Venture capital deals worth €128m closed in Ireland during Q3
A total of 14 venture capital (VC) deals closed in Ireland in the third quarter of 2025, worth $150.1m (€128.6m), according to the latest Venture Pulse Q3’25 report.
A total of 14 venture capital (VC) deals closed in Ireland in the third quarter of 2025, worth $150.1m (€128.6m), according to the latest Venture Pulse Q3’25 report.
The two biggest deals were ProVerum, a medtech company that secured $80m (€68m), and Nory AI, an AI-powered operating system for the hospitality industry which raised $36m (€30m). Nory AI also won the KPMG Global Tech Innovator Ireland final in 2023.
“After a strong start to the year, Q2 and Q3 2025 have been more challenging quarters for Irish venture capital fundraising given broader geopolitical tensions. Having said that fintech, medtech and AI software businesses have continued to attract investment and given the emergence of a more positive global outlook, investor sentiment is cautiously optimistic as we move towards the end of the year and into 2026," said KPMG partner in deal advisory Gavin Sheehan.
"Investors continued to pause in the face of geopolitical tensions and concerns regarding potential impacts tariffs may have on the broader economy," added KPMG partner in deal advisory Gavin Sheehan. Post the EU-US Trade agreement in August there is some hope that investor sentiment will pick up as we head towards the end of the year."
European and global trends VC investment in Europe rose from $15.2bn (€13bn) in to $17.4bn (€14.92bn) in the third quarter of 2025, though overall deal volume remained soft — falling from 2,085 to a 10-year low of 1,625 quarter-over-quarter. The AI sector in Europe was led by a $1.5bn raise by France-based Mistral and a $1.5bn raise by UK-based Nscale.
Meanwhile, global VC investment increased from $112.4bn across 8,860 deals in Q2 2025 to $120.7bn across 7,579 deals in Q3 2025.
CONNECT WITH US TODAY
Be the first to know the latest news and updates
