The winding up comes as newly filed accounts show NDRC recently recorded a significant return on its early investment in e-learning company LearnUpon. The accounts reveal it has received €3.1 million from the exit after the learning company closed a $56 million (€46.8 million) investment in October. Overall, NDRC has made more than €7 million in realisations from its portfolio since it was founded with around €50 million invested in start-ups over that period. NDRC also received €743,618 in income last year from other sources, including from running regional accelerators locally and one in Oman. Companies backed by the NDRC have received nearly €400 million in follow-on funding with the portfolio’s market capitalisation now totalling €701 million.

Source: The Irish Times November 30, 2020 08:26 UTC