raises further £850k
Summary
In particular Living Map is a leader in indoor location services, and its technology offers greater accuracy without the need for expensive additional hardware. This funding round will help Living Map continue to invest in the growth and development of the business including the launch of the digital connection service. With the opportunities that are available to us across our key industry verticals and armed with the technology to realise them, we anticipate an incredibly exciting period in the business’s development next year and beyond.” Mercia was investing from its EIS funds under management. Mercia has a strong UK regional footprint through its eight offices, 19 university partnerships and extensive personal networks, providing it with access to high-quality deal flow. The Group raises its own Venture Capital Trusts (VCTs) and Enterprise Investment Scheme (EIS) Funds and details about open offers can be found through Mercia’s website.