Clarendon Fund Managers

Clarendon Fund Managers Limited is a venture capital firm based in Belfast, Ireland, established in 2001. The firm specializes in investing in small and medium enterprises, primarily within the manufacturing and tradable services sectors. It focuses on companies located in Northern Ireland and typically makes initial investments ranging from £20,000 to £250,000, with the potential for follow-on financing. Clarendon manages £42.5 million in regional venture capital funds, including a £30 million Co-Investment Fund, and has invested in over 60 companies to date. The firm aims to exit its investments within five to seven years, often co-investing alongside business angels and private investors.

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

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 developing ECG biometric software designed to enhance security for devices, data, and applications. Founded in 1996, B-Secur's innovative technology reads an individual's unique heartbeat pattern through their fingertips to authenticate identity, marking a significant advancement in biometric solutions. As the demand for more secure alternatives to traditional passwords and PINs grows, B-Secur offers a next-generation approach to internal biometrics, with applications ranging from mobile banking and building access control to health and wellness. The company has garnered recognition within the Financial Services industry for its patented ECG technology and continues to invest in research and development to refine its offerings. B-Secur's team consists of experienced professionals with expertise in technology, science, biometrics, and consumer marketing, all dedicated to creating groundbreaking solutions that address the evolving needs of technology users.

Neurovalens

Venture Round in 2020
Neurovalens delivers innovative solutions in the field of neuroscience, bioscience and neurophysiology.Neurovalens has received support from Invest NI under the European Union’s Investment for Growth and Jobs Programme. The project, recorded on the ERDF beneficiaries’ website, will be implemented over the next one year, undertaking research and development activities aimed at improving the competitiveness of the business.

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 is a Belfast-based company established in 2015 that specializes in cloud management solutions leveraging artificial intelligence and machine learning. The company focuses on the discovery and management of Software as a Service (SaaS) applications, which helps organizations identify the cloud services their employees are using. Ampliphae provides real-time trend reports, proactive cloud governance, and ensures data privacy compliance. By managing the risks associated with Bring Your Own Device (BYOD) environments, it enables businesses to understand and mitigate potential threats such as data loss, regulatory issues, and cost management. The company's comprehensive approach allows organizations to maintain control over their cloud usage while safeguarding their data and ensuring compliance with relevant regulations.

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 established in 2016, based in Lurgan, United Kingdom. The platform specializes in connecting customers with sports facility providers, enabling users to easily locate and book sports facilities in their vicinity. By streamlining the booking process, Pitchbooking aims to enhance accessibility to various sports venues for individuals and groups seeking recreational activities.

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 addresses social isolation and also supports independence for our Users. Kraydel is the only platform to combine social connectivity, through easy TV-video calling, with scalable remote monitoring, through the broadest IoT platform for health and environmental sensors and devices. This combination supports User independence and wellbeing, delivering peace of mind to families and carers. Kraydel is headquartered in Belfast, with offices in London.

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 Learning

Angel Round in 2015
Komodo Learning Ltd. provides an online application for practicing mathematics. It offers Komodo, an online application that works on tablets and computers, as well as allows kids to practice mathematics through short online lessons that fits their daily routines. The company was incorporated in 2013 and is based in Belfast, United Kingdom.

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 develops biochemical test for the early reliable diagnosis of autism. Autism Biotech's product, ASDtect, a diagnostic test for early and reliable detection of autism spectrum disorder. Based on two fully owned and granted patents for peptide biomarkers for autism, ASDtect targets a huge and untapped market. The company is currently conducting trials and aims to make ASDtect available in the near future. Autism Biotech is headquartered in Belfast, Northern Ireland.

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, a Northern Ireland-based leader in digital pathology image analysis, workflow software and educational tools. PathXL’s image analysis and tissue pathology software will complement Philips’ Digital Pathology Solutions offering, and help expand the business’ leadership in this fast-growing field. Pathology involves the examination of patient tissue samples and plays a crucial role in the diagnosis and treatment of a wide variety of diseases, including cancer.

Kelsius

Venture Round in 2012
Kelsius is the supplier of automation technology for product safety and compliance to the food services and healthcare industries. Using the wireless temperature monitoring technology, digital HACCP Management system, and cloud based data hosting and processing, Kelsius systems improve product safety, ensure regulatory compliance, and optimize costs associated with these activities. Kelsius was founded 2003 and is headquartered in Donegal, Ireland

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. designs and delivers enterprise case management solutions to government agencies primarily in North America and Europe. Its solutions include Enterprise Case Management software, an integrated case management solution for government organizations; Lagan 311, a performance solution for 311 call centers; Lagan Human Services, an integrated case management solution for human services agencies; and Lagan Department of Motor Vehicles Solution, a tool for managing the processes and records associated with driver licensing, driver history, identity verification, vehicle registration, titling, and inspections. The company's services also include project management, consultancy, installation, testing, integration, education and training, skills transfer, support, and maintenance. It serves advocates and councils in the United Kingdom and internationally. The company was founded in 1994 and is headquartered in Belfast, the United Kingdom with additional offices in London, the United Kingdom; Chicago, Illinois; and Washington, District of Columbia.

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.