Key Takeaways
- • Irish AI firms raised €256m across 75 venture capital deals in 2026, according to The Irish Times headline, though the full article could not be retrieved to confirm the breakdown.
- • Irish venture capital investment rose 61% to $342.2m (about €296m) across 20 deals in Q2 2026, led by Fonoa, CameraMatics and Manna, per KPMG Venture Pulse.
- • Three deals accounted for the bulk of Irish VC funding in the quarter, according to The Irish Times.
- • Fonoa, a Dublin-based AI tax platform, raised €94.4m in a Series C led by Headline.
- • Global VC investment reached $227.4bn in Q2 2026, with Europe at $25.6bn across 1,636 deals, per KPMG.
Summary
The Irish Times reported that Irish AI firms raised €256m across 75 venture capital deals in 2026. The full article was not available, so the headline figures could not be checked against the complete reporting or broken down further.
Related reporting indicates strong momentum in Irish venture funding during the second quarter. According to KPMG Venture Pulse, Irish VC investment rose 61% in Q2 2026 to $342.2m, or roughly €296m, across 20 deals, compared with $212.3m across 19 deals in the prior quarter. The Irish Times reported that three deals accounted for the bulk of the quarter's total. KPMG named Fonoa, CameraMatics and Manna as the leading recipients.
Fonoa, a Dublin-based AI tax platform, raised €94.4m in a Series C led by Headline, according to a newsletter covering Irish startups. Other reported 2026 rounds include TensorX (€8m seed) and CroíValve (a $27m Series B), per a tracker of recently funded Irish companies.
The Irish figures sit within a strong global market. KPMG reported $227.4bn of global VC investment across 8,440 deals in Q2 2026, the second-best quarter on record, with AI-focused late-stage deals driving much of the activity. Europe attracted $25.6bn across 1,636 deals in the same period. Earlier KPMG data put Irish VC investment at $1.45bn in 2025, up 25% from $1.15bn in 2024, with AI, fintech and medtech leading sector activity.
Related reporting indicates strong momentum in Irish venture funding during the second quarter. According to KPMG Venture Pulse, Irish VC investment rose 61% in Q2 2026 to $342.2m, or roughly €296m, across 20 deals, compared with $212.3m across 19 deals in the prior quarter. The Irish Times reported that three deals accounted for the bulk of the quarter's total. KPMG named Fonoa, CameraMatics and Manna as the leading recipients.
Fonoa, a Dublin-based AI tax platform, raised €94.4m in a Series C led by Headline, according to a newsletter covering Irish startups. Other reported 2026 rounds include TensorX (€8m seed) and CroíValve (a $27m Series B), per a tracker of recently funded Irish companies.
The Irish figures sit within a strong global market. KPMG reported $227.4bn of global VC investment across 8,440 deals in Q2 2026, the second-best quarter on record, with AI-focused late-stage deals driving much of the activity. Europe attracted $25.6bn across 1,636 deals in the same period. Earlier KPMG data put Irish VC investment at $1.45bn in 2025, up 25% from $1.15bn in 2024, with AI, fintech and medtech leading sector activity.
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