Syndicate helps sports nutrition firm raise €700k

Irish-founded sports nutrition company Elivar has raised €700,000 from a number of sources, including the first investment made by a new syndicate specifically aimed at the food sector.

Syndicate helps sports nutrition firm raise  €700k

The company makes sports nutrition products for athletes over the age of 35 and counts Ireland and Britain as its main markets.

It is receiving the funding via the Halo Business Angel Network’s newly created food syndicate, Enterprise Ireland, and other private investors. The investment will enable the firm to boost its staff size by 10 by the end of next year — enhancing its skills base in the areas of e-commerce, production, food science, marketing, and finance.

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