Irish State agency Enterprise Ireland completed 988 venture capital funding deals between 2018 and 2022.
Enterprise Ireland has been ranked as Europe’s most active domestic venture capital investor by deal count.
That’s according to a new report by private equity investment platform PitchBook. The report, which covers the period 2018 to H1 2022, showed that Enterprise Ireland had completed 988 investments over that period, the most in any European country.
“This investment by Enterprise Ireland assists dynamic, innovative companies that create jobs throughout Ireland and play a huge role in local economies and communities”
The number of investments completed by Enterprise Ireland was 42% more than its nearest competitor, French sovereign wealth fund Bpifrance.
Scale and grow
The PitchBook platform is used by close to 100,000 venture capital, private equity, angel investors and investment professionals for data, research and technology profiles of global start-ups and covers the private capital markets, including venture capital and private equity.
“Enterprise Ireland is committed to ensuring that Irish companies, especially those in the start-up sector, have access to capital to enable them scale and grow in competitive global markets,” said Leo McAdams, head of Investment Services at Enterprise Ireland.
“The latest PitchBook report demonstrates our activity in this important area and we are delighted to be ranked first in Europe by deal count. This investment by Enterprise Ireland assists dynamic, innovative companies that create jobs throughout Ireland and play a huge role in local economies and communities.”