The volume of deals in 2021 increased by 20% to 279, up from 233 the previous year. IVCA director general Sarah-Jane Larkin said this increase – combined with the 44% rise in value – shows that Irish SMEs are raising larger funding rounds.
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Irish tech start-ups reached a record €1.3b in VC investment in 2021
“The indigenous tech start-up and SME sector appears to be well positioned to benefit from and contribute to a strong post-pandemic jobs recovery,” McClafferty said. “57pc of funding in 2021 came from overseas investors, highlighting the continuing appeal of Irish tech firms and their ability to compete on a world stage.”
