A new report by PitchBook, a Venture Capital (VC) and Private Equity investment platform, has named Enterprise Ireland as Europe’s most active domestic VC investor by deal count.
The report, which covers the period 2018 to H1 2022, showed that Enterprise Ireland had completed 988 investments over that period, the most in any European country.
The number of investments completed by Enterprise Ireland was 42% more than its nearest competitor, French sovereign wealth fund Bpifrance.
Enterprise Ireland is the government organisation responsible for the development and growth of Irish enterprises in world markets. They work in partnership with Irish enterprises to help them start, grow, innovate and win export sales in global markets. In this way, the organisation supports sustainable economic growth, regional development and secure employment.
Welcoming the PitchBook report naming Enterprise Ireland as Europe’s most active domestic VC investor, Leo McAdams, Head of Investment Services at Enterprise Ireland, said, “Enterprise Ireland is committed to ensuring that Irish companies, especially those in the start-up sector, have access to capital to enable them scale and grow in competitive global markets. The latest PitchBook report demonstrates our activity in this important area and we are delighted to be ranked first in Europe by deal count. This investment by Enterprise Ireland assists dynamic, innovative companies that create jobs throughout Ireland and play a huge role in local economies and communities.”
The PitchBook platform is used by close to 100,000 Venture Capital, Private Equity, Angel Investors and Investment Professionals for data, research and technology profiles of global start-ups and covers the private capital markets, including venture capital and private equity.
Source: Business & Finance