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Mercia

Mercia

Venture Capital

Mercia Ventures manages regional investment vehicles including the Northern Powerhouse Investment Fund II.


Recent investments

Seed
£2.0M

The funding round was led by Mercia Ventures to support the development of satellite protection technology and the company relocation to Lincoln.

"Much of modern life depends on space – our adversaries understand this and deliberately exploit uncertainty and delay."
— Graeme Ritchie, CEO
Series A
£4.6M

The funding round was led by Mercia Ventures to support the company expansion and product development.

"Law firms are evolving, and technology must evolve with them. Tessaract is built to remove the operational burden — enabling legal teams to work seamlessly across data, finance, and client delivery. With Mercia Ventures’ backing, we’re scaling that capability to more firms across the UK."
— Cherilyn Tan, Founder and CEO
Growth
£7.5M

The funding round was led by Northern Gritstone with participation from Amadeus Capital Partners, Manta Ray, Mercia Ventures and NPIF, Mercia Equity Finance.

"Sitehop is proving the critical need for future-proof encryption, demonstrated by our early customer traction globally. As a Sheffield-founded company, this investment from Northern Gritstone supports our mission to grow and scale in the region and build world-leading sovereign encryption capability right here in the UK – meaning we can accelerate international expansion while keeping the UK at the forefront of world-class cybersecurity innovation."
— Melissa Chambers, CEO