- Technology business investor Mercia Technologies said it had made a new £2.0m direct investment into identity verification service provider W2 Global Data Solutions.

The investment was part of a £3.0m funding round alongside the Development Bank of Wales.

Mercia said it now had a direct equity holding of 17.4% in W2 following on from initial funding rounds by Mercia's third-party managed funds.

Founded in 2011 by chief executive Warren Russell, W2 had consistently achieved over 100% year-on-year revenue growth and now employed 42 people, Mercia said.

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