Thursday October 29, 2020

Desmond puts another €143k into son’s KitchTech firm

The financier has invested a total of €400,000 in the company which helps restaurants deal digitally with health and safety compliance

Barry J Whyte

Chief Feature Writer

27th September, 2020
Dermot Desmond: fresh funding boost for his son Dery’s restaurant consultancy firm Picture: Shutterstock

Billionaire financier Dermot Desmond has invested a further €143,000 in his son Dery’s restaurant consultancy firm, bringing his total investment to €400,000, company documents show.

Desmond, through his IIU Investments vehicle, took part in a €200,000 fundraising by Compliance Software Systems Dmo, which is the company behind KitchTech.

KitchTech was founded last year with the aim of helping restaurants manage their health and safety compliance digitally rather than by filling out paperwork.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The online jobs platform also recorded record turnover but is wary of a potential hit to revenues as pandemic curbs recruitment

Killian Woods | 14 hours ago

LearnUpon’s cloud-based learning management system is used by more than 1,000 companies to deliver online training

Rosanna Cooney | 2 days ago

Accounts for Nick Furlong’s Vevey Management state that ‘directors expect some tenants will not be able to pay their rent’

Barry J Whyte | 4 days ago