Belfast sports tech start-up Kairos launches new US office after securing £1.5m seed funding
BELFAST sports tech firm Kairos has launched a new office in the US after closing a £1.5 million seed round of investment.
The company, set up in 2018 by former Irish rugby international Andrew Trimble and Belfast-based entrepreneur, Gareth Quinn, is also eyeing further expansion across the UK and Ireland following the latest cash injection.
Kairos’ platform is used by elite sports teams and athletes to manage all aspects of their schedules and provide reliable communication channels.
It’s currently being utilised by clubs in every tier of English football, as well as international sides and premiership and PRO14 rugby sides.
The Belfast tech firm said its recent success has resulted in an expansion of its workforce, helping secure new customers in the US, Canada, Australia and Singapore.
Andrew Trimble seed the latest seed funding will help the tech start-up respond to its growth and further develop the platform.
The seed funding has been sourced from Techstart Ventures LLP, which provides support for early-stage tech businesses and university spin-outs through £50m of equity funds.
Techstart also manages a £4.5m ‘proof of concept’ grant fund for Invest NI, which is part funded by the EU.
Allen Martin, investment director at Techstart Ventures said: “As a first cheque investor, we are delighted to support Kairos in this funding round. Having had direct experience in professional sport, founder Andrew Trimble identified an exciting opportunity for a technology platform to meet the requirements of elite sport.
“With an innovative platform and growing customer base, in what is an international market opportunity, we look forward to working with Kairos to support the next stage of growth.”