Funding into Irish SMEs has crossed the €1bn mark for the first nine months of the year. Cybersecurity and fintech sectors attracting the highest funding, each raising 28pc of the total. IVCA chair Leo Hamill said results are ‘encouraging’ for Ireland’s indigenous tech sector. Ireland compares ‘favourably’ to Europe when it comes to attracting tech venture capital, he said. In September, the IVCA said that Irish tech companies had raised record levels of venture capital in the first half of 2022 – but cautioned that a slowdown in the second quarter could threaten the outlook for the rest of this year. In Europe, however, seed funding in Ireland was up by an impressive 45pc. . . .
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