Technology investor enjoys solid growth
Mercia Technologies has enjoyed a strong period of growth across its business as it continues to see a strong pipeline of opportunity.
Its direct investments, funds under management and the key measure of net asset value (NAV) per share all rose in the first half of its financial year. Mercia increased its pre-tax profits by 26% to £1.4m in the period.
Mercia has also revealed it has completed the first closing of a 10-year growth fund, Enterprise Ventures Growth II LP, with initial commitments totalling £45.1m.
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