# Development Capital

> Development Capital is a VC fund in Dublin backing Software and Manufacturing. See 16 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Dublin, Ireland
- Total investments: 16
- Last investment: May 2024
- Lead investor: 69%
- Fund size: $88M
- Last fund: Apr 2014
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/development-capital-fund-management-limited/
- Website: http://www.developmentcapital.ie/

Development Capital is a VC fund in Dublin focused on Software and Manufacturing. 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; andMajor Irish Corporates who have committed not only funding but also their international experience.

## Contacts

5 contacts available for Development Capital. Shizune tracks 6 team members at Development Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/development-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Venture - Series Unknown | $11M–$14M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 3 | 19% |
| Manufacturing | 3 | 19% |
| Telecommunications | 3 | 19% |
| VoIP | 2 | 13% |
| Health Care | 2 | 13% |

42 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 9 | 56% |
| Venture - Series Unknown | 3 | 19% |
| Seed | 1 | 6% |
| Private Equity | 1 | 6% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Ireland | 12 | 75% |
| United States | 1 | 6% |
| United Kingdom | 1 | 6% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Andrew Bourg | Investment Director | 4 | https://shizune.co/investors/profile/andrew-bourg |
| Anthony O'Driscoll | Investment Director & Investment Committee Member | 0 | https://shizune.co/investors/profile/anthony-o-driscoll-ba82 |
| John Flynn | Investment Executive | 0 | https://shizune.co/investors/profile/john-flynn-fbeb |
| Michael Costello | Managing Director | 0 | https://shizune.co/investors/profile/michael-costello-1b72 |
| Sinead Heaney | Managing Director | 8 | https://shizune.co/investors/profile/sinead-heaney |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Zartis | WHO WE ARE:Zartis is a digital solutions provider specialised in building cutting-edge software with bespoke development teams.We know good code. And we know nearshore outsourcing, which can be risky when you don't know who to trust. Deep technical experience and hard-earned know-how are our secret ingredients to help you buildgame-changing software technology while avoiding unnecessary time and budget-wasting engineering shortfalls.Joining the team in one of our global offices in Cork, London, Berlin, Wroclaw, Valencia and Madrid is a big deal. We are a diverse company, with team members drawn from nineteen different nationalities.WHAT WE DO:Zartis partners with firms across e-commerce, financial services, medtech, media, logistics technology, renewable energy, edtech and more.Our engineering hubs in Ireland, Spain, and Poland are full of really clever people delivering business success and digital improvement across application development, software architecture, CI/CD, business intelligence, QA automation and new technology integrations.OUR EXPERTISE:Zartis engineers are uniquely skilled in a broad array of technologies such as JavaScript (Angular, React, Vue), .NET, Java, Python, Scala, Ruby, Go, and cloud-based architectures like AWS, Azure, and Google Cloud. And we manage the whole delivery chain, so there's no added headache. | $10.9M | Venture - Series Unknown | May 27, 2024 |  |
| Zartis | WHO WE ARE:Zartis is a digital solutions provider specialised in building cutting-edge software with bespoke development teams.We know good code. And we know nearshore outsourcing, which can be risky when you don't know who to trust. Deep technical experience and hard-earned know-how are our secret ingredients to help you buildgame-changing software technology while avoiding unnecessary time and budget-wasting engineering shortfalls.Joining the team in one of our global offices in Cork, London, Berlin, Wroclaw, Valencia and Madrid is a big deal. We are a diverse company, with team members drawn from nineteen different nationalities.WHAT WE DO:Zartis partners with firms across e-commerce, financial services, medtech, media, logistics technology, renewable energy, edtech and more.Our engineering hubs in Ireland, Spain, and Poland are full of really clever people delivering business success and digital improvement across application development, software architecture, CI/CD, business intelligence, QA automation and new technology integrations.OUR EXPERTISE:Zartis engineers are uniquely skilled in a broad array of technologies such as JavaScript (Angular, React, Vue), .NET, Java, Python, Scala, Ruby, Go, and cloud-based architectures like AWS, Azure, and Google Cloud. And we manage the whole delivery chain, so there's no added headache. | $10.9M | Venture - Series Unknown | May 27, 2024 |  |
| IP Telecom | IP Telecom are leading VoIP providers offering Business Hosted PBX VoIP. | $6.5M | Private Equity | Aug 23, 2023 |  |
| Spotlight Oral Care | Spotlight Oral Care develops, markets, and sells a comprehensive range of products for specific consumer oral care needs both online and through retailers in Europe, the UK, and the US. | $14.1M | Venture - Series Unknown | Jul 07, 2021 |  |
| Nomadic Dairy | Nomadic Dairy is a growing, premium branded yogurt manufacturer. The company supplies multiple products across the UK and Republic of Ireland. |  | Venture - Series Unknown | Jan 01, 2021 |  |
| Multihog | Multihog is an Irish tractor and sweeper manufacturer that serves municipal, airport, and facilities management customers worldwide. Its products are renowned for their innovative design, robust build, and powerful performance and today are sold in more than 20 countries worldwide through a growing dealer network.Its business was launched in 2008and is headquartered in Louth, Ireland. | $7.4M |  | Dec 17, 2017 |  |
| KnowHowDo | KnowHowDo is a lifestyle learning content business. We have mastered the creation of high-quality learning content, focused on 'WANT-to-learn' not 'HAVE-to-learn' subjects to suit every lifestyle. Delivered through impactful brands, via incisive, diversified channels to market, we have sold close to a million courses and we areonly getting started… | $1.1M | Seed | Sep 01, 2017 |  |
| Perigord | Perigord Life Science Solutions delivers best-in-class labeling artwork to life science companies. They have built up an unparalleled level of expertise and experience serving these highly regulated sectors, and developed the world’s only dedicated Pharmaceutical Artwork Management System, “GLAMS.” | $3.3M |  | Aug 10, 2017 |  |
| Blueface | StarBlue is an Irish provider of Voice over IP telephony services. The company was founded in 2004 in Ireland to disrupt the telecoms market. Starting with Voice over IP (VoIP) services, Blueface has since developed a hosted phone system (PBX) operating from a split switch across TelecityGroup. Blueface is now Ireland's largest carrier ofIP traffic.Service include: - Fax to email - International numbering - Call conferencing - Auto Attendant / Time of Day Routing - Mobile (MVNO) services - Managed networks for corporate customersBlueface is committed to delivering cutting edge, innovative solutions which enable our customers' businesses and offer 40% cost savings. TIMELINE * Founded in 2004 in Dublin, Ireland; * Proprietary technology platform built with on-going strong commitment to R&D, supported by Enterprise Ireland; * Recognised with Deloitte Technology Fast 50 Awards 2011, 2012, 2013, 2014. * Acquired Kebu S.R.L now rebranded as Blueface Italia * Hardware partnership with Panasonic Europe for the supply of high-quality IP terminals; * Mobile Service launched by An Taoiseach Enda Kenny in 2012 in conjunction the H3G Ireland (part of the Hutchinson Whampoa Group); * Retail Partnership with Carphone Warehouse Plc. to market and distribute Mobile and Landline services; * Approved to the Government Fixed Framework in 2014 * Partnered with Microsoft to be the preferred carrier for Lync in Ireland"Our aim at Blueface is to help businesses cut costs and maximise efficiency by supplying cost-effective and innovative solutions for business communications. We are focused on continuing to find new and exciting ways to enable our customers to operate as effectively as possible". Alan Foy, Blueface CEO. | $11M |  | Mar 05, 2017 |  |
| Broderick's Brothers | Barry and Bernard Broderick as an offshoot of their family company that produces handmade cakes and treats. It includes individually wrapped cake bars for the grab-and-go sector, boxed mini-bites for multiples, and tray bakes for the cafe sector. | $7M |  | Mar 01, 2017 |  |

10 of 16 investments shown.

## Co-investors
- [Bank of Ireland](https://shizune.co/investors/profile/bank-of-ireland) — VC Fund, 1 deal together
- [Biovest International](https://shizune.co/investors/profile/biovest-international) — VC Fund, 1 deal together
- [Enterprise Ireland](https://shizune.co/investors/profile/enterprise-ireland) — VC Fund, 1 deal together

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### Similar country
- [Enterprise Ireland](https://shizune.co/investors/profile/enterprise-ireland) — VC Fund
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## FAQ

### What does Development Capital invest in?

Development Capital invests primarily in Software, Manufacturing and Telecommunications startups, most often at Funding Round and Venture - Series Unknown stage. Most of the 16 investments tracked by Shizune back companies in Ireland. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Development Capital's check size?

Development Capital typically joins rounds of $11M–$14M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Development Capital participates in.

### How do I contact Development Capital?

Public channels for Development Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Development Capital?

The team at Development Capital includes Andrew Bourg (Investment Director), Anthony O'Driscoll (Investment Director & Investment Committee Member) and John Flynn (Investment Executive), among 6 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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