NDRC logo

NDRC

Europe, Dublin, Ireland, Dublin

Description

NDRC, or the National Digital Research Centre, has historically been a pivotal early-stage investor and accelerator within the Irish startup ecosystem. Based in Dublin, NDRC's core mission has been to identify and nurture promising digital entrepreneurial teams and ideas, transforming them into viable startups through a combination of early investment and comprehensive commercialization support. While originally an independent entity, its accelerator programs were notably acquired by Dogpatch Labs in July 2021, and now operate under the banner of "NDRC at Dogpatch Labs," continuing its legacy as Ireland's national accelerator for early-stage ventures.

The investment model employed by NDRC is primarily focused on pre-seed and seed-stage companies, providing crucial capital and strategic guidance during the formative phases of a startup's journey. Participants in their intensive programs receive not only financial backing but also mentorship, access to networks, and structured support designed to accelerate their growth and market readiness. The typical first cheque provided by NDRC is up to €100,000, which translates to approximately $110,000 USD, serving as a foundational investment for nascent companies.

Over its impressive 15-year history, NDRC has demonstrated a significant impact on the Irish startup landscape. The organization has invested in over 300 companies, showcasing its commitment to fostering a vibrant entrepreneurial environment. Furthermore, the portfolio companies nurtured by NDRC have collectively gone on to raise substantial follow-on investment, exceeding €600 million (approximately $660 million USD). This track record underscores NDRC's effectiveness in identifying high-potential startups and preparing them for subsequent funding rounds, contributing significantly to the overall economic development and innovation within Ireland.

Investor Profile

NDRC has backed more than 207 startups, with 0 new investments in the last 12 months alone. The firm has led 92 rounds, about 44% of its total and boasts 18 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Pre Seed, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Ireland, United States, United Kingdom.
  • Strong thematic focus on Software, Information Technology, Apps.
  • Typical check size: $110K.

Stage Focus

  • Seed (76%)
  • Pre Seed (17%)
  • Series Unknown (2%)
  • Convertible Note (2%)
  • Series A (1%)
  • Angel (1%)

Country Focus

  • Ireland (92%)
  • United States (4%)
  • United Kingdom (2%)

Industry Focus

  • Software
  • Information Technology
  • Apps
  • Saas
  • Mobile
  • Artificial Intelligence (Ai)
  • Internet
  • Analytics
  • E-commerce
  • Health Care
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does NDRC frequently co-invest with?

Act Venture Capital
Europe, Dublin, Ireland, Dublin
Co-Investments: 4
CC
Europe, Dublin, Ireland, Dublin
Co-Investments: 1
Anamcara Capital
Asia, Abu Dhabi, United Arab Emirates, Abu Dhabi
Co-Investments: 1
Samaipata
Europe, Madrid, Spain, Madrid
Co-Investments: 1
Enterprise Ireland
Europe, Dublin, Ireland, Dublin
Co-Investments: 19
Cavalry Ventures
Europe, Berlin, Germany, Berlin
Co-Investments: 1
Accel
North America, California, United States, Palo Alto
Co-Investments: 1
Playfair Capital
Europe, England, United Kingdom, London
Co-Investments: 1
New Venture Partners
North America, New Jersey, United States, Berkeley Heights
Co-Investments: 2
Frontline Ventures
Europe, England, United Kingdom, London
Co-Investments: 3

Which angels does NDRC often collaborate with?

PC
Europe, Ireland
Shared Deals: 1
AH
Europe, Bayern, Germany, Munich
Shared Deals: 1
TS
Europe, Dublin, Ireland
Shared Deals: 1
NM
Europe, England, United Kingdom, London
Shared Deals: 1
Shared Deals: 1
IM
Europe, Belfast, United Kingdom, Belfast
Shared Deals: 1
MD
Europe, Hessen, Germany, Darmstadt
Shared Deals: 1
MA
Europe, England, United Kingdom, London
Shared Deals: 1
TH
North America, New York, United States, New York
Shared Deals: 1
RM
North America, California, United States, Los Angeles
Shared Deals: 1

What are some of recent deals done by NDRC?

Nory AI

Dublin, Dublin, Ireland

Nory is a restaurant management platform with features like AI-powered business intelligence, inventory control, and employee management.

Artificial Intelligence (AI)HospitalityInformation TechnologyRestaurants
Series AMay 22, 2024
Amount Raised: $15,933,788
Ceartas DMCA

Dublin, Dublin, Ireland

Anti-piracy and privacy protection for content creators and brands via SaaS/.

Content CreatorsLegal TechSaaSWeb Apps
SeedApr 30, 2024
Amount Raised: $4,500,000
Anneal

Belfast, Belfast, United Kingdom

Anneal is a collaborative, digital workspace for hardware engineering teams.

AerospaceCollaborationKnowledge ManagementMechanical EngineeringProductivity ToolsSoftware
Pre SeedJan 26, 2023
Amount Raised: $108,935
Filter

Dublin, Dublin, Ireland

A digital therapeutic improving the psychosocial health of patients with COPD.

Health CarePersonal HealthSoftwareTherapeutics
SeedApr 1, 2022
Dataships

Dublin, Dublin, Ireland

Dataships is a data privacy software and services company, specializing in automating GDPR and CCPA compliance.

ComplianceCyber SecurityData GovernanceEnterprise SoftwarePrivacySaaSSoftware
SeedSep 28, 2021
Amount Raised: $3,003,340
Hiiker

Dublin, Dublin, Ireland

Hiiker is platform and community for hikers and hiking trails.

Adventure TravelFitnessSports
Pre SeedJul 8, 2021
Amount Raised: $118,464
Legitify

Dublin, Dublin, Ireland

Simplifying cross-border transactions, digitalizing notarization

InternetLegal TechSoftware
Pre SeedJun 30, 2021
Amount Raised: $118,585
Outcaster

Dublin, Dublin, Ireland

Outcaster is a no-code app builder for creators. We enable creators to build bespoke apps, manage audiences and accept payment directly.

Content CreatorsDigital MediaMedia and EntertainmentSoftware
Pre SeedMay 1, 2021
Amount Raised: $120,200
Guardara

London, England, United Kingdom

Guardara focuses on making application security testing easy and fast.

Cyber SecuritySoftware
SeedNov 9, 2020
Amount Raised: $500,000
OpinionX

Dublin, Dublin, Ireland

OpinionX helps product teams to stack rank user's priorities and inform strategy decisions.

AnalyticsB2BConsumer ResearchMarket ResearchProduct DesignProduct ManagementProduct ResearchSaaSSoftwareWeb Apps
Pre SeedSep 1, 2020
Amount Raised: $119,227