Customs Window Technologies funding news – Customs Window Technologies Secures €800k in Seed Funding
Nov 5, 2024 | By Kailee Rainse
Customs Window Technologies has raised €800k in seed funding. The round was led by private investors and supported by Enterprise Ireland's High Potential Start-Up (HPSU) funding. The company plans to use the funds to expand into the UK market.
SUMMARY
- Customs Window Technologies has raised €800k in seed funding.
- Founded in 2022 by Brian Murphy and Johnny Dunne, Customs Window Technologies is based in Dublin at NexusUCD.
CWT's software simplifies the growing complexity of customs declarations and compliance requirements. With ongoing regulatory changes in the UK, the company sees a chance to grow. In 2023, over 91 million customs declarations were submitted to HM Revenue and Customs (HMRC).
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Brian Murphy, COO and Co-Founder, said: “Customs Window was established partly as a response to Brexit, but also in response to a lack of compliance in the area of customs. The significant and ongoing growth in e-commerce and post-Brexit regulatory changes has put the issue of customs compliance in sharp focus not only here in Ireland but also in the UK and indeed across Europe. Our system addresses the compliance risks that companies face when dealing with customs authorities, removes the complexity out of the customs declaration process and protects customs datasets through time.”
Anne Lanigan, Divisional Manager, Technology & Services at Enterprise Ireland said: “Products and services from pioneering Irish entrepreneurs are gaining increasing recognition in their ability to address global challenges. Customs Window Technologies and their innovative solution is a prime example of this as they begin their journey to scale in new international markets.”
About Customs Window
Founded in 2022 by Brian Murphy and Johnny Dunne, Customs Window Technologies is based in Dublin at NexusUCD. The company provides an easy-to-use solution for customs declarations, helping everyone from small traders to large enterprises simplify the process.