Industry & Business

Atlantic Bridge confirms €140m fund in European technology companies

 Breaking News
  • Bluedrop Medical Raises €3.7 Million Investment HBAN has announced that Bluedrop Medical, a Galway-based Medical device start-up, has secured €3.7 million in funding to help manage one of the most devastating complications of diabetes – the diabetic foot. An initial seed investment of €1.2 million was led by HBAN’s MedTech Syndicate – which itself invested €340,000 in the seed round. Enterprise Ireland [...]...
  • NTR and Nord/LB Close Two Further Project Financings For a Combined €45 million NTR has successfully closed two project debt facilities back-to-back in recent weeks with Nord/LB  for a combined €45 million. The debt facilities are being used to finance the construction of two wind farms in the Republic of Ireland, both of which are expected to be fully constructed by the end of 2019 in time for awarding of the Irish government REFIT [...]...
  • Huckletree Announces European FinTech Hub in Dublin 4 Huckletree, the pan-European co-working space operator and accelerator, has announced it will open Ireland’s first fintech co-working hub in Dublin, establishing a European Fintech Hub similar to Barclays RISE, Level39 London and Lhoft Luxembourg. Located in The Oval, Ballsbridge, Dublin 4, the ambition for the fully equipped 23,500 sq ft space is to be a leading [...]...
  • Rye River Brewing Company Crowned the World’s Most Decorated Independent Craft Brewery Irish craft beer brewery, Rye River Brewing Company, has been crowned the world’s most decorated independent craft brewery at the World Beer Awards 2019. Rye River Brewing Company has achieved critical acclaim on the world stage, winning an unprecedented 21 World Beer Awards in 2019, officially making it the “World’s most decorated independent craft brewery”. The Celbridge-based brewery [...]...
  • Health Plan Technology Company Chooses Northern Ireland For New Software Engineering Centre American company HighRoads has announced that it is establishing a product development Centre of Excellence in Belfast to support its rapid growth, and the company plans to recruit at least 20 professionals over the next three years. This team will bring together experts in engineering, product management, and engineering operations to support the creation and expansion [...]...

Atlantic Bridge confirms €140m fund in European technology companies

March 31
09:24 2016

1459407417-Atlantic-Bridge_March-23-4-_512_550_c1Global Technology Fund Atlantic Bridge has launched a €140 million fund aimed at European technology companies with potential global market scalability. The Dublin-based company plans to invest in up to 20 European companies.

The fund called Atlantic Bridge III, will focus on scaling Irish and European companies in high growth enterprise technology in the areas of big data, internet of things, robotics and cloud computing.

The fund is backed by AIB, the Ireland Strategic Investment Fund and the Department of Jobs through Enterprise Ireland.

“We already have a number of pipeline investments identified for the Fund and are confident that this will build on the track record of success of our previous Funds,” explained Brian Long, managing partner of Atlantic Bridge.

“As a growth equity stage Fund, Atlantic Bridge III will focus on taking companies with a solid and exciting business model to the next level, scaling them into key international markets like the US and China.”

Atlantic Bridge is the largest indigenous Irish and one of the largest European technology funds, with offices in Dublin, London, Silicon Valley, Beijing and Hong Kong. It has led investment of over €100m inIrish companies. The latest Fund brings the total assets under management of Atlantic Bridge to €400m. Atlantic Bridge also co-manages, with its Chinese partners West Summit Capital, Summit Bridge Capital – a US$100m China Ireland Technology Fund.

Atlantic Bridge currently has over 20 companies in its funds’ portfolio and has achieved 12 realisations with proceeds totaling over €1.7bn.

Welcoming the announcement, Minister for Jobs, Enterprise and Innovation Richard Bruton TD said: “A key part of our jobs plans for the past five years has been increasing the level of funding available to fast-growing Irish companies, supporting more of them to create the jobs we need. Atlantic Bridge has been part of the suite of new funds that our plans have helped to deliver, and I have seen first-hand how the previous funds have been successful in supporting high-potential fast-growing Irish companies to expand. I am delighted to welcome this important new fund, and I wish Brian and the team every success”.

About Author

admin

admin

Related Articles

New Subscriber

Subscribe Here



Advertisements





















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4