Law firm Mills & Reeve has advised the West Midlands-based Mercia Technology Seed Fund on four deals, as well as its admission of a new investor, Keele University.
It brings the total number of the region's universities participating in the fund to eight, including Birmingham, Warwick and Aston.
The first investments saw Mercia join forces with communications solutions company Datasat to invest in Scyron, a security and surveillance services business based at Longbridge Technology Park in Birmingham. Scyron has patented a new type of intelligent CCTV surveillance system.
Then there was an investment in University of Birmingham spinout, Celentyx, a pharmaceutical research and development company.
In February Mercia ventured into the data analysis field, investing in Opscape, a software company developing products to spot patterns or anomalies in large volumes of complex, rapidly-changing data. Opscape is a spinout from the University of Warwick.
And in March, it completed an investment into nanoTherics, a medical devices business spinout from Keele University and the University of Florida.