The British Business Bank has announced the first deal from the Midlands Engine Investment Fund II, with a £1 million equity investment in True Position Robotics facilitated by the appointed fund manager for the East and South East Midlands, Mercia Ventures. True Position Robotics (TPR) is a Nottingham-based company whose industrial robots could revolutionise aircraft production
Leading human risk management platform, CultureAI, has raised £8m in a Series A funding round led by Mercia Ventures and Smedvig Ventures, with existing investors Passion Capital and Senovo also continuing their support. Despite many companies investing heavily in awareness and training programmes over the years, Forrester predicts that 90% of data breaches in 2024
The Northern Powerhouse Investment Fund II (NPIF II) has completed its first equity investment in the Yorkshire and Humber region since the launch of the £660m fund in March this year. Based in Harrogate, Kirsty’s, the UK’s leading ‘free from’ range of ready meals, has raised £2m from NPIF II – Mercia Equity Finance, which
Zedify – the UK’s largest cargo bike delivery network – has secured a further £4m investment from Mercia Ventures, which was investing from its own funds and from the Midlands Engine Investment Fund (MEIF), along with Barclays Sustainable Impact Capital and Green Angel Ventures. The funding will enable the company to expand into more cities
Heidi – a fast-growing online tour operator specialising in flexible ski holidays – has raised £5.6m in a funding round led by Mercia Ventures with participation from Active Partners and private investors. Heidi’s technology allows customers complete flexibility to create their own bespoke package. They can choose from over 6,000 accommodation options in over 400
ULEMCo, a Liverpool-based company that converts commercial vehicles to run on hydrogen fuel, has raised over £5m in a funding round led by Mercia Ventures, which was investing from its own funds and the first Northern Powerhouse Investment Fund (NPIF), and backed by existing investors Equity Gap, the North West Fund and Scottish Enterprise. The
Locate Bio – the pioneering orthobiologics company which is backed by Mercia, has completed an oversubscribed £9.2m funding round backed by both new investors and existing investors, Mercia and BGF. The proceeds will fund a clinical study of LDGraft, a bone graft substitute for spinal fusion. This funding and the clinical trial known as RESTORE
Log my Care – a London-based company whose software platform enables care homes and social care organisations to ‘go digital’ – has raised a further £3m funding from existing investor Mercia Ventures. The latest investment will help it to establish itself as a leader in the learning disability sector and expand its presence in home
Warwick Acoustics – the Mercia-backed company whose patented loudspeaker technology is set to revolutionise in-car audio systems – has raised a further £7m in a funding round led by Mercia and including NFU Mutual and a range of private investors. The funding will enable the company to invest in a new state of art manufacturing
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