rtmark
LearnBonds.com

U2 members back €100m technology fund

Mohit Oberoi
Author: Mohit Oberoi

Last Updated: June 29, 2020

Two members of rock band U2 (pictured) have backed a new tech fund called Impact Ireland that intends to raise  €100m fund that will invest in technology companies in the republic.

Adam Clayton (pictured, far left) and David Howell Evans, known as the “the Edge” (pictured, left) of  U2 have taken part in the first round of fundraising that raised more than €20m last month. The fund is currently doing a second round of fundraising. Dublin-based VentureWave Capital is behind the Impact Ireland fund.

It is expected to take strategic stakes in about 15 Irish companies with high-growth and scaling potential.

“We are delighted to launch Impact Ireland with its focus on supporting highly scalable companies which benefit society from one of the best investment global locations there is, Ireland,” said Kieran McLoughlin, the managing partner for VentureWave.

The fund will be a combination of a venture capital fund and a private equity fund. Venture capital funds typically invest in early-stage startups while private equity funds invest in relatively mature companies.

Impact Ireland fund intends to invest between €1 and €25 million in young firms, and will focus on cloud-based technologies in sectors like food, agriculture, education, healthcare, energy, and environment.

Former Ireland taoiseach Enda Kenny, who chairs the fund’s Global Advisory Council, said: “It will be a powerful corps of advocates for developing the next generation of successful Irish businesses and accelerating the impact that they will have.”

The Impact Ireland find is the first Irish fund to sign the World Bank’s International Finance Corporation’s Operating Principles for Impact Measurement, that measures the social impact of investments. ESG (or environmental social and governance) investing has been gaining a lot of popularity globally, and this type of investing hit $30trn in 2018 and analysts expect it to reach $50trn over the next two decades.

For more information on trading in stocks, please see our selection of some of the best online stockbrokers. Alternatively, if you wish to trade derivatives, we also have reviewed a list of derivative brokers you can consider.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
Users should remember that all trading carries risks and users should only invest in regulated firms. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Mohit Oberoi

Mohit Oberoi is a freelance finance writer based in India. he has completed his MBA with finance as majors and also holds a CFA charter. He has over 13 years of experience in financial markets. He has been writing extensively on global markets for the last six years and has written over 6,500 articles. He mainly covers metals, electric vehicles, asset managers, and other macroeconomic news. He also loves writing on personal finance and topics related to valuation.