Following its €1.5m increase in 2024, GEC resident start-up Examfly is now pursuing worldwide progress.
Corporations primarily based at Dublin’s start-up hub Guinness Enterprise Centre (GEC) raised a collective €22.5m in funding final yr.
The non-profit GEC hosts 160 Irish start-ups using greater than 750 individuals. Fundraising rounds for resident firms diversified in sizes, from €25,000 to as much as €8m.
Furthermore, the start-ups managed to assemble investments from a mix of sources, together with enterprise capitals, non-public traders and Authorities grants.
Edtech start-up Examfly, a GEC-based firm, raised €1.5m in a seed funding spherical final yr. The beginning-up builds interactive studying applied sciences for anybody making ready for skilled exams in finance, accounting or taxation, in addition to steady coaching and improvement for workers.
The corporate’s founder Deirdre Lyons stated that being a member of the GEC ecosystem performed a task in Examfly’s profitable funding spherical final yr. The beginning-up is now pursuing worldwide progress.
Different GEC firms that raised funds final yr embrace City Fox, a fraud prevention tech start-up which raised €8m, and accessibility start-up Mobility Mojo, which raised €4.2m.
MoveAhead, a start-up that builds a movement monitoring and motion analytics engine for kids, raised €1.5m.
GEC was established in 2000 by alcoholic beverage firm Diageo, Dublin Metropolis Council, Dublin Metropolis Native Enterprise Workplace, Enterprise Eire and Furthr.
Following a €10m enlargement introduced in 2019, the start-up incubation centre now spans 95,000 sq ft. The resident firms are supplied with help with grant purposes, mentoring and professional bono advisory.
“We’re dwelling to Eire’s largest start-up campus,” stated Niamh Collins, the centre director at GEC.
“It’s massively rewarding that the GEC can present an ecosystem for therefore a lot of our resident firms to realize fundraising success. That is significantly spectacular on condition that smaller funding rounds have been typically fewer in 2024 than they have been the earlier yr.”
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