Mercia Ventures manages regional investment vehicles including the Northern Powerhouse Investment Fund II.
The seed investment from Mercia and private backers will fund product finalisation and commercial launch.
"I have spent my working life involved in developing products to improve total knee surgery. It is exciting to be part of a small med tech start up with a big vision to deliver accessible innovation to improve patient outcome for total knee patients across the globe."
The seed follow-on round was co-led by 24Haymarket and Mercia to expand market reach.
"Our technology provided the perfect way to facilitate secure home-working for key organisations at a critical time using our ‘Gatekeeper for Office 365’ remote working solution. Since then, we have applied the same concepts and technology to protect numerous other applications for large organisations, from remote working solutions to securing cloud computing and handling highly sensitive information."
The haulage recruitment specialist has raised £300k from Mercia and chairman Keverne Watt to fund expansion.
"The pandemic has had a major impact on supply chains and the haulage industry. By improving efficiency and enabling them to recruit drivers remotely, our platform has helped firms to keep going in these uncertain times. With continued pressure on costs, it is all the more important for operators to minimise unnecessary expenses like recruitment fees to enable them to maintain profits and improve drivers’ wages."
Par Equity led the Series A round with participation from Mercia, Triplepoint, SIS Ventures, Scottish Enterprise and the MacLeod Family Trust.
"Our technology is already making a significant impact within counter terror and child sexual abuse investigations in the UK, and we're excited to build on this momentum in mainland Europe and the US. We've built a great network of partners to support our ambitious growth plans, and our team will double in size during each of the next two years to support this growth."
The follow on round was led by Mercia and will support ongoing growth and product development.
