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.
The funding round was led by DSW Ventures with backing from Mercia and SFC Capital.
"I am delighted to welcome DSW Ventures and Mercia on board at this exciting time for the company. The raise was oversubscribed by 60%, helped by the continuing support of SFC Capital and our angel investors. This puts us in a strong position as we move into the next phase of taking our products to market."
The Milton Keynes recruitment software firm has secured backing from the MEIF Proof of Concept and Early Stage Fund to scale its operations.
"Our platform solves a key problem for employers – how to recruit the best talent online quickly and efficiently and achieve better value from their budget. Our existing clients are proof of the benefits it offers, and the latest investment will enable us to roll it out to many more companies."
The investment round was backed by Blackfinch Investments and Mercia through the Midlands Engine Investment Fund.
"In a world of remote working, managing employee performance has never been more challenging. StaffCircle introduces new levels of structure and visibility, connecting employees and helping teams to meet targets. The latest funding round demonstrates the confidence our investors place in us and will enable us to roll out the platform to many more companies."
The biomedical startup has raised £2m from backers including Mercia and Bionova Capital.
"We’re delighted to have secured significant investment from both existing and new investors as we seek to drive sales of INSIGHT,"
Saudi Aramco Energy Ventures led the $5m round to support international expansion and technological development.
"We welcome this exciting collaboration with Saudi Aramco Energy Ventures as we step up the global response to CUI through the adoption of digital solutions. This investment demonstrates a surge of confidence from the sector in the use of real-time data systems that will accurately predict leakages and the onset of structural failure. With the worldwide cost of corrosion at $2.5 trillion, a co-ordinated effort cannot come soon enough. CorrosionRADAR is showing that a sustainable path to increased safety and dramatically reduced costs is achievable right now, using new technology and wireless connectivity."
