Lintil has received funding of €270,000 from the Kerry HBAN branch and now plans to expand its team.
The Kerry Angel Network is making its first investment, putting €270,000 into online home buying platform Lintil.
The Kerry-based group of angel investors is part of the broader, all-island Halo Business Angel Network (HBAN), which is a joint initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland.
Dublin-headquartered Lintil plans to use the angels’ funding to hire six more staff and expand into the UK market. The proptech start-up, which recently launched a virtual assistant for home buyers, has raised a total of €1m in seed funding, which includes the €270,000 investment made by the Kerry angels.
HBAN’s Kerry Angel Network launched in November 2020 and the group’s primary focus is on building awareness of angel investing among Kerry-based companies, or companies that might want to locate in Kerry.
Kerry Angel Network chair Sean Ryan said Lintil was a “standout example of the type of quality start-up” that HBAN introduces to business angels to seek a significant return on investment.
“The Lintil team has demonstrated an appreciation of evolving market trends, and we’re delighted to support them as they grow,” he added.
Emmet Creighton, co-founder and CEO of Lintil, said the funding injection represented a “proud milestone” for his platform.
“We are also delighted to announce that this funding will enable the creation of six new jobs at Lintil, and support our ambition to expand into the UK market. HBAN has been a great support in helping us identify well-suited angel investors who believe in our offering, while providing unrivalled strategic advice and contacts that will help accelerate our expansion.”
The start-up currently employs six staff members and has around 3,000 customers.