The Irish Venture Capital Scene – league tables of most active Irish VCs – part of my European VC blog series

The Irish Venture Capital Scene – league tables of most active Irish VCs – part of my European VC blog series
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For the purposes of venture, Ireland should be considered part of the UK. (I can hear the cries of many thinking this is offensive or ignorant, but it’s what I believe. Time to get modern and move onward and upward.) One challenge facing Irish entrepreneurs is currency. Irish companies typically keep costs in Euros, the home currency in Ireland, but allow for revenues in Sterling, the currency of their British customers or USD. I was once the financial advisor to an Irish company in the online price comparison space for home bills and utilities. We raised 19m Euros from VCs, but all the revenue was in Sterling. At first, the exchange rate of Sterling to Euros paid all of the expenses; the company was profitable. The Euro then surged against Sterling; the company went from being profitable to very unprofitable. We were forced to negotiate numerous cash lifelines from the existing investors and struggled to close a deal with new investors.

The guy I would go to with an IT startup in Ireland, after taking the Enterprise Ireland government funding, is Dermot Berkery at Delta Partners. Irish entrepreneurs should not limit themselves to the local VCs, but target British, American and other European investors, too. There are new funds sprouting up in Ireland, but the classics that were in the business seem to be fading away. I do like the place and would not be surprised if the best startup in my career came from Ireland. If you are going to spend 3 months somewhere for an accelerator program it may as well be in Dublin. Startupbootcamp, one of the best accelerator programs in Europe and Israel, launched Startupbootcamp Health focused on digital health companies and is in Dublin. (BTW, we are still considering healthcare IT / digital health companies for our Georgetown Angels event during the J.P. Morgan Healthcare conference in San Francisco January 14th. Get in touch if you want to present. Free to pitch and in some cases we will pay your your plane ticket to SF.)

Too bad Bono invests most of his for profit money into restaurants and private equity (Elevation Partners)! As a chap so interested in charity, he could create a $100m mediatech fund to make early stage investments and tap into the unique Irish spirit and get a reverse brain drain going with the best mediatech companies from Europe and the world. It would be nice to see Ireland leave the PIGS (Portugal, Ireland, Greece & Spain) and join the net payer countries funding the European Union. Bono, give me a call☺ More info at www.ivca.ie.

League Table of the Most Active VCs in Ireland

These league tables like the other ones I have posted are a bit out of date. These represent research for VCs that invested in Irish domiciled startups in rounds of at least $3m in 2009 and 2010.

1 Enterprise Ireland Dublin (HQ), Ireland Venture Capital US$ 210 3
2 Kreos Capital London, United Kingdom Leasing US$ 721 3
3 ACT Venture Capital Clonskeagh, Ireland US$ 436 2
4 Balderton Capital Management LLP London, United Kingdom Venture Capital US$ 1,900 2
5 Fountain Healthcare Partners Dublin, Ireland Venture Capital US$ 90 2
6 Novusmodus LLP London, United Kingdom 2
7 Seroba Kernel Life Sciences Dublin, Ireland Venture Capital US$ 114 2
8 Silicon Valley Bank Santa Clara, CA Other US$ 4,000 2
9 AIB Seed Capital Fund Ireland Venture Capital 1
10 Capital-E Antwerp, Belgium Venture Capital US$ 58 1
11 Credit Agricole Private Equity Paris, France US$ 4,456 1
12 Cross Atlantic Capital Partners Radnor, PA Venture Capital US$ 500 1
13 Delta Partners Ltd. Dublin, Ireland Venture Capital US$ 303 1
14 Emertec Gestion Grenoble, France Venture Capital US$ 144 1
15 Endeavour Vision Geneva, Switzerland Venture Capital US$ 54 1
16 Focus Ventures Palo Alto, CA Venture Capital US$ 830 1
17 Institutional Venture Partners Menlo Park, CA Venture Capital US$ 3,000 1
18 Intel Capital Santa Clara, CA Corporate Venture Capital US$ 1,449 1
19 International Finance Corp. Washington, DC US$ 3,000 1
20 Investcorp International Inc. New York, NY Mezz/Buyout US$ 2,420 1
21 Lightspeed Venture Partners Menlo Park, CA Venture Capital US$ 2,100 1
22 Mitsui & Co. Venture Partners Inc. New York, NY Corporate Venture Capital US$ 300 1
23 Montreux Equity Partners Menlo Park, CA Venture Capital US$ 440 1
24 Pritzker Venture Capital (formerly New World Ventures) Evanston, IL Venture Capital US$ 161 1
25 Norwest Venture Partners Palo Alto, CA US$ 3,700 1
26 Nucleus Venture Partners Galway, Ireland 1
27 PolyTechnos Venture-Partners Munich, Germany Venture Capital US$ 240 1
28 TLcom Capital London, United Kingdom Venture Capital US$ 281 1
29 Triangle Peak Partners LP Carmel, CA Venture Capital US$ 170 1
30 TriVentures Herzliya, Israel Venture Capital 1
31 TVM Capital GmbH Munich, Germany Venture Capital US$ 1,563 1
32 Wasatch Cross Creek Capital Salt Lake City, UT Venture Capital US$ 165 1

 

If you want to come to Europe this summer there is no better place to be in June than Stockholm and London. Join us!

Stockholm – The Future of Raising Angel & Venture Capital Funding – June 3

http://stockholmvcbible.eventbrite.com

Stockholm – The Future of Angel & Venture Capital Investing – June 4

http://futurevcstockholm.eventbrite.com

London – The Future of Angel & Venture Capital Investing – June 9

http://futureVC.eventbrite.com

London – The Future of Raising Angel & Venture Capital Funding – June 11

http://londonvcbible.eventbrite.com

Twitter: @RomansVentures

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