Bank of Ireland have today announced the opening of startlab NYC, an incubation space that will support Bank of Ireland startup customers seeking to scale their business and enter the US market. The collaborative space, located in Manhattan on the 41st floor of 2 Grand Central, is the first offering of its kind from an Irish bank outside of Ireland.
Category: Venture Capital
Frontline Ventures wraps up second fund
Dublin and London-based Frontline Ventures , an early-stage venture firm, has closed its second fund at 60 million euros. The firm backs B2B software companies, making investments that are between 200,000 euros and 3 million euros.
Deals of the day-Mergers and acquisitions
** Britain’s Centrica has completed its withdrawal from wind power generation with the sale of a 50 percent stake in the Lincs offshore wind farm to the Green Investment Bank and its offshore wind fund, the companies said. ** Private equity firms Advent and Bain Capital agreed to buy German payment group Concardis from a group of private, savings and cooperative banks, the parties said in a joint statement, not disclosing a purchase price.