In recent years, Spark Crowdfunding has emerged as the ‘go to’ platform for Irish investors seeking high-growth opportunities in the Medtech sector. The platform has seen remarkable success with multiple Medtech companies raising substantial funds from a growing pool of intelligent investors.
Spark Crowdfunding provides Irish investors of all sizes with access to VC calibre investment opportunities that they previously could not access, and in amounts from as little as €100 per campaign up to €100,000. Investors pay no commission and most of the investment opportunities qualify for a 50% EIIS tax rebate.
Here is a selection of some of the most recent investment opportunities:
AuriGen Medical: A Galway-Based Success Story
One of the most notable success stories is AuriGen Medical, based in Galway, which raised an impressive €3.5 million over the course of 3 separate campaign from more than 700 investors through Spark Crowdfunding. AuriGen had previously raised over €20m in funding from sophisticated investors, such as WDC and Enterprise Ireland.
PumpInHeart: Treating Advanced Stage Diastolic Heart Failure
In June 2024, PumpInHeart attracted €852,000 from 258 investors. This early-stage Medtech company is a spin-out from the Royal College of Surgeons in Dublin and has shown that there is robust investor appetite for new medical innovations that promise to revolutionize patient care and improve health outcomes.
Altach BioMedical: Spinout from Trinity College Dublin
Altach BioMedical kicked off 2024 with a successful funding round, raising €1.1 million from 210 investors in January, as a collaborative effort between Spark Crowdfunding and NLC Ventures, the specialist Dutch VC. This funding is expected to accelerate their research and development efforts, with the objective to commercialize a collagen scaffold technology for cartilage repair
ATXA Therapeutics: Founded by UCD Professor
ATXA Therapeutics capped off 2023 by securing €2.7 million from 203 investors in December. The company had previously raised €15m and funds raised will be us to advance its new drugs as novel therapies for heart and lung diseases This significant funding round highlights the sustained interest and trust in the Medtech sector among Irish investors.
AVeta Medical: University of Galway Spinout
AVeta Medical has also made waves, raising over €1.1 million from 143 investors. AVeta has developed a technology to treat vaginal atrophy and had raised funding previously from European investors and Enterprise Ireland.
ProVascTec: UCC Spinout with an Outstanding Team
Most recently, ProVascTec launched a new equity fundraising campaign in July 2024 and has already raised €294,000 from 38 investors. The company has developed a novel mechanism for the efficient delivery of cell therapies for the treatment of patients suffering from blocked lower-leg arteries and has received funding from NLC Ventures and Enterprise Ireland.
Why Are These Campaigns So Successful?
One of the key reasons behind the success of these crowdfunding campaigns is the attractive 50% EIIS (Employment and Investment Incentive Scheme) tax rebate available to investors. This tax incentive significantly reduces the financial risk for investors, making Medtech investments through Spark Crowdfunding even more appealing. If you invest €10,000 in ProVascTec (above) for example, you receive a tax refund of €5,000, which cuts the risk of your investment in half.
Impressive Average Investment Size
The average investment size per investor on Spark Crowdfunding is approximately €5,000. This figure reflects a robust commitment from individual investors who are confident in the potential returns and the impact of their investments in the Medtech sector.
Conclusion
The surge in investment through Spark Crowdfunding highlights a growing trend among Irish investors who are increasingly drawn to the Medtech sector. With substantial funding rounds and the allure of tax incentives, platforms like Spark Crowdfunding are proving to be vital in supporting the growth and development of innovative medical technologies in Ireland. As more Medtech companies seek funding, it is clear that Spark Crowdfunding will continue to play a pivotal role in connecting visionary entrepreneurs with investors eager to make a difference in healthcare.
To access these investment opportunities, join Spark Crowdfunding today for free. It takes less than 2 minutes by clicking here: https://www.sparkcrowdfunding.com/register