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Female-founded tech companies in Ireland raise record €105m

While the 2020 funding figures show an uptick for companies founded by women, this still only accounts for a small slice of the investment picture. Female-founded start-ups and scale-ups in Ireland raised a record €105m in funding in 2020, according to a new report from TechIreland. A total of 50 tech companies raised investment throughout the year, with funding coming from various sources including venture capital, equity financing, angel investors and grants. Only six female-founded companies in Northern Ireland raised money last year. “The uncomfortable fact is that female-founded tech companies are still underrepresented with female founders accounting for just 10pc of the total funding raised last year, while only 18pc of the tech companies that raised funding had a female founder,” O’Dea said.

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