The homegrown Summit start-ups set to peak
Are we entering a golden age for Irish startups? Is an ecosystem seeded by tech giants here starting to yield a crop of homegrown innovators?
A cursory glance at the space would seem to suggest so.
This year alone, Irish or Irish-led (US-based) tech start-ups have landed well over €100m in investment funding. And it’s more than just global superstars such as Patrick and Collison, the two Limerick brothers whose four year old Stripe online payments startup is now valued at around €2bn.
Home grown startups such as Intercom, Trustev, Kwikdesk, Cleverbug and Boxfish are just some of the ventures that have stepped into the path of serious cash investments in the tech space over the past year. Others, such as Storyful’s Mark Little or Waterford-based Feedhenry, have gone a step further, achieving exits to the tune of many millions.
And there are many more Irish-led startups abroad, such as Oisin Hanrahan’s Handy or Jules Coleman’s Hassle.com, that are shining in their markets.
Indeed, seasoned industry observers now detect a step up in the quality of some of new Irish startups
“I’m blown away by the depth and quality of startup pitches I’m seeing here right now,” said Marcus Segal, former chief operations officer for Zynga, creator of Farmville and one of the world’s largest ‘social gaming’ companies in the world.
Segal, who is now the Web Summit’s ‘entrepreneur in residence’, was a judge at a recent Dublin startup contest where hundreds entered.
“You just don’t normally see this kind of quality,” he said. “So much so that I’ve told some of them I’m interested in looking helping them and with questions they have on further funding.”
This week, hundreds of the world’s best startups will descend on the Web Summit. Here are three promising Irish ones we think are worth a look.
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