Venture funding for Irish tech firms surges in first quarter

Hopes that first quarter increase is a harbinger of recovery for early-stage funding in 2021 

Cybersecurity firms saw the level of investment increase by €21.9m or 9%.

Venture capital funding for Irish technology firms has shaken off any restrictions caused by the Covid-19 pandemic.

The sector recorded an 8.9% increase to €249.4m in funding for the first three months of 2021, up from €228.9m in the same period last year.