Irish VC Act sees opportunities for founders in current crisis

Act Venture Capital partner John O’Sullivan says start-ups with a good market opportunity will always find investment

The Act Venture Capital team with John Flynn, Debbie Rennick and John O’Sullivan, all seated: great companies will still get backing no matter what is happening

There may be concerns about a tech downturn but Act Venture Capital, which recently announced the first close of a new €140 million fund to back Irish companies, isn’t allowing such fears to stop it investing in promising start-ups and scale-ups.

The Dublin-based VC is one of the most active early-stage investors in Ireland with recent investments in Ekco, Deciphex and Provizio. It has recorded 20 exits in the last five years, including from Decawave, ...