Venture capital investments in Ireland surge to nearly €587m

Productivity software company Tines secured $125m in the largest VC deal of the quarter, bringing its valuation to over $1bn

The strong start to the year was largely due to three deals raising over $100m.

Venture capital investments in Ireland saw a significant increase to $668m (€586.7m) across 28 deals during the first three months of the year driven mainly by a number of larger transactions in tech and medical device companies, a new report shows.

The report by KPMG shows that, in the same period in 2024, there were 17 venture capital deals in Ireland worth just $34m. The strong start to this year was largely due to three deals raising over $100m.