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Mercia Fund Managers

Europe, Warwickshire, United Kingdom, Henley In Arden

Description

Mercia Asset Management, formerly known as Mercia Fund Managers, stands as a prominent regionally focused specialist asset manager in the United Kingdom. With approximately £1.4 billion (equivalent to around $1.75 billion USD) of assets under management, Mercia plays a crucial role in fostering innovation and economic growth across the UK's regions, particularly within the Northern Powerhouse and Midlands Engine initiatives. The firm distinguishes itself by offering a comprehensive suite of capital solutions, spanning the entire funding lifecycle from seed-stage investments to significant scale-up rounds. This includes both equity and debt financing, tailored to the specific needs of high-growth businesses.

Mercia's investment strategy is deeply rooted in supporting innovative companies across key sectors such as Software, Digital & Media, Life Sciences, and Advanced Manufacturing & Engineering. They are committed to identifying and nurturing promising ventures outside of London, thereby decentralizing venture capital access and promoting regional prosperity. Their approach involves active engagement with portfolio companies, leveraging their extensive network and expertise to facilitate growth and market expansion.

The firm manages a diverse range of funds, each designed to address different stages of a company's development. For early-stage ventures, Mercia's EIS (Enterprise Investment Scheme) funds typically provide initial investments ranging from £100,000 to £750,000. As businesses mature and demonstrate significant growth potential, Mercia's venture funds step in, offering more substantial initial cheques that typically range from £1 million to £10 million. This tiered funding approach ensures that companies can access appropriate capital as they progress from nascent ideas to established market players. Mercia's commitment to long-term partnerships and its broad funding capabilities make it a significant player in the UK's regional venture capital landscape, aiming to build a portfolio of sustainable, high-impact businesses.

Investor Profile

Mercia Fund Managers has backed more than 143 startups, with 2 new investments in the last 12 months alone. The firm has led 93 rounds, about 65% of its total and boasts 13 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in United Kingdom, United States, Hungary.
  • Strong thematic focus on Software, Biotechnology, Health Care.
  • Led 1 rounds in the past year.
  • Typical check size: $125K – $12.5M.

Stage Focus

  • Seed (48%)
  • Series Unknown (34%)
  • Series A (12%)
  • Debt Financing (2%)
  • Series B (1%)
  • Angel (1%)
  • Grant (1%)
  • Pre Seed (1%)

Country Focus

  • United Kingdom (96%)
  • United States (2%)
  • Hungary (1%)
  • The Netherlands (1%)
  • Australia (1%)

Industry Focus

  • Software
  • Biotechnology
  • Health Care
  • Medical
  • Manufacturing
  • Medical Device
  • Information Technology
  • Saas
  • Computer
  • Analytics
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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 Fund Managers frequently co-invest with?

SV
Europe, Edinburgh, City of, United Kingdom, Edinburgh
Co-Investments: 3
Midlands Engine Investment Fund
Europe, Sheffield, United Kingdom, Sheffield
Co-Investments: 5
ACF Investors
Europe, Sheffield, United Kingdom, Sheffield
Co-Investments: 4
Scottish Investment Bank
Europe, Glasgow City, United Kingdom, Glasgow
Co-Investments: 10
Oxford Capital
Europe, Oxfordshire, United Kingdom, Oxford
Co-Investments: 3
Downing Ventures
Europe, England, United Kingdom, London
Co-Investments: 3
Midven
Europe, Birmingham, United Kingdom, Birmingham
Co-Investments: 4
Development Bank of Wales
Europe, Cardiff, United Kingdom, Cardiff
Co-Investments: 4
Lancashire Rosebud Finance
Europe, Lancashire, United Kingdom, Preston
Co-Investments: 3
Scottish Enterprise
Europe, Glasgow City, United Kingdom, Glasgow
Co-Investments: 3

Which angels does Mercia Fund Managers often collaborate with?

SM
Europe, England, United Kingdom, London
Shared Deals: 1
AL
Europe, England, United Kingdom, London
Shared Deals: 1
DP
Europe, Reading, United Kingdom, Reading
Shared Deals: 1
AW
Europe, England, United Kingdom, London
Shared Deals: 1
PT
Europe, Bromley, United Kingdom, Bromley
Shared Deals: 1
MW
Europe, England, United Kingdom, London
Shared Deals: 1
TD
Europe, Manchester, United Kingdom
Shared Deals: 1
MB
North America, Massachusetts, United States, Boston
Shared Deals: 1
PM
Europe, England, United Kingdom, London
Shared Deals: 1
JM
North America, Massachusetts, United States, Cambridge
Shared Deals: 1

What are some of recent deals done by Mercia Fund Managers?

Melius Cyber

Wear, Devon, United Kingdom

Melius Cyber continuously monitors an organization's IT network, testing security and protecting it from the latest threats.

Cyber SecurityInformation ServicesInformation Technology
Series UnknownOct 14, 2024
Amount Raised: $653,356
Administrate

Bozeman, Montana, United States

Powerful Software for Training Operations

E-LearningEducationEnterprise SoftwareHuman ResourcesInformation TechnologySoftwareTraining
Series UnknownAug 19, 2024
Amount Raised: $3,960,483
Warwick Acoustics

London, England, United Kingdom

Warwick Acoustics creates ground-breaking audio products

AudioB2CConsumer ElectronicsElectronics
Series AApr 2, 2024
Amount Raised: $8,803,271
Role Mapper Technologies

Exeter, Devon, United Kingdom

Role Mapper Technologies provides a talent management platform that design and create great job descriptions to increase hiring diversity.

Software
SeedDec 20, 2023
Amount Raised: $2,654,243
Administrate

Bozeman, Montana, United States

Powerful Software for Training Operations

E-LearningEducationEnterprise SoftwareHuman ResourcesInformation TechnologySoftwareTraining
Series UnknownJul 11, 2023
Amount Raised: $6,467,000
Distil.ai

Exeter, Devon, United Kingdom

Distil’s Business Intelligence Platform understands your data to help you know your audience, drive strategy, power growth and revenue.

AnalyticsBig DataBusiness IntelligenceData IntegrationData MiningData VisualizationE-CommercePredictive AnalyticsSoftware
SeedJul 6, 2023
Amount Raised: $1,401,720
Centuro Global

London, England, United Kingdom

Centuro Global helps companies enter new markets around the world through the world's first all encompassing global expansion platform.

Human ResourcesLegal TechProfessional NetworkingProfessional Services
SeedApr 28, 2023
Amount Raised: $4,147,438
Social Value Portal

London, England, United Kingdom

Social Value Portal is a on-line solution that allows organisations to measure and manage the contribution.

Information ServicesInformation TechnologyOnline PortalsSocial
Series BApr 19, 2023
Amount Raised: $10,563,796
Adludio

London, England, United Kingdom

Adludio is the AI-powered platform that delivers interactive mobile advertising.

AdvertisingAdvertising PlatformsMobile Advertising
Series AApr 4, 2023
Amount Raised: $2,499,863
CanSense

Swansea, Swansea, United Kingdom

CanSense is an accurate, rapid, non-invasive, blood diagnostic for the early detection of cancer.

BiotechnologyHealth CareHealth Diagnostics
SeedMar 8, 2023
Amount Raised: $1,777,432