A Yorkshire company that provides broadband and cloud services to schools throughout the UK has secured £1m from NPIF II – Mercia Debt Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund II (NPIF II), and Mercia’s SME Loans fund. The funding will provide Talk Straight with additional working capital
Warehow, a rapidly expanding e-commerce fulfilment company catering to fashion and homeware retailers, has raised £2.1m in a Series A funding round led by the Midlands Engine Investment Fund II through its appointed fund manager Mercia Ventures, with support from existing investor MENA Moonshots. Warehow enables retailers to sell on multiple marketplaces such as eBay,
The Northern Powerhouse Investment Fund II (NPIF II) has completed its first deal in West Yorkshire since the launch of the £660m fund in March this year. A family farm on the Yorkshire moors has secured £100,000 from NPIF II – Mercia Debt Finance, which is managed by Mercia and part of NPIF II, to open
Turbine – a ‘techbio’ company with a cell simulation platform that can understand the biology of diseases including cancer and predict the effectiveness of treatments – has strengthened its board with three new appointments. The additions will help the company to accelerate business development following strong results generated by its Simulated Cell platform in the
Promethean Particles, a chemical manufacturing company specialising in metal-organic frameworks (MOFs), has closed a £8m financing round. The investment was led by Mercia Ventures and Aramco Ventures, with participation from existing investors including the Midlands Engine Investment Fund I (Equity Finance fund, managed by Foresight), the University of Nottingham, TSP Ventures, and the East Midlands
Neupulse, a University of Nottingham spinout has secured a £500,000 equity investment through the Midlands Engine Investment Fund II, facilitated by appointed fund manager for the East and South East Midlands Mercia Ventures. Founded in 2021 by husband and wife team, Professors Stephen and Georgina Jackson, with Dr Barbara Morera at the University of Nottingham,
Luminous XR – a Newcastle-based business which is a pioneer in the field of extended reality (XR) software – has raised a further £1m from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures. The latest investment follows the company’s success in winning a seven-figure contract from
CorrosionRADAR, the Cambridge-based business that is a leading provider of ‘smart’ corrosion monitoring solutions, has completed a £5m investment round led by global energy corporates Aramco Ventures, Dow and Kanoo Ventures and backed by Mercia Ventures, investing via the Midlands Engine Investment Fund (MEIF). The latest funding will enable the company to accelerate deployment of
A York accountancy firm has secured a six-figure loan from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II), to support its continued growth following its acquisition of another local practice. The funding for Change Accountants is the first deal in York
The Northern Powerhouse Investment Fund II (NPIF II) has completed its first deal in South Yorkshire since the launch of the £660m fund in March this year. FinLegal – a Sheffield-based LegalTech company whose platform is used by the leading claims firms in the UK and Australia – has raised £2m to accelerate the growth