Dublin firms land 80% of venture capital funds

Dublin firms received more than four times more venture capital funding in the first quarter of the year than the rest of the country combined.

New figures from the Irish Venture Capital Association (IVCA) show a major regional imbalance in the distribution of VC funding across the island with Dublin-based firms attracting more than 80% of all disclosed funding in the opening three months of the year.

In comparison, Galway was the next-best performing city with an 11.6% share thanks to a single investment in life sciences firm 4Tech of €25.9m.