Irish tech companies raise record venture capital funding of €778m in first half of year

• Western Investment Fund started in 2001 with €31 million – now worth €73 million
• Companies supported by the fund directly or indirectly employ 5,300 people
• Economic impact of companies supported by fund is estimated at €3.3 billion

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Dublin: Sunday, 21st November, 2021: Venture capital funding into Irish SMEs increased by 19% to almost a quarter of a billion Euro or €231m in the third quarter of 2021, compared to €193m last year, according to the Irish Venture Capital Association VenturePulse survey published today in association with William Fry.

News Release: 

– Growth driven by strong US interest according to IVCA VenturePulse survey
– Half year investment grows to €641m