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WDC

The WDC Investment Fund fulfils a distinctive role in funding businesses, community initiatives and ‘ flagship ’ projects in the Western Region. It invests directly in sustainable projects, many of which may be experiencing a funding gap. The WDC seeks a financial return on its investments, together with a social dividend such as enchancing quality of life and the provision of employment.

Operated by the WDC, the unique €34 million exchequer-supported fund aims to provide seed and venture capital or loans to projects under two sub-funds:

* Business Investment Fund
* Local Investment Fund

Investments are made on a commercial basis by way of ordinary share capital, preference share capital, and loans, or a combination of these mechanisms. The WDC does not provide grant aid.

Milestones

  • Dollar
    WDC invested in Abaltat. (2007)
    Posted 7/16/09 at 4:00pm
  • Dollar
    WDC invested in nooked.
    Posted 8/20/08 at 8:43am

Investments

Company Date Round Size Participants
Abaltat 2007Series A€200k2
nooked Seed€1M2

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Last Edited 11/16/09

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