Donegal Company secures 50K investment from Enterprise Ireland

A Donegal company has been named amongst  ten successful companies across the country that have been awarded funding under Enterprise Ireland’s new Internet and Games Competitive Start Fund.

Franklyweb Ltd, Donegal, which offers a Subscription based clothing product range, will receive 50 thousand euro under the scheme.

It's aim is to stimulate the emergence of internet-based companies in Ireland and to broaden their international base and scale.

In exchange for the investment the company must give up a 10% ordinary equity stake but will also receive the support of an experienced business mentor.