Venture capital funding for Irish firms hit record

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Venture capital funding for Irish firms hit record via IrishTimesBiz

“While Amarenco boosted the figures, if you exclude deals above €30 million in first quarter 2023 and 2022, this year still saw a rise of 70 per cent

Among the major deals were medtech Fire1, which raised €27.3 million, and energy technology company Supernode, which raised €16 million. Raising €15 million each were Assure Hedge, Astatine and Neuromod. Deals in the €1 million to €3 million range declined in value to €10 million, down two thirds compared to the previous quarter. Those under €1 million in size were down 28 per cent to €6.5 million, and seed capital amounted to €7.5 million, down two thirds compared with the final quarter of 2022.International venture capital companies continued to play a big role, accounting for 40 per cent of the total invested in the first quarter.

Source: News Formal (newsformal.com)

 

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