When was Act Venture Capital founded?

Act Venture Capital was founded in 1994.

Where is Act Venture Capital's headquarters located?

Act Venture Capital's headquarters is located in Dublin ( Ireland ).

How big is Act Venture Capital's investment team?

Act Venture Capital has a team of 7, including 3 partners.

How many companies has Act Venture Capital invested in?

Act Venture Capital has invested in 112 companies, including Virgin Media & Umba.

Which companies has Act Venture Capital invested in lately?

Advise & Deciphex are the latest investments by Act Venture Capital.

What sectors does Act Venture Capital focus on for investments?

Top sectors in Act Venture Capital's portfolio are Enterprise Applications (51 investments) and High Tech (23 investments).

What stages of companies does Act Venture Capital typically invest in?

Act Venture Capital primarily invests in Seed and Series A stages.

How many exits has Act Venture Capital been involved in?

Act Venture Capital's portfolio has seen 1 IPO and 54 acquisitions.

Act Venture Capital - 2025 Investor Profile, Portfolio, Team & Investment Trends - Tracxn

Act Venture Capital is a venture capital firm founded in 1994. It is primarily based out of Dublin, Ireland. As of Jan 2025, Act Venture Capital is an active investor, having invested in 112 companies, with 3 new investments in the last 12 months. It primarily invests in Series A round in Ireland based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it led the $18.4M Series B round of Spectrum.Life.

Overall, Act Venture Capital portfolio has seen 1 IPO and 54 acquisitions including key companies like Virgin Media, Umba and Kainos Group. A lot of funds co-invest with Act Venture Capital, with names like Enterprise Ireland sharing a substantial percentage of its portfolio.

Act Venture Capital has team of 7 people including 3 partners.

Key Metrics

Team Members

John Flynn, Debbie Rennick & 5 more

Portfolio Count

Virgin Media, Umba & 110 more

Portfolio Sectors

Enterprise Applications, High Tech & 29 more

Portfolio Locations

Ireland, United Kingdom & 4 more

Rounds of Entry

Seed, Series A & 6 more

Portfolio IPOs

Kainos Group

Portfolio Acquisitions

GoContractor, CR2 & 52 more

Portfolio Soonicorns

Keelvar & Playter

Deals in last 12 months

Advise, Deciphex & 2 more

Act Venture Capital has a portfolio of 112 companies. Their most notable investments are in Trustev and Micron Agritech.Their portfolio spans across Ireland, United Kingdom, United States and 3 more locations. They have invested in Enterprise Applications, High Tech, Retail and 28 other sectors, across stages such as Seed, Series A and 6 more. Here is the list of top investments by Act Venture Capital:

1. Virgin Media

Virgin Media is a telecom service provider which caters to both residential and business customers in the UK. It provides broadband internet access (fiber-optic, co-axial cable) with data speeds up to 300 Mbps, dedicated internet access, point-to-point and point-to-multipoint connectivity, fixed-line telephony (with custom calling features such as caller display, call divert, voicemail plus, quick dial, etc.), VoIP telephony (including SIP trunking and hosted PBX), 4G LTE voice/data (as an MVNO), WiFi hotspots, and managed LAN services. It provides these services through its own network. It also provides cost-effective bundles, installation, and support services. Liberty Global acquired it in 2013 to broaden its service offerings.

Key facts about Virgin Media

Founded Year: 2006
Location: Hook (United Kingdom)
Stage: Acquired
Investors: Act Venture Capital
Latest Funding Round: Conventional Debt, Jan 19, 2010, $2.45B
Highlight: Acquired

2. Umba

Digital bank for individuals. It offers multiple services including savings accounts, money transfers, cash withdrawals, consumer loans, utility bill payments, and more. It provides an app-based platform that is available on Android and iOS devices.

Key facts about Umba

Founded Year: 2011
Location: Nairobi (Kenya)
Stage: Acquired
Total Funding till date: $17.8M
Investors: Lux Capital, Streamlined Ventures and 18 Others
Latest Funding Round: Conventional Debt, Apr 09, 2025, $5M
Highlight: Acquired

3. Scurri

Provider of cloud-based fulfillment solution for e-retailers. It allows merchants to offer flexible delivery options to the customers. The online platform allows users to import sales orders from online marketplaces and also has API integrations with multiple carriers. It also allows users to book shipping services and generate shipping labels. Additionally, the platform also enables users to manage shipments and related processes including document management, receive analytics, and provide real-time tracking functionalities to customers.

Key facts about Scurri

Founded Year: 2010
Location: Maidenhead (United Kingdom)
Stage: Series B
Total Funding till date: $19.9M
Investors: Gresham House Ventures, Enterprise Ireland and 5 Others
Latest Funding Round: Series B, Jun 15, 2021, $10.9M
Highlight: Editors' Pick

4. Kainos Group

Provider of web design, software development, data analytics, and digital transformation services. Its portfolio includes web & mobile application development, career development, product design, cloud management, AI, workday deployment, digital advisory, and enterprise content management services. It also offers various managed service models to suit different needs, including core and flexible support models.

Key facts about Kainos Group

Founded Year: 1986
Location: Belfast (United Kingdom)
Stage: Public
Employee Count: 2,606 as on Mar 31, 2023
Investors: Herald Investment Management, Qubis and 1 Other
Highlight: Public

5. Trustap

App-based escrow payment solutions. It acts as an agent securing money during the transaction. It releases money to the seller after the confirmation of goods or services from the buyer. The app is available on iOS and Android devices.

Key facts about Trustap

Founded Year: 2017
Location: Cork (Ireland)
Annual Revenue: 2.1M HRK as on Dec 31, 2022
Stage: Series A
Total Funding till date: $8.9M
Investors: Partners Resolute, Act Venture Capital and 7 Others
Latest Funding Round: Series A, Jul 09, 2024, $5.5M
Highlight: Editors' Pick

Want to see the entire list?

Act Venture Capital has invested in 112 companies over the last 28 years, with an average of 3 new investments annually in the last 10 years. In 2024, it made 6 investments, while as of Jan 2025, it has made 2 investments in this year. Its most recent first time investment was in Advise and most recent follow-on round was in Deciphex.

Here are Act Venture Capital's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2025 (YTD)	1	1	2
2024	3	3	6
2023	3	1	4
2022	4	7	11
2021	3	1	4
2020	4	6	10
2019	4	5	9
2018	2	1	3
2017	4	1	5
2016	2	2	4

View all investments by Act Venture Capital

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Act Venture Capital has made 31 investments in Seed stage with an average round size of $2.38M, 30 investments in Series A stage with an average round size of $5.54M and 5 investments in Series B stage with an average round size of $24.9M.

Here are Act Venture Capital's investments by stage:

Note: We have considered here, only first round of investments

Stage of entry	No. of Investments
Seed	31
Series A	30
Series B	5
PE	3
Series C	3
Others	3

View all investments by Act Venture Capital

Act Venture Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, Semiconductors and FinTech. Notably, it has invested in 93 Enterprise (B2B) companies, 93 Tech companies, 45 Software companies and at least 24 companies focusing on Saas.

Here are Act Venture Capital's investments by sector:

Note: We have considered here, only first round of investments

Sector	No. of Investments
Enterprise Applications	37
High Tech	14
Consumer	12
Semiconductors	12
FinTech	11
Others	82

View all investments by Act Venture Capital

Act Venture Capital has made most investments in Ireland (55), followed by United Kingdom where it has made 9 investments.

Here are Act Venture Capital's investments by geography:

Note: We have considered here, only first round of investments

Country	No. of Investments
Ireland	55
United Kingdom	9
United States	9
Germany	1
Kenya	1

View all investments by Act Venture Capital

Act Venture Capital has made 2 investments in 2025 so far - Advise and Deciphex.

Here are the most recent investments by Act Venture Capital:

Date	Company	Location	Round Details	Round Amount	Co-Investors
Jan 09, 2025	Advise	Ireland	Seed	$1.6M	BVP [+2]
Jan 07, 2025	Deciphex	Ireland	Series C	$32.1M	Molten Ventures [+5]
Dec 04, 2024	Bounce Insights	Ireland	Series A	$4.41M	Irrus Investments [+3]
Jul 09, 2024	Trustap	Ireland	Series A	$5.5M	TX Ventures [+6]
May 27, 2024	Spectrum.Life	Ireland	Series B	$18.4M	-

Get the detailed list of all investments by Act Venture Capital. Download now!

See more recent investments made by Act Venture Capital

1 of Act Venture Capital's portfolio company became public - Kainos Group. It got listed on the London Stock Exchange (LSE), in Jul 2015 at marketcap of $12.6M

Here are Act Venture Capital's portfolio companies that went public:

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Kainos Group	Jul 10, 2015	-	-	-

View more details about public companies in Act Venture Capital's portfolio

54 companies from Act Venture Capital's portfolio have been acquired. The most recent acquisition were GoContractor in Jul 2024 by Safety Plus.

Here are Act Venture Capital's portfolio companies that got acquired most recently:

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
GoContractor	Jul 16, 2024	Nov 2014	Seed	$1.26M
CR2	May 24, 2024	Nov 10, 2000	Series A	$8M
Umba	Feb 20, 2024	May 06, 2019	Seed	Undisclosed
Cubic Telecom	Dec 05, 2023	May 24, 2013	Series A	$5.2M
Buymie	Feb 13, 2023	Apr 28, 2020	Series A	$2.38M

View all acquired companies in Act Venture Capital's portfolio

Act Venture Capital has a team of 7 members including 3 Partners and 2 Principals located in Ireland. Act Venture Capital's team does not sit on the board of any company as of now.

Here is a list of all team members in Act Venture Capital:

Name	Designation	Location	Board Memberships	Contact details
John Flynn	Partner	Ireland	-	-
Debbie Rennick	Partner	Ireland	-	1 Email
John OSullivan	Partner	Ireland	-	-
Conor Mills	Principal	Ireland	-	1 Email
Andrew ONeill	Principal	Dublin	-	-
Mairead Roche	Associate	Ireland	-	-
Vaibhav Tandon	Analyst	Dublin	-	-

Get the full list of Act Venture Capital's team & partners for free. Download now!

View team details of Act Venture Capital

Over the past 28 years, 287 investors have co-invested in Act Venture Capital's portfolio companies.

Invested before Act Venture Capital: Enterprise Ireland, Atlantic Bridge and 56 others have invested in rounds before Act Venture Capital. There are 10 companies where Enterprise Ireland has invested before Act Venture Capital and 2 companies where Atlantic Bridge has invested before Act Venture Capital.
Top Co-investors of Act Venture Capital: 107 investors entered a company along with Act Venture Capital. These include investors like Enterprise Ireland (23 companies).
Invested after Act Venture Capital: A total of 122 investors have invested in Act Venture Capital's portfolio after their investments. Top Investors include European Union (4 companies), Enterprise Ireland (3 companies) and Gresham House Ventures (2 companies).