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Mercia

Mercia

Venture Capital

An investment firm managing various funds including the Midlands Engine Investment Fund and EIS funds.


Recent investments

Seed
£1.8M

The funding round was led by Mercia with participation from the Future Fund, Ascension Ventures, and Northstar Ventures.

"We’ve been extremely busy supporting our credit union partners during Covid-19. The lockdown not only escalated the need for credit unions to offer their members digital access, but also to communicate with them more regularly and effectively, something our technology also enables them to do. Credit unions have been at the forefront of supporting financially excluded and often vulnerable individuals and families over recent months, so we are delighted to offer them technology which not only better supports existing members in a digital world, but also enables them to promote their message of ethical, supportive banking to a wider audience."
— Andrew Rabbitt, CEO
Series A
£3.0M

The investment was led by Calculus Capital with continued backing from Mercia Fund Management.

"We are delighted to complete a further funding round with investors who share our vision. It provides a really meaningful opportunity to capitalise on the growth opportunities emerging as the world of work continues to see accelerated change."
— Luke Fisher, CEO
Seed
£400K

The Lincolnshire technology firm raised the capital to support team expansion and meet rising demand for its remote event planning software.

"I’m delighted to see Iventis make huge leaps forward in its growth. The company is recruiting talent from within the events industry, which has suffered immensely during the pandemic. We already have high-profile early adopters of the Iventis software, many of which are relying on its capabilities to reschedule and redesign their events."
— Keith Greetham, Non-Executive Chairman
Seed
£450K

The investment round was led by Mercia with participation from Triple Point Ventures and private backers.

"3D animation has traditionally been reserved for big budget TV commercials and is prohibitively expensive for digital channels. Our mission is to make 3D visual effects more accessible and affordable, empowering companies to generate their own 3D animation in-house, at speed and at scale."
— Ben Cyzer, Co-founder
Seed
£950K

The Leicester software developer raised follow-on capital from regional funds and government backing to expand its team and global reach.

"Financial services are one of our key industries here in Leicester and Leicestershire, so I’m very pleased that the MEIF was able to support a business that is taking an innovative approach to helping businesses manage profitability. The LLEP is committed to supporting our businesses through COVID-19, so it’s great to see such a streamlined solution to rebates that will be of great benefit to the wider business community."
— Kevin Harris, Chair of the Leicester and Leicestershire Enterprise Partnership Board of Directors