Irish private investment house Elkstone, has secured the support of the Ireland Strategic Investment Fund (ISIF) as anchor investor for the final close of its €100 million Early-Stage Irish Venture Fund.
With Enterprise Ireland also on board, the fund has already deployed over €10 million to date and aims to complete its initial investments by 2026.
Having backed Irish unicorns like Flipdish and LetsGetChecked at seed stage, Elkstone and its private clients are focussed on enabling the next generation of Irish entrepreneurs.
Elkstone’s €100m fund is Ireland’s largest early-stage venture fund. To date, Elkstone’s Venture arm has invested in more than 50 startups, supporting the creation of over 1,000 jobs, with these companies collectively going on to raise over €600 million in follow-on funding.
Elkstone’s investment strategy focuses on being additive to the vibrant Irish ecosystem – by helping – through its unique value add services and global network – indigenous startups to scale internationally while remaining headquartered in Ireland, thereby creating high-quality local employment, and recycling capital to seed the next generation of entrepreneurs.
The Elkstone Ireland Venture Fund will support Irish founders developing internationally scalable, and potentially category defining companies. Investments to date include Bluedrop Medical, MEG, Inclusio, Allsorter, Danalto and Output Sports, with others closing imminently in AI and cyber security.
