€37m raised in follow-on investment for NDRC backed ventures in 2014
NDRC announced today that it has surpassed its projections for 2014, with an additional € 37m of follow-on investment going into NDRC’s portfolio of companies during the past year. NDRC backed startup ventures have now cumulatively secured €88m in commercial follow-on investment from angel and VC investors and have a combined market capital value of approximately € 220m.
Companies incepted through NDRC have reported the creation of over 500 jobs to date (an increase of 200 jobs in 2014).
Among the companies in NDRC’s portfolio achieving significant success in 2014 were:
NVMdurance, the inventor of flash optimisation software which extends the life of solid state storage disks based on research conducted at University of Limerick and Limerick IT, obtained funding of € 600k from a syndicate including ACT Venture Capital, New Venture Partners, Enterprise Ireland and NDRC.
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