Bio-Marine Ingredients Ireland wants to replicate the dairy industry's success in turning milk into high-value ingredients – but with fish. A failed funding round last year led to a restructuring of the business, which its CEO says is now seeking to raise €3m.
Just months ago, Bank of America valued Marco Polo Network at €150 million. Now in liquidation, what went wrong with the company?
The deal presented as a routine private equity capital raise by the Tipperary agtech company late last year was anything but. There are big names – and big plans – involved.
By focusing on the heavy equipment niche, the Claregalway battery technology start-up has convinced investors to back its plans for a fully-fledged factory. The sums at stake had remained secret – until now.
The same-day grocery delivery start-up has raised €18m from backers. However, with the company impacted by the ending of pandemic restrictions and the cost-of-living crisis, it is set to be acquired by Dunnes Stores for a relatively small sum.
Brian McGovern had chalked up one “success” and one “failure” as a founder and went back to pen and paper to figure out his next move with his brother and business partner. The result is The Baby Academy, which has just registered its one-millionth user.
After years of cheap credit and relatively easy funding, we are now on the cusp of a new reality and start-ups will have to learn how to deal with it.
Five-year-old Iamus enlisted artificial intelligence to assist farmers in their search for efficiency and was backed by a leading family in Ireland’s chicken industry, but this has proved insufficient to bring its product to market.
Ronan Doherty was among the founders of ElectroRoute, the energy trading company fully acquired by Mitsubishi last year. He explains where his business sits in the increasingly interconnected electricity grid required to power Europe without fossil fuels.
In 2020, auditor KPMG said there was a “material uncertainty” over Irish biotech firm Nuritas. Now, having raised $45m from backers, there are no such concerns, even if its retained losses widened last year.
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