NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), has invested over £71m since its launch five years ago. During that time the fund has supported 67 businesses – the majority in Yorkshire, Humber and Tees Valley – and created over 600 jobs in
An award-winning entrepreneur has raised a further £1.3m for her software platform which helps companies manage complex rebate and price incentive schemes. It is the third funding round for e-bate founder Leanne Bonner-Cooke MBE, and comes from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the
A modular buildings manufacturer which tripled its turnover during the pandemic has secured a £200,000 loan to support its further growth. Actiform has raised funding from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF). The company has played an active role in helping the
A doctor who has developed an app to help reduce anxiety in children undergoing surgery has raised £1.5m from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), Mercia’s own funds and private investors. Dr Chris Evans, an anaesthetist working with children and a father
An HGV recruitment platform that aims to revolutionise the logistics industry has raised over £320,000 to further develop its system and expand the business. Avail Technologies has secured the funding from existing backer NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), alongside private investors.
The entrepreneur behind a new property management platform has raised £275,000 to establish it as the ‘Airbnb for shared living’. Vann Vogstad has raised funding from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund, and private investors. COHO was inspired by
The company behind an eco-friendly water treatment that will clean up polluted rivers and seas has raised a further £700,000 to help roll its technology out at more municipal water plants. I-Phyc has secured investment from Mercia managed MEIF Proof of Concept & Early Stage Fund, which is part of the Midlands Engine Investment Fund,
Two sport and exercise scientists who established an app to improve employee wellbeing and performance have raised £800,000 from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia, to fund the next stage of growth. Dr Phill Bell and Dr Paul Smith will use the funds to further develop their platform,
Broker Insights – the high-growth company whose digital platform is transforming the commercial insurance market – has raised more than £6m in a Series A funding round led by Mercia. Chroma Ventures, which first backed Broker Insights with seed funding in 2018, made a follow-on investment in this round, alongside a group of private UK
A UK business which aims to transform industry with its internet of things software platform has raised £2.1m to accelerate its international expansion. Konektio received funding from both the Midlands Engine Investment Fund (MEIF) and Northern Powerhouse Investment Fund (NPIF), managed by Mercia and Foresight Group, along with existing investor Tern plc. The funding will