Galway Bay fm newsroom - An oral health product company based in the city - which was established by two Galway dentists - has secured an investment of €2m.
According to the Sunday Independent, Spotlight Oral Care received the funding from a private equity firm owned by billionaire businessman Dermot Desmond.
Spotlight Oral Care was founded by dentists Lisa and Vanessa Creaven in 2016.
The city-based firm offers a range of oral healthcare products, including toothpaste, teeth whitening stripes, sonic toothbrushes and biodegradable toothbrushes.
It recently announced new deals that mean its products are to be stocked in a further 2 thousand stores and pharmacies across the US - in addition to the several thousand outlets which already carry Spotlight Oral Care products.
It's now secured €2m in funding from billionaire businessman Dermot Desmond's private equity fund, International Investment & Underwriting.
It's reported that Spotlight Oral Care - based at the Tuam Road - has recorded significantly increased sales over the past 3 years - from €900 thousand in 2017, to almost €6m this year.
Photo - Lesly Juarez
