Venture firms set to invest €1bn in developing projects

VENTURE capitalists have plenty of cash to invest in worthy startup and developing enterprises, the Irish Venture Capital Association (IVCA) declared yesterday.

IVCA companies have more that 1bn invested in developing companies according to association chairman Conor O’Connor.

He said despite the lack of IPO (initial public offering) exit mechanisms, member companies have plenty of resources to invest in new projects.