£450K
The Hull-based healthtech start-up secured the backing from Mercia via the Northern Powerhouse Investment Fund.
Mercia Ventures manages regional investment vehicles including the Northern Powerhouse Investment Fund II.
The Hull-based healthtech start-up secured the backing from Mercia via the Northern Powerhouse Investment Fund.
The seed round was led by Mercia with participation from angel investor Owen McFarlane.
"I have a big passion for renewable and clean energy, and having grown up experiencing regular blackouts through the collective peak time usage of energy, I wanted to do something about it. I wanted to create a cleaner way of using energy for everyone, which is also more affordable, and build a community to be able to achieve that,"
The Sheffield-based smart sensors business secured backing from NPIF to scale its operations and product development.
"We are delighted to receive the backing of Mercia and NPIF. Mercia has a great track record in backing innovative tech companies. We are a proud Sheffield business, flying the flag for Northern innovation, cutting edge engineering, and transformational IOT solutions."
The funding round was led by Mercia EIS Funds alongside several institutional backers.
The funding round was led by Mercia and will support the firm in progressing its multi-cancer diagnostic programmes.
"Worldwide, 26,000 people die from cancer each day. Early detection is critical for effective treatment, but many cancers go undetected for too long. This funding is another significant step forward for ClinSpec Dx in our mission to detect cancer earlier and help to increase patient survival and quality of life."