Business Irish

Monday 20 November 2017

Fan Footage gearing up for €10m funding round

Fan Footage is a crowd-sourcing platform to which fans at either concerts or sports events can upload their videos
Fan Footage is a crowd-sourcing platform to which fans at either concerts or sports events can upload their videos

Paul O'Donoghue

Irish tech start-up Fan Footage is gearing up for a Series A funding round in the next year in which it hopes to raise as much as €10m.

The Dublin-based firm is a crowd-sourcing platform to which fans at either concerts or sports events can upload their videos of the occasion where they are synced with professionally recorded audio.

Fan Footage then creates a complete video of the song or event using the best uploads.

The company has already teamed up with the likes of Kodaline and Linkin Park and is looking to move more into sports events, having recently started working with Leinster Rugby.

CEO and co-founder Cathal Furey said that the company is now looking at a seed funding round to raise between €1m-€1.5m to gear up for a Series A funding round within 12 months to fuel furher expansion.

"We would want to do €5m-€10m," he said. "Whether we do it organically or do a seed round, the aim is to do a Series A closing at the end of 2015 or early 2016.

Paypal takes stake in Dublin start-up Pulsate

The CEO of Irish tech startup Pulsate has described Paypal's investment in his fledgling company as  the "the biggest vote of confidence that we could  ever dream of".

Pulsate is a Dublin-based mobile marketing company with 15 employees which helps companies deliver content based on a user's location and preferences.

The 18-month-old startup has just received a cash injection of $1.2m (€1.06m) in a funding round led by Delta Partners, landing investment from UK marketing research firm Dunnhumby and US e-commerce giant PayPal.

Patrick Leddy, CEO of Pulsate, says that he was blown away by PayPal's investment. "I can't think of anyone else who I would want investment from more than them", he said.

Mr Leddy had been in talks with PayPal for several months before the deal was offically signed, first jetting out to give a talk on mobile marketing in their HQ last year after the US giant rang "literally out of the blue".

Mr Leddy then received a call from several staff from the company interested in investing. He said: "The first call that I dialled into, there was something like 17 people on the line so I knew that something was up"

He added: "After that initial call I was was meeting with them every three weeks, top executives from the company.It was a bit daunting. We have a background in tech and business so we're not total newbies, but at the same time this was a new level for us."

The company already counts several prominent companies among its users, including Coors Light and UK department store Selfridges. Mr Leddy says that the firm is now looking to scale up in 2015, adding: "We're looking to grow the revenues of the company and radically grow the client base."

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