Crowd­fund­ing firm’s startup Spark

Irish Independent - Business Week - - Technology - Mur­ray Ker­chavel

IRE­LAND’S first eq­uity crowd­fund­ing provider has been launched as an “on­line Drag­ons’ Den”.

Spark, set up by Chris Burge, is aimed at those look­ing to in­vest in star­tups with small amounts of money. The min­i­mum in­vest­ment is €25.

The ser­vice is fo­cused on com­pa­nies that are con­sid­ered to be at “too early a stage” for ven­ture cap­i­tal or bank loans, ac­cord­ing to its founders.

Less than a year old, the plat­form has al­ready been used by three com­pa­nies to raise fund­ing of €130,000.

The three firms are Snap Mail, Give it Di­rect and Seren­ity & Grace.

Fleet, an Ir­ish per­son-to-per­son car shar­ing app set up by Mau­rice Sheehy, has an­nounced that it is seek­ing to raise €275k on the Spark plat­form.

The shar­ing app al­lows car own­ers and en­ter­prise clients to earn ex­tra in­come by rent­ing cars to the pub­lic from both drive­ways and fore­courts.

Sheehy says that the €275k fund­ing sought will be used for planned on­line ex­pan­sion, with the com­pany hav­ing al­ready been ap­proved by En­ter­prise Ire­land for ‘matched fund­ing’ as part of its High Po­ten­tial Start-up Pro­gramme.

The startup is rais­ing the €275,000 to value the firm at €1.1m.

Mau­rice Sheedy, CEO of Fleet, is seek­ing to raise €275k on the Spark plat­form

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