A Falcarragh-based technology firm has secured €1m funding for a new food safety product.
Kelsius, which also has offices in Belfast, says it secured funding with the Quinn (formerly Superquinn) Family investing alongside existing investors Enterprise Equity Northern Ireland and the Western Development Commission.
The investment round will enable the Company to build on the significant market traction generated by its evolutionary new Food Safety solution, FoodCheck™.
Kelsius has completed a new VC-led investment round injecting €1 million of capital into the Company. Eamonn Quinn (former Deputy Chairman Superquinn) has joined the board as non-executive chairman. Existing shareholders, Enterprise Equity Northern Ireland, the Western Development Commission and angel investor Art McGann also participated in the funding round.
Kelsius supplies technology based automation systems for food and drug safety and regulatory compliance to the food services industry and the healthcare [hospital] sector. The tech company raised this latest round in order to fund its go-to-market plan for its revolutionary new product, FoodCheck™.
FoodCheck combines wireless sensor technology for food temperature monitoring and recording with an intuitive tablet PC-based application which also facilitates the management and recording of hygiene related tasks.
FoodCheck is undergoing trials with a number of major UK and Irish food services and retail companies at present.
Commenting on the investment, Eamonn Quinn said: “Management of food safety is a constant task, no matter what other priorities are facing the business – we all know the consequences when things go wrong.
“The Kelsius FoodCheck system applies modern technology for the first time to the task of food safety management. I believe FoodCheck will make retailers’ lives easier while improving standards in a transparent and cost effective way.”
Kelsius CEO Ultan O’Raghallaigh said today: “Getting the endorsement of the Quinn family, with their track record over many years in the food industry, is probably as important for Kelsius as the financial investment.
“FoodCheck has gained significant traction in the market since its launch in April of this year and is being evaluated and trialled by a number of international food services organisations.”
Kelsius supplies products to the pharmaceutical, food services and the healthcare sectors.
FoodCheck combines wireless sensor technology for food temperature monitoring and recording with a tablet PC-based application which can also manage and record hygiene related tasks.
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