Warning as venture capital activity slows

Despite raising over a quarter of a billion euro in funding through venture capital, fears are growing that activity in the Irish funding market is slowing.

Last year Irish firms raised €285m from venture capitalists, a 6% increase on the 2012 figures, according to the annual Irish Venture Capital Association VenturePulse.

The vast majority of the funding went to firms operating in the knowledge-based sectors, including software, medical devices, pharma and biotech.