Mercia backs Aston EyeTech

By Iris Dorbian — 1 year ago

UK-based Mercia Fund Management has agreed to invest 230,000 pounds in Aston EyeTech, an Aston University spin-out. Aston EyeTech is a provider of software that helps optometrists with diagnosis, selling optical products and conducting clinical trials.

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Mercia to debut new digital fund

By Iris Dorbian — 2 years ago

UK-based Mercia Fund Management said Wednesday that it is launching a new digital fund. The fund will make a minimum investment of 25,000 pounds “if investing via a financial intermediary or if taking regulated advice.”

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Mercia Fund Management backs InoCardia

By Angela Sormani — 2 years ago

Technology investor Mercia Fund Management has backed InoCardia, a UK-based Coventry University spinout providing drug screening services. Mercia Fund Management’s investment will fund the development and commercialisation of a pre-clinical drug testing service for pharmaceutical organisations.

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UK’s Kwanji raises seed funds

By Angela Sormani — 2 years ago

Kwanji, a UK based tech start-up working to simplify foreign exchange mechanisms for small businesses, has completed an initial seed funding round. Mercia Fund Management led a consortium of investors under the Seed Enterprise Investment Scheme.

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CYP Design completes seed funding round

By Angela Sormani — 2 years ago

CYP Design has completed a seed funding round led by Mercia Fund Management under the Seed Enterprise Investment Scheme. The business is a spin out from the Leicester School of Pharmacy, part of the Faculty of Health and Life Sciences at De Montfort University. The company was founded to market new technology designed to speed up and reduce the cost of the development of new drugs and medicines.

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PolyTherics Merges with Antitope

By Angela Sormani — 3 years ago

UK-based PolyTherics Limited has merged with Antitope Limited, a provider of antibody engineering and immunogenicity screening services. PolyTherics is issuing new shares up to an aggregate value of 13.5 million pounds ($20.8 million) to fund the merger with Antitope and to provide working capital for the enlarged group. Imperial Innovations led the investment and brought in new investor Invesco Perpetual with further funds provided by Mercia Fund Management and Advantage Enterprise & Innovation Fund.

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Mercia Growth Fund 1 Over-Subscribed

By Angela Sormani — 3 years ago

UK-based Mercia Fund Management has announced an over subscription to the SEIS portion of its Mercia Growth Fund, less than three months after the fund’s launch. The Mercia Growth Fund was launched to investors at the end of August and has already achieved its fund raising targets.

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Mercia Fund Management Gets Funding Boost

By Angela Sormani — 3 years ago

Mercia Fund Management has received a 1.5 million pounds ($2.42 million) funding boost for its Mercia Fund 1 which works with West Midlands universities. The fund is supported by just over 1 million pounds from the European Regional Development Fund, which is managed by the Department for Communities and Local Government and matched by six West Midlands universities and Mercia Fund 1.

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