News - Midlands
New funding for Allinea
Allinea in Warwick, a specialist software developer, has completed a syndicated venture capital funding round of £400,000 after being spun out from its parent, Concurrent Thinking. The syndicated investment round was co-led by the Mercia Technology Seed Fund and the Midven-managed Advantage Growth Fund, and included investment by the management team. The Mercia Technology Seed Fund and Midven had previously supported the establishment and growth of Concurrent Thinking through consecutive investment rounds.