Profitable Year for VC firms in 2004
Wednesday, June 29 2005
by Ciaran Buckley
Venture capitalists reaped EUR178 million from their Irish investments in 2004, but only invested EUR61 million, focusing their cash on the technology sector.
According to the Irish Venture Capital Review, which has been released by the Irish Venture Capital Association, the technology sector got 87 percent of the total amount of venture funding in 2004.
Last year was a record year for divestments, with venture capitalists reaping EUR178 million...
IVCA Annual Review – 2005
Irish Venture Capital Association Annual Review Finds Need for New Funding
- Tech sector continues to dominate investment at 87%
- Record year for divestment at €191m
Dublin; Wednesday 29th June, 2005:
Irish venture capital companies will require significant funding in 2006 if the level of investment in Irish industry is to continue to develop. This is one of the findings of the Irish Venture Capital Association Annual Review which is published today.
FUNDS RAISED BY VC INDUSTRY