Ireland Startup Ecosystem

Overview

Ireland's startup ecosystem is rapidly growing, with Dublin being the main hub for innovation. As of 2023, Ireland is home to around 1,500 startups. The Irish government supports entrepreneurship through initiatives like Enterprise Ireland and the National Digital Research Centre (NDRC), which provide funding, resources, and mentorship for startups.

Size of the Market

In 2022, Irish startups raised approximately €1 billion in venture capital. This significant investment highlights the robust growth and potential of the Irish startup ecosystem, making it an attractive destination for investors and entrepreneurs alike.

Key Strengths

Strengths of the Irish market include a highly educated workforce, a strong focus on innovation, and a favorable business environment. Dublin is known for its strengths in fintech, healthtech, and software development, attracting significant investments and producing notable startups like Intercom and Stripe.

Major Hubs

Dublin is the primary hub for innovation in Ireland. It is home to a vibrant tech scene and hosts numerous successful startups, benefiting from a concentration of resources, talent, and investment.

Emerging Hubs

While Dublin remains the main hub, other cities like Cork and Galway are emerging as significant players in the startup ecosystem, offering growing opportunities and resources for new ventures.

Support Systems

The Irish startup ecosystem benefits from a strong network of incubators, accelerators, and co-working spaces. Initiatives like Dogpatch Labs and the Guinness Enterprise Centre have significantly boosted the ecosystem by offering mentorship, resources, and international exposure.

Challenges

Challenges include high living costs and a relatively small domestic market. These factors can make it difficult for startups to scale and attract talent, posing obstacles to growth.

Opportunities and Future Outlook

Despite these challenges, Ireland is making significant strides in innovation and entrepreneurship. Continuous investment and technological advancement are driving substantial growth opportunities, positioning Ireland for further development in the global market.

Resilience and Adaptability

Ireland's strategic location in Europe and its role as a hub for multinational companies provide startups with opportunities for international expansion. The country's strong emphasis on sustainability and green technology is driving innovation in sectors such as renewable energy and environmental technologies.

Conclusion

Additionally, Ireland's pro-business policies and robust infrastructure make it an attractive destination for entrepreneurs and investors. As Ireland continues to invest in its startup ecosystem, it is poised for further growth and development, contributing significantly to the European and global markets.

How to connect with Angel Investors in Ireland?

Overview

Ireland's vibrant startup ecosystem has seen a surge in activity, driven by a supportive investment community. Key players include top angel investors and leading venture capital firms who are pivotal in fostering innovation and growth in the country. With substantial investments and a focus on mentorship, Ireland's startup landscape is poised for significant expansion.

Top Angel Investors

Some of Ireland's most influential angel investors include Michael Culligan, Brian Caulfield, and Frank Salmon. These investors are known for their strategic investments in early-stage startups, providing not only capital but also valuable mentorship and industry connections. Their investment portfolios often include technology, fintech, and healthtech startups.

Leading Venture Capital Firms

Ireland boasts several prominent venture capital firms, including Atlantic Bridge, Delta Partners, and Frontline Ventures. These firms are instrumental in scaling startups from early stages to market leaders. They invest across various sectors, with a particular focus on technology, healthtech, and software development.

Investment Size and Scope

The investment size in Ireland ranges significantly, with angel investors typically investing between €50,000 to €250,000 per startup. Venture capital firms in Ireland generally make larger investments, ranging from €1 million to €10 million, depending on the stage and potential of the startup. In 2022, Irish startups raised approximately €1 billion in venture capital, showcasing the substantial investment activity in the market.

Number of Investments

Irish angel investors and venture capital firms are highly active, collectively making hundreds of investments annually. This consistent investment flow supports a dynamic and robust startup ecosystem, enabling startups to scale rapidly and reach international markets.

Future Outlook of the Investment Market

The future outlook for the investment market in Ireland is highly positive. With continuous support from the government and private sector, the ecosystem is expected to grow exponentially. Emerging sectors such as fintech, healthtech, and sustainability are likely to attract increased investments, driving further innovation and economic growth.

Support and Mentorship

Support and mentorship are critical components of Ireland's startup ecosystem. Programs like Enterprise Ireland and the National Digital Research Centre (NDRC) offer extensive resources, funding, and mentorship. Additionally, incubators and accelerators like Dogpatch Labs and the Guinness Enterprise Centre provide essential support to early-stage startups, helping them navigate the challenges of scaling their businesses.

Government Initiatives

The Irish government plays a proactive role in supporting startups through various initiatives. Enterprise Ireland, for example, offers funding and advisory services to help startups expand globally. The NDRC focuses on digital transformation, providing startups with the tools and knowledge needed to thrive in a digital economy.

Conclusion

With a robust network of angel investors, leading venture capital firms, and comprehensive support systems, Ireland's startup ecosystem is well-equipped for sustained growth. The continuous influx of investments and the strong focus on innovation and mentorship create a fertile ground for startups to flourish. As Ireland continues to invest in its entrepreneurial landscape, it is poised to become a significant player in the global startup scene.

Angel Investment trends in Ireland

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We found 271 Angel Investors in Ireland on Angels Partners

Max Rimpel
Investing in Businesses Solutions
 New York, U.S.A. - U.K. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland,
Investor Picture
Previous Investments
  • Climax Foods: $44017000000 (Later stage VC)
  • Starburst Data: $118000000 (Later stage VC)
  • Fast (Application Software): $102000000 (Later stage VC)
  • Wealthfront: $75000000 (Later stage VC)
  • Duo Security: $70000000 (Later stage VC)
  • Kano Computing: $28000000 (Later stage VC)
  • Figma: $25000000 (Later stage VC)
  • Built Technologies, Inc.: $21000000 (Early stage VC)
  • Behavox: $20000000 (Later stage VC)
  • Less: $19000000 (Early stage VC)
  • Homebell: $11000000 (Later stage VC)
  • Scoop Technologies: $10600000 (Early stage VC)
  • Trouva: $10000000 (Early stage VC)
  • Spendesk: $8000000 (Early stage VC)
  • Gremlin Inc: $7500000 (Early stage VC)
  • Linear: $4200000 (Early stage VC)
  • Supersolid: $4000000 (Early stage VC)
  • Pitch Software:
  • Taxfix: (mid stage)
  • arfa, Inc.: (early stage)
  • Personio: (mid stage)
  • ComplyAdvantage: (mid stage)
  • Typeform.com: (late stage)
  • Chalk: $10000000 (Seed)
  • Bandana: $4000000 (Seed)
  • ChannelEngine: $50000000 (Series B)
  • Enigma: (Seed)
  • cargo.one: $42000000 (Series B)
  • cargo.one: $19000000 (Series A)
  • Layer: $5000000 (Seed)

Max Rimpel

New York, U.S.A. - U.K. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland,

Investing In

Businesses Solutions

Description

Principal at Index Ventures

Principal at Index Ventures

Brian Caulfield
Investing in Software (Web Marketplace Saas..) &b...
 San Mateo, Belgium - U.K. - Ireland
Investor Picture
Previous Investments
  • Moby Bikes: $4000000 (Seed)
  • Inclusio: $7000000 (Seed)
  • Marker Content: $110000 (Seed)
  • HoloToyz: $1000000 (Seed)
  • ChangeX: $440000 (Seed)
  • Movidius: $40000000 (Series E)
  • Movidius: $16000000 (Series D)
  • Mobile Travel Technologies: $5000000 (Series A)
  • Cicero Networks: $2000000 (Angel)
  • PutPlace: $2000000 (Angel)
  • Clavis Insight: (Seed)
  • Aepona: $10000000 (Series C)
  • Aepona: $20000000 (Series B)
  • Aepona: $13000000 (Series Unknown)

Brian Caulfield

San Mateo, Belgium - U.K. - Ireland

Investing In

Software (Web Marketplace Saas..) • Education • FinTech (& Financials services)

Description

Venture Partner at Molten Ventures

Jim Davidson
Investing in PropTech • AgroTech • Clea...
 Denver - Colorado, U.S.A. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland, Monaco
Investor Picture
Previous Investments
  • Burke Agro de Nicaragua:
  • MCE Social Capital: (late stage)
  • Dev Equity:
  • CauseLabs: (late stage)
  • Impact Hub Boulder: (early stage)
  • MedClimate:
  • PeakChange: (early stage)
  • Laborfair:
  • Liquidity Capital: $1000000 (Seed)

Jim Davidson

Denver - Colorado, U.S.A. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland, Monaco

Investing In

PropTech • AgroTech • CleanTech • Impact • Real Estate (& Construction)

Description

President PeakChange

Social Venture Investor, Tech Executive & Leadership Mentor

Rodrigo Sepulveda
Investing in Advertising • Productivity
 San Francisco Bay Area, U.S.A. - France - Luxembourg - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg,
Investor Picture
Previous Investments
  • Culture Secrets: (Seed Round)
  • Demenager Facile: (Seed Round)
  • Holberton School: $2000000 (Seed Round)
  • RecargaPay: (Convertible Note)
  • Dott: $100000000 (Series B)
  • Dott: $34000000 (Series A)
  • Wizata: $3000000 (Series A)
  • Wizata: $2000000 (Seed)
  • Nannybag: $2000000 (Seed)
  • Nannybag: (Convertible Note)
  • Wefarm: $13000000 (Series A)
  • Smartrenting: (Series A)
  • Spire Global: $40000000 (Series D)
  • Spire Global: $70000000 (Series C)
  • Service: (Convertible Note)
  • Verse: $5000000 (Series Unknown)
  • OpenExo: (Convertible Note)
  • Pliops: $30000000 (Series B)
  • Salonkee: $1000000 (Seed)
  • Passbolt: $530000 (Seed)
  • Glose: $3000000 (Series Unknown)
  • Catalyte: $27000000 (Series A)
  • Tribe: $3000000 (Seed)
  • Tribe: $3000000 (Seed)
  • Tribe: $500000 (Seed)
  • Nektria: $2000000 (Series A)
  • itravel: $2000000 (Series A)
  • Attach: (Seed)
  • Boostable: (Seed)
  • Allmyapps: (Series A)
  • Manifest: (Seed)
  • Getaround: $3000000 (Seed)
  • amiando: (Seed)
  • Wavestorm: (Seed)

Rodrigo Sepulveda

San Francisco Bay Area, U.S.A. - France - Luxembourg - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg,

Investing In

Advertising • Productivity

Description

Most Interested In

Blockchain, Cybersecurity, Infrastructure, SpaceTech, DeepTech, AI, ML

Not Interested In

FinTech, AdTech, Ecommerce, CleanTech, BioTech



CEO at @sepulveda-capital. Managing Parter Expon Capital. Serial entrepreneur (5 founded, 3 sold). Invested in North America (CA, NY, FL), Europe (FR, DE, CH).

Eamon Leonard
Investing in Software (Web Marketplace Saas..) &b...
 London, U.K. - Ireland - U.S.A.
Investor Picture
Previous Investments
  • XMTP: $20000000 (Series A)
  • Cohort: $580000 (Angel)
  • PicStash: $680000 (Seed)
  • Circa: $750000 (Convertible Note)
  • Intercom: $1000000 (Seed)

Eamon Leonard

London, U.K. - Ireland - U.S.A.

Investing In

Software (Web Marketplace Saas..) • Sales (& Marketing) • Blockchain (& Cryptos) • Messaging • Online Social

Description

Partner at Broadstone


Dubliner. Advisor. Angel investor. ex Engine Yard.

Mark Cummins
Investing in Software (Web Marketplace Saas..) &b...
 Dublin Dublin , Los A..., Belgium
Investor Picture
Previous Investments
  • Advisable: $1200000 (Seed Round)
  • Yonder: $2700000 (Pre Seed Round)
  • &Open: $7200000 (Seed Round)
  • Dgraph Labs: $1100000 (Seed Round)

Mark Cummins

Dublin Dublin - Los Angeles California, Belgium

Investing In

Software (Web Marketplace Saas..) • Businesses Solutions • FinTech (& Financials services) • Sales (& Marketing) • A.I. (& Big Data) • Insurance (& InsurTech) • Productivity

Description

General Manager at Google


Dr. Mark Cummins is a Co-Founder and serves as the Chief Executive Officer and a Board Member at Pointy. He has previously worked with Google.

Mantas Mikuckas
Investing in Hospitality (& Events) • Mobile...
 Lithuania, Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland, Monaco - U.S.A.
Investor Picture
Previous Investments
  • Qoorio: $2210000 (Seed Round)
  • Walk15: $540000 (Seed)
  • HeavyFinance: $1000000 (Debt Financing)
  • Aerones: $32000000 (Series A)
  • Aerones: $8000000 (Seed)
  • Ovoko: $14000000 (Series A)
  • Ovoko: $5000000 (Seed)
  • Printify: $50000000 (Series A)
  • Inbalance grid: $2000000 (Series A)
  • Inbalance grid: $1000000 (Seed)
  • Billo: $2000000 (Seed)
  • Eneba: $8000000 (Series A)
  • PIXEVIA: $1000000 (Seed)
  • HumansApp: $2000000 (Pre Seed)
  • PlateCulture: $390000 (Seed)
  • Shelfleet: $200000 (Pre Seed)
  • Verb: $2000000 (Seed)
  • Walk15: $500000 (Seed Round)
  • Aerones: $30000000 (Series A)
  • Ovoko: $14000000 (Series A)
  • Aerones: $8300000 (Seed Round)
  • Printify: $50000000 (Series A)
  • Inbalance grid: $1500000 (Series A)
  • Billo: $2000000 (Seed Round)
  • Ovoko: $4300000 (Seed Round)
  • Eneba: $6600000 (Series A)
  • PIXEVIA: $1000000 (Seed Round)

Mantas Mikuckas

Lithuania, Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland, Monaco - U.S.A.

Investing In

Hospitality (& Events) • Mobile Apps

Description

Co-Founder & COO at Vinted | Angel Investor


Mantas Mikuckas is a Co-Founder and serves as Chief Operating Officer at Vinted. He served as Founding Partner at Practica Capital. He has years of experience in information technology and telecommunications sector in the development of their own business and the realization of the strategic buyer.

Tom Hickey
Investing in Software (Web Marketplace Saas..) &b...
 Virginia, Belgium
Investor Picture

Tom Hickey

Virginia, Belgium

Investing In

Software (Web Marketplace Saas..) • Retail (& E-Commerce)

Description

Non Executive Director at teamwork, ufurnish, Vortech Water Solutions

Barry Downes
Investing in Other • Web Security (& Privacy...
 London, Ireland
Investor Picture
Previous Investments
  • Immersive VR Education: (early stage)
  • FeedHenry: (early stage)
  • Buymie:
  • Getvisibility:
  • Volograms: (early stage)
  • Ambisense: (mid stage)
  • VividQ: (early stage)
  • Admix.in: (early stage)
  • Artomatix: (mid stage)
  • Nova Leah: (mid stage)
  • CameraMatics: (early stage)
  • WarDucks: (mid stage)
  • Wia: (early stage)

Barry Downes

London, Ireland

Investing In

Other • Web Security (& Privacy) • Gaming (& eSports) • Insurance (& InsurTech) • Logistics (& Distribution)

Description

Managing Partner at Sure Valley Ventures - Venture Capital

Managing Partner at Sure Valley Ventures - Venture Capital

David Coallier
Investing in Software (Web Marketplace Saas..) &b...
 ; San Francisco Calif..., U.S.A.
Investor Picture
Previous Investments
  • FoneSense:

David Coallier

; San Francisco California ; Cork Munster Ireland; California - U.S.A., U.S.A.

Investing In

Software (Web Marketplace Saas..) • IT (& TMT) • Media • Businesses Solutions • Hardware (& Manufacturing) • Retail (& E-Commerce) • Sales (& Marketing) • A.I. (& Big Data) • Web Security (& Privacy) • Advertising • Analytics • Cloud Services (& Infrastructure) • Mobile • Online Social • Consumer • Productivity

Description

David Coallier is a Co-Founder and serves as the Board Member and Chief Executive Officer at Barricade Security Syste He is the Co-Founder of Kwikdesk.

Eamonn Quinn
Investing in Retail (& E-Commerce) • Food & ...
 , Belgium
Investor Picture
Previous Investments
  • Buymie: $7000000 (Series Unknown)
  • Buymie: $2000000 (Seed)
  • Buymie: $450000 (Seed)

Eamonn Quinn

, Belgium

Investing In

Retail (& E-Commerce) • Food & Beverage

Description

Chairman at Kelsius, Chairman Buymie, Investor at EYOS


Eamonn Quinn is a Board Member of Nualight. He is the Chairman of Buymie. Quinn, whose career began in investment banking, held a series of senior executive management roles in Superquinn, the Irish supermarket chain founded by his father, Senator Feargal Quinn. Quinn has held leading representative positions on many international food retail industry bodies including the Paris-based supermarket organization C.I.E.S., where he chaired the marketing committee and the management development programmef and the USA based Operating Executives Council of the Food Marketing Institute. Since the sale of Superquinn, Quinn manages the Quinn Family investment portfolio, a number of private investments including ventures related to the global food retail sector. Quinn holds an MBA from the University of Stirling and an MA in Economics and Mathematics from Trinity College, Dublin. He was the Deputy chairman of Quinn.

João Monteiro
Investing in Mobility
 London, U.K. - Switzerland - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Ice
Investor Picture
Previous Investments
  • VonZu Tech: (Angel Investment)
  • Monese: (Seed)
  • EstateGuru: (Angel)
  • Bondora AS: (Angel Round)
  • Taxly.ch: (Angel)
  • Repositive: (Angel)
  • Hometouch: (Seed)
  • Eisbach Bio: (Seed)
  • TransactionLink: $5000000 (Seed)
  • Una Brands: $30000000 (Series B)
  • FINN: $110000000 (Series B)
  • FINN: $24000000 (Series A)

João Monteiro

London, U.K. - Switzerland - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Ice

Investing In

Mobility

Description

Most Interested In

FinTech, FreightTech, Future of Retail and Life Sciences Focused on European teams

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