Capital raising services in Ireland
Ireland's VC ecosystem has grown significantly in the last decade, with Enterprise Ireland co-investing alongside an expanding base of international funds that recognise the country's talent pool and transatlantic positioning.
Companies such as Intercom, Wayflyer and Manna Drone Delivery have each raised multi-million growth rounds from global investors, validating Ireland as a credible location for internationally ambitious startups beyond fintech.
We advise mid- to late-stage Irish startups on raising growth capital on the best terms available. Our capital raising work combines thorough pitch deck preparation, rigorous financial model builds and an extensive VC investor network spanning Enterprise Ireland co-investors, UK funds and US-based growth equity. We manage the process end-to-end so founders aren't distracted at a critical stage of their business.
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VC rounds raised in the last 12 months in Ireland
$35M
Median VC valuation (across all stages) in Ireland
7.7x
Median VC revenue multiple (across all stages) in Ireland
$80M
Largest VC round raised in Ireland in the last 12 months
Raising venture capital in Ireland
Ireland's VC market is small but well-organised - Enterprise Ireland anchors most seed rounds, a handful of dedicated Irish funds operate alongside UK and continental VCs, and round documentation is broadly aligned with UK and BVCA conventions.
Documentation conventions
Irish VC rounds typically use UK-style documentation aligned with BVCA model documents, adapted for Irish company law (Companies Act 2014). The Irish Venture Capital Association coordinates industry standards but does not publish a single universal template.
Pre-priced rounds
Convertible loan notes are the standard pre-priced instrument in Ireland - conversion at the next priced round at a discount or capped valuation. SAFEs and ASAs are used less commonly, mostly when the lead investor is US- or UK-based and brings their preferred template.
Enterprise Ireland co-investment
Enterprise Ireland co-invests alongside private VCs at the HPSU stage. EI's preference shares, valuation expectations and information rights are well-defined and routinely accommodated in the round documents. Most Irish seed rounds either feature EI directly or are structured to remain EI-compatible.
Round structure norms
Priced rounds use 1x non-participating liquidation preference with broad-based weighted average anti-dilution. Founder vesting (4-year, 1-year cliff) is standard. Where Enterprise Ireland is in the round, additional EI-specific information and reporting rights apply.
Investment Screening Act
The Screening of Third Country Transactions Act 2023 (in force from 2024) introduced a mandatory notification regime for non-EU investors taking material stakes in Irish companies in sensitive sectors - defence, dual-use, critical infrastructure, AI, biotech. Adds notification time and conditions to scoped transactions.
Closing mechanics
Closings are typically same-day signing and funding with documents executed via DocuSign. Companies House Ireland (CRO) filings for share issues and resolution amendments are submitted shortly after close. Stamp duty (1%) applies to share transfers but not to newly issued shares.
Largest private tech companies in Ireland
BrowserStack valued at $4.0B is the largest still privately-owned company in Ireland.
See all large tech companies in Ireland| Logo | HQ | Description | ||||
|---|---|---|---|---|---|---|
BrowserStack | | BrowserStack is a cloud-based platform for cross-browser and mobile testing on real devices and browsers. Mumbai-headquartered BrowserStack operates data centers in fifteen locations worldwide, supporting Selenium, Appium, and Cypress frameworks. The service integrates with CI/CD pipelines from Jenkins, GitHub Actions, and CircleCI. It caters to development teams at Microsoft, Twitter, and Barclays by providing instant access to over three thousand browser-device combinations. Founded in 2011, BrowserStack accelerates release cycles through visual regression testing and live debugging features. | Jun-21 | $200M Series B | $4.0B | |
Echelon Data Centres | | Echelon Data Centres is an Ireland-headquartered developer and operator of hyperscale data centers across Europe. The company manages campuses in Dublin and London, with facilities offering up to 50MW capacity per site and sustainability features like renewable energy sourcing. Echelon Data Centres serves cloud providers and enterprises with colocation, connectivity, and wholesale services. Launched in 2015, it emphasizes carrier-neutral designs and expansion into Central Europe. | Feb-24 | $850M | $2.9B | |
Wayflyer | | Wayflyer is a Dublin-headquartered fintech platform offering revenue-based financing to e-commerce businesses worldwide. It delivers funding within 24 hours based on sales data, serving brands on Shopify, Amazon, and other marketplaces without requiring collateral or personal guarantees. With operations in the United States, United Kingdom, and Australia, Wayflyer has provided over $2 billion in capital to more than 20,000 merchants since 2019. Partnerships with platforms like Klaviyo and Afterpay enhance its analytics-driven lending model. | Feb-22 | $150M Series B | $1.6B | |
Flipdish | | Flipdish is a Dublin-headquartered platform delivering online ordering, point-of-sale systems, and marketing tools tailored for independent restaurants across Ireland, the UK, and Europe. Launched in 2015, the company equips eateries with direct customer engagement features, kitchen management software, and delivery integrations to boost revenue and operational efficiency. Flipdish supports thousands of venues with its end-to-end ecosystem amid digital transformation in the food sector. | Jan-22 | $100M Series C | $1.3B | |
Workhuman | | Workhuman is a provider of employee recognition and rewards software headquartered in Framingham, Massachusetts, with operations in Dublin, Ireland. Formerly known as Globoforce, the company delivers SaaS platforms that enhance engagement and culture adoption for global enterprises. Workhuman powers programs for clients including Microsoft, Cisco, and Unilever, integrating with HR systems like Workday and ServiceNow. The platform supports peer-to-peer recognition, milestone awards, and analytics across multiple languages and regions. | - | - | $1.2B | |
Tines | | Tines is a Dublin-headquartered no-code platform for security workflow automation. Security operations centers build integrations with over 400 apps to automate threat detection, incident response, and enrichment tasks through a visual builder. The company provides a free Community Edition for individual users alongside paid tiers for teams. Founded in 2018, Tines equips organizations like the UK National Health Service, Salesforce, and major banks to handle high-volume security events across cloud and on-premises environments. | Feb-25 | $125M Series C | $1.1B | |
TransferMate | | TransferMate is an Ireland-headquartered B2B payments platform processing cross-border transactions in 140 currencies across 170 countries. It holds 40 payment licenses globally, enabling virtual accounts for collecting euro, sterling, and dollar payments. Clients such as Accenture and PayPal use its API for automated supplier payouts, achieving settlement times of one day compared to banks' three to five. | May-22 | $70M Series C | $1.0B |
Startups who recently raised money in Ireland
Largest VC round raised recently in Ireland was a $74M Series C of Neurent Medical in February 2026.
See all VC rounds in Ireland| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Feb-26 | Neurent Medical | | Neurent Medical is a Galway-based medical device company creating radiofrequency treatments for chronic rhinosinusitis with nasal polyps. Its NEUROMARK system received FDA clearance for tissue reduction in adult patients, offering a minimally invasive alternative to surgery. Founded in 2015 in Oranmore, Ireland, the firm targets inflammatory sino-nasal conditions through precise ablation technologies. | Atlantic BridgeEnterprise Ireland+4 | $74M | - | Series C | |
Dec-25 | Knogin | | Knogin is a cybersecurity platform for public safety featuring Hunter for incident reconstruction and Argus for monitoring millions of cameras. The system provides first responders with precise emergency location tracking and situational awareness to enhance response times and community protection. | - | $50M | - | Series A | |
Apr-26 | Solidroad | | Solidroad is an AI platform for enterprise hiring, onboarding, and sales training. It uses machine learning to match candidates, automate interviews, and personalize employee development. Solidroad targets sales teams with role-playing simulations and performance analytics. Headquartered in Tel Aviv, it integrates with ATS systems like Workday. | First Round CapitalFJ Labs+3 | $25M | - | Series A | |
Mar-26 | Evervault | | Evervault is a developer of encryption-as-a-service tools for web applications, enabling secure data processing without decryption. Its Cards platform tokenizes payments compliant with PCI DSS, while Data Vault handles PII protection. Dublin-headquartered and founded in 2021, Evervault integrates with Stripe and Vercel for startups in fintech and healthcare. | Index VenturesKleiner Perkins+4 | $25M | - | Series B | |
Jan-26 | Luminate Medical | | Luminate Medical is a medtech company developing scalp cooling devices to prevent chemotherapy-induced alopecia. UK-based and founded in 2018, its portable system maintains hair follicles at 18°C during infusions, effective for breast and ovarian cancer patients. Clinically validated in trials showing 50 percent hair retention rates, Luminate partners with oncology centers in Europe and Australia. The device integrates with infusion pumps for clinic and home use. | 8VCArtis Ventures+9 | $21M | - | Series A | |
Jan-26 | XFuel | | XFuel is a Dublin-headquartered producer of sustainable drop-in fuels for road, marine, and aviation sectors. Founded in 2010, it converts biomass waste into low-carbon fuels at facilities in Ireland and Palma de Mallorca, Spain, achieving up to 85% fewer GHGs than fossil fuels with pathways to carbon neutrality. | AENUAudacy Ventures+9 | $20M | - | Series A | |
Dec-25 | Fresco | | Fresco is a cross-brand kitchen operating system connecting appliances, recipes, and users via KitchenOS software. It integrates with Bosch ovens, LG refrigerators, GE cooktops, Electrolux washers, and Thermomix devices for guided cooking. Dublin-headquartered with an office in Zaragoza since 2012, Fresco enables recipe scaling, inventory tracking, and voice commands across mixed-brand setups worldwide. | Act Venture CapitalAE Ventures+6 | $18M | - | Series C | |
Nov-25 | Luminate Medical | | Luminate Medical is a medtech company developing scalp cooling devices to prevent chemotherapy-induced alopecia. UK-based and founded in 2018, its portable system maintains hair follicles at 18°C during infusions, effective for breast and ovarian cancer patients. Clinically validated in trials showing 50 percent hair retention rates, Luminate partners with oncology centers in Europe and Australia. The device integrates with infusion pumps for clinic and home use. | - | $17M | $37M | Undisclosed stage | |
Mar-26 | GridBeyond | | GridBeyond is a Dublin-headquartered AI platform optimizing distributed energy resources for utilities and enterprises. It aggregates battery storage, EV chargers, and demand response in virtual power plants, participating in markets like Ireland's DS3 and California's CAISO. | ABBAct Venture Capital+9 | $14M | - | Undisclosed stage | |
Apr-26 | Seapoint | | Seapoint provides fintech business accounts automating payroll disbursements, expense tracking, invoice processing, and compliance reporting for SMEs. The UK-based platform integrates with accounting software like Xero and QuickBooks, enabling multi-user access, real-time dashboards, and international payments via seapoint.co. | 13books CapitalClaire Hughes Johnson+9 | $8.7M | - | Seed | |
Dec-25 | Mirai Medical | | Mirai Medical is a U.K.-based medical device company developing innovative health technologies for clinical applications. | - | $8.4M | - | Undisclosed stage | |
Mar-26 | Enclave | | Enclave is a cybersecurity firm offering an AI-native code-security agent for DevSecOps teams. The platform analyzes codebases with taint analysis and trust-boundary mapping to prioritize critical vulnerabilities. | 8VCAaron Levie+5 | $6.0M | $33M | Seed | |
Mar-26 | Grand | | Grand is an AI tool that forecasts and monitors risk, growth, and stability for trade partners. | firedropNAP+1 | $5.0M | - | Pre-seed | |
Feb-26 | Linda AI | | Linda AI is a healthcare technology company offering an AI-powered virtual receptionist that manages patient calls, schedules appointments, and handles inquiries to streamline front-desk operations for clinics and medical practices. | 6 Degrees Capital | $3.1M | - | Pre-seed | |
Apr-26 | Vertigenius | | Vertigenius is a U.S.-based digital health company offering vestibular rehabilitation tools for clinicians treating dizziness and balance disorders. The platform includes a web portal for prescribing customized exercise programs and a wearable head sensor that tracks head movements during therapy sessions. Deployed in clinics across North America, Vertigenius integrates with electronic health records and supports remote patient monitoring for conditions like benign paroxysmal positional vertigo. | AscentifiAtlantic Bridge+4 | $3.0M | - | Undisclosed stage |
Top VCs and strategic investors in Ireland
Enterprise Ireland, Elkstone Capital Partners, Act Venture Capital and Atlantic Bridge funded the most startups in Ireland in the last 12 months.
See all VCs in Ireland| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Enterprise Ireland | | Enterprise Ireland is an Irish government agency responsible for the development and growth of Irish enterprises in global markets. Supports Irish-owned manufacturing and internationally traded services companies through grants, equity investment, mentoring, and trade promotion services. Client companies achieved record exports exceeding €34 billion in 2023. Provides R&D funding, market development support, and strategic business assistance to help companies scale internationally and compete in export markets. | Audrey AIApex B2BVertigenius+2 | 72 | Seed | |
Elkstone Capital Partners | | Elkstone Capital Partners is a Dublin-based venture capital firm focusing on Irish technology startups. The company invests in fintech, cybersecurity, and SaaS sectors, backing firms like Intercom and Workday alumni-founded ventures with funds totaling €150 million. Elkstone connects portfolio companies to U.S. markets through offices in New York and Boston, supporting diaspora networks for Series A rounds up to €10 million. | OverpathLuminate MedicalLative+2 | 22 | Seed | |
Act Venture Capital | | Act Venture Capital is a Dublin-headquartered firm investing in technology companies from seed to growth stages across application software, IT infrastructure, communications, internet, and mobile sectors. Managing around €600 million across multiple funds supported by the European Investment Fund, it leverages a network of over 200 founders and US-European investors. The small team assists portfolio companies in global scaling. | GridBeyondFrescoLative+2 | 14 | Series A | |
Atlantic Bridge | | Atlantic Bridge is a growth equity firm investing in deep technology companies spanning Europe and the United States with a focus on cross-border expansion. The firm maintains offices in London, Dublin, Munich, Paris, and Palo Alto, California, enabling portfolio companies to scale internationally through its global platform. Composed of entrepreneurs and technology executives with over 30 years of collaboration, Atlantic Bridge targets ambitious teams in sectors like semiconductors, cloud infrastructure, and cybersecurity, having backed companies such as Graphcore and Pensando Systems. | VertigeniusNeurent MedicalLuminate Medical+2 | 12 | Seed | |
Delta Partners | | - | Audrey AIVisionRZeroMission+2 | 9 | Seed | |
Y Combinator | | Y Combinator is a San Francisco-headquartered startup accelerator that funds and mentors early-stage technology companies across sectors like software, biotechnology, and fintech. Since its inception in 2005, it has propelled alumni including Airbnb, Dropbox, and Stripe through intensive three-month programs featuring Demo Days and investor networks. | SolidroadLuminate MedicalForge Robotics+2 | 5 | Pre-seed | |
Sure Valley Ventures | | - | Audrey AIOverpathMirror Security+2 | 5 | Seed | |
Frontline Ventures | | Frontline Ventures is a venture capital firm backing B2B companies for Europe-U.S. expansion with Seed and X funds. Dublin-, London-, and San Francisco-based, it draws from operator experience at Segment, Stripe, Looker, LinkedIn, Airtable, Google, and Workday. | SeapointKotaSweepr+1 | 5 | Seed | |
NDRC | | NDRC is an Irish accelerator building high-impact tech ventures from research ideas. Based in Dublin, it provides space, investment, and expertise to researcher-entrepreneur teams during early commercialization. NDRC alumni companies operate in software, fintech, and healthtech across Europe and North America. | DevAllyJarvioNory+1 | 4 | Pre-seed | |
Gaingels | | Gaingels is a venture syndicate investing in LGBT+ founded companies at all growth stages with a portfolio exceeding 130 firms. San Francisco-headquartered, the group has deployed $70 million in capital and supports diversity hiring for C-suite roles. Gaingels syndicates deals through its 2,000-member network across technology, fintech, and consumer sectors. | Luminate MedicalGlitch AdsHellbender+2 | 3 | Series A |
What if not VC? Non-equity funding in Ireland
Ireland's non-dilutive stack is one of the strongest per-capita in Europe - Enterprise Ireland, the 30% R&D credit, the Knowledge Development Box and competitive grant calls give Irish startups substantial runway extension options without taking equity dilution.
Enterprise Ireland equity and grants
Enterprise Ireland supports indigenous Irish companies through HPSU equity investment, matched grants, Innovation Vouchers and competitive sector-specific calls. Often the single largest source of state-backed capital for Irish tech startups.
Irish R&D tax credit
30% refund on qualifying R&D expenditure (rate increased from 25% to 30% in 2024), paid in cash over three instalments to SMEs. Combined with the 12.5% headline corporation tax rate, makes Ireland one of the most R&D-friendly tax regimes in Europe.
Knowledge Development Box
6.25% effective tax rate on qualifying IP-derived income from patents and copyrighted software developed in Ireland. Long-term cash benefit for companies with substantial Irish R&D activity and revenue-generating IP. Application is administrative-heavy but materially valuable at scale.
Halo Business Angel Network
HBAN is Ireland's main angel investor network, syndicating tickets typically €25k–€500k+ across Irish early-stage companies. Used as the primary pre-VC capital source for most structured Irish angel rounds.
Future Growth Loan Scheme
Government-backed lending operated by the Strategic Banking Corporation of Ireland (SBCI) via participating commercial banks. Provides longer-tenor unsecured loans at favourable rates. Used to fund growth, capex and working capital without dilution.
EU funding access
Irish companies have full access to EU funding programmes - Horizon Europe (including EIC Accelerator grants up to €2.5M), EIC Pathfinder, Eurostars and others. Slow to draw down (6-12 months from application) but materially valuable for deeptech, climate and life-science companies.
Why Flow Partners as your capital raising advisor?
Kraft KPI-driven narrative
High-growth companies require thorough understanding to accurately capture their value potential. We build compelling, data-driven equity stories that resonate with investors and minimize due diligence intensity.
Move fast and cut the BS
We have a strong appreciation for the power of speed and efficiency when fundraising. Expect a rigorously efficient deal process with minimized management distraction. Founders run the business, we pick up the heavy lifting.
Access relevant investors
Our close relationships with leading late-stage VC and growth equity investors as well as non-traditional capital providers, like family offices and sovereign wealth funds, enable us to find best-fit partners for a given scenario.
Valuation is only one part of the equation
When it comes to growth capital, valuation is only one side of the medal. We help to bridge incentive gaps between founders and investors and make sure you raise money on best possible terms.
We provide capital raising services across Ireland and beyond
Sector expertise
Explore our VC fundraising offering across a variety of tech sectors in Ireland.
Software
Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity
AI & ML
Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting
Fintech
Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software
Consumer internet
Consumer software subscription platforms, edutech, online content, social networks, online dating
Digital media
Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR
E-commerce & marketplaces
Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms
Consumer products
Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products
Mobility
Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure
Digital health
Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS
Industrial technology
Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing
Digital infrastructure
Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS
IT services
Software development and testing, digital transformation, cloud services, advertising agencies, IT support services
Selected case studies
We've advised companies from series A to series D and beyond.
Our capital raising experience spans across various tech sectors and geographies.
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
Recently completed VC fundraising projects
Selected capital-raising mandates and prior investment experience.
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Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.
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We're with you before and after raising VC money: we help you organise your FP&A as fractional CFOs, and coordinate your M&A process.
Fractional CFO in Ireland
We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.
Learn moreM&A in Ireland
We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.
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