January 12, 2009
Miniac Venture Capital and Enterprise Ireland Invest 1.25 Million EUR ($2,000,000) in RevaHealth.com
Dublin based RevaHealth.com has received 1.25 million EUR ($2,034,187.83) in funding lead by Miniac Venture Capital and supported by Enterprise Ireland.� RevaHealth.com is a search engine that helps users find and compare health clinics and professionals around the world.� RevaHealth currently has a database of over 60,000 health institutions in the UK, Ireland and 50 other countries.� RevaHealth helps people control which physicians or health clinics they choose.
The venture funding was lead by Miniac Venture Capital, which has been supporting RevaHealth since its founding in 2006.�� Enterprise Ireland invests in the company, because it believes that RevaHealth is a high performance startup and has been investing in the company since 2008.�� According to Miniac Venture Capital�s Hugh O�Niel, many people are starting to pay more attention to their healthcare and are turning to the internet for their heath-related information.� There are over 1.5 million health clinics in the West with a $500 billion turnover in real and absolute terms.�
RevaHealth will use the 1.25 million EUR($2,000,000) to continue to expand its search engine to reach farther into the Far Eastern and American markets.� According th RevaHealth�s CEO, Caelen King, the fact that many people are now turning to the internet for all kinds of information, there is a growing market for health information.� RevaHealth provides a valuable service for people who want to have a larger variety in their choice of healthcare and clinics.�� RevaHeath plans to expand its services later in 2009.
Miniac Venture Capital is one of Ireland�s leading VC firms that focuses on startup companies in the technology industry.� Miniac�s amin purpose is to increase investors� yields by investing in entrepreneurs who show promise in the competitive business environment.��
Miniac provides Seed, Startup and early stage funding to Irish companies.
Enterprise Ireland is a government agency that is responsible for developing and promoting Ireland�s local business sector.� This agency�s sole aim is to accelerate world class Irish businesses to achieve strong positions in the global markets to enhance regional and national prosperity.�