Boole Angel Syndicate targets membership growth after €15m investment milestone.
The Boole Angel Investment Syndicate, based at Cork’s NSC Campus, has invested more than €15m in Irish startups since its inception in 2012 and is now seeking to expand its membership base following a sharp rise in activity.
The not-for-profit group, which facilitates angel investment into high-growth ventures, currently counts 38 active members and aims to increase that number to 50 by April 2026. The syndicate will host a membership event at the NSC Campus in Mahon, Cork, on November 26 from 12pm to 2pm, offering prospective investors an opportunity to learn about angel investing and network with peers.
“Boole’s role is to make angel investment as easy as possible for busy angel investors and to offer support to startup promoters, providing fast responses, feedback and investments”
Boole recorded a 52% increase in investment activity over the past year, committing €2.2 million across 15 deals. These investments often unlock additional funding from private sources, venture capital firms and Enterprise Ireland, multiplying the capital available to startups.
Tax efficient investment returns
Pictured: Mick Conway, Angel Investor and Board Director of The Boole Syndicate; Donagh Kiernan, Managing Director and Board Director of The Boole Syndicate; Denise Tormey, Angel Investor and Board Director of The Boole Syndicate; Fionnuala Wall, Marketing Manager and EU Projects Coordinator at AxisBIC; and Shemas Eivers, Angel Investor and Chair of board of The Boole Syndicate. Photo: John Allen
The syndicate has backed companies including AventaMed, Ovagen, Gasson Medical, Oncoassure, JustTip, FlexiDrive and eIDEasy. It works closely with AxisBIC to provide members access to more than 30 pre-screened, investor-ready startups. Many deals qualify for EIIS tax relief, offering investors a tax-efficient route to returns.
Shemas Eivers, chair of Boole, said: “I thoroughly enjoy start-up investing as it allows you to share the passion of the entrepreneur experience without the daily executive responsibility while participating in outcomes. I would encourage anyone considering angel investing to come to the Boole event and speak to others about their experiences.”
Boole operates a structured, professionally managed model designed to simplify the process for investors and founders. Typical investments range from €5,000 to €25,000 per company, with members participating in three to eight deals annually. A sidecar membership option is also available for those who prefer to follow the lead of in-person members.
Managing director Donagh Kiernan said: “Boole’s role is to make angel investment as easy as possible for busy angel investors and to offer support to startup promoters, providing fast responses, feedback and investments.”
Top image: Donagh Kiernan, Managing Director and Board Director of The Boole Syndicate and Shemas Eivers, Angel Investor and Chair of board of The Boole Syndicate. Photo: John Allen
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