- Name: WakeUp Capital
- Headquarters: Dublin, Ireland
- Website: https://www.WakeUpCapital.com/
- Investment focus: Climate solutions, health and wellbeing
- Investment geographies: Europe, North America
- Eligible LPs: Accredited investors, family offices, high net worth individuals, institutional investors
Dublin-based WakeUp Capital is working to put Ireland on the climate and impact map by supporting the country’s early-stage startups and helping them scale across Europe, while also investing in promising young startups elsewhere in Europe. It is focused on inclusive solutions for underserved populations. Unlike many early-stage venture funds, WakeUp Capital targets hardware as well as software solutions.
“We saw the lack of funds like WakeUp Capital as a real opportunity to be a catalyst” for Ireland’s startup scene, WakeUp’s Faye Drouillard told ImpactAlpha. “Ireland is a standout country for entrepreneurship, but you really need to export to scale.”
“Our fund aligns with what’s going on across Europe, but we have an Irish slant, and are strategically and advantageously using that as our base, which really resonated with LPs,” she adds.
WakeUp’s first fund targets companies at the seed and Series A stage, writing checks of €250,000 to €750,000 (about $270,000 to $820,000) in up to 30 companies. It is reserving a full 60% of capital for follow-on investments.
The fund has so far invested in one Irish company: Peri, a startup making wearables to enhance care for women in perimenopause. It has also backed energy data software venture Lumoview in Germany; UK-based SEES.AI, which is making drones for infrastructure inspection; and Floreo, a US-based company developing virtual reality tools for neurodiverse learners.
WakeUp reached a €25 million first close for its fund with backing from the government-backed Ireland Strategic Investment Fund and Enterprise Ireland. It also secured an anchor investment from the European Investment Fund.
This profile was written with AI assistance. All content is verified and edited by an ImpactAlpha editorial team member prior to publication.
This publication does not constitute investment advice and should not be relied on to make investment decisions.
