Innovation Fund commits €28m to US venture capitalist

Innovation Fund Ireland has committed €28m to a US healthcare venture capital fund Sofinnova Ventures.

Innovation Fund commits €28m to US venture capitalist
Fri, 16 Mar, 2012 - 00:00
Vincent Ryan

This is the first investment by Innovation Fund Ireland that has drawn capital from Enterprise Ireland’s €125m commitment to the fund.

Enterprise Ireland has invested €19m into Sofinnova. That money will have to be invested in Ireland or Irish companies, said senior investment adviser with Enterprise Ireland Garrett Murray.

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