Ireland Quietest Unicorn Acquires Again 🦄

The DIA Dispatch #6

👋 Welcome to the DIA Dispatch📫, your weekly round-up of Irish tech news from across the globe.

Did someone forward you this email? Subscribe 👇

Do you ever come across a tech business and think, 'God, they are very impressive. How do they not have a higher profile?'

For me, Limerick-based AMCS Group fits that bill. The waste and recycling tech company doesn’t seem to get as much coverage as many other tech companies in 'sexier' areas.

Having just completed their 18th global acquisition recently, they are the world’s largest supplier of software for this gigantic industry. The company, which has hundreds of millions of euros in revenue, is undoubtedly a unicorn but seems to prefer to fly under the radar and build an incredibly impressive global business.

Keep scrolling to check out the full story below, alongside other global Irish tech stories that caught my eye this week.

  • Irish VC Tackles the Sci-fi side of the start-up world 🛰️

  • Inside the mind of Ireland’s Startup Leaders 🧠

  • AMCS strengthens its Environmental commitment with the acquisition of FigBytes Inc. 🇨🇦 ♻️

  • Game On! Kitman Labs and The Premier League Kick-Off Partnership ⚽ 🇬🇧

  • Irish Founded Fintech Pioneer Trade Ledger Celebrates Major Milestone 🏦🇮🇪

Enjoy! ☕

Irish VC Tackles the Sci-fi side of the start-up world 🛰️

Wait, is this even possible?

Fundraising is hard for every startup, but only deep-tech startups face questions like this from VCs. This is the area of expertise for Irish Space and Deep tech venture capitalist Maureen Haverty covered in her recent TechCrunch article.

Maureen Haverty is the principal investor at London-based Seraphim Space Manager LLP. She joined the business following a successful career in the space industry, working as COO at Apollo Fusion, a space startup sold for $145 million. Maureen holds a PhD in Nuclear Engineering from The University of Manchester after completing her early studies at University College Cork.

Check out the full article:

Inside the mind of Ireland’s Startup Leaders 🧠

Enjoy this great podcast where the Founders of Stripe, John and Patrick Collision provide some incredible insights into how they built Stripe to be the company with ironically the most Irish-sounding host in Patrick O’Shaughnessy.

They talk about setting a strategy and culture that attracts ambition, why the returns to sweating the details are high, and how they view Stripe’s progress against their mission to increase the GDP of the internet.

If you’ve been living under a rock for the last decade, Stripe is a technology company that provides payment processing solutions for online businesses. It was founded by the Limerick brothers, Patrick and John Collison. The company was established in 2010, and since then, it has become the dominant player in the global payments industry. Check out the pod:

AMCS strengthens its Environmental commitment with the acquisition of FigBytes 🇨🇦 ♻️

AMCS is a global leader in integrated software and vehicle technology for the environmental, waste, recycling, and resource industries. With a presence in over 22 countries and is HQ’d in Limerick.

In their latest move to strengthen their Environmental, Social, and Governance (ESG) commitment, AMCS has acquired FigBytes Inc., creators of the leading Sustainability Platform for impact-focused organizations. This strategic move, following their acquisition of German company Quentic in 2022, further demonstrates their dedication to providing innovative solutions for their customers.

"Delighted to welcome FigBytes to the fold. FigBytes has a truly innovative solution, which I firmly believe will be a major addition to our customers. As we together drive towards a Net Zero future and a truly circular economy." This quote highlights the shared vision between AMCS and FigBytes in driving sustainability in a rapidly changing world.

CEO Jimmy Martin expressed his enthusiasm about the acquisition

AMCS are no stranger to the Acquisition game, having completed 18 in many global regions since its inception in 2002. Aside from their impressive record of acquisitions, AMCS Group has raised a total of $101.7M in funding over 6 rounds. Their latest funding was raised on Apr 29, 2018, from a Series D round.

H/T 🎩: I Love Limerick

Game On! Kitman Labs and The Premier League Kick-Off Partnership ⚽ 🇬🇧

In this groundbreaking collaboration, Kitman Labs is set to deliver its state-of-the-art "Football Intelligence Platform" to all Premier League and English Football League (EFL) club academies. This platform is designed to centralize data, covering player statistics, injury numbers, coaching metrics, and more, all accessible in real time.

Kitman has established partnerships with top-tier football clubs worldwide, including Bayer 04 Leverkusen and Columbus Crew (pictured). Additionally, their reach extends into the realm of rugby, where they've partnered with renowned teams such as world champions South Africa Rugby and the English Rugby Union, among others.

Co-founded by Iarfhlaith Kelly and Stephen Smith in 2012, the business has 200 employees globally and successfully raised $76.5 million in funding to date. With their most recent Series C funding round of $52 million closing in November 2021.

We cant wait to see them dominate the global sports tech industry.


H/T 🎩: The Irish Times

Irish Founded Fintech Pioneer Trade Ledger Celebrates Major Milestone 🏦🇮🇪

Congratulations to Martin McCann and the team as they celebrate their 7th birthday, having launched the startup in Sydney on this day in 2016. 🇦🇺

Trade Ledger's Lending-as-a-service platform brings together all the data that business lenders need throughout the customer lifecycle, analyzes that data, and automates key processes.

From inception, the business made a splash in 2018 by winning Barclays' first-ever Open Innovation Challenge, beating 9 other fintechs and beginning a relationship that led to Barclays investing in Trade Ledger in 2023.

Impressively, Trade Ledger has partnered with some of the world's best-known finance brands, including HSBC, NORD/LB, and Virgin Money, to revolutionise how they lend to their customers.

In more recent years, Martin moved to the UK 🇬🇧 to launch the business in Europe and the States 🇺🇸. From there, the group raised their Series A of £13.5M in 2021 and now employs 40 people globally.

An incredible example of an Irish Founder making their mark across the globe. Here's to many more years. 🤝

The Founders back where it all began

If you enjoy our newsletters or see a story about someone you know? Share it with your friends and family - It’s the best way to help us grow 🚀

Reply

or to participate.