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Start-ups – Silicon Republic

European start-ups have best quarter in four years, finds Crunchbase Munich-based fusion energy start-up Proxima raises €411m Limerick operations AI start-up WrxFlo raises €3m Jentic, Spryt, MenoPal among eight KPMG Global Tech Innovator nominees Dublin’s Everhaze secures €450k as AI assistant Lú launches in UK Dublin’s Pilot Photonics wins €10.4m EIC backing for photonic chip scale-up Open AI’s Sarah Friar among backers of Tapestry VC’s new ‘repeat founder’ $80m Fund III Cork medtech NeuroBell bags $5.5m for its AI neonatal monitor CroíValve adds $20m to Series B, taking round to $36m Irish space-tech Ubotica raises $11m to scale AI marine monitoring Ireland's TensorX bags €8m to build sovereign AI infrastructure Paris-based AI company Tsuga raises $35m in Series A funding Two Irish start-ups accepted into Y Combinator's summer batch Irish sports-tech platform Hexis raises $2.1m in seed funding round Karb AI named Digital Start-up of the Year for Northern Ireland Scientific research start-up CuspAI to raise $400m with Jeff Bezos among backers - FT Nax Bioscience and Imragen top Irish Genomics Business Plan competition 7 Irish start-ups transforming the manufacturing floor Cork-based Trustap raises $10m ahead of new product launch OpenAI backs automation start-up Poetic in $50m round Swedish legal-tech Legora plans London and European expansion Dublin-based AI IP start-up Midnight Labs backed by Sony AI company PhysicsX raises $300m in Series C funding round Nvidia, Fei-Fei Li back Generalist’s $400m round to scale AI robotics Irish co-founded Wordsmith raises $70m, plans jobs in Ireland French quantum start-up Quobly bags €115m ahead of market debut Dublin's Fonoa raises $110m and snaps up PwC tax platform 319 Irish start-ups raised €992m in 2025, but funding cooled post Q1 Teacher-founded AI edtech Diotima spins out from Trinity VC funding of Irish SMEs falls 58pc in Q1, IVCA finds The Interview: Andreea Wade quits VC to fix AI’s invisible plumbing problem EU taps Sweden's EQT to manage major €5bn Scale-up Europe Fund 10 Irish medtech start-ups innovating the game Euan Blair’s edtech Multiverse valued at $2.1bn after $70m raise Dublin’s Lios gets renewed €2m ESA contract for its acoustic tech The Interview: Faye Walsh Drouillard on building an impact fund from Ireland Quantum start-up Algorithmiq raises €18m amid Milan move Europe’s $17bn tech quarter: AI, deep tech win as fintech slides Software company Barespace launches embedded finance platform EU-backed Kembara's first big bet is $160m Quantum Motion round Tissue repair therapy Substrato wins best pitch at EI Start-Up Day Enterprise Ireland pumped €33m into home-grown start-ups in 2025 German quantum computing start-up Eleqtron raises €57m Cork’s Nexalus teams with TuffTek for next-gen cooling systems What EU Inc really means for Europe’s start-ups – a legal view UK's IoT Tribe launches Dublin base with two new hires David Silver's Ineffable Intelligence raises $1.1bn Vinted hits €8bn valuation in oversubscribed €880m share sale Cohere buys Aleph Alpha to forge sovereign AI alternative to US Big Tech Swedish legal-tech Legora buys AI legal research start-up Qura Belfast’s Cloudsmith eyes ‘massive growth’ with $72m raise France's Univity raises €27m to allow European telecoms to compete with Starlink Stripe alum's Seapoint raises €7.5m as ‘financial home’ to start-ups Irish co-founded AI start-up Lua raises $5.8m Dublin tech company Vox Talk raises €1.35m in pre-seed round Irish-founded Ulysses raises $46m in rounds featuring A16Z Solidroad raises $25m as demand for QA product sparks fresh hiring Danish finance AI start-up Spektr raises $20m Dublin's Audrey AI closes $1.8m pre-seed funding round Dublin start-up Otel AI raises €2m to expand hotel AI platform Bull and Equal1 to advance next gen of hybrid quantum tech in Europe Dublin AI SaaS provider Apex B2B launches with €1.5m backing Medtech start-up Vertigenius raises €2.55m for US expansion Dublin start-up Zellor bags €850k for AI shopping assistant Irish co-founded Prism Layer out from stealth with $1m raise Galway-based AI start-up Octostar raises €6.1m Space-tech start-up Starcloud raises $170m to hit unicorn status Irish co-founded Icarus to test robot labour in space mission Quantum computing company IQM to fuel R&D with €50m investment French AI start-up Mistral raises $830m in debt Legal-tech start-up Harvey valued at $11bn after new raise of $200m Dublin's Grand raises $5m pre-seed for ‘real-world’ payment network Chip lithography start-up Lace raises $40m for tech development Bluesky reveals it quietly raised $100m Series B back in April 2025 Kota ranks ninth in Sifted’s 100 fastest-growing UK and Irish start-ups list Commission says EU Inc will be in place by end of 2026 ‘Vibe-coding’ start-up Replit raises $400m in Series D funding French insurtech Alan surges to €5bn valuation mark Legal AI start-up Legora hits $5.55bn valuation with latest raise More women founders raising funds, but deal sizes are down Cork insurtech Kayna raises €1.5m seed to fuel US, UK expansion
Dublin document automation start-up Better Futures raises €600,000
Suhasini Srinivasaragavan · 2026-05-21 · via Start-ups – Silicon Republic

From left: Anthony Mc Loughlin, Better Futures; Amanda Ward and Edward Byrne, Enterprise Ireland. Image: Paul Sharp/Sharppix

The start-up is building towards a larger VC-led investment round, said CEO Anthony Mc Loughlin.

Dublin-based automation platform Better Futures has raised €600,000 from Enterprise Ireland, under its High Potential Start-Up programme, and private angel investors to expand its product and go-to-market teams.

The round brings the 2023-founded start-up’s tally to €1.1m in total funding raised.

The start-up wants to reduce the time spent by engineering teams managing documentation. Its AI platform – called ‘EVA’ and specifically designed for governed automation – enables teams to encode regulation, standards, rules, templates and expert knowledge upfront, and use that knowledge to automate and validate documentation workflows, according to the company.

The funding announcement coincides with the launch of Better Futures’ next-generation of EVA, which it said is designed to scale customer use cases across complex engineering documentation workflows and enable broader self-service adoption.

The launch builds on the start-up’s experience with early customers, including manufacturers ABB and Bausch+Lomb, Better Futures said. It raised €500,000 in a pre-seed round in 2024 to launch EVA.

The NovaUCD-headquartered company said it will use the freshly raised funds to further develop EVA and also expand customer adoption across regulated industries including energy, life sciences, aerospace and advanced manufacturing.

“In highly regulated industries, engineers can spend more time on documentation than engineering itself. AI can help automate but it is not just about generating content faster. The key challenge is trust,” said Anthony Mc Loughlin, the founder and CEO of Better Futures.

“[EVA] is a governed AI platform designed to bring trusted automation to complex engineering documentation workflows.”

The start-up is building towards a larger VC-led investment round to accelerate growth and establish leadership in this emerging market, Mc Loughlin added.

Better Futures is also a client company of the European Space Agency (ESA) Business Incubation Centre (BIC) Ireland initiative at NovaUCD.

ESA BIC Ireland – managed by ESA Space Solutions Centre Ireland, a consortium partnership made up of a number of Irish universities – supports companies in the country that are using space technology and data.

Amanda Ward, the head of digital technologies at Enterprise Ireland, said: “AI is now central to Ireland’s start-up ecosystem, with a new generation of AI-first Irish founders building from Ireland for international customers.

“Better Futures is a clear example of that ambition – applying AI to a genuine commercial challenge in highly regulated industries, where AI adoption must be low-risk, informed and commercially grounded.”

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