The recruitment platform has raised funding managed by Mercia to support its expansion into the US market.
"Remote working means developers are no longer limited to one location. Haystack offers a ‘safe space’ where our community can research the different opportunities without being bombarded by calls from recruiters. Feedback from our multinational clients shows there is an opportunity to offer the same service in other countries. This new investment will enable us to target the US initially with a view to moving into Europe at a later stage."
The North East Venture Fund backed the Gateshead-based employee wellbeing platform to fund product development and hiring.
"We’re delighted to have raised this capital injection which will act as a catalyst to scaling our business. Our scientific approach to workplace wellbeing, combined with pioneering AI technology, ensures our clients receive evidence-based feedback and insight that really drives efficiencies and optimises employee health. We’re looking forward to reaching more clients across the globe as we develop our proposition and are excited to have the support of Mercia on our journey!"
The ethical data pioneer raised £1.5m from backers including Mercia and 1818 Capital to expand globally.
"CitizenMe enables people and brands to co-create better digital products and services. We are delighted that Mercia and 1818 share our belief in a sustainable digital future and our lead in the new Zero Data category."
The Northumberland connectivity provider has secured its fourth injection of capital from the North East Venture Fund, managed by Mercia.
"Trench Networks has made great progress since our first investment two years ago. Its award-winning technology and rapid deployment times have enabled it to build a strong track record in the construction industry. As businesses of all types become increasingly dependent on internet connections, this latest funding will allow it to take advantage of opportunities in other sectors."
The funding round was backed by the North East Venture Fund and Ingenious.
"The latest government announcement is another big step forward on the 'road to net zero'. However despite the growing popularity of EVs with consumers and fleet users, a lack of charging points continues to deter many from making the switch. This funding will allow us to step up our activity to help build the all-important infrastructure. We hope to make Elmtronics a key player in the roll-out."
The Newcastle technology start-up secured backing from Mercia and the North East Venture Fund to expand its team and product.
"Sales is no longer about the 'gift of the gab'. It is a repeatable and structured process and technology can help to achieve results faster. Allegrow allows companies to increase sales dramatically by eliminating repetitive processes, allowing sales people to spend more of their time having conversations with prospects and turning cold leads into customers."
The seed round was led by the North East Venture Fund and investor Jenny Campbell to support regional deployment and hiring.
"I’d struggled to find the right investors and was ready to give up on the idea, but Mercia showed strong support and then the opportunity to go on Dragons’ Den came up. The reaction from the programme has been brilliant and demonstrated that there was a real appetite for the solution across the UK. With the backing of Mercia and Jenny Campbell, I am now ready to start deploying into live locations over the coming months."
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."
