A recruitment platform for HGV drivers has seen a surge in demand amidst government efforts to encourage trained drivers to get back behind the wheel. Avail Technologies, which is based in Stockton-on-Tees, is on target to double the number of registered users on its platform to over 20,000 by the end of the year. The
A company with a new interactive 5D mapping platform that makes it easier to monitor and manage complex infrastructure has raised £750,000 from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia. 3DEO’s system is already being used by BT on 5G projects and by ports and
Aceleron – the UK company which is pioneering sustainable battery technology – has raised a further £2.5m as it continues to expand its global sales. The latest funding has come from existing investors BGF, the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment
One of the UK’s leading providers of training courses for MOT testers is planning to expand after undergoing a management buy-out backed by a loan from Mercia. MOT Expert, which is based in Northampton, helps over 1,000 candidates each year to gain their qualifications including staff from some of the major garage chains. The buy-out
A company that restores and resells luxury handbags to clients worldwide has raised £800,000 from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia, and private investors, to support its growth. The investment will allow Handbag Clinic to create around 20 new jobs at its premises in
Slingshot Simulations, the Leeds company which is a pioneer of ‘digital twin’ technology, has made four new appointments to support its growth as it rolls out its software to the market. Dr Robert Harwood joins as Chief Operating Officer, having spent over 20 years in leadership roles in the modelling and simulation industry in both
A platform that helps parents and students to find online tutors has raised a further £3m investment amidst a boom in business following the pandemic. Tutorful has secured funding from Mercia’s Northern Venture Capital Trust (VCT) funds and NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment
A company whose software helps hospitality businesses to boost sales has raised £500,000 from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF). The funding will allow Airship Services to take advantage of increased demand following the re-opening of bars and restaurants. Despite the restrictions in place
Oddbox – the Mercia-backed platform using technology to fight food waste – has secured a £16m investment from BurdaPrincipal Investments (BPI), the growth capital arm of media and tech company Hubert Burda Media whose titles include BBCGoodFood and Olive Magazine. The new funds will be used to accelerate Oddbox’s contribution to fighting food waste by
A company with a unique software pricing tool has secured a further £250,000 funding from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), as it seeks to establish itself as a global leader in its field. Middlesbrough-based Bubo.AI completed a £500,000 funding round