Legal

Cosgrave’s Web Summit launches new venture capital fund

It is understood the company is a management vehicle for the Web Summit Ventures Fund, which will be an American-based venture capital fund

Paddy Cosgrave, founder and chief executive at Web Summit, is listed as a director of a management vehicle for the Web Summit Ventures Fund, a US-based venture capital fund. Picture: Corbis via Getty

A new venture capital fund has been launched by Web Summit, according to documents filed in the Companies Registration Office.

Paddy Cosgrave, chief executive of the technology conference company, is listed as a director of the Web Summit Ventures Management Ltd.

It is understood the company is a management vehicle for the Web Summit Ventures Fund, which will be a US-based venture capital fund. Cosgrave declined to comment on how much money the new fund ...