Software firm to boost workforce after securing €1.8m in capital

A DUBLIN software company will create jobs after securing funding of €1.8 million.

InishTech received the investment as part of a funding drive led by Cork-based venture capital firm Kernel Capital. Kernel manages the Bank of Ireland seed and early stage equity fund.

The funding consists of a €650,000 investment by the Bank of Ireland Seed Fund, a €400,000 investment by Enterprise Ireland, a €275,000 investment by the Halo Business Angel Network (HBAN), with the remainder of the funds being provided by the company’s founders.