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VC-backed firms surge ahead

Date: 25 Nov 2008

“A new study has found that firms backed by venture capital investors are creating new jobs faster than other companies in the wider economy” writes Dick O’Brien of the Sunday Business Post.

In the article published on Sunday November 23^rd, Mr O’Brien refers to a report conducted by the Centre of Entrepreneurial Studies in UCD and commissioned by the Irish Venture Capital Association. 

He goes on to say that “despite the slowdown in job creation, VC-backed companies increased revenues in 2007 by 17.5 per cent and in 2006 by 21 per cent.  There has also been a notable uptick in the amount of funding activity in the sector, reaching its highest level since 2002, with firms raising €226 million in 2007 compared to €193 million in 2006.

Click here to read the full article.