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Mercia Ventures

United KingdomMidlandsNorth of EnglandYorkshireNorth East EnglandNorth West EnglandScotlandB2B SaaSAI/MLHealthtechDeep TechCybersecurityConsumerBio/PharmaEnterpriseClimate

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Investment thesis

Mercia Ventures was founded on a clear and enduring thesis: many of the UK's most compelling private market opportunities lie outside London. From its origins in the Midlands, Mercia set out to be on the ground in the regions, find the best deals, and bring scalable capital to meet them — building one of the UK's most respected private market investment platforms, with 11 regional offices and a 120+ strong team deploying capital where it matters most. The name Mercia itself harks back to an ambitious Anglo-Saxon kingdom, a fitting symbol for a business built on regional prosperity and national reach. Mercia Ventures is one of the UK's most active venture capital investors, operating from early-stage to scaleup investment. The firm offers venture capital investment of up to £10 million and supports portfolio companies at every stage of their growth. Its mission is to empower founders who dare to dream bigger and achieve more with less — empowering them through long-standing relationships and essential resources to help accelerate their growth journey. The investment team operates from a shared set of beliefs, partnering with entrepreneurs for the long term, and draws on the experiences of founders, PhD scientists, software engineers, corporate financiers and management consultants. The firm makes equity investments of up to £10 million across all sectors, with particular specialisms in Software, Consumer, Healthcare and Deep Tech. Mercia Ventures is a generalist investor with deep sector expertise, and its portfolio reflects a broad range of industries from Life Sciences and High Tech to Enterprise Applications and Artificial Intelligence. The firm is especially active in backing innovative technology businesses at the seed and Series A stages, though it also participates in later growth rounds. Beyond capital, Mercia Ventures offers what it calls 'Nucleus' — a dedicated and focused team to support value creation aligned to founders' needs. Through extensive networks, the firm provides operational and strategic support to help portfolio companies achieve milestones faster than their peers. Mercia also contributes to broader regional development, promoting entrepreneurship, job creation and innovation within an ESG framework that aims to create long-term sustainable development. The firm manages multiple fund mandates on behalf of the British Business Bank, including the Northern Powerhouse Investment Fund II (NPIF II) and the Midlands Engine Investment Fund II, reinforcing its commitment to deploying capital across underserved UK regions.

Notable quotes

By backing pioneering businesses like SCI, we're helping to build a stronger, more resilient regional economy and positioning the UK as a global leader in deep tech.

Will Schaffer · https://www.uktechnews.info/2025/05/27/sci-semiconductor-secures-2-5-million-investment-led-by-mercia-ventures/ · 2025-05-27

Employee benefits are a huge expense for businesses but the current infrastructure is broken.

Jonathan Kruger · https://www.thanksben.com/blog/series-b · 2025-12-17

Having backed equiwatt from the very start, it is rewarding to see its rapid expansion.

Chris McCourt · https://www.cbinsights.com/investor/mercia-ventures · 2025-04-14

The introduction of new regulations will drive uptake of smoke management solutions in the years ahead.

Dr Robert Hornby · https://www.mercia.co.uk/alesi-raises-5m-to-cut-risk-of-surgical-smoke-in-operating-theatres/ · 2025-09-23

Against a backdrop of rising energy prices, Grid Edge helps customers cut costs while achieving their sustainability targets.

Rafael Joseph · https://www.uktechnews.info/2025/04/03/grid-edge-secures-2-8-million-investment-led-by-mercia-ventures/ · 2025-03-25

Team

Hugo Lough

Head of New Investments

ConsumerB2B SaaSEnterprise

Will Schaffer

Investment Director

CybersecurityDeep TechB2B SaaS

Jonathan Kruger

Investor

EnterpriseB2B SaaSConsumer

Adam Lovell

Investor

B2B SaaSCybersecurity

Dr Marina Fuentes

Investor

Bio/PharmaHealthtechDeep Tech

Dr Robert Hornby

Investor

HealthtechDeep TechBio/Pharma

Chris McCourt

Investor

HealthtechConsumerEnterprise

Hannah Tapsell Chapman

Investor

Bio/PharmaHealthtech

Dr Graham Davies

Fund Principal

Deep TechBio/Pharma

Ian Wilson

Fund Principal

EnterpriseB2B SaaS

Recent investments

CompanyRoundSizeDate
BenSeries B$28m2025-12-17
Laverock TherapeuticsSeed Extension$28m2025-06-30
Alesi SurgicalSeries C$6m2025-09-23
SCI SemiconductorSeed$3m2025-05-27
Grid EdgeSeed$4m2025-03-25
EquiwattVenture (Follow-on)$889k2025-04-14
Crown Plus LimitedVenture$5m2025-03-14
GutologySeed$2m2026-01-17
ActiveXchangeSeed2026-01-01
Aelius BiotechVenture (Follow-on)$952k2025-04-08

Frequent co-investors

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