A UK tech company is creating virtual models of some of the top West Midlands venues to help attract new international clients and promote the region as a leading events location. Iventis has been commissioned by the West Midlands Growth Company to create ‘digital twins’ of 10 venues including the NEC, the Utilita and Resorts World
Suiso – a UK company developing an innovative hydrogen generator that could boost uptake of green energy – has raised £3m from NPIF – Mercia Equity Finance, which is managed by Mercia Ventures and part of the Northern Powerhouse Investment Fund, and Mercia’s EIS funds. The company plans to create generators the size of shipping
Wobble Genomics – a University of Edinburgh spin-out whose novel approach to RNA sequencing could revolutionise many fields in biotechnology – has raised £8.5m to help commercialise its technology. The funding round was led by Mercia Ventures and BGF and backed by IQ Capital, EOS Advisors and Old College Capital, the university’s venture fund. Wobble,
The company behind an app that aims to move freight traffic off the roads and on to the rail network has secured a £150,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund. RailX is encouraging businesses to take a more sustainable approach to
Sitehop – the Sheffield-based network encryption specialist backed by Mercia Ventures – has raised £5m in a seed funding led by Amadeus Capital Partners and Manta Ray Ventures. Mercia also participated in the round using funding from the Northern Powerhouse Investment Fund (NPIF) and its EIS funds, along with the founders of Event Horizon Capital
Graide, the University of Birmingham spinout whose assistive AI-based platform helps teachers mark student homework, has raised £1.65m to expand in the UK and target new markets in the US and Canada. The funding has come from XTX Ventures alongside existing investors Mercia Ventures, the MEIF Proof of Concept & Early Stage Fund, which is
Pimberly – a Manchester-based company whose Product Information Management (PIM) and Digital Asset Management (DAM) software helps businesses to boost e-commerce sales – has raised a further £4m from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund (NPIF), and Mercia’s own funds. The latest funding
Tagomics, the developer of a cutting-edge platform for comprehensive disease insight and diagnosis, has raised £6.7m in a funding round led by Calculus Capital and including Mercia Ventures, the MEIF Proof of Concept & Early Stage Fund which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), Illumina Ventures, IQ Capital,
IsomAb – a University of Nottingham spin-out pioneering a new treatment for diabetics at risk of amputation – has raised £7.5m (US$9.4m) in a funding round led by Broadview Ventures and backed by MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia Ventures and part of the Midlands Engine Investment Fund
A Yorkshire leather merchant that is also a leading supplier of traditional Highland dress and menswear has secured a £265,000 loan for expansion from NPIF – Mercia Debt Finance which is managed by Mercia and part of the Northern Powerhouse Investment Fund. J Wood Leathers is one of the top leather wholesalers in the UK,