Development Capital invests €6m in Dublin-based IP Telecom

Investment brings Development Capital’s Irish SME investment to €100 million

Shena Brien, chief executive of IP Telecom, and Andrew Bourg, founder of Development Capital, at the announcement of the latter’s investment in IP Telecom. Picture: IP Telecom

Development Capital has invested €6 million in Dublin-based IP Telecoms, bringing the Irish investment fund’s total investments in native SME’s to €100 million since 2013.

The investment, which is a minority one, will be used to aid in increasing IP Telecom’s annual revenue, from a forecast of €6 million this year to €11 million in 2024. As part of the move, Anthony O’Driscoll of Development Capital will join the board of IP Telecom.

“We are ...