# Mercia Asset Management Portfolio Map 2026: 56 Startups by Sector

> Mercia Asset Management's portfolio mapped: 56 startups it has backed, in 10 sectors from AI, Cybersecurity and Biotech on.

Source: https://millionrounds.com/portfolio-maps/mercia-ventures-portfolio-map (Millionrounds; every figure on the page links to its filing or article)

## AI

11

- [Sensat](https://millionrounds.com/company/sensat)
- [*B* Ben](https://millionrounds.com/company/ben)
- [Flok Health](https://millionrounds.com/company/flok-health)
- [GridEdge](https://millionrounds.com/company/grid-edge)
- [PlannerPal](https://millionrounds.com/company/plannerpal)
- [Mindtech](https://millionrounds.com/company/mindtech)
- [Netacea](https://millionrounds.com/company/netacea)
- [Kuano](https://millionrounds.com/company/kuano)
- [TalentMapper](https://millionrounds.com/company/talentmapper)
- [Notify Technology](https://millionrounds.com/company/notify-technology)
- [Unloq](https://millionrounds.com/company/unloq)

## Cybersecurity

9

- [Risk Ledger](https://millionrounds.com/company/risk-ledger)
- [Sitehop](https://millionrounds.com/company/sitehop)
- [CyberOwl](https://millionrounds.com/company/cyberowl)
- [SCI Semiconductor](https://millionrounds.com/company/sci-semiconductor)
- [Cyacomb](https://millionrounds.com/company/cyacomb)
- [CultureAI](https://millionrounds.com/company/cultureai)
- [Intechnica](https://millionrounds.com/company/intechnica)
- [*CF* Cyan Forsenics](https://millionrounds.com/company/cyan-forsenics)
- [OneClickComply](https://millionrounds.com/company/oneclickcomply)

## Biotech

8

- [Oxford Genetics](https://millionrounds.com/company/oxford-genetics)
- [Tozaro](https://millionrounds.com/company/tozaro)
- [Little Journey](https://millionrounds.com/company/little-journey)
- [Camena Bioscience](https://millionrounds.com/company/camena-bioscience)
- [Invizius](https://millionrounds.com/company/invizius)
- [Forge Genetics](https://millionrounds.com/company/forge-genetics)
- [Laverock Therapeutics](https://millionrounds.com/company/laverock-therapeutics)
- [Tagomics](https://millionrounds.com/company/tagomics)

## Healthtech

8

- [*S* Semble](https://millionrounds.com/company/semble)
- [Sense Biodetection](https://millionrounds.com/company/sense-biodetection)
- [Kinomica](https://millionrounds.com/company/kinomica)
- [Scalpel AI](https://millionrounds.com/company/scalpel-ai)
- [*CD* Concepta Diagnostics](https://millionrounds.com/company/concepta-diagnostics)
- [Neupulse](https://millionrounds.com/company/neupulse)
- [SERG Technologies](https://millionrounds.com/company/serg-technologies)
- [Gutology](https://millionrounds.com/company/gutology)

## Edtech

4

- [StudentCrowd](https://millionrounds.com/company/studentcrowd)
- [HowNow](https://millionrounds.com/company/hownow)
- [ImmuONE](https://millionrounds.com/company/immuone)
- [Graide](https://millionrounds.com/company/graide)

## E-commerce

4

- [Warehow](https://millionrounds.com/company/warehow)
- [Zedify](https://millionrounds.com/company/zedify)
- [*SC* Symphony Commerce](https://millionrounds.com/company/symphony-commerce)
- [Shopblocks](https://millionrounds.com/company/shopblocks)

## Energy

3

- [Faradion](https://millionrounds.com/company/faradion)
- [ACELERON](https://millionrounds.com/company/aceleron)
- [*V* VerdEnergy](https://millionrounds.com/company/verdenergy)

## Manufacturing

3

- [RAD Propulsion](https://millionrounds.com/company/rad-propulsion)
- [Axis Spine Technologies](https://millionrounds.com/company/axis-spine-technologies)
- [Thalia Design Automation](https://millionrounds.com/company/thalia-design-automation)

## IT Services

3

- [Pimberly](https://millionrounds.com/company/pimberly)
- [OneUp Sales](https://millionrounds.com/company/oneup-sales)
- [*F* Flabba](https://millionrounds.com/company/flabba)

## Big Data & Analytics

3

- [Forensic Analytics](https://millionrounds.com/company/forensic-analytics)
- [Slingshot Simulations](https://millionrounds.com/company/slingshot-simulations)
- [W2 Global Data Solutions](https://millionrounds.com/company/w2-global-data-solutions)

## Segment by segment

### AI

11 startups · $143M raised

- [**Sensat**](https://millionrounds.com/company/sensat) Sensat is a London-based company specializing in digital twin technology and infrastructure visualization. United Kingdom $58M
- [*B* **Ben**](https://millionrounds.com/company/ben) United Kingdom $28M
- [**Flok Health**](https://millionrounds.com/company/flok-health) Flok Health is the UK’s first AI-powered digital physiotherapy clinic, founded in 2022 by Finn Stevenson and Ric da Silva. United Kingdom $19M
- [**GridEdge**](https://millionrounds.com/company/grid-edge) GridEdge is a Birmingham-based technology startup focused on artificial intelligence and data science solutions for the energy sector. United Kingdom $7.1M
- [**PlannerPal**](https://millionrounds.com/company/plannerpal) PlannerPal is an AI-powered workflow platform founded in 2022, based in Newcastle Upon Tyne, United Kingdom. United Kingdom $6.0M
- [**Mindtech**](https://millionrounds.com/company/mindtech) MindTech provides big data, artificial intelligence, software consulting, business intelligence, blockchain, and cloud computing solutions. United Kingdom $5.7M
- [**Netacea**](https://millionrounds.com/company/netacea) Netacea is a cybersecurity company founded in 2018, headquartered in Manchester, United Kingdom, with additional offices in New York. United Kingdom $5.1M
- [**Kuano**](https://millionrounds.com/company/kuano) Kuano is a UK-based biotechnology company founded in 2020, specializing in drug discovery. United Kingdom $4.8M

### Cybersecurity

9 startups · $121M raised

- [**Risk Ledger**](https://millionrounds.com/company/risk-ledger) Risk Ledger is a London-based cybersecurity company founded in 2018, specializing in third-party risk management (TPRM). United Kingdom $43M
- [**Sitehop**](https://millionrounds.com/company/sitehop) Sitehop develops cutting-edge networking and cyber-security solutions. United Kingdom $18M
- [**CyberOwl**](https://millionrounds.com/company/cyberowl) CyberOwl offers an early warning system for cyber attacks through real-time monitoring of high value targets for malicious behavior. United Kingdom $17M
- [**SCI Semiconductor**](https://millionrounds.com/company/sci-semiconductor) SCI Semiconductor is a UK-based fabless semiconductor company specializing in memory-safe, high-integrity computing using CHERI technology. United Kingdom $13M
- [**Cyacomb**](https://millionrounds.com/company/cyacomb) Cyacomb Limited is a technology company based in Edinburgh, Scotland, focused on enhancing online safety and digital forensics. United Kingdom $11M
- [**CultureAI**](https://millionrounds.com/company/cultureai) CultureAI is a cybersecurity technology company based in Manchester and London, UK, specializing in Human Risk Management (HRM) an United Kingdom $10M
- [**Intechnica**](https://millionrounds.com/company/intechnica) Intechnica is a global consultancy founded in 1990 in Nuremberg, Germany. United Kingdom $3.8M
- [*CF* **Cyan Forsenics**](https://millionrounds.com/company/cyan-forsenics) United Kingdom $2.8M

### Biotech

8 startups · $87M raised

- [**Oxford Genetics**](https://millionrounds.com/company/oxford-genetics) Oxford Genetics is a biotechnology company producing versatile cloning plasmids for research. United Kingdom $34M
- [**Tozaro**](https://millionrounds.com/company/tozaro) Tozaro Limited is a UK-based biotechnology research company located in Colworth Park, Bedfordshire. United Kingdom $16M
- [**Little Journey**](https://millionrounds.com/company/little-journey) Little Journey is a digital health start-up based in London, UK, founded in 2018 by Dr. United Kingdom $12M
- [**Camena Bioscience**](https://millionrounds.com/company/camena-bioscience) Camena Bioscience is a synthetic biology company based in Cambridge, UK, founded in 2016. United Kingdom $10M
- [**Invizius**](https://millionrounds.com/company/invizius) Invizius is a clinical-stage biotechnology company based in Edinburgh, Scotland, founded in 2018. United Kingdom $7.1M
- [**Forge Genetics**](https://millionrounds.com/company/forge-genetics) Forge Genetics is a pioneering provider of gene-editing technology. United Kingdom $3.0M
- [**Laverock Therapeutics**](https://millionrounds.com/company/laverock-therapeutics) Laverock Therapeutics is developing a gene silencing platform for the creation of programmable, allogeneic cell therapies. United Kingdom $3.0M
- [**Tagomics**](https://millionrounds.com/company/tagomics) Tagomics transform disease diagnosis through comprehensive multitopic profiling. United Kingdom $1.4M

### Healthtech

8 startups · $120M raised

- [*S* **Semble**](https://millionrounds.com/company/semble) United Kingdom $56M
- [**Sense Biodetection**](https://millionrounds.com/company/sense-biodetection) Sense Biodetection is a molecular diagnostics company. United Kingdom $37M
- [**Kinomica**](https://millionrounds.com/company/kinomica) Kinomica is a proteomic-data science and diagnostics company specialising in cell signalling. United Kingdom $7.5M
- [**Scalpel AI**](https://millionrounds.com/company/scalpel-ai) Scalpel AI is a London-based medtech start-up founded in 2017 by Dr. United Kingdom $4.9M
- [*CD* **Concepta Diagnostics**](https://millionrounds.com/company/concepta-diagnostics) Women's Health Diagnostic Company United Kingdom $4.5M
- [**Neupulse**](https://millionrounds.com/company/neupulse) Neupulse provides healthcare services. United Kingdom $4.1M
- [**SERG Technologies**](https://millionrounds.com/company/serg-technologies) SERG was founded to make the gesture control of technology accessible for everyone and easier to use than ever before. United Kingdom $4.0M
- [**Gutology**](https://millionrounds.com/company/gutology) Gutology is a UK-based microbiome health company dedicated to supporting gut and oral health. United Kingdom $2.8M

### Edtech

4 startups · $25M raised

- [**StudentCrowd**](https://millionrounds.com/company/studentcrowd) StudentCrowd is the leading decision-making platform for higher education in the UK, founded in 2015 by graduates Paul Humphreys a United Kingdom $13M
- [**HowNow**](https://millionrounds.com/company/hownow) HowNow is a B2B workforce learning and upskilling platform based in London, with a presence in Mumbai. United Kingdom $7.4M
- [**ImmuONE**](https://millionrounds.com/company/immuone) ImmuONE is a biotechnology company based in the UK, founded in 2019 as a spin-out from the University of Hertfordshire. United Kingdom $3.3M
- [**Graide**](https://millionrounds.com/company/graide) Graide is an AI-powered assessment and feedback platform that aims to enhance the marking process for educators, awarding bodies, United Kingdom $2.1M

### E-commerce

4 startups · $16M raised

- [**Warehow**](https://millionrounds.com/company/warehow) Warehow was built with your business in mind. United Kingdom $5.4M
- [**Zedify**](https://millionrounds.com/company/zedify) Zedify is a UK-based cargo bike delivery network focused on sustainable, zero-emission last-mile logistics for urban areas. United Kingdom $5.1M
- [*SC* **Symphony Commerce**](https://millionrounds.com/company/symphony-commerce) Symphony Commerce is a developer of an enterprise class end-to-end commerce platform to orchestrate multi-channel commerce. United Kingdom $2.5M
- [**Shopblocks**](https://millionrounds.com/company/shopblocks) Shopblocks is a hosted ecommerce platform. United Kingdom $2.5M

### Energy

3 startups · $81M raised

- [**Faradion**](https://millionrounds.com/company/faradion) It is already impressive IP portfolio is growing and, with a wide range of products available United Kingdom $70M
- [**ACELERON**](https://millionrounds.com/company/aceleron) ACELERON is a UK-based clean technology company founded in 2016, focused on designing and manufacturing advanced lithium-ion batte United Kingdom $11M
- [*V* **VerdEnergy**](https://millionrounds.com/company/verdenergy) VerdEnergy is the region's established supplier of ENplus & BSL biomass wood pellets, covering the area with a network of strategi United Kingdom $264K

### Manufacturing

3 startups · $42M raised

- [**RAD Propulsion**](https://millionrounds.com/company/rad-propulsion) RAD Propulsion is a marine technology company based in Sarisbury Green, Hampshire, UK, founded in 2018 by engineers Rich Daltry and Dan Hook. United Kingdom $23M
- [**Axis Spine Technologies**](https://millionrounds.com/company/axis-spine-technologies) Axis Spine Technologies is a medical device company based in the UK and the US, founded in 2016. United Kingdom $13M
- [**Thalia Design Automation**](https://millionrounds.com/company/thalia-design-automation) Thalia Design Automation provides software solutions to assist in the design of analog and mixed signal integrated circuits. United Kingdom $6.2M

### IT Services

3 startups · $7.5M raised

- [**Pimberly**](https://millionrounds.com/company/pimberly) Pimberly is a cloud-based Software as a Service (SaaS) provider specializing in Product Information Management (PIM) and Digital A United Kingdom $5.1M
- [**OneUp Sales**](https://millionrounds.com/company/oneup-sales) OneUp Sales is a sales team management & motivation platform built to transform the way we run sales teams forever. United Kingdom $1.9M
- [*F* **Flabba**](https://millionrounds.com/company/flabba) Flabba provides video communications integrated with functionality and workflows. United Kingdom $459K

### Big Data & Analytics

3 startups · $27M raised

- [**Forensic Analytics**](https://millionrounds.com/company/forensic-analytics) Forensic Analytics provides service for software, training, and consultancy. United Kingdom $21M
- [**Slingshot Simulations**](https://millionrounds.com/company/slingshot-simulations) Slingshot Simulations is an UK-based simulation-as-a-Service software company that provides tools for the automated configuration, United Kingdom $3.7M
- [**W2 Global Data Solutions**](https://millionrounds.com/company/w2-global-data-solutions) W2 Global Data Solutions is a provider of international data, software and services. United Kingdom $2.0M

**How this map is made.** Every startup here has raised money in a round we track that names Mercia Asset Management as an investor, the first in 2016. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[VC firm · United Kingdom **Antler** 376 startups · 12 sectors · $10.0B](https://millionrounds.com/portfolio-maps/antler-portfolio-map)[VC firm · United Kingdom **Index Ventures** 359 startups · 12 sectors · $75B](https://millionrounds.com/portfolio-maps/index-ventures-portfolio-map)[VC firm · United Kingdom **Innovate UK** 357 startups · 12 sectors · $4.7B](https://millionrounds.com/portfolio-maps/innovate-uk-portfolio-map)[VC firm · United Kingdom **Crowdcube** 276 startups · 12 sectors · $2.3B](https://millionrounds.com/portfolio-maps/crowdcube-portfolio-map)[VC firm · United Kingdom **GSR** 198 startups · 12 sectors · $8.0B](https://millionrounds.com/portfolio-maps/gsr-portfolio-map)[VC firm · United Kingdom **Seedcamp** 196 startups · 12 sectors · $14B](https://millionrounds.com/portfolio-maps/seedcamp-portfolio-map)

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