Venture capitalists to give tech firms a Euro 300m boost

Venture capitalists are on course to invest €300 million in Irish technology firms this year, according to the Irish Venture Capital Association (IVCA).

Regina Breheny, director general of the IVCA

Venture capitalists are on course to invest €300 million in Irish technology firms this year, according to the Irish Venture Capital Association (IVCA).

The estimate is supported by a strong first quarter which saw €145 million raised by the sector, up from €52 million in the same period last year.

Regina Breheny, director general of the IVCA, said the market was prone to volatility.

''The second quarter will be slower than the first, ...