Quintas Capital Partners with SQUID Loyalty for EIIS Equity Fundraise

By: Kevin Canning | Posted on: 04 May 2023

We are delighted to announce that Quintas Capital is working with Squid Loyalty to raise its Seed Round. As part of the round, SQUID is raising an additional €4m.  Any investment in the company can qualify for EIIS tax relief.

SQUID app is boosting engagement in loyalty programmes, meaning more purchases more often for partnered businesses. SQUID has targeted independent coffee shops as an entry point to the broader retail market and has over 1,400 live locations and over 230k unique users.

EIIS investments offer a 40% tax refund in the year after investment. The benefit of EIIS to angel investors is that it effectively reduces the valuation of the company by 40%. For example, a €25k investment would result in a €10k tax refund.

Speaking on the annoucement Kevin Canning, Quintas Capital Director said, “Quintas Capital is thrilled to be working with two of the best young Irish entrepreneurs in Katie Farrell and Matthew Coffey. Our team has conducted thorough due diligence on SQUID and we are confident in its business model, leadership team, and growth prospects. We are excited to offer our clients the opportunity to invest in this promising company”.

Mathew Coffey (Co-Founder & CEO - SQUID) shared, “We are delighted to be working with Quintas to help us accelerate the growth of SQUID into new markets.”

If you are interested in learning more about this investment opportunity, please contact Kevin Canning for more information. We would be happy to discuss this opportunity with you further and answer any questions that you may have.

Reach out to Kevin Canning today: kevin.canning@quintas.ie