Slick+, the Irish software startup, has announced a significant funding milestone of €500,000, with €150,000 secured from Enterprise Ireland through its High Potential Start-Up (HPSU) programme.

This investment, which is match funded by Growing Capital VC, comes with an additional €200,000 to be unlocked based on performance, and will fuel the company's growth and product development. 

L-R: Paul Conneally, CEO and co-founder, Slick+, minister Peter Burke, Linda Hegarty, CXO and co-founder, Slick+, Gianni Matera, CEO, Growing Capital, Marina Donohoe, head of R&I, Enterprise Ireland.

This funding marks a crucial step for Slick+ as it addresses the challenge of capturing, curating, and sharing organisation-specific knowledge in the hybrid world of work.

The investment will enable the creation of 12 jobs over the next 12 months, primarily in product development, marketing, partnerships and customer success roles.

Video-based social learning solution

Founded in October 2023 and co-located between Sligo and Galway, Slick+ has developed a groundbreaking short-form, video-based social learning solution that brings a consumer-grade experience to the world of work.

Currently working with more than 20 corporate clients, the platform is the result of more than 12 months of research and development, working closely with universities, companies and end-users.

Linda Hegarty, CXO and co-founder of Slick+, said: "This investment from Enterprise Ireland is a testament to the potential of our innovative solution to knowledge sharing and to the dozens of organisations we support and partner with. In today's hybrid work environment, ensuring that organisational knowledge is accessible and engaging is more crucial than ever, particularly for onboarding (and retaining) new hires and mentoring virtual teams.

"With this funding, we're poised to expand our team and accelerate our product development, bringing our solution to more businesses across Ireland, the UK and beyond."

Enterprise minister Peter Burke said: “Innovation is crucial for Irish startups to grow and scale both here and on an international level. The success of Slick+ centres on their ability to listen to the needs of the market and provide an innovative product offering which will help companies share organisation-specific knowledge in this new era of hybrid working.

"High Potential Start-up companies like Slick+ are vital components of a robust economy and the investment secured is a testament to the dedication of the Slick+ team."

Donnchadh Cullinan, department manager, ICT HPSU, Enterprise Ireland, said: “Enterprise Ireland supports innovative startups that offer solutions to global problems. Slick Plus novel and innovative easy-to-use solution provides an effective approach to tackling the challenges of knowledge management in the modern workplace.”