Datahug lands $1.5 million investment

Datahug, winners of the Dublin Web Summit Spark of Genius Competition in 2010, has received a $1.5 million seed fund investment. The investment is led by Bill McCabe’s Oyster Technology Investments and includes Ron Conway, a high profile Silicon Valley super angel who was an early investor in companies such as Twitter, Google and PayPal.
Datahug is “a private search engine that allows you to quickly find out who in your organisation best knows the lead, company, partner or recruit with whom you are trying to connect.” It aims to reduce the need for cold calls and to get users in front of the right person faster.
In the past year Datahug’s user base has grown to hundreds of secure and private networks with clients across the management consulting, legal, insurance, banking, business development, technology and investment sectors.
“We believe that using Datahug we can unlock 1,100 unique connections per employee. To date, we have unlocked over four million relationships, removing the need for cold calling as our users benefit from introductions through contacts, thus accessing hundreds of leads and saving thousands of hours on data input and maintenance,” says CEO and Co-founder of Datahug Connor Murphy.

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