UCD Ranks #5 in Producing VC Entrepreneurs in Europe
UCD has ranked #5 in producing VC entrepreneurs in Europe in a recent report carried out by Pitchbook. UCD is the only Irish University to rank in the top ten places in this report. Venture capital (VC) is financial capital provided to early-stage, sovaldi sale high-potential, generic start-up companies.
This report found that 31 UCD graduate entrepreneurs established a total of 26 companies, for sale which cumulatively received $122 million (€ 87 million) in funding between January 2009 and August 2014.
Pitchbook is a multi-award winning company based in Seattle that provides in-depth data on businesses to investors. Apart from information on VC, this company also provides services such as private equity databases, and the educational backgrounds of over 13,000 company founders.
University of London was the highest ranking European institution in this report, with 71 graduates acquiring over $1 billion in funding. Stafford University topped the report, with 378 entrepreneurs, establishing 309 companies raising just over $3.5 billion.
Examples of successful UCD spinout companies include Logentries, a cloud-based service provider that collects analysis and separates machine generated log data. This company currently provides its services to 10,000 customers in over 100 countries including Ireland and the US, and received $10 million in funding after just 3 years in business last year.
The findings of this report are based on the number of company founders that have received VC funding in the period of the report based on the founders’ undergraduate qualifications.
The report’s findings were welcomed by UCD Innovation, the body that supports students, researchers, industry and entrepreneurs involved with the college.