# nDevor Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ndevor-systems

- Industry: Software
- Headquarters: Dublin, Ireland
- Website: www.phorest.com
- Total disclosed funding: $26M
- Latest round: Series C (Mar 24, 2021)
- Investors on record: 4

## About

nDevor Systems Ltd specializes in developing innovative software solutions, particularly for salon management, enhancing operational efficiency and customer engagement across diverse beauty and wellness sectors.nDevor Systems Ltd, founded in 2003 in Dublin, Ireland, focuses on providing advanced salon management software. The firm has completed a total of 7 deals, with the most recent deal occurring on March 7, 2022, when they secured USD 12 mn in VENTURE DEBT funding from CIBC Innovation Banking. Ronan Perceval serves as both the CEO and Founder, bringing his extensive experience in the tech sector to drive company strategy.Phorest offers an all-in-one salon management software that streamlines operations for various beauty and wellness businesses. Its features encompass comprehensive scheduling, client management, point-of-sale (POS) solutions, and marketing tools. Clients can manage bookings via a branded app, automate communications, and monitor sales performance, catering to a range of clients including hair salons, beauty clinics, and barbershops. The software also enhances customer loyalty through programs like Treatcard, and complies with regional regulations such as GDPR and HIPAA, operating in markets such as the United States, United Kingdom, Australia, and Ireland.In the most recent fiscal year of 2022, nDevor Systems Ltd reported a revenue of USD 31.87 mn, with an EBITDA of USD -5.66 mn.Following the successful raising of USD 12 mn in VENTURE DEBT funding on March 7, 2022, nDevor Systems Ltd aims to leverage this capital to accelerate market expansion and initiate the launch of strategic new products. The company is focusing on enhancing its next-generation platform and incorporating machine learning capabilities into its offerings, although specific timelines for these product launches and market entry remain undisclosed.

## Funding rounds

- Series C, Mar 24, 2021, $18M — Susquehanna Growth Equity
- Series B, Jun 6, 2018, $5.9M — Susquehanna Growth Equity
- Seed, Aug 8, 2011, $1.9M — Enterprise Ireland, Furthr, Bloom Equity

## Investors

- Enterprise Ireland (https://capitalatlas.ai/funds/enterprise-ireland) — Seed
- Furthr (https://capitalatlas.ai/funds/furthr) — Seed
- Bloom Equity — Seed
- Susquehanna Growth Equity (https://capitalatlas.ai/funds/susquehanna-growth-equity) — Series B, Series C