
Mercia Fund Managers
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
Frequently Asked Questions
Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.