Irish tech companies bag record cash haul from VC firms, but small deals shrink

The latest tracking figures from the Irish Venture Capital Association show cash raised by Irish technology and life science deals doubling in the first quarter of this year to a new record of €533m

Irish Venture Capital Association director general Sarah-Jane Larkin and chairperson Gerry Maguire

Venture capital cash into Irish tech and life science firms doubled during the first three months of the year, hitting a new record of €533m, according to the Irish Venture Capital Association (IVCA)

However, while the cash haul puts Irish tech and life science firms firmly on course for another year raising over €1bn, the portion of the money being raised by a tiny number of unicorns is growing, with deals under €1m for start-ups falling by almost half.

source

Leave a Reply

Your email address will not be published. Required fields are marked *