Elkstone

This venture capital firm invests in entrepreneurs, executives, and startups, with a focus on supporting growth in Ireland's economy and community.

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Updated: Jan 22, 2026 ·

About

Elkstone is the leading Irish Investment House focused on Entrepreneurs, Senior Executives, Institutional LPs, the Venture Community and Irish Diaspora. Our mission is to increase the economic value and overall wellbeing of the Island of Ireland by growing our network, enabling deserving investments and delivering superior investment performance.

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Sep 1, 2025	Barespace	$3.0M Seed	—	Atlantic Bridge
Jun 1, 2025	Global Token Exchange	$15.0M Series A	—	Afore Capital, Anthemis Group, CapitalX, Matt Ocko, Dreamers VC, Greycroft, No Label Ventures, Paradigm, Rajan Anandan, RTP Global, SNR, Streamlined Ventures, Taurus Ventures, Trajectory Ventures, Venture Highway, Village Global, Y Combinator, Ali Moiz, Alison Engel, Arash Ferdowsi, Gokul Rajaram, Ilya Kondrashov, Immad Akhund, Mike Giampapa, Munish Varma, Sahin Boydas, Sumon Sadhu, Viral Bajaria
Mar 1, 2025	Mesh	$82.0M Series B	—	Afore Capital, Anthemis Group, Artichoke Capital, CapitalX, Matt Ocko, Dragonfly Capital Partners, Dreamers VC, Electric Capital, Greycroft, No Label Ventures, Paradigm, Rajan Anandan, Placeholder, RTP Global, Sequoia Capital, SNR, Streamlined Ventures, Taurus Ventures, The Hit Forge, Trajectory Ventures, Venture Highway, Village Global, Y Combinator, Ali Moiz, Alison Engel, Ameet Patel, Arash Ferdowsi, Gokul Rajaram, Immad Akhund, Mike Giampapa, Munish Varma, Sahin Boydas, Sumon Sadhu, Viral Bajaria
Mar 1, 2025	A1Base	$500K Seed	—	Afore Capital, Anthemis Group, CapitalX, Matt Ocko, Dreamers VC, Greycroft, No Label Ventures, Paradigm, Rajan Anandan, RTP Global, SNR, Streamlined Ventures, Taurus Ventures, Trajectory Ventures, Venture Highway, Village Global, Y Combinator, Ali Moiz, Alison Engel, Arash Ferdowsi, Gokul Rajaram, Ilya Kondrashov, Immad Akhund, Mike Giampapa, Munish Varma, Sahin Boydas, Sumon Sadhu, Viral Bajaria
Feb 1, 2025	ZeroRisk.io	$4.0M Seed	—	Afore Capital, Anthemis Group, CapitalX, Matt Ocko, Dreamers VC, Greycroft, No Label Ventures, Paradigm, Rajan Anandan, RTP Global, SNR, Streamlined Ventures, Taurus Ventures, Trajectory Ventures, Venture Highway, Village Global, Y Combinator, Ali Moiz, Alison Engel, Arash Ferdowsi, Gokul Rajaram, Ilya Kondrashov, Immad Akhund, Mike Giampapa, Munish Varma, Sahin Boydas, Sumon Sadhu, Viral Bajaria
Feb 1, 2025	Project B	$4.0M Seed	—	—
Feb 1, 2025	Zymvol Biomodeling	$3.0M Seed	—	Austin Walne, Faber, LGF, Pareto Holdings
Jan 1, 2025	Output Sports	$5.0M Seed	—	Atlantic Bridge, DreamIt Ventures
Dec 1, 2024	Jentic	$4.0M Seed	—	20VC, AngelList Syndicator, Antler, Felix Capital, Molten Ventures, True Ventures, Darius Contractor, Jan Deepen, Jeremy Yap, Pete Koomen, Shane Neman, Stefan Jeschonnek
Dec 1, 2024	LaNua Medical	$6.0M Seed	—	Haatch
Sep 1, 2024	Retrograde	$2.0M Seed	—	Aniq Kassam
Jun 1, 2024	Zepto	$670.0M Series F	—	Austin Walne, Contrary Capital, Faber, Glade Brook Capital Partners, Goodwater Capital, LGF, Pareto Holdings, Target Global, Venture Highway, Y Combinator, Gerald Parloiu, Manik Gupta, Oliver Jung
May 1, 2024	Jamango	$3.0M Seed	—	—
Apr 1, 2024	Vista Power	$980K Seed	—	FAST — by GETTYLAB, Twenty Two Ventures, Y Combinator, Carl Bass, Shane Neman
Feb 1, 2024	Biofire	$7.0M Series A	—	14W, 20VC, Adjacent, Afore Capital, Also Capital, Anthemis Group, CapitalX, Countdown Capital, Matt Ocko, Dreamers VC, First Round Capital, Founders Fund, Greycroft, Greylock, Index Ventures, K2 Global, Liquid 2 Ventures, Night Capital, No Label Ventures, Paradigm, Rajan Anandan, Playground Global, RTP Global, SNR, Stellar Capital, Streamlined Ventures, Taurus Ventures, Trajectory Ventures, Valhalla Ventures, Venture Highway, Village Global, Virginia Venture Partners, Y Combinator, Alexandre Scialom, Ali Moiz, Alison Engel, Andrew Maywah, Arash Ferdowsi, Bradley Horowitz, Casey Neistat, Gokul Rajaram, Ilya Kondrashov, Immad Akhund, James Beshara, Jean Charles Samuelian, Mike Giampapa, Munish Varma, Steve Schlafman, Sumon Sadhu, Thibaud Elziere, Viral Bajaria
Dec 1, 2023	Kerno	$2.0M Seed	—	—
Dec 1, 2023	Shook	$2.0M Seed	—	Icebreaker.vc, Outrun Ventures, Seedcamp
Nov 1, 2023	Output Sports	$3.0M Seed	—	Atlantic Bridge, DreamIt Ventures
Nov 1, 2023	EarnBetter	$5.0M Seed	—	Afore Capital, Andreessen Horowitz, Anthemis Group, CapitalX, Matt Ocko, Dreamers VC, Gradient Ventures, Greycroft, Haystack, LGF, NFX, No Label Ventures, Paradigm, Rajan Anandan, RTP Global, Seven Seven Six, SNR, Streamlined Ventures, Taurus Ventures, Trajectory Ventures, Tribe Capital, Venture Highway, Village Global, Y Combinator, Zeev Capital, Ali Moiz, Alison Engel, Arash Ferdowsi, Charlie Songhurst, Ilya Kondrashov, Immad Akhund, Matt Brezina, Mike Giampapa, Munish Varma, Sahin Boydas, Sumon Sadhu, Viral Bajaria
Oct 1, 2023	VMind AI	$2.0M Seed	—	500 Startups Latam, 99 Startups, Afore Capital, Anthemis Group, Autopilot Fund, CapitalX, Collaborative Seed & Growth Partners, Matt Ocko, DCVC (Data Collective), DGF Investimentos, Draper Cygnus, Dreamers VC, Jenny Fielding, Scott Hartley, General Catalyst, Greycroft, Kepler Operator’s Fund, Latitud, Lead Edge Capital, monashees, Next47, No Label Ventures, Operate, Paradigm, Rajan Anandan, QED Investors, Hayden Simmons, Nakul Gupta, Ride Home Fund, RTP Global, Sapphire Ventures, SNR, Soma Capital, Streamlined Ventures, Taurus Ventures, Trajectory Ventures, Venture Highway, Village Global, Y Combinator, Ali Moiz, Alison Engel, Arash Ferdowsi, Balaji Srinivasan, Cory Levy, Duran Cesur, Gokul Rajaram, Ilya Kondrashov, Immad Akhund, Mike Giampapa, Munish Varma, Parker Treacy, Sahin Boydas, Sam Altman, Sumon Sadhu, Tyler Willis, Viral Bajaria, Zecca Lehn
Aug 1, 2023	Zepto	$230.0M Series E	—	Austin Walne, Contrary Capital, Faber, Glade Brook Capital Partners, Goodwater Capital, LGF, Pareto Holdings, Target Global, Venture Highway, Y Combinator, Gerald Parloiu, Manik Gupta, Oliver Jung
Jun 1, 2023	Mesh	$2.0M Seed	—	No Label Ventures
Jun 1, 2023	Versori	$3.0M Seed	—	Afore Capital, Anthemis Group, CapitalX, Matt Ocko, Dreamers VC, Greycroft, National Grid Partners, No Label Ventures, Paradigm, Rajan Anandan, RTP Global, SNR, Stage 2 Capital, Streamlined Ventures, Taurus Ventures, Trajectory Ventures, Venture Highway, Village Global, Y Combinator, Ali Moiz, Alison Engel, Arash Ferdowsi, Gokul Rajaram, Ilya Kondrashov, Immad Akhund, Mike Giampapa, Munish Varma, Sahin Boydas, Sumon Sadhu, Viral Bajaria
Apr 1, 2023	Zerve AI	$4.0M Seed	—	—
Mar 1, 2023	Bluedrop Medical	$11.0M Seed	—	Atlantic Bridge, Finch Capital, SOSV

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Elkstone.

Leadership Team

Key people at Elkstone.

Deep Dive

High-Level Overview

Elkstone is a leading Irish venture capital and alternative investment firm focused on supporting entrepreneurs, executives, and startups that drive growth in Ireland’s economy and community. Its mission centers on backing exceptional Irish founders building internationally scalable companies, fostering innovation, and creating high-quality local employment. Elkstone’s investment philosophy emphasizes being additive to the Irish startup ecosystem by leveraging a unique value-add approach and a global network to help indigenous startups scale globally while remaining headquartered in Ireland. Key sectors include technology-driven startups in AI, cybersecurity, health tech, and digital platforms. Elkstone has invested in over 65 companies, including notable unicorns like Flipdish and LetsGetChecked, contributing to over 1,000 jobs and enabling portfolio companies to raise more than €600 million in follow-on funding[1][2].

Origin Story

Founded in 2011, Elkstone began as a diversified alternative investments firm specializing in private market investments such as real estate, private equity, and venture capital. Over time, it evolved to become Ireland’s largest early-stage venture investor, building a stellar portfolio of Irish startups. Key partners and leadership have driven the firm’s focus on supporting Irish entrepreneurs with vision and grit to build category-defining global companies. Elkstone played a pivotal role in advocating for legislative changes that enabled the launch of Ireland’s largest early-stage venture fund, the €100 million Elkstone Ireland Venture Fund, anchored by the Ireland Strategic Investment Fund (ISIF) and supported by Enterprise Ireland[1][3][4].

Core Differentiators

Unique Investment Model: Elkstone combines private client capital with institutional partnerships (ISIF, Enterprise Ireland) to create Ireland’s largest early-stage venture fund, focusing on impact-driven investments that scale internationally while fostering local job creation[1][2].
Network Strength: Unrivalled access to top Irish deal flow and a global network that supports startups’ international expansion.
Track Record: Over €150 million invested in 65+ companies, including three unicorns; portfolio companies have collectively raised over €600 million in follow-on funding and created 1,000+ jobs[1][2].
Operating Support: Provides value-add services beyond capital, including strategic guidance, market access, and ecosystem advocacy to help startups grow sustainably and scale globally[1][2].

Role in the Broader Tech Landscape

Elkstone rides the global trend of early-stage venture capital fueling innovation and economic growth by focusing on Ireland’s vibrant startup ecosystem. The timing is critical as Ireland seeks to retain top talent and build globally competitive tech companies headquartered locally. Market forces such as increased government support, legislative changes, and growing international interest in Irish startups favor Elkstone’s model. By bridging private and institutional capital and advocating for ecosystem development, Elkstone significantly influences Ireland’s broader tech landscape, helping to position the country as a hub for scalable tech innovation[1][3][5].

Quick Take & Future Outlook

Elkstone is poised to expand its impact with plans to raise a second venture fund targeting up to €200 million, aiming to fill gaps in all-island venture capital and continue supporting high-potential Irish startups. Future trends shaping its journey include increased focus on AI, cybersecurity, and health tech sectors, alongside growing global demand for innovative Irish companies. Elkstone’s influence is likely to deepen as it continues to catalyze capital recycling, job creation, and international scaling of Irish startups, reinforcing its role as a cornerstone of Ireland’s venture ecosystem[1][5].

In summary, Elkstone exemplifies a mission-driven venture capital firm that not only invests capital but actively nurtures Ireland’s entrepreneurial community, driving sustainable economic growth and global competitiveness.

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Elkstone combines private client capital with institutional partnerships (ISIF, Enterprise Ireland) to create Ireland’s largest early-stage venture fund, focusing on impact-driven investments that scale internationally while fostering local job creation[1][2].
Network Strength: Unrivalled access to top Irish deal flow and a global network that supports startups’ international expansion.
Track Record: Over €150 million invested in 65+ companies, including three unicorns; portfolio companies have collectively raised over €600 million in follow-on funding and created 1,000+ jobs[1][2].
Operating Support: Provides value-add services beyond capital, including strategic guidance, market access, and ecosystem advocacy to help startups grow sustainably and scale globally[1][2].