Ireland’s Top 14 Venture Capital Firms [2022]

With Ireland’s venture capital firms investing in 2021 a total of €1.3 billion across 279 deals, up 45% vs. 2020, Ireland has recently become one of Europe’s premier destination for startups.

Whether you are raising seed, Series A or higher, in this article we have listed our top picks for Ireland’s best venture capital firms, their industry focus as well as typical investment size. So, if you haven’t yet started to reach out, here is a good place to start learning about them.

This article is part of a series where we present you the top Venture Capital firms across the world. For Europe, check out our rankings for Amsterdam, Austria, Belgium, Berlin, Denmark, France, Italy, Norway, Spain, Sweden, Switzerland and the UK.
Looking for Ireland's top startup incubators and accelerators instead? Check out our ranking here.

Top 14 Venture Capital Firms In Ireland

Here’s a summary of our top 14 picks for Ireland’s best venture capital firms for tech startups (in alphabetical order):

NameSector focusRoundInvestment sizeInvestments
Act Venture CapitalTechnologySeed, Series AUndisclosed139
Arch Venture PartnersLife ScienceSeed, Series A, A+$50K-$150M409
Business Growth FundSector agnosticSeed, Series A, A+£1M – £15M369
Delta Partners irelandTechnologySeed, Series A£100K – £3m80
Elkstone VenturesTechnologySeed, Series AUndisclosed36
Enterprise Equity Venture Capital GroupTechnologySeed, Series A, A+Up to £2m88
Fountain Healthcare PartnersLife Science, HealthtechSeed, Series A, A+€10M – €15M37
Frontline VenturesEnterprise SaaS, SoftwareSeed, Series A, A+Undisclosed130
Heritage Ventures IrelandTechnologySeed, Series A.€500K-€2M7
Kernel CapitalSector AgnosticSeed, Series A, A+€500K-€2M82
Seroba Life SciencesLife ScienceSeries A, A+€5M-€10M33
Sure Valley VenturesAI/ML, Gaming, eSports, Internet of Things (IoT), CybersecuritySeed, Series AUndisclosed30
Venture Wave CapitalImpact investingSeed, Series A, A+Undisclosed3
Yield LabAgritechSeed, Series A€100K-€2M17

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Act Venture Capital

Act Venture Capital is a venture capital firm investing in talented business founders and supporting them in building exceptional companies. 

The VC firm presents the portfolio company’s diverse expertise and experience, enabling them to create winning solutions. The venture builder works with the portfolio companies from the earliest stages, inspiring them to work hard and improve odds of success. 

Act Venture Capital looks for founders committed to pursuing a large market that they understand deeply. As generalist early-stage investors, they have the flexibility and trust to invest from the seed stage to the growth stage and across different technology sectors.  

Arch Venture Partners

Arch Venture Partners back founders who apply great science-based ideas to solve problems in healthcare sectors. 

The VC firm partners with experienced experts and works together in helping the founders build disruptive companies across the globe. Arch Venture Partners prefers to back companies that follow the science and create solutions based on revolutionary technologies that will impact lives.

Since its inception, the VC firm has backed disruptive companies with as little as $50K and up to $150M per portfolio company. 

The VC firm has offices in Dublin, San Francisco, Seattle, and Chicago. 

Business Growth Fund

Business Growth Fund is one of Ireland’s most active venture capital firms. The VC firm backs entrepreneurs and innovators and enables them to build solid and sustainable businesses.

Business Growth Fund invests between €1M and €15M and makes significant follow-on funding. Business Growth Fund takes an equity share of between 10%-40% for every investment. The portfolio company remains in total control, while BGF acts as a junior partner alongside the management teams and the shareholders.

BGF provides founders a mix of equity and loan notes for growth and or cash out to the existing shareholders.

Delta Partners

Delta Partners Ireland is an early-stage VC firm that invests at the beginning and partners with the startups until the end of their journey. The VC firm supports its founders in building a solid company foundation. By ensuring a milestone-focused investment approach, the VC firm creates a capital optimizing culture that lasts a company’s lifetime.  

Since its inception, the VC firm has invested millions of Euros from its 5 investment funds in over 120 startups. The partner-focused VC firm remains committed to ensuring the founder’s success throughout the investment journey. 

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Elkstone Ventures

Elkstone Ventures invests in early-stage technology companies across various industries and sectors. 

The VC firm looks for great founders with a commitment, drive, and ambition to build successful enterprises. 

It provides the portfolio companies access to an international deal flow through their extensive network.

The venture capital firm ensures an intelligent asset allocation approach in supporting businesses to scale internationally. The VC firm provides ongoing support and active involvement in all the portfolio companies. They maintain a founder-friendly approach and involve mentors who share their knowledge and experience with the portfolio companies.

Enterprise Equity

Enterprise Equity Venture Capital Group is an experienced team with a commercial and investment approach in Ireland and the international market. The venture capital investor has earned an excellent reputation for providing capital to companies in the early and the expansion stages. The VC firm has invested in internationally-focused companies and achieved success by ensuring a proper capital management approach.

Enterprise Equity Venture Capital Group has three funds under their management and has invested more than €50 million in over 80 companies throughout Ireland. The VC firm has offices in Cork and Dublin. 

Fountain Healthcare Partners

Fountain Healthcare Partners provides capital and expertise to ambitious entrepreneurs who focus on building outstanding life-science companies. Over the years they have been operating, the management has gained the experience to help the founders grow their businesses smartly and mitigate risks while expanding their impact.  

Fountain Healthcare Partners invests most of their fund in Europe and the rest in the US. They aim at bridging the continents and facilitating partnerships while building an international network to benefit everyone.

The VC firm targets Pharma, biopharmaceuticals, medical devices, and diagnostics investments. They invest from the seed stage to public offerings and make investments of €10M to €15M. 

Frontline

Frontline Ventures is another of Ireland’s top venture capital firms. It is a seed to growth-stage investment firm focusing on backing entrepreneurs who build enterprise SaaS and software solutions. The Frontline X fund focuses on growth-stage startups and targets the US-based companies expanding into Europe. The go-to-market fund is built on operating experience, and it is powered by a deep network of B2B advisors across the Europe and US markets. 

The Frontline Seed is a fund for early-stage businesses with a global ambition. The fund targets the B2B early-stage businesses with global ambitions. It is a fund for the challengers who seek to venture into the technology, computer science, and engineering sectors.  

Heritage Ventures

Heritage Ventures Ireland is an investment company committed to helping the IT and Technology businesses, enabling them to achieve their full potential. The Vc firm invests in startups and small businesses showing exceptional growth potential. They look for larger companies that have scaled fast and are solid to keep on expanding. 

The venture capital firm seeks to create a profitable business relationship to achieve successful outcomes for each party. The VC firm aims for global reach. Therefore, they apply their experience and knowledge about the technology and market to provide support to their portfolio companies. 

The Vc firm invests between €500K and €2M per company.

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Kernel Capital

Kernel Capital is a seed and early-stage venture capital firm. The VC firm invests in diverse sectors and provides initial investments in the range of €500K to €2M. Typically, the VC firm seeks to take the lead and invest in syndicate rounds. 

They have syndicated investments with over 80 institutional co-investors and many high net worth private investors who bring significant added value to their portfolio companies. 

Seroba Life Sciences

Seroba invests in life science companies seeking funding for their innovative life science projects. The Vc firm looks for cutting-edge innovations to transform patients’ experience and address unmet medical needs. Investing in series A or B stage companies ensures life science-focused innovations come to shape and size.

Throughout their investment journey, Seroba Life Sciences’ typical investments fall in the range of €5M to €10M in their investee company. The VC firm invests along with a syndicate of other investors that can lead or co-lead.  

Sure Valley Ventures

Sure Valley Ventures is an entrepreneur-led venture capital firm focusing on helping software entrepreneurs grow and scale their businesses to achieve a global impact. The seed-stage VC firm helps the exceptional founders achieve rapid scale-up. They focus on large growth areas and seek to work closely with partners and investors to support the entrepreneurs achieve their ambitions.

Sure Valley Ventures offers entrepreneurs advice, operational expertise, and access to far-reaching networks throughout the platform. They look for companies investing in Artificial Intelligence, IoT, and immersive technologies.

VentureWave

VentureWave is a private equity and venture capital firm focusing on entrepreneurial companies with high impact potential. The VC firm focuses on building great companies by maximizing financial potential and applying proven tools and methods to scale and grow their businesses.

The VentureWave team has the experience and understanding to help portfolio companies attain success. They invest in technology companies building cloud-based solutions that target Agriculture, Education, Cleantech, Health, and Wellness sectors. Their experienced teams provide practical assistance in implementing, scaling and adapting technology for the given market.  

Yield Lab

Yield Lab is an impact fund that actively seeks and supports companies that focus on revolutionizing the Agri-food tech sector. The VC firm aims to support entrepreneurs who create positive, sustainable impacts.

Therefore, each portfolio company receives financial support and tailored support to help them achieve their vision. In addition to providing capital and strategic support, Yield Lab provides access to a network of experts, corporate, and investors from across the globe. The experts offer founders mentorship and help them scale successfully.

Their initial investment checks in seed and Series A companies range between €100K and €2M per portfolio company. 

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