A university spin-out which has developed a way to detect cancer at an early stage using a simple blood test has completed a £2.4m funding round led by Mercia’s EIS funds. The investment will allow ClinSpec Diagnostics (ClinSpec Dx) to further develop its technology and expand its team. The Glasgow-based company was founded in 2016 to commercialise research
A healthtech business with an app that helps patients communicate with clinicians remotely has raised a further £2m to help expand its use. Advanced Digital Innovation (ADI) has raised funding from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, the UK government’s Future Fund
A start-up which aims to use cutting-edge technologies to help farmers improve crop yields has raised £250,000 from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF). The funding will allow Earth Rover to launch its first product, a ‘crop scouting’
Nova Pangaea Technologies, the Redcar company which has found a way to use non-food biomass to make biofuels and other chemicals, has raised a further £900,000 from investors following successful trials of its technology. The latest funding has come from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern
A Sheffield animation studio which has won international acclaim is expanding with the help a £100,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund. Red Star 3D creates its own films which are shown in cinemas, theme parks, museums and other venues. Its
A company which has developed a new payment system for the games industry has secured a further £200k investment from the MEIF Proof of Concept & Early Stage Fund, managed by Mercia and part of the Midlands Engine Investment Fund (MEIF). Transaction Technologies’ new platform will target the multi-billion-dollar market for in-game downloads. PlayerLands, as
Mercia is now offering NPIF loans of £100,000 to £750,000 backed by the Coronavirus Business Interruption Loan Scheme (CBILS). Mercia opened applications after being accredited as a CBILS lender by the British Business Bank recently and will deliver the loans through the Northern Powerhouse Investment Fund (NPIF). Mercia now manages more than £140milion on behalf
IBEX, the Mercia-backed company which is a pioneer in X-ray imaging technology, has developed a new system that can provide an early warning system for osteoporosis, a condition that weakens bones and can result in potentially fatal fractures. The company has successfully demonstrated the system in a clinical trial with researchers from The James Cook
A start-up which uses AI to detect fake news has raised £2.5m to further develop its product in time for the US election. Logically has secured funding from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, and XTX Ventures – the venture capital affiliate
A team of healthcare experts who developed a fast and low-cost way to protect carers working with Covid-19 patients has raised a £100,000 investment. Mat Campbell-Hill and his colleagues who created the AerosolShield mini-isolation tent have secured the funding from the West Midlands Academic Health Science Network’s (WMAHSN) SME Health Innovation Fund, which is managed