In 2008 LM Technologies Ltd decided to look for an investment that would enable the company to build it’s own range of products, from designing the PCB, to testing the product at the end of production.The company had already been designing and building hardware products for the wireless industry and could foresee the big leap in demand for M2M (Machine 2 Machine) Modules, gaining investment to allow LM to be well placed in the market.
Mercia Technology, the Leading Provider of Venture Capital for Early-Stage, Technology-Based Companies. Located in the West Midlands, the Mercia Technology Seed Fund is a £12.8 million venture capital fund, focused on the West Midlands and benefiting from a mixture of public and private-sector investors.The Fund provides venture capital for early-stage technology start-ups that are located in the West Midlands. Potential investors must demonstrate their potential for rapid growth and will possess a strong proprietary position with respect to their technology, intellectual property, and products. Read more about Mercia Technologies.
The Advantage Early Growth Fund was one of the most active investors in the UK making 111 investments in 61 West Midlands based companies totalling £8.79m. Because it was a “co-investment fund” each investment had to be at least matched by private investors at the same price per share, so AEGF’s capital was matched by £21.5m from 507 private investors and a further £7.6m of bank and other institutional loans. This means that AEGF brought a total of almost £40m to early stage businesses in the region. Read more about AEGF.
LM Technologies is a key enabler of both the Internet of Things (IoT) and cable-free integrator that designs, develops and manufactures innovative wireless products using world-leading technologies and standards, including Bluetooth®, WiFi™, Sigfox, Thread and Zigbee®.
We incorporate these technologies within our Wireless Modules and Adapters, designing our own hardware, firmware and software applications, delivering solutions to global market leaders in Point of Sale, Automotive and Engineering, Banking, Computing, Vending, Healthcare, Consumer Lifestyle, Home Automation, Location, Lighting and more.