BVP leads €2.1m round for FoodMarble

SOSV, Breed Reply, Delta Partners and Enterprise Ireland also participated.

Following the investment, the company is looking to further its US activity and spread awareness about its FoodMarble Aire app, according to a report by Irish Times. The group has also used crowdfunding to raise capital via the Seedrs platform.

In October 2019, FoodMarble CEO Aonghus Shortt told Unquote sister publication Mergermarket that the company had attracted inbound interest in its series-A round, which was expected to reach €5m, from a range of parties. These included Earlybird Venture Capital, Atlantic Bridge, Seroba Life Sciences and Fountain Healthcare Partners as well as a number of UK-based VCs.

Previous funding
FoodMarble raised €1m in bridge financing from an unnamed investor in 2019, having previously raised £1.2m in a round led by Breed Reply and supported by SOSV in 2017.

Company
The Dublin-based company generated revenue of €2m in 2019 and was founded in 2016. The startup develops and produces a device and accompanying app that monitor digestion.

People
FoodMarble - Aonghus Shortt (CEO).

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