A Midlands software company which uses the power of video games to help businesses manage and motivate their sales teams has raised a further £600,000 for expansion. Stormburst Studios secured funding from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), and
A software platform that helps businesses to connect with staff is aiming to double in size after raising a £780,000 investment. WorkBuzz has secured the funding from Mercia and Foresight, both investing through equity finance from the Midlands Engine Investment Fund (MEIF) alongside private investors. The Milton Keynes-based company, which currently employs 16 staff, is
A company which has designed a software platform that helps businesses optimise online recruitment has raised £630,000 to support its growth plans. Smart Recruit Online secured the funding from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), and private investors. Smart
A Harrogate-based events company which is a leader in the field of charity auctions and fundraising is gearing up for the return of live action with the help of £200,000 funding. Impulse Decisions has secured backing from NPIF – Mercia Debt Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund,
LUNAC Therapeutics – a Leeds-based drug discovery company which is developing advanced life-saving anticoagulants – has raised £4.75m. The funding has come from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, the government’s Future Fund, and existing investors including Caribou Property and Epidarex Capital.
An engineering business backed by Mercia has launched a new venture that could save the process industry millions in lost production. Stream Sensing – a spin-out from Industrial Tomography Systems (ITS) – can measure the flow of liquids such as paints, shampoo or detergent during the production process to check the consistency is correct. Unlike
A medtech start-up whose sensor technology could improve outcomes for patients having knee replacement operations has raised £1.4m to bring its device to market. Eventum Orthopaedics has secured funding from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, Mercia’s EIS funds and private investors
A company which manufactures personalised pet food using only natural ingredients has secured a multi-million pound investment to accelerate its growth. Pure Pet Food has raised the funds 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 Fund. The latest
A recruitment platform which allows haulage operators to reduce costs has raised a further £300,000 to support its expansion plans. Avail Technologies has secured further funding from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, and directors including chairman Keverne Watt. It comes as
A biotech company which produces synthetic antibodies has launched a new product that could improve the success of rapid sensors in detecting Covid-19. MIP Diagnostics – which is backed by Mercia – develops molecularly imprinted polymers (MIPs) which can be used to replace antibodies in diagnostic tests and other applications. MIPs can be manufactured more