Caroline Gaynor, chairperson, IVCA. Image: Fennell Photography
Notable rounds this past quarter include Neurent Medical, Aerska, Evervault, Circuit and XFuel.
VC funding into Irish SMEs fell 58pc to €221.7m in first quarter of this year, finds Irish Venture Capital Association’s (IVCA) quarterly Venture Pulse survey.
The drop in funding, however, is in comparison to a record-setting Q1 2025, when Irish firms raised €532.8m. The report was published in association with William Fry.
Life sciences SMEs led funding rounds this quarter, accounting for 54pc of the total investment – or €119.5m, followed by fintech at 13pc (€28m), software at 12pc (€26.9m), cybersecurity at 9pc and environmental tech at 8pc.
