Mercia Ventures manages regional investment vehicles including the Northern Powerhouse Investment Fund II.
The funding was led by NPIF - Mercia Equity Finance alongside EIS funds and private backers to support product development and customer expansion.
"The £1.8m investment is a significant boost for FourJaw, which underscores the growing importance of IoT technology in optimising manufacturing processes."
The third investment from Mercia Ventures and the North East Venture Fund will support four new hires and user acquisition.
"This latest round of funding will further assist with our scale up plans to secure more users of the app, through direct and partnership sign ups. It will also help us continue to enhance our technology platform to support the creation of a network of connected users to form a virtual power plant. This will help the National Grid to make the most of households ever growing smart meter network and accelerate the transition to a sustainable and secure energy network."
The funding round was backed by Mercia Ventures and its EIS funds via the Midlands Engine Investment Fund.
"Planning high-profile events is extremely complex with a host of different factors to consider – from designing and building the infrastructure and planning schedules to managing crowd control, transport and security. However the industry still relies heavily on spreadsheets, drawings and data in different formats. With Iventis we have already shown how technology can transform large-scale event planning. We will now be bringing our innovations and technology to a wider audience."
The investment round was led by Mercia Ventures with participation from Deepbridge Capital and Guillaume d'Eyssautier.
"With the increasing demand from semiconductor businesses for 'second-sourcing' to unlock new markets and address evolving requirements, Thalia stands as the ideal strategic partner. Our AMALIA platform provides a proven solution that enables them to, for example, quickly and efficiently migrate existing designs into the sub-20 nanometre range to align with industry demand for better performance and power consumption."
The Exeter-based ecommerce intelligence platform has raised £1.1m in a round led by Mercia Ventures alongside angel backing.
"At Distil, we are passionate about the power of data. It is the lifeblood of any business, shaping the landscape of industries around us. However, to truly harness its potential and transform it into a strategic asset, the way we approach and manage data must evolve. This is the driving force behind Distil.ai. Our mission is simple – if you want your data to guide your strategy, empower your marketing, and boost your profits, it’s time to start ‘Distiling’ it. We’ve filled Distil with powerful algorithms to provide a clear view of your business’s performance. With the support of our partners in this funding round, we’re set to accelerate the shift towards a more insightful and efficient future."
