Scaling companies 'struggle' to secure private investment

Overall funding for the half year plummeted by almost a quarter to €753m compared to the same period in 2023, despite investment activity ticking upwards in the second quarter

IVCA director general Sarah-Jane Larkin and chairman Gerry Maguire. Picture: Fennell Photography

Venture capital funding into Irish companies showed signs of rebounding as economic conditions become more favourable for investors, but firms looking to scale still struggle to secure investment. 

Irish Venture Capital Association (IVCA) figures showed investment into small and medium sized enterprises reached €494m in the three months to the end of June, surging 7% on the same period a year earlier and climbing to the second highest level on record.