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NPIF – Mercia Equity Finance

Government

Portfolio

3

companies


Portfolio companies

Sitehop

Sitehop

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

Bimsense

Bimsense

Bimsense develops software that helps building owners comply with safety regulations.

SS

Slingshot Simulations

Digital twin and decision intelligence software provider.


Recent investments

Growth
£7.5M

The funding round was led by Northern Gritstone with participation from Amadeus Capital Partners, Manta Ray, Mercia Ventures and NPIF, Mercia Equity Finance.

"Sitehop is proving the critical need for future-proof encryption, demonstrated by our early customer traction globally. As a Sheffield-founded company, this investment from Northern Gritstone supports our mission to grow and scale in the region and build world-leading sovereign encryption capability right here in the UK – meaning we can accelerate international expansion while keeping the UK at the forefront of world-class cybersecurity innovation."
— Melissa Chambers, CEO
Seed
£250K

NPIF, Mercia Equity Finance backed the follow-on round to support platform enhancements and job creation.

"By using [Bimsense’s] latest software, the design and construction industry will have access to a wider range of tools to help improve building safety and deliver on our energy efficiency targets as we move towards a Net Zero economy."
— Phil Glover
Seed
£1.5M

The digital twin pioneer raised the capital from existing backer Mercia and the government Future Fund to prepare for commercial launch.

"David and his team have won international recognition for their work and their platform opens up new possibilities for businesses in areas such as construction, transport and logistics, product development and manufacturing. We are pleased to be able to fund them once again to help them launch their product into the market."
— Will Clark