€52m investments made by venture capital firms

IRISH venture capital firms supported by Enterprise Ireland pumped €52 million into 87 investments last year, a 53% jump on the previous year.

At 25, there was a 47% hike in the number of new companies invested in during the year.

Director of corporate and investment services at Enterprise Ireland, Feargal Ó Móráin, said: “A robust and thriving indigenous venture capital industry is critical to encouraging entrepreneurs and companies to set up and grow their businesses.”