Enterprise Ireland hopes fund will raise €700m this yearRory

Enterprise Ireland hopes its large venture capital fund will have raised the €700 million it is seeking to invest in new and developing companies by the end of this year or early in 2015.

An update on the funds came as the State agency reported that companies it supports created 18,033 new jobs in 2013, resulting in the highest net jobs gain for Irish companies in the last decade – a total of 5,442. It attributed this primarily to the strong export performance of its client companies.

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