Swaay Technologies, a Mullingar-based start-up, has completed an investment round of more than €2 million led by BVP. The company was founded by CEO Ciarán Gorman, who previously co-founded and scaled the Bevcraft Group internationally across seven countries.
Key facts
- The funding round exceeded €2 million and was led by BVP
- Swaay Technologies is headquartered in Mullingar with a production hub in Trois-Rivières, Quebec
- The company prints artwork directly onto cans, eliminating the need for plastic shrink sleeves and labels
- The investment will fund new roles in Mullingar
- A billion cans a year have already made the switch to Swaay’s direct printing technology
Technology replaces plastic labels
Swaay Technologies addresses an environmental and cost problem in the beverage industry. Tens of billions of plastic shrink sleeves and labels are used on short-run beverage products every year. The company’s technology prints artwork directly onto cans, allowing brands to drop plastic packaging and receive market-ready products within weeks.
Irish Canadian operations
The company operates on both sides of the Atlantic, with its headquarters in Mullingar and a production hub in Trois-Rivières, Quebec. The company’s plans were mentioned in the joint Irish and Canadian government statement during Mark Carney’s visit to Ireland in June. The technology platform aims to expand the adoption of plastic-free can printing across the beverage sector.
Source: Swaay Technologies. Have business news to share? See Submit Your News.