Level of Irish deals plummets as venture capitalists remain cautious

There were 17 venture capital investment deals in the first three months of the year, worth €31.7m, plunging 80% from €166m across 24 deals a year earlier, according to the Venture Pulse report published by KPMG

Investors remain interested in medtech, AI, and cleantech companies. Picture: iStock

The level of private investment deals into Irish firms plummeted in the first three months of the year as venture capitalists stayed cautious amid a volatile overall economic environment.

There were 17 venture capital investment deals in the period, worth around €31.7m, plunging 80% from €166m across 24 deals a year earlier, according to the latest Venture Pulse report published by professional services firm KPMG.