WRI
Ray founded WRI in 1999 when he identified an opportunity to introduce online bookings to the hostel industry, a sector which had previously been ignored by mainstream online travel companies. As CEO, Ray grew Hostelworld.com to become a leading brand in the online travel space.
A serial I.T. entrepreneur, Ray has been instrumental in the success of a number of companies in the Irish technology sector. He founded Raven Computing (subsequently Coretime Ltd) in 1989 to develop bespoke software solutions for the legal, and hospitality sectors, before subsequently developing a leading time and billing management system. He sold Coretime Ltd, to Sage in 2004.
Awards for Ray include Ernst and Young Emerging Entrepreneur of the year 2003, and IIA Net Visionary 2006.
In February 2008 Ray stepped down as CEO but remains on the Board of Directors.
| Company | Date | Round | Size | Participants |
| CloudSplit | 8/09 | Seed | 1 | |
| New Game Technologies | 1/09 | Angel | €1.6M | 4 |
