£2.6M
AlbionVC led the Series A financing with participation from Mercia Technologies and angel investors.
MT
Mercia Technologies
Venture CapitalMercia Technologies is a private investment firm that backs scaling technology businesses.
Portfolio
4
companies
By category
- Enterprise Software£2.9M
- Uncategorised£2.6M
- AudioTech£2.2M
- Hardware£1.5M
By location
- United Kingdom£4.8M
- Manchester£2.9M
- Birmingham£1.5M
Portfolio companies
CR
Clear Review
Clear Review offers a cloud-based platform for continuous employee performance management.
I
Intechnica
Technology business offering consultancy and cyber security protection against automated threats.
SA
Smart Antenna Technologies
Smart Antenna Technologies designs single antenna systems for wireless devices.
WA
Warwick Audio
Warwick Audio manufactures lightweight electrostatic audio transducers for the automotive and consumer electronics sectors.
Team
Alistair Forbes
Alistair is the founding director and chief executive of the Scottish Tech Army, alongside investor and adviser roles with Par Equity. He brings entrepreneurial and executive experience from the technology sector, complemented by angel investing and business mentoring.
LinkedInRecent investments
£2.9M
The funding round was led by NPIF - Mercia Equity Finance to support the growth of the Netacea cyber security division.
"Following previous funding rounds from Mercia, Intechnica is now well-positioned for growth. This latest round will support further development of its consultancy work and the launch of its new DSaaS line of business, offering market-leading expertise in this emerging field."
£2.2M
The funding will support the development and commercialisation of the company's electrostatic audio technology for vehicles.
"Currently the automotive industry uses mainly magnetic coil technology within its in-car speakers. While simple and cost effective, they tend to take up lots of space and weight, which doesn’t fit with the power-consumption and carbon-emissions-conscious world we live in today,"
£1.5M
The funding round was led by Mercia Technologies with a £1.2m investment.
"We’re delighted to have been able to help this exciting business secure this vital funding. The global devices market is expanding and developing at such a fast pace and ground-breaking enhancements like that of Smart Antenna’s are instrumental in enabling the key players to keep ahead of their competitors in maintaining and growing their market shares. We’re also thrilled to play a part in enabling exciting ideas and innovation coming out of the Midlands region to have impact on an international scale."