The hottest startups in Dublin
Dublin‘s business-friendly tax regime, favorable economy, and educated workforce have won over big names in tech including Google, Facebook, LinkedIn, Airbnb, Twitter, and Amazon, all of which have their EMEA headquarters in the city. Their presence has helped the city to rank in the top ten in Europe’s most recent Digital Cities Index, with the authors noting that, thanks to so many tech giants based out of Dublin’s Silicon Docks, local startups are being offered opportunities. “Unprecedented collaboration opportunities”.
Covid-19 hasn’t held back the local scene much: TechIreland chief executive John O’Dea says despite pandemic Irish tech funding topped € 1 billion for the first time in 2020 , with a record of 264 companies raising investment. More than two-thirds of that has been invested in Dublin-based businesses, as the city continues to support a thriving startup ecosystem.
Manna founder Bobby Healy is no stranger to the startup scene, having built and sold companies like Eland Technologies and CarTrawler earlier in his career. Although Manna was only founded in 2018, it has already taken the investment community by storm, with its use of drones promising to shake up the delivery industry. Atlantic Bridge, Elkstone Partners, FF Venture Capital and Frontline Ventures were among its seed investors. Greenman Investments has since joined the fray, with Manna closing another $ 25 million Series A round in April. Healy says investors have been drawn to the “possibilities of drone delivery”, while customer feedback underscores the appeal of a “safer, quieter, greener and more efficient delivery option.” Initially focused on delivering food to restaurants and dark kitchens, Manna has since branched out into groceries and drugs. Its ambition, says Healy, is to completely replace road delivery. manna.aero
Shane Curran was just 19 when he dropped out of business law to found Evervault, a data protection startup. Dubbed an encryption solution for developers, Evervault helps other businesses manage data protection by encrypting sensitive data before it reaches their applications. Even before his product was built, Curran had attracted $ 3.2million (£ 2.3million) in seed funding, with Sequoia Investments in California and Kleiner Perkins among the firm’s early backers. It has since continued to garner investor interest, raising an additional $ 16 million last year from backers including former Facebook security chief Alex Stamos. Curran says the money has flowed into the back of the company, showing that encryption can be made easier. “Businesses have always avoided encrypting data because they are afraid of making a mistake,” he says. “When they see how Evervault simplifies things, they are taken aback by the ease of encryption. For us, investor love follows developer love – on this front, things have gone well so far. The money is used to expand Evervault’s offering so that, according to Curran, developers have “the complete toolkit for building encrypted applications.” safe.com
Given the scale of the adoption of working from home in the wake of Covid-19, Boundless’s technology could not have been more timely. The startup enables employers to hire people in a compliant manner, no matter where they are in the world, which co-founder and CEO Dee Coakley says “solves a serious problem” in today’s environment. “We hear from clients in industries that would never have previously considered supporting international remote working for their teams,” she says. The company remains at an early stage, but already provides payroll and tax services in 13 countries, including Australia, Canada, Germany, New Zealand and the United Kingdom. 24 more – including the United States, Japan and Hong Kong – will be added this year, with Boundless also looking to expand its commercial offering. “Ultimately, we want to be the employment platform for your international team, which means expanding our product capabilities in areas adjacent to employment compliance, ”said Coakley. limitless.com
The coronavirus pandemic has benefited grocery delivery company Buymie, which closed two funding rounds in quick succession after seeing revenues skyrocket in the first half of 2020. The company has expanded a delivery deal with Lidl after securing € 2.2 million in funding led by Act Venture Capitale last April. This was quickly followed by a € 5.8million funding round led by Wheatsheaf Group, as well as expansion to Bristol via a partnership with Co-op. to buy.EU
Digitization may be good news for consumers, but it’s bad news for charities who rely on spare change deposited in their collection boxes. Founded by Lizzy Hayashida and William Conaghan, who came up with the idea during an MBA at Trinity College Dublin, Change Donations wants to fix it. The app links users’ debit cards to a host of charities, rounding up their purchases to the nearest euro and donating “spare currency” on their behalf. modifications.com
Dockless scooter startup Zipp Mobility may only be two years old, but it’s already expanding from the Republic of Ireland to the UK. Based at the Center for New Ventures and Entrepreneurs at University College Dublin, the organization obtained approval last year from the UK Department for Transport for electric scooter testing. The company has created four jobs in Taunton and seven in High Wycombe. zipmobility.com
Aimée-Louise Carton and Will Ben Sims met as postgraduates at Trinity College Dublin and founded the Keep Appy ‘mental health gymnasium’ after Carton experienced a mental health crisis. The wellness app combines mood tracking with other psychologist-approved features to help users identify and act on triggers for poor mental health. The start-up company raised € 250,000 in a pre-seed round from angel investors, as well as € 30,000 through a Kickstarter campaign. to keep.com
Originally designed as a digital news subscription service, Kinzen quickly evolved into a tool that scans audio and video content to prevent the spread of disinformation. Founded in 2019 by former journalists Mark Little and Áine Kerr, the company’s technology identifies organized disinformation campaigns by combining artificial intelligence and human judgment. Customers include content platforms and online marketplaces that want to avoid becoming hosts of fake news. kinzen.com
Founded in 2017, Sweepr diagnoses smart home device issues and thus reduces the need for customer support calls. Its platform uses diagnostic data from connected devices to deliver personalized in-app instructions that help resolve common technical issues. Amazon’s Alexa fund, which provides venture capital funds for the development of voice-activated technology, is one of its backers, joining its € 9million funding round last year. as a strategic investor. sweeper.com
The founders of cybersecurity firm Tines cut their teeth at organizations like eBay and DocuSign, where they learned how to automate the steps needed to respond to a range of online threats. The company quickly caught the attention of heavy-hitting investors Accel and Index Ventures, which jointly invested € 10 million just six weeks after a Series A round of funding closed in 2019. The company has just recently completed a 2019 Series A round of funding. be valued at 300 million euros after obtaining an additional 22 million euros in funds. teeth.com