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Our history

Mercia comprises Mercia Technologies PLC, which invests from its own balance sheet and Mercia Fund Managers, which raises and manages third party funds. It is this blend of activities which enables Mercia to provide the ‘Complete Capital Solution.’

Mercia awarded North East Fund / Apr 2018

Mercia Fund Managers is awarded the £27.0million Venture Fund to support businesses across the North East region as part of the £120.0million North East Fund.

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Sale of Science Warehouse / Mar 2018

Mercia’s second largest direct investment holding, Science Warehouse is sold to Advance Business Software and Solutions Limited for a full cash exit of £16.9million.

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Mercia awarded Midlands Engine Investment Fund / Feb 2018

Mercia Fund Managers is awarded a £23.0million Proof-of-Concept and Early Stage Equity Fund, part of the Midlands Engine Investment Fund.

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First closing of EV Growth II / Dec 2017

First closing of EV Growth II with initial commitments totalling £45.1million.

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New partnership secured with the University of Edinburgh / Nov 2017

Non-exclusive partnership is secured with the University of Edinburgh; providing access to Edinburgh Innovations and increasing Mercia’s university partnerships to 19.

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New Group website launched / Oct 2017

Mercia launches a new website which brings Enterprise Ventures, EV Business Loans, Mercia Fund Management all under one identity - 'Mercia Fund Managers.'

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New contracts awarded / Feb 2017

Group wins significant new contracts totalling £108.5millon with British Business Bank, increasing third-party funds under management by nearly 50% to over £336.5million.

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£40.0million placing completed / Jan 2017

Placing of new Ordinary shares at a price of 46 pence per Ordinary share raising, in aggregate, £40.0million.

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Sale of Allinea to ARM / Dec 2016

Allinea Software is sold to ARM Limited for £18.1million.

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AIM-listing for Concepta / Jul 2016

Concepta PLC lists on AIM by way of a reverse takeover.

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18 university partnerships / Jun 2016

Mercia increases number of university partnerships to 18.

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Acquisition of Enterprise Ventures / Mar 2016

Mercia acquires Enterprise Ventures Group Limited, creating a go-to provider of early-stage and growth capital in the Midlands, the North of England, and Scotland, operating from six regional offices.

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New offices and partnerships / Oct 2015

Mercia opens an office in Edinburgh. It also begins Scottish partnerships with the University of Strathclyde and Abertay University, as well as three partnerships across the North of England with the Universities of York, Liverpool, and Liverpool John Moores University, taking its universities to 14.

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Mercia Technologies lists on AIM / Dec 2014

Mercia Technologies PLC listed on AIM, raising £70.0million. Mercia Fund Management becomes the wholly-owned subsidiary of Mercia Technologies, providing Mercia with a 'Complete Capital Solution' for technology businesses.

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Nine university partnerships / Apr 2013

Mercia Fund Management increases the number of university partnerships to nine across the Midlands, with £22.0million under management through third-party funds.

Relocation of offices / Jan 2013

Mercia Fund Management relocates from Birmingham to Forward House in Henley-in-Arden (West Midlands).

First EIS/SEIS fund raised / Apr 2012

Mercia Fund Management raises the first hybrid Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) fund to come onto the market.

Launch of Complete Capital Solution / Jan 2012

Forward Group becomes a shareholder in Mercia Fund Management. It launches the full funding model of early-stage investment from third-party funds to follow-on direct investment from the balance sheet (the Complete Capital Solution).

Mercia Fund Management created / Jan 2010

Management buyout leads to the creation of the third-party fund manager Mercia Fund Management.

Collaboration with Forward Group / Jan 2007

Forward Group establishes a collaboration with WME on the basis of their common interest in supporting and investing in the UK’s leading university spinouts.

Eight university partnerships / Jan 2006

Mercia Fund Management expands university partnerships to eight.

Launch of MF1 / Jan 2000

WME launches Mercia Fund 1 (MF1), a £4.0million evergreen seed fund providing support and capital to spinouts from the Universities of Birmingham and Warwick.

WME established / Jan 1982

WM Enterprise Limited (WME) is established in 1982 as a venture capital provider.

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