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The Venture Codex

Enterprise Ireland

The Plaza, East Point Business Park, Dublin 3, D03 E5R6, Ireland

Overview

Enterprise Ireland is the government agency responsible for the development and funding of the indigenous business sector. Their mission is to accelerate the development of companies to achieve strong positions in global markets resulting in increased national and regional prosperity. It was founded in 1998 and headquartered in Dublin, Ireland.

Total investments
221
Lead investments
42
Investments · 12mo
37
Active investors
18

Sector focus

  • Enterprise Software
  • Finance
  • Venture Capital
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Investment portfolio

  • WrxFlo

    Participated · 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

    Participated · 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.

  • HR Duo

    Participated · Equity · Jun 2026

    Founded in 2013, HR Duo offers an integrated platform that combines time and attendance, rostering, employment relations and compliance intelligence as a single control point for employers with frontline or shift-based workforces. The company serves SMEs with between 100 and 1,000 employees across verticals including manufacturing, construction, healthcare, retail and hospitality. HR Duo has grown ARR sixfold since 2020, reports a gross margin of 85%, and is targeting over 41% ARR growth in the coming year. With 75% of its current sales pipeline in the UK and a dedicated operation in Birmingham, the company is focused on accelerating its UK expansion. The recent €1.6 million raise is earmarked to expand the UK sales team and strengthen its SaaS infrastructure to support scaling.

  • Hexis

    Participated · Seed · Jun 2026

    Hexis builds a personalized nutrition platform used by professional athletes and teams, integrating with major wearables and training platforms to deliver tailored nutrition guidance. The company reports working with nearly 40% of Tour de France riders and 50% of Premier League clubs, and supports eight Tour de France teams including EF Pro Cycling, INEOS and Uno-X. Hexis moved its headquarters from London to Dublin and has secured support from Enterprise Ireland. Founders David Dunne and Sam Impey draw on deep domain expertise from professional soccer, rugby, basketball and British Cycling, which drove early traction in endurance sports. The startup plans to use recent funding to advance product development, scale operations, and expand its presence in the U.S. market. No revenue or user-count figures were disclosed in the reporting.

  • Better Futures

    Led · Equity · May 2026

    Better Futures develops EVA™, an AI platform designed to generate trusted, structured and audit-ready engineering documentation by embedding regulations, standards, templates and expert knowledge into workflows. The platform targets engineering teams in regulated sectors including energy, aerospace, life sciences and advanced manufacturing that require traceable and compliant outputs at scale. Better Futures positions EVA™ as a governed AI system rather than a chatbot or agent to reduce manual review cycles and improve consistency across projects. The company is headquartered at NovaUCD in Dublin and has deployed early versions of EVA™ with customers including ABB and Bausch + Lomb. Financially, the startup has raised €600,000 in the latest round, bringing total funding to €1.1 million. Plans for the new capital include expanding product and go-to-market teams, accelerating platform development, and supporting customer growth.

Team