A university spin-out which has developed a device that provides early diagnosis and monitoring of Parkinson’s disease has raised £1.6m to help bring it to market. SERG Technologies has secured investment from Mercia, Velocity Partners, Newable, the Imperial College Innovation Fund, a leading Japanese corporation and private investors. The funding will help the business to
A Sheffield company which provides advanced ‘nurse call’ systems for care homes has secured an £850,000 investment from Traditum Private Equity and NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF). This latest round of funding will enable Arquella to expand its sales and marketing team
A fast-growing employee engagement platform has raised £1.5m for international expansion in an investment that is set to create 15 new jobs. WorkBuzz has secured the funding from its existing backers Mercia and Foresight, both of which invested via the Midlands Engine Investment Fund (MEIF), alongside funding from private investors. The Milton Keynes-based company has
A fast-growing HR software platform that helps firms to manage the performance of employees in different locations has raised a further £3m from existing investors. StaffCircle has received funding from Blackfinch Ventures and the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund.
A Stamford entrepreneur who aims to disrupt the dry-cleaning industry by installing automated drop-off points in shopping centres and railway stations has raised £550,000. Vicky Whiter 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, as part of
A Yorkshire consultancy that helps firms to meet the standards required by the UK’s financial services watchdog has secured a £200,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), as new rules increase demand for its services. The Compliance Company helps
An energy broker that helps businesses to reduce bills has received a further £500,000 in funding from the North East Venture Fund (NEVF), supported by the European Regional Development Fundand managed by Mercia. Sunderland-based Troo will use the investment to create around 50 new jobs over the next six months. Troo, which currently employs over
A West Midlands company which has developed a unique charity fundraising platform has secured £1.25m in investment to help further enhance its technology and expand its client base. Stourbridge-based GivePenny Technologies has secured investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine
Immersive Interactive – a Southport company which provides virtual reality software for the education and medical sectors – has been acquired by Florida-based Echo Healthcare Inc, a global leader in high-reality simulation. The deal provides an exit for Mercia, which achieved an overall return of 4x its original investment. Mercia first backed the company in 2013, using
Three University of Birmingham students who developed a software platform that cuts the time taken by teachers to mark maths and science papers have raised £800,000 to help them commercialise the system. The funding has come from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the