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20/05/2014
Venture Capital Firm Establish €125m Fund For Irish Firms
A €125m investment fund for Irish companies is to be established by international venture capital firm Lightstone Ventures.
The fund will be used to invest in life science start ups and will be supported by an additional €30m from the government.
The venture capital firm was established two years ago and primarily funds emerging medical device and biopharmaceutical companies.
€20m will added to the fund by the Department of Jobs through Enterprise Ireland, and a further €10m will come from the National Pension Reserve Fund.
(MH/CD)
The fund will be used to invest in life science start ups and will be supported by an additional €30m from the government.
The venture capital firm was established two years ago and primarily funds emerging medical device and biopharmaceutical companies.
€20m will added to the fund by the Department of Jobs through Enterprise Ireland, and a further €10m will come from the National Pension Reserve Fund.
(MH/CD)
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