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Managing partners David Bowles and Nicky Deasy with chairman Paul Finnerty. \ Chris Bellew /Fennell Photography
Irish agrifood and technology funder Yield Lab has announced almost €50m for its sustainable agrifood tech venture capital fund. This will be available to companies who have developed new technologies that improve the environmental and carbon footprint of the food and agriculture industry.
The fund will invest in seed-to Series A-stage companies in Ireland and Europe, with the addition of new investors including the European Investment Fund through the European Fund for Strategic Investments (EFSI), Invest-NL, Allied Irish Banks plc and new family office investors.
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€48 million invested in start-ups by Enterprise Ireland in 2020 Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar TD has
announced that Enterprise Ireland invested more than €48 million (the highest level
of funding to date) towards Irish start-ups in 2020, supporting a total of 125 new
start-up companies.
Investment was provided through Enterprise Ireland’s High Potential Start-Up (HPSU) and Competitive Start Fund (CSF) programmes.
The Covid-19 Sustaining Enterprise Fund and an increase in follow-on investments to help HPSUs scale internationally boosted investment in innovative High Potential Start-Ups in 2020.
Leo Varadkar, Tánaiste and Minister for Enterprise, Trade and Employment said: “I have nothing but admiration for the many entrepreneurs across the country who have been brave enough to start up new businesses during the pandemic. It’s been an incredibly difficult year. I have seen countless examples all across the country
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