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Delta Partners leads $2.5m funding for Irish e-commerce company Cleverbug.com

29 Feb 2012

Venture firm Delta Partners has led a $2.5m funding round in Irish e-commerce company Cleverbug.com which will allow it to expand into the UK market.

More than 70 per cent of the cash was put up by Delta, with the remainder being invested by Cleverbug.com founder and CEO Kealan Lennon and other angel investors.

Lennon said the push into the UK would soon be followed by a launch in the US market.

The company offers small businesses free customisable e-design templates such as logos, business cards and flyers online, which are then printed and delivered directly to the customer’s door.

Irish Prime Minister Enda Kenny welcomed the funding as an example of the government’s wish to make the country a “digital island”.

He said, “It is really positive to see e-commerce companies like cleverbug.com establish and create jobs here and I particularly welcome such an innovative service, which is focussed on helping small businesses.”

Delta Partners, which was established in 1994, has more than $250m of assets under management, primarily in Ireland and the UK.

In January the firm invested €1.15m in Irish social media technology developer Betapond from its Bank of Ireland Start-up and Emerging Sectors Equity Fund.

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