€1.6m funding for web service firm

DUBLIN-headquartered web management company Terminal Four has received €1.6 million in funding that will be used to expand its international presence, staff numbers and sales network.

The money comes from three sources – roughly €1m from the NCB Ventures-managed Ulster Bank/Diageo Venture Fund and the remainder from the AIB Seed Capital Fund (which is managed by the Dublin Business Innovation Centre) and through grant aid from Enterprise Ireland.

The NCB-managed fund will take an unspecified double-digit percentage equity stake in Terminal Four as a result of the investment.