Venture capital investment in Ireland soars by 35%
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Sunday, May 22, 2005
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Venture capital investment in Ireland has leaped by 35% in the first quarter of 2005, according to a new report by Ernst & Young. The report found that Europe-wide venture capital investment increased by a healthy 19% on the same period in 2004.
Total investment in Ireland was €42.11m (US$52.8m, £28.9m) for the first 3 months compared to €31.23m (US$39.1m, £21.4m) in the first quarter of last year. The report found that 85% of the capital was invested in the information technology sector; largely helped by a successful €15m fundraising by Corvil Networks.
€880.3m (US$1.1bn, £605m) was raised throughout Europe in almost 200 separate deals, with €407.3m of that invested in the IT sector.
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Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.
Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.
Note that some listed sources or external links may no longer be available online due to age.
