Details

Last Funding Type

Private Equity（PE）

Last Funding Money Raised

£23M

Industries

Financial Services,Life Science,Venture Capital

Founded date

Jan 1, 2010

Operating Status

Active

Legal Name

Mercia Technologies PLC

Also Known As

Mercia Fund Management

Investor Type

MVC,Venture Capital

Mercia Fund Managers is a venture capital fund manager with two funds totalling £12.8 million under management. Mercia Fund Managers focuses its efforts on the West Midlands region and benefits from a mixture of public- and private-sector fund investors.

Mercia Fund Managers provides venture capital for early-stage technology start-ups that are located in the West Midlands. Potential investees must demonstrate their potential for rapid growth and will possess a strong proprietary position with respect to their technology, intellectual property, and products.

Mercia Fund Managers is based in central Birmingham and is regulated by the Financial Services Authority. The company is also a member of the British Private Equity and Venture Capital Association.

Mercia Fund Managers will typically make an initial investment offer of between £50,000 and £250,000 of venture capital, but has the capacity to follow its money at subsequent investment rounds, up to an overall limit of £1 million of venture capital per company. Later rounds of financing will usually involve syndication with other venture capital investors, often from outside of the West Midlands.

Mercia Fund Managers has had 10 exits. Mercia Fund Managers most notable exits include Sense Biodetection ,   Kumulos

Mercia Fund Managers has acquired 1 organizations. Their most recent acquisition was WML Consulting on Jul 17, 2018. They acquired WML Consulting for 0.

Date Company Name	Industry	Acquisition Type	Price
Jul 17, 2018 WML Consulting	Civil Engineering	management_buyout	—	Detail