The creator of the record, France Digitale connects start-ups and traders to assist entrepreneurship in Europe.
4 Irish start-ups – Fenergo, Teamwork, Tines and Wayflyer – have been listed on France Digitale’s Main European Tech Scale-ups (LETS) map for 2024.
The LETS map showcases European start-ups with distinctive efficiency, created by France Digitale and supported by 32 French and European organisations together with Scale Eire.
This 12 months, in LETS’ second iteration, the map contains 251 corporations that “stand out as strong companions for his or her prospects and traders alike”, France Digitale stated in a press release at the moment (18 September).
Established in 2012, France Digitale is a number one investor affiliation that has related greater than 2,000 start-ups and traders, offering help and contacts to entrepreneurs.
The LETS map lists European firms based after 2000 that make a minimum of €10m in international annual turnover. With a purpose to qualify for the record, the businesses additionally must make a minimum of €1m exterior their home market, be based mostly and make use of a minimum of half of their workforce in Europe and be an revolutionary and scaling firm.
60pc of this 12 months’s LETS are already worthwhile and 70pc have a market attain past Europe.
LETS Irish
Fenergo is a number one fintech that secured $80m from traders together with ABN Amro Ventures and DXC Expertise again in 2020. The Dublin-based firm was based in 2008 to allow monetary establishments to streamline customer support with automation and AI.
“We’re delighted to be recognised for fostering innovation, sustaining a powerful European presence and producing important income throughout a number of markets,” stated Fenergo’s chief technique and advertising officer Stella Clarke.
Based in 2007, Cork-based Teamwork is a venture administration SaaS platform that earned $70m in its first funding spherical in 2021. Teamwork’s platform contains a suite of productiveness instruments targeted on monitoring and managing initiatives.
Tines, the no-code automation start-up based mostly in Dublin and Boston not too long ago raised $50m in an prolonged Collection B funding spherical led by Accel and Felicis. Based by Eoin Hinchy and Thomas Kinsella in 2018, Tines has been anticipated as considered one of Europe’s subsequent unicorns and is a earlier SiliconRepublic.com Begin-up of the Week.
“We’re honoured to be recognised alongside such thrilling firms, proving that Europe cannot solely lead in AI improvement however guarantee expertise serves society as an entire,” stated Tines CEO Hinchy.
And Wayflyer, the e-commerce financing start-up and considered one of Eire’s tech unicorns, secured $1bn final 12 months from US funding administration agency Neuberger Berman. Based in 2019 by Jack Pierse and Aidan Corbett, the corporate supplies e-commerce companies with loans to kick-start their enterprise or enhance money circulation in trade for a share of future earnings.
“Scale Eire is delighted that the LETS 2024 mapping recognises the success and innovation of a few of Eire’s most high-profile scaling firms,” stated Scale Eire CEO Martina Fitzgerald.
“They’re international leaders of their sectors, and their inclusion in LETS showcases not solely their attain, but additionally Irish innovation and entrepreneurship all through Europe, the US and past.”
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