Venturewave Capital Launches “Impact Ireland” Fund

Dublin, Ireland—25 June 2020: Venturewave Capital’s launch was confirmed today with the successful first close of its new fund, Impact Ireland. The fund will invest in and build global “technology for good” companies from Ireland.

The fund will take strategic stakes in up to 15 high-growth Irish companies, investing €1 million to €25 million per company. Target sectors include cloud-based education, healthcare, food and agriculture, energy, and the environment.

Operating under the principles of Impact Investing, the fund seeks to generate returns for society and investors. All portfolio companies must demonstrably advance the UN Sustainable Development Goals while pursuing profit-driven growth.

Impact Ireland is a member of the Global Impact Investing Network and is the first Irish signatory of the World Bank’s IFC Operating Principles for Impact Management, the gold standard for measuring social benefit.

Investors include distinguished entrepreneurs, corporate leaders and philanthropists from Ireland and its diaspora. A Global Advisory Council, chaired by former Taoiseach Enda Kenny, will work with Venturewave to promote Ireland as a hub for innovation and impact investing. Council membership is listed at the Global Advisory Council page on Venturewave Capital.

Enda Kenny commented, “I am very pleased to chair Impact Ireland’s Global Advisory Council. It will be a powerful corps of advocates for developing the next generation of successful Irish businesses and accelerating their impact.”

Kieran McLoughlin, Managing Partner, added, “We are delighted to launch Impact Ireland, which focuses on highly scalable companies that benefit society. The Venturewave Capital launch demonstrates Ireland’s strength as a global investment location, and we are already in dialogue with promising pipeline companies.”

This Venturewave Capital launch underscores the firm’s commitment to scaling impact-driven technology ventures from Ireland to the world.