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Delta Partners raises new EUR 70 million fund for early-stage startups

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Dublin-based venture capital firm Delta Partners has announced the launch of a €70m fund targeting early-stage start-ups.

elta plans to invest in 30 Irish startups over the next three to four years. It will also contribute to some Serie A rounds, the company says.

The Bank of Ireland and Enterprise Ireland are the fund’s principal investors to date, along with Fexco and several private family wealth funds.

The company has also announced two new partners who will join Maurice Roche and Dermot Berkery, former Mastercard fintech executive Amy Neale and Digit Games founder Richard Barnwell.

Delta has invested in over 120 companies to date, with €1.8 billion in returns from companies such as Dublin-based Garry Moloney’s e-commerce analytics firm Clavis (sold to Ascential), Cork-based Sensl (sold to OnSemiconductor) and Galway-based companies Stroke therapy company Neuravi (sold to Johnson & Johnson).

“This fund directly addresses the funding gap for young companies in Ireland,” Delta Partners’ Dermot Berkery and Maurice Roche said in a joint statement. “Great Irish entrepreneurs thrive across the technology spectrum and the key thing they lack is capital to help them achieve their ambitions. Our two new partners, Amy and Richard, bring incredible skills to support these entrepreneurs on their journey. We are delighted to have the support of Bank of Ireland, Enterprise Ireland, Fexco and the family offices of some of Ireland’s most successful technology entrepreneurs.”

https://www.independent.ie/business/technology/delta-partners-launches-new-70m-fund-for-early-stage-startups-41533193.html Delta Partners raises new EUR 70 million fund for early-stage startups

Fry Electronics Team

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