Ex Waystone management team launch new Venture Capital Firm to bridge the funding gap for Irish Fintechs

The new firm is called DataOp and begins with 3 investments with FundRecs closing before Christmas and Wrky closing this week.

DataOp is the second investment vehicle of the ex Waystone Management team as they lend their experience of the international venture capital and private equity markets to their growing portfolio of investments.

It follows on the launch of ComOp last year and like ComOp has a strong focus on Irish Fintechs with the thesis that there is a deep pool of innovators in Ireland that are constrained in achieving their potential due to the nascent domestic venture capital and private equity market.

Glen Magee speaking from the Cayman office of DataOp in Regatta Office Park explained that “while international venture capital and private equity are focused on Ireland it is generally from Series A and onwards. The gap from launch is generally met by an established angel investor community in the US, Britain, mainland Europe etc and this flows to an established venture capital community that again is nascent in Ireland. We see exceptional opportunity in this space and have the funding to take these companies through the formative phased to the Series As and beyond“.