An investment firm managing various funds including the Midlands Engine Investment Fund and EIS funds.
The Leeds-based tech company secured the capital from NPIF - Mercia Equity Finance and angels to develop new platform features.
"Remote working is here to stay and we are very excited to be driving innovation to make collaboration easier and more effective for everyone. The funding will allow us to add new features, drive uptake across different sectors and establish the Neugo platform as the leader in the field."
Breega and Mercia backed the InsurTech firm to accelerate growth in the UK and US markets.
"Send has the most advanced underwriting workbench on the market and a proven track record of improving underwriting processes. The funding will enable us to build on our first-mover advantage, scale up the business and establish Send as the market-leading underwriting software platform."
The funding round was led by Mercia alongside a private investor to support product development and hiring.
"Salesfire aims to replicate the in-store experience, where sales assistants and effective signage help customers to find the right products and maximise sales. In the current challenging retail environment, it is even more important that online stores make the most of their marketing spend. The investment from Mercia and NPIF will enable us to develop exciting new features to make the platform even more powerful."
The funding round was led by Mercia alongside Oxford Capital and angel investors to support product enhancement and international growth.
"While many care providers are still using paper, there is growing pressure from regulators and government for them to go digital. Log my Care provides an easy-to-use solution that covers all the bases and is affordable even for smaller providers. The company has been expanding rapidly and this new funding will further boost its growth. We’re looking forward to supporting Sam, Adam and the team as they help improve social care across the UK and beyond."
Mercia backed the follow-on funding round as Enate appointed James Hall as its new chief executive officer.
"I am delighted that Mercia is delivering on their promise of being a long-term value-add partner to us. Mercia sees the successes clients such as TMF, CapGemini and LBG have with our technology. As a result, Enate is becoming ‘the’ platform for clients embarking on digital transformation and intelligent automation at scale and in their operations."
