Dublin, Ireland — 10 October 2025: Venturewave Capital announces that Bank of America has doubled its investment in the €100 million Impact Ireland Fund, an impact-driven investment vehicle managed by Venturewave Capital and backed by U2’s band members, including Edge and Adan Clayton. 

The announcement coincides with the Impact Ireland Convention, a landmark gathering of leaders in sustainable business, entrepreneurship, and innovation. Speakers and guests include Taoiseach Micheál Martin, Stripe founders Patrick and John Collison, State Street CEO Ron O’Hanley, U2’s Adam Clayton and The Edge, and Venturewave’s Alan Foy and Kieran McLoughlin.

The Impact Ireland Fund invests commercially in Irish businesses aligned with the United Nations’ 17 Sustainable Development Goals (SDGs). Portfolio companies such as Peptalk, Medihive, iSchool, and DropChef deliver measurable impact across the energy, education, agriculture, sustainable finance, and health sectors. Other Venturewave-backed ventures include two innovative AI firms, AivRev and Viact, reflecting the fund’s commitment to technology-driven impact.

Bank of America’s expanded commitment underscores its global leadership in sustainable finance. The bank is halfway toward its goal of deploying $1.5 trillion in sustainable capital by 2030, with more than $750 billion already invested since 2021. It also plans to create up to 1,000 jobs in Northern Ireland, reinforcing its presence alongside its Dublin base.

Leadership Update: Pending regulatory approval, Antony Jancic will succeed Fernando Vicario as CEO of Bank of America Europe DAC and Ireland Country Executive, as Vicario transitions to a London-based leadership role.

“Bank of America’s participation in Impact Ireland represents a huge encouragement to entrepreneurs seeking to start and grow businesses with purpose that deliver measurable impact across Ireland,” said Kieran McLoughlin, Co-founder and Managing Partner of Venturewave Capital.

Venturewave’s Global Advisory Council, chaired by former Taoiseach Enda Kenny, brings together leading Irish and Irish-American figures, including Liam Neeson, Dómhnall Slattery, Edward Guinness, and Anne Finucane, former Vice Chair of Bank of America.

This expanded partnership reflects a shared vision between Venturewave Capital and Bank of America to mobilise global capital for local impact and to drive a sustainable, inclusive, and innovative future for Ireland.