Irish Medtech CroíValve raises €14.6 million in Series B funding 

Dublin-based Furthr VC portfolio company, CroíValve, has closed a €14.6 million Series B funding round which will fund a new feasibility study for its device. The company, founded by Lucy O’Keeffe in 2019, has developed a minimally invasive device to treat defective heart valves. The funding round was led by the MedTech and Irrus angel syndicates with participation from existing investors including Furthr VC, Elkstone, Enterprise Ireland, and Atlantic Bridge University Fund. 

Proveye is among a cohort of 15 global start-ups selected for the AWS Clean Energy Accelerator 4.0 programme, Generative AI Energy Lab edition. Founded by Jerome O'Connell and Prof Nick Holden, Proveye has developed an AI-driven remote sensing platform for agricultural and environmental use. The AWS Clean Energy Accelerator is centered on the needs of enterprises looking to accelerate their energy transition through emerging technologies.

My Moves Matter, founded by Richelle Flanagan and Rene Reinbacher in 2022, aims to grow internationally following its tie-up with Enterprise Ireland. They have developed an app to help people with Parkinson's disease track their care. The app includes medication reminders while also assisting users to look at the impact of the hormonal cycle to help manage symptoms better. 

Cork-based Giyst, an innovative AI-driven video repurposing platform, launched a crowdfunding campaign on Crowcube to close out €750,000 seed round. The company, founded by Avril Power and Colm Murphy, has already raised €525,000 from angel investors and Enterprise Ireland as part of the seed round. Giyst intends to use the funding to expand its operations into the US markets, driving growth through strategic partnerships, and increased marketing and sales. 

Gclinics, an Irish start-up founded by scientist and genetic engineer Auindrilla Das, aims to make it easier to diagnose genetic diseases. Gclinics, who secured Enterprise Ireland's Pre-Seed Start Fund last month, has a diverse group of experts as its founding team. Das says Gclinics has started collaborating with leading fertility clinics and consultants in Ireland as its clinical partners.

Educatly has closed a $2.5m funding round

Educatly, founded in 2020 by Mohmmed El-Sonbaty, Joan Manuel and Dr Abdelrahman Ayman, has closed a $2.5m funding round led by TLcom Capital and Plus VC, with backing from the HBAN syndicate. Educatly aims to expand its AI ed-tech platform that helps students decide what and where to study in the Middle East and Africa markets. The platform claims to feature more than 1,100 universities across 90 countries.

Join us on September 17th, 2024 for Funding & Scaling at the Guinness Enterprise Centre, Dublin 8. These events will provide you with valuable insights such as exploring the current funding options in the Irish market, learning from successful founders who have raised investment, discussing funding opportunities for Irish start-ups, and receiving advice from investment experts and fellow entrepreneurs.  

Pitch Jam aims to provide Furthr-supported start-ups with a platform to showcase their pitching skills to industry experts and entrepreneurs. The startups, selected by Furthr, can pitch their business idea in a low-pressure environment to a panel of investors and industry experts. The audience will also have the chance to vote for the best pitch at the end of the event. Don't miss the event on the 26th Sep!

The newly launched Grow Digital allows businesses to assess their digital capability and then advise on supports available to improve their offering through digital technologies. Launched by Dara Calleary TD, Minister of State for Trade Promotion, Digital and Company Regulation, the portal provides bespoke advice and recommendations and highlights supports available from the government through agencies such as the Local Enterprise Offices, Enterprise Ireland, Údarás na Gaeltachta and IDA Ireland, alongside additional training and funding options.

The government has allocated €250m to a new round of Seed and Venture Capital Scheme. The fund, intended to fund early-stage Irish companies, will run for four years from 2025 and will be administered by Enterprise Ireland. The Seed and Venture Capital programme commenced 30 years ago and has invested over  €1.4bn in over 600 Irish owned companies. Minister for Enterprise, Trade and Employment Peter Burke said the focus of the Seed and Venture Capital scheme is the growth of the economy through new start-ups and the creation of new jobs.