This month, $150m was raised by Peter Foley’s LetsGetChecked, giving the five year old startup a valuation of over $1bn. Last month, €100m was raised by two Irish startups — Wayfarer (€62m) and Qualio (€41m). The month before that it was a handful of others, such as Payslip.
It means that well over €1bn will be raised year, significantly up on last year.
What’s going on with these eye-watering sums? Is there any suspicion that we may be in a frothy boom at the moment? Is tech just benefitting from a lack of other places to put your money? Or has there been a transformation in the underlying value of Irish tech companies?
Adrian is joined by seasoned venture capitalist (CEO of Scale Ireland) Brian Caulfield and the Irish Independent’s deputy business editor, Jon Ihle.
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