'Angels' spread out
THE country's biggest investment angel organisation says that its registered investors have spent €25m on 139 Irish deals since 2007, in an average of €180,000 per deal. The Halo Business Angel Partnership (HBAP) says that the organisation's 'investment angels' spent €4.5m on 29 deals in 2013, a rise on the 25 deals completed in 2012. Irish angel investors achieved a 700pc return from the sale of funded companies in Ireland in the first three months of 2014, it claims. And €264m was invested by business angels on the island of Ireland in 2012, a figure it says is up by 7pc on 2011.
O2'S START-UP accelerator facility Wayra Ireland is seeking six new tech start-ups for its office centres in Dublin's docklands. The start-ups will get "early stage investment" as well as work space and extra support for commercialisation. Since its launch in September 2012, O2 says that Wayra has processed 21 start-ups that have raised more than €6m in funding. Entrepreneurs with tech start-up ideas can apply for a place in Wayra Ireland until June 8 at www.wayra.org/joinus. Irish start-ups can also apply to one of seven other Wayra centres currently offering places in Madrid, Barcelona, Munich, Mexico City, Buenos Aires, Lima or Santiago de Chile.
NET GAINS IN CORK
THE Cork Internet Exchange (CIX) is to double the size of its current data capacity, creating 10 extra jobs. The move brings investment in the exchange to almost €5m, according to a spokesman. Established in 2008, CIX provides wholesale internet services to Munster homes and businesses. It is also a connectivity centre for inbound and outbound IP traffic in the region.
'FIXED PRICE' VOW
VODAFONE Ireland has confirmed that it has a fixed price agreement in place for all pay monthly customers. The operator said that fixed price customers were not subject to any price increases in their monthly line rental within their pay monthly bundle for the duration of their contract term. Last week, Vodafone's sister operator in the UK introduced a 'fixed price promise' of the same nature.