Mercia Fund Management
| Industry | Venture capital funding |
|---|---|
| Founded | Birmingham, 2010 |
| Headquarters | United Kingdom |
|
Key people
|
Mark Payton Mike Hayes Tim Hazell Stuart Palmer Peter Dicks |
| Website | http://www.merciafund.co.uk/ |
Mercia Fund Management or Mercia is a UK-based venture capital fund manager. The company provides venture capital to businesses focused on innovative technologies. Mercia offers investment under the Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS), both investment-based tax-reliefs, operating one of the largest such combined funds in the United Kingdom. Startups in which Mercia has invested have gone on to earn awards for their innovations. Allinea Software was a 2011 Red Herring Global 100 winner and Molecular Solar earned the 2011 Lord Stafford Innovation in Development award.
Mercia Fund Management was co-founded by Mark Payton as a venture capital fund manager in 2010, after a buyout of WM Enterprise. Based in the United Kingdom, Mercia provides venture capital primarily to start-up businesses focused on innovative technologies. These startups are usually in the very early stages of development and often have yet to earn revenue. Mercia is led by Mark Payton, its managing director. Mark is a Member of the Faculty of Science Engineering and Computing Advisory Board, Kingston University.
Mercia was initially set up to manage one of WM Enterprise's portfolios, the Mercia Fund 1, which was aimed at providing seed capital for innovative projects emanating from the University of Birmingham and the University of Warwick. The Mercia Fund 1 has since expanded its portfolio to other universities. Mercia Fund Management, now an independent firm, currently collaborates with eight universities within the West Midlands region of England, in addition to other unaffiliated startups, supporting technology innovations in a variety of sectors as well as a number of businesses that are not technology based. Mercia has Financial Conduct Authority authorization. The fund is supported by shareholders including Forward Group, a private equity fund.
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