London-based Sova VC is looking to deploy up to 30 per cent of its â¬60 million initial fund in the Republic to support high-potential, disruptive technology companies.
The venture capital firm has completed four deals since raising its first fund last September and it intends to build a portfolio of more than 15 early-stage tech scale-up companies.
Sova VC is focused on identifying and supporting tech companies at Series A stages, with a particular interest in marketplaces and platforms with the potential to expand vertically across sectors and markets.
In an analysis note published over the weekend, the firm said it was now âhunting unicornsâ in the Republic as part of a wider expansion beyond Britain, that also includes the Nordics. A unicorn is a status attributed to privately-held tech companies that are valued at $1 billion (â¬820 million) or more.