Sunday January 19, 2020

EI struggles to fill venture capital funds

Enterprise Ireland has been forced to cut the amount of money it hopes to raise under its latest venture capital initiative by €200 million.

9th August, 2008

Enterprise Ireland has been forced to cut the amount of money it hopes to raise under its latest venture capital initiative by €200 million.

The state-backed business development agency had originally hoped to raise in the region of €1 billion for investment in start-up and early stage Irish companies.

However, it has slashed this estimate by 20 per cent and now expects the final figure to be closer to €800million.

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