Nicola McClafferty new chair of Irish Venture Capital Association

Draper Esprit partner Nicola McClafferty has been elected new chair of the Irish Venture Capital Association (IVCA).

McClafferty takes over from Gillian Buckley, investment manager with the Western Development Commission (WDC), who has completed her term of office.

McClafferty has been both an entrepreneur and an investor in her time.

“While Ireland’s focus in the past has been on creating the environment to attract FDI investment, global pressures make it increasingly important that we look to policies that will boost local entrepreneurship and accelerate the development of the indigenous Irish tech sector”

She worked in venture capital in London before cofounding and heading up online retailer, Covetique, which was later sold to ASOS plc.

Focus on the future

UCD graduate McClafferty joined Draper Esprit in 2017 and in April 2020 was appointed partner.

As well as focusing on consumer and software-as-a-service (SaaS) investment across Europe, she heads up the Draper Esprit office in Dublin. Nicola sits on the boards of portfolio companies including Manna, Lyst, Pollen, Roomex and Sweepr.

“While Ireland’s focus in the past has been on creating the environment to attract FDI investment, global pressures make it increasingly important that we look to policies that will boost local entrepreneurship and accelerate the development of the indigenous Irish tech sector,” McClafferty said.

DCU research finds that between 2003 and 2018 in excess of 2,500 Irish SMEs have raised venture capital and private equity of €5bn.  

By John Kennedy (john.kennedy3@boi.com)

Published: 30 June 2021

Recommended