PayPal backs Irish startup Pulsate in funding round

Irish startup Pulsate has gained the backing of global payments company PayPal as well as government agencies and a leading investment fund as part of a $1.5m (€1.34m) funding round.

The Dublin-headquartered mobile marketing software company founded by Patrick Leddy has closed the round with investment from seed-stage venture capital firm Dunnhumby Ventures, Enterprise Ireland and Delta Partners’ Bank of Ireland Seed Fund.

A number of high-profile investors also participated in the funding round which Pulsate will use to help the company’s expansion, particularly in the US.