Clarendon Fund Managers

Clarendon Fund Managers Limited is a venture capital firm based in Belfast, Northern Ireland, that focuses on investing in small and medium enterprises. Established in 2001, the firm manages £42.5 million in regional venture capital funds, including a significant £30 million Co-Investment Fund. Clarendon Fund Managers typically invests between £20,000 and £250,000 in various sectors, particularly in manufacturing and tradable services, while favoring companies located in Northern Ireland. The firm is known for its collaborative approach, often engaging in co-investments alongside business angels and private investors. Since its inception, it has invested in over 60 companies, with a typical exit strategy planned within five to seven years.

Damien Callaghan

Chairman

Brian Cummings

Investment Director

Jim Curran

Investment Director

Stuart Gaffikin

Investment Manager

Sian Mclaughlin

Investment Manager

Claudine Owens

Investment Manager

Neil Simms

Finance Director / Investment Director

Chris Trotter

Senior Investment Manager

38 past transactions

Datactics

Venture Round in 2021
Datactics Ltd. develops data quality and matching software tailored for businesses across various sectors, including banking, finance, government, and healthcare. Founded in 1997 and based in Belfast, United Kingdom, the company offers the Datactics Data Quality Suite, which includes tools for profiling, cleaning, and matching large datasets. This suite features FlowDesigner, a user-friendly application for designing data quality processes, and DQM, a web application that automates these processes. Datactics' solutions empower business users to address data issues independently, reducing reliance on IT resources and thereby alleviating common bottlenecks in data management. The software facilitates compliance with financial regulations, supports anti-money laundering (AML) and know your customer (KYC) functions, and allows for seamless integration with visualization tools, enabling organizations to enhance their data quality and operational efficiency.

B-Secur

Venture Round in 2020
B-Secur Ltd. is a Belfast-based company that specializes in ECG biometric technology to enhance digital security. Founded in 1996, the company has developed a distinctive method of user identification by analyzing an individual's unique heartbeat pattern through their fingertips. This innovation moves beyond traditional security measures such as passwords and PINs, offering a more sophisticated approach suitable for various applications, including mobile banking, access control, and health monitoring. B-Secur's patented technology has garnered recognition in the Financial Services sector and has been supported by recent investments to further advance research and development efforts. The team comprises experts from diverse fields, including technology, biometrics, and consumer marketing, all working towards creating innovative solutions that redefine how users interact with technology in a connected world.

Neurovalens

Venture Round in 2020
Neurovalens Limited is a company based in Ballymena, United Kingdom, that specializes in the development of medical devices grounded in neuroscience, bioscience, and neurophysiology. Founded in 2013, the company focuses on creating non-invasive neurostimulation products to address significant health challenges, particularly obesity. Notable products include Stimu Slim and Modius, which are electronic headsets designed to promote weight loss through transdermal activation of brainstem and hypothalamic functions. These devices aim to enhance autonomic function and circadian regulation, offering healthcare providers drug-free alternatives to improve patient health outcomes. Neurovalens has also received support from Invest NI as part of the European Union’s Investment for Growth and Jobs Programme, which will facilitate research and development to enhance the company's competitiveness.

BrainWaveBank

Seed Round in 2020
BrainWaveBank Limited is a brain health research company focused on developing innovative solutions to track and improve cognitive health, particularly in the context of dementia. Founded in 2015 and based in Belfast, United Kingdom, the company has created a unique wearable electroencephalography (EEG) device that allows users to non-invasively measure their brain activity. This device works in conjunction with mobile games designed to challenge cognitive skills, enabling individuals to monitor their cognitive health daily from the comfort of their homes. By securely collecting and analyzing data from a large user base, BrainWaveBank aims to build comprehensive neurocognitive profiles that can advance the understanding of brain health and inform the development of future treatments for neurological disorders. The company's approach emphasizes scalability and accessibility, making it a valuable tool for both consumers and clinical professionals.

Re-Vana Therapeutics

Seed Round in 2020
Re-Vana Therapeutics Ltd is a company based in Belfast, United Kingdom, specializing in ocular pharmaceuticals and drug delivery systems. Founded in 2016, it focuses on developing biodegradable drug delivery platforms to treat chronic eye diseases, including age-related macular degeneration, diabetic retinopathy, glaucoma, and uveitis. The company offers two main products: OcuLief, which provides long-term release of therapeutics for age-related macular degeneration and diabetic retinopathy, and EyeLief, designed for glaucoma and retinal diseases. These platforms utilize FDA-approved polymers, enabling the delivery of various therapeutic molecules over periods ranging from one week to a year. Re-Vana's approach aims to enhance patient compliance through reduced treatment frequency and pain, while also minimizing side effects and healthcare costs.

BrainWaveBank

Venture Round in 2020
BrainWaveBank Limited is a brain health research company focused on developing innovative solutions to track and improve cognitive health, particularly in the context of dementia. Founded in 2015 and based in Belfast, United Kingdom, the company has created a unique wearable electroencephalography (EEG) device that allows users to non-invasively measure their brain activity. This device works in conjunction with mobile games designed to challenge cognitive skills, enabling individuals to monitor their cognitive health daily from the comfort of their homes. By securely collecting and analyzing data from a large user base, BrainWaveBank aims to build comprehensive neurocognitive profiles that can advance the understanding of brain health and inform the development of future treatments for neurological disorders. The company's approach emphasizes scalability and accessibility, making it a valuable tool for both consumers and clinical professionals.

Ampliphae

Seed Round in 2019
Ampliphae Ltd specializes in cloud management solutions that leverage artificial intelligence and machine learning to help enterprises manage their Software as a Service (SaaS) applications. Founded in 2015 and based in Belfast, United Kingdom, the company focuses on identifying and managing the risks associated with the independent adoption of cloud-delivered applications by employees. Ampliphae offers features such as cloud application discovery, real-time trend reporting, proactive governance, and data privacy compliance, which help organizations understand and mitigate potential vulnerabilities. Its platform employs advanced analytics to provide a comprehensive overview of cloud usage, facilitating compliance and enabling effective risk management within a structured governance framework.

See.Sense

Seed Round in 2019
See.Sense creates award-winning products that make riders safer on the road, and technology that generates the data cities need to build better transport infrastructure. Our products are used by more than 50,000 cyclists worldwide and we're the official bike light and ride insights suppliers to both British Cycling and Cycling Ireland. The data our patented products gather is unique - seeing us work with leading smart cities around the world, to improve cycling infrastructure, reduce congestion and improve mobility in cities. We've won multiple business, design and innovation awards, and design and manufacture our technology products in Northern Ireland.

BrainWaveBank

Seed Round in 2019
BrainWaveBank Limited is a brain health research company focused on developing innovative solutions to track and improve cognitive health, particularly in the context of dementia. Founded in 2015 and based in Belfast, United Kingdom, the company has created a unique wearable electroencephalography (EEG) device that allows users to non-invasively measure their brain activity. This device works in conjunction with mobile games designed to challenge cognitive skills, enabling individuals to monitor their cognitive health daily from the comfort of their homes. By securely collecting and analyzing data from a large user base, BrainWaveBank aims to build comprehensive neurocognitive profiles that can advance the understanding of brain health and inform the development of future treatments for neurological disorders. The company's approach emphasizes scalability and accessibility, making it a valuable tool for both consumers and clinical professionals.

Axial3D

Series A in 2019
Axial3D specializes in 3D printing technology for healthcare, focusing on creating precise, patient-specific anatomical models derived from CT and MRI scan data. By providing a unique Online Ordering Portal, they enable clinicians to securely upload scans, allowing Axial3D's expert team to generate accurate physical models of patients' anatomy. These 3D printed models enhance the understanding of medical abnormalities, promote innovative surgical techniques, and ultimately improve surgical outcomes. The company's approach bridges the gap between technology and medicine, empowering surgeons and medical practitioners to effectively plan and rehearse complex procedures, thereby advancing the standards and efficiency of surgical interventions.

tradefact

Seed Round in 2019
Tradefact connects the information, and people needed to measure, resolve, and improve logistics and related supply chain issues in more real-time, with greater predictability, and with less effort.

Plotbox

Series A in 2019
PlotBox is a developer of a cemetery management software used to facilitate cemeteries operation services. Its software offers records management that bring all deceased records together into a quickly searchable database that includes images of headstones and paper records, generate pre and at-need contracts with ease, interpret financial data as well as manages all the administration related to burials and cremations including finance and reporting that enable clients to generate leads and revenue for cemeteries and improves service levels for families.

Plotbox

Venture Round in 2019
PlotBox is a developer of a cemetery management software used to facilitate cemeteries operation services. Its software offers records management that bring all deceased records together into a quickly searchable database that includes images of headstones and paper records, generate pre and at-need contracts with ease, interpret financial data as well as manages all the administration related to burials and cremations including finance and reporting that enable clients to generate leads and revenue for cemeteries and improves service levels for families.

MakeMatic

Seed Round in 2019
MakeMatic Limited creates and licenses bite-size educational content for educators and families. It develops short video lessons with practical activities for educators to learn about a topic and apply it in their classrooms. The company develops courses on integrating technology in class, building awareness on global trend, and teaching tactics and classroom practice ideas. It licenses its content to educational communities, media industry, international school chains, CSR initiatives, and governments. The company was founded in 2015 and is based in Derry-Londonderry, United Kingdom.

Pitchbooking

Seed Round in 2019
Pitchbooking Ltd is an online marketplace that simplifies the process of finding and booking sports facilities. Established in 2016 and based in Lurgan, United Kingdom, the platform connects users with facility providers in their local area. In addition to facilitating bookings, Pitchbooking offers facility management software designed to help facility managers optimize their operations. This customizable system enables organizations to enhance the utilization of their venues, ultimately driving increased revenue. Through its innovative approach, Pitchbooking aims to streamline the experience for both customers and facility operators.

We Are Paradoxx

Seed Round in 2019
WE ARE PARADOXX is a haircare brand that prioritizes environmental and social responsibility that is 90% plastic-free and 100% clean with no toxins, irritants, and synthetic fragrances in any of the products. WE ARE PARADOXX is on a mission to make sustainable, eco-friendly beauty a viable option for all that offers multi-task products to suit every individual.

Orca Money

Equity Crowdfunding in 2018
Orca Money Limited operates an online comparison platform in the United Kingdom for peer-to-peer (P2P) lending. Founded in 2015 and based in Belfast, the company aggregates various P2P investment opportunities to assist DIY investors in making informed decisions while securing competitive interest rates. The platform features a range of lending options, including connections to businesses, property developers, and renewable energy projects through partners such as Assetz Capital and ThinCats. It also facilitates secured and unsecured loans via Rebuilding Society, and offers funding solutions for property developers through All Wellesley & Co. Additionally, Orca Money connects investors with individuals seeking unsecured loans through Lending Works and Zopa, while Proplend and Landbay cater to commercial and residential mortgage loan needs, respectively. By promoting alternative finance options, Orca Money aims to highlight the potential of innovative investment avenues in a rapidly growing sector.

Uleska

Venture Round in 2018
Uleska Ltd. is a Belfast-based company that specializes in developing security solution software aimed at automating cybersecurity processes for software development. Established in 2016, Uleska's flagship product, Secure Design, automatically incorporates cybersecurity protocols and protections into software, ensuring compliance while reducing both development time and costs. The company also offers the Application Security Testing and Orchestration (ASTO) Engine, which streamlines the integration and management of various security tools. This platform automates essential tasks such as running security tools, analyzing risks, and communicating findings back to Continuous Integration/Continuous Deployment (CI/CD) systems. By facilitating automated workflows and providing alerts and recommendations, Uleska enables clients to enhance their application security efforts and release secure code more efficiently.

See.Sense

Seed Round in 2018
See.Sense creates award-winning products that make riders safer on the road, and technology that generates the data cities need to build better transport infrastructure. Our products are used by more than 50,000 cyclists worldwide and we're the official bike light and ride insights suppliers to both British Cycling and Cycling Ireland. The data our patented products gather is unique - seeing us work with leading smart cities around the world, to improve cycling infrastructure, reduce congestion and improve mobility in cities. We've won multiple business, design and innovation awards, and design and manufacture our technology products in Northern Ireland.

Kraydel

Seed Round in 2018
Kraydel Limited, based in Belfast, United Kingdom, specializes in developing applications and healthcare devices aimed at monitoring and supporting the elderly in their homes. The company offers a range of products including Kraydel Insight, which collects daily routine data and sends timely alerts; Kraydel Assist, an intuitive TV interface that provides medication reminders and facilitates video calls; and Kraydel Protect, an intelligent wristband that monitors falls, seizures, heart rate, skin temperature, step count, and location. Founded in 2016, Kraydel focuses on addressing social isolation and enhancing independence for elderly users, while also delivering peace of mind to their families and caregivers through a comprehensive Internet of Things (IoT) platform.

Re-Vana Therapeutics

Seed Round in 2017
Re-Vana Therapeutics Ltd is a company based in Belfast, United Kingdom, specializing in ocular pharmaceuticals and drug delivery systems. Founded in 2016, it focuses on developing biodegradable drug delivery platforms to treat chronic eye diseases, including age-related macular degeneration, diabetic retinopathy, glaucoma, and uveitis. The company offers two main products: OcuLief, which provides long-term release of therapeutics for age-related macular degeneration and diabetic retinopathy, and EyeLief, designed for glaucoma and retinal diseases. These platforms utilize FDA-approved polymers, enabling the delivery of various therapeutic molecules over periods ranging from one week to a year. Re-Vana's approach aims to enhance patient compliance through reduced treatment frequency and pain, while also minimizing side effects and healthcare costs.

BrainWaveBank

Seed Round in 2017
BrainWaveBank Limited is a brain health research company focused on developing innovative solutions to track and improve cognitive health, particularly in the context of dementia. Founded in 2015 and based in Belfast, United Kingdom, the company has created a unique wearable electroencephalography (EEG) device that allows users to non-invasively measure their brain activity. This device works in conjunction with mobile games designed to challenge cognitive skills, enabling individuals to monitor their cognitive health daily from the comfort of their homes. By securely collecting and analyzing data from a large user base, BrainWaveBank aims to build comprehensive neurocognitive profiles that can advance the understanding of brain health and inform the development of future treatments for neurological disorders. The company's approach emphasizes scalability and accessibility, making it a valuable tool for both consumers and clinical professionals.

Komodo Math

Angel Round in 2015
Komodo Learning Ltd. is an online education platform based in Belfast, United Kingdom, that specializes in mathematics for children. Founded in 2013, the company provides an engaging application that allows kids to practice math through short lessons on tablets and computers. The platform emphasizes effective learning while promoting a balanced lifestyle, encouraging children to spend limited time on screen before engaging in outdoor activities. By integrating parental involvement, Komodo Learning empowers parents to motivate their children and rewards their progress, ensuring a supportive home learning environment. The application focuses on mental arithmetic and employs proven methods to enhance children's confidence and skills in mathematics.

GoReport

Seed Round in 2015
GoReport provides a range of purpose-built solutions for a variety of survey types across the entire property sector. Surveyors can now carry out surveys and generate reports more efficiently and in much less time. Surveyors can now quickly capture all relevant survey data directly on an iPad using a simple and easy to use combination of standard and custom phrases, automated voice to text and pick lists. GoReport was founded on 2011 and is headquartered in Belfast, United Kingdom.

Autism Biotech

Non Equity Assistance in 2014
Autism Biotech is a company based in Belfast, Northern Ireland, focused on developing a biochemical test for the early and reliable diagnosis of autism spectrum disorder. Their product, ASDtect, utilizes peptide biomarkers protected by two granted patents to facilitate the detection of autism from a simple blood sample. This innovative approach aims to address a significant and largely untapped market, enhancing the ability of healthcare professionals to diagnose and subsequently treat individuals with autism. Currently, Autism Biotech is conducting clinical trials to ensure the efficacy of ASDtect, with plans to make the diagnostic test available in the near future.

Sensurity

Seed Round in 2013
Sensurity (formally MicroSense) is a patented, award winning microwave fence solution that solves the perimeter security headache at critical installations such as airports, power-plants and country borders. Our microwave barrier is one of the most reliable and safe intrusion detectors used for outdoor perimeter protection and is designed to detect movement in external environments which is particularly suitable for areas where other types of external detectors cannot be used or do not give full coverage. The wireless perimeter fence is made up of a series of nodes and when in sequence; an electromagnetic beam, using high frequency waves, passes from a transmitter to a receiver creating an invisible but sensitive detection curtain around a secure location.

Phlok

Funding Round in 2013
Phlok is a unique rewards platform that offers end-users the opportunity to earn virtual currency as they interact with businesses. Phlok uses virtual currency incentives to make social media easy and profitable for businesses giving consumers a reason to shop local.

PathXL

Venture Round in 2012
PathXL, based in Northern Ireland, specializes in digital pathology image analysis and workflow software, as well as educational tools. The company's software is designed to enhance image analysis and streamline workflow management in the pathology and biopharma markets. By facilitating the examination of patient tissue samples, PathXL plays a crucial role in the diagnosis and treatment of various diseases, particularly cancer. Its solutions cater to both research and educational segments, improving diagnostic quality and enabling pathologists to review and share extensive clinical data. Additionally, PathXL's offerings support the development of new therapies and ultimately aim to enhance patient outcomes.

Kelsius

Venture Round in 2012
Kelsius is a provider of automation technology focused on product safety and compliance within the food services and healthcare sectors. Founded in 2003 and headquartered in Donegal, Ireland, the company specializes in wireless temperature monitoring systems and a digital HACCP Management system. These technologies enhance product safety, ensure adherence to regulatory standards, and help optimize related costs. By reducing product wastage due to refrigerator malfunctions and improving food quality, Kelsius empowers clients to manage food safety more effectively through automated processes, ultimately leading to significant cost savings and increased labor efficiency.

QuizFortune

Seed Round in 2012
QuizFortune Limited operates a mobile gaming platform that specializes in trivia across various categories, including film, television, history, literature, sports, and science. Founded in 2008 and based in Belfast, United Kingdom, the company focuses on delivering engaging real-time content through a social gaming experience. Its platform allows the creation and deployment of topical trivia games that can be shared among users, facilitating interaction with brands and enhancing audience engagement. QuizFortune's trivia games are designed to be competitive and shareable, attracting users with immersive gameplay that can be tailored to trending subjects. The company also emphasizes analytics and audience profiling to provide deeper insights into user interactions, while actively exploring monetization strategies to expand its offerings.

Vertical Wind Energy

Venture Round in 2010
Vertical Wind Energy, a Horsham, UK-based designer, producer and installer of vertical axis, small wind systems. The company is leveraging the introduction of the "Feed-in-Tariffs" in April 2010, which will enable homes and businesses to generate income from producing their own renewable electricity and selling the surplus to the national grid.

Axis Three

Venture Round in 2009
Axis Three is the market leader and pioneer of 3D surgical simulation tools for the cosmetic surgery market. Through its partnership with Siemens and its ground-breaking simulation software based on physics-driven tissue typing, Axis Three promises to create the new standard for 3D predictive surgical simulation.

Datactics

Venture Round in 2008
Datactics Ltd. develops data quality and matching software tailored for businesses across various sectors, including banking, finance, government, and healthcare. Founded in 1997 and based in Belfast, United Kingdom, the company offers the Datactics Data Quality Suite, which includes tools for profiling, cleaning, and matching large datasets. This suite features FlowDesigner, a user-friendly application for designing data quality processes, and DQM, a web application that automates these processes. Datactics' solutions empower business users to address data issues independently, reducing reliance on IT resources and thereby alleviating common bottlenecks in data management. The software facilitates compliance with financial regulations, supports anti-money laundering (AML) and know your customer (KYC) functions, and allows for seamless integration with visualization tools, enabling organizations to enhance their data quality and operational efficiency.

Fusion Antibodies

Venture Round in 2007
Fusion Antibodies specializes in production of high quality humanized monoclonal antibodies and antibody engineering projects. The company has the knowledge and expertise to build and deliver a bespoke package of the services people need to achieve outstanding results. Using the technology, the sequences of the antibody variable domains which determine its binding specificity are incorporated into human donor sequences creating a panel of full length humanized antibodies for expression. Fully humanized monoclonal antibodies are an essential step in the progression of your drug to the clinic and the in-house expertise at Fusion Antibodies ensures its success. All of Fusion Antibodies services are offered on a fee-for-service basis and is flexible on the elements of the project people would like included. Fusion Antibodies have strong links with the several partners around the globe, allowing it to deliver a complete bespoke package, at an incredible price. Fusion Antibodies was founded on 2001 and is based in Belfast, United Kingdom.

Mobile Cohesion

Series B in 2006
As of July 6, 2008, Mobile Cohesion, Ltd. went out of business. Mobile Cohesion, Ltd. provides partner relationship management solutions for the telecommunications industry. Its products include 3PRM, which enables application developers and service providers to develop, deploy, and execute convergent services; HYDRA, a definitive platform for performance and profit focused partner management for operators, MVNOs, and aggregators; and HYDRALIVE, a hosted partner management solution. The company was incorporated in 2001 and is based in Belfast, the United Kingdom.

Lagan Technologies

Series B in 2006
Lagan Technologies Ltd. specializes in providing enterprise case management solutions tailored for government agencies, primarily in North America and Europe. The company offers a range of products, including an integrated case management system for governmental organizations, a performance solution for 311 call centers, and specialized systems for human services and motor vehicle management. Lagan Technologies also delivers a variety of services, such as project management, consultancy, installation, testing, integration, education and training, and ongoing support and maintenance. Founded in 1994 and headquartered in Belfast, the company has additional offices in London, Chicago, and Washington, D.C., serving advocates and councils both in the United Kingdom and internationally.

Axis Three

Venture Round in 2006
Axis Three is the market leader and pioneer of 3D surgical simulation tools for the cosmetic surgery market. Through its partnership with Siemens and its ground-breaking simulation software based on physics-driven tissue typing, Axis Three promises to create the new standard for 3D predictive surgical simulation.
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