NexusUCD: Success Stories
Conjura and Wayflyer
Conjura, a NexusUCD-headquartered company, was co-founded by Aidan Corbett and Fran Quilty in 2018. The company has developed a platform which provides customer analytics to drive business performance and growth.
In September 2019 Aidan established Wayflyer, a revenue-based financing and growth platform for eCommerce businesses, as a spin-out from Conjura with Jack Pierse, a former venture capitalist. By 2021 Wayflyer had raised over $85 million in funding, grew staff numbers to over 200 and expanded into new markets including Spain, the Netherlands, and the US.
In February 2022 Wayflyer, now a trusted partner to over 1,000 businesses worldwide, secured $150 million in a Series B funding round, with a post-investment valuation of $1.6 billion, making the company Ireland’s sixth tech ‘unicorn’.
In 2023 Wayflyer agreed a $1 billion financing deal with Neuberger Berman to boost Wayflyer’s growth plans, especially in the US. In April 2022 Conjura itself raised €15 million in a Series A funding round to enhance its e-commerce solutions.
Pictured are Wayflyer co-founders, Jack Pierse and Aidan Corbett.
TestReach
TestReach headquartered at NexusUCD, which was founded by Sheena Bailey and Louella Morton in 2014, provides leading computer-based assessment solutions used by professional associations, public agencies, universities, and corporations to run secure, online examinations. TestReach covers all areas of exam creation and rollout including question development and exam paper assembly, computer- based exam delivery (with or without online supervision), detailed marking, moderation and exam results analysis.
The Covid-19 pandemic led to a surge in global demand for the company’s technology. The company is now working 4million+ exams delivered annually in over 150 countries 90 staff employed in partnership with over 100 examining bodies, examining candidates in over 150+ countries, delivering in excess of 4 million exams annually and employs a staff of 90.
The company was ranked in 15th place in the 2022 Deloitte Technology Fast 50 Awards which highlight Ireland’s fastest growing technology organisations. The company co-founders were also shortlisted for 2023 EY Entrepreneur Of The Year™ Ireland Awards.
“Locating TestReach at the NexusUCD building was a great decision because it combines professional office space with excellent services. It has been hugely beneficial to network with other founders and has allowed us to build close relations with various areas of the University. We also receive great support from the staff on site at NexusUCD and the Nova communications team, which has been really helpful as we grow the company.”
- Sheena Bailey, Co-Founder, TestReach
Pictured are TestReach co-founders, Sheena Bailey and Louella Morton.
DOCOsoft
DOCOsoft, an innovative provider of claims management solutions for the global property and casualty (P&C) insurance and reinsurance markets was established by Aidan O’Neill in 2008.
Since then the company has become a leading provider of state-of-the-art claims management solutions for the Lloyd’s insurance market in London and the global P&C insurance and reinsurance markets. At present, around half of all claims processed in the London Market, including Lloyd’s, go through one of DOCOsoft’s claims systems, which manage some £12 billion in premium income and result in up to 50% reduction in claims-handling turnaround time for clients.
The company, which is 100% self-funded, was previously headquartered at NovaUCD and is now headquartered at NexusUCD, and is operating in 8 countries including; UK, Japan, Poland, Portugal and India.
In recent years the company has been scaling rapidly and staff numbers have almost trebled since 2020 with the company currently employing nearly 80 people with turnover growing at an annual rate of over 25%.
Pictured is Aidan O'Neill, Founder, DOCOsoft
