Digital Mines gets cash to grow

Ed Byrne, founder, Digital Mines

Delta Partners has made its first investment of €350,000 into Digital Mines, a new Irish cloud computing service provider, from the Bank of Ireland start-up and Emerging Sectors equity fund.
The funding is part of a total investment of €750,000 into Digital Mines that includes direct investment from Enterprise Ireland and the company’s existing shareholder.
The money is the first investment from the €17m Fund which was launched in December last year and is managed by Delta Partners on behalf of Bank of Ireland and Enterprise Ireland.
Digital Mines was founded in 2010 by Ed Byrne, is focused on the European market and has built an infrastructure as a service product for the business market.
Donal Duffy, Head of Enterprise Ireland Relations, Bank of Ireland said, “The Fund is geared to support entrepreneurial companies that turn ideas into new products and services for domestic and export markets. Digital Mines is an example of how a €350,000 investment can support a high-potential export oriented company grow.”
Ed Byrne, CEO, Digital Mines added, “Cloud Computing is the future of the IT industry, but most business owners struggle to take advantage of it because they do not have the technical expertise in their company. Our service simplifies the whole process.”