A HRtech business which helps companies to benchmark themselves against competitors has raised £1.4m from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund, Mercia’s EIS funds, the Angel Co-Fund and private investors. HR Datahub’s platform enables organisations to compare themselves to
A Yorkshire business which is one of the UK’s largest independent toy shop chains has secured a £400,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund. The funding will boost Toyland’s purchasing power and enable it to expand stock levels after the
A Rotherham firm that helps employers to reduce work-related ill health has secured a £125,000 loan from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund. The funding will enable Workplace Scientifics to invest in new equipment and meet the growing demand for its occupational
Centuro Global – an AI-powered platform that helps companies to expand overseas – has raised £3.3m from Mercia to support its rapid growth. Centuro offers businesses a quick way to comply with local regulations in areas ranging from setting up a new company to immigration, HR, legal, tax and accounting issues. The platform covers over
A Lancashire Prop Tech firm whose software is used by many of the UK’s biggest construction companies has secured a seven-figure loan to support its growth from NPIF – Mercia Debt Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund, and Mercia’s SME Loans fund. The funding will enable Clitheroe-based
A cybersecurity business whose automated platform helps SMEs to detect vulnerabilities in their IT system 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 funding round is the second within a year for Newcastle-based Melius Cyber and will enable it
Productive Machines, a Sheffield-based artificial intelligence (AI) startup, has raised £2.2m in seed funding to make its advanced machine tool process optimisation technology available to a far wider range of manufacturers worldwide. UK Innovation & Science Seed Fund (UKI2S) led the round with participation from NPIF – Mercia Equity Finance, which is managed by Mercia
Two former Rugby League players who founded one of Manchester’s most popular independent coffee shops have raised £250,000 from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, to expand their bakery business. Mark Flanagan and Jon Wilkin opened Pot Kettle Black in Barton Arcade
Social Value Portal (SVP), the UK’s leading platform for measuring and monitoring social impact, has secured £8.5m in a Series B funding round led by Mercia with support from existing investor Beringea. This investment will enable SVP to tap into growing demand from the public and private sectors, and launch a new Social Value Academy
Two sports scientists who have developed an employee wellbeing and performance app have secured a further £1m from North East Venture Fund,supported by the European Regional Development Fund and managed by Mercia. This latest investment will enable Dr Phill Bell and Dr Paul Smith to further enhance their One Wellbeing mobile app and create around