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9th October 2020

Tech firm raises £700k from Mercia and MEIF roll-out AI assistants

Humley, a company which develops conversational assistants capable of manning helpdesks and answering technical enquiries, has raised £700,000 to help scale up its operationssecured the investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), Mercia’s own EIS funds and a private investor.

The funding, which follows an earlier round by private investors, brings the total raised by Humley to £1.4m and will allow the Northampton-based company to grow its customer base and revenue ahead of a planned Series A funding round next year.

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