TLDR:
- DataOp is a new Venture Capital Firm founded by ex Waystone Management team to support Irish Fintechs.
- DataOp has already made 3 investments and aims to bridge the funding gap for early-stage companies in Ireland.
The ex Waystone Management team has launched a new Venture Capital Firm called DataOp to address the funding gap for Irish Fintechs. DataOp, led by individuals like Derek Delaney, Paul Cahill, and Glen Magee, focuses on providing support to early-stage companies in Ireland. The firm has already made 3 investments, with FundRecs and Wrky being among them. DataOp aims to fill the void in the Irish venture capital market by providing not just funding, but also guidance and support in various areas essential for growth.
Glen Magee and Paul Cahill, speaking from the Cayman office of DataOp, emphasized the importance of supporting companies from their launch phase and helping them navigate through to Series A funding and beyond. The firm not only provides equity but also assists with recruitment, development outsourcing, branding, pricing support, and preparation for subsequent rounds of funding. DataOp’s focus on data optimization includes backing companies that can interpret data, generate outcomes, and provide recommendations.
Owned by a partnership of Derek Delaney, Paul Cahill, Glen Magee, and select family offices, DataOp is closely linked to ComOp, another venture founded by the same management team. The firm’s investments are primarily in sectors like KYC/AML, financial and portfolio data, and employee ARR systems. With a strong belief in the potential of Irish Fintechs, DataOp aims to help these companies operate more efficiently within a global landscape marked by limited resources.
