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      DBIC Ventures

      Investment News

      €32 million seed fund investing in tech companies in Ireland

      EVERCAM

       

      Dublin, 14 December 2020 – DBIC Ventures, the venture arm of Dublin BIC, today announces details of a co-investment in AI-powered construction software company Evercam, representing the first investment by DBIC Ventures’ new seed and early stage fund which is backed by Enterprise Ireland and a number of leading Irish technology entrepreneurs and business leaders.

      Klearcom

       

      Dublin, 17 December 2021 – DBIC Ventures announces that it has led an €800K investment round in Klearcom, which will see the company expand to the US and hire an additional 30+ people by year-end 2023.

      Clarity CX1

       

      DBIC Ventures announces that it has led a €1.6M funding round in industry cloud CRM company, Clarity CX1. The investment will be used to fuel Clarity CX1’s global growth plans, supported by 30 new jobs over the next two years.

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      Ireland

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      Alex Hobbs

      Portfolio Manager


      Alex Hobbs Fund portfolio manager DBIC Ventures Seed Venture Capital VC Ireland

      Alex is the Funds Portfolio Manager for the AIB Seed Capital Fund. Advised, managed Dublin BIC’s strategic expansion into emerging seed fund market in Ireland.

      Managed and expanded multi-disciplinary professional seed fund team, led the implementation of investment strategy, deal flow, evaluation, term sheet valuations, investment recommendations/completions.
      Represent Dublin BIC on AIB Seed Capital Fund Investment Committee dealing with all investment and divestment decisions for co-fund managers Dublin BIC and Enterprise Equity.
      Led development of 40 company portfolio now well positioned to generate positive IRR for LPs.Managed investee aftercare programme, follow-on investments, investee exit positioning. Managed successful exits for Funds that included iCabbi, REDT, Jolt Online, Netsure Telecom, Demonware, Integral Payment Solutions, Zamano & Locumotion.

      Alex is a board member and former Chairman of the Irish Venture Capital Association.

      Alex holds a B’comm from UCD an MBA from NUIG, Galway and Corporate Finance and Strategic Marketing from the Irish Management Institue, Dublin.

       

      Eugene Smyth

      Investment Manager


      Eugene Smyth investment manager DBIC Ventures Seed Venture Capital VC Ireland

      Eugene is a Investment Manager for Dublin BIC Managed Funds, including the €53m AIB Seed Capital Fund where he manages the fast-growth technology portfolio. He has been a retained management consultant in the venture capital industry for over 15 years and is a consultant on a variety of European Commission initiatives for cross-border investment and technology-led programmes in the creative and new media sectors. His specialist areas include telecoms, new media, ICT, eCommerce, games and emerging platform technologies.

      Eugene has a Bsc Comp Sci, (Trinity College) and a BComm (UCD). He is a Member of the Marketing Institute of Ireland (MMII).