The EIIS Innovation Fund is delighted to announce that we have invested €1m into Spark as part of our EIIS Innovation Fund from 2022. Spark is an award-winning firm that improves operational efficiencies and uncovers new revenue opportunities for SMEs and enterprise businesses by harnessing the power of data and artificial intelligence. While just three years old, Spark has built a team of over 50 across their offices in Dublin and Malaga, with plans to double their workforce over the next 12 months.
Commenting on the investment, Spark CEO Brendan Hennessy: “We’re thrilled to partner with Quintas Capital, as they provide a strong foundation for our growth and contribute to the closing of our €7m funding round to help us expand in Ireland, the UK, and North America. This investment will allow us to grow our team and skillsets while positioning us to prepare for our first acquisition.”
As part of the investment, Kevin Canning, Investment Director of The EIIS Innovation Fund, will become an advisor to the company. Speaking on the announcement, Kevin said, “We are delighted to have Spark as part of our investment portfolio. Spark is an incredibly strong company and is showing exceptional growth through regularly acquiring tier 1 customers that include the likes of Hertz, Walgreens, Boots, Workhuman, Fenergo, Carbery, and Heineken. We are excited to see where Spark‘s journey will take us”.
If you would like to learn more about Spark, please visit the website here:
· https://www.spark-hq.com/home
If you would like to learn more about EIIS funding or investing, please reach out to Kevin Canning ( Kevin.canning@quintas.ie ) or visit us at https://eiis.ie/
