Midlands Engine Investment Fund I
Steel City House, West Street, Sheffield, S1 2GQ, United Kingdom
Overview
MEIF is an investment firm that operates equity and debt investment towards growth capital. The firm aims to transform the finance landscape for smaller businesses in the Midlands and to realize the region’s potential to achieve economic growth through enterprise. It is a collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs) in the West Midlands and East and South East Midlands. MEIF provides over £250m of investment to boost small and medium business (SME) growth in the Midlands.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
- Financial Services
Investment portfolio
- Promethean Particles
Participated · Series A · Aug 2024
Promethean Particles is a Nottingham-based chemical manufacturer specializing in metal-organic frameworks (MOFs). The company employs a proprietary continuous flow manufacturing technology to enable industrial-scale production of MOFs. Its product portfolio serves customer applications including carbon capture and storage, biogas upgrading, water harvesting, and gas separation and storage. Led by CEO James Stephenson and originally spun out from the University of Nottingham, Promethean is focused on deploying MOFs at scale. The company raised £8M in a Series A to build a scaled-up manufacturing facility, expand the team, and implement projects demonstrating MOFs' potential in energy transition applications. Investors in the round include venture firms and regional funds supporting further commercialization.
Team
No current team members are available.