In recent years, the tech startup scene in Ireland has been booming, with Dublin as its centre. The city currently hosts various startups that thrive and expand its business, thanks to the supportive startup ecosystem.
Dublin offers a desirable work-life balance and great support from the Irish government for entrepreneurs. In addition, startups can get benefits from a thriving tech ecosystem driven by a robust venture capital and investor community,
Dublin has become an attractive destination for entrepreneurs and investors, especially with the looming impact of Brexit. The city is drawing top companies and entrepreneurial talent, solidifying its position as a flourishing tech hub.
Below, we present the top ten Dublin startups to watch out for in 2024.
NomuPay
Founders: Peter Burridge
Founded Year: 2021
Funding: $53.6M (€50.19M)
Hiring: Yes, check out the job opportunities here
NomuPay is a payment startup that facilitates local payment acceptance and payout disbursement across Southeast Asia, Europe, and Turkey through a simple and unified system integration.
The payment platform provides visibility and traceability throughout the payment process to payment providers, large enterprises, and complex markets. NomuPay allows for customised payouts based on an organisation’s specific payment workflows.
The Dublin-based fintech company secured $53.6M (€50.19M) funding last year, co-led by Finch Capital and Outpost Ventures.
Luma Vision
Founders: Fionn Lahart and Christoph Hennersperger
Founded Year: 2017
Funding: $22M (€20M)
Hiring: Yes, check out the job opportunities here
Luma Vision is a 4D cardiac imaging and navigation end-to-end platform based in Dublin and Munich. The medical device startup offers VERAFEYE, a tool that can be used with other catheters or systems during cardiac surgery as real-time imaging guidance.
The company secured $22M (€20M) in a Series A3 funding round last year, led by existing investors EQT Lifesciences, ABV Uni Fund, and imec.xpand.
Pulsate
Founders: Patrick Leddy
Founded Year: 2013
Funding: $7.75M (€7M)
Hiring: Yes, check out the job opportunities here
Pulsate is an end-to-end context marketing platform designed for mobile applications. It integrates both new and existing apps, offering live audience segmentation and an easy-to-use campaign builder for content delivery.
The platform leverages in-app behaviours, geofences, and beacons to initiate content delivery based on location data. Users can send personalised offers and messages in real-time, proactively delivering them at the appropriate time and location.
The company raised $7.75M (€7M) in a Series A funding round in February, backed by TruStage Ventures and Curql.
OOHPod
Founder(s): John Tuohy and Dave Field
Founded Year: 2021
Funding: €5.4M
Hiring: No
Irish startup OOHPod offers parcel lockers that can be opened for all carriers, consumers, and merchants. The web-based platform allows delivery services through parcel lockers with the capacity of a one-stop delivery service.
The parcel lockers are currently available in 114 locations in Northern Ireland. The company also plans to expand its carrier-neutral solutions into the UK, Europe and beyond.
The company raised €5.4M in a new funding round in January, led by ex-Parcel Motel and Nightline founder John Tuohy.
Coroflo
Founder(s): Helen Barry and James Travers
Founded Year: 2017
Funding: €2.8M
Hiring: No
Coroflo is a health tech startup that focuses on breastfeeding technology to help mothers measure milk supply for their babies accurately and reliably.
The company provides Coro, a silicone nipple shield that incorporates a patented micro-flow measurement system, enabling mothers to monitor the amount of breast milk their baby is ingesting.
The Dublin-based startup has closed a €2.8M funding round this February, with investment from veteran tech investor Brian Caulfield and Shemas Eivers of the Boole Syndicate.
CliniShift
Founder(s): Aimée Madden and David Wigle
Founded Year: 2016
Funding: $12.3K (€11.3K)
Hiring: No
CliniShift is an e-resourcing software suite that serves as an information and communication platform connecting hospital managers with their staff. Its primary goal is to efficiently and instantly fill non-scheduled and overtime shifts.
As a disruptive technology, CliniShift challenges the traditional dependence on expensive agency staff. The CliniShift queuing system represents a seamless approach to conveniently engaging staff members.
The company’s latest funding amount is a $12.3K (€11.3K) grant in 2018.
Sensibin
Founder(s): Seamus Devitt
Founded Year: 2019
Funding: €100K
Hiring: Yes, check job opportunities here
Sensibin is a startup that focuses on solving problems related to recycling waste. The company aims to establish a sustainable business powered by AI and Computer Vision to help resolve recycling issues at the source or the point of disposal.
In 2022, the company received €100K in funding from the Environmental Protection Agency (EPA) to help shrink the circularity loop for plastic recycling.
Little Red Edu
Founder(s): Anna Carmody
Founded Year: 2020
Funding: $58.4K (€53.5K)
Hiring: No
Little Red Edu is an education startup that focuses on helping 3-6-year-old preschool children learn and speak English. Children can learn with interactive listening and clicking games with state-of-the-art augmented reality experiences.
The digital education platform allows effective communication of a child’s progress to both the school teacher and parents, utilising high-quality speech recognition software to provide accurate real-time data.
The company secured $58.4K (€53.5K) from three investors, including Enterprise Ireland.
AREX
Founder(s): Kim Forsman, Hannu Krosing and Perttu Jalkanen
Founded Year: 2014
Funding: $10.5M (€8.8M)
Hiring: No
AREX is an online marketplace for invoice financing. Founded in 2014, the Finnish company based in Dublin serves as a platform that operates a loan for SMEs.
This platform offers an automated receivables exchange tool, transforming diverse trade receivables into a liquid, standardised asset class. This innovative approach allows businesses to generate working capital by using their sales receivables as a means to issue exchange-traded receivables.
The company secured $10.5M (€8.8M) funding in a Series A round in 2021, co-led by Mosaic Ventures and LocalGlobe.
Last year, AREX was acquired by Bankable, a banking-as-a-service provider that helps dominant financial institutions, corporations, and FinTech entrepreneurs maintain dominance in their customers’ value chains.
Fresco
Founder(s): Ben Harris, Tim Redfern, Jonny McCauley and Jack Harrison
Founded Year: 2012
Funding: $20M (€18.3M)
Hiring: Yes, check job opportunities here
Fresco is an all-in-one smart kitchen platform that offers ingredients for home cooks and delivers industry-leading smart cooking appliances for its customers. The platform was formerly known as Drop and rebranded to Fresco in 2022.
The KitchenOS software has been incorporated into the products of appliance manufacturers, including Bosch, Electrolux, Kenwood, GE Appliances, Thermomix, and Panasonic.The company secured $20M (€18.3M) in Series B funding in 2022, led by Instant Brands and Vorwerk.
Read the orginal article: https://siliconcanals.com/news/startups/10-dublin-based-startups-in-2024/
