Investment in Irish tech start-ups plummets 48%

New report from Atomico reveals Ireland is starting to lose its share of the bigger European funding pie

Ireland remains one of Europe’s top start-up nations, ranked fourth in Europe in terms of the number of early-stage firms it has. Picture: Getty Images

Investment levels fell 48 per cent in Ireland this year with $647 million (€590.1 million) invested in Irish tech companies, versus $1.05 billion in 2022, new figures show.

The decline was largely due to a big drop off in growth-stage investments which fell to $298 million, compared to $864 million in the previous year.

The figures mirror a wider decline in investment levels across Europe, according to new numbers compiled by Atomico, the venture capital ...