In the second quarter of 2024, venture capital funding in Ireland demonstrated significant growth, rising by 38% compared to the same period last year, according to a report from KPMG. The total investment reached over €217 million, with investors committing €218 million to Irish start-ups. Despite this recovery, nearly 30% of venture capital deals involved flat or down rounds, indicating that many entrepreneurs are facing valuation reductions as the market stabilizes from the peaks experienced during the pandemic. The findings suggest a modest improvement in the venture ecosystem, although it does not represent a drastic change from the first quarter of 2024.