Enterprise Ireland announces €30M for co-investment

03 Jun 2008 | News

Funding opportunities

Enterprise Ireland has €30 million remaining under the 2007-2012 Seed and Venture Capital (VC) Programme. The money is now available for co-investment. 

So far €148.75 million has been committed to eight seed and venture Funds. Of these, fivehave completed first closings, including Delta Partners, the AIB Seed Capital Fund, Atlantic Bridge Ventures, Kernel Capital Partners and Fountain Healthcare Partners. A further three funds have received commitments and are nearing closing.

These eight funds have already raised a total of more than €500 million for investment in early stage and growing companies, and several are expected to close further fund raising rounds.

Making the announcement Feargal O Moráin, Executive Director, Enterprise Ireland said, “The 2007-2012 Seed and Venture Capital (VC) Programme, the third such programme to date, has been extremely successful in raising finance for investment in Irish companies at all stages of development. With over half a billion raised for investment to date, this is of particular benefit to seed and early stage Irish companies.”

“Enterprise Ireland is now inviting applicants for the remaining funds and is seeking co-investors who can raise a minimum fund of €30 million and have the ability to access private sector and institutional capital in Ireland and internationally,” he added.


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