Atlantic Bridge’s Elaine Coughlan believes that Covid-19 has accelerated the adoption of many technologies, driving investment in a challenging year.
While 2020 was a difficult year for many businesses, Elaine Coughlan, managing partner and co-founder of global growth equity fund Atlantic Bridge, said technology was “one of the bright spots” amid the uncertainty of the pandemic.
Speaking to Ann O’Dea at Future Human, Coughlan said that, while some industries such as travel tech have been negatively impacted, there has been a forced acceleration of technology adoption in other areas such as contactless tech and tools for communication and engagement.
“I think some of the fundamental underlying technology like quantum and AI, robotics and process automation, they are all being accelerated,” she added.
“You’re seeing that now and the types of companies that are raising money. And also we’re seeing the IPO markets … and, quite frankly, the markets are on fire in terms of new listings and valuations.”
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Words by Jenny Darmody