Am-Beo announces €10m fund raising

Am-Beo the Galwegian provider of rating and revenue chain management solutions for next generation services, announced today a second round funding of €10 million from the UK based Advent Venture Partners and Dublin based ACT Venture Capital.

Am-Beo the Galwegian provider of rating and revenue chain management solutions for next generation services, announced today a second round funding of €10m from the UK based Advent Venture Partners and Dublin based ACT Venture Capital.

This is the third largest fundraising in Ireland this year and the largest outside Dublin this year.

John Brady, co-founder and CEO of Am-Beo said “we will be using this funding to take advantage of the global opportunities we see for our solutions in the US, Asia and Europe. The scale of the investment from international and Irish venture capitalists in the current market is a serious endorsement for our technology and business strategy.”

Colin Forker, Associate Director of Ion Equity who were corporate finance advisors to Am-Beo on the deal said: “The best international investors continue to have a strong appetite for high quality, well-presented Irish technology opportunities”.