There were 9 companies pitching to a panel of investors at NDRC Investor Day in sectors ranging from audio technology developments to self-cleaning cameras for the mining industry, all looking to secure next stage investment. The winner, Opening.io applies data science at the entry point of the recruitment process to inform recruiters and hiring managers who to speak to first and why has secured €30,000 in follow-on investment at NDRC Investor Day Spring 2017.Pictured left to right David Tighe, Head of Innovation, Bank of Ireland, Andreea Wade, CEO and co-founder of Opening.io and Ben Hurley, CEO of NDRC.
Picture by Shane O’Neill Photography.
The Opening.io platform enables recruiters to place the right people faster and more efficiently. By automating the pre-screening process, this enables recruiters to shortlist relevant candidates in minutes as opposed to 10-24 hours. Opening.io enhances productivity and reduces both cost and time to hire. It enables one-click resume acquisition, analysis, discovery and “candidate noise” filtering for recruiters and assists them with powerful predictive tools in workforce planning including identification of the best suitable candidates for any given job description, per-market salary suggestions for resumes, candidates insights, leaderboards and shortlists.
Judges included Ben Hurley, CEO NDRC; Nicola McClafferty, Draper Esprit; Debbie Rennick, ACT Venture Capital and David Bowles, Delta Partners. NDRC’s Investor Day is supported by Bank of Ireland.
NDRC provides digital startups with an integrated offering of capital, experience and expertise. NDRC enables them to move beyond a good idea, into building a team and a business that can attract investment and grow.
NDRC has a mandate from the State (Department of Communications, Climate Action and Environment) to make these investments, ensuring digital entrepreneurship is a vibrant and growing part of the economy.
NDRC has sourced, built and invested in over 200 companies to date which collectively has a combined market value of over €400 million and employs almost 700 people directly including 127 international jobs. NDRC’s portfolio of companies include SilverCloud Health, Newswhip, Nuritas and Glissed.
Ben Hurley, CEO NDRC said: “Opening.io has a compelling proposition, clear target market with existing customers and refined commercial projections. With their vision and determination, they have an extremely bright future ahead and this also illustrates how digital transformation is impacting all sectors of the Irish economy including human resourcing and recruitment in this instance.
“It’s clear from the quality of all the propositions here today that there is a vibrant entrepreneurial culture in Ireland where we see a pipeline of high potential companies and continuously strong investor interest in NDRC’s portfolio.”
David Tighe, Head of Innovation, Bank of Ireland said: “Once again we are delighted to support NDRC Investor Day, which has really established itself as a key event in the start-up calendar. Over the last eight years, NDRC has consistently provided a pipeline of companies that are attractive to private investors. They have a world-class approach to translating digital ideas into promising new ventures with a global outlook. Bank of Ireland continues to support start-ups across Ireland, helping them start, scale and succeed through our range of supports such as workbenches, startlab and most recently our New York startlab initiative.”