Venture capital investment in Irish business plunged almost 40% in 2022 to just over €1bn

New figures released by KPMG show the number of venture capital deals in Ireland more than halved last year as investor sentiment weakened significantly

Anna Scally, head of technology and media at KPMG Ireland, said the figures illustrate the major change in sentiment over the past 12 months among investors

Venture capital investment in Irish businesses plunged almost 40 per cent last year to just over €1 billion as a result of the sharp correction in the tech sector, a weakening global economic outlook and the sharp rise in interest rates in the second half of the year.

New figures published on Monday by KPMG, the audit and accountancy firm, show venture capital investment into Irish companies fell by €650 million last year to just ...