Hot
Startups
Daniel McConnell
Business Post editor
Ireland has long been a fertile ground for innovation, entrepreneurship and bold thinking but now more than ever, it’s time to shine a spotlight on the next generation of game-changers. The Business Post’s Hot 100 Start-Ups supplement celebrates the energy, creativity and resilience of Ireland’s emerging businesses. These companies are not just shaping industries — they are fuelling economic growth, creating jobs and transforming local communities.
From Mayo-based payroll software business Payslip, which was started by Fidelma McGuirk and has to date raised €12.4 million, to cloud software business Greyscout which raised €3.5 million in seed funding last year, these companies are among the greatest in fresh thinking and dynamic business leadership on display here in Ireland.
In conjunction with our partners in Enterprise Ireland, the Business Post is delighted to celebrate the best in Irish ingenuity, entrepreneurship and endeavour. Start-ups are the lifeblood of a vibrant economy. They bring fresh ideas, disrupt traditional models, and challenge established players. From tech innovators to sustainability pioneers, the Hot 100 Start-Ups represent the best of what Ireland has to offer.
By highlighting their stories, we’re championing the brave entrepreneurs who dare to build something new, who see opportunities where others see obstacles.
But it’s more than just celebrating success; it’s about fostering a culture of innovation and inspiration. When we spotlight these start-ups, we encourage the next wave of founders to follow their dreams and push the boundaries. We show that Ireland is a dynamic hub for start-up activity, attracting investment, talent, and global attention.
This list is not just a testament to hard work and ingenuity — it’s a glimpse into the future of business. These 100 companies are the ones to watch, and we’re proud to champion them in our supplement. We hope you enjoy our list.
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Barry Sherry, co-founder and chief executive of ACEL Energy
Acel Energy
Acel Energy is based in Monaghan town and wants to bring solar charging in all of its forms to a wider audience. Founded in 2022 by Barry Sherry and Declan McDonald, Acel sells solar panels, battery storage and energy management systems, developed by third parties and connected by its own management software solution, to businesses.
Sherry and McDonald each bring significant experience to the business. Sherry is the former head of energy solutions at Kingspan while McDonald is the previous owner of renewable energy company Eco Systems.
The company’s vision is for rural charging stations to be set up close to renewable energy sources such as wind or solar farms, with the battery acting as a buffer to bridge any lack of wind or sun.
The company’s vision is for rural charging stations to be set up close to renewable energy sources
Affinity EV founder Raj Lyons
Affinity EV
Co Galway-based Affinity EV has big goals and is racing towards a target of having 5,000 dealerships using its electric vehicle (EV) charging platform by the end of this year.
Founded in 2020 by Raj Lyons, the business is based in Ballinasloe. Affinity provides a link between EV makers and energy companies to enable dealerships to sell an all-in-one offering to customers when purchasing an EV.
The platform is the first of its kind in the world and the business has created a method where the dealer can sell all the services required on the energy side as part of the transaction for the physical EV itself.
Lyons got the idea from his prior 16 years working in the auto industry. He recognised that the shift to EVs was happening, but the sector wasn’t ready for all it entailed.
Last year, Affinity launched in the UK through a partnership with the Peter Vardy Group.
Conor McGinn and Niamh Donnelly of Akara Robotics
Akara Robotics
There are robots that clean and then there are robots that take the concept to a medical level. Akara Robotics, a spin-out from Trinity College Dublin, has developed ultraviolet light-based disinfection robots.
The business was founded by Niamh Donnelly, Conor McGinn, Cian Donovan and Eamonn Burke in 2019. The robots developed by Akara are designed to clean rooms autonomously by learning the room structure of a hospital, for instance, and disinfecting where it can reach with the UV light.
This helps to substantially reduce the amount of time the staff need to spend manually cleaning a room. According to the founders, the time staff spend cleaning can be measured in seconds rather than minutes once the robots are deployed.
Ross McDowell and Niall Harty, co-founders of All Real Nutrition
Ross McDowell and Niall Harty, co-founders of All Real Nutrition
All Real
Keeping things natural is the focus of Co Kerry-based All Real Nutrition. As the name suggests, the goal of the natural protein bar company is to keep all of its ingredients real and natural.
Founded by Ross McDowell and Niall Harty in 2020, the Farranfore business started out after McDowell discovered biltong, a dried beef snack, while living in South Africa. Upon moving back to Ireland, he used Irish beef to bring a high-protein snack to Ireland.
Having secured partnerships with BWG, Tesco and Musgrave in Ireland, the business has since expanded to selling its products in the UK and US.
The focus on keeping things natural goes beyond the ingredients in the bars. The wrappers used for the products are compostable, to aid with sustainability.
Gina Oglesby, founder of Back to Work Connect
Back to Work Connect
Back to Work Connect was founded by Gina Oglesby in 2022 and is based in Dublin city. The company is an education and employment career hub which helps build a robust talent pipeline by reconnecting midlife workers to education and employment for upskilling.
The target workers are those returning to work, such as after a break for childcare, and those seeking to change career.
Oglesby developed the idea for the business while studying innovation, entrepreneurship and enterprise at UCD.
The focus is very much on career development, which differentiates it from traditional recruitment services.
When candidates search for a role on Back to Work Connect’s platform, training courses associated with the role are also presented to the user. The benefit for companies seeking staff through the platform is access to workers they may have previously overlooked who are willing to upskill to meet a role’s requirements.
The target workers are those returning to work, such as after a break for childcare, and those seeking to change career
Eoin Everard, founder of BackAware Belt
BackAware Belt
The BackAware Belt is a wearable technology designed to improve posture, exercise technique and alleviate back pain.
The business was founded by Eoin Everard in 2022 and is based in Kilkenny city. Equipped with sensors, BackAware Belt monitors your back position in real-time and provides gentle reminders for correction.
The belt connects to a smartphone app, where you can access follow-along videos that display your back position, giving you confidence that you are doing everything safely and correctly.
Niamh and Ruairí Dooley, founders of BiaSol
Biasol
BiaSol is an Offaly-based business that is on a mission to eliminate food waste by using ingredients that are left over from the manufacturing process.
Founded in Tullamore by siblings Niamh and Ruairi Dooley, the business was started in 2020 and upcycles food ingredients.
The first range of products came from spent grain from breweries, with BiaSol (also known as Lurgan Foods), working with four independent craft breweries to source the grain.
The business is working with O’Hara’s brewing in Co Carlow, Brú in Co Meath, Dead Centre in Athlone, Co Westmeath, and Ballykilcavan in Co Laois to reduce their waste.
BiaSol’s products include scone and pancake mixes and morning breakfast cereals, all developed using upcycled grains.
BiaSol has also become an official supplier to the IRFU and the business aims to work with larger food brands to help upcycle their spent ingredients.
Aidan Finn and Ciarán McNamee of Binarii Labs
Binarii Labs
The inspiration for companies on the Hot 100 varies wildly but few can claim an origin quite like Binarii Labs. The business was founded by Aidan Finn, Steven Garner, Nigel Carter and Ciarán McNamee in 2021 and has developed a product which is aimed at protecting data by ensuring no single file is ever kept completely in one place.
The concept came from Garner, who was inspired in part by the Harry Potter books. Garner was disillusioned with how data was stored from his own experience in the financial sector. A puzzle in the Harry Potter books, that involved seven pieces being hidden across the map, got him thinking about doing something along the same lines with data.
The inspiration has grown Binarii, which is based in NovaUCD in Dublin, into a business that has raised €3 million to date and now has 20 staff.
Binarii has established offices in Asia and the UK, with plans to double staff count and add a US office.
Lee Coffey, chief technology officer, and Tim Roche, chief executive, of BioEnz Technologies
Lee Coffey, chief technology officer, and Tim Roche, chief executive, of BioEnz Technologies
BioEnz Technologies
BioEnz Technologies is a Waterford-based business focused on enzyme discovery and microbiological solutions. BioEnz is based on over 20 years of research with a proprietary biobank and discovery platform. It is developing new and improved enzyme and bespoke biocatalyst solutions for more sustainable and impactful environmental, nutritional and therapeutic applications.
The business was founded in 2020 by Lee Coffey, Tim Roche and Jens Bleiel and played a big role in addressing the Covid-19 pandemic, where it worked with South East Technological University to develop a method of accelerating the process of tests for the virus.
The business was one of 12 selected by Enterprise Ireland this year for its Prep4Seed programme, a 12-week course designed to prepare start-ups for seed investment and pitching to investors.
Charlie Butler and Rónán Dowling-Cullen of Bounce Insights
Bounce Insights
Bounce Insights has big plans, with goals to expand tenfold over the coming years. The business was founded by Josh Stafford, Brandon Dooley, Rónán Dowling-Cullen, Brian O’Mahony and Charlie Butler in 2019.
The business has developed a market research platform powered by artificial intelligence.
Bounce has developed its own generative AI technology that is designed to speed up the research process.
The Bounce Insights platform is designed to save marketing and research teams hours, days, or even weeks when performing research.
The business aims to be a blend between self-service market research tools and the traditional agency approach, a sort of best-of-both-worlds approach to market insights, driven by its technology stack, which is built upon OpenAI’s ChatGPT 4.
The company’s clients include Tesco, Kraft, Glanbia and Mondelez.
Paul Savage, chief operating officer, Brightbeam. Picture: Maura Hickey
Paul Savage, chief operating officer, Brightbeam. Picture: Maura Hickey
Brightbeam
Brightbeam is growing fast, on course to double the number of staff it had at the start of 2024 to 28 by the end of this year.
The Irish AI business, which operates on a fully remote basis, was founded by Paul Savage, Brian Hanly and Phil Black in 2023 and has raised €450,000 in funding to date.
The company helps businesses make better use of AI, finding ways to adapt it for use in their processes. Savage was previously with Nearform, where he was chief operating officer, and all of the co-founders have known each other for decades.
Brightbeam expects to close its first US deal by the end of this year and to grow further in that market into 2025.
Brian Kenneally, Bundledocs
Bundledocs
Bundledocs provides a means of compiling legal bundles or briefs digitally, replacing a previously paper-based approach.
The business, based in Ballincollig, Co Cork, was founded by Brian Kenneally, Lisa Walsh and James Hogan in 2019. It currently has 18 staff and had a turnover of €3.5 million last year.
The idea came to Hogan after a customer approached him in a prior role about finding a solution of this nature. Hogan couldn’t find one so teamed up with Kenneally and Walsh to develop one instead.
The business has set up an office in Canada to service the North American market and aid its growth. It has already enjoyed strong growth in the Irish, UK and Australian markets.
The expansion in the US should result in the company doubling its turnover in the next two years, according to estimates by Bundledocs.
The business has set up an office in Canada to service the North American market and aid its growth
Criona Turley of Capella Workplace Solutions
Capella Workplace Solutions
Capella Workplace Solutions is an Irish-owned hybrid working solutions provider. The company, which was founded in 2020 by Criona Turley and Victoria Yanakos, was established to help businesses navigate the almost overnight transition to remote and hybrid working during the pandemic.
Capella’s software facilitates hot desk booking, office heat mapping, work-from-home risk assessments, as well as analytical tools to optimise collaboration in the workplace.
The business also offers data and insights into how hybrid working is performing across a business, which can be used to inform company policy. The ESRI, the Department of Social Protection and Barnardo’s are among the Irish organisations using Capella’s technology.
The company is in the process of completing the roll-out of 30 roles, announced last year, which will more than double its workforce as it aims to generate over €10 million in annual revenue by 2027.
David Duffy, co-founder and chairman of The Corporate Governance Institute
Corporate Governance Institute
The Corporate Governance Institute is a Dublin-based training business that was founded by David W Duffy and Anthony Quigley in 2020. It currently has 30 staff and has raised €2.5 million in funding.
The business attracted 18 people to do its first course in September 2020 across the UK and Ireland. By the end of that year, another 60 people went through its courses. It now expects to double its annual revenues to €8 million by the end of this year.
The institute provides two diploma courses, one in corporate governance and one in environmental, social and governance (ESG). Both are accredited by Glasgow Caledonian University.
The Corporate Governance Institute has customers in over 50 countries but the bulk of the business remains in the UK and Ireland. The goal for the business is to continue its global reach and add 10 more jobs by the end of 2025, bringing total staff to 40.
Richard Egan, founder of Cushla
Cushla
Cushla is a healthech based in the Guinness Enterprise Centre in Dublin. The business provides a means for patients to access their complete medical data, including from health service providers or fitness devices, in one place.
Cushla was founded by Richard Egan, Steve Szpara and Gavin Davey in 2022. The company has 12 staff and has raised €2.3 million to date. It is aiming to raise a further €5 million next year.
The business was inspired by the accessibility that banking apps created in the financial sector. Cushla aims to provide the same level of service in healthcare.
The business has been primarily focused on product development up to now, working to prove it could connect all the different information sources together. The funding round next year will be aimed at helping Cushla develop its product further and aid expansion into the US.
Marie Toft
Marie Toft
Emotionise
Emotionise AI is an artificial intelligence business that aims to teach machines to understand how humans feel and develop communications tools based on that.
The business was founded in 2018 by Marie Toft, Tim Pat Dufficy and Siva Sharma, the idea for the business grew out of Toft’s prior work experience and subsequent study in university.
It was during her studies that Toft decided to combine her research with developing a business and she joined the Going for Growth scheme with Enterprise Ireland.
Growing out initially from GPT-3, the forerunner to ChatGPT, the access to large language models provided the business with the ability to further enhance the capacity of the AI she was developing. It is now part of the high potential start-up unit (HPSU) in Enterprise Ireland.
Killian Gaffney, chief executive of EquiTrace
Equitrace
EquiTrace is a data management start-up that has developed tools to aid the monitoring of horses. Founded by vets Kevin and Jennifer Corley in 2019, EquiTrace, which is based at the National Stud in Co Kildare, stores the information used in a horse’s passport as well as information on any medications.
The key selling point of the technology is that it improves efficiencies for people working with horses. The company’s platform is designed to give users solutions that reduce the amount of time they have to spend monitoring the health of horses.
The US is the main market for EquiTrace, where aid in time management is of particular concern, with new regulations requiring those working in the sector to provide more medical data to authorities.
The key selling point of the technology is that it improves efficiencies for people working with horses
Deirdre Lyons, founder of Examfly
Examfly
Examfly, a Dublin-based start-up, was founded by Deirdre Lyons, originally from Ballingarry, Co. Limerick, in 2019. The business provides online training for professional services exams, such as accounting and tax. It has five staff and has raised €2 million in funding.
The interactive learning model developed by Examfly is designed to help people achieve qualifications quicker. Lyons developed the idea based on her own experiences studying in college and working in PwC and Davy.
The business has already secured work with some of the largest professional services firms in Ireland and the UK and aims to double its staff over the next two years. The goal for Lyons is to expand the business into the UK and US, while also growing in Ireland, where she believes she can repeat the success Examfly has already enjoyed.
Eoghan Fineran, founder of FarmEye
Farmeye
FarmEye is a Roscommon-based agri-tech company founded by Eoghan Finneran, Joe Desbonnet and Brendan Allen in 2017. The business plans to show that farming can have a positive impact on the environment with its Earth observation technology.
The company’s technology uses satellites and a ground-based lidar (light detection and ranging) system to analyse and report biodiversity and carbon sequestration data.
The map-based soil management system can be accessed by laptop, desktop or smartphone app to maintain a record of the nutritional profile of every field on a farm.
According to FarmEye, it mapped 1.7 million hectares of fields in Ireland, the UK and Australia and recorded revenue of €1.6 million last year.
David Deneher of Field of Vision
David Deneher of Field of Vision
Field of Vision
Field of Vision is a Dublin-based start-up that is helping the visually impaired have a better experience at live sporting events.
The business was founded by David Deneher, Tim Farrelly and Omar Salem in 2020 and has raised €250,000 to date.
Field of Vision is based at Dogpatch Labs and has created a haptic response tablet for use at different sports events. The device is held by the user and it buzzes to provide ideas of where the ball is and what is happening.
Having successfully completed trials with Manchester City in the English Premier League and Toyota Racing in Japan, the business secured its biggest deal to date in 2022 through a partnership with Telstra in Australia. The telco wanted to showcase its 5G technology and Field of Vision adapted its technology for use in Aussie Rules at Marvel Stadium in Melbourne.
The next step for the business is a focus on the US, particularly targeted on the state of Georgia which is a hub for sports tech and home to several major sports teams.
Ingrid De Doncker, Debbie Power and Donal Daly of Future Planet. Picture: Michael O’Sullivan
Future Planet
Future Planet was founded by Donal Daly and Ingrid De Doncker in 2021 and is an AI-powered software platform that helps businesses understand and reduce their climate emissions, while achieving their environmental, social and governance (ESG) goals.
The company has 15 staff and some significant goals, aiming for turnover of €30 million by 2029 with 500 per cent growth forecast for this year.
Future Planet’s cloud-based software intakes many data points when compiling its ESG reports. The business claims its technology produces reports in minutes which would have taken weeks to do manually.
The surge in companies in Europe that need to provide ESG reports is key to Future Planet’s bullishness.
The EU’s Corporate Social Reporting Directive (CSRD) means that more than 50,000 such businesses will need to provide such reports from January, compared to just 11,000 now.
That’s a market Future Planet is confident it can grow with and assist.
John Ryan of Gigable
Gigable
Gigable is a Dublin-based business that links freelancers or ‘gig workers’ with businesses seeking temporary staff. This includes businesses with workers such as food delivery drivers, waiting staff, security guards, warehouse operatives, kitchen porters and event stewards.
The company was founded by John Ryan in 2019. Gigable’s platform allow gig workers to accept jobs, send invoices, communicate and receive payments.
Workers on the platform also get a workplace benefits package, including digital GP services, mental healthcare, accident and injury cover. Businesses, meanwhile, can schedule and manage gigs through the platform as well as manage the workers, including assigning work and sending payments.
Investors in the business include John Herlihy, the former boss of Google Ireland, Voxpro founders Dan and Linda Kiely, and Patrick Joy, founder of Suretank and former EY entrepreneur of the year.
Avril Power and Colm Murphy of Giyst
Giyst
As the name suggests, Giyst is about giving users the gist of things. The company’s platform provides easy-to-digest summaries and highlights of meetings and conferences which help event organisers and attendees to retain value after the event has ended.
Giyst’s technology can take content from a keynote speaker or panel session and use its algorithm to extract the key points. It will then create a coherent story of either 10 per cent or 20 per cent of the original length.
The Cork company was founded by Avril Power and Colm Murphy in 2020. The idea for the business was born from Power’s own frustrations from attending conferences, as well as the explosion in video content
The key market for Giyst is the US, where the plethora of events and conferences provides a fertile field for the company to make contacts and develop partnerships.
Gráinne Mullins of Grá Chocolates
Gráinne Mullins
Gra Chocolates
Sometimes a name is just waiting for a business. Gráinne Mullins may not believe in nominative determinism but Grá Chocolates was the perfect fit when titling the Galway-based business.
The luxury chocolate business has expanded into the US after receiving approval from authorities there last year.
Mullins has ten years of experience working as a pastry chef in Michelin-star restaurants and Grá was a project she developed when restaurants closed during the Covid pandemic and she needed to find another way to do business.
She started the company in 2020, having got the idea from hand-painting Easter eggs for friends and family. Followers on social media asked where they could buy the chocolates and the business has taken off from there.
Grá Chocolates has been featured on the Late Late Show and an episode of Beyond the Menu with Mark Moriarty. Mullins aims to keep developing in Galway, eventually creating a visitor centre to go alongside the factory.
Stephen Smith of Green Treats
Green Treats
Green Treats is a Co Wicklow-based dog food company that is all about sustainability. Headquartered in Arklow, the business was founded by Stephen and Darren Smith in 2019.
The company develops affordable products for smaller brands from scratch and advises companies through solutions in recipe development and a new product development book on packaging.
Green Treats has enjoyed remarkable growth over its short life, working with Denzel dog food company in Britain and securing a manufacturing contract for Aldi to develop a dog dental brush treat for the company.
Through Enterprise Ireland’s High Potential Start-Ups fund, the company was able to raise €1.8 million in early 2023, which allowed Green Treats to purchase better equipment and a brand new production facility.
Green Treats has enjoyed remarkable growth over its short life
John Killian of Greyscout
Greyscout
GreyScout is a cloud software business-to-business company that works with brands such as NETGEAR and Dorel to monitor online channels for intellectual property (IP) infringements.
Those infringements can cover anything from counterfeit products to fake accounts on social media sites.
GreyScout, launched in 2020, was set up by John Killian and Chris McCauley and has offices in both Dogpatch Labs in Dublin and TUS Midlands.
Last year proved a big one for GreyScout as it completed its seed funding round, raising €3.5 million, in a round jointly led by Act Venture Capital and Tribal, with Furthr VC, Enterprise Ireland and HBAN also participating.
This came on top of a pre-seed round of €1 million raised in 2022, which brings the total funds raised to date by the business to €4.5 million.
With the grey market (the unofficial market for counterfeit goods) valued at around €825 billion annually by the OECD, the opportunity for GreyScout is significant.
Peigin Crowley of Ground Wellbeing
Ground Wellbeing
Ground Wellbeing was founded by Peigín Crowley in 2020 that develops wellness treatments and products.
The company was founded with the aim of helping to relieve people from anxiety, menopause, burnout, gut issues, as well as provide treatments for people going through cancer and chemotherapy.
Crowley worked as a consultant for 10 years, designing spas and products as well as training teams for various hotels. When lockdown happened, she turned her passion for helping people into a business.
The company’s range of balms and oils have been sold to hotel spas such as the K Club, the Shelbourne, Mount Juliet Estate, and the Europe Hotel & Resort as well as treatments such as hot and cold stones and holistic massage. Ground Wellbing’s products are also stocked in Brown Thomas.
The business is focused on growth in new markets now, with Japan in particular on its radar due to work done by Ground Wellbeing as part of the HPSU in Enterprise Ireland.
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