The tech startup ecosystem in Ireland is booming in recent years. One reason for the same is the work-life balance in the country. Besides this, the Irish government supports the growth of tech startups with its Enterprise Ireland agency and benefits such as a strong research ecosystem, aspirational entrepreneurs, and a flourishing environment. And, the country has a strong venture capital and investor community.
Latest Irish tech startups funding rounds
Eventually, many Irish startups have secured funding of late to help expand their market presence and fuel their growth. This includes aspirational startups specialised in e-commerce, cybersecurity, and medtech among others. Without further ado, we at Silicon Canals showcase the coolest Irish tech startups that have secured funding recently as sourced from Dealroom.
Founder/s: Rory O’Connor
Founded year: 2010
Total funding: €9.2 million
Scurri is a software provider that works with the intention to connect and optimise e-commerce ordering, shipping as well as delivery processes. It helps businesses ship their products all over the world via its network of carrier integration. During the pandemic crisis and subsequent lockdown restrictions, the startup witnessed a 55% surge in delivery volumes.
In a recent move, Scurri just announced that it has secured an additional €1.5 million investment from a group of existing investors including Act Venture Capital, Pa Nolan, Episode 1, and others. The company will use this investment to support its growth.
Founder/s: Sami Issa, Wael Aburida, Maggie Love
Founded year: 2018
Total funding: €18.6 million
Dublin-based W3BCLOUD is a joint venture between Advanced Micro Devices (AMD) and ConsenSyS. This company is building a global network of high-performance data centres to enable Web 3.0 and blockchain economy.
Recently, W3BCLOUD announced its initial close of $20.5 million (nearly €18.2 million) in convertible notes. The funding round was led by AMD, ConsenSys along with several family offices in the UAE. This startup intends to use the investment to ramp up and operate its first Ethereum blockchain data centres.
Founder/s: Nick Barry, Alan Barry, Xavier Montibert
Founded year: 2017
Total funding: €1.1 million
Dublin-based PlasmaBound has developed its patented technology called controlled polymer ablation that helps industrial manufacturers achieve light-weighting goals, minimise waste, and reduce carbon emissions. It is a University College Dublin spin-out, which aims to enable global manufacturing industries to reduce their carbon emissions and increase fuel efficiency.
Late last month, PlasmaBound bagged €1.1 million investment led by Atlantic Bridge University Fund along with participation from Enterprise Ireland and other private investors. It will use the investment for its novel surface treatment technology.
Founder/s: Fionn Lahart, Christoph Hennersperger
Founded year: 2017
Total funding: €11 million
Irish medical device startup OneProjects specialises in cardiac imaging innovations. The innovative medtech company develops next-generation connected intra-vascular medical devices. The AI-powered devices are touted to treat cardiac arrhythmia. While this company is headquartered in Dublin, a majority of its R&D activities happen in Munich.
In a recent move, the Irish medtech startup has raised €11 million Series A funding led by LSP, an investment from LSP Health Economics Fund 2 along with participation from Atlantic Bridge University Fund, Enterprise Ireland, and a slew of medtech entrepreneurs. This investment will help OneProjects expand its team in Dublin and Munich and advance its product development.
Founder/s: Charlie Gleeson
Founded year: 2019
Total funding: €300k
Zipp Mobility is a dockless scooter sharing company that intends to reduce congestion and greenhouse gas emissions. This is possible with its portfolio of affordable micro-mobility solutions that improve the quality of the commute of its users.
A few days back, Zipp Mobility raised €300k seed investment led by London-based VC and private angel investors. The e-scooter startup will use this investment to scaleup its team that comprises of six people for now to 10 or 15. It will also prepare for its launch in Ireland and the UK.
Founder/s: Derek Mooney, Pat Maloney
Founded year: 1981
Total funding: €3.6 million
Dublin-based security business Action24 has been delivering intelligent security solutions such as intruder alarms, access control solutions, and CCTV. Now, the security solution provider has secured €3.6 million funding from BGF to help support its next phase of growth. Besides the investment, Conor Sheahan, an experienced investor has joined Action24 as its chairman and also invested in it. Also, Mark Sykes and Jack O’Kelly from BGF join the Action24 board.
Founder/s: Alan Holland
Founded year: 2012
Total funding: €17.1 million
Irish startup Keelvar is an advanced AI-driven e-sourcing software for supply chains. This company provides large enterprises with Advanced Sourcing Optimisation software and Intelligent Sourcing Automation that deploys Artificial Intelligence to automate the tactical buying processes.
Back in June 2020, Keelvar secured €16 million Series A funding in a round led by Elephant and Mosaic Ventures along with participation from Paua Ventures. The investment will be used to expand its solution that automates supply chains across Europe and the US.
Founder/s: Eoin Keary, Rahim Jina
Founded year: 2011
Total funding: €11.3 million
edgescan provides cybersecurity intelligence, assessment, and more to companies across industries such as healthcare, media, financial services, and retail. Using the latest technologies, this company provides high-class vulnerability management along with expert manual validation for each vulnerability. It ensures to provide safe digital experiences to customers and partners.
Recently, edgescan secured €10.5 million investment from BGF in return for a minority stake. This investment will be used to speed up the cybersecurity startup’s international expansion and product development. Besides BGF, Bernie Waldron, a former IBM senior executive invested in the company and joined its board.
Founder/s: Artavazd Sokhikyan, Devan Hughes
Founded year: 2015
Total funding: €10.7 million
Buymie, an Irish online grocery delivery startup provides same-day grocery delivery. The company works with the mission to minimise the environmental impact caused by grocery shopping. Buymie has signed a deal with Lidl Ireland in an attempt to rollout its services across all major cities in Ireland.
In June this year, Buymie announced that it has bagged €5.8 million funding led by Wheatsheaf Group along with existing investors including Act Venture Capital, Haatch Ventures, HBAN, and Sure Valley Ventures and other notable investors. The same-day grocery delivery startup will use this investment to accelerate its expansion in Ireland and the UK.
Main image picture credits: Zipp Mobility