Operated by the British Business Bank, the £400m Midlands Engine Investment Fund II provides debt and equity financing for smaller businesses across the Midlands region.
Portfolio
6
companies
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Grid Edge
Artificial intelligence software for commercial building energy management.
Neupulse
Neupulse develops a non-drug wristband therapy to help manage Tourette syndrome.
StudentCrowd
StudentCrowd operates a student accommodation data and insights platform for the property sector.
TSC Simulation
TSC Simulation develops high-fidelity operator training simulators for industrial sectors.
TaiSan
Solid-state sodium-ion battery developer for electric mobility.
Warehow
E-commerce fulfilment provider supporting fashion and homeware retailers.
Eos Advisory and Mercia Ventures led the round, which will fund pilot tests and relocation to a new Coventry facility.
"While we’ve kept our most exciting breakthroughs in stealth, this funding will help us enhance the performance of sodium-ion batteries and bring the benefits to a mainstream audience. Watch this space"
The Series A round was led by YFM Equity Partners with participation from Mercia Ventures.
"Our mission has always been to bring transparency to the student accommodation market – both for the students and for the sector. On the student side, we want every student to be able to choose where they study and live with confidence, powered by authentic, verified reviews from people with real experience. On the industry side, we have built a dataset that gives operators, investors and advisers the independent, accurate data they need to make optimal decisions. This funding enables us to invest in the platform to better support decision-making for the students and the sector. While researching mainland Europe and the US, we discovered similar challenges and are working with launch partners to expand the platform into these geographies. In the UK, we are further innovating the platform to enhance data-driven decision-making."
The funding was led by Maven Capital Partners to support product development and team expansion.
"The funding from the British Business Bank and the Midlands Engine Investment Fund II will enable TSC to continue its growth journey, and transition its simulation portfolio to support the sustainable and low carbon energy sector. Thanks to Maven for supporting us professionally and efficiently throughout the application process."
The funding round was led by Mercia Ventures and will support team expansion and platform development.
"Our mission is to simplify the complex world of energy and building management systems, empowering building operators to reduce carbon emissions and save money. Our focus on tangible results has led to a huge increase in demand from businesses to join the Grid Edge community. This funding will enable us to welcome more businesses on board, accelerating our growth and extending our reach and impact."
The investment round was led by the Midlands Engine Investment Fund II to support technology development and capacity expansion.
"This funding is a significant milestone for Warehow. It will enable us to accelerate our growth trajectory and execute our business plan more effectively. We’re excited about the opportunities and challenges ahead as we continue to scale."
