A specialist highways drainage contractor has raised £3.9m from the Midlands Engine Investment Fund II, through the appointed fund manager Mercia Ventures. The funding will enable Crown Plus to invest in new equipment and take on bigger projects. The Telford-based company provides a complete highways drainage service from detailed defect surveys to remediation and renewal. It has an
Pet insurance platform Napo has raised £12m in a Series B funding round led by Mercia Ventures, with participation from existing investors including DN Capital, Companion Fund, MTech Capital and Helvetia Venture Fund. The funding will enable the London-based company to strengthen its AI and automation capabilities, grow market share and increase the size of
A platform that uses gaming technology to manage and motivate sales teams has raised a further £1.5m from the Midlands Engine Investment Fund (MEIF) and Mercia Ventures. The latest round of funding will enable OneUp Sales to build its customer base in the US, where it has already gained a strong foothold, and further develop
A long-established Lancashire company that supplies X-ray protection wear to the NHS is targeting global markets with the help of a £350,000 loan from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II). WSR Medical Solutions is the UK’s leading manufacturer of
HowNow – the AI-powered learning and skills platform – has extended it Series A funding round to £7.5m. Following an initial £4m investment from Mercia Ventures and FTSE 100 education firm Pearson in February 2023, it has secured a further £3.5m from Mercia and Pearson, along with Fuel Ventures. Headquartered in London, HowNow serves customers
A Sunderland company that is developing an innovative healthcare and fitness monitor has raised a further £500,000 from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures, to help bring it to market. Applied Monitoring has developed a non-invasive way to continuously monitor lactate levels in blood,
Shopblocks, the Stockport-based business that is a pioneer in digital commerce, has raised £2m from NPIF II – Mercia Equity Finance, which is managed by Mercia Ventures as part of the Northern Powerhouse Investment Fund II (NPIF II), Mercia’s EIS funds, the Greater Manchester Combined Authority (GMCA) and private investors. The latest investment comes as
A Hull-based software business has raised £100,000 from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II), to support its growing workload. Think360 has secured over £1m worth of new contracts in the past few weeks and has over £4m of other
A Hull-based electrical wholesaler has undergone a seven-figure management buy-out backed by funding from Mercia Debt. AA Jones Electric, which was founded in 2009 and is now one of the region’s leading independents, supplies electrical equipment for domestic and commercial use, as well as industrial automation and controls. The buy-out gives control of the business
TalentMapper – a London-based company whose platform helps identify and develop the skills within an organisation – has raised £2m from Mercia Ventures and Haatch. Despite being launched just 18 months ago, TalentMapper has already attracted major clients including Dunelm, Danone and Mountain Warehouse and achieved annual recurring revenue of over £700,000. The funding will