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Northern Powerhouse Investment Fund

Northern Powerhouse Investment Fund

Government

The Northern Powerhouse Investment Fund provides commercial finance to businesses in the North of England.

Portfolio

24

companies

By category

  • Uncategorised£18.0M
  • SecurTech£11.0M
  • EnergyTech£10.0M
  • AR/VR£6.0M
  • Big Data£4.0M
  • Other£21.6M

By location

  • Washington£18.0M
  • Leeds£15.0M
  • London£10.5M
  • Sheffield£9.0M
  • Manchester£5.4M
  • Other£12.7M

Portfolio companies

AssetCool

AssetCool

AssetCool builds advanced robotics and coatings to upgrade power grid capacity.

AT

Avail Technologies

Digital platform connecting hauliers with short term HGV drivers.

B

Bubo.AI

Artificial intelligence pricing platform for commercial enterprises.

EO

Eventum Orthopaedics

Eventum Orthopaedics develops sensor technology to improve knee replacement surgery.

F

Flabba

Flabba provides advanced remote working and collaboration software for enterprises and public sector organisations.

Get Work

Get Work

Get Work provides an automated digital lead generation platform for tradespeople.

View all 24 companies
Little Journey

Little Journey

Little Journey provides a virtual reality app that helps children manage anxiety before hospital procedures.

Logically

Logically

Logically uses advanced artificial intelligence to tackle online mis- and disinformation at scale.

MG

Margin Guardian

Margin Guardian provides fashion retailers with consumer data insights and targeting services.

M

Membr

Cloud-based fitness software platform helping gym owners manage members and digital content.

M

MindTrace

MindTrace develops unsupervised artificial intelligence systems for autonomous vehicle collision avoidance.

MD

My Digital Accounts

My Digital Accounts provides cloud-based accounting and payroll software for accountants.

N

Netacea

Cybersecurity specialist protecting businesses against advanced bot attacks and online fraud.

NT

Node Technologies

Node Technologies supplies fibre optic broadband infrastructure for commercial office buildings.

RI

Relative Insight

Relative Insight operates a text analytics platform that helps businesses parse customer feedback and marketing data.

S

Salesfire

Salesfire provides an e-commerce platform that helps online retailers increase sales through behavioural tracking and personalisation.

Sitehop

Sitehop

Sitehop develops hardware-enforced encryption technology to protect networks against quantum threats.

SS

Slingshot Simulations

Digital twin and decision intelligence software provider.

SS

Smartgate Solutions

Smartgate Solutions builds cloud-based compliance and quality management software.

SM

Soccer Manager

Soccer Manager develops online football management games for a global audience.

Summize

Summize

Summize offers an artificial intelligence powered contract lifecycle management platform.

T

Tutorful

Tutorful runs an online education platform connecting students with private tutors.

e

eSalesHub

Yorkshire technology firm analysing big data using artificial intelligence to optimise marketing spend.

iC

iAM Compliant

iAM Compliant delivers digital learning courses and compliance software for schools and enterprises.


Team

GP

Grant Peggie

Director at the British Business Bank

SH

Sean Hutchinson

Senior Investment Manager

KS

Keira Shepperson

Director


Recent investments

Series A
£10.0M

The oversubscribed round was led by Energy Impact Partners with backing from several climate and technology investors.

"We are laser-focused on doing the hard yards to improve the physical layer of the grid, specifically overhead systems. The AssetCool team is innovating at the nexus between robotics and materials science to bring meaningful improvements to an aging network. We’ve developed a new range of coatings systematically optimised for overhead lines that makes the grid more efficient and resilient – not by rebuilding it, but by enhancing what already exists."
— Niall Coogan, CEO and co-founder
Series A
£6.0M

The Series A financing was led by Par Equity to support international expansion and product development.

"Securing this investment allows us to scale our impact across healthcare and life sciences, with a focus on easing the burden of paediatric clinical trials. While legislation like RACE, SPCs, and the ODA has increased study numbers, specialist paediatric knowledge is still lacking in the industry. This has led to lower recruitment, adherence and trial completion rates compared to adult research. Little Journey is uniquely positioned to fill this expertise gap and tackle these challenges to advance global paediatric medicine. With the backing of Par Equity, Mercia Ventures, Octopus Ventures, and our wider investor network, we’re redefining how paediatric clinical trials are run and putting families at the heart of them."
— Chris Evans, anaesthetist
Seed
£5.0M

The financing was co-led by Amadeus Capital Partners and Manta Ray Ventures to support international expansion and product development.

"This investment allows us to expand our global reach, with sales and support engineering staff in Brazil, the US, India, and grow our Yorkshire headquarters. We will be adding engineers and production workers and moving into a new Sheffield location. The investment will also enable Sitehop to pursue its technology roadmap – fleshing out the range of SAFE products securing all types of data-in-motion, and developing parallel products using our world-class skillsets in cryptography and programmable hardware design. We aim to get Sitehop’s products into the backbone of most of the world’s networks in the next few years."
— Melissa Chambers, CEO
Series A
£2.5M

The Yorkshire-based medical technology company secured backing from Mercia and private investors to support production and international expansion.

"The Eventum team have done a massive amount of work in a short space of time in developing Quadsense and getting it approved for clinical use. We are now excited to start scaling up the team to commercialise the product, as well as bringing further innovations to the orthopaedics market."
— John Naybour, CEO