Irish Venture Capital Association news – Irish Venture Capital Association Secures Record €494 Million Funding

The OECD, the VC industry, and government and international organizations have acknowledged the Irish Venture Capital Association VenturePulse survey as one of the most reliable and current sources of information about fundraising activities in Ireland.

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It is the only source of VC funding statistics for Ireland that makes available its source data or actual deals. The information includes equity funds that a diverse range of investors have contributed to Irish SMEs and other SMEs with headquarters on the island of Ireland.

Gerry Maguire, chairperson, Irish Venture Capital Association, said that one needed to drill down into the figures to get the true state of affairs for Irish SMEs looking to expand and raise finance. "Deals in the €5-10 million range fell by 44% to €27 million in the second quarter, compared to the same time last year. This worrying trend continued right across all deal sizes from €1-€5 million. It suggests that companies are doing well raising early stage seed funding but are struggling to kick on in the next vital growth phase, Maguire added that while the number and value of deals in the €10 million plus range had performed well in Q2, over 90% of this funding came from international investors. This is a testament to the quality and ambition of Irish companies, but points to the importance of having Irish funds of scale that can co-invest or lead these rounds. This really highlights the need to increase the availability of growth finance from local sources.”

The Irish Venture Capital Association's members provided extensive internal data for this most recent study, which was also derived from publicly available data that did not involve IVCA members.

About Irish Venture Capital Association

Irish Venture Capital Association that represents venture capital and private equity firms on the island of Ireland is called the Irish Venture Capital Association.

Compared to other SMEs, Irish companies funded by venture capital (VC) generate more jobs, exports, and R&D investment, according to an independent DCU analysis published in January 2020.