£300K
The pre-series a round was backed by the North East Venture Fund and private investors.
"We are delighted at the continued support from Mercia and the North East Fund."
Mercia
Venture CapitalMercia Ventures manages regional investment vehicles including the Northern Powerhouse Investment Fund II.
Recent investments
£2.8M
The funding round was led by Mercia to support pre-clinical testing and manufacturing as the company prepares for clinical trials.
"Our goal is to bring much-needed improvement to the lives of three million dialysis patients. This investment allows us to take a big step towards this, and we are delighted to have won the backing of a consortium of smart, well-funded investors."
£250K
The seed round was provided by NPIF - Mercia Equity Finance to fund platform development and team expansion.
"We help organisations of all sizes, from sole traders to busineses with multi-million turnover to identify genuine live opportunities, rather than those which have already been awarded to other parties. The funding will allow us to scale up the business and expand our support team which is key to our customer-led approach."
£500K
The funding round was led by Mercia to support product development and team expansion.
"There are over 400,000 substations in the UK and most are still accessed via old-fashioned keys which are easily lost, stolen or not returned. CentraLock offers a step change in security for the utilities industry. Not only does it help prevent unauthorized access, but it also helps safeguard maintenance staff who often work alone on sites in remote locations. We believe there could be a huge potential market worldwide."
£1.8M
The funding round was led by Mercia to support team growth and international expansion.
"We’ve seen a real upsurge in interest from both existing users and from HEIs we don’t yet work with"