Irish-based companies raised $655m (€571m) in venture capital funding last year, the second best yearly performance on record, according to KPMG. Irish-based companies raised $655m (€571m) in venture capital funding last year, the second best yearly performance on record, according to KPMG. Pointy, a software company aiming to help bricks and mortar retailers with ecommerce, completed a $12m fundraising. Data for the report came from Pitchbook, a data and research company, which defines venture capital deals as equity investments made into startups. KPMG said artificial intelligence and self-driving vehicles are among sectors likely to see significant venture capital interest this year.

Source: Irish Independent February 04, 2019 02:26 UTC