Twitter co-founder backs Irish company

27 Jan 2012

Twitter co-founder Biz Stone

Biz Stone, co-founder of microblogging site Twitter, is investing in Irish software start-up Intercom to the amount of US$1m (€760,000), The Irish Times reports.

High-profile Irish and international technology investors are providing the funding, the newspaper reported Intercom chief executive Eoghan McCabe as saying at the 500 Startups demo day in San Francisco yesterday.

Paul Adams, an Irish-born Facebook executive, is also taking part in the investment. He and Stone will join Intercom’s advisory board. Irish technology entrepreneurs Paddy Holohan and Eamonn Leonard are also participating in the investment.

Intercom, McCabe said, allows users to find out more about their customers and communicate with them more effectively. He described Intercom as being a cross between a customer relationship management system and an instant-messaging platform, The Irish Times said.

McCabe, Des Traynor, Dave Barrett and Ciarán Lee founded Intercom in Dublin last year.