Connected Magazine
Start-up valuations continue to drop amid tech downturn
Ireland on the slide when it comes to valuations for tech start-ups
Start-up valuations in Ireland have “drastically cooled” this year, according to new research.
The figures from Pitchbook, a venture capital research firm, show that start-up valuations in Europe are still undergoing a correction that commenced last year.
Start-ups in Ireland and Britain, as well as several other western European countries, have seen valuations drop in the first half of 2023.
“Median pre-money valuations have drastically cooled in the UK and Ireland as well as in ...