Welcome to our 2017 funding review.

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2 Welcome to our 2017 funding review. TechIreland has mined our 2017 funding data to develop this view on how and when product innovation companies in Ireland get funded. This deck also compares TechIreland funding data to the Irish Venture Capital Association (IVCA) data Q1-Q and we look forward to working more closely with the IVCA in the future. This Funding Review is the first of three reports on innovation in Ireland in The Sector Review and Regions Review will also be published this month and we hope you enjoy them. We welcome feedback and are happy to make introductions to Irish companies for you. The underlying data for all reports is also available for a fee. Many thanks, Niamh Niamh@TechIreland.org 2

3 But first... techireland is a NOT FOR PROFIT LIVE DATABASE & CONTENT FREE + FEE BASED SERVICE 3

4 we re tracking 1641 COMPANIES 313 MULTINATIONALS 207 GLOBAL INVESTORS IN IRELAND 13 INNOVATION SECTORS AI, AR/VR, BLOCKCHAIN, IOT & SAAS DOMAINS 4

5 Total funding tracked in

6 largest Funding Rounds Per Quarter q1 company FUNDING company FUNDING Arralis 50m Iterum Therapeutics 59.5m Atlantic Therapeutics 15m Anord Control 40m Blueface 10m Plynk 25m q3 company FUNDING company FUNDING Cubic Telecom 40m TransferMate 30m Swrve 20.9m nuritas 16m Jobbio 9.7m GC Aesthetics 4.2m q2 q4 6

7 bff* funding tracked in 2017 BFF* = Brilliant Female Founders 7

8 q1 Largest BFF Funding Rounds Per Quarter q2 company FUNDING company FUNDING Global Shares 4.5m madme 1.3m Axonista 1.7m Popertee 500k SoapBox Labs 1.2m Nova Leah 422k q3 company FUNDING Tandem HR Solutions 2m WarDucks 1.3m Homestay 750k company FUNDING TransferMate 30m nuritas 16m GC Aesthetics 4.2m q4 8

9 Top Sectors Funded in

10 top 3 sectors funded by quarter 10

11 funding for emerging technologies Domain No. of companies No. Funded in 2017 Total funding in 2017 ARTIFICIAL INTELLIGENCE m AR/VR m BLOCKCHAIN k INTERNET OF THINGS m SAAS m * Does not include rounds with undisclosed amounts. 11

12 q4 funding companies 9 WITH 2M+ FUNDING TransferMate 30 M Total funding Nuritas 16 M GC Aesthetics 4.2 M H2Ozone 3 M AutoEntry 3 M VideoDoc 2.5 m AYLIEN 2.2 m Scurri 2.2 m Linked Finance 2 m * Companies in pink have female founders 12

13 How Old are 2017 funded companies? Founded in Number of Companies Total Funding in m m m m m * Does not include rounds with undisclosed amounts. A total of 183 companies received funding in of them were founded in the last 5 years 13

14 Techireland vs ivca funding, q1 to q OVERALL FIGURES IVCA TechIreland Total funding Total Rounds Total Companies 817 M Total funding Total Rounds Total Companies 506M Total Funding Matching between IVCA and TechIreland in 2017 = 468 m 14

15 q1 to q IVCA NOT ON TECHIRELAND 350 m including: Multinationals 13 Northern Irish Companies 19 Services 9 Undisclosed funding & co s 3 TECHIRELAND NOT TRACKED BY IVCA 48.5 M including: Venture rounds 24 Government support/grants 39 Pitch Competitions 5 THE ABOVE NUMBERS DENOTE ROUNDS. GOVT. SUPPORT/GRANTS INCLUDE CSF, H2020, LEO SUPPORT AND OTHERS. 15

16 Quarter by quarter comparison quarter By IVCA By TechIreland Q M 170M Q2 252m 217.4m Q m 118.8m Total 817m 506m 16

17 INVESTORS in irish innovation include NEW IN Investments CyLon (Cyber London) venbio Sands Capital Breed Reply Prive-Swiss (Swiss Privee) Canaan Partners True Ventures Earlybird venture capital Most active investors Atlantic bridge Act Aib seed capital Delta partners elkstone Growing capital frontline Suir valley 17

18 thanks to our foundation sponsors 18

19 AND ALL OUR SPONSORS 19

20 Niamh: Sree: 20