Ireland's climate tech scene 'challenging' despite VC funding record

Sarah-Jane Larkin, director general of the Irish Venture Capital Association says climate tech is needed to protect Ireland's coastline. Image: IVCA/Impact Loop
18 feb. 2025
15:34
Sarah-Jane Larkin, director general of the Irish Venture Capital Association says climate tech is needed to protect Ireland's coastline. Image: IVCA/Impact Loop
VC funding for Irish small businesses has just hit an all time high. But climate tech opportunities are "not being fully realised", Sarah-Jane Larkin, director general of the Irish Venture Capital Association tells Impact Loop.

Irish startups scored a nine percent increase in funding in 2024, compared to the previous year, leaping to a record €1.48bn, according to a report released by the Irish Venture Capital Association (IVCA) this week. The association also reported a record fourth quarter in 2024 of €535m, 162% up on the same period the previous year.

But in an interview with Impact Loop, Sarah-Jane Larkin, the association's director general, says that despite the "positive" figures, there are several challenges facing the country's VC sector.

Become a member to continue reading