(stock photo)Irish tech funding is set to exceed €1bn this year after new figures show that venture capital here has surged during the Covid era lockdown. The unexpected jump -- amounting to €363m between April and June, according to the Irish Venture Capital Association (IVCA) - coincides with international markets boosting tech companies to unprecedented value levels. While other business sectors struggle, Irish tech companies are increasingly seeing cash investors ready to sign funding deals of over €10m. Atlantic Bridge was the most active Irish venture capital firm by number of deals, participating in six funding rounds that combined to raise €37m. Almost all of the VC funding deals in the quarter involved multiple backers.

Source: Irish Independent September 06, 2020 12:56 UTC