Achieving unicorn status may not be as rare as it once was but it is still a significant achievement. Fenergo this week became one of only a handful of Irish tech companies to get there with a $1 billion-plus market valuation. Mr Murphy recently forecast revenues of about €95 million for the 12 months to the end of March 2021 with an intention to more than double this by 2023. Fenergo’s success has been good for Ireland, with the company’s headcount rising on a yearly basis. For this Irish unicorn, success is no fairytale, it seems.

Source: The Irish Times May 01, 2021 05:15 UTC