EIIS Innovation Fund invests €1M in Spark

EIIS Innovation Fund invests €1M in Spark

The EIIS Innovation Fund has invested €1 million in Spark, an award-winning firm specializing in improving operational efficiencies and discovering new revenue opportunities for SMEs and enterprises through data and artificial intelligence. Despite being just three years old, Spark has expanded to over 50 employees in Dublin and Malaga and plans to double its workforce in the next year. This investment, part of a €7 million funding round, will aid Spark's expansion in Ireland, the UK, and North America, enabling them to grow their team and prepare for their first acquisition. Kevin Canning, Investment Director of The EIIS Innovation Fund, will become an advisor to Spark, expressing excitement about Spark's exceptional growth and strong customer acquisitions, including companies like Hertz, Walgreens, Boots, and Heineken.