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The Venture Codex

Elkstone

76 Baggot Street Lower, Dublin, Dublin 2, D02 EK81, Ireland

Overview

Elkstone is an investment firm, focusing on entrepreneurs, senior executives, institutional LPs, the venture community, and the Irish diaspora. The objective of the organization is to boost the economic value and overall well-being of the island of Ireland by expanding a network, facilitating deserving investments, and delivering excellent investment performance.

Total investments
37
Lead investments
17
Investments · 12mo
7
Active investors
3

Sector focus

  • Financial Services
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Investment portfolio

  • WrxFlo

    Led · Equity · Jul 2026

    Founded in 2019 by former Dell manufacturing executives Tim Crowe, Ken Sheehan and Jennifer Kelly, WrxFlo builds an AI-powered digital operations platform for manufacturers and logistics operators. The platform aims to replace spreadsheets and disconnected legacy systems with a single SaaS solution that connects data, applies AI and offers actionable insights. WrxFlo serves customers across Ireland, the UK, Germany, China and the United States and has more than doubled its annual recurring revenue ahead of the latest raise. The company reports customers have achieved up to 40% reductions in operational costs and productivity improvements of around 25% on production lines. WrxFlo currently employs about 60 people and plans to expand headcount to 200 by 2028 while using new funding to accelerate UK and US expansion and further develop its platform.

  • Neurobell

    Led · Equity · Jun 2026

    NeuroBell develops LUNA, a battery-powered, WiFi-connected neonatal electroencephalogram (EEG) system that provides bedside, clinical-grade brain monitoring. LUNA features an eight-channel EEG amplifier, 10-20 EEG electrode placement for neonates, a two-button setup to begin recording, and continuous impedance checks. The system offers automated neonatal seizure detection to support quicker identification of seizures and decision-making by NICU staff. NeuroBell says LUNA enables quick setup and recording for NICU teams regardless of size or location and supports continuous monitoring at the bedside. The company is based in Cork, Ireland, and is anticipating FDA clearance in the coming months. NeuroBell raised $5.5 million in a financing led by Elkstone, with participation from Parkview Health and existing investors to support clinical deployment and U.S. market entry.

  • Overpath

    Led · Seed · Jan 2026

    Overpath is a young company that publicly announced the closing of its first external financing round. While specific details about its core product or market focus were not disclosed, company representatives emphasized a forward-looking “journey and vision ahead,” suggesting an ambition to grow rapidly on the back of this capital infusion. The firm is still in its formative stage and did not release any operating metrics such as revenue, user count, or customer traction. Leadership thanked Ross Keating and Dermot O'Connor for discussing the company’s progress, implying their active involvement in guiding strategy or evangelizing the business. The fresh seed capital will be applied to further develop the product, expand operations, and position the company for future growth. Beyond the headline figure, no additional financial or operational information has been provided.

  • equal1

    Participated · Equity · Jan 2026

    Equal1 positions itself as a “quantum semiconductor company,” building quantum processors on conventional CMOS processes so they can be fabricated in existing foundries and deployed without dilution refrigerators or specialized facilities. Its flagship product, Bell-1, is a rack-mounted quantum server designed to slide into standard data-center infrastructure and is already shipping to customers, including an installation planned for the European Space Agency’s Space HPC Center in Italy. The company’s UnityQ processor family follows a quantum-system-on-chip approach that integrates quantum and classical components on a single piece of silicon to cut cost, size, and complexity. Equal1 argues that this architecture will help alleviate power and cost constraints facing classical computing as AI workloads grow. Proceeds from the latest financing will fund broader deployments across high-performance computing centers, increase on-chip qubit counts, scale manufacturing through foundry partners, and expand headcount. Including the new raise, Equal1 has secured more than $85 million in total funding to date.

  • Lative

    Participated · Equity · Nov 2025

    Founded in 2022 in Dublin by Werner Schmidt and Laura Tortosa Sancho, Lative provides an AI-driven platform that links sales strategy to real-time execution for revenue organisations. Its software generates data-backed insights and turns them into actionable plans, helping teams plan, operate and grow more effectively. The product integrates with leading sales technology stacks, holding strategic partnerships with Salesforce, HubSpot and Snowflake. Notable customers already include Seismic, Intercom, Aiven, Avalara and Version 1, demonstrating early traction among mid-market and enterprise users. With its recent capital raise, the company intends to accelerate product development and scale commercial operations. Although no revenue or user figures were disclosed, the customer roster and partnerships suggest growing market adoption. Lative positions itself at the intersection of AI, sales tech and decision intelligence, targeting global go-to-market teams seeking data-driven planning tools.

Team