Business News

Enterprise Ireland ranked number three globally for seed investment

By Business & Finance
26 November 2015
funding stock

Venture capital (VC) and private equity investment platform, PitchBook, has put Enterprise Ireland at number three in terms of top VC investors in global seed funding rounds since 2010 in its latest ranking.

Since the beginning of 2010, 2,387 VC investors have participated in at least one seed round globally, according to the PitchBook platform. During this timeframe, VCs have completed an increasing number of seed financings each year, with annual deal count jumping from 484 in 2010 to 1,943 last year.

According to PitchBook, VCs have already put $1.97bn into seed investments this year, surpassing 2014’s total of $1.95bn.

Kevin Sherry, executive director, Enterprise Ireland, said: “A key focus for Enterprise Ireland is providing seed capital to start-up companies and we are delighted to have been ranked third among top venture capital investors worldwide, including SV Angel, Kima Ventures, Andreessen Horowitz and Google Ventures.

He continued: “This reiterates the important role that seed funding, and Enterprise Ireland, plays in providing essential finance to early stage companies as they begin their path to growth.”