Investor profile
Enterprise Ireland
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Enterprise Ireland is the Irish government's enterprise development agency and Europe's most active domestic venture capital investor by deal count (PitchBook, 2022). Its mission is to accelerate the development of world-class Irish companies to achieve strong positions in global markets, resulting in increased national and regional prosperity. The agency invests directly in High Potential Start-Ups (HPSUs) — early-stage, export-oriented companies introducing innovative products or services to international markets — from pre-seed through to scale-up, while also committing capital to Irish venture funds via its Seed and Venture Capital (SVC) Schemes. Since 1994, Enterprise Ireland has committed almost €700m to the SVC Schemes, leveraging an additional ~€1.5bn into the Irish VC ecosystem, with the latest €250m SVC Scheme 2025–2029 targeting seed to Series A+ stage companies across sectors of strategic national importance including technology, life sciences, cleantech, and internationally traded services.
Notable quotes
“Enterprise Ireland has been an investment partner with Atlantic Bridge since 2004 and during that time they have continued to achieve significant returns for companies and investors. We are pleased to be on board again as partners of Atlantic Bridge III.”
“Capital remained tight, and the outlook remains difficult with fewer venture capital teams succeeding in raising funds whilst, those that did, saw their fund sizes increase, essentially a mirroring of the company level venture funding activity.”
“In an increasingly competitive and ever-changing global economic environment, these record exports results of €38.86bn from our client base demonstrates strong and steady growth, and reflects our client companies' resilience and agility.”
Team
Kevin Sherry
Executive Director – Investment Solutions, Entrepreneurship, Global Markets, Research & Innovation
Paul McKeown
Executive Director – Investment Solutions; Finance (CFO)
Leo McAdams
Divisional Manager – Investment Solutions (Seed & Venture Capital Schemes)
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Manna Air Delivery | Series B | $30m | 2026-04 |
| ProVerum Medical | Series B | $80m | 2025-08 |
| Nory | Series B | $37m | 2025-09 |
| DevAlly | Pre-Seed | $2m | 2025-10 |
| XOCEAN | Venture – Series Unknown | $119m | — |
| Kayna | Seed | $2m | 2026-03 |
| Scopey | Pre-Seed | $604k | 2026-03 |
| Klearcom | Seed | $2m | 2023-03 |
| Danu Sports | Series A | $4m | 2023-03 |
| Biologit | Seed | $2m | 2023-03 |
Frequent co-investors
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