Development Capital
Floor 3, Block 3, Miesian Plaza, Dublin, D02 Y754, Ireland
Overview
At Development Capital, they are aware of the significant growth opportunities available to mid-sized companies and understand the management teams’ unique requirement for not only finance, but also for a funding partner who will bring experience, expertise and international reach to assist secure and maximise the business growth opportunity. Development Capital provides investee companies with a unique and unprecedented partnership approach which will maximise the growth opportunity in the most prompt and efficient manner. In addition to their experienced Investment Directors, their partners include: High profile and experienced Industry Experts who will provide direction and support to investee companies; and Major Irish Corporates who have committed not only funding but also their international experience.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 6
Sector focus
- Business Development
- Financial Services
- Venture Capital
Investment portfolio
- Zartis
Led · Equity · Jun 2024
Zartis is a Cork, Ireland–based digital services provider and consultancy that helps customers design software products and build software teams. Its two main service pillars are Digital Services, delivering software development, and High-Level Consulting, a strategic advisory offering. Zartis serves over 80 customers across more than 25 industries in North America, Europe and the Middle East, with deep expertise in FinTech, EdTech, Logistics, EcoTech and MedTech. The company plans to use the €10M investment to accelerate international growth and to significantly invest in its AI practice by hiring senior AI professionals. Leadership aims to more than double the business to over €50M in revenues and 500 employees by 2028. Padraig Coffey leads the company and the firm highlights its focus on helping clients leverage AI to increase productivity and efficiency. AssemblyPoint Limited owns Zartis, a cloud-based service that provides processes, workflows and tools to attract and recruit candidates through social media. Zartis offers its service free for small businesses and targets broader commercial customers with paid plans. The company was founded by John Dennehy and launched in September 2011. It is based in Cork, Ireland, and operates as a social recruitment software business. Management intends to use the new capital to continue product development and to sell the service globally. No revenue or user metrics were disclosed in the article.