BDO fund made €1.5m from its seven-month Blueface investment

BDO fund made €1.5m from its seven-month Blueface investment
Blueface chief executive Alan Foy

BDO Development Capital Fund scored a 15 per cent return on its investment in Blueface, the cloud telephony company that merged with US rival Star2Star Communication last week.

The BDO fund invested €10 million in Blueface last March, and exited following the merger.

The deal saw the company earn €1.5 million from a seven-month investment.

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