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Mercia Asset Management

Europe, Warwickshire, United Kingdom, Henley In Arden

Description

Mercia Asset Management is a prominent UK-based specialist asset manager dedicated to supporting high-growth businesses across the country's regions. Headquartered in Henley-in-Arden, Mercia operates with a unique model that combines direct balance sheet investments with the management of third-party funds, including venture capital trusts (VCTs), enterprise investment schemes (EIS), and significant regional funds like the Northern Powerhouse Investment Fund and Midlands Engine Investment Fund. This dual approach allows Mercia to deploy substantial capital and foster economic development outside of London, aligning with its mission to unlock the potential of regional innovation. As of its latest reports, Mercia manages over £1 billion in assets under management, underscoring its significant presence in the UK venture landscape.

The firm's investment strategy spans the entire funding lifecycle, from early-stage seed investments to later-stage growth capital. Mercia typically provides initial cheques ranging from £100,000 for nascent startups, particularly through its Seed EIS and early-stage venture funds, up to £10 million for more established companies seeking growth capital. This broad investment mandate enables Mercia to support businesses as they scale, often participating in follow-on rounds and leveraging its extensive network. Their flexible approach allows them to invest across various sectors, though they have a notable track record in areas such as deep technology, life sciences, and digital innovation.

Mercia's commitment to regional ecosystems is evident in its expansive portfolio, which encompasses over 500 businesses supported across its various funds and direct investments. This extensive reach provides a robust pipeline of opportunities and demonstrates Mercia's role as a key financial partner for entrepreneurs outside the traditional London tech hub. By providing not just capital but also strategic guidance and access to a network of expertise, Mercia aims to build sustainable, high-growth companies that contribute significantly to the UK's regional economies. Their integrated model, combining direct investment with fund management, positions them as a comprehensive and impactful investor in the UK's venture capital ecosystem.

Investor Profile

Mercia Asset Management has backed more than 97 startups, with 2 new investments in the last 12 months alone. The firm has led 61 rounds, about 63% of its total and boasts 14 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series A, Seed rounds (top funding stages).
  • Majority of deals are located in United Kingdom, United States.
  • Strong thematic focus on Software, Information Technology, Manufacturing.
  • Led 2 rounds in the past year.
  • Typical check size: $100K – $10M.

Stage Focus

  • Series Unknown (42%)
  • Series A (19%)
  • Seed (19%)
  • Series B (6%)
  • Pre Seed (4%)
  • Debt Financing (3%)
  • Convertible Note (2%)
  • Grant (1%)
  • Equity Crowdfunding (1%)
  • Series C (1%)

Country Focus

  • United Kingdom (97%)
  • United States (3%)

Industry Focus

  • Software
  • Information Technology
  • Manufacturing
  • Biotechnology
  • Internet
  • Health Care
  • Medical Device
  • Analytics
  • Computer
  • Saas
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Mercia Asset Management frequently co-invest with?

Par Equity
Europe, Edinburgh, City of, United Kingdom, Edinburgh
Co-Investments: 2
24 Haymarket
Europe, England, United Kingdom, London
Co-Investments: 4
Brookstreet Equity Partners
Europe, England, United Kingdom, London
Co-Investments: 2
NP
Europe, Sheffield, United Kingdom, Sheffield
Co-Investments: 4
Techstars
North America, Colorado, United States, Boulder
Co-Investments: 3
MP
Europe, Warwickshire, United Kingdom, Henley In Arden
Co-Investments: 2
NPIF – Mercia Equity Finance
Europe, Warwickshire, United Kingdom, Henley In Arden
Co-Investments: 2
Business Growth Fund
Europe, England, United Kingdom, London
Co-Investments: 2
Scottish Investment Bank
Europe, Glasgow City, United Kingdom, Glasgow
Co-Investments: 2
Midven
Europe, Birmingham, United Kingdom, Birmingham
Co-Investments: 2

Which angels does Mercia Asset Management often collaborate with?

MK
North America, California, United States, San Francisco
Shared Deals: 1
CS
Europe, Cheshire, United Kingdom, Wilmslow
Shared Deals: 1
RC
Europe, England, United Kingdom, London
Shared Deals: 1
AE
North America, Florida, United States, Tampa
Shared Deals: 1
GD
Europe, Hainaut, Belgium, Vaulx-lez-tournai
Shared Deals: 1
JV
North America, New York, United States, Brooklyn
Shared Deals: 1
GW
North America, Florida, United States, Naples
Shared Deals: 1
MG
Europe, Brighton and Hove, United Kingdom, Hove
Shared Deals: 1
TB
Europe, Cheshire, United Kingdom, Alderley Edge
Shared Deals: 1
JM
North America, Massachusetts, United States, Cambridge
Shared Deals: 2

What are some of recent deals done by Mercia Asset Management?

Netacea

Manchester, Manchester, United Kingdom

Netacea provides behavior-based bot management to protect enterprise businesses from threats.

Artificial Intelligence (AI)Cyber SecurityInformation TechnologyNetwork SecuritySaaS
Series ADec 6, 2024
Amount Raised: $5,097,600
Semble

London, England, United Kingdom

Practice Management Software, Bookings & Questionnaires, Patient Management, Invoices & Payments, Analytics, Integrations & APIs

Health CareMedicalSoftware
Series BOct 23, 2024
Amount Raised: $14,983,189
Locate Bio

Beeston, Nottinghamshire, United Kingdom

Locate Bio is a world leading orthobiologics company that is focused on providing surgeons with a choice of best-in-class products.

BiotechnologyMedical Device
Series UnknownApr 29, 2024
Amount Raised: $11,554,784
Thalia Design Automation

Bath, Bath and North East Somerset, United Kingdom

Thalia Design Automation provides software solutions to assist in the design of analog and mixed signal integrated circuits.

ElectronicsSemiconductorSoftware
Series UnknownJul 19, 2023
Amount Raised: $2,716,818
The One Point

Hessle, East Riding of Yorkshire, United Kingdom

The One Point specializes in business mobiles, VoIP, broadband, IT support, printing, CRM, e-commerce and mobile app development services.

Information TechnologyInternetMobile AppsTelecommunicationsVoIP
Debt FinancingJul 11, 2023
Amount Raised: $1,810,760
Camena Bioscience

Cambridge, Cambridgeshire, United Kingdom

Camena Bioscience is a synthetic biology company that develops tools to engineer new synthetic biology applications.

BiotechnologyHealth Care
Series AJul 3, 2023
Amount Raised: $10,026,869
Medherant

Coventry, Coventry, United Kingdom

Medherant is developing a first-in-class transdermal drug delivery patch for prescription and OTC medicines.

CommercialDeliveryPharmaceutical
Series UnknownApr 3, 2023
Amount Raised: $3,602,095
HowNow

London, England, United Kingdom

HowNow is a London-based EdTech startup that connects experts and learners by offering interactive video lessons.

E-LearningEdTechEducationInternetTraining
Series AFeb 6, 2023
Amount Raised: $4,810,473
Send

London, England, United Kingdom

Send offers insurance software solutions that automate processes and tasks for underwriters.

Information TechnologyInsurTechSoftware
Series ANov 15, 2022
Amount Raised: $10,691,655
Flabba

Bournemouth, Bournemouth, United Kingdom

Flabba provides video communications integrated with functionality and workflows.

Information ServicesInformation TechnologySoftwareVideoVideo ConferencingVirtual Workforce
Series BOct 31, 2022
Amount Raised: $458,703