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Full coverage: Start-ups

A $200m valuation, a $100m earn-out and a plan for an IPO: Inside Glofox’s knock-out deal

The value negotiated by the Irish founders of gym software firm Glofox for its acquisition by US-based ABC Fitness is a remarkable achievement for a company forced to retrench by Covid-19 just two years ago. Yet it is only a step on the journey now sketched out for the business.

T. Lyons and T. Hubert
4th Aug, 2022 - 5 min read

From Mariana Mazzucato to education, European innovation is in crisis: An essay by Sinead O’Sullivan

Most of Europe is not creating the right people who can build things. Meanwhile, the European government funding ecosystem is broken and following the wrong strategy. So, let’s not continue to kid ourselves that everything is okay.

Sinead O'Sullivan
18th Jul, 2022 - 12 min read

A “departing founder” and an investor takeover in exchange for “services”: What happened at Microgen Biotech?

The Carlow-based university spin-out harnessing bacteria to clean up polluted soils has just changed its name to Talam Biotech. Behind the scenes, the company has undergone a lot more than rebranding.

Thomas Hubert
14th Jul, 2022 - 7 min read

From banking to brewing: “At some point you have to go all in to make it work – or you’re just dabbling”

Barry O'Neill and his two brothers jettisoned corporate careers to launch a brewery. Less than a decade later, O Brother Brewing is exporting to nine countries and growing at 30% a year. The former banker talks strategy, missteps, and future expansion.

Devin Seán Martin
11th Jul, 2022 - 8 min read

Stellar growth, rapid-fire funding rounds and rising valuations: 12 graphs that tell the story of LetsGetChecked

Peter Foley's at-home testing company is scaling at warp speed and became a unicorn last year. But just how did it reach such a hefty valuation so quickly, and what do we know about its underlying financial performance?

Ian Kehoe
7th Jul, 2022 - 4 min read

Sean Keyes on investing: The state’s share option scheme is broken and must be fixed

The Keep scheme is currently under review again. This time, however, the changes need to be wide-ranging and designed to ensure the scheme is simple and effective. And, unlike with the last review, the changes need to be implemented.

Sean Keyes
22nd Jun, 2022 - 4 min read

Partnering for zero-trust: Ekco’s acquisition drive continues with deal for hacker buster Kontex

The Malahide-based cloud provider Ekco has bought a second leading Irish cybersecurity firm. It now employs 420 people in Europe, and has bigger growth plans.

Tom Lyons
22nd Jun, 2022 - 4 min read

The tech giants are bleeding. The knock-on effect on start-ups could be worse

Irish founders are facing a more benign funding market so far than their continental and North American counterparts. However, with international VC funds and tech darlings under strain, it remains unclear how long this will last.

Constantin Gurdgiev
21st Jun, 2022 - 9 min read

Its assets sold through a pre-pack receivership, Pharmapod is now calling in a liquidator

Pharmapod’s assets were sold last year through a pre-pack receivership for around €1.5m. Now, creditors of the Irish software company are poised to wind up the remnants of the company.

Ian Kehoe
17th Jun, 2022 - 4 min read

Having weathered patent battles, boardroom disputes and failed buyouts, Pat Alley is ready to turn plastic into wax

Entrepreneur Pat Alley has spent three years fighting on multiple fronts. Yet his enthusiasm for Trifol, a potentially game-changing business that turns end-of-life plastic into wax, remains undimmed.

Tom Lyons
25th May, 2022 - 9 min read
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