Salesfire – a Middlesbrough company whose platform helps e-commerce stores to increase sales – has raised a further £2.75m from NPIF II – Mercia Equity Finance, which is managed by Mercia Ventures as part of the Northern Powerhouse Investment Fund II (NPIF II). The funding will enable the company to incorporate its latest AI-powered technology into
A Hull company which produces laboratory furniture for leading universities and research institutes has secured a £100,000 loan from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II). The funding will enable Lab Systems Furniture to expand its capacity by moving into
Radical Forge, a Middlesbrough-based games studio, has raised £2.6m from NPIF II – Mercia Equity Finance, which is managed by Mercia Ventures as part of the Northern Powerhouse Investment Fund II (NPIF II). The NPIF II funding will enable the company to expand its team with the creation of 15 jobs, take on new and bigger
Broker Insights, the Dundee-based insurtech whose platform helps brokers to better understand their business and connect with insurers, has launched in the US. Broker Insights’ platform is available in all 50 states and has been specifically tailored for the US following extensive broker research and collaboration during which time it analysed almost $1bn of gross
Melius Cyber, the Newcastle-based cybersecurity specialist, has appointed Paul Cairney as Head of Marketing to help lead the company’s growth following its latest investment round. Paul (pictured right) joins from Newcastle Building Society where he held the same position. He has extensive experience in marketing and brand building, having started his career at Royal Bank
Pure Pet Food, which provides personalised dog food delivered to customers’ doors, has raised £15m from Felix Capital and existing investor Mercia Ventures. The latest investment will support the further expansion of the Yorkshire-based business following a period of rapid growth. Pure Pet Food was founded in 2013 by childhood friends Daniel Valdur Eha and
Mindtech Global, a leader in developing synthetic data to train AI vision systems, has secured £4.4m in a funding round led by Edge and including Mercia Ventures, which was investing from its own funds and the Northern Powerhouse Investment Fund. The latest funding round will enable the Sheffield-based company to further develop its technology, accelerate
A fast-growing Leeds cybersecurity company has secured a six-figure loan from NPIF II – Mercia Debt Finance, which is managed by Mercia as part of the Northern Powerhouse Investment Fund II (NPIF II). Xentra provides a full range of digital security solutions to clients including Leeds United FC, Leeds Bradford Airport, local councils, schools and NHS
Melius Cyber – a Newcastle-based company whose platform helps businesses to detect cyber risks within hours – 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 investment will enable it to launch a new version of its CyberSafe platform and expand its team
Inteb, a Merseyside-based energy and sustainability consultancy whose clients include large corporates and real estate companies across the UK, has undergone a seven-figure management buyout backed by Mercia’s SME Loans Fund. The deal gives control of the business to a team led by the Managing Director, Tom Kelly, and including Commercial Director, Les Edwards, Operations