Venture capital funding to Irish technology firms up by 8.9%
Funding ‘appears to have shaken off any restrictions caused by Covid-19’
Mon, May 10, 2021, 08:11
Venture capital funding to Irish technology firms increased by 8.9 per cent to €249.4 million in the first quarter of 2021, up from €228.9m in the same period last year, according to the Irish Venture Capital Association (IVCA) VenturePulse survey.
“Funding appears to have shaken off any restrictions caused by Covid-19,” said IVCA chairwoman Gillian Buckley.
“This is reflected in the fact that the number of deals increased by 65 per cent to 74, compared to 48 in the same quarter last year, largely driven by a welcome recovery in early stage funding.”