Skueeze, which utilises machine learning in the food and beverage industry, saw off five exciting startups to secure the prize. This was first accelerator programme delivered remotely by NDRC.
Machine learning business Skueeze emerged victorious from today’s NDRC Investor Showcase, with that securing €20,000 in follow-on investment.
With startups involved in property technology, sports science, stock efficiency, sales and web development, Skueeze impressed the judges with its strong domain expertise, a growing need in the post Covid-19 world and the potential to scale well beyond its current sector focus.
One poor performing week in the food and beverage business often means a month of profit wiped clean. The net profit margin in the food and beverage sector is a mere 3-9%. Skueeze, which was founded by Conor Sheridan, who has years of experience in the hospitality industry, brings machine intelligence to the sector to widen these margins.
The judges for the showcase were Ben Hurley, CEO of NDRC; Isabelle O’Keefe of Sure Valley Ventures; Finn Murphy of Frontline Ventures; Niamh Sterling of HBAN; Richard Watson of DBIC Ventures; Nicola McClafferty of Draper Esprit; and Debbie Rennick of Act Venture Capital.
Ben Hurley, CEO of NDRC, said: “It was a very difficult decision, choosing just one business from a group showcasing a variety of propositions, and who each have made significant progress in recent weeks and months.
“However, Skueeze did stand out. The judges felt that in Conor, the company has a strong, experienced promotor with deep domain experience, who understands the marketplace well.
The route to market is compelling and there appears to be a growing need in the sector for the company’s offering in a post-Covid 19 world. We also feel there is potential to scale out from the initial market Skueeze operates in. There’s value to be delivered elsewhere.”
Having invested in 25 new startups during 2019, the number of companies in NDRC’s portfolio is now well in excess of 300. With such experience, NDRC’s success is built on finding very early stage companies and teams at concept stage, with the potential to grow internationally. With that, a number of further programmes are planned in the second half of the year, with NDRC at ArcLabs seeking its third cohort of founders.
NDRC’s portfolio of companies include Tandem, SilverCloud Health, Newswhip, Boxever and Nuritas. Each of these have gone on to secure millions of euro in follow-on-investment, and are continuing on their successful paths to growth. Successful exits include Artomatix and iCabbi.
The six companies taking part in today’s Investor Showcase were:
Champion’s Mind Champion’s Mind is a sports psychology platform which lets competitive athletes train the mental component of their sport and hit peak performance when it really counts.
Site Passport Site Passport provides Main Contractors with the best way to source, qualify and audit their Supply-Chain, resulting in greater confidence, reduced risk and increased profitability.
Lintil Lintil combines its technology with property-search-portal user-bases to provide the ultimate end-to-end homebuying experience.
AIP AIP stands for Artificial Intelligence Platform. AIP has been constructed to automate the lengthy process of website updating and bug fixing for website developers and website agencies worldwide.
Skueeze Skueeze brings machine intelligence to the food and beverage sector. It sits as the business brain of an outlet and makes the economic decisions that matter, when they matter.
Animis Labs Animis Labs has developed a collaboration hub to help sales teams navigate complex scenarios to win more deals.