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Polecat completes funding round of €850k for expansion
Tom Shinkwin who is a partner in Enterprise Equity and on the right is James Lawn Co-Founder and CEO of Polecat.
Software company Polecat, which has operations in Ireland, the UK, the US and the Netherlands, has secured €850k in funds to accelerate its expansion.
It came from the AIB Seed Capital Fund, Enterprise Ireland and existing private investors and is expected to lead to the creation of 30 jobs in Ireland over the next three years.
Polecat transforms digital content into strategic insights for executive level decision-making.
It was named ‘Best Emerging Technology Company’ by Larry Ellison (CEO, Oracle Corp) in 2009 and now has 22 full time employees across its operations. The company already has significant revenues and is profitable.
Polecat’s customers include Shell, BP, HSBC, Silicon Valley Bank, Sony, Microsoft, Ernst & Young, McKinsey and EU, UK & Irish Government.
Founders James Lawn and Bronwyn Kunhardt established the business in 2008 and are both former executive board members of Microsoft UK.
As well as accelerating sales of its virtual analyst software platform in the UK and Europe, this investment will allow Polecat to expand its global presence.