Spotlight on – Mercia’s Midlands Engine Investment Fund

15th July, 2021

Mercia has a longstanding affiliation with the Midlands, having made our first investment into the region in 2000. More recently, we have invested £14m into 26 high growth businesses from our Midlands Engine Investment Fund (“MEIF”), including our most recent investment into WorkBuzz Analytics.

Deal Spotlight – WorkBuzz

Mercia is about more than just capital and we recognise the synergies that can be derived from connecting investee companies with the experienced Non-executive Directors (NEDs) from our network. As is often the case with referrals across Mercia portfolio companies, following the successful exit from Clear Review, investor and NED Jeremey Tipper recently joined WorkBuzz, a HR tech platform, to support CEO Steve Frost with the ambitious goal of recruiting 15 new hires and achieving 100% annual growth over the next two years.

We recently caught up with Jeremy to discuss more about his approach to NED and chair roles, how companies can maximise the effectiveness of their Board and what’s been keeping him busy since joining WorkBuzz:

Mercia continues to have strong capacity to invest into Midlands-based companies. Whilst a sector agnostic investor, there’s a common thread that ties together each of our investee companies: a strong and ambitious management team that are looking to make a splash in a market with high growth potential.

Our NED network is at the heart of what we do and ultimately we take great comfort from any referred investment opportunity, knowing it’s already had a critical analysis of the business model and market potential. With that in mind, we would love to discuss any opportunities you are seeing so please feel free to reach out to any of your investment team below.

Sandy Reid – Investment Director – Sandy.Reid@Mercia.co.uk

Stephen Windsor – Investment Director – Stephen.Windsor@Mercia.co.uk

David Baker – Investment Manager – David.Baker@Mercia.co.uk

Kiran Mehta – Investment Manager – Kiran.Mehta@Mercia.co.uk

 

                       

 

 

 

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