Investment boost for Irish tech companies - survey

Venture capital investment in Irish technology companies increased 11% from €154.4m in 2003 to €171.6m in 2004, according to the latest Techpulse survey by corporate finance firm Ion Equity.

The increased investment in 2004 reverses three successive years of falling investment while the Techpulse figures show a trend last year of fewer but larger fundraisings by Irish technology companies.