Edinburgh start-up wins pitch of the day at Dragons’ Den-style investor conference
The EIE21 event, being held virtually, saw company founders pitch for investment from seed level to more than £2 million.
Capital-based Ionburst’s platform addresses data leaks in the cloud for small and medium-sized enterprises (SMEs) and larger corporates at a time when hackers and ransomware are becoming more prevalent.
The firm was voted best pitch against Earth Blox, Bridgeweave, Net AI, iOPt, LiberEat, Beta Bug, Nebu-Flow, Transwap and GoBubble.
Ionburst chief financial officer Anne Lanc said: “We’re delighted to win EIE21, it’s such a prestigious event and the standard of competition was incredibly high, and now that EIE has showcased us we look forward to speaking to investors that want to help us build a global business.”
Serial entrepreneur Mike Welch, one of the keynote speakers at EIE21 who is now running one of the world’s largest online tyre retailers, Miami-headquartered Tirebuyer, said: “Scotland now has a digital friendly ecosystem, it’s a great time to be based in the country, be part of the set-up and take advantage of the opportunities available.”
EIE has supported more than 500 tech start-ups since 2008 which have collectively raised some £750m from seed through to Series A and later stage funding.
Jenny Tooth, chief executive of the UK Business Angels Association, said: “The quality of entrepreneur pitches was excellent, showcasing some very significant innovations and disruptive technologies applied across a wide range of sectors and markets.”
A message from the Editor:
Thank you for reading this article. We’re more reliant on your support than ever as the shift in consumer habits brought about by coronavirus impacts our advertisers. If you haven’t already, please consider supporting our trusted, fact-checked journalism by taking out a digital subscription: www.scotsman.com/subscriptions
Want to join the conversation? Please or to comment on this article.