Kernel Capital

We partner with people of exceptional vision and ability from first time founders to seasoned entrepreneurs – pioneers who innovate and create new products and services.

VENTURES

Focus areas

Software and Web
 
Communications, Telecoms & Networks
 
Chips, Sensors & Systems
 
Engineering

Investing in

  • Idea
  • Product or prototype
  • Go to market
  • Growth and expansion

Focus areas

The investor is focussed on the following areas

Hardware
Hardware
Media
Media
Mobile
Mobile
Other
Other
Software
Software

Experience

The Bank of Ireland Kernel Capital Venture Funds, investing in the Republic of Ireland and Northern Ireland, are one of the largest and most active sources of equity finance for technology companies on the island of Ireland.

Kernel Capital funds are industry performance leaders having delivered Gross IRRs in excess of 20% per annum.

Our strategic alliance with Bank of Ireland, the wide range of institutional investors in our funds and our network of over 80 institutional portfolio co-investors ensures Kernel Capital deliver ‘access to funding’ for all stages of company growth.

The Bank of Ireland Kernel Capital Venture Funds are independently managed by Kernel Capital. Our team based in Cork, Belfast and Dublin, leverage our extensive network to enable our portfolio companies to recruit the highest calibre people, to break into new international markets and to generate revenues of scale.

To date, we have raised €210m / £165m in venture capital funds, the latest being in 2015 and with our assistance our portfolio companies have raised over €500m / £420m in equity and debt funding

How much do they invest?

Series A, B and later Institutional Investment Rounds up to €2.5 / £2m per investment

Our primary focus is on leading institutional Series A investments up to €2.5m / £2m, with a maximum of €6m / £5m invested in any single company. In general, we are the lead investor. We have syndicated investments with over 80 institutional investors (See co-investors) and we frequently invest on our own enabling our portfolio companies build value before syndicating larger investment rounds. Companies seeking Series A and later investment rounds should have annual revenues of €1m / £1m or clear sight to such revenues within 12 months of our investment.

Startups they funded

Amongst others, DisplayNote, Cirdan Imaging, B-Secur, Automated Intelligence.

How to approach them

We will always meet with entrepreneurs and professional service providers who would like to know more about Kernel Capital.
There is no precondition to the meeting for either party, it is informal and it is open to both companies that have applied to Kernel Capital and companies who have yet to apply for funding.

To attend an Open Hours Event, please sign up online and we will reply via e-mail confirming the meeting time for the chosen event. Please note that respondents do not have to be operating from the region in which the Open Hours event is taking place.

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