18 Oct 2017 | 01.18 pm
Future Ticketing Secures €250,000 From Ent. Irl.
New funding too for iQuate, Rubicoin, Digit Game Studios and Perigord
18 Oct 2017 | 01.18 pm
Future Ticketing, a provider of cloud-based digital ticketing software for events, sports organisations and venues, has secured €250,000 in funding from Enterprise Ireland.
The company received a payment from the agency of €125,000 last January. An allotment document filed recently indicates that Enterprise Ireland made a further commitment in August for funding of €125,000. Founder Liam Holton (pictured) was previously sales and marketing director for Punchestown Racecourse.
In other recent funding deals:
• Rubicoin, the share tipping app founded by Emmet Savage, has raised additional equity funding of €1,390,000 this year, according to recent allotment filings. €315,000 was invested by EIIS investors in June 2017 and €1,075,000 from EIIS investors between February and July. Investors included five members of the Watts family in Cambridge, who invested €650,000.In December 2016 Tim Scanlon, Leo MacCanna and Muiris O’Grady invested €120,000, according to a September 2017 filing. Rubicoin Ltd’s August 2016 balance sheet shows equity invested of €3m. The company booked a loss of €1.3m in 2015/16, bringing accumulated losses to €1.8m
• iQuate, whose iQSonar tracks and measures software installed in a client’s data centre, has received €250,000 investment from Enterprise Ireland, having previously tapped the state agency for €930,000 between 2000 and 2016. Earlier this year the company issued shares valued at €2.2m in consideration for intellectual property acquired from peer company ApScout in Austin, Texas. iQuate Ltd booked a net profit of €2.1m in 2015, when the year-end net deficit was $3.8m.
• Digit Game Studios, the Irish games developer behind multiplayer game ‘Kings of the Realm’, has raised another $1.3m from Scopely. Earlier this year Scopely invested $2.7m, and the American firm’s total investment in Digit Game Studios now tops $7m since 2015. Scopely, based in Los Angeles, specialises in touchscreen games for smartphones and partners with games development studios such as Digit.
• Perigord, which specialises in artwork solutions for the pharma and life science industries, has received €3m equity funding from the BDO Development Capital Fund, which previously invested €2.4m in February 2016. Perigord supplies precision artwork and labelling services as well as workflow process management software to global pharmaceutical companies.
• East Coast Bakehouse, the biscuit business founded by husband and wife Michael Carey and Alison Cowzer, has received investment of €550,000 from Enterprise Ireland. The state agency previously invested €1.7m in 2015.