Press Release: Investment Plan: €20 million for 30 Irish tech SMEs

The European Investment Fund (EIF), with the support of InnovFin Equity and COSME, is investing €20 million in ACT Venture Capital’s latest fund, ACT V, in Ireland. The agreement will allow ACT to finance around 30 high potential early and expansion stage companies in the information and communication technology sector in the coming decade. By mobilising other investors, including funds from the private sector and EIF, this equity investment by EIF should lead to overall investments of more than €90 million for primarily Irish SMEs looking to expand internationally.

View the full press release

Source: European Commission

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