Irish venture capitalists up funding

The amount of money invested in Enterprise Ireland-client companies, by Irish-based venture capitalists, has increased by over 90% in the past two years, new figures show.

According to EI’s own seed and venture capital programme report for 2012, last year saw a total of €54m invested in 84 of its client companies, by Irish-based funders. This was up by €11m on the amount invested in 2011 and nearly 93% higher than the €28m shelled out in 2010.

Similarly, the number of EI-affiliated firms to receive funding has increased in the past few years, with 2012’s figure of 84 following on from 81 in 2011 and 57 in the previous year.