Kern Whelan Capital manages a diversified investment portfolio stretching from new ventures to established and profitable businesses across many industry sectors. They invest in only a few companies each year, and partner with outstanding management teams for the long term. While they typically are active members of the board of directors for their businesses, they do not seek involvement in their daily operations. Through a long term approach to the liquidity horizon, Kern Whelan investments are not beholden to a single exit strategy, but are instead opportunistic about investor capital return whether through M&A, IPO, recap, dividend, or otherwise. Investment Approach They back strong management teams in companies that generate, or have the potential to generate, operating profit margins of 15% or better. They look for a history of internal growth in a capital efficient manner with good prospects for future growth. They remain opportunistic investors, however, and will not rule out any opportunity with strong cash flow potential. They prefer simple capital structures so that their interests are more closely aligned with management. As Kern Whelan principals they demonstrate their commitment to the success of their investors, management and business by typically serving as the largest personal investors in each of their portfolio companies.
GPN Vaccines is a clinical-stage biotechnology company focused on developing a vaccine against Streptococcus pneumoniae, a leading cause of pneumonia, bacteremia, meningitis, and otitis media. The company's innovative vaccine utilizes a gamma-irradiation process to inactivate and kill the bacteria while preserving the surface protein antigens. This method aims to enhance the immune response, offering improved protection against pneumococcal infections. GPN Vaccines seeks to address a critical public health need by providing a vaccine that can significantly reduce the impact of this serious bacterial pathogen.
Quri
Series C in 2015
Quri, Inc. is a retail intelligence company that offers a web application designed to provide businesses with real-time insights into the performance of their products and promotions within retail environments. Founded in 2009 and based in San Francisco, California, Quri enables brands and retailers to enhance the in-store shopper experience, thereby maximizing product revenue and profitability. The company utilizes a nationwide mobile field force of secret shoppers who can be deployed swiftly to any retail location across the United States, delivering actionable data and analytics. By focusing on near real-time analysis of in-store product performance, Quri helps businesses optimize their promotional programs, ensuring they make the most of their marketing investments. As a subsidiary of Trax Technology Solutions Pte Ltd, Quri provides valuable visibility into the retail landscape, serving clients in over 150,000 retail locations across 6,000 cities.
InvestCloud
Series B in 2015
InvestCloud is a prominent provider of digital financial services, focused on transforming the wealth management industry through innovative technology. The company offers a comprehensive platform that supports asset management and wealth management, catering to a diverse range of clients, including wealth and asset managers, banks, and financial advisors. Its solutions are designed to enhance investment knowledge and facilitate effective financial planning, enabling users to achieve higher returns on investments. InvestCloud's commitment to personalization and scalability is evident in its advisory programs, which include unified managed accounts and separately managed accounts. By equipping financial advisors and their clients with advanced technology and data-driven insights, InvestCloud aims to deliver superior digital wealth management experiences. Headquartered in the United States, the company serves a global clientele, representing a significant portion of the world's total assets. In recognition of its leadership in the fintech space, InvestCloud was named one of CNBC's World’s Top Fintech Companies in 2024.
Arcadia Towers
Debt Financing in 2014
Arcadia Towers is a company that builds, manages, and leases wireless towers and rooftops, as well as a variety of wireless infrastructure. It focuses on developing and managing sites for commercial wireless carriers, public safety organizations, utilities, government agencies, local telecommunications companies, fiber service providers, and data centers. The company offers a range of services, including build-to-suit solutions, co-location, rooftop management, municipal partnerships, lease buy-outs, and tower acquisitions, facilitating clients' access to essential wireless infrastructure.
InvestCloud
Series A in 2013
InvestCloud is a prominent provider of digital financial services, focused on transforming the wealth management industry through innovative technology. The company offers a comprehensive platform that supports asset management and wealth management, catering to a diverse range of clients, including wealth and asset managers, banks, and financial advisors. Its solutions are designed to enhance investment knowledge and facilitate effective financial planning, enabling users to achieve higher returns on investments. InvestCloud's commitment to personalization and scalability is evident in its advisory programs, which include unified managed accounts and separately managed accounts. By equipping financial advisors and their clients with advanced technology and data-driven insights, InvestCloud aims to deliver superior digital wealth management experiences. Headquartered in the United States, the company serves a global clientele, representing a significant portion of the world's total assets. In recognition of its leadership in the fintech space, InvestCloud was named one of CNBC's World’s Top Fintech Companies in 2024.
UserTesting
Series B in 2012
UserTesting is a human insights platform that helps organizations make informed, customer-centric decisions by capturing real-time feedback from targeted audiences. The platform enables brands to create and execute user studies, facilitating live conversations that reveal meaningful reactions and insights. By utilizing a video-first approach, UserTesting allows companies to see and hear how real users interact with their products, designs, and services. This capability helps organizations understand customer experiences more deeply, leading to improved decision-making that enhances the customer experience, builds brand loyalty, and ultimately drives revenue growth.
Cohera Medical
Series B in 2008
Cohera Medical, Inc. is a medical device company specializing in the development of surgical adhesives and sealants for various surgical procedures. Founded in 2003 and based in Raleigh, North Carolina, the company offers innovative products such as TissuGlu, a biocompatible surgical adhesive designed for approximating tissue planes in abdominoplasty and other large flap surgeries, and Sylys, a synthetic surgical sealant aimed at reducing anastomotic leakage in gastrointestinal surgeries. TissuGlu is approved for use in the United States and the European Union, while Sylys has received CE Mark approval in Europe for specific applications. Cohera Medical's product line is grounded in a unique chemical design that promotes tissue healing and minimizes fluid accumulation, positioning the company to address various surgical needs across specialties, including plastic, general, and orthopedic surgery. The company continues to expand its portfolio with additional products in development, focusing on surgical mesh adhesives, hemostatic foams, and bone adhesives.
Shopatron
Series B in 2007
A trailblazer in the world of eCommerce, Shopatron was founded in September 2000 and launched in August 2001 by Ed Stevens and Sean Collier. Shopatron’s North American headquarters is located in San Luis Obispo, California, midway between San Francisco and Los Angeles. The company also maintains a European headquarters in Swindon, Wiltshire, United Kingdom. Shopatron is the world’s leading provider of cloud-based, eCommerce order management solutions for branded manufacturers and multi-channel retailers. Working with over 1,000 brands and 20,000 retail partners across more than 40 industries, Shopatron makes it easy and affordable to deploy advanced capabilities like in-store pickup, ship-from-store, inventory lookup, and vendor drop-ship. Shopatron’s retail-friendly solution for branded manufacturers, Shopatron Manufacturer, is the industry standard for manufacturers seeking to expand their online sales. Shopatron is the only solution that allows manufacturers to expand online sales while building tighter relationships with their retailers. The Shopatron Order Exchange allows manufacturers to pass online orders to their retail channel for local in-store pickup and ship-from store fulfillment, giving partners a share of their eCommerce sales. Retailers increase their spend with brands who embrace Shopatron’s eCommerce model, because fulfilling online orders expands their sales and drives qualified traffic into their stores. Shopatron’s solution for multi-channel retailers, Shopatron Retailer, enables retailers to effectively manage fulfillment inventory across online and offline channels, provide online shoppers with broader delivery options, and drive traffic into local stores. Shopatron’s distributed order management model allows multi-channel retailers to fulfill online orders from any store, distribution center, or vendor location, dramatically improving inventory efficiency and making it easy to deploy advanced fulfillment models like in-store pickup and ship-from-store. By delivering online orders through in-store pickup, multi-channel retailers that use Shopatron drive motivated shoppers into local retail stores, where they make additional purchases. With Shopatron, retail channels join forces to increase sales, turn inventory, and deliver a superior purchase experience to online shoppers.
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