Ireland’s digital entrepreneurship thrives with venture capital growth, and increasing AI adoption, despite persistent challenges in mid-range funding.
- Between 2020 and 2024, Ireland’s indigenous tech startups increased by approximately 10%, now employing over 52,000 individuals — a 10.6% rise — against the backdrop of €1.3 billion venture capital investment across 279 deals, reflecting a 45% increase compared to 2020. || Source: Think Business
- However, challenges persist, particularly for startups seeking mid-range funding between €3 million and €10 million: in 2024, nearly 80% of Irish startups reported difficulties in attracting investment, unchanged from the previous year. || Sources: The Times, Think Business
- Despite these challenges, 82% of Irish tech startups are deploying or preparing to deploy AI, with 83% believing it will positively impact their business.
+ Sustainability remains a key challenge, as 67% of Irish founders lack a sustainability plan, a figure virtually unchanged from last year’s 66.9%.
