Irish tech firms get boost as Act Venture Capital announces new €140m fund

Up to 35 investments could be made over lifespan of new fund

The Act Venture Capital team with John Flynn, Debbie Rennick and John O’Sullivan, all seated

Act Venture Capital, one of the most active early-stage investors in Ireland, has announced the first close of a new €140 million fund.

The VC, which is led by John FLynn, Debbie Rennick and John O'Sullivan, has 80 per cent of the new fund committed with a final close expected later this year.

Act has closed six deals under Act VI already, including co-leading the €15 million Series A round for e-commerce data analytics platform ...