Vizlegal, an innovative digital start-up which converts fragmented legal information into structured data and provides tools for the legal and other industries to use this information, has secured €30,000 follow on investment at NDRC’s Investor Day sponsored by Bank of Ireland.
In a further development, Glissed, an online marketplace for freelance beauty professionals secured €20,000 in follow on investment at the NDRC Investor Day.
Twenty companies pitched to a panel of investors at the event in sectors ranging from HR to Health and Agriculture, all looking to secure next stage investment. Judges on the day included Ben Hurley, CEO NDRC; Deirdre Terrins, Crescent Capital; Kathy Kelly, Atlantic Bridge and Stephen McIntyre of Frontline Ventures.
The companies have emerged from NDRC’s pre-seed investment programmes including Launchpad, Catalyser and VentureLab. They also include start-ups emerging from NDRC’s pilot Female Founders programme run in conjunction with Enterprise Ireland and Bank of Ireland.
Winning venture Vizlegal converts fragmented pieces of legal information, such as court judgments and filings from multiple jurisdictions into structured data. There are tens of millions of such documents online and tens of thousands published daily. On top of this data, they build tools and services for legal and other industries which help them to use this information. The company’s founders are Gavin Sheridan (CEO) and Jose Alberto Suarez Lopez (CTO). Sheridan is a former director of Storyful.
Also securing funding at NDRC Investor Day, Glissed is an online marketplace where freelance beauty professionals offer their services and consumers make appointments in their homes, offices or hotels. The beauty professional goes direct to the client and payment is made securely online. Company founders Louise Dunne and Niamh McHugh participated in the NDRC Female Founders programme.
The start-ups have worked intensively with NDRC’s experienced team and network of business advisors and mentors. NDRC’s programmes provide commercialisation support, along with micro seed investment, enabling start-ups to develop their digital businesses.
To date NDRC has invested in over 200 companies. Its portfolio of companies has a market cap of over €328m. Recent NDRC alumni include Boxever, Nuritas and Soundwave.
Ben Hurley, CEO NDRC said: “Investor Day is a true test for each of the emerging companies where they have gone through a process of commercialisation, developed their marketing approach and refined their business plans and projections. In doing so, they have enhanced their investment readiness and are now in a position to seek support and backing from the investment community.
“Vizlegal and Glissed emerged today as well-defined prospects for future investment and there are many more who have very considerable potential to attract investor interest as they continue to grow their businesses. It’s clear 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 programmes.”
David Tighe, Head of Innovation at Bank of Ireland said: “We’re delighted to be sponsoring what really has become a key event in the startup calendar, NDRC have a world class approach to translating digital ideas into promising new ventures with a global outlook. At Bank of Ireland we believe that the development of scalable businesses contributes to jobs creation and economic growth where we’re delighted to bring our domestic and international experience to bear for start-up entrepreneurs in partnership with NDRC.”
NDRC’s digital ventures cross a range of industry sectors. It invests primarily using an accelerator model through its NDRC LaunchPad, NDRC Venturelab and new NDRC Catalyser investment programmes, providing modest amounts of capital and high amounts of hands on support to early stage digital companies. The Department of Communications, Climate Action and Environment is NDRC’s funding partner.