Funding

Deciphex lands €10m venture debt financing to boost growth

The start-up’s clients include the National Health Service, for whom it has analysed over 50,000 cases remotely

Donal O'Shea, chief executive, Deciphex. ‘Our focus is to become a global player in pathology diagnostics.’ Picture: Fergal Phillips

Deciphex, which develops software to accelerate the delivery of digital pathology services, has secured €10 million in venture debt financing.

The strategic investment, which comes just nine months after the company closed out a €14.4 million Series B funding round, will be used to fuel growth and increase headcount.

The debt financing has been provided by London-based Claret Capital Partners, which has backed over 150 companies to date including other Irish-founded firms such as SuperAwesome and ...