Business
Investments into Warwick Acoustics and Axis Spine
Investments into Warwick Acoustics and Axis Spine.
About this update from Mercia Asset Management Plc
[{"type":"text","content":"\n\nRNS 13 May 2025\n \nMercia Asset Management PLC\n \n(\"Mercia\", the \"Company\" or the \"Group\")\n \nDirect Investments into Warwick Acoustics and Axis Spine\n \nMercia Asset Management PLC (AIM: MERC), the regionally focused, specialist alternative asset manager with over £1.8billion of assets under management, is pleased to announce its participation in significant funding rounds for two of its direct investment portfolio companies, Warwick Acoustics Limited (\"Warwick Acoustics\") and Axis Spine Technologies Limited (\"Axis Spine\").\n \nThese investments reflect the continued commercial progress of both companies and the potential for their respective technologies. The funding rounds also underscore their ability to attract third-party co-investors.\n \nWarwick Acoustics, which creates audio systems for the automotive and personal audio markets based on its superior sound quality and low energy technology, has secured £6.2million in new investment. This includes a direct investment of £1.0million, with the additional funding coming from Mercia's Northern VCTs, third-party investors and other existing shareholders. This additional investment will be used to fit out their new R&D and assembly facility, together with funding working capital for automotive inventory build. Following this funding round, Mercia holds a fully diluted 31.7% direct investment in ...