Wednesday July 15, 2020

Angel investors’ faith in tech firm reaps heavenly rewards

Chief executive of Workhuman says original shareholders, after 20-year wait, will have made ‘hundreds of times’ what they put in

28th June, 2020
Eric Mosley, Chief executive of Workhuman; seed investors have made several hundred times their money from the share deal announced last week. Picture: Fergal Phillips

Seed investors who had faith in Workhuman more than 20 years ago have made several hundred times their money from the share deal announced last week, the tech firms’ chief executive has said.

Headed by Dubliner Eric Mosley, Workhuman concluded a deal to sell a 10 per cent stake to ICG, a London-based investor, for €106 million, reflecting a record €1.06 billion valuation for the business.

“The term unicorn has gathered steam over the past couple...

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