Investing

Investment firm Elkstone raises €5 million, expresses confidence in Irish tech start-ups

The funds have been raised from clients of the Dublin-based investment fund, including Pat McCann the founder of Dalata who is Elkstone’s chair

Alan Merriman, CEO of Elkstone, said the company wants to expand its reach globally. Picture: Bryan Meade

Elkstone, a Dublin-headquartered investment business, has raised €5 million from its clients, including Pat McCann the founder of Dalata, to aid its own investments and to fund its expansion plans.

The business intends to open an office in the North as part of its expansion.

Alan Merriman, chief executive and founder of Elkstone, told the Business Post: “In essence, we’re using that money to allow us to invest alongside our clients. If we’re encouraging our ...