Eoin Burke-Kennedy
Dublin-based chip developer DecaWave has won top honours at the European Business Angel Congress and annual awards event.
The two-day congress, taking place in Dublin, is being hosted by the Irish umbrella group, Halo Business Angel Network (HBAN).
The first day’s programme culminated in an annual awards ceremony in Dublin’s Mansion House last night. The awards recognise federations, networks and investors who demonstrate a commitment to driving business angel investment.
DecaWave was awarded top prize in the most successful business financed by early- stage investors category.
In his presentation, chief executive Ciaran Connell detailed how he managed to secure investment of €20 million from more than 171 different angel investors from Ireland, Britain, the US and France.
This is the first time the congress, now the largest event of its kind in Europe, as been staged in Ireland and it drew more than 350 elite business angels and investors from Europe and the US to Dublin.
"We were delighted to see a local winner of a major European award. DecaWave is an inspirational Irish success and a unique example of how it is possible to build a well financed business with serious global ambitions, backed by such a large number of angel investors," said HBAN national director Michael Culligan.
