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Enterprise Equity Venture Capital (EEVC) is a venture capital firm based in Ireland, with offices located in Dublin and Cork. Established in 1987, EEVC holds the distinction of being the longest-established venture capital firm in the country. The firm specializes in providing capital to early-stage and expanding businesses, particularly those focused on international growth. Over its history, EEVC has invested more than €50 million in over 80 companies, primarily in the software and high technology manufacturing sectors.
EEVC's founding was driven by the International Fund for Ireland, with the objective of stimulating viable and self-sustaining growth in the private sector of the Irish economy. The firm has evolved significantly since its inception, establishing a strong reputation for supporting high-growth technology businesses. Its notable milestones include partnerships with international accelerators, such as 500 Startups, which provide Irish portfolio companies with direct access to global markets.
EEVC invests in early-stage high-growth technology businesses across various sectors, including healthcare, biotech, energy, artificial intelligence, fintech, and consumer products. The firm targets investment stages ranging from pre-seed to growth equity, allowing it to support companies at different phases of their development. The typical check size varies, reflecting the firm's flexible approach to funding.
Geographically, EEVC focuses on companies based in or significantly operating in North America and Europe. The firm emphasizes supporting innovative and growth-oriented companies, leveraging its long-standing presence in the Irish venture capital ecosystem to stimulate private sector growth. EEVC seeks founders who demonstrate a strong vision and the potential for international expansion, aligning with its investment thesis of fostering high-growth technology businesses.
EEVC's portfolio includes over 80 companies, showcasing a diverse range of sectors and innovative solutions. Notable portfolio companies include:
Other portfolio highlights include Swrve, a mobile marketing automation platform, and Zartis, a software development and nearshoring company. The firm continues to support a wide array of technology-driven businesses, reflecting its commitment to fostering innovation.
Conor O'Connor: Managing Partner at EEVC, Conor has extensive experience in commercial investing and venture capital management. He plays a key role in guiding the firm's investment strategy and portfolio development.
Frank Walsh: Partner at EEVC, Frank brings a wealth of knowledge in venture capital and has been instrumental in supporting the firm's portfolio companies.
Philip McNamara: US Venture Partner based in San Francisco, Philip co-founded Inspire Nation, TapMap, and GrokLabs. He previously served as Managing Director of Voxpro USA and has facilitated the EEVC-500 Startups relationship, enhancing the firm's international reach.
To pitch to EEVC, founders should send an email to info@enterpriseequity.ie. The pitch deck should include a clear overview of the business, market analysis, financial projections, and the team’s background. EEVC values concise and well-structured presentations that highlight the startup's growth potential. Response times may vary, but founders can expect to hear back within a few weeks.
In 2016, EEVC achieved a notable exit with the acquisition of its portfolio company, Movidius, by Intel for over $400 million. This exit highlights the firm's successful investment strategy and its ability to identify high-potential technology companies.
In 2014, EEVC partnered with 500 Startups, providing Irish portfolio companies with a direct path to the accelerator, which has been a significant advantage for startups looking to expand into the US market.
What are the investment criteria for EEVC?
EEVC focuses on early-stage high-growth technology businesses across various sectors, including healthcare, fintech, and AI. The firm looks for companies with significant international growth potential and a strong founding team.
How can startups apply or pitch to EEVC?
Startups can pitch to EEVC by sending an email to info@enterpriseequity.ie. It is advisable to include a detailed business plan and financial projections in the pitch deck.
What makes EEVC different from other venture capital firms?
EEVC is Ireland's longest-established venture capital firm, with a strong track record of supporting early-stage technology companies. The firm has a unique partnership with 500 Startups, providing Irish startups with direct access to a US accelerator.
What is the geographic scope of EEVC's investments?
EEVC primarily invests in companies based in North America and Europe, focusing on those with significant operations in these regions.
What is EEVC's post-investment involvement like?
EEVC adds value to its portfolio companies through strategic guidance, corporate governance support, and access to international growth opportunities. The firm actively engages with its portfolio companies to help them achieve their growth objectives.
What is the typical fund size and check size for EEVC?
EEVC manages approximately €84 million across its funds, with investments typically ranging from early-stage funding to growth equity rounds.
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