Irish software company raising funds only using LinkedIn.
A Limerick company which has developed software for managing projects, has completed a private fundraising round using only the social networking website LinkedIn.
According to executive chairman Frank Hannigan, the company is selling off 10 slots to investors at €25,000 each – each equivalent to a 2 per cent stake in the company.
Seven hundred e-mails were sent to potential investors through LinkedIn earlier this month, generating 200 replies by phone, e-mail and Twitter. The company raised €162,500 in just eight days.
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Keywords: Frank Hannigan, Twitter, fundraising, LinkedIn
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