The Irish Fairy Door Company completes €1.5 million Fund Raise
20 December 2018
The Irish Fairy Door Company has secured funding of €1,500,000 from The Davy EII Tax Relief Fund 2017, which is managed by BES Management DAC, the joint venture company owned by Davy and BDO, that manages the Davy EII Funds.
Established in 2013, by two couples, Niamh and Oisin Barry and Aoife and Gavin Lawler, The Irish Fairy Door Company has achieved considerable domestic and international growth through the sale of fairy themed toys and accessory products focused on unique, imaginative play. The keystone product is the “Fairy Door” – a miniature, decorative wooden door forming the gateway to a “Fairy Universe” that stimulate childrens’ imaginations and enhance their childhood experiences. The Company and its products have generated significant appeal in the last 12 months with a number of celebrity endorsements including Kim Kardashian, Amy Huberman and Paul O’Connell.
Founded in 2013 the Company currently employs 11 people. The investment will be used to accelerate the Company’s international expansion plans including digitalizing its Worry Plaque, which allows a child to place their hand on a plaque and focus on their worry until the plaque turns green and the fairy takes the worry away, as well as implementing the recently announced strategic partnership with WildBrain DHX Media, the international media company which will animate the Irish Fairy Door Concept.
According to its CEO, Oisin Barry “we have developed a great working relationship with BDO and their help and guidance will be an invaluable asset to us over the coming years. We have enjoyed substantial growth and are confident that this investment will accelerate success which will continue well into the future with this most recent investment”.
Announcing the investment, Andrew Bourg, Director of BES Management DAC, said: “On behalf of the Davy EIIS Fund, we are delighted to be partnering with another successful and ambitious company. We are truly impressed by the growth and international expansion the team has achieved in such a short period of time and we look forward to assisting them to accelerate their international expansion plans.”