Venture capital firm co-founded by Irishman raises major €1bn tech fund

The venture capital firm intends to invest in promising growth-stage companies

Fergal Mullen, co-founder, Highland Europe: ‘While there have been layoffs at some firms, I’m confident that those who have lost their jobs will quickly find new homes’

Highland Europe, the tech-focused venture capital firm co-founded by Irishman Fergal Mullen, has closed a new €1 billion fund.

The firm, whose portfolio includes AMCS, the Limerick-based waste and recycling management software group, intends to invest between €20 million and €90 million in growth-stage companies with at least €10 million in annual revenues.

Speaking to the Business Post, Mullen said that despite concerns over the tech sector, he was excited about the opportunities in the ...