Atlantic bridge co-founder appointed IVCA chairperson
Gerry Maguire, general partner Atlantic Bridge, has been named as the new chairperson of the Irish Venture Capital Association (IVCA). He replaces Denise Sidhu of Kernel Capital who has completed her term of office.
The IVCA is the representative organisation for venture capital and private equity firms on the island of Ireland. Last year venture capital investment into Irish tech start-ups and SMEs totalled over €1.3 billion.
Maguire was one of the co-founders of Atlantic Bridge, a deep tech investor in sectors such as AI, semiconductors, quantum computing and cyber security. Thefirm, which marks its 20th anniversary this year, has offices in Dublin, Palo Alto, London, Munich and Paris and has over €1 billion of assets under management.
“In the first quarter of 2024, international funding into Irish SMEs fell by 57% to €184 million from €425 million last year. While we are developing innovative, exciting, indigenous technology start-ups we must put in place mechanisms to source private capital to scale them up to international winners,” said Maguire.
Before joining Atlantic Bridge, Maguire was vice president for research and development at Parthus Technologies – floated on Nasdaq in 2000 – and worked with several international technology companies including Philips in the UK and S3 Group in Ireland.
Maguire’s focus is on investments in Atlantic Bridge Fund IV, a €260 millino growth equity fund, and the Atlantic Bridge University Bridge Fund, a €60 million fund aimed at spinouts from Irish third level institutions.
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