Melius Cyber, the Newcastle-based cybersecurity specialist, has appointed Paul Cairney as Head of Marketing to help lead the company’s growth following its latest investment round. Paul (pictured right) joins from Newcastle Building Society where he held the same position. He has extensive experience in marketing and brand building, having started his career at Royal Bank
Pure Pet Food, which provides personalised dog food delivered to customers’ doors, has raised £15m from Felix Capital and existing investor Mercia Ventures. The latest investment will support the further expansion of the Yorkshire-based business following a period of rapid growth. Pure Pet Food was founded in 2013 by childhood friends Daniel Valdur Eha and
Mindtech Global, a leader in developing synthetic data to train AI vision systems, has secured £4.4m in a funding round led by Edge and including Mercia Ventures, which was investing from its own funds and the Northern Powerhouse Investment Fund. The latest funding round will enable the Sheffield-based company to further develop its technology, accelerate
A fast-growing Leeds cybersecurity company has secured a six-figure loan from NPIF II – Mercia Debt Finance, which is managed by Mercia as part of the Northern Powerhouse Investment Fund II (NPIF II). Xentra provides a full range of digital security solutions to clients including Leeds United FC, Leeds Bradford Airport, local councils, schools and NHS
Melius Cyber – a Newcastle-based company whose platform helps businesses to detect cyber risks within hours – has raised a further £500,000 from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia. The latest investment will enable it to launch a new version of its CyberSafe platform and expand its team
Inteb, a Merseyside-based energy and sustainability consultancy whose clients include large corporates and real estate companies across the UK, has undergone a seven-figure management buyout backed by Mercia’s SME Loans Fund. The deal gives control of the business to a team led by the Managing Director, Tom Kelly, and including Commercial Director, Les Edwards, Operations
Leap Automation (Leap AI) – an Aberdeen-based company specialising in low-cost industrial AI robotics – has secured a £7.9m investment to support its further growth. Mercia Ventures invested alongside the Scottish National Investment Bank and WA Capital in the funding round, which will enable it to expand new, highly-skilled jobs and scale its intellectual property
Invizius – the Edinburgh-based biotech company developing breakthrough treatments for patients on dialysis – has raised £950,000 in a funding round led by Mercia Ventures and supported by Calculus Capital, Syensqo, the University of Edinburgh’s Old College Capital and Scottish Enterprise. The latest investment will enable the company to prepare for the next stage of
Alesi Surgical – a Cardiff-based company with a novel technology to manage smoke created by surgical tools in operating theatres – has raised £5m in a funding round led by Mercia Ventures and including existing investors IP Group and Panakès Partners. The latest funding, which brings the total raised by the company to date to
Purple Transform – an AI data analytics business that helps to identify and prevent incidents such as theft, trespass and antisocial behaviour on railway lines – has raised £4.5m in a funding round led by Mercia Ventures via the Midlands Engine Investment Fund II and backed by Sure Valley Ventures. The funding will enable the