I-Phyc – the Mercia-backed company behind a nature-based wastewater treatment solution – has raised a further £2.3m to establish itself as the technological leader in ‘circular’ solutions to remove wastewater contaminants.

The latest investment was led by Mellby Gård AB, a privately-owned Swedish company targeting investment in promising water technologies, and included the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund, and private investors.

‘Green’ water treatment firm raises further £2.3m – Mercia