Innovation Birmingham Campus companies raise over £10 million

Innovation Birmingham Campus companies raised over £10m, driving growth and innovative product development in 2017. Amongst the tech talent based on the Innovation Birmingham Campus, three companies closed successful investment rounds towards the end of 2017, including optometry business Aston EyeTech securing £5m in November to launch its latest product range. The company builds hardware […]

Beech Tree acquires cloud data company Redstor

Birmingham-headquartered Beech Tree Private Equity has acquired a fast-growing provider of cloud data management software and services – Redstor. The private equity firm had been looking to invest in a company with exposure to the rapid growth in data generated by businesses and selected Reading-based Redstor, which also has operations in South Africa, thanks to the company […]

3i infrastructure completes acquisition of Solihull’s WIG

  3i Infrastructure has increased its equity ownership of Wireless Infrastructure Group (WIG), which is Scotland headquartered with offices in Solihull, in a deal announced on 27 December. The deal to invest a further £186m in WIG has now completed and 3i Infrastructure chairman, Richard Laing, said: “We are delighted to be taking majority ownership of WIG. […]

Mercia ploughed £48m into growing businesses last year

Mercia Technologies, a Warwickshire-based investment group, invested almost £50m in growing businesses UK-wide last year. During 2017, Mercia Technologies also opened new offices in Birmingham, Sheffield and Leeds as it continued to expand its growing team. Chief executive Mark Payton comments: “During 2017 Mercia has continued to strengthen its regional presence, build its investment portfolio, its team […]

Leicester technology company 3T Logistics’ revenue surge

A Leicester-based company that specialises in developing technology for the logistics sector has reported an increase in turnover of about 50 per cent over the past four years. 3T Logistics is Europe’s largest independent 4PL, managing over £200 million in transport spend across Europe and the US. Based at Grove Park in Enderby, Leicestershire, the […]

Mayor backs govt proposal for West Mids tech innovation

West Midlands’ Mayor Andy Street has backed a series of proposals that the Government that will boost innovation and technology industries across the region, including creating a new tech hub in Birmingham and digital technology investment. The proposal will see the number of tech visas being offered to UK businesses double, while a £2m pilot scheme will be […]

Mercia backs Manchester’s Intechnica with £3.5m investment

Investment group Mercia Technologies has completed a £3.5m direct investment into a Manchester-based software specialist Intechnica as part of a £5m funding round. With revenue growth of more than 150 per cent during the last three years, Intechnica has already developed a high-profile client base that includes Ted Baker, AO.com, Pets at Home and Avis. […]

Video game developer floats with £145 million market cap

Sumo Digital, the video game developer behind Little Big Planet 3 and Sonic All Star Racing, which has bases in Sheffield, Nottingham and Newcastle is now trading on the UK’s AIM with a market capitalisation of £145m. Its private equity owners, Perwyn, management and shareholders were expected to sell around £40m in the offering, with Sumo Digital selling a […]

£20,000 competition to solve West Midlands urban challenges

The mayor of the West Midlands Combined Authority (WMCA)  launched a contest encouraging firms to create solutions for four key public-service areas as part of it’s ‘Urban Challenge’: Wellbeing Homelessness Youth unemployment Digital citizenship. The competition, which is being run in conjunction with Public.io, which runs an incubator programme for government technology firms will provide winners with […]

Aston EyeTech secures £5 million investment for eye technology

Aston EyeTech, an Aston University spin-out has secured £5m funding, with specialist tech investor Mercia Technologies contributing £1.8m to the investment round. Mercia’s investment gives the group a direct equity stake of 19.4 per cent in Aston EyeTech. It awarded the funding alongside an Asian-based investment syndicate. The cash will be used to accelerate product […]

Government launches £68 million AI and robotics fund

The Government has announced more than £68 million of investment from the Industrial Strategy Challenge Fund (ISCF) for a programme of robotics and artificial intelligence (AI) projects aimed at improving safety in extreme environments. The programme will develop robots and artificial intelligence to take on jobs in the freezing depths of the North Sea, dealing […]

Software firm Synapse aims for crowdfunding boost

Birmingham tech firm Synapse is aiming to create 20 new jobs by securing £300,000 in new finance via crowdfunding. The new crowdfunding campaign has launched  with Shadow Foundr to raise the capital to help Synapse expand its team. The company is based at Innovation Birmingham Campus, and has created software which aims to help clients manage […]

Mercia joins games industry Investment Summit for indie developers

Henley-in-Arden based Mercia Technologies has joined the GamesIndustry.biz Investment Summit, which provides a chance for independent developers to get their games funded and signed, and will take place on Thursday, September 21st at the NEC during the EGX consumer show. All participants will receive a four-day pass to the consumer event, a lunch, plus access to […]

Technology investor makes strong progress in profitable year

Mercia Technologies, the Henley-in-Arden based technology investor focused on the UK regions, has welcomed a “positive year” in which it recorded a £1.1m profit and increased the value of its portfolio companies. It believes it has built “a compelling and sustainable model”, which sees it invest third party funds into businesses and then takes the […]

PWC and University of Birmingham to launch tech degree apprenticeships

PwC is partnering with the University of Birmingham to create a new fully-funded technology degree apprenticeship.  Starting in September 2018, the innovative programme will see 80 students a year combining university life with practical work-based technology projects at PwC. The four year course is being developed by PwC in partnership with two leading universities – […]