An early-stage investment fund managed by Mercia Ventures and part of the Midlands Engine Investment Fund that backs startups such as BlueSkeye AI and Nuvision.
Portfolio
18
companies
4D Biomaterials
Developer of a biodegradable biomaterial used for 3D printed medical implants.
Adapttech
Adapttech develops wearable biomedical technologies to improve the quality of life for people with physical limitations.
COHO
Digital platform streamlining property management and tenant matching for shared housing.
CorrosionRADAR
CorrosionRADAR provides smart monitoring systems to detect and predict industrial corrosion.
CyberOwl
CyberOwl provides early warning cybersecurity platforms for connected industrial systems.
Graide
Graide offers an AI-powered assessment platform that helps educators mark student assignments.
HR DataHub
HR DataHub operates a data benchmarking platform that helps organisations inform their employment policies.
Humley
Humley develops conversational assistants designed to man helpdesks and handle enquiries.
ImmuONE
ImmuONE develops human lung tissue models to replace animal testing in drug safety evaluations.
LettingaProperty
LettingaProperty provides an online lettings platform that connects landlords with tenants for a fixed monthly fee.
NuVision
NuVision manufactures biological treatments and bandage contact lenses to accelerate ocular healing.
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OneUp Sales
OneUp Sales builds gaming technology to manage and motivate sales teams.
Pharmaseal
Software platform streamlining clinical trial management for pharmaceutical firms.
Smart Recruit Online
Smart Recruit Online provides an intelligent software platform that helps businesses optimise their online recruitment processes.
StaffCircle
StaffCircle provides a digital platform for managing remote employee performance and engagement.
Wayroo
Wayroo provides a digital software platform for car leasing brokerages and dealerships.
Zedify
Zedify provides zero-emission first and last mile delivery services for urban areas.
e-Bate
Software firm providing a platform to manage corporate rebate and incentive schemes.
David Baker
Representative
Jamie Partington
Legal Advisor
The funding round was led by XTX Ventures with participation from existing backers including Mercia Ventures and SFC Capital.
"Graide provides transparent, explainable AI, a requirement in today’s world, and can cover all subjects taught from school to university level, saving teacher time. We are pleased to welcome XTX Ventures, which has extensive experience in AI and machine learning, as a new investor in this round."
The funding will support new laboratories in Stevenage and headquarters in Milton Keynes alongside team expansion.
"Having worked on drug development projects that involve animal testing, I've seen the difference that new drugs can make to patients' lives. However, I felt there had to be a better way and set out to look for an alternative. Our model not only enables companies to move away from animal testing but also improves safety for patients too. We look forward to working with many more clients and scaling the business with a view to global expansion in the future."
The funding was provided by the MEIF Proof of Concept and Early Stage Fund alongside Mercia's EIS funds.
"We are excited about this new chapter at OneUp Sales. Our growth and this successful fundraising round validate the impact we’re having on hundreds of sales teams around the world. With the support of our investors, we are well prepared to pursue our vision and deliver even greater functionality to our clients; our upcoming commission management tool is set to be a gamechanger for finance and sales teams everywhere."
The funding round was backed by Mercia, the MEIF Proof of Concept and Early Stage Fund, the Angel Co-Fund, and private investors.
"The world of work has never been more complex, so it is important that organisations make decisions based on accurate data. At HR Datahub our mission is to give them the analysis and the insights they need. The funding will enable us to add a new level of sophistication to the platform and roll it out to an even wider audience."
The funding round was led by Barclays Sustainable Impact Capital and MEIF Proof of Concept and Early Stage Fund to support national expansion and job creation.
"Zedify’s model delivers tangible benefits- significant carbon reduction in the last mile; a fairer system for workers which counteracts the gig economy; cleaner, safer deliveries that contribute to healthier, more liveable cities; and more choice for consumers about how and when they receive their parcels. It’s exciting to have the backing of new and existing investors to enable us to realise our mission to transform urban logistics and create cities that are truly better for everyone."
