Fair deal: Fairy Door secures €1.5m for international expansion
The Irish Fairy Door Company has secured funding of €1.5m to accelerate the firm's planned international expansion.
The fresh investment follows the Dublin company last month signing a 'game changer' global animation deal with Canadian firm DHX Media that is to create animated characters from the Irish Fairy Door's host of fairy characters.
The firm is anticipating that sales of its flagship product, the Irish Fairy Door, will be up 20pc this year on 2017 and CEO Oisín Barry said the €1.5m funding "will accelerate success well into the future".
The €1.5m in funding comes from the The Davy EIl Tax Relief Fund 2017 which is managed by BES Management DAC, the joint venture company owned by Davy and BDO, which manages the Davy EII Funds.