Irish startup completes fundraising on social networking site

This Irish Times has a big story this morning –

GOSHIDO, A Limerick company which has developed software for
managing projects, has completed a private fundraising round using only
the social networking website LinkedIn.

According to executive
chairman Frank Hannigan, the company is selling off 10 slots to
investors at €25,000 each – each equivalent to a 2 per cent stake in
the company.

Seven hundred e-mails were sent to potential
investors through LinkedIn earlier this month, generating 200 replies
by phone, e-mail and Twitter. The company raised €162,500 in just eight
days.

Goshido founder Ger Hartnett is a regular at OpenCoffee Limerick, a founding organizer of Bizcamp Limerick and all around good guy who's always willing to share great advice to fellow entrepreneurs. And his new executive chairman Frank Hannigan who I only got to know recently is certainly cut from the same cloth. In short I couldn't be happier for these two guys and the rest of their team. Well done lads.

Advertisements

One Response to “Irish startup completes fundraising on social networking site”

  1. Patrick Liddy Says:

    That is great news. Fair play to Ger!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: