Banking

Bank of America invests in Irish ‘tech for good’ fund

Financial institution joins high-profile investors such as Hollywood actor Liam Neeson in supporting Impact Ireland

Bank of America vice chair Paul Donofrio pictured with Kieran McLoughlin, managing partner at VentureWave Capital

Bank of America has invested in VentureWave Capital’s €100 million Impact Ireland fund,  which invests in Irish “tech for good” companies.

The level of investment in the fund has not been publicly disclosed. Bank of America vice chair Paul Donofrio is to join Impact Ireland’s global advisory council, which is led by former taoiseach Enda Kenny, VentureWave said.

The fund, which has made a number of investments since it was announced over three years ago, ...