When fintech start-up Plynk announced its €25 million funding round in June last year, it was trumpeted as the largest Series A round raised by an Irish software company. At the time it announced the sizeable funding round, it claimed to have 6,000 customers. To put it in context, Twitter raised $5 million in its Series A funding round. Payments firm Stripe, founded by Limerick brothers Patrick and John Collison, raised $18 million in its Series A funding round, all considerably lower figures than Plynk’s. The €25 million funding, it turned out, was being released in tranches, and only when Plynk hit certain metrics.

Source: The Irish Times March 29, 2018 07:07 UTC