Not too long ago, the Irish economy had flipped from the success story that led to its famed ‘Celtic Tiger’ moniker to being on the brink of economic disaster following the collapse of its banking and construction sectors. What followed were three years of austerity policies that resulted in a remarkable turnaround, leading to Ireland being on track to become the Eurozone’s fastest-growing economy for the fourth consecutive year.
While this is having an impact on Ireland’s attractiveness—a recent study by Index Ventures showed that Dublin is the second-most popular city for young US companies setting up a European headquarters—how exactly is the country’s homegrown VC community faring?
Since the start of 2014, 148 VC investors have taken part in at least one of the 586 completed venture deals involving companies based in Ireland, according to the PitchBook Platform. Total invested capital through these deals has also been steadily rising, with €266 million invested in 2014, €354 million in 2015 and €411 million in 2016. This year has gotten off to a healthy start with €127 million invested to date. The healthcare sector has raised the most capital across the greater timeframe (almost 46%), followed by IT (33%) and B2C (9.5%).
Here is a list of the top seven VC investors (excluding accelerators and the government agency Enterprise Ireland) in Irish companies since the beginning of 2014, with their investment counts.