Deciphex an Irish based technology player, applying AI in pathology, has announced the conclusion of a €2.3m equity funding and convertible debt conversion event which will empower the company to accelerate its research and development in Artificial Intelligence and ramp up market entry in preclincial/toxicologic digital pathology.
Signum Surgical, a company dedicated to developing minimally invasive technologies to treat colorectal diseases, today announced the company has secured €3.6 million ($4 million) through two grant funding awards. The grants include €2.3 million from the European Union Horizon 2020 SME Instrument, and €1.3 million from Ireland’s Disruptive Technologies Innovation Fund (DTIF). Funds from these grants will support regulatory and clinical programs leading to the commercialization of the company’s BioHealxTM device, which is designed to treat anal fistula, a painful colorectal condition that affects one in 5,000 people worldwide.
CroíValve, a medtech start-up providing a safe and effective treatment for tricuspid regurgitation, today announces that it has secured €3.2 million in an oversubscribed seed financing round. The round was led by the HBAN (Halo Business Angel Network) MedTech and Irrus Syndicates, alongside Atlantic Bridge University Fund, Enterprise Ireland, SOSV and a group of cardiologists who see the treatment’s transformative potential. The funding will support the continued development of CroíValve’s innovative technology.
Angel investment is growing in popularity as a source of early-stage funding for start-ups. Better Business looks at the relationship between company and investor and uncovers how best to strike a deal.
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTrade Ireland, today announces that its MedTech Syndicate has led a €1.1 million Series A funding round in medical device start-up, Ostoform. HBAN Angels contributed €280,000, with venture capital investor, SOSV, Enterprise Ireland, and other angel investors making up the rest of the funding round.
The Bank of Ireland Kernel Capital Early & Growth Stage Funds have invested €1.7M in Sytorus Ltd, this is in addition to simultaneous investment from Enterprise Ireland and private investors. Established by Dr. John Ghent (CEO), Mike Morrissey (COO) and Hugh Jones (CPO) in 2013, Sytorus’s flagship software ‘PrivacyEngine’ is a dynamic GDPR and Data Protection SAAS product. It provides end-to-end data protection solutions to corporate clients. The Company, with over 50 staff, is scaling rapidly and today has over 300 hundred fee paying corporate clients worldwide. Sytorus has opened offices in Stockholm and London, and this latest investment will facilitate a new office to open in Frankfurt.
Experienced investors have a vital role to play in sprinkling some magic dust on emerging enterprises
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTradeIreland, today announces that a number of the original HBAN investors in software developer Phorest have been bought out for a sum averaging 10 times their initial investment.
ProVerum Medical, a spin-off from Trinity College Dublin with a mission to improve the lives of millions of men, has closed a $4.2 million seed investment. Atlantic Bridge University Fund led the investment round with participation from Enterprise Ireland along with several Irish and American angel investors including HBAN Medtech Syndicate, Irrus Investments, Boole and Xenium Capital. The investment will allow ProVerum to commence its first human trials in 2018 and brings the company’s total funding since it was established in 2015 to €4.6 million.
Kite Medical raises funding to develop a pain-free test to detect kidney reflux in children. Investors include the HBAN MedTech Syndicate.
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTradeIreland, today announces the fastest deal done in its history. An individual HBAN angel investor transferred €50,000 to Incereb, a neonatal monitoring sensors company, just 48 hours after hearing the Irish company’s presentation.
Global Payroll Software company, Payslip, today announced a €1 million investment, led by Frontline Ventures and AIB, and leading Technology Investors, Tribal, HBAN Bloom Equity, WxNW Syndicates & Enterprise Ireland.
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTradeIreland, today announces a €300,000 investment in Kilkenny-based ND Sports Performance and its cloud-based hamstring assessment system products for hamstring injury prevention and improving athlete performance. The funding, which will lead to the creation of up to 10 new jobs, was led by HBAN’s South East Business Angel Network (SEBAN), with support from Enterprise Ireland.