Irish tech firms raised nearly €1bn in first half of year – but start-ups struggled

New figures show Ireland ‘well outperformed global trends’ for venture capital investment but was heavily dependent on overseas investors

Denise Sidhu, chairperson of the Irish Venture Capital Association: ‘As in the case of foreign direct ionvestment, there is a high risk of over dependence on mobile international capital.’ Picture: Fennell Photography

Ireland “well outperformed global trends” for venture capital investment in tech companies during the first six months of the year, but was heavily dependent on overseas investors and was a difficult place for start-ups to try and raise small amounts of money.

Figures published by the Irish Venture Capital Association (IVCA), along with William Fry, showed that venture capital investment into Irish tech firms rose by 24 per cent in the first half of 2023 ...