Venture capital investment in Ireland soars by 35%
{{date|May 22, 2005}}
[[Image:Eylogo.PNG|right|Ernest & Young's logo]]
Venture capital investment in [[Ireland]] has leaped by 35% in the first quarter of 2005, according to a new report by [[w:Ernst & Young|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 [[w:information technology|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.

==Sources==

*{{source|url=http://www.accountingnet.ie/content/publish/article_1011.shtml| title=      
Venture capital investment in Ireland increased 35% | author=S Heaphy |pub=Accountingnet.ie|date=May 19, 2005}}
*{{source|url=http://www.enn.ie/frontpage/news-9607667.html| title=Irish venture capital investment soars | author=Deirdre McArdle |pub=Electricnews.net|date=May 17, 2005}}

 
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[[Category:Europe]]
[[Category:Ireland]]
[[Category:Economy and business]]
Ernest & Young's logo
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.
Europe Ireland Economy and business