About Banach Technology
Banach Technology is a company based in Dublin (Ireland) founded in 2015 was acquired by PointsBet in March 2021.. Banach Technology has raised $3.67 million across 2 funding rounds from investors including PointsBet, James Mangan and David Power.
- Headquarter Dublin, Ireland
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Funding Insights of Banach Technology
Banach Technology has successfully raised a total of $3.67M across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $1.1 million completed in October 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Angel Round — $1.1M
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First Round
First Round
(02 Jul 2018)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Angel Round - Banach Technology | Valuation | James Mangan , David Power |
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| Jul, 2018 | Amount | Angel Round - Banach Technology | Valuation | David Power , Stewart Kenny |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Banach Technology
Banach Technology has secured backing from 7 investors, including angel investors. Prominent investors backing the company include PointsBet, James Mangan and David Power. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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JM
James Mangan |
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Founded Year | Domain | Location |
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DP
David Power |
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Founded Year | Domain | Location |
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SK
Stewart Kenny |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Banach Technology
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Banach Technology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Banach Technology Comparisons
Competitors of Banach Technology
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Banach Technology
When was Banach Technology founded?
Banach Technology was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Banach Technology located?
Banach Technology is headquartered in Dublin, Ireland.
Is Banach Technology a funded company?
Banach Technology is a funded company, having raised a total of $3.67M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $2.57M, raised on Jul 02, 2018.
What does Banach Technology do?
Banach was founded in 2015 and is headquartered in Dublin, Ireland. Technology solutions are provided by the company to automate various processes within the gaming industry. Operations are centered on software development that streamlines game-related tasks, including testing, deployment, and optimization. Services are targeted at game developers seeking efficiency improvements. The focus remains on the European market, with potential for global expansion through its domain, banachtechnology.com.
Who are Banach Technology's investors?
Banach Technology has 7 investors. Key investors include PointsBet, James Mangan, David Power, Stewart Kenny, and Patrick Kennedy.
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