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The value of venture capital (VC) investments in Ireland has fallen 80pc in the first three months of the year and the number of deals is also down sharply.
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Total number of Irish VC deals declined to 17 from 24 year-on-year
Investment in Irish fintech companies fell last year by 94pc to $61m (€56m), with the vast bulk of the money vacuumed up by just one firm.
KPMG claims Ireland's fintech sector attracted nearly $61m in investment last year, compared to more than $1bn in investment the year before.
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Higher interest rates and global uncertainty saw investors hold on to their money in 2023