# Grid Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grid-finance

- Industry: Financial Services
- Headquarters: Dublin, Ireland
- Website: www.gridfinance.ie
- Total disclosed funding: $3.6M
- Latest round: Series A (Sep 4, 2017)
- Investors on record: 3

## About

Grid Finance Impact Limited, located in Dublin, Ireland, provides tailored financing solutions to small and medium enterprises (SMEs), enabling them to manage cash flow and sustain growth through flexible loan and leasing options.Grid Finance was established in 2013 as a financing company focused on supporting small and medium enterprises in Ireland. The firm has completed 3 deals, with the most recent being a VENTURE DEBT round where they raised EUR 100.00 mn from Fasanara Capital, increasing their total funding to EUR 3.00 mn. The company is led by CEO Derek Butler and co-founded by Fouad PMI-ACP® and Manav Mishra.GRID Finance specializes in providing flexible financing solutions tailored specifically for small and medium enterprises (SMEs). Its core offerings include business loans of up to EUR 500,000 with adaptable repayment structures that align with the client's daily revenue, designed for SMEs facing fluctuating income. Additionally, GRID Finance offers flexible leasing options for essential equipment, allowing businesses to acquire necessary assets without significant upfront costs.GRID Finance reported a revenue of EUR 642,316.20 for the most recent year, 2018, with an EBITDA of EUR -1,353,065. This revenue model is built on the provision of financing and leasing services designed to accommodate the cash flow patterns of its SME clientele, fostering long-term partnerships through valuable financial insights and support.In January 2025, Grid Finance secured EUR 1.5 million in venture debt funding from the European Investment Fund. This funding is earmarked for broadening their product range and enhancing organizational capabilities. The company plans to introduce new financing solutions aimed at better serving SMEs in Ireland and is also exploring expansion into additional European markets.

## Funding rounds

- Series A, Sep 4, 2017, $3.6M — Enterprise Ireland, Kilcullen Kapital Partners, Odysseus Investments

## Investors

- Enterprise Ireland (https://capitalatlas.ai/funds/enterprise-ireland) — Series A
- Kilcullen Kapital Partners (https://capitalatlas.ai/funds/kilcullen-kapital-partners) — Series A
- Odysseus Investments (https://capitalatlas.ai/funds/odysseus-investments) — Series A