OCREX Overview

  • Year Founded
  • 2009

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 50

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $51.8M

OCREX General Information

Description

Developer of an optical character recognition software designed to automate the process of performing bank reconciliations from paper bank statements. The company's software automatically extracts data from invoices, receipts, credit notes, bank and credit card statements to feed into accounts software, enabling businesses to save cost and reduce manual data entry into the bookkeeping process.

Contact Information

Website
www.ocrex.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 2nd Floor
  • 11-12 Warrington Place
  • Dublin 2
  • Ireland
Primary Industry
Financial Software
Other Industries
Business/Productivity Software
Automation/Workflow Software
Acquirer
Vertical(s)
Artificial Intelligence & Machine Learning, TMT
Corporate Office
  • 2nd Floor
  • 11-12 Warrington Place
  • Dublin 2
  • Ireland

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OCREX Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Merger/Acquisition 27-Sep-2019 $51.8M Completed Generating Revenue
2. Later Stage VC 17-Nov-2017 Completed Generating Revenue
1. Early Stage VC 28-Mar-2014 Completed Startup
To view OCREX’s complete valuation and funding history, request access »

OCREX Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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OCREX Former Investors (3)

Investor Name Investor Type Holding Investor Since Participating Rounds
Act Venture Capital Venture Capital Minority
Cathal McGloin Angel (individual) Minority
Enterprise Ireland Venture Capital Minority
To view OCREX’s complete investors history, request access »

OCREX FAQs

  • When was OCREX founded?

    OCREX was founded in 2009.

  • Where is OCREX headquartered?

    OCREX is headquartered in Dublin, Ireland.

  • What is the size of OCREX?

    OCREX has 50 total employees.

  • What industry is OCREX in?

    OCREX’s primary industry is Financial Software.

  • Is OCREX a private or public company?

    OCREX is a Private company.

  • What is the current valuation of OCREX?

    The current valuation of OCREX is .

  • What is OCREX’s current revenue?

    The current revenue for OCREX is .

  • How much funding has OCREX raised over time?

    OCREX has raised $3.51M.

  • Who are OCREX’s investors?

    Act Venture Capital, Cathal McGloin, and Enterprise Ireland have invested in OCREX.

  • When was OCREX acquired?

    OCREX was acquired on 27-Sep-2019.

  • Who acquired OCREX?

    OCREX was acquired by Sage Group.

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