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The Venture Codex

Mercia

Forward House, 17 High Street, Henley-in-Arden, Warwickshire, B95 5AA, United Kingdom

Overview

Investment management across venture, private equity, and debt.

Founded

2010

Deals · 12mo

3

Links

WebsiteLinkedInX (Twitter)

Stage focus

—

Geographic focus

United Kingdom

Sector focus

Asset Management
Financial Services
Venture Capital

Investment portfolio

123rounds
NAMEDATESIZE
Inovus Medical
Sep 2026Participated
$20 MOther Equity
Fifth Dimension
May 2026Participated
$26 MSeries A
Turbine
Feb 2026Participated
$25 MSeries B
Melius Cyber
Oct 2024Participated
$0.67 MOther Equity
Administrate
Aug 2024Participated
$4 MOther Equity
FinLegal
Jul 2024Led
$3 MOther Equity
Suiso
Mar 2024Led
$4 MOther Equity
FourJaw Manufacturing Analytics
Oct 2023Led
$2 MOther Equity
Shopblocks
Oct 2023Participated
$2 MOther Equity
Administrate
Jul 2023Participated
$6 MOther Equity
Camena Bioscience
Jul 2023Led
$10 MSeries A
Workbuzz
Jun 2023Participated
$8 MOther Equity
Inovus Medical
Sep 2026Participated
$20 MOther Equity
Fifth Dimension
May 2026Participated
$26 MSeries A
Turbine
Feb 2026Participated
$25 MSeries B
Melius Cyber
Oct 2024Participated
$0.67 MOther Equity
Administrate
Aug 2024Participated
$4 MOther Equity
FinLegal
Jul 2024Led
$3 MOther Equity
Suiso
Mar 2024Led
$4 MOther Equity
FourJaw Manufacturing Analytics
Oct 2023Led
$2 MOther Equity
Shopblocks
Oct 2023Participated
$2 MOther Equity
Administrate
Jul 2023Participated
$6 MOther Equity
Camena Bioscience
Jul 2023Led
$10 MSeries A
Workbuzz
Jun 2023Participated
$8 MOther Equity
123
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Insights

Time horizon

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Deal Distribution

Mercia: 123 funding rounds are recorded in the selected participation categories.All available history.
Mercia: 123 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed50
Series A96
Series B12
Series C+01
Other Equity6633

Monthly Deal Activity

Mercia: 123 deals are recorded across 193 months.All available history.
Mercia: 123 deals are recorded across 193 months. All available history
MonthDeals
Oct '101
Nov '100
Dec '100
Jan '110
Feb '110
Mar '111
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '132
May '131
Jun '130
Jul '131
Aug '130
Sep '130
Oct '130
Nov '131
Dec '130
Jan '140
Feb '140
Mar '140
Apr '141
May '140
Jun '140
Jul '140
Aug '140
Sep '143
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '152
Jun '150
Jul '150
Aug '150
Sep '150
Oct '152
Nov '151
Dec '150
Jan '161
Feb '160
Mar '162
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '161
Oct '162
Nov '161
Dec '161
Jan '172
Feb '172
Mar '170
Apr '170
May '171
Jun '172
Jul '170
Aug '171
Sep '170
Oct '170
Nov '171
Dec '172
Jan '180
Feb '180
Mar '180
Apr '181
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '183
Nov '180
Dec '180
Jan '190
Feb '191
Mar '190
Apr '191
May '191
Jun '191
Jul '191
Aug '190
Sep '193
Oct '190
Nov '191
Dec '191
Jan '200
Feb '200
Mar '200
Apr '202
May '202
Jun '200
Jul '201
Aug '200
Sep '201
Oct '202
Nov '200
Dec '200
Jan '210
Feb '212
Mar '214
Apr '211
May '211
Jun '213
Jul '211
Aug '213
Sep '211
Oct '212
Nov '212
Dec '211
Jan '222
Feb '222
Mar '222
Apr '221
May '223
Jun '221
Jul '222
Aug '221
Sep '223
Oct '221
Nov '224
Dec '221
Jan '232
Feb '230
Mar '233
Apr '233
May '231
Jun '232
Jul '232
Aug '230
Sep '230
Oct '232
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
Apr '240
May '240
Jun '240
Jul '241
Aug '241
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Mercia: Health & Life Sciences is the largest displayed sector by deal count (40 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Mercia: Health & Life Sciences is the largest displayed sector by deal count (40 deals). All available history
SectorDeals
Health & Life Sciences40
Networks, Cloud & Communication34
Enterprise Software26
Hardware & Robotics24
Professional Services24
Data, Analytics & IT16
Marketing & Advertising10
AI & Machine Learning10
Manufacturing9
Cybersecurity & Privacy8
Space & Frontier Tech8
Consumer & Lifestyle8
Education & Workforce6
Clean Energy & Sustainability5
Real Estate & Construction5
Media & Entertainment5
E-Commerce & Retail4
Transportation & Logistics4
Fintech4
Gaming & eSports4
Social & Community Platforms4
Developer Tools4
Government & Defense1
AR/VR1

Deal Size Distribution

Mercia: 123 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Mercia: 123 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M98
$5M-$10M16
$10M-$25M6
$25M-$50M3
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Mercia: Europe has the largest recorded deal count among the displayed regions (118 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Mercia: Europe has the largest recorded deal count among the displayed regions (118 deals). All available history
RegionDeals
Europe118
United States4
465071
Mercia: 20 co-investors are shown, with Scottish Enterprise sharing 8 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Mercia: 20 co-investors are shown, with Scottish Enterprise sharing 8 recorded deals. All available history
Co-investorShared deals
Scottish Enterprise8
ACF Investors6
North East Venture Fund6
NPIF \u2013 Mercia Equity Finance6
BGF3
Calculus Capital3
Downing Ventures3
European Regional Development Fund3
SIS Ventures3
24Haymarket2
Accel2
Archangels2
Beringea2
Bionova Capital2
Catapult Ventures2
Development Bank of Wales2
Foresight2
Greater Manchester Combined Authority2
IP Group2
Northern Powerhouse Investment Fund2

Investment Strategy

Mercia: Led accounts for 66% and participating for 34% of round participation.All available history.
Mercia: Led accounts for 66% and participating for 34% of round participation. All available history
CategoryDeals (count)Share (%)
Led8166%
Participating4234%
Mercia: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
Mercia: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead6175%
Co-led2025%

Team

Ashwin Kumaraswamy

Investment Director

Clive Downward

Investment Director

Gary Whitaker

Investment Manager

Jonathan Diggines

Fund Manager

Mark Payton

CEO

Mark Wyatt

Investment Director

Michelle Heaselgrave

Head of People & Talent, Senior Management Team

Tim Hazell

Co-Founder

Wayne Thomas

Managing Director - Mercia PE Funds