help of a £200,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund. The loan will help
Cyan Forensics, the Mercia-backed company that helps police and social media companies to find and block harmful content from paedophiles and terrorists, has raised over £5m in a Series A investment round. The latest funding round was led by Par Equity and backed by Mercia, Triplepoint, SIS Ventures, Scottish Enterprise and the MacLeod Family Trust.
A biotech company which has developed a rapid test that could be a ‘game changer’ in combatting tuberculosis (TB) in livestock has raised £2.3m to help bring its product to market. The funding for PBD Biotech has come from a consortium led by Mercia and the Foresight Group, which were both investing through the Midlands Engine Investment
Adapttech – the biomedical start-up backed by Mercia – has raised a further £2m to help fund new product development and drive sales of its INSIGHT system, which makes it faster and easier to fit lower-limb prostheses and monitor the patient’s rehabilitation. The latest round was supported by the MEIF Proof of Concept & Early Stage Fund,
A Mercia-backed e-commerce software business has undergone a management buy-in led by an award-winning business leader. Elizabeth Gooch MBE will now take on the role of CEO of Expandly, the Milton Keynes-based business which allows retailers to sell through multiple online channels. The deal, which also gives the business access to £750,000 to support its further
A Mercia-backed company with a new technology that allows people to use their mobile phones to guide them through airports other indoor spaces has secured a £750,000 loan to help fast track its development. Living Map’s new software overcomes the challenge of using digital maps inside large buildings, underground areas or other locations where GPS
An engineering company which suffered a slowdown in trade due to the pandemic has received a £100,000 CBILS-backed loan from NPIF – Mercia Debt Finance, that is managed by Mercia and is part of the Northern Powerhouse Investment Fund. The funding will help ECF Special Alloys to boost its working capital and invest in new
A Mercia-backed company which is set to become a world leader in the 3D printing industry has raised a further £2.5m. The funding for Additive Manufacturing Technologies (AMT) follows the company’s success in agreeing a partnership with tech giant HP, positioning AMT’s post-processing system as a preferred solution for use alongside HP’s industrial 3D printers.
A Mercia-backed company which produces magazines and digital marketing solutions for the life science and medical industry is poised to become one of the world’s fastest-growing scientific publishers, after achieving continued rapid year-on-year growth. Texere Publishing – which is based in Knutsford and has an office in New York – grew revenue in the US
CorrosionRADAR – the Mercia-backed company whose technology can detect and predict corrosion in pipelines – has attracted funding from the Middle East’s largest oil and gas company as part of a £2.9m investment round. Saudi Aramco Energy Ventures led the Series A round, with support from the MEIF Proof of Concept & Early Stage Fund, which