Start-up lands $50m funding

Irish entrepreneur Oisín Hanrahan has landed a $50m (€45.64m) investment through his US-based home services startup, Handy.

Mr Hanrahan, a native of Dublin who is addressing the Web Summit this week, established the company along with three fellow co-founders in 2012 having dropped out of Harvard Business School to work on the project.

The Series C investment, led by Boston-based Fidelity Investments, brings the total funds raised by New York-based Handy to more than $110m and will allow it to expand outside of its current markets, Mr Hanrahan said.