Raising funds in a high interest rate environment

Nory provides services to restaurants across the globe including the US, Middle-East and other parts of Europe, but Mr Sheridan said that 'the UK and Ireland seem to be the two markets that are struggling more than any other market we work in'

Founder of the chain of chicken eateries Mad Egg Conor Sheridan pivoted into the tech side of hospitality with his start-up Nory. Picture: Nory

Conor Sheridan has been scaling his tech start-up Nory for more than three years and, since it was founded at the start of 2021, the economic landscape has changed dramatically for fledgling businesses.

Nory, a tech business that provides restaurants with services used to scale and manage their operations more effectively, recently secured its largest round of funding to date, amid lingering inflationary pressures and high interest rates which have spooked many venture capitalist in the last two years.