About Banach Technology
Banach Technology is a company based in Dublin (Ireland) founded in 2015, and was acquired by PointsBet in March 2021. Technology is developed to automate multiple processes in games. Banach Technology has raised $3.67 million across 2 funding rounds from investors including PointsBet, James Mangan and David Power.
Company details
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.
- Headquarters Dublin, Ireland
- Stage Acquired
- Phone•••• ••••
- Website banachtechnology.com
- Social LinkedIn
- Acquired by PointsBet (Mar 2021)
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 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 $3.67M
- Total Rounds 2
- Last Round Angel Round — $1.1M
- First Round $2.57M
(Jul 2018)
- Investors Count 6
All 2 funding rounds of Banach Technology with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2019 | $1.1M | Angel Round | – | James Mangan, David Power | – |
| Jul 2018 | $2.57M | Angel Round | – | David Power, Stewart Kenny |
7 investors in total: 1 institutional and 6 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
JM James Mangan | unknown_4c1d143ab4774bd48 | |||
DP David Power | unknown_8738f4dedca14976a | |||
SK Stewart Kenny | unknown_0539c5f2edc044568 | |||
PK Patrick Kennedy | unknown_b2ae321595934293a | |||
CM Cormac McCarthy | unknown_79614039e0e64b8a8 | |||
NM Nick Maughan | unknown_3151533f405b46c3a | |||
Online sports betting platform developed for diverse sports events. | 2017 | pointsbet.com.au | Richmond, Australia |
Investor details for Banach Technology
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Banach Technology
1 people are tracked at Banach Technology (1 in leadership).
| Name | Role | Group |
|---|---|---|
Mark Hughes | CEO | Leadership |
Complete people profiles for Banach Technology
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Banach Technology
4 dated milestones of Banach Technology across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Banach Technology is founded.
- Funding First funding round of $2.6M.
- Funding Latest funding round, Angel Round, of $1.1M.
- Exit Acquired by PointsBet.
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Frequently Asked Questions about Banach Technology
Banach Technology was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Banach Technology is headquartered in Dublin, Ireland.
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 2018.
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.
Banach Technology has 7 investors. Key investors include PointsBet, James Mangan, David Power, Stewart Kenny, and Patrick Kennedy.
Yes. Banach Technology was acquired by PointsBet in March 2021.