
VentureWave holds first close of Impact Ireland fund
VentureWave Capital has held a first close for its Impact Ireland fund on тЌ20-30m.
The first close represents approximately 20-30% of the €100m fund, according to a spokesperson for the firm. The vehicle began raising in September 2019 and the first close was held in May 2020.
VentureWave both supports buyouts and provides venture investments.
The fund is a member of the Global Impact Investing Network and is the first Irish signatory of the World Bank's International Finance Corporation's Operating Principles for Impact Measurement, one standard by which the social benefit of impact investments can be gauged.
Investors
Negotiations are now underway with institutions, high-net-worth individuals and family offices for further investment in the next close, according to the spokesperson.
Investments
The fund will take strategic stakes in up to 15 growing Ireland-based companies. Investments of €1-25m per company will be made. The fund will target cloud-based technology companies that focus on education, healthcare, food and agriculture, energy and the environment.
The focus is on profit-driven companies that also advance the UN's Sustainable Development Goals.
People
VentureWave Capital – Alan Foy (chairman); Kieran McLoughlin (managing partner).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds