NDRC was the first ever investor in Boxever, a cloud-based customer intelligence and predictive marketing platform that, during 2016, revealed a hugely impressive $12m funding round.

Boxever is a customer intelligence and predictive marketing platform. This means that it provides a cloud-based solution that combines master data management, CRM, decision making and analytics into a tightly integrated, travel-centric marketing platform.

Boxever enables retailers to capture, analyse and act on large volumes of customer data in real-time. This was a big challenge and the issue was where to start, which is where NDRC came in.

NDRC invested in Boxever in 2011. This investment comprised a €20,000 capital investment and participation in our full-time in-house three-month accelerator programme. One of NDRC’s key contributions to Boxever was helping it to validate what its starting proposition should be.

By the end of 2012, Boxever received over €800k of follow-on investment from Bloom Equity, Delta Partners and Enterprise Ireland and employed five people. 

In January 2016 Boxever announced that it had raised $12m in a funding round, bringing the total investment in Boxever to date to $22m. 

It also announced that it intended to double its 80-strong work-force over the next 12 months. Other Boxever investors include Polaris Partners, Frontline Ventures, Delta Partners and Silicon Valley Bank.

“NDRC LaunchPad is supportive while fostering a competitive spirit. It’s inspiring to be around so many new ideas,” said David O'Flanagan, CEO Boxever.