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
A leading cybersecurity specialist that provides services for some of the UK’s biggest companies has raised a seven-figure sum from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF). The funding will allow Talion to further expand its business in the UK and target new
Warwick Acoustics – the Midlands-based company which aims to disrupt the delivery of entertainment within the next generation of electric vehicles – has raised £2.8m from existing shareholders including Mercia Asset Management, and a small number of high net worth investors. The funds will enable it to capitalise on commercial progress made over the last
Adludio – the London-based adtech company that is a leader in the field of mobile advertising – has secured a £4m investment from Mercia to propel further growth in the US and internationally. Adludio delivers creative campaigns that make full use of mobile phone features and deliver guaranteed results for brands and advertising agencies. The
Gentronix – the UK-based contract research organisation (CRO) that is a leader in the field of genetic toxicology – has raised £700,000 in a funding round led by existing investor Mercia to support its continued growth. The latest round, which includes a number of private investors, follows Gentronix’s recent acquisition of the Big Blue® transgenic