The move will create 26 new high-value positions at the company over the next two years.
The Minister for Enterprise, Trade and Employment Micheál Martin made the announcement: “I am delighted to announce this €1.2m investment by Donseed Ltd and the creation of 26 new high value jobs, primarily in Tralee."
With support from Enterprise Ireland, Donseed has developed a unique workplace management service for the international construction sector and has significant future growth potential.
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"The company illustrates the potential for innovative Irish companies to become world leaders, by anticipating and responding to international market opportunities," he said.
Vincent Lynch, CEO of Donseed said: “We are making this €1.2m investment to capitalise on our successes to date and to accelerate our expansion into additional markets and sectors, in line with our strategic growth plans. This expansion plan will lead to the creation of an additional 26 jobs over the next two years, primarily at our headquarters at Kerry Technology Park, Tralee.
“Our investment is enabled through the support of Enterprise Ireland and a €500,000 venture capital funding from the AIB Seed Capital Fund. This fund is co-managed by Enterprise Equity.
"This is the first investment by the AIB Seed Capital Fund,” he added.
Donseed’s solutions enable customers to track real time attendance, eliminate time leakage, reduce costs by reducing administration, track health and safety compliance and enable the contract teams to share project information in a secure environment.
The company is working with construction companies in over 100 sites across Ireland and the UK.
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