funding
Funding for tech start-ups falls by 35 per cent
Decline mainly seen in later stage deals with transactions above €5 million down 40 per cent versus 2022
Funding for Irish start-ups fell by 35 per cent last year to €847 million, according to new figures from TechIreland.
The decline - from €1.3 billion in 2022 - was largely seen in later stage rounds, which typically rely more on foreign investors than local ones.
The data shows that deals above €5 million are down 40 per cent from 2022 levels.
Brian Caulfield, chairman of Scale Ireland, the not-for-profit, said: “There is a dearth of later stage ...
