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

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.

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

  1. Patrick Liddy Says:

    That is great news. Fair play to Ger!

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