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MP

MEIF Proof of Concept and Early Stage Fund

Government

The MEIF Proof of Concept and Early Stage Fund is managed by Mercia and forms part of the wider Midlands Engine Investment Fund supporting regional businesses.

Portfolio

2

companies


Portfolio companies

C

COHO

Digital platform streamlining property management and tenant matching for shared housing.

P

PropMedia

Digital platform streamlining the property rental process for landlords and tenants.


Recent investments

Seed
£500K

The Worcester based proptech startup picked up additional capital from the MEIF Proof of Concept and Early Stage Fund and private investors.

"We set out to change the perception of co-living to make it a positive choice for people of all ages. However we recognised that what was lacking was a platform that made house sharing easier to manage for both landlords and tenants. COHO aims to fill that gap. The latest funding will allow us to continue our growth journey and establish it as the Airbnb for shared living."
— Vann Vogstad, CEO
Seed
£750K

The funding comes from Mercia and the MEIF Proof of Concept and Early Stage Fund to prepare for a Series A round.

"Our ambitious vision started back in 2008 and is gathering real momentum, supported by this investment plus key board appointments. We are excited about our future growth potential and the opportunity to disrupt the traditional high street lettings model. We aim to make renting out your property long-term as easy as filling your holiday let on Airbnb, and become the go-to choice when renting out property."
— Jonathan Daines, CEO