UK-based early stage investor Mercia announces third SEIS fund to target emerging firms, including spin-outs.
Mercia Fund Management has announced the third incarnation of its Mercia Growth Fund, a Seed Enterprise Investment Scheme (SEIS) fund which will target emerging UK startups and small-to-medium enterprises (SMEs) such as university spin-outs.
Previous funds invested in a number of sectors, including medtech, gaming, telecoms, and e-commerce firms. As well as standard startups and SMEs, Mercia made several investments in university spin-outs during 2013, such as De Montford’s life science firm CYP Design and Birmingham’s material tech spin-out Irresistible…
