welcome to our 2017 funding review. · welcome to our 2017 funding review. techireland has mined...
TRANSCRIPT
Welcome to our 2017 funding review.
TechIreland has mined our 2017 funding data to develop this view on how and when product innovation companies in Ireland
get funded. This deck also compares TechIreland funding data to the Irish Venture Capital Association (IVCA) data Q1-Q3
2017 and we look forward to working more closely with the IVCA in the future.
This Funding Review is the first of three reports on innovation in Ireland in 2017. The Sector Review and Regions Review
will also be published this month and we hope you enjoy them.
We welcome feedback and are happy to make introductions to Irish companies for you. The underlying data for all reports is
also available for a fee.
Many thanks, [email protected]
2TechIreland Data on 2017 Funding, Sponsored by Elkstone
NOT FOR PROFITLIVE DATABASE & CONTENT
FREE + FEE BASED SERVICE
TechIreland Data on 2017 Funding, Sponsored by Elkstone 3
But first... techireland is a
1641 COMPANIES313 MULTINATIONALS
207 GLOBAL INVESTORS IN IRELAND13 INNOVATION SECTORS
AI, AR/VR, BLOCKCHAIN, IOT & SAAS DOMAINS
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we’re tracking
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Total funding tracked in 2017
largest Funding Rounds Per Quarterq1
company FUNDING
Arralis €50m
Atlantic Therapeutics €15m
Blueface €10m
q2
company FUNDING
Iterum Therapeutics €59.5m
Anord Control €40m
Plynk €25m
q3company FUNDING
Cubic Telecom €40m
Swrve €20.9m
Jobbio €9.7m
company FUNDING
TransferMate €30m
nuritas €16m
GC Aesthetics €4.2m
q4
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bff* funding tracked in 2017
BFF* = Brilliant Female Founders
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Largest BFF Funding Rounds Per Quarterq1
company FUNDING
Global Shares €4.5m
Axonista €1.7m
SoapBox Labs €1.2m
q2company FUNDING
mADme €1.3m
Popertee €500k
Nova Leah €422k
q3company FUNDING
Tandem HR Solutions €2m
WarDucks €1.3m
Homestay €750k
company FUNDING
TransferMate €30m
nuritas €16m
GC Aesthetics €4.2m
q4
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Top Sectors Funded in 2017
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top 3 sectors funded by quarter
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funding for emerging technologies
Domain No. of companies No. Funded in 2017 Total funding in 2017
ARTIFICIAL INTELLIGENCE 78 24 €79.4m
AR/VR 17 4 €4.5m
BLOCKCHAIN 12 2 €550k
INTERNET OF THINGS 116 15 €105.7m
SAAS 263 34 €61m
* Does not include rounds with undisclosed amounts.
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Total funding
q4 funding
companiesTransferMate €30 M
Nuritas €16 M
GC Aesthetics €4.2 M
H2Ozone €3 M
AutoEntry €3 M
VideoDoc €2.5 m
AYLIEN €2.2 m
Scurri €2.2 m
Linked Finance €2 m
9 WITH € 2M+ FUNDING
* Companies in pink have female founders
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How Old are 2017 funded companies?
Founded in Number of Companies Total Funding in 2017
2013 22 €101.5m
2014 27 €54m
2015 24 €123m
2016 29 €15.4m
2017 11 €2.4m
* Does not include rounds with undisclosed amounts.
A total of 183 companies received funding in 2017. 113 of them were founded in the last 5 years
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OVERALL FIGURES
IVCA TechIreland
Total funding Total Rounds Total Companies
€817 M 161 149
Total funding Total Rounds Total Companies
€506M 182 165
Techireland vs ivca funding, q1 to q3 2017
Total Funding Matching between IVCA and TechIreland in 2017 = €468 m
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IVCA NOT ON TECHIRELAND
€350 m including:
Multinationals 13
Northern Irish Companies 19
Services 9
Undisclosed funding & co’s 3
Venture rounds 24
Government support/grants 39
Pitch Competitions 5
GOVT. SUPPORT/GRANTS INCLUDE CSF, H2020, LEO SUPPORT AND OTHERS.
TECHIRELAND NOT TRACKED BY IVCA
€48.5 M including:
THE ABOVE NUMBERS DENOTE ROUNDS.
q1 to q3 2017
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quarter By IVCA By TechIreland
Q1 €246.7M €170M
Q2 €252m €217.4m
Q3 €318.5m €118.8m
Total €817m €506m
Quarter by quarter comparison
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INVESTORS in irish innovation include
NEW IN 2017
415 Investments
CyLon (Cyber London)
venBio
Sands Capital
Breed Reply
Prive-Swiss (Swiss Privee)
Canaan Partners
True Ventures
Earlybird venture capital
Most active investors
Atlantic bridge
Act
Aib seed capital
Delta partners
elkstone
Growing capital
frontline
Suir valley
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thanks to our foundation sponsors
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AND ALL OUR SPONSORS
Niamh: [email protected]
Sree: [email protected]
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