Elkstone

Elkstone is a prominent European multi-family office and investment house based in Ireland, specializing in early-stage venture investments. The firm focuses on a diverse clientele that includes entrepreneurs, senior executives, institutional limited partners, the venture community, and the Irish diaspora. Elkstone aims to enhance the economic value and overall well-being of Ireland by fostering a robust network, facilitating deserving investment opportunities, and achieving superior investment performance. Through its commitment to supporting innovative ventures, Elkstone plays a significant role in the development of the Irish economy.

Martin Cass

Venture Partner

Jeremy Debono

Associate

Niall McEvoy

Venture Partner

Alan Merriman

Investor

Carl Murray

Associate

Larry O’Mahony

Analyst

43 past transactions

Protex AI

Series A in 2022
Protex AI is a developer of a workplace safety management platform designed to enhance health and safety in various environments. The platform utilizes advanced AI-powered technology, including computer vision, to identify and assess risks in real time. Its features include autonomous audits, actionable insights, access to video evidence, and customizable rules, which collectively empower organizations to monitor their facilities effectively. By providing visibility into unsafe behaviors, Protex AI aims to foster a safer and healthier workplace for employees.

Garentii

Seed Round in 2022
Garentii is an insurtech and proptech company that is transforming the traditional cash deposit system in rental transactions, which has been recognized as both costly and inefficient for renters and landlords. The company has developed a digital platform that facilitates deposit insurance, offering landlords full coverage while providing tenants with savings. This platform not only manages insurance policies and payment processing but also includes communication features, creating a more flexible and affordable renting experience. By streamlining operations and reducing management costs for real estate landlords, Garentii aims to make renting financially sustainable and enhance the overall rental experience for both parties involved.

Luminate Medical

Seed Round in 2022
Luminate Medical is focused on developing a medical device aimed at preventing hair loss during chemotherapy. Recognizing the significance of hair for personal identity and self-esteem, the company has created a portable and comfortable wearable system. This innovative device allows patients to manage and mitigate the side effects associated with cancer treatment, thereby helping them maintain their confidence and dignity during a challenging time. By leveraging advances in medical technology, Luminate Medical is dedicated to enhancing the quality of life for individuals undergoing chemotherapy.

CroiValve

Series A in 2022
CroiValve Limited, founded in 2016 and based in Dublin, Ireland, specializes in the development of a medical device aimed at treating severe tricuspid regurgitation through a minimally invasive procedure. The company's innovative device allows for percutaneous delivery via a vein into the right heart, effectively sealing the gap between the native tricuspid valve leaflets. This approach restores proper valve function and prevents regurgitation, enabling healthcare professionals to address this condition in a safe, effective, and cost-efficient manner. CroiValve's solution is designed to be user-friendly, catering to a broad range of patients suffering from this serious heart issue.

Laka

Series A in 2022
Laka Ltd, founded in 2017 and based in London, United Kingdom, specializes in insurance brokerage services for bicycles, ebikes, and related accessories. The company has developed a peer-to-peer insurance platform that allows users to insure their bicycles and cycling equipment against theft, damage, and vandalism. Laka's innovative approach leverages a community-driven model, where members collectively contribute to a shared pool, ensuring that users receive fair pricing for coverage. This model not only addresses theft and loss but also offers recovery advice and support, making it a cost-effective and equitable solution for cyclists seeking insurance.

HealthBeacon

Venture Round in 2021
HealthBeacon Limited is a digital therapeutics company based in Dublin, Ireland, with additional offices in Canada and the United States. Founded in 2013, the company develops a smart sharps system designed to enhance medication adherence for patients using self-injectable medications at home. Its connected device, known as HealthBeacon, monitors patient compliance, identifies behavior patterns, and engages users to improve adherence. The system provides medication reminders, alerts patients when to take their medication, and facilitates safe disposal of sharps. Additionally, it offers educational resources and utilizes artificial intelligence for data analytics to support patients effectively. HealthBeacon operates primarily through a Direct-to-Consumer segment, which generates most of its revenue, alongside a Patient Safety Hub and Patient Support Programs.

HealthBeacon

Venture Round in 2020
HealthBeacon Limited is a digital therapeutics company based in Dublin, Ireland, with additional offices in Canada and the United States. Founded in 2013, the company develops a smart sharps system designed to enhance medication adherence for patients using self-injectable medications at home. Its connected device, known as HealthBeacon, monitors patient compliance, identifies behavior patterns, and engages users to improve adherence. The system provides medication reminders, alerts patients when to take their medication, and facilitates safe disposal of sharps. Additionally, it offers educational resources and utilizes artificial intelligence for data analytics to support patients effectively. HealthBeacon operates primarily through a Direct-to-Consumer segment, which generates most of its revenue, alongside a Patient Safety Hub and Patient Support Programs.

Laka

Equity Crowdfunding in 2020
Laka Ltd, founded in 2017 and based in London, United Kingdom, specializes in insurance brokerage services for bicycles, ebikes, and related accessories. The company has developed a peer-to-peer insurance platform that allows users to insure their bicycles and cycling equipment against theft, damage, and vandalism. Laka's innovative approach leverages a community-driven model, where members collectively contribute to a shared pool, ensuring that users receive fair pricing for coverage. This model not only addresses theft and loss but also offers recovery advice and support, making it a cost-effective and equitable solution for cyclists seeking insurance.

Solvotrin Therapeutics

Venture Round in 2020
Solvotrin Therapeutics Ltd is a privately held pharmaceutical company based in Cork, Ireland, established in 2009. The company specializes in cardiovascular applications and is known for its patented prodrug platform, which enables the development of new drugs by chemically modifying existing compounds to enhance their efficacy and safety. Solvotrin produces ACTIVE IRON, an oral ferrous sulfate supplement, while also engaging in the research and development of vitamins, minerals, and therapies. Its lead compounds include ST0702, a nicotinic acid prodrug that offers significant benefits for dyslipidaemia, ST0701, a bioactivated aspirin form that minimizes gastrointestinal toxicity, and ST0703, a nitro-aspirin prodrug with dual antiplatelet effects. The company maintains strong intellectual property protections and aims to advance its compounds through Phase I trials before partnering with larger pharmaceutical firms for further development and commercialization.

Manna Drone Delivery

Venture Round in 2020
Manna Drone Delivery is a provider of drone delivery services that aims to enhance the efficiency of food and goods distribution. Founded in 2018 and headquartered in Dublin, Ireland, the company utilizes custom-developed aerospace-grade drones to facilitate quick deliveries from restaurants, dark kitchens, and convenience stores directly to consumers' homes. Operating at an altitude of 80 meters and reaching speeds exceeding 80 kilometers per hour, Manna's drones can deliver within a 2-kilometer radius in less than three minutes. This innovative approach replaces traditional road-based delivery methods, significantly reducing delivery times and improving the overall consumer experience, especially in suburban and rural areas.

Thriftify

Seed Round in 2020
Thriftify Technologies Ltd is an online platform based in Dublin, Ireland, that connects charity shops with consumers, facilitating the sale of donated goods. Established in 2015, Thriftify operates a double-sided marketplace that allows charities to unlock the value of unsold donated items, including books, fashion, DVDs, CDs, video games, and various other products. The platform simplifies the online selling process for charity retailers by automatically valuing, pricing, and uploading items for sale. This custom-built tool is designed to assist volunteers in charity shops in determining the best value for their inventory, ultimately enhancing the online presence and success of charitable organizations.

Evercam

Seed Round in 2020
Evercam Limited is a Dublin-based company founded in 2013 that offers a software-as-a-service (SaaS) platform designed for managing cameras on construction sites. Its solution provides an application programming interface (API) that allows developers to create software compatible with any internet-connectable camera. The platform focuses on project management, dispute avoidance, and marketing, enabling users to effectively monitor construction activities and enhance communication among stakeholders. Through its innovative approach, Evercam aims to improve transparency and efficiency within the construction industry.

CloudNC

Venture Round in 2020
CloudNC Ltd. is a London-based company that specializes in developing software for designing tooling paths for numerically controlled (NC) machine tools. Founded in 2015, it offers a cloud computing service that automates the programming of computerized numerical control (CNC) milling machines, significantly enhancing efficiency in the manufacturing industry. By replacing traditional skilled human roles in metal component production, CloudNC's technology transforms CNC milling machines into user-friendly devices that can produce parts with minimal human intervention. This innovation allows clients to improve profitability per machine, streamline lead times, and enhance scalability. CloudNC aims to modernize the manufacturing sector, promoting a cleaner and more sustainable industrial revolution while addressing the industry's historical inefficiencies.

Prommt

Seed Round in 2020
Developer of a payment collection software designed to assist businesses in requesting, accepting, and tracking payments. The company's platform facilitates payment requests, auto charges, recurring payments, reporting, integration, and user and location management systems, enabling businesses to save time, reduce costs, and access remote payment methods.

Soapbox Labs

Series A in 2020
SoapBox Labs Ltd. specializes in automated speech recognition solutions tailored for children's voices, offering a range of products that include reading and language learning tools, as well as gaming applications such as voice control and augmented reality. Founded in 2013 and headquartered in Dublin, Ireland, the company focuses on creating age-appropriate and safe voice-enabled experiences. Its technology is designed to be compliant with COPPA and GDPR regulations, providing deep learning-based speech recognition solutions that can be deployed both online and offline. The applications of SoapBox Labs' technology span various sectors, including education and entertainment, and the company supports integration and maintenance through online APIs and offline software development kits.

Output Sports

Seed Round in 2020
Output Sports Limited, founded in 2018 and based in Dublin, Ireland, specializes in developing wearable sensors aimed at optimizing athlete performance. This sports technology start-up offers a comprehensive solution that leverages advanced signal processing and machine learning to assess various aspects of athletic performance. The company's innovative tool enables sports practitioners to evaluate an athlete's readiness for training, deliver biofeedback, and manage injury risks, all through a single, portable device. Output Sports focuses on providing practical and accurate insights, revolutionizing how athletic staff enhance performance and track training programs.

Change Donations

Seed Round in 2020
Change Donations helps charities and non-profits fundraise in the digital age and connect with tomorrow's generation of donors. Their platform allows donors to link their credit or debit cards, round their purchases up to the next euro, and donate their digital spare change to the causes they care about most. They are building a community of everyday philanthropists and helping individuals inspire positive change through their everyday spending

AudioMob

Seed Round in 2019
AudioMob Limited owns and operates AudioMob Platform, an advertising technology that provides developers display audio advertising to end users who interact with developer property that use the AudioMob Services. AudioMob Limited was formerly known as JUKEBOX TECHNOLOGY LTD and changed its name to AudioMob Limited in July 2019. AudioMob Limited was incorporated in 2019 and is based in London, United Kingdom.

Manna Drone Delivery

Seed Round in 2019
Manna Drone Delivery is a provider of drone delivery services that aims to enhance the efficiency of food and goods distribution. Founded in 2018 and headquartered in Dublin, Ireland, the company utilizes custom-developed aerospace-grade drones to facilitate quick deliveries from restaurants, dark kitchens, and convenience stores directly to consumers' homes. Operating at an altitude of 80 meters and reaching speeds exceeding 80 kilometers per hour, Manna's drones can deliver within a 2-kilometer radius in less than three minutes. This innovative approach replaces traditional road-based delivery methods, significantly reducing delivery times and improving the overall consumer experience, especially in suburban and rural areas.

Penfold

Seed Round in 2019
Penfold operates a digital pension platform that simplifies pension saving for individuals, including the self-employed, freelancers, and contractors. The platform is managed entirely through mobile devices, offering users complete transparency to track their pensions in real time. It demystifies pensions and retirement planning, making the information accessible and engaging. Additionally, Penfold provides an auto-enrolment solution for employers, designed to be faster, easier, and more cost-effective than traditional options. By integrating these features, Penfold helps users avoid accumulating multiple small pension pots as they change jobs, ultimately promoting a more streamlined approach to retirement savings.

Manna Drone Delivery

Seed Round in 2019
Manna Drone Delivery is a provider of drone delivery services that aims to enhance the efficiency of food and goods distribution. Founded in 2018 and headquartered in Dublin, Ireland, the company utilizes custom-developed aerospace-grade drones to facilitate quick deliveries from restaurants, dark kitchens, and convenience stores directly to consumers' homes. Operating at an altitude of 80 meters and reaching speeds exceeding 80 kilometers per hour, Manna's drones can deliver within a 2-kilometer radius in less than three minutes. This innovative approach replaces traditional road-based delivery methods, significantly reducing delivery times and improving the overall consumer experience, especially in suburban and rural areas.

CheckVentory

Seed Round in 2019
CheckVentory Innovation specializes in providing inventory control solutions through a cloud-based platform and mobile technology. The company enables efficient audit management and reconciliation, allowing customers to assign and oversee audits from a single interface. By leveraging innovative mobile technology, CheckVentory helps clients utilize existing resources at various locations, significantly reducing the costs and time associated with conducting audits. The services offered include API development, software as a service, database consolidation, report development, and change management, all aimed at enhancing operational efficiency. Additionally, CheckVentory provides banks with essential information to improve credit control and cash flow management concerning funded inventory. The company is headquartered in Dun Laoghaire, Ireland.

HANetf

Series A in 2019
HANetf Limited, founded in 2017 and based in London, operates as Europe's first independent full-service provider of UCITS exchange-traded funds (ETFs). The company offers a comprehensive platform that facilitates the development, compliance, marketing, and distribution of ETFs, effectively lowering barriers to entry for asset managers. By providing the necessary technical, regulatory, and distribution infrastructure, HANetf enables issuers and traditional asset managers to launch and manage UCITS ETFs without the need for extensive in-house resources or significant financial investment. This positions HANetf as a crucial partner for those looking to enter the European ETFs market.

Catapult

Venture Round in 2019
Catapult Ventures Limited is a London-based company that has developed a mobile application aimed at connecting temporary workers with job opportunities. Founded in 2015, the platform allows workers to create profiles, find jobs, and rate their employers, thereby enhancing the employment experience. For businesses, Catapult offers a solution to meet fluctuating staffing needs by providing access to a pool of vetted and trained candidates. Employers can search for local temporary staff based on location and experience, evaluate candidates through videos and ratings, and send job offers with instant confirmation. This innovative approach empowers workers to choose their work schedules while giving employers the flexibility to manage their workforce effectively.

HealthBeacon

Series A in 2019
HealthBeacon Limited is a digital therapeutics company based in Dublin, Ireland, with additional offices in Canada and the United States. Founded in 2013, the company develops a smart sharps system designed to enhance medication adherence for patients using self-injectable medications at home. Its connected device, known as HealthBeacon, monitors patient compliance, identifies behavior patterns, and engages users to improve adherence. The system provides medication reminders, alerts patients when to take their medication, and facilitates safe disposal of sharps. Additionally, it offers educational resources and utilizes artificial intelligence for data analytics to support patients effectively. HealthBeacon operates primarily through a Direct-to-Consumer segment, which generates most of its revenue, alongside a Patient Safety Hub and Patient Support Programs.

Flipdish

Series A in 2018
Flipdish will be the go-to brand for online ordering for on-demand food businesses. Flipdish make branded ordering apps and websites for quick service delivery and takeout restaurants. Flipdish will be the go-to brand for online ordering for on-demand food businesses. Take control by using the Flipdish online ordering platform and power your online ordering business with your own branded website and app.

Soapbox Labs

Venture Round in 2018
SoapBox Labs Ltd. specializes in automated speech recognition solutions tailored for children's voices, offering a range of products that include reading and language learning tools, as well as gaming applications such as voice control and augmented reality. Founded in 2013 and headquartered in Dublin, Ireland, the company focuses on creating age-appropriate and safe voice-enabled experiences. Its technology is designed to be compliant with COPPA and GDPR regulations, providing deep learning-based speech recognition solutions that can be deployed both online and offline. The applications of SoapBox Labs' technology span various sectors, including education and entertainment, and the company supports integration and maintenance through online APIs and offline software development kits.

Flipdish

Venture Round in 2018
Flipdish will be the go-to brand for online ordering for on-demand food businesses. Flipdish make branded ordering apps and websites for quick service delivery and takeout restaurants. Flipdish will be the go-to brand for online ordering for on-demand food businesses. Take control by using the Flipdish online ordering platform and power your online ordering business with your own branded website and app.

Coras

Seed Round in 2018
Coras is a developer of a web3 loyalty platform that facilitates tokenized commerce, allowing customers to purchase tickets from familiar online sources. The platform offers a comprehensive selection of ticket purchase opportunities through a global distribution system, enabling suppliers to consolidate their ticket inventory. This setup allows distributors from various sectors to access real-time ticket availability, enhancing the purchasing experience for customers. By integrating with existing online platforms, Coras streamlines the ticket buying process and broadens the reach of ticket suppliers.

SalesOptimize

Venture Round in 2018
SalesOptimize helps sales and marketing teams resolve two of the biggest problems lead generation and lead scoring. It is a B2B online sales lead generation platform. Our patent technology scans the internet, analyzing online shops globally and ranks them in terms of merchant size - Enterprise ($20m) versus Sole Proprietor ($10k). These shops drive over $ 400 Billion Dollars in sales each year. Our algorithm can also uncover specific operating details such as which payment platform or shipping service an eCommerce site employs. A customer can download leads directly into their CRM system. We have cracked the problem of lead generation of online shops. Benefits to a business - Increase the overvalue of a sales pipeline 10 x - Double/triple sales within 2 years - Buy leads based on a company's perfect customer profile - De duplicate and not buy the same leads twice with our new B2B search engine - Keep lead converted costs below $10 - Clean up existing pipelines and remove the bad leads - Score and enrich leads coming from different data sources - Score and identify which Pay Per Click or inbound leads are hot leads - Reduce lead qualification time by up to 90%

LetsGetChecked

Series A in 2018
LetsGetChecked is an at-home health testing platform that connects customers to regulated laboratory testing to better manage and control one's individual health. LetsGetChecked is making healthcare and diagnostics open and patient-led, empowering people to use technology in a simple yet powerful way. This offers consumers greater control over their individual health. LetsGetChecked is headquartered in New York, NY, with tests covering general wellness, sexual health, women's health and men's health, and is available nationwide, as well as in Canada and Europe.

HANetf

Seed Round in 2017
HANetf Limited, founded in 2017 and based in London, operates as Europe's first independent full-service provider of UCITS exchange-traded funds (ETFs). The company offers a comprehensive platform that facilitates the development, compliance, marketing, and distribution of ETFs, effectively lowering barriers to entry for asset managers. By providing the necessary technical, regulatory, and distribution infrastructure, HANetf enables issuers and traditional asset managers to launch and manage UCITS ETFs without the need for extensive in-house resources or significant financial investment. This positions HANetf as a crucial partner for those looking to enter the European ETFs market.

Coras

Seed Round in 2017
Coras is a developer of a web3 loyalty platform that facilitates tokenized commerce, allowing customers to purchase tickets from familiar online sources. The platform offers a comprehensive selection of ticket purchase opportunities through a global distribution system, enabling suppliers to consolidate their ticket inventory. This setup allows distributors from various sectors to access real-time ticket availability, enhancing the purchasing experience for customers. By integrating with existing online platforms, Coras streamlines the ticket buying process and broadens the reach of ticket suppliers.

Coras

Seed Round in 2017
Coras is a developer of a web3 loyalty platform that facilitates tokenized commerce, allowing customers to purchase tickets from familiar online sources. The platform offers a comprehensive selection of ticket purchase opportunities through a global distribution system, enabling suppliers to consolidate their ticket inventory. This setup allows distributors from various sectors to access real-time ticket availability, enhancing the purchasing experience for customers. By integrating with existing online platforms, Coras streamlines the ticket buying process and broadens the reach of ticket suppliers.

Factory

Venture Round in 2017
Factory develops and operates offices for fast growing startups and technology companies. Their model focuses on clustering successful startups, international tech giants and young entrepreneurs in sizable office complexes to facilitate exchange, shared knowledge and provide the framework for serendipity to take place. The Factory concept originated in Berlin in early 2012 as a response to the dire need for flexible contracts for office space from technology startups, doubling in size sometimes inside 12 months. Understanding the specific growth trends and needs for tech-focused firms, their spaces and rental contracts are designed to support the individual phases of their development. Beyond well designed, flexible office space, Factory’s cluster model creates proximity and allows like-minded companies to network, host events together and ultimately build meaningful partnerships and relationships with one another. The environment they strive for on their campuses is open and collaborative – where all parties are supporting each other along their growth trajectory. They have defined six elements at the core of the Factory model: Community, Technology, Events, Partnerships, Communication and Space. While it is intrinsic for the startup community to be open and share with one another, often other actors within society have difficulty in finding an inroad. Factory offers access by the established industry, academia and politicians through a physical manifestation of a city’s technology community.

MysteryVibe

Seed Round in 2017
MysteryVibe specializes in the development of innovative sexual health products that are anatomically designed and backed by medical research. The company focuses on creating FDA-IIa medical devices that address various sexual health issues, including genito-pelvic pain, period pain, arousal disorder, and erectile dysfunction. Utilizing patented technology, their products deliver targeted vibrations that adapt to the user's body, promoting a personalized experience without the need for medications or associated side effects. MysteryVibe aims to normalize discussions around sexual health, offering tools and resources that empower individuals across diverse demographics, from those experiencing menopause to couples seeking to enhance intimacy. By fostering self-discovery and awareness, the company seeks to elevate overall sexual well-being and contribute to a healthier society.

Solvotrin Therapeutics

Venture Round in 2017
Solvotrin Therapeutics Ltd is a privately held pharmaceutical company based in Cork, Ireland, established in 2009. The company specializes in cardiovascular applications and is known for its patented prodrug platform, which enables the development of new drugs by chemically modifying existing compounds to enhance their efficacy and safety. Solvotrin produces ACTIVE IRON, an oral ferrous sulfate supplement, while also engaging in the research and development of vitamins, minerals, and therapies. Its lead compounds include ST0702, a nicotinic acid prodrug that offers significant benefits for dyslipidaemia, ST0701, a bioactivated aspirin form that minimizes gastrointestinal toxicity, and ST0703, a nitro-aspirin prodrug with dual antiplatelet effects. The company maintains strong intellectual property protections and aims to advance its compounds through Phase I trials before partnering with larger pharmaceutical firms for further development and commercialization.

Soapbox Labs

Seed Round in 2017
SoapBox Labs Ltd. specializes in automated speech recognition solutions tailored for children's voices, offering a range of products that include reading and language learning tools, as well as gaming applications such as voice control and augmented reality. Founded in 2013 and headquartered in Dublin, Ireland, the company focuses on creating age-appropriate and safe voice-enabled experiences. Its technology is designed to be compliant with COPPA and GDPR regulations, providing deep learning-based speech recognition solutions that can be deployed both online and offline. The applications of SoapBox Labs' technology span various sectors, including education and entertainment, and the company supports integration and maintenance through online APIs and offline software development kits.

CheckVentory

Seed Round in 2016
CheckVentory Innovation specializes in providing inventory control solutions through a cloud-based platform and mobile technology. The company enables efficient audit management and reconciliation, allowing customers to assign and oversee audits from a single interface. By leveraging innovative mobile technology, CheckVentory helps clients utilize existing resources at various locations, significantly reducing the costs and time associated with conducting audits. The services offered include API development, software as a service, database consolidation, report development, and change management, all aimed at enhancing operational efficiency. Additionally, CheckVentory provides banks with essential information to improve credit control and cash flow management concerning funded inventory. The company is headquartered in Dun Laoghaire, Ireland.

MysteryVibe

Seed Round in 2016
MysteryVibe specializes in the development of innovative sexual health products that are anatomically designed and backed by medical research. The company focuses on creating FDA-IIa medical devices that address various sexual health issues, including genito-pelvic pain, period pain, arousal disorder, and erectile dysfunction. Utilizing patented technology, their products deliver targeted vibrations that adapt to the user's body, promoting a personalized experience without the need for medications or associated side effects. MysteryVibe aims to normalize discussions around sexual health, offering tools and resources that empower individuals across diverse demographics, from those experiencing menopause to couples seeking to enhance intimacy. By fostering self-discovery and awareness, the company seeks to elevate overall sexual well-being and contribute to a healthier society.

MysteryVibe

Seed Round in 2015
MysteryVibe specializes in the development of innovative sexual health products that are anatomically designed and backed by medical research. The company focuses on creating FDA-IIa medical devices that address various sexual health issues, including genito-pelvic pain, period pain, arousal disorder, and erectile dysfunction. Utilizing patented technology, their products deliver targeted vibrations that adapt to the user's body, promoting a personalized experience without the need for medications or associated side effects. MysteryVibe aims to normalize discussions around sexual health, offering tools and resources that empower individuals across diverse demographics, from those experiencing menopause to couples seeking to enhance intimacy. By fostering self-discovery and awareness, the company seeks to elevate overall sexual well-being and contribute to a healthier society.
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