Venture capital funding into Irish SMEs soared to €532.8m in the first quarter of 2025, according to the Irish Venture Capital Association VenturePulse survey published today in association with William Fry. This was a record for a first quarter and represents a year-to-year increase of over 100%.
But Mr Gerry Maguire, chairperson, Irish Venture Capital Association said: “It should be noted that over 80% of the total in this quarter was due to deals worth over €10m.” He said that the picture for start-ups raising under €3m was less rosy and this may reflect an imbalance in the market.
The first quarter excluded the impact of US “Liberation Day” tariffs on 2nd April. Mr Maguire said that anecdotal evidence suggested that the uncertainty and caution caused by this, especially amongst international investors, is likely to show up in following quarters.
Sarah-Jane Larkin, director general, IVCA said that funding by international venture capital into Irish companies rose to 82% of the total, compared to 71% in the same quarter last year.
“This is a doubled edged sword. While it reflects the high quality and potential of Irish tech firms and demand by overseas investors, it also reflects Ireland Inc’s vulnerability to international influences if the tide goes out.”
Deals in the €30m+ category grew by nearly 90% to €296.8m. Funding in the €10m-€30m range rose by 184% to €132m. Deals between €5m-€10m grew 138% to €43.8m. Funding in the €3-€5m increased 346% to €35m from €7.8m the previous quarter.
Deals in the €1m-€3m category fell by 5% to €21.6m. Deals under €1m fell by 42% to €3.6m from €6.2m the previous year. There was also a big fall in the number of deals in this category, down from 21 to six. Seed funding, or first rounds raised by SMEs, marked time, falling by 3% to €39.3m from €40.4m the previous year.
The total number of deals in the first quarter was 43, slightly ahead of the same quarter last year (41).
Top five deals in the first quarter were lifescience company, Let’s get Checked which raised €150m. Cybersecurity firm, Tines raised €115m followed by AI company, Protex AI (€31.8m), drone delivery firm, Manna (€27m) and medical technology manufacturer, Perfuze (€22m).
Ireland’s transition to electrified mobility continues to strengthen, with two in five Irish consumers (40%)…
South East Technological University’s (SETU) sixth annual Women in Technology event will bring together role…
By David Stephen who looks at the idea of Digital Insurance and how it could…
Irish small and medium-sized enterprises (SMEs) are increasingly aware of the growing risk posed by…
The Spider Awards, Ireland’s longest-running and most prestigious digital awards ceremony, is proud to announce…
National Broadband Ireland (NBI), the company responsible for delivering the Government’s National Broadband Plan (NBP),…
Irish Tech News are Ireland’s No. 1 Online Tech Publication and often Ireland’s No.1 Tech Podcast too.
You can find hundreds of fantastic previous episodes and subscribe using whatever platform you like via our Anchor.fm page here: https://anchor.fm/irish-tech-news
If you’d like to be featured in an upcoming Podcast email us at Simon@IrishTechNews.ie now to discuss.
Irish Tech News have a range of services available to help promote your business. Why not drop us a line at Info@IrishTechNews.ie now to find out more about how we can help you reach our audience.
You can also find and follow us on Twitter, LinkedIn, Facebook, Instagram, TikTok and Snapchat.