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General Information

Websiteaibseedcapitalfun...
Employees
Founded2007

Funds

Offices

HQ
The Tower, Trinity Technology & Enterprise Centre
Pearse Street
Dublin, 2, IRL
Ireland
Teagasc Building, Dublin Road
Dundalk, Co. Louth
IRL

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AIB Seed Capital Fund

The AIB Seed Capital Fund was established in 2007 to provide venture capital for companies at the seed and early stages of development across a range of sectors throughout the Republic of Ireland. The Fund was established under the Enterprise Ireland Seed and Venture Capital Programme 2007-2012.

The Fund has a total of €30m under management with AIB and Enterprise Ireland both committing €15m. It is managed by experienced managers with extensive expertise in making seed and early stage investments, adding value and facilitating business success.

The Fund managers are empowered to make seed investments of up to approximately €500,000. Furthermore, the Fund has the capacity to make investments in later rounds to support the continued growth of investee companies.

The Fund will be managed by Enterprise Equity Venture Capital and the Dublin Business Innovation Centre. This unique partnership brings together extensive regional and investment expertise.

Enterprise Equity will evaluate and manage all investments outside the city and county of Dublin, as well as investments that require in excess of €250,000 from the fund within the city and county of Dublin. Dublin Business Innovation Centre (DBIC) will evaluate and manage all investments within the city and county of Dublin when the initial investment amount required from the Fund does not exceed €250,000.

Recent Milestones

Investments

Company Date Round Size Participants
X-BOLT Orthapaedics 1/2014Seed€1.8M1
HeyStaks 10/2013Venture Round€800k3
NewsWhip 9/2013Seed$1.1M6
SyncroPhi Systems 8/2013Seed€1M2
Movidius 7/2013Series D$16M5
SilverCloud Health 6/2013Seed€1.5M2
Zinc software 4/2013Venture Round€650k3
Cluey 3/2013Seed$1M3
Fantom 12/2011Seed$600k2
EpiSensor 12/2011Venture Round€850k2
Swrve 9/2011Seed$2.7M5
Ferfics 12/2010Venture Round€1.7M2
LicenseMetrics 2/2009Venture Round€1M2
DataKraft 1/2009Venture Round€1M3
Kore Virtual Machines 1/2009Angel€1.6M4

Videos

Sources

  1. Medical device player X-bolt raises €1.8m in seed funding (siliconrepublic.com) [edit]
  2. HeyStaks announces €800,000 funding and launches developer programme (digitaltimes.ie) [edit]
  3. NewsWhip Raises $1.1M (finsmes.com) [edit]
  4. AIB Seed Fund invests €1m in Galway medical device player Syncrophi (siliconrepublic.com) [edit]
  5. Movidius Raises $16M In Series D Funding (finsmes.com) [edit]
  6. SilverCloud Health secures €1.5m in funding (irishtimes.com) [edit]
  7. Zinc Software Raises €650K in Funding (finsmes.com) [edit]
  8. Citation Needed [add]
  9. Dublin Digital Games Firm Raises $600,000 (siliconrepublic.com) [edit]
  10. EpiSensor Raises €850K (finsmes.com) [edit]
  11. Swrve raises $2.7M for real-time gamer feedback (venturebeat.com) [edit]
  12. Ferfics Raised €1.7M (finsmes.com) [edit]
  13. OfficeMetrics have raised €1 million as it aims to become a leading international office productivity software company. (irishentrepreneur.com) [edit]
  14. Datakraft wins €1m investment boost (techcentral.ie) [edit]
  15. Games firm led by Havok founders raises €1.6m in funding (independent.ie) [edit]
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Last Edited 1/16/14

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