Ocuco Limited - ISIF FundingMonday, 12 July 2021
ByrneWallace LLP has acted for Ocuco Limited on the recent commitment by the State backed Irish Strategic Investment Fund (“ISIF”) of up to €15million with a follow up investment planned in the next two years. Ocuco is an Irish technology company that provides software to optical retail chains and lens manufacturers in Europe, North America and Asia. The funding which comes from ISIF’s Pandemic Stabilisation and Recovery Fund will support research and development (R&D) and product development at Ocuco’s global headquarters in Blanchardstown with the creation of up to 25 software developer roles expected.
The ByrneWallace team who advised on the transaction was led by Neil Keenan, Partner and Head of Corporate (who has acted for Ocuco since 2005) and Triona Ryan, Senior Associate in Banking & Finance. The team also included Mark Kavanagh, Partner and Head of Banking & Finance, Solicitor Genevieve Gallagher from the Banking & Finance Team, and Solicitor Bianca McLaughlin from the Corporate Team.
ByrneWallace LLP have advised a number of clients over the last twelve months who have received funding from ISIF including Staycity.