Kernel Capital

Kernel Capital is an independent investment firm that manages the Bank of Ireland Kernel Capital Venture Funds, which is recognized as one of the largest and most active sources of equity financing for technology companies on the island of Ireland, encompassing both the Republic of Ireland and Northern Ireland. The firm leverages its extensive network to assist portfolio companies in recruiting top talent, expanding into international markets, and achieving significant revenue growth. Kernel Capital has successfully raised over €210 million from a diverse group of investors, including strategic partners such as Bank of Ireland and various educational foundations. The firm is notable for consistently delivering strong financial returns and has facilitated over 20 substantial trade sales to publicly listed corporations on major exchanges, including NASDAQ, NYSE, and LSE.

Ger Goold

Partner and COO

Niall Olden

Founder and Managing Partner

Orla Rimmington

Partner

Siggi Saevarsson

Venture Partner

Denise Sidhu

Finance Director and Partner

Past deals in Ireland

Pilot Photonics

Venture Round in 2022
Pilot Photonics Ltd. is a company based in Dublin, Ireland, that specializes in the development of optical wavelength comb source units for the optical telecommunication research and development market. Established in 2011, the company focuses on creating and licensing advanced comb source laser technology, which has been implemented as Photonic Integrated Circuits (PICs). Their products include prototypes, reference designs, and technology licenses for various module and subsystem applications. The technology is utilized in optical arbitrary waveform generation, photonic microwave signal generation, and optical signal processing, as well as in multi-carrier transmission techniques. Pilot Photonics also manufactures single-chip photonic integrated circuits that enable the generation and manipulation of light waves with high precision, supporting sectors such as communications, energy, and aerospace.

AltraTech

Venture Round in 2021
Altratech Limited designs biosensors and semiconductor chips for DNA testing of food traceability for agri business. The company was incorporated in 2013 and is based in Shannon, Ireland.

Nova Leah

Venture Round in 2021
Nova Leah Ltd is a company that specializes in cybersecurity solutions for medical device manufacturers. Founded in 2015 and headquartered in Dundalk, Ireland, with an additional office in Boston, Massachusetts, it has developed SelectEvidence, a sophisticated risk analysis and treatment platform. This software assists manufacturers and healthcare providers in managing cybersecurity risks throughout the product life cycle by tracking vulnerabilities and ensuring compliance with security regulations. SelectEvidence also facilitates communication between manufacturers and hospitals through a fully traceable framework. The company provides 24/7 technical support, online training, and continuous software updates, reflecting its commitment to enhancing the security assurance of medical devices through knowledge development and collaboration.

Nova Leah

Venture Round in 2018
Nova Leah Ltd is a company that specializes in cybersecurity solutions for medical device manufacturers. Founded in 2015 and headquartered in Dundalk, Ireland, with an additional office in Boston, Massachusetts, it has developed SelectEvidence, a sophisticated risk analysis and treatment platform. This software assists manufacturers and healthcare providers in managing cybersecurity risks throughout the product life cycle by tracking vulnerabilities and ensuring compliance with security regulations. SelectEvidence also facilitates communication between manufacturers and hospitals through a fully traceable framework. The company provides 24/7 technical support, online training, and continuous software updates, reflecting its commitment to enhancing the security assurance of medical devices through knowledge development and collaboration.

Pilot Photonics

Venture Round in 2018
Pilot Photonics Ltd. is a company based in Dublin, Ireland, that specializes in the development of optical wavelength comb source units for the optical telecommunication research and development market. Established in 2011, the company focuses on creating and licensing advanced comb source laser technology, which has been implemented as Photonic Integrated Circuits (PICs). Their products include prototypes, reference designs, and technology licenses for various module and subsystem applications. The technology is utilized in optical arbitrary waveform generation, photonic microwave signal generation, and optical signal processing, as well as in multi-carrier transmission techniques. Pilot Photonics also manufactures single-chip photonic integrated circuits that enable the generation and manipulation of light waves with high precision, supporting sectors such as communications, energy, and aerospace.

AltraTech

Venture Round in 2017
Altratech Limited designs biosensors and semiconductor chips for DNA testing of food traceability for agri business. The company was incorporated in 2013 and is based in Shannon, Ireland.

Oncomark

Venture Round in 2017
OncoMark Limited, founded in 2007 and based in Dublin, Ireland, specializes in the discovery and development of diagnostic tools and therapeutic targets for cancer patients. The company focuses on companion diagnostic tests that assist pharmaceutical firms in selecting patients who are most likely to benefit from specific cancer treatments, thereby optimizing the drug development process and improving clinical trial outcomes. OncoMark's product offerings include tissue-based biomarker assays for pharmacodynamic and patient stratification studies, as well as a Biomarker Interpretation Workflow platform that automates various analytical processes. The company is developing a portfolio of diagnostic tests for key cancer types, including breast, colorectal, prostate, and melanoma, supported by substantial EU R&D funding. With a small team and a strong advisory board, OncoMark aims to enhance patient care by providing tools that facilitate more effective treatment decisions based on genetic markers and other biomarkers.

Corlytics

Venture Round in 2017
Corlytics, based in Ireland, is a leading provider of regulatory risk intelligence, focused on enhancing compliance within the financial sector. Established in 2013, the company employs a multidisciplinary approach, combining the expertise of legal analysts, risk professionals, and data scientists to analyze enforcement data and other regulatory information. This analysis aids regulators, financial institutions, and their advisors in improving regulatory planning and execution. Corlytics' platform utilizes both artificial and human intelligence to categorize and structure regulatory notices and internal data, allowing financial institutions to identify potential risks and estimate losses effectively. By fostering collaboration between regulators and financial entities, Corlytics aims to promote a more transparent and stable financial system through informed decision-making and enhanced regulatory compliance.

Polypico

Venture Round in 2016
Poly-Pico Ltd, based in Cork, Ireland, specializes in innovative fluid dispensing technology developed from five years of research at the University of Limerick. The company designs and manufactures solutions for both Life Science and Industrial applications, serving prominent institutions such as NASA and Harvard. As a leading microdispensing specialist, Poly-Pico focuses on research and development to create advancements in liquid handling, including contactless biology techniques like levitating microdrops and non-contact ultra-low volume acoustic dispensing. This core technology addresses challenges such as cross-contamination and dispenser clogging while minimizing wastage through the use of simple, disposable cartridges. Poly-Pico's multidisciplinary team possesses expertise in micro-fluidics, electronics, mechanical engineering, and biotechnology, allowing them to offer both standard and customized solutions tailored to meet precise dispensing needs.

Zeto

Venture Round in 2016
Zeto is a company based in Little Island, Ireland, specializing in the design and development of cloud-based platforms for managing commercial refrigeration equipment, particularly in the supermarket sector. The Fusion platform enhances energy efficiency, provides real-time analytics, and offers customizable HACCP reporting, all accessible through standard web browsers. Additionally, Zeto operates the Integra platform, which enables supermarket owners and maintenance contractors to manage their refrigeration systems wirelessly from any web-enabled device. The company's solutions address key challenges within the refrigeration industry, such as rising operational costs and compliance with food safety regulations, by providing innovative wireless hardware that can be integrated during manufacturing or retrofitted by engineering firms. Through its subscription-based model, Zeto aims to help users increase sales, reduce operating costs, and gain valuable insights into their refrigeration operations.

Corlytics

Seed Round in 2015
Corlytics, based in Ireland, is a leading provider of regulatory risk intelligence, focused on enhancing compliance within the financial sector. Established in 2013, the company employs a multidisciplinary approach, combining the expertise of legal analysts, risk professionals, and data scientists to analyze enforcement data and other regulatory information. This analysis aids regulators, financial institutions, and their advisors in improving regulatory planning and execution. Corlytics' platform utilizes both artificial and human intelligence to categorize and structure regulatory notices and internal data, allowing financial institutions to identify potential risks and estimate losses effectively. By fostering collaboration between regulators and financial entities, Corlytics aims to promote a more transparent and stable financial system through informed decision-making and enhanced regulatory compliance.

Arralis

Seed Round in 2014
Arralis Ltd. is a technology company based in Limerick, Ireland, specializing in high-frequency semiconductor chips for the aerospace, security, and communications sectors. Founded in 2013, Arralis designs and manufactures advanced products including custom phased array antenna systems, Monolithic Microwave Integrated Circuits (MMICs), and integrated radar and communications platforms. The company’s offerings also encompass micro and millimeter-wave technology systems, as well as a variety of sub-systems such as receivers, demodulators, and signal processing systems. Arralis focuses on precision and reliability, catering to both global and space environments. In addition to its product development, the company collaborates with other technology providers to create customized, high-performance solutions that align with client objectives.

MPSTOR

Venture Round in 2014
MPSTOR Ltd. is a company that specializes in the development of storage and cloud management software products, primarily focusing on solutions such as storage array management systems and software-defined storage frameworks. Its offerings, branded under Orkestra, include a turnkey cloud management platform that incorporates resiliency features like information dispersal algorithms and security measures. MPSTOR's technology is designed to facilitate flexible and scalable storage solutions that can be deployed rapidly across various hardware configurations, thereby optimizing resource utilization and reducing operational costs for original equipment manufacturers and system integrators. The company also provides its solutions as stand-alone modules or integrated with platforms like OpenStack for enhanced cloud services. Founded in 2005 and headquartered in Bishopstown, Ireland, MPSTOR operates additional offices in the United States and Taiwan.

AltraTech

Seed Round in 2014
Altratech Limited designs biosensors and semiconductor chips for DNA testing of food traceability for agri business. The company was incorporated in 2013 and is based in Shannon, Ireland.

PicStash

Seed Round in 2014
They offer a valuable but inexpensive PR tool, ensuring the maximum exposure of your Brand with minimum costs to your business. They make it easier for journalists to view your latest products and press releases, and share them with the rest of Ireland and beyond.

TCAS Online

Seed Round in 2013
TCAS Online is a leading provider of Student Accommodation Management Systems in Ireland, commanding over 65% of the student bed market. Their software significantly reduces administrative overheads for universities, third level institutions, and private operators by more than 60%. The platform features mobile functionality that streamlines daily activities such as inventory checks, maintenance management, and campus security. TCAS Online offers a highly configurable software solution that can be deployed via clients' Internet and Intranet platforms, functioning as either a Software as a Service (SaaS) or a traditional licensing model. In addition to serving numerous prominent universities and colleges in Ireland, TCAS Online has expanded its operations to the UK, securing clients in cities like Manchester and London.

Zinc software

Venture Round in 2013
Zinc Software is an Irish technology company based in the national digital research center in the digital hub of Dublin. Its core team having come from MIT MediaLab combines over 40 years experience in technology innovation. They believe that the future of preventative healthcare is in creating user experiences that engage and fulfill while at the same time being good for us. They are committed to building a profitable and thriving business while serving the greater good.

SolarPrint

Venture Round in 2012
SolarPrint Limited develops and manufactures dye sensitised solar cell (DSSC) photovoltaic technology. Its technology is used in various consumer electronic products, such as portable devices, displays, marine applications, solar battery rechargers, sensors, and active radio frequency identification tags; building materials, such as roofing, skylights, and internal and external fecades; and transportation products. The company also supplies components, such as titania pastes, ionic salts, electrolytes, organic dyes, PET and PEN substrates coated with ITO, glass substrates with FTO, PET with micro grid conducting surface, and nano materials for making DSSCs. SolarPrint Limited was founded in 2008 and is based in Dublin, Ireland.

i360medical

Venture Round in 2012
i360medical Limited is a healthcare solutions and medical device innovation company based in Dublin, Ireland, founded in 2012. The company focuses on improving healthcare outcomes by bridging the gap between healthcare professionals, academia, and the medical device industry. It offers consulting services and support to medical device companies, small and medium enterprises, and entrepreneurs at various stages of development, including evaluation, concept development, preclinical trials, and commercialization. i360medical also has its own six-phase process for guiding global medical device companies through the development and approval of new technologies, aiming for CE mark and FDA approval in both the US and EU markets. The company emphasizes collaboration with clinicians, engineers, and industry experts to identify unmet clinical needs and develop innovative medical devices that enhance patient care. By leveraging its extensive network, i360medical aims to promote and commercialize medical device inventions effectively.

In Hand Guides

Venture Round in 2012
In Hand Guides Ltd. specializes in creating devices that provide customized audio content across various sectors. The company offers tourism audio players designed to enhance city and conference experiences, while also providing audio guides and souvenirs for retail. Additionally, it caters to corporate clients by delivering audio information for branding and client engagement. In the health and lifestyle sector, In Hand Guides develops audio devices that communicate vital information on issues such as obesity and diabetes, as well as offering lifestyle promotion and product training. The company also provides a range of audio services, including production, voiceover, and translation in multiple languages. Established in 2005, In Hand Guides Ltd. is headquartered in Crosshaven, Ireland.

Wavebreak Media

Venture Round in 2012
Wavebreak Media provide an online library of video footage, 2D and 3D animation. All material is royalty free, broadcast quality and high definition. The library categories include nature, scenery, lifestyles, business concepts, backgrounds and much more. Industry professionals including film production companies, web designers, graphic artists, art directors and corporate marketing can instantly download high definition footage and animations for use in web, broadcast and other new media productions. Wavebreak Media's head office is located in Cork City, Ireland, with a staff of artists, producers and technician experts.

neoSurgical

Venture Round in 2011
neoSurgical Limited is a medical device company based in Campus, Ireland, specializing in innovative solutions for laparoscopic abdominal surgery. Founded in 2007, the company has developed neoClose, a device designed to facilitate the closure of laparoscopic wounds and reduce the risk of complications such as herniation. By enhancing the safety and efficiency of laparoscopic port site closure, neoSurgical aims to improve surgical outcomes for both patients and surgeons in the field of minimally invasive surgery.

BioAtlantis

Venture Round in 2010
BioAtlantis Ltd., based in Tralee, Ireland, is a biotech company established in 2003 that specializes in the development and production of nutraceutical ingredients for plant, human, and animal markets across the European Union, Asia, and South America. The company focuses on creating natural bio-actives derived from seaweeds, which serve as plant biostimulants and animal prebiotics. These ingredients are designed to enhance agricultural productivity by protecting crops from stress caused by low soil organic matter and pathogens, while also promoting overall plant health and growth. BioAtlantis aims to address challenges in the agriculture sector related to biotic and abiotic stresses, as well as extreme weather conditions.

ResourceKraft

Seed Round in 2010
ResourceKraft is a company based in Limerick, Ireland, founded in 2007, that specializes in technology-driven solutions for the electronics, computing, and energy sectors. It develops energy engagement software aimed at reducing energy consumption and carbon emissions. The company's flagship product, ResourceKraft Advisor, utilizes sensors and advanced metering technology to gather real-time data on energy and resource usage within organizations. This software enables users to identify waste, lower costs, and ensure compliance with regulatory and industry standards, facilitating effective energy management across both urban and rural environments. By providing actionable insights, ResourceKraft empowers organizations to optimize their energy consumption and improve overall efficiency.

Teamer

Venture Round in 2010
Teamer is a leading sports technology platform that serves over 2 million active users across 50 countries, with a strong presence in the UK, Ireland, and Australia, and expanding rapidly in Europe, the US, and Canada. The platform provides a free app designed to streamline the organization and management of grassroots sports teams, clubs, and leagues. Users can communicate effectively, manage schedules, and process payments through mobile devices. Teamer has localized its services in multiple languages, including French, German, Italian, and Spanish, to cater to its growing European audience. Additionally, it functions as a marketing platform, connecting brands with sports clubs, teams, and families, allowing for targeted campaigns based on demographic data such as sport, gender, age, and location. This approach ensures that marketing efforts resonate deeply within the sports community, enhancing engagement and performance.

MPSTOR

Series A in 2009
MPSTOR Ltd. is a company that specializes in the development of storage and cloud management software products, primarily focusing on solutions such as storage array management systems and software-defined storage frameworks. Its offerings, branded under Orkestra, include a turnkey cloud management platform that incorporates resiliency features like information dispersal algorithms and security measures. MPSTOR's technology is designed to facilitate flexible and scalable storage solutions that can be deployed rapidly across various hardware configurations, thereby optimizing resource utilization and reducing operational costs for original equipment manufacturers and system integrators. The company also provides its solutions as stand-alone modules or integrated with platforms like OpenStack for enhanced cloud services. Founded in 2005 and headquartered in Bishopstown, Ireland, MPSTOR operates additional offices in the United States and Taiwan.

Equiendo

Series A in 2009
Equiendo Ltd. develops automated network management software solutions specifically for the mobile telecommunications industry. Founded in 2005 and based in Dublin, Ireland, the company offers cloud-based applications and a capacity management software solution known as EquiTraf. This innovative product is designed to help networks manage Radio Access Network (RAN) resources effectively, enabling telecom businesses to meet the challenges of increasing traffic demands. Equiendo's software focuses on facilitating data-driven decisions that enhance service quality and maximize revenue from existing infrastructure, while also targeting investments to improve the quality of experience for customers. With over 60 years of combined technical and managerial expertise, Equiendo draws on insights gained from collaborations with mobile operators in more than 40 countries worldwide.

Stokes Bio

Venture Round in 2009
Stokes Bio, founded in 2005 and based in Ireland, specializes in the development and distribution of microfluidic technology. The company focuses on applications for gene expression measurement and gene target detection, aiming to significantly improve life science research and molecular diagnostics. In 2010, Stokes Bio was acquired by Life Technologies, further integrating its innovative solutions into the broader life sciences sector.

Stokes Bio

Venture Round in 2008
Stokes Bio, founded in 2005 and based in Ireland, specializes in the development and distribution of microfluidic technology. The company focuses on applications for gene expression measurement and gene target detection, aiming to significantly improve life science research and molecular diagnostics. In 2010, Stokes Bio was acquired by Life Technologies, further integrating its innovative solutions into the broader life sciences sector.
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