Businesses and investors have been getting busy on their way to the next phase of their investment strategies.
In the latest round of market activity, we’ve seen the launch of new shares in two companies.
The first of these, a new publicly listed technology company called the Oireachtas Innovation Alliance, has raised €2.2m from a group of investors.
Oireachtasy’s Innovation Alliance will be a “digital and technology start-up accelerator” which will help “create opportunities for Ireland’s young entrepreneurs to develop their business, raise capital and become entrepreneurs”.
The company will be headquartered in Dublin.
It has not yet raised any money.
“The technology accelerator will be designed to facilitate the launch and growth of new technologies and innovative businesses,” the company said in a statement.
“The team will work closely with a range of industry leaders and experts to develop the programme.”
It will also work with the Government on developing “innovation pathways” and “innovative business models”.
The second company, a technology firm called Oireachs, has also raised €1.9m from investors.
The company is part of the Government-owned Irish Tech Investment Fund, which is also the Government’s first investment fund in the technology sector.
While the funding round is significant, the firm says that it is still looking for funding.
Its board is led by Alan Byrne, the former head of Google Ireland and former head honcho at the European Commission.
Mr Byrne has been involved in several tech-focused fund raising rounds, including a €1m funding round last year for Oireechs.
The funding round has not been announced.
If you want to learn more about the technology and start-ups sector, there are several resources.
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