February 24, 2009 Leave a comment
What’s going on in Ireland? Don’t the Irish know there’s a recession going on? Well perhaps not. It seems that €148.75m has been committed to 8 early stage investment funds. Great stuff I say. The six who have complete their first closings are: Delta Partners [100m fund], AIB Seed Capital Fund [30m fund], Atlantic Bridge Ventures, Kernel Capital Partners [70m fund], Fountain Healthcare Partners – life science fund and NCB Ventures – [75m fund] – closed its fund in November. So many good things seem to be coming out of Ireland from the digital front at the moment. They have got their infrastructure to speed and are now accelerating young digital startups
Aparently, the fund has €30m still waiting to be used. A recent FT article went out recently, to announce that they are looking for co-investment opportunities with UK VCs. Thinking of applying? Enterprise Ireland can be found here.