An investment firm managing various funds including the Midlands Engine Investment Fund and EIS funds.
Portfolio
140
companies
AUM
£1.4B
under management
4D Biomaterials
Developer of a biodegradable biomaterial used for 3D printed medical implants.
ATM Security
ATM Security develops keyless access technology for remote and utility sites.
Additive Manufacturing Technologies
Additive Manufacturing Technologies builds automated post processing systems for industrial 3D printing.
Adludio
Adludio provides an interactive mobile advertising platform powered by artificial intelligence and data science.
Advanced Digital Innovation
Advanced Digital Innovation develops remote patient communication software for healthcare providers.
Aelius Biotech
Aelius Biotech develops laboratory gut models to test drugs and foodstuffs without animal trials.
Airship Services
Hospitality software provider helping venues boost sales and customer engagement.
Alesi Surgical
Alesi Surgical develops technology to remove hazardous surgical smoke in operating theatres.
Allegrow
Allegrow builds a sales automation platform that helps business to business companies generate and close new leads.
Applied Monitoring
Applied Monitoring develops non-invasive sensor technology to track blood lactate levels.
Artificial Artists
Artificial Artists builds 3D software platforms that streamline creative production.
AssetCool
AssetCool builds advanced robotics and coatings to upgrade power grid capacity.
Authenticate Information Systems
Technology platform transforming supply chain management and compliance for food businesses.
Avail Technologies
Digital platform connecting hauliers with short term HGV drivers.
Axis Spine Technologies
Axis Spine Technologies develops the next generation of modular anterior spinal implant technology.
Ben
Ben offers a flexible employee benefits platform designed to modernise workplace perks.
Bimsense
Bimsense develops software that helps building owners comply with safety regulations.
BlackCurve
BlackCurve provides pricing optimisation software for ecommerce businesses.
Braintrain
Braintrain develops personalised health devices and sleep aid technologies.
Broker Insights
Digital platform transforming the commercial insurance market.
Bubo.AI
Artificial intelligence pricing platform for commercial enterprises.
Camena Bioscience
Camena Bioscience develops enzyme-based DNA synthesis technology for the life sciences sector.
CanSense
CanSense develops an early-stage blood test for bowel cancer using laser spectroscopy and artificial intelligence.
Candid Hospitality
Candid Hospitality operates a recruitment matchmaking platform for the hospitality sector.
Centuro Global
Centuro Global provides an AI platform for managing international business expansion and compliance.
CitizenMe
CitizenMe provides an ethical platform for consumer data exchange as an alternative to ad tracking.
Clarilis
Clarilis offers advanced legal drafting automation technology for law firms and corporate legal teams.
ClinSpec Diagnostics
ClinSpec Diagnostics develops rapid liquid biopsies for early cancer detection.
ClinSpec Dx
ClinSpec Dx develops blood test technology for the early detection of cancer.
Cloud8
Cloud8 provides a digital employee benefits platform for consultancies and advisers.
CorrosionRADAR
CorrosionRADAR provides smart monitoring systems to detect and predict industrial corrosion.
CultureAI
CultureAI provides a human risk management platform to detect and fix workforce cyber security threats.
Cyan Forensics
Cyan Forensics builds digital triage technology that helps law enforcement and technology platforms detect and block harmful content.
CyberHive
CyberHive builds advanced cybersecurity platforms to block attacks and detect network breaches.
CyberOwl
CyberOwl provides early warning cybersecurity platforms for connected industrial systems.
Digital Converters
Digital Converters transforms outdated media formats into secure digital archives.
Distil
Distil provides a customer data platform that helps ecommerce businesses understand buyer behaviour and boost sales.
Earth Rover
Earth Rover creates agri-robotics technology to help farmers improve crop yields.
Enate
Enate provides a software platform for managing hybrid workforces and orchestrating business processes.
Envoke
Envoke builds virtual simulation and remote support software for laboratory equipment.
Eventum Orthopaedics
Eventum Orthopaedics develops sensor technology to improve knee replacement surgery.
Flabba
Flabba provides advanced remote working and collaboration software for enterprises and public sector organisations.
Flok Health
Flok Health provides an artificial intelligence physiotherapy clinic that operates autonomously.
FourJaw Manufacturing Analytics
FourJaw provides machine monitoring technology that helps manufacturers track productivity and energy use.
GeckoLabs
GeckoLabs provides engagement and recruitment software for universities.
Go Swag
Go Swag provides an automated platform for corporate gifting and global fulfillment.
Graide
Graide offers an AI-powered assessment platform that helps educators mark student assignments.
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Grid Edge
Artificial intelligence software for commercial building energy management.
HR DataHub
HR DataHub operates a data benchmarking platform that helps organisations inform their employment policies.
Heidi
Online ski operator offering flexible holiday packages.
Hero Wellbeing
Hero Wellbeing provides a digital health platform to help organisations manage employee wellbeing.
HowNow
HowNow operates an artificial intelligence driven learning and skills platform for workplace development.
Huler
Huler operates an employee experience software platform for corporate clients.
Humley
Humley develops conversational assistants designed to man helpdesks and handle enquiries.
IN-PART
A digital platform connecting university research with industrial partners to accelerate commercialisation.
ImmuONE
ImmuONE develops human lung tissue models to replace animal testing in drug safety evaluations.
Invizius
Invizius develops treatments to prevent life threatening inflammation during dialysis.
Iventis
Iventis provides collaborative planning software for large-scale events.
Kaido
Kaido provides a digital employee engagement platform that connects hybrid teams.
Kuano
Kuano combines quantum mechanics and AI to design targeted enzyme inhibitors.
Lab Thread
Lab Thread builds software for laboratory data management.
Laverock Therapeutics
Laverock Therapeutics develops a gene silencing platform for programmable advanced therapies.
Little Journey
Little Journey provides a virtual reality app that helps children manage anxiety before hospital procedures.
LiveLead
LiveLead operates an online platform that sources business tenders and planning applications for contractors and agencies.
Living Map
Living Map provides indoor digital navigation software for complex venues and transport hubs.
Log my Care
Digital platform helping social care providers transition from paper records.
Logically
Logically uses advanced artificial intelligence to tackle online mis- and disinformation at scale.
Luminous Group
Luminous Group provides immersive extended reality training software for industry.
Luminous XR
Extended reality software platform enabling immersive training simulations for industrial sectors.
MIP Discovery
MIP Discovery develops synthetic affinity reagents for cell and gene therapies.
Melius Cyber
Melius Cyber offers an automated platform for small and medium-sized businesses to detect cyber risks.
Melius Cyber Consultancy
An automated cybersecurity platform that helps smaller businesses detect IT vulnerabilities.
Melius CyberSafe
Melius CyberSafe offers automated cybersecurity monitoring and penetration testing for small and medium enterprises.
Mindset AI
Mindset AI provides an embedded platform that enables software companies to integrate custom AI agents into their products.
Mindtech Global
Mindtech Global builds synthetic data platforms to train artificial intelligence vision systems.
Mo
Mo provides an employee engagement platform that helps organisations build stronger workplace cultures.
Mobile GIS Services
Geospatial software developer mapping critical utility infrastructure.
Moodbeam
Moodbeam produces wearable devices designed to track and monitor emotional wellbeing.
Moonshot
Moonshot builds technologies and methodologies to detect and combat online harms.
Netacea
Cybersecurity specialist protecting businesses against advanced bot attacks and online fraud.
Neupulse
Neupulse develops a non-drug wristband therapy to help manage Tourette syndrome.
Newcells Biotech
Newcells Biotech develops advanced in vitro cell models to reduce reliance on animal testing.
Notify Technology
Notify Technology provides digital safety, health, environmental and quality management software.
NuVision
NuVision manufactures biological treatments and bandage contact lenses to accelerate ocular healing.
Nutshell Software
Nutshell Software provides a platform for businesses to build mobile apps without coding.
OXGENE
OXGENE develops advanced mammalian cell engineering platforms for the life sciences sector.
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OneUp Sales
OneUp Sales builds gaming technology to manage and motivate sales teams.
Optellum
Optellum develops artificial intelligence software to diagnose early-stage lung cancer.
Oxford Genetics
Oxford Genetics develops advanced technologies for drug and gene therapy.
Pharmaseal
Software platform streamlining clinical trial management for pharmaceutical firms.
Pimberly
Pimberly provides product information and digital asset management software for e-commerce businesses.
Pivigo
Pivigo develops machine learning software for the social housing sector.
Plexus Innovation
Plexus Innovation provides remote environmental monitoring technology for compliance and asset management.
PropMedia
Digital platform streamlining the property rental process for landlords and tenants.
Purple Transform
Purple Transform develops artificial intelligence software that analyses camera and sensor feeds to prevent accidents on railway lines.
Purple Transformation Group
Purple Transformation Group develops artificial intelligence software to automate safety and security monitoring for critical infrastructure.
Rent Chief
Rent Chief develops a digital property management platform for landlords and investors.
Risk Ledger
Risk Ledger provides a collaborative platform for supply chain security and risk management.
RoleMapper
RoleMapper provides a job design and structuring platform that improves diversity and skills-based hiring for large organisations.
SCI Semiconductor
SCI Semiconductor develops memory safe computer chips to eliminate critical cyber security vulnerabilities.
SERG Technologies
SERG Technologies builds wearable devices and software platforms for continuous monitoring of Parkinson's disease.
Salesfire
Salesfire provides an e-commerce platform that helps online retailers increase sales through behavioural tracking and personalisation.
Scalpel AI
Scalpel AI develops computer vision technology to track surgical instruments and streamline hospital logistics.
Semble
Semble operates a unified software platform for private outpatient healthcare providers.
Sen
Sen streams live ultra high-definition video of Earth from space.
Send Technology Solutions
Send Technology Solutions provides an underwriting workbench platform for commercial and specialty insurers.
Shield Space
Autonomous artificial intelligence systems for satellite protection against space threats.
Shopblocks
Shopblocks provides a flexible website and online shop solution for small businesses.
Sitehop
Sitehop develops hardware-enforced encryption technology to protect networks against quantum threats.
Slingshot Simulations
Digital twin and decision intelligence software provider.
SnapDragon Monitoring
SnapDragon Monitoring provides digital brand protection tools to identify and remove counterfeit goods.
Soccer Manager
Soccer Manager develops online football management games for a global audience.
Social Value Portal
A digital platform for measuring and monitoring social impact and community value.
Solutionpath
Solutionpath provides engagement analytics software for higher education institutions.
StaffCircle
StaffCircle provides a digital platform for managing remote employee performance and engagement.
Stormburst Studios
Stormburst Studios creates video game software to motivate sales teams.
StudentCrowd
StudentCrowd operates a student accommodation data and insights platform for the property sector.
Surff
Surff operates as an infrastructure layer for decision data.
Symphony Commerce
Digital commerce platform provider for business to business enterprises.
Synthesized
Synthesized automates test data and infrastructure for enterprise software quality assurance.
TaiSan
Solid-state sodium-ion battery developer for electric mobility.
TalentMapper
TalentMapper provides a skills identification and workforce development platform for large organisations.
Talion Cyber Security
Talion Cyber Security provides managed security services for mid-market organisations.
Tessaract
Tessaract provides a cloud platform that unifies operations for law firms.
Thalia Design Automation
Thalia Design Automation develops software that enables semiconductor businesses to reuse existing chip designs.
Transaction Technologies
Transaction Technologies develops a dedicated payment system for the games industry.
Trench Networks
Trench Networks provides high-speed internet connectivity to construction sites and locations lacking standard infrastructure.
Tribosonics
Tribosonics develops smart sensing solutions to monitor and improve industrial machinery performance.
Troo
Troo provides a business energy comparison service to help companies reduce their utility bills.
True Position Robotics
True Position Robotics develops automated assembly systems for aircraft manufacturing.
Turbine
Turbine builds cell simulation software to predict cancer treatment outcomes.
Tutorful
Tutorful runs an online education platform connecting students with private tutors.
Uniphy
Uniphy provides surface control technology that replaces touchscreens with safer interfaces.
Warwick Acoustics
Warwick Acoustics builds electrostatic loudspeaker technology for automotive audio systems.
Wobble Genomics
Wobble Genomics develops a novel approach to RNA sequencing for biotechnology applications.
WorkBuzz
WorkBuzz provides an employee engagement and insights platform for human resources leaders.
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.
equiwatt
Equiwatt develops energy management software that incentivises consumers to reduce peak power consumption.
incuto
Digital banking platform provider for credit unions and community banks.
Brijesh Roy
Investment Manager
Brijesh brings university venturing and investment experience from roles at Imperial College London, Mercia, and Oxford University Innovation. He also advises Parkwalk's investment committee.
LinkedInAshish Patel
Ash Patel
Investment Manager
Ash brings investment banking, venture capital, and clinical technology experience. He previously served as managing director at Deutsche Numis and principal at Optum Ventures.
Mark Payton
Chief Executive Officer
Mark serves as chief executive officer at Mercia. His earlier career includes corporate development and technology transfer roles at Oxxon Therapeutics and Oxford University Innovation.
LinkedInDavid Baker
Investment Manager
David brings investment and corporate finance experience from roles at Mercia Asset Management and Blue Sky Corporate Finance. He previously worked as a business manager at HSBC.
LinkedIn
Katy Horrocks
Marketing Director
Katy brings private equity and venture capital marketing experience from roles at Mercia, August Equity, and NVM Private Equity. She also provides fractional and consulting services to SMEs and enterprises.
LinkedInGraham Davies
Investment Director
Marcus Henderson
Investment Director
Marcus brings investment management and corporate finance experience from roles at Mercia, Par Equity, and Deloitte UK.
James Allsopp
Investment Manager
James brings financial and venture capital experience from roles at Mercia Asset Management, UNW, and Ernst & Young. He currently serves as chief financial officer at ITC Service following a similar role at Leader Online.
LinkedIn
Simon Crabtree
Investment Manager
Simon serves as Technical Director at SEQENS Custom Specialties, following an investment management role at Mercia Asset Management and technical leadership positions at Johnson Matthey.
LinkedInJan Oosthuizen
Jan works as an investment manager at Mercia and holds non-executive directorships across several portfolio companies.
LinkedInAlex Wilson
Alison Dwyer
Head of Marketing & Communications
Alison brings marketing and communications experience from roles at Mercia Asset Management and Volcanic.
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Will Schaffer
Investment Director
Will serves as an investment director at Mercia Asset Management and holds several non-executive and board observer roles across portfolio companies.
LinkedInAshwin Kumaraswarmy
Investment Manager
Sandy Reid
Deputy Fund Principal
Sandy brings venture capital and investment experience from roles at Mercia Ventures and Mercia Asset Management. Previous executive experience includes serving as chief executive officer at Promethean Particles and spin-out manager at the University of Leicester.
LinkedInAdrian Ballam
Legal Advisor
Stephen Windsor
Investment Director
Stephen brings venture capital and banking experience, currently serving as a fund principal at Mercia. He previously held investment roles at Housing Growth Partnership and Lloyds Banking Group.
LinkedInMaurice Disai
Investment Associate
Jason Warren
Investment Director
Jason brings technical and investment experience from roles at Rokos Capital Management, Mercia, and Morgan Stanley. He previously served as CTO at Primer.
LinkedIn
Tom Kitchen
Tom is an investment director at Horizon Capital and holds non-executive roles at Threatscape, Adeptio Law Group, and Alchemist Learning and Development. He previously spent time at Mercia.
LinkedInMegan Noble
Megan brings investment and deal origination experience from roles at Mercia and Addleshaw Goddard. She previously managed inward investment sectors for the West Yorkshire Combined Authority.
Chris Pestell
Chris brings investment and banking experience, having previously served as an Investment Director at Mercia Asset Management and held roles at Barclays Bank, AIB Capital Markets, Yorkshire Bank, and F W Capital. He is currently semi-retired.
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David Wright
David brings investment management experience from Mercia, alongside a background in commercial lending and banking with Yorkshire Bank.
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Will Clark
Managing Director
Will brings venture capital experience from roles at Mercia and 3i Group plc.
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Peter Dines
COO
Peter brings operating and investment experience, having previously served as Chief Operating Officer and Managing Director at Mercia Ventures. He currently chairs C7 Ventures and the Clive Richards Foundation.
LinkedInTim Levett
Investment Chairman
Alistair Hammerton
Pauline Rawsterne
PR Agent
Kiran Mehta
Investment Manager
Kiran brings venture capital and advisory experience from roles at Mercia Asset Management and Catenae Advisory. Earlier, tenure at Housing Growth Partnership and Lloyds Banking Group added further investment and commercial background.
LinkedInThea Tebble
Thea brings investment and strategy experience from roles at Mercia Asset Management and CPI. She previously worked in equity research at Singer Capital Markets.
LinkedInJulian Viggars
CIO
Hugo Lough
Investment Director
Hugo brings investment and corporate finance experience from roles at HGP, Mercia Ventures, and finnCap. He previously worked as a finance business partner at Lloyds Banking Group.
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Connie Smith
Connie brings investment experience from roles at LDC, YFM Equity Partners, and Mercia Asset Management.
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Rob Bennett
asset manager
Rob brings investment and asset management experience from roles at the British Business Bank, Mercia Asset Management, and Rickitt Mitchell.
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Ian Wilson
Fund Principal
Ian brings investment and advisory experience from roles at Mercia and IP Group. He previously worked in mergers and acquisitions at EY.
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Alex Simpson
Investment Manager
Alex brings corporate finance and investment management experience from roles at Mercia Asset Management and Ryecroft Glenton. He serves as finance manager at Siemens Energy.
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Srikar Karri
Investment Manager
Srikar brings investment management experience from roles at YFM Equity Partners and Mercia. He previously held board positions at several companies, including Mindset AI and Electron.
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Alex Gwyther
Alex works as an investor at Mercia Ventures, focusing on Series A funding rounds. He also serves as a non-executive director across portfolio companies following earlier client management experience at IBM.
LinkedInLee Lindley
Lee brings life sciences and deep tech venture investment experience from Mercia Ventures, alongside non-executive director roles across several portfolio companies.
LinkedInDan Thomas
Keith Jones
Seed Investor
Rod Hyde
Mentor and Chair
Martijn Kleibergen
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Adam Watts
Investment Manager
Adam serves as an investment manager at Mercia Asset Management and holds board observer and non-executive roles across several companies.
LinkedInAshwin Kumaraswarmy
Chris McCourt
Chris brings investment experience from Mercia Asset Management and corporate finance background from roles at Armstrong Watson and Tait Walker. He also serves as an independent governor at NCG.
LinkedInChris Borrett
Chris is an Investment Director at Mercia Ventures, focusing on seed and Series A investments. He previously co-founded Flip Insurance and holds board observer roles across several portfolio companies.
LinkedInRobert Hornby
Representative
Robert invests at Mercia Asset Management and holds non-executive roles across several portfolio companies.
LinkedInRob Hornby
Rob invests at Mercia Asset Management and serves as a non-executive director across several portfolio companies. He brings early-stage and scale-up investment experience in the UK.
Hannah Tapsell Chapman
Hannah works as an investor at Mercia Asset Management and holds several non-executive directorships. She previously partnered on venture building and access to finance at the UK Ministry of Defence.
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Henry Hamilton
Henry brings investment and board observation experience from roles at Mercia and Sustainable Ventures.
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Ruth Coleman
Ruth is a venture capital investor at Mercia Asset Management and holds board seats at several companies, including Laverock Therapeutics and Tagomics. She previously served as an investment associate at Mercia and on the board of Locate Bio.
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Howard Mitchell
Howard serves as an investment director at Mercia Asset Management and holds non-executive directorships across multiple companies, including Sensat and Warehow.
LinkedIn
Natalia Blagburn
Natalia brings extensive venture capital and portfolio management experience from roles at Scottish Enterprise, Mercia Asset Management, and the British Business Bank. Her background also includes directing entrepreneurship programmes at Northumbria University.
LinkedInVictoria Wiesener
Victoria is a portfolio director at Mercia. She also holds board and observer roles across several companies, including Tutorful, Clarilis, and Optellum.
LinkedInDawn Tyler
Investment Director
Dawn brings investment experience from roles at Mercia Asset Management, Begbies Traynor Group, and Ernst & Young.
LinkedInMarina Fuentes
Investor
Marina invests at Mercia Asset Management and holds several non-executive directorships. She is also a qualified integrative therapist.
LinkedInJonathan Kruger
Investor
Jonathan is a venture capital investor at Mercia Asset Management and cofounder of The Drop. He also holds board and observer roles at companies including Ben, Tutorful, and Pure Pet Food.
LinkedInAmrit Sami
Amrit is an investor at Mercia Asset Management and serves as a non-executive director across several companies. He also co-hosts What's the Problem?
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Shubham Jaipuria
Investment Manager
Shubham is an investment manager at Mercia, following roles as an investment associate there and at Aavishkaar Capital. He previously worked as an analyst at Sifted and as a consultant for Bessemer Venture Partners and AllFocal Optics.
LinkedInHannah Tapsell
Hannah Tapsell
Eos Advisory and Mercia Ventures led the round, which will fund pilot tests and relocation to a new Coventry facility.
"While we’ve kept our most exciting breakthroughs in stealth, this funding will help us enhance the performance of sodium-ion batteries and bring the benefits to a mainstream audience. Watch this space"
The London-based health technology provider has raised £30m led by Revaia to expand its infrastructure across Europe.
"For years, the industry has tried to address complex systemic issues through disconnected point solutions, but fragmented technology often adds operational complexity for healthcare providers and creates an interrupted experience for patients. What healthcare organisations need is intelligent orchestration across the entire care journey. The practices and groups that win over the next decade will be the ones that deliver the best patient experience end-to-end."
Albion VC led the Series A round to support nationwide clinic expansion and international growth.
"The healthcare supply-demand gap remains a major challenge, with over 390,000 people waiting for treatable MSK care in England alone. Finn, Ric and the team have proven that autonomous care pathways can deliver strong outcomes at scale. They’ve earned NHS trust, navigated complex regulations, and built a service that improves access to care. Having proven the model in MSK, we believe the opportunity ahead is far larger,"
The funding round was led by Mercia Ventures with participation from Techstart Ventures and angel investors.
"Corporate gifting is a trillion-dollar industry that spent decades normalising mediocrity because no one built a competitively viable alternative. We started Go Swag with less than £200 and the belief that every gift a company puts its name on either strengthens the brand or quietly undermines it. This funding allows us to take this conviction global, beginning with a major US market expansion. The catalogue is dead and we’re replacing it with smart AI-assisted curation and a better gifting process to match."
The funding comes from Mercia Ventures to back the launch of the North East technology platform.
"For two decades, the digital economy has been built on data that consumers generate but never benefit from. Surff exists to change that. We’re building the infrastructure layer for decision data – the missing signal that brands have lost as cookies disappear and agentic commerce replaces the buying journey. Consumers get to own and earn from the data they create. Brands get a clearer picture of how decisions actually happen. I’m especially proud to be building this in the North East, where the talent and ambition are world-class."
