Trintech's Cyril McGuire to splash the cash

"I'm not ruling anything in or out, however particular areas of interest are cloud applications, social commerce, leveraging the social business side, and at the time the whole mobile channel -- that's where growth is."

Finance is "primarily my own and from close alliances with others, including family, other VCs and angel investors -- connections from my 20 years in the business".

McGuire was a founder-stage investor in online betting sensation Betfair. He is an investor in Iain MacDonald's Skillpages and Cork cloud computing software company MPStor, where ex-Intel boss Jim O'Hara is chairman.