Industry & Business

HBAN Syndicate Invests €300,000 in HamstringSolo

 Breaking News
  • Arkphire Secures New Investment IT solutions and networking company, Arkphire, has announced that Bregal Milestone, a private capital firm, has completed an investment into the business. The investment by Bregal Milestone comes from their new €400 million pan-European fund dedicated to investing in high-growth European companies. Typical commitments from Bregal Milestone range from €20 million to €60 million. Arkphire provides [...]...
  • Government Investment in Research & Development Amounts to Over €750 Million in 2018 The latest figures on Government investment in research and development (R&D), published by the Department of Business, Enterprise and Innovation, show that over €750 million is estimated to have been invested in R&D in 2018. The data in The Research and Development Budget 2017-2018 publication is compiled from a comprehensive survey of thirty Government Departments [...]...
  • Smart Dublin in Partnership With Enterprise Ireland Award 21 New Innovation Contracts Approximately €700,000 is to be awarded to companies under Enterprise Ireland’s Small Business Innovation Research (SBIR) initiative which will enable them explore innovative solutions to address challenges faced by Local Authorities. 21 companies have been awarded Phase One funding to progress the feasibility of their solutions. Phase One funding will allow each recipient to carry [...]...
  • Tourism Industry Barometer Reflects Buoyant Year But Hints at Brexit Concerns Tourism performance throughout 2018 continues to be on a strong footing, according to the latest Fáilte Ireland Tourism Barometer. The survey of more than 500 tourism businesses around the country shows over half of the tourism industry is reporting their business to be up, with two thirds (64%) saying that tourism agency supports have been [...]...
  • Glanbia to Acquire SlimFast For $350 Million Glanbia, the global nutrition group, has agreed to acquire SlimFast and other brands for $350 million from the owners KSF Holdings LLP and HNS Intermediate Corporation. SlimFast is a leading weight management and health & wellness brand family distributed primarily in the food, drug, mass and club (FDMC) channel in the US and UK. It [...]...

HBAN Syndicate Invests €300,000 in HamstringSolo

HBAN Syndicate Invests €300,000 in HamstringSolo
February 05
09:06 2018

HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTradeIreland, has announced a €300,000 investment in Kilkenny-based ND Sports Performance and its cloud-based hamstring assessment system products for hamstring injury prevention and improving athlete performance. The funding, which will lead to the creation of up to 10 new jobs, was led by HBAN’s South East Business Angel Network (SEBAN), with support from Enterprise Ireland.

The new roles will be in research and development, customer support, sales and marketing as the company targets further expansion in Ireland and into international markets including the UK, Europe and the US.

Some of the top teams and universities in Ireland, the UK, Europe and the US are currently using the HamstringSolo devices. These include European rugby champions Saracens RFC, Leicester Tigers, and a number of English premier league clubs including West Bromwich Albion, as well as a host of All-Ireland champion GAA teams, the recent League and FAI cup winners Cork City FC. ND Sports Performance is the official hamstring assessment system suppliers to the English Institute of Sport (EIS), the largest sporting organisation in the UK, on an exclusive basis. The EIS have trialled competitor products but chose the HamstringSolo range.

In 2012, a hamstring injury prevented Noel Doherty from winning a third Intermediate Hurling All-Ireland with Kilkenny. Using his background in design and engineering, Noel developed the HamstringSolo Pro exercise aid which enables athletes to train effectively by safely performing a range of high-tension exercises that improve hamstring performance and resilience.

Sensors on the HamstringSolo Elite device collate data that is stored on a cloud-based platform. A multi-functional app provides instantaneous, user-friendly and readily exportable feedback which allows medical staff to manage rehab, evaluate training effectiveness, monitor fatigue, set goals and identify athletes at risk of injury. The device also collects information over multiple sessions to build player/athlete profiles.

Speaking about the announcement, Noel Doherty said: “The HBAN-backed SEBAN investment will enable us to grow the business and capitalise on the interest in the HamstringSolo Pro and Elite products in export markets like the UK and the US. Not only will the funding allow us to employ more people, but we also get the benefit of our investors’ experience and knowledge.

“Hamstrings are one of the most frequently injured muscle groups in all levels of sport, from amateur to professional. These injuries can be extremely costly to clubs and organisations, not just financially but also in terms of lost game and training time. Previous hamstring injury increases vulnerability to future injury, consequently reducing long-term career potential. Historically, hamstring resilience and rehabilitation was limited by a lack of practical assessment and monitoring tools, however the HamstringSolo range ensures that this is no longer the case.”

Aidan Shine, HBAN Coordinator for South East Region, a joint initiative of InterTradeIreland and Enterprise Ireland, said: “The number of regionally based angel investors has surged in the last number of years and we’ve seen a significant increase in the level of investment in regional start-ups. HBAN’s South East Syndicate recently announced plans to invest €10 million in start-ups from the region over the next three years. HamstringSolo is a great example of the type of company that HBAN identified as a high potential start-ups that went on to successfully present to HBAN angels.”

HBAN’s South East Syndicate is currently on the look-out for more business angels to invest in high-potential start-ups like HamstringSolo. HBAN will hold its National Conference, Quality deal flow and leveraging the HBAN network, on Thursday 8th February in the Royal Hospital, Kilmainham. The event is Ireland’s only angel investment-focused national conference and is targeted at new angels who are looking for structured and quality deal flow. The event will also be of interest to those looking to invest and create de-risked portfolios with likeminded investors through syndicates. For more information, visit www.hban.org/conference.

The conference is open to non-HBAN members who want to see how the HBAN network works, connect with HBAN angels and listen to pitches from high-potential start-ups. Tickets for the conference are priced at €50 (free for members of HBAN) and are available now.

CAPTION:

Pictured at WIT Arena are (L-R): Noel Doherty, founder, ND Sports Performance; Aidan Shine, HBAN Coordinator for South East Region; with Michelle Freany from WIT Arena.

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