To honor St. Patrick’s Day, we’ve decided to dive into the Irish venture scene and provide an overview of the activity within the country since 2010. While its most notable export may forever be Guinness, Ireland does have an up-and-coming startup scene, as well as some notable companies that trace their origins to the Emerald Isle. Did you know that both founders of payment startup Stripe hail from Ireland?
The number of deals for Irish startups steadily increased to a high of 398 in 2014. But last year saw a sharp drop-off when the total deal count fell to just 146. Although deal flow has varied over the past few years, capital invested during that time has held steady.
Since the beginning of 2010, 501 investors have participated in a venture round for an Irish startup. Leading the way, not surprisingly, is Enterprise Ireland, which has completed an incredible 409 investments. Below we’ve included the top 10 VC investors in Irish startups.
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Though early-stage rounds have accounted for the largest portion of completed deals since 2010, the table below highlights some of the larger venture financings in Ireland over the past six years.
Following the worldwide trend, more software companies have received funding in Ireland than startups from any other sector. 277 software companies have closed 447 deals since 2010, more than 41% of the total deal count.
One of the many data points offered on companies in the PitchBook Platform is our Growth Rate score, which is calculated based on how much a company's online presence has increased over the trailing eight weeks. Below are the 10 fastest-growing startups in Ireland.