Elkstone is an Irish venture capital firm that invests in early-stage technology companies.
Portfolio
6
companies
Jentic
Jentic builds an integration layer for AI agents to connect software systems.
Laka
Laka offers collective insurance for green mobility users and brands.
Luminate Medical
Luminate Medical develops portable medical devices to prevent chemotherapy induced hair loss.
Numra
Numra builds an artificial intelligence assistant to automate corporate finance operations.
Output Sports
Output Sports builds wearable sensor technology for elite athletic performance tracking.
Penfold
Digital pension provider modernising workplace retirement savings for UK businesses.
Niall McEvoy
Head of Venture
Apex Capital and Uni.Fund backed the pre-A round alongside returning investors.
"In sports performance, only a handful of companies truly excel in addressing issues. Output Sports is among these select few. With their cutting-edge technology, they have successfully translated the science of sports into practical applications for the field."
Elkstone led the pre-seed round, which will fund team expansion and product development.
"We’re building critical infrastructure to enable developers to easily and securely hook their AI systems up to the world’s APIs,"
The Irish artificial intelligence startup has raised €1.5m led by Elkstone to bring its finance assistant Mary to market.
"With the advent of LLMs, what was once unimaginable is now possible. AI’s capability to ingest and process vast amounts of unstructured data enables us to redefine the boundaries of productivity in the finance department. By taking on tasks that were previously too complex to automate, Mary elevates the role of finance teams and empowers them to engage in higher-value activities that require strategic thinking and creativity."
Achmea Innovation Fund has backed the micromobility insurer in a round led by Shift4Good.
"In a world where the demand for green and healthy transport options continues to rise but electric bicycles are also becoming increasingly expensive, Laka is at the forefront with innovative solutions."
The funding round was led by Shift4Good to support the company's growth and recent acquisition of Cylantro.
"We’re excited to welcome onboard the Cylantro team to Laka. Thomas and his team have built up a fantastic offering in France, and we can’t wait to ramp up our presence across the country. E-bikes are expected to outgrow car sales by 2025 in Europe and we see huge potential in France, where the sales of bikes and e-bikes are growing at double-digits. We are also excited to welcome Shift4Good as an investor, and we look forward to working with them to expand our commitments to decarbonising mobility, by making it easier for consumers to insure and protect their bikes or e-bikes."
