Boole Investments
The Boole Investment Syndicate
80
Number of Deals
€15m
Angel Investment
€36m
Total Investment
The Boole Investment Syndicate has been investing in high growth startups since 2012 and has to date invested over €15m of pure angel investments into those companies, which has typically leveraged 5x investment from other private investment sources and government funds.
The Boole Investment Syndicate is a group of experienced investors and business professionals who collaborate to provide funding and support to promising startups. They offer entrepreneurs access to investment, mentorship, and access to networks to help their business grow and succeed.
Operating out of the National Software Centre in Mahon, Cork, the Boole Investment Syndicate has over 50 members with approximately 30 members actively investing at any one time.
The Boole Syndicate has a long standing and trusted relationship with AxisBIC, who pre-screen all startup pitches and have provided operational support to the Boole Syndicate since its formation.
The Boole Syndicate invests in a wide range of startups across various sectors with particular focus on ICT, Medical Devices and Life Sciences.
Prep4Seed
A 12-week intensive investor-readiness programme delivered nationally by the Irish BICs on behalf of Enterprise Ireland.
iHPSU
Supporting High Growth Irish-led Startups accelerate their international expansion and secure Innovative High Potential Start Up Funding (iHPSU).
PreSeed+
A focused 6-week accelerator for early-stage teams, to validate the market, map the roadmap, and build the financial plan, through targeted workshops and 1:1 sessions.
Next Wave
The NextWave Programme is a 10-week+ national accelerator designed exclusively for women founders, delivered nationally by the Irish BICs on behalf of Enterprise Ireland.
Growth Pathway Programme
AxisBIC has developed a unique programme involving SMEs, Start-ups, business leaders and our partners focussed on building the next generation of high performance companies. The Growth Pathway Programme contains 3 different initiatives The Entrepreneur Experience®; The Venture Academy® and The Startup Showcase
How it works
AxisBIC pre-screen the companies on behalf of the Boole syndicate and select the best companies to pitch to the syndicate.
Syndicate meetings are held bi-monthly, where typically, 3 to 4 companies pitch at each session. Pitches are 10 minutes long and followed by 10 minutes of Q&A with the founders.
When the founders leaves the meeting, the syndicate discusses the proposition and each member decides individually of they are interested in a follow up discussion with the company and indicate how much they would likely invest.
A Deal Lead is chosen from the syndicate to liaise with the company on behalf of the syndicate. A follow up session is typically 1 to 2 hours of a deep dive into the various areas of the proposition that the syndicate members would like to understand better. If this follow on discussion goes well, the syndicate will move towards formal Due Diligence with the company.
Investment
If the syndicate decides to invest, the investment is typically by way of a Boole Syndicate Agreement using the Boole Nominee structure, which enables multiple investors to invest as one entity into the investee company. Occasionally, investees will set up other structures for investment which are considered on a case-by-case basis.
For more information on pitching to the Boole Syndicate please speak to your AxisBIC consultant or visit the Boole Investment Syndicate Website.