Ten of the country’s most promising tech entrepreneurs have completed the first Furthr Foundry Accelerator Programme.
New start-ups that have graduated as “investor-ready” from the Furthr Foundry’s accelerator are seeking to raise investment capital up to €4m.
On the Furthr Foundry Accelerator Programme’s final day, the participating start-ups took part in investor pitches and had one-on-one meetings with leading Irish VCs and Angel Investors.
“Our success will be measured by supporting our clients to become ‘investor ready’ to take on their first institutional investment”
During these meetings, each start-up engaged in detailed discussions about their business plans, received valuable feedback, and sought investor perspectives.
Going the distance
“If the aim of this pre-seed accelerator is to prepare start-ups for their pre-seed round, then I believe it has been successful,” said Gianni Matera, founder of Growing Capital. “Many start-ups are now ready to apply for a PSSF (Pre-Seed Start Fund), and some are even poised for an HPSU (High Performance Start-up) round.”
The ten companies who successfully completed the first Furthr Foundry Accelerator Programme were, Allocator Training Institute, Biovit Technologies, Co-Swipe, Decision Analytics, Safely, Teddlo, Hiremate, PassionFruit, Simple Probate and Workstuff.ai.
Devised by Furthr in conjunction with the programme’s key partners including Growing Capital, Microsoft’s Founder Platform and the Guinness Enterprise Centre, the Furthr Foundry Accelerator Programme sets out to support, prepare and deliver 10 investor ready high potential start-ups who will take on pre-seed investment following their successful completion of the programme.
Furthr is now planning for the next cycle of the Furthr Foundry Accelerator Programme, expected to kick off in September 2024. Tech entrepreneurs with aspirations to establish and scale their Start-Up enterprises for investment are encouraged to contact Furthr or go online for more information on the Furthr Foundry Accelerator.
“Today’s final part of the Foundry Accelerator Programme culminating in the finale day, is hopefully only the beginning of our journey in supporting your growth and in realising your ambitions for your respective businesses,” said Martin Murray, CEO at Furthr.
“Our success will be measured by supporting our clients to become ‘investor ready’ to take on their first institutional investment and myself, along with our business and investor mentorship teams, look forward to working closely with you to make this happen.”
Winner of the ‘Most Investable Start-Up’ award announced on the Finale Day as voted for by the panel of investors, was Safely, founded by Jack Manning. Safely serves commercial vehicle fleets in the US, UK, and Ireland by offering a driver safety solution that has been estimated to reduce claims by over 50%. In addition to being recognised as the ‘Most Investable Start-Up’, Safely also received a cash prize of €3,000, sponsored by Growing Capital, the leading provider of pre-seed private investment in Ireland.
Commenting on the Furthr Foundry Accelerator Programme and what the “Most Investable Start-Up’ award recognition means for his company, Jack Manning, founder of Safely, said: “It’s great to have won! It’s validation that all the hard work to date is worth it. And it really does make me believe that I can grow this business, get the investment I need to really scale it to the level I want to scale it to. So, it’s unbelievable validation, great to have won it. But the job’s only really starting I suppose.”
10 Furthr Foundry graduate businesses 2024:
| Allocator Training Institute | The Allocator Training Institute provides the first and only certification for investment and risk professionals working at pensions, endowments, foundations, sovereign wealth funds, and other similar institutional investors. We also provide the only job board exclusively focused on roles at these institutions. |
| Biovit Technologies | Biovit Technologies is a B2B food technology business that has developed a nutritional delivery system that drives the absorption of nutrients into the body by up to 70x through a proprietary nanotechnology manufacturing process. |
| Co-Swipe | A SaaS solution for digital partner marketing. Designed to simplify B2B collaborations and marketing management. The platform enables brands to control and manage all aspects of the partnership journey, including discovery/recruitment, marketing campaign planning and reporting. Brands using Co-Swipe can achieve up to a 30% increase in sales, enhance brand visibility and effortlessly expand their global reach. |
| Decision Analytics | Decision Analytics serves food processing companies in Ireland and the UK by offering business intelligence that delivers an estimated 10% increase in revenue. |
| Hiremate.com | Hiremate has developed the first integrated Hire business management and marketplace solution which simultaneously addresses the needs of not only the Hire companies themselves but also their customers who include the Construction, Project Management and Mechanical and Electrical companies. |
| PassionFruit | PassionFruit is the world’s first platform that enables creators and clubs to launch a fully branded mobile network for their fans. |
| Safely | Safely serves commercial vehicle fleets in the US, UK, and Ireland by offering a driver safety solution that has been estimated to reduce claims by over 50%. |
| Simple Probate | Simple Probate streamlines and simplifies the probate process for executors and solicitors reducing the solicitor’s workload by 45%, substantially increasing profits. |
| Teddlo | Teddlo boosts student retention in higher-ed by over 6% by addressing engagement issues, with an AI tutor that uses the professor’s content to provide 24/7 personalised, adaptive tutoring and active learning offering 80x ROI. |
| Workstuff.ai
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Workstuff.ai is a new platform designed to capture ideas and insights from your team. It enables you to align on strategy, identify growth opportunities, and leverage the collective wisdom of your employees to solve your biggest challenges. |
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