WHAT HAPPENS WHEN HEAD OF A VENTURE CAPITAL FIRM IN WATERFORD MEETS FOUNDERS OF A VR FIRM IN WATERFORD – THEY FLOAT ON THE LONDON STOCK EXHCHANGE!!!

Don’t come here to Waterford for an easy life, a cheap house and the Greenway – they are all just a bonus. Come here to join the amazing Tech Cluster we have.

Today Immersive VR Education An Irish (Waterford Based) virtual reality firm has started trading on the London and the Irish stock markets. This is the first IPO for an Irish tech firm on the Irish Stock Exchange’s Enterprise Securities Market (ESM) since inception in 2005. 

The company raised €6.7m (£6m) before expenses as part of the admission process. Its oversubscribed placing of 60,000,000 shares of 10p each implies a market capitalisation of around €21.6m (£19.3m) on admission.

Our own Waterford Venture Captial Company – Suir Valley Ventures are one of the Investors in Immersive VR Education – Barry Downes (Managing Partner of Suir Valley Ventures) very quickly saw the huge potention in this company and more importantly in Sandra and Dave Whelan The Founders. These guys are amazing – energy balls, innovators, motivators and have one of the coolest companies in Ireland!.

-Elaine Fennelly