Kollect rings bell on its Nasdaq IPO

Waterford company Kollect on Demand has raised approximately €1.76m for its IPO on the Nasdaq First North stock market in Stockholm, Sweden today (19 December).

It is the third Irish tech company from Waterford to go public after Immersive VR Education listed in London last year and Kyckr listed on the Australian Stock Exchange in 2016.

The flotation in Stockholm follows a similar IPO by Dun Laoghaire construction software firm Zutec last year.

Kollect on Demand, which was founded four years ago in 2015 by Robbie Skuse, John O’Connor, Jamie Walsh and John Hegarty.

“This IPO is a great milestone for the company and moves us one step closer to our mission of making it simple of making it simple for customers to have waste collected and recycled globally, whilst enabling a more sustainable world,” said CEO John O’Connor.

Signed, sealed, Kollect-ed

Kollect provides online booking of waste collection and disposal across Ireland.

The company was formed during a Startup Weekend in Cork in 2015. It has quickly established itself as an innovator and disruptor in the waste industry with 39 employees. It runs operations in Waterford, Cork, Dublin and Manchester from its home base at the Waterford Enterprise Centre.

The business had revenues of approximately €2.3m in 2018 which are projected to grow further in 2019.

Pictured above (from left): The senior executive team of Kollect on Demand AB John Hegarty, COO, Robbie Skuse, CIO, John O’Connor, CEO and Jamie Walsh, CFO during a ceremony at the Nasdaq First North Market in Stockholm, Sweden

Written by John Kennedy (john.kennedy3@boi.com)

Published: 19 December, 2019