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Fri 09 Sep 2009Irish-US fund worth $100m to be raised for tech sector
A $100 MILLION (€68.6 million) venture capital fund is to be raised by a group of Irish-American businessmen as one of the key components in a strategy to rapidly grow Ireland’s technology sector.
Investors in the first fund from Irish Technology Capital (ITC) include John Hartnett, chief executive of solar energy firm G24 Innovations; Richard Moran, a Silicon Valley venture capitalist; and Johnny Gilmore, chief executive of Sling Media.
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