Irish SMEs raise a record €502m in Q1 following major deal by Cork company

However, the survey also showed some smaller firms floundered in the fundraising space, as the value of deals in the €1m to €3m range fell by two thirds to €10m

The 'Venture Pulse' survey showed Cork-based energy company Amarenco was responsible for a significant portion of the funds raised in Q1, as it closed a €300m deal in March.

Irish SME’s raised a record €502m in venture capital funding in the March quarter, up from €308m in the same period last year, despite “choppy waters” for smaller companies.

The Irish Venture Capital Association (IVCA) 'Venture Pulse' survey showed Cork-based energy company Amarenco was responsible for a significant portion of the funds raised in Q1, as it closed a €300m deal in March.