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management industry venture capital funding founded birmingham 2010 headquarters united kingdom key people mark payton mike hayes 1 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 . 2 3 4 the company provides venture capital to businesses focused on innovative technologies . 2 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 . 5 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 . 6 7 contents 1 history 2 funds 3 startups 4 references 5 external links history edit 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 . 3 4 these startups are usually in the very early stages of development and often have yet to earn revenue . 8 mercia is led by mark payton its managing director . 5 9 10 11 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 . 2 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 12 supporting technology innovations in a variety of sectors 1 as well as a number of businesses that are not technology based . 2 mercia has financial conduct authority authorization . 2 the fund is supported by shareholders including forward group a private equity fund . 13 funds edit mercia fund management distributes and manages several funds including options under the uk s seis and eis options . 3 4 14 mercia growth fund the mercia growth fund was the first of mercia s funds offered to retail investors . the mercia growth fund was launched to take advantage of the seis and eis tax incentives 2 4 under the uk s finance act . 15 the seis is invested into startup businesses while the eis is targeted at already established businesses looking to expand . 5 the seis and eis tax incentives provide income tax relief and removes capital gains tax under certain conditions . 4 the mercia growth fund was invested in two separate rounds the mercia growth fund 1 was launched in 2012 15 16 and the mercia growth fund 2 was launched in 2013 . 2 16 17 mercia technology seed fund the mercia technology seed fund invests in businesses with a viable technological concept but which may lack adequate revenue . 18 mercia digital fund mercia digital fund like mercia growth fund 1 2 and 3 is a hybrid eis and seis fund launched in august 2014 . startups edit mercia has invested in startups in various fields . it invested in oxford genetics ltd a uk based dna engineering company 9 in warwick audio technologies from warwick ventures of the university of warwick and in lm technologies . the fund manager has also invested in allinea software which was a winner in the red herring global 100 and molecular solar also from warwick ventures which got the lord stafford innovation in development award both in 2011 . 6 7 in june 2014 abzena was the first mercia fund management company to be listed on a public stock exchange . 19 references edit a b weber rachel 19 september 2013 . ex sega ceo joins vc fund mercia fund management . a b c d e f g mercia fund management . retrieved 22 september 2013 . a b c mercia fund management launches hybrid eis and seis fund . 23 july 2012 . a b c d e bollen jennifer 20 november 2012 . mercia looks to tax breaks for new growth fund . a b c city alliance s client mercia fund management announces over subscription to the seis portion of mercia growth fund 1 . 19 november 2012 . a b molecular solar shines at lord stafford awards . 23 november 2011 . retrieved 22 september 2013 . a b mercia fund management backs another award winner . 19 january 2012 . retrieved 22 september 2013 . mercia fund management a supporter of midland university spinouts hears feedback from two keele university start ups . 10 june 2013 . retrieved 22 september 2013 . a b mercia fund management invests gbp150 000 in oxford genetics . ivc post . 22 july 2013 . retrieved 22 september 2013 . dunsby megan 22 july 2013 . oxford genetics secures 150 000 backing from mercia fund management . pitts andrew 20 march 2013 . generous tax breaks extended for investors in start ups . money observer . funding university of keele spin outs . bdaily . 6 june 2013 . forward group becomes mercia shareholder . insider media . 19 february 2013 . mercia growth fund 2 . city alliance . retrieved 22 september 2013 . a b mercia launches hybrid seis eis fund . private equity wire . 23 july 2012 . retrieved 22 september 2013 . a b mablyte and watertronix backed by new mercia fund management hybrid eis and seis fund . 10 april 2013 . second eis seis fund from mercia fund management aimed at tax break seeking investors . 6 march 2013 . seed fund puts 300k into bluetooth and wi fi . retrieved 22 september 2013 . intention to float aim london stock exchange . london stock exchange . retrieved 30 september 2014 . external links edit mercia s official website retrieved from https en.wikipedia.org w index.php title mercia fund management & oldid 741251331 categories venture capital firms of the united kingdomcompanies based in birmingham west midlandsbritish companies established in 2010financial services companies established in 2010hidden categories wikipedia articles with possible conflicts of interest from february 2016articles with topics of unclear notability from february 2016all articles with topics of unclear notability navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 26 september 2016 at 09 35 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by 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