Investment into Irish startups falls to €1.3bn – Tech Ireland

The fall in funding received by Irish start-ups in 2022 may be a signal of difficult times to come for early-stage companies, according to Tech Ireland’s latest startup funding review

The top 10 investments last year accounted for more than half of the overall funding. They included €226m into Irish fintech unicorn Wayflyer. File picture: Nick Bradshaw

The level of funding into Irish startups dropped to €1.3bn last year, compared to €1.6bn in the previous year, as companies battled a challenging economic environment, according to a new report.

The drop in funding in 2022 may also be a signal of difficult times to come for early-stage companies, Tech Ireland’s latest Startup Funding Review indicated.