Elkstone is an investment firm, focusing on entrepreneurs, senior executives, institutional LPs, the venture community, and the Irish diaspora. The objective of the organization is to boost the economic value and overall well-being of the island of Ireland by expanding a network, facilitating deserving investments, and delivering excellent investment performance.
Bluedrop Medical Limited specializes in developing, manufacturing, and commercializing an Internet of Things-enabled device designed for the early detection of diabetic foot ulcers. Founded in 2014 and based in Galway, Ireland, the company offers a home-based system that conducts daily scans of patients' feet. This data is then transmitted to the cloud for analysis using advanced algorithms capable of identifying abnormalities. By detecting skin damage early, the device aims to significantly reduce the risk of amputation, which is a critical concern as up to 25% of individuals with diabetes may develop foot ulcers, often due to peripheral neuropathy. The innovative technology not only enhances patient care but also has the potential to lower healthcare costs associated with severe complications arising from untreated foot ulcers.
Content Llama
Seed Round in 2021
Content Llama Limited operates a platform that connects brands with online retailers in sectors such as sports, outdoor fashion, and pharmacy. Founded in 2019 and based in Donegal, Ireland, the company specializes in automating the collection, configuration, and delivery of product content for eCommerce. Utilizing advanced Content Configuration Technology, Content Llama provides tailored product descriptions and images directly to retailers, ensuring that the content meets their specific requirements and scales effectively. The platform acts as a Digital Content Gateway, sourcing, organizing, and transforming brand content into a unified format that feeds retailers' internal systems, including Product Information Management (PIM), Digital Asset Management (DAM), and eCommerce platforms. By delivering fast, high-quality, and accurate product content, Content Llama enhances online merchandising and helps retailers succeed in a competitive digital landscape.
Solvotrin Therapeutics
Venture Round in 2020
Solvotrin Therapeutics Ltd is a pharmaceutical company based in Cork, Ireland, focused on developing innovative cardiovascular therapies. Founded in 2009, the company specializes in the research and production of vitamins, minerals, and therapeutic compounds. Solvotrin's primary product is ACTIVE IRON, an oral iron supplement, but it also has a strong pipeline of novel drugs stemming from its patented prodrug platform. This platform enables the creation of new chemical entities from established compounds, enhancing efficacy and safety while reducing development risks. Key compounds in development include ST0702, a nicotinic acid prodrug for dyslipidaemia; ST0701, a bioactivated form of aspirin designed to mitigate gastrointestinal toxicity; and ST0703, a nitro-aspirin prodrug with dual antiplatelet effects. Solvotrin aims to advance these compounds through Phase I clinical trials before partnering with larger pharmaceutical companies for further development and commercialization. The company holds robust patent protections for its innovations, ensuring a competitive edge in the market.
Thriftify
Seed Round in 2020
Thriftify is a leading ecommerce solution designed to connect charity shops with consumers. Launched in Ireland in 2018, the platform utilizes innovative digital technology to help charity shops value their donations, list them across major online marketplaces, and manage shipping efficiently. With a significant market presence, Thriftify has achieved 90% market share in Ireland and is rapidly expanding into the UK. The platform serves as a custom-built tool for charity shops, automatically pricing and uploading a diverse range of items, including clothing, accessories, books, music, movies, and games. By making second-hand goods accessible to consumers who prioritize sustainability, Thriftify aims to transform shopping habits and promote a circular economy, ultimately creating a model that is both environmentally friendly and socially impactful.
Evercam
Seed Round in 2020
Evercam Limited, founded in 2013 and based in Dublin, Ireland, offers a software-as-a-service platform that focuses on managing cameras on construction sites. The company's technology enables users to connect any internet-capable camera and provides features such as high-resolution capabilities, construction time-lapse videos, and live streaming. By integrating artificial intelligence and machine learning, Evercam enhances project visibility and communication among teams, facilitating better management, timely project completion, and cost efficiency. The platform also aids in dispute avoidance by providing comprehensive footage for incident investigations, making it a valuable tool for construction companies.
CheckVentory
Seed Round in 2019
CheckVentory Innovation, based in Dun Laoghaire, Ireland, specializes in providing an integrated suite of cloud-based inventory control solutions. Its primary product, CheckVentory Audit, leverages mobile technology to facilitate the assignment, management, and reconciliation of audits on a single platform. This system allows businesses, especially floorplan providers and dealer groups, to streamline their inventory processes, significantly reducing the time and costs associated with traditional auditing methods. The platform also offers real-time reconciliation, security analytics, and dashboard management, enhancing decision-making and operational efficiency. In addition to its core services, CheckVentory provides API development, software as a service, database consolidation, and change management support, all aimed at improving credit control and cash flow management related to funded inventory.
Solvotrin Therapeutics
Venture Round in 2017
Solvotrin Therapeutics Ltd is a pharmaceutical company based in Cork, Ireland, focused on developing innovative cardiovascular therapies. Founded in 2009, the company specializes in the research and production of vitamins, minerals, and therapeutic compounds. Solvotrin's primary product is ACTIVE IRON, an oral iron supplement, but it also has a strong pipeline of novel drugs stemming from its patented prodrug platform. This platform enables the creation of new chemical entities from established compounds, enhancing efficacy and safety while reducing development risks. Key compounds in development include ST0702, a nicotinic acid prodrug for dyslipidaemia; ST0701, a bioactivated form of aspirin designed to mitigate gastrointestinal toxicity; and ST0703, a nitro-aspirin prodrug with dual antiplatelet effects. Solvotrin aims to advance these compounds through Phase I clinical trials before partnering with larger pharmaceutical companies for further development and commercialization. The company holds robust patent protections for its innovations, ensuring a competitive edge in the market.
CheckVentory
Seed Round in 2016
CheckVentory Innovation, based in Dun Laoghaire, Ireland, specializes in providing an integrated suite of cloud-based inventory control solutions. Its primary product, CheckVentory Audit, leverages mobile technology to facilitate the assignment, management, and reconciliation of audits on a single platform. This system allows businesses, especially floorplan providers and dealer groups, to streamline their inventory processes, significantly reducing the time and costs associated with traditional auditing methods. The platform also offers real-time reconciliation, security analytics, and dashboard management, enhancing decision-making and operational efficiency. In addition to its core services, CheckVentory provides API development, software as a service, database consolidation, and change management support, all aimed at improving credit control and cash flow management related to funded inventory.
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