ACT 3

ACT 3 is an early-stage venture capital fund managed by ACT Venture Capital, a firm established in 1994 and headquartered in Dublin, Ireland. The fund focuses on investing in technology and healthcare companies, specifically targeting sectors such as software, IT infrastructure, communications, and mobile technologies. With approximately €500 million raised across multiple funds, ACT 3 provides capital and expertise to support the growth of promising ideas and businesses from seed to growth stages. The firm collaborates closely with founders, leveraging a network of over 200 professionals to help scale their ventures globally. ACT Venture Capital has cultivated strong relationships with investors and founders in both the US and Europe, enhancing its ability to identify and nurture category-defining businesses.

Gavin Bourke

Venture Partner

Conor Mills

Principal

Past deals in ERP

ID-Pal

Series A in 2022
ID-Pal Limited is a provider of a software-as-a-service (SaaS) solution focused on identity verification for know your customer (KYC) compliance. Founded in 2016 and headquartered in Dublin, Ireland, ID-Pal offers a platform that allows businesses to verify the identities of both new and existing customers efficiently and securely. Its system enables customers to submit identification documents using their smartphones or tablets, streamlining the onboarding process. The solution is designed for a variety of industries, including finance, insurance, and telecommunications, and features advanced technologies for real-time verification, achieving a high first-time pass rate. ID-Pal's approach simplifies regulatory compliance by integrating biometric checks and document verification, ensuring that customer submissions are thoroughly authenticated. This efficiency not only enhances compliance but also supports improved back-office operations and boosts revenue growth through better customer acquisition.

ID-Pal

Seed Round in 2020
ID-Pal Limited is a provider of a software-as-a-service (SaaS) solution focused on identity verification for know your customer (KYC) compliance. Founded in 2016 and headquartered in Dublin, Ireland, ID-Pal offers a platform that allows businesses to verify the identities of both new and existing customers efficiently and securely. Its system enables customers to submit identification documents using their smartphones or tablets, streamlining the onboarding process. The solution is designed for a variety of industries, including finance, insurance, and telecommunications, and features advanced technologies for real-time verification, achieving a high first-time pass rate. ID-Pal's approach simplifies regulatory compliance by integrating biometric checks and document verification, ensuring that customer submissions are thoroughly authenticated. This efficiency not only enhances compliance but also supports improved back-office operations and boosts revenue growth through better customer acquisition.

Endeco

Series B in 2020
Endeco specializes in providing wireless energy management and control systems tailored for retail, commercial, and industrial users. Their Energy Management System (EMS) offers solutions for various applications, including building control, refrigeration control, demand management, price response, energy efficiency, and demand response. Endeco's automated wireless systems are designed to integrate smoothly with existing operations and Building Management Systems (BMS), eliminating the need for additional training for retail staff. The company's focus on smart grid optimization further enhances its commitment to improving energy management and efficiency across different sectors.

EdgeTier

Seed Round in 2019
EdgeTier is a Dublin-based company founded in 2015 that specializes in developing artificial intelligence applications for customer care organizations. Its flagship product, Arthur, is an automated agent assistant that enhances the efficiency of customer service agents by providing AI-driven suggestions and assistance for repetitive tasks. EdgeTier focuses on delivering high-quality analytics and services related to customer service, simulation, and data analysis. By employing advanced technologies such as machine learning and automation, EdgeTier's solutions help contact centers significantly reduce average handling times for customer inquiries while maintaining a personalized approach. The company offers its AI applications either as a cloud-based system or for on-premises deployment, enabling organizations to improve operational efficiency and customer satisfaction.

AutoEntry

Venture Round in 2017
AutoEntry is a solution by OCREX, a company which specialises in the development of OCR software solutions. Accountants and bookkeepers had faced a dilemma. They realised that in order to improve productivity, cut costs and gain a competitive edge, they needed to automate manual data entry. However, whilst some solutions were available, they were often expensive and lacking in the cross functional capability to tackle the nuances associated with manual data entry, and in so doing, drive real efficiencies. Brendan Woods, software developer and founder of OCREX wanted to resolve this challenge and meet the demands for an intelligent, yet cost effective automated data entry solution. And in early 2016, alongside a team of top technical talent at the Dublin HQ, AutoEntry was born.

Endeco

Series A in 2016
Endeco specializes in providing wireless energy management and control systems tailored for retail, commercial, and industrial users. Their Energy Management System (EMS) offers solutions for various applications, including building control, refrigeration control, demand management, price response, energy efficiency, and demand response. Endeco's automated wireless systems are designed to integrate smoothly with existing operations and Building Management Systems (BMS), eliminating the need for additional training for retail staff. The company's focus on smart grid optimization further enhances its commitment to improving energy management and efficiency across different sectors.

AEP Systems

Funding Round in 2004
AEP Systems is an Ireland-based provider of high-speed network security solutions that specializes in secure, optimized, end-to-end multi-bearer communication systems. The company's integrated portfolio includes identity-based network and resource access control, SSL VPNs, high assurance IPSec-based VPN encryptors, and hardware security modules for key management. AEP Systems offers a variety of products designed to connect remote locations with centrally-based core services, ensuring access to essential voice and data services even in extreme environments where conventional communication methods may be unavailable or impractical. The company's solutions support a wide range of communication protocols and can integrate into various fixed and mobile network topologies, making them adaptable to diverse operational needs.

enet

Funding Round in 2000
enet, the provider of choice for network services to the telecommunications industry in Ireland. Every day we try to make it easier and cheaper for telecom carriers to offer world class services to businesses and individuals. enet operate and manage fibre optic infrastructure, including the Irish State's Metropolitan Area Network (MANs), as well as owning and operating one of the largest licensed wireless networks in Ireland.
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