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.

Orla Rimmington

Partner

Siggi Saevarsson

Venture Partner

Past deals in Ireland

Pilot Photonics

Venture Round in 2022
Founded in 2011, Pilot Photonics specializes in developing and licensing comb source laser technology. Its primary products include prototypes, reference designs, and technology licenses for photonic integrated circuits (PICs), offering applications across various sectors such as telecommunications, medical devices, manufacturing, and aerospace.

AltraTech

Venture Round in 2021
AltraTech designs biosensors and semiconductor chips for DNA testing to support food traceability in the agriculture sector. Incorporated in 2013 and based in Shannon, Ireland, the company also develops a portable viral detection device that combines enrichment and semiconductor techniques to match the sensitivity and specificity of PCR in a compact form, enabling rapid and accurate measurement of viral DNA, RNA, antigens, or antibodies for diagnostics.

Nova Leah

Venture Round in 2021
Nova Leah Ltd, founded in 2015 and headquartered in Dundalk, Ireland with an additional office in Boston, Massachusetts, specializes in developing SelectEvidence, a comprehensive cybersecurity risk analysis and management solution tailored for medical device manufacturers and healthcare providers. The company offers continuous software updates, 24/7 technical support, and online platform training to ensure the security assurance of medical devices throughout their lifecycle. Nova Leah's approach emphasizes knowledge development, sharing, and collaboration to enhance cybersecurity compliance in the medical field.

Nova Leah

Venture Round in 2018
Nova Leah Ltd, founded in 2015 and headquartered in Dundalk, Ireland with an additional office in Boston, Massachusetts, specializes in developing SelectEvidence, a comprehensive cybersecurity risk analysis and management solution tailored for medical device manufacturers and healthcare providers. The company offers continuous software updates, 24/7 technical support, and online platform training to ensure the security assurance of medical devices throughout their lifecycle. Nova Leah's approach emphasizes knowledge development, sharing, and collaboration to enhance cybersecurity compliance in the medical field.

Pilot Photonics

Venture Round in 2018
Founded in 2011, Pilot Photonics specializes in developing and licensing comb source laser technology. Its primary products include prototypes, reference designs, and technology licenses for photonic integrated circuits (PICs), offering applications across various sectors such as telecommunications, medical devices, manufacturing, and aerospace.

AltraTech

Venture Round in 2017
AltraTech designs biosensors and semiconductor chips for DNA testing to support food traceability in the agriculture sector. Incorporated in 2013 and based in Shannon, Ireland, the company also develops a portable viral detection device that combines enrichment and semiconductor techniques to match the sensitivity and specificity of PCR in a compact form, enabling rapid and accurate measurement of viral DNA, RNA, antigens, or antibodies for diagnostics.

OncoMark

Venture Round in 2017
OncoMark Limited, founded in 2007 and based in Dublin, Ireland, specializes in the discovery and development of diagnostics and therapeutic targets for cancer patients. As a spin-out from University College Dublin, the company focuses on creating companion diagnostic tests that enhance patient stratification in cancer drug development. These tests aid pharmaceutical companies in identifying patients for whom specific drugs are most likely to be effective, thereby improving clinical trial efficiency and success rates. OncoMark's portfolio includes tissue-based biomarker assays and a Biomarker Interpretation Workflow platform that automates various analyses, such as survival assessments and interpretation of immunohistochemistry staining. The company's diagnostic tests cover major cancer types, including breast, colorectal, prostate, and melanoma, and are supported by significant EU research and development funding. Led by CEO Dr. Mairin Rafferty, OncoMark is committed to improving treatment outcomes and quality of life for cancer patients.

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
PolyPico Ltd is a Cork, Ireland-based company specializing in innovative fluid dispensing technology, stemming from five years of research at the University of Limerick. The company designs and manufactures advanced fluid dispensing solutions for both Life Science and Industrial applications. Recognized as a leading microdispensing specialist, PolyPico's technology is utilized by renowned institutions such as NASA and Harvard. Its core platform focuses on non-contact ultra-low volume acoustic dispensing, enabling precise liquid handling with features that address issues like cross-contamination and dispenser clogging. PolyPico's versatile solutions include both standard and customized services, utilizing simple disposable dispensing cartridges to enhance usability and reduce waste. The company's multidisciplinary team possesses expertise in micro-fluidics, electronics, software development, mechanical engineering, and biotechnology, driving ongoing research and development to revolutionize the dispensing of bio-materials and other liquids.

Zeto

Venture Round in 2016
Zeto is an Irish company established in 2013, specializing in designing and developing platforms for managing commercial refrigeration equipment in supermarkets. Its primary offering, the Fusion platform, enables users to enhance energy efficiency, monitor equipment through advanced alarm management, access real-time analytics via standard browsers, generate customizable HACCP reports, and facilitate multi-vendor refrigeration management through a Software-as-a-Service model. Additionally, Zeto operates the Integra platform, allowing wireless management of refrigeration equipment from any web-enabled device for supermarket owners, maintenance contractors, and original equipment manufacturers (OEMs). The company aims to address industry challenges such as rising operating costs, increasing food safety regulations, and high energy expenses by providing innovative, wireless hardware solutions.

Swiftqueue

Seed Round in 2015
swiftQueue, founded in 2011 by Brendan Casey and Declan Donohoe, is a cloud-based healthcare appointment and patient engagement platform that aims to enhance the operational efficiency of healthcare clinics within hospitals in Ireland and the UK. The platform offers features such as online appointments, electronic referrals, and real-time metrics, facilitating better interaction between patients and healthcare providers. By empowering patients with self-service portal functionality and automating patient flow, swiftQueue improves clinic management through real-time dashboards and streamlined workflows. The company has successfully reduced 'did not attends' rates and patient waiting times while enhancing overall patient engagement. Having processed over 1 million healthcare appointments in 2015, swiftQueue anticipates significant growth in appointment numbers. The company continues to expand its customer base and is actively developing new features to further improve the patient experience and clinic efficiency, including plans for the introduction of its Smart Hospitals platform.

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.

Amtivo (formerly Certification Europe)

Venture Round in 2014
The Amtivo brand was established in Ireland in July 2024 following the Group’s acquisition of two highly regarded Irish certification bodies, Certification Europe and EQA. The same Ireland-based teams you know and love from both organisations remain – they simply have a new identity as part of the Amtivo family.

Arralis

Seed Round in 2014
Arralis Ltd. is a technology company based in Limerick, Ireland, specializing in high-frequency semiconductor chips for the aerospace and security sectors. Founded in 2013, the company is recognized for its expertise in Monolithic Microwave Integrated Circuits (MMICs), packaged component modules, and proprietary antenna technology. Arralis develops custom phased array antenna systems, micro and millimeter-wave technology systems, and various test systems tailored for communications, satellite, and defense markets. Its products are designed for both terrestrial and space applications, ensuring high precision and reliability. Additionally, Arralis collaborates with other leading technology providers to create bespoke, high-performance solutions that align with clients' strategic objectives, thereby enhancing their operational capabilities.

MPSTOR

Venture Round in 2014
MPSTOR Ltd. is a technology company specializing in the development of storage and cloud management software products. Founded in 2005 and headquartered in Bishopstown, Ireland, with additional offices in the United States and Taiwan, MPSTOR offers solutions under the Orkestra brand. These include a storage array management system, a software-defined storage framework, and a turnkey cloud management platform, all designed to enhance the resiliency and security of data storage. The company's patented Virtual Block Store technology enables flexible and scalable deployment of storage services across shared hardware, catering to the needs of data centers, original equipment manufacturers, and system integrators. MPSTOR's products facilitate efficient information lifecycle management, allowing clients to optimize their storage capabilities while reducing operational and capital expenses.

AltraTech

Seed Round in 2014
AltraTech designs biosensors and semiconductor chips for DNA testing to support food traceability in the agriculture sector. Incorporated in 2013 and based in Shannon, Ireland, the company also develops a portable viral detection device that combines enrichment and semiconductor techniques to match the sensitivity and specificity of PCR in a compact form, enabling rapid and accurate measurement of viral DNA, RNA, antigens, or antibodies for diagnostics.

PicStash

Seed Round in 2014
PicStash provides an affordable public relations tool designed to enhance brand visibility while minimizing costs. The platform facilitates easy access for journalists to view the latest products and press releases, promoting efficient sharing both within Ireland and internationally. By streamlining the process of brand exposure, PicStash helps businesses effectively communicate their offerings to a wider audience.

TCAS Online

Seed Round in 2013
TCAS Online is a leading provider of Student Accommodation Management Systems in Ireland, commanding over 65% of the market share for student beds. The company specializes in developing property management software that streamlines accommodation management for universities, third-level institutions, and private operators, significantly reducing administrative overheads by more than 60%. TCAS Online's offerings include unique mobile applications and a self-service accommodation portal that facilitate daily tasks such as inventory checks, maintenance management, and campus security. Their highly configurable software operates seamlessly across clients' internet and intranet platforms, available as either a Software as a Service (SaaS) or traditional license model. In addition to serving many prominent educational institutions in Ireland, TCAS Online has expanded its presence to the UK, acquiring clients in major 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 is a Dublin‑based company that connects clinicians, academics, engineers and industry specialists to identify unmet medical needs and develop new medical device technologies. It offers a structured six‑phase service that supports inventors and small‑to‑medium enterprises through concept, pre‑clinical, clinical trials, regulatory approval and market launch. The firm works across specialties such as surgical instrumentation, interventional devices, electro‑medical implants and orthopedics, and assists clients in obtaining CE marks and FDA approvals. Founded in 2012, i360medical leverages its network of experts to accelerate the translation of ideas into commercially viable products for the EU and US markets.

In Hand Guides

Venture Round in 2012
In Hand Guides Ltd. is a company based in Crosshaven, Ireland, that specializes in creating devices designed to deliver customized audio content. Established in 2005, the company provides a range of audio solutions, including tourism audio players that offer information and promotion for city and conference guides. Their products also serve the retail sector as audio guides or souvenirs, and they cater to event and corporate needs by delivering branding and client information. Additionally, In Hand Guides develops health and lifestyle audio devices aimed at disseminating information on critical health issues, improving compliance, and promoting lifestyle choices. The company further enhances its offerings with audio production services, including voiceover and translation in multiple languages.

Wavebreak Media

Venture Round in 2012
Wavebreak Media is an Irish company based in Cork City, founded in 2006, specializing in the production and distribution of high-quality visual content. The company offers an extensive online library of stock video footage, photography, images, customizable templates, graphic designs, slow motion videos, 3D animations, and after effects projects. All materials are royalty-free, broadcast quality, and available in high definition. Wavebreak Media caters to industry professionals such as film production companies, web designers, graphic artists, art directors, and corporate marketing teams, providing them with instant access to a wide range of visual content for use in various media productions. The company employs a team of artists, producers, and technical experts to maintain the quality and diversity of its offerings.

neoSurgical

Venture Round in 2011
neoSurgical Limited is an Irish company focused on developing innovative medical devices specifically for laparoscopic abdominal surgery. Established in 2007 and located in Campus, Ireland, neoSurgical has created the neoClose technology, which is designed to assist surgeons by enhancing the safety and efficiency of closing laparoscopic incision sites. This product aims to reduce the risk of herniation complications associated with laparoscopic procedures, thereby improving patient outcomes. Through its commitment to technical innovation, neoSurgical seeks to address challenges within the surgical devices industry.

BioAtlantis

Venture Round in 2010
BioAtlantis is a biotechnology company specializing in the development and production of nutraceutical ingredients derived from seaweed molecules. These ingredients are designed for use in plant, human, and animal markets across Europe, Asia, and South America. Incorporated in 2003, BioAtlantis is headquartered in Tralee, Ireland.

Sonru

Venture Round in 2010
Sonru Limited is an online video technology company based in Wexford, Ireland, with additional offices in the UK, Australia, France, New Zealand, Singapore, and Dubai. Founded in 2007, Sonru specializes in automated online video interview solutions that streamline the recruitment process by replacing traditional first-round phone and in-person interviews. Its technology allows interviewers to design specific questions tailored to job roles, competencies, and cultural fit, while candidates can record their responses from mobile devices. The company's offerings include tools for recruitment, education, customer relationship management, and training. Notably, Sonru for schools provides various services such as career guidance, interview preparation, and language training for students and educators. With a rapidly growing global client base, Sonru has established a reputation for enhancing the efficiency and effectiveness of hiring practices across various sectors.

ResourceKraft

Seed Round in 2010
ResourceKraft is an energy management technology company that develops and supplies software-driven products for electronics, computing, and energy sectors. Its flagship ResourceKraft Advisor is a computerized measurement and analysis system that uses sensors and metering technology to collect data on energy and resource usage and analyzes it in real time to help organizations identify waste and reduce consumption. Founded in 2007 and based in Limerick, Ireland, ResourceKraft's software identifies energy use and waste, reduces costs, and remotely controls output while complying with regulatory and industry standards. It also offers Net Zero, carbon and sustainability strategy services, enabling organizations to deploy and monitor energy data across urban and rural locations.

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 technology company specializing in the development of storage and cloud management software products. Founded in 2005 and headquartered in Bishopstown, Ireland, with additional offices in the United States and Taiwan, MPSTOR offers solutions under the Orkestra brand. These include a storage array management system, a software-defined storage framework, and a turnkey cloud management platform, all designed to enhance the resiliency and security of data storage. The company's patented Virtual Block Store technology enables flexible and scalable deployment of storage services across shared hardware, catering to the needs of data centers, original equipment manufacturers, and system integrators. MPSTOR's products facilitate efficient information lifecycle management, allowing clients to optimize their storage capabilities while reducing operational and capital expenses.

Equiendo

Series A in 2009
Founded in 2005, Equiendo specializes in developing intelligent software solutions for the mobile telecommunications industry. Its flagship product, EquiTraf, is a capacity management and dimensioning software solution designed to help networks make data-driven decisions and meet growing traffic demands.

Stokes Bio

Venture Round in 2009
Stokes Bio is an Irish company established in 2005 that specializes in the development and distribution of microfluidic technology. The firm focuses on advancing gene expression measurement and gene target detection, employing its innovative microfluidics solutions to enhance life science research and molecular diagnostics. In 2010, Stokes Bio was acquired by Life Technologies, which expanded its reach and capabilities in the field. Through its commitment to improving scientific research methodologies, Stokes Bio aims to significantly contribute to advancements in molecular diagnostics.

Thérapie Clinic

Venture Round in 2009
Thérapie Clinic is a prominent aesthetic clinic specializing in non-surgical procedures, including Botox, fillers, laser hair removal, and various skin treatments. Operating in Ireland, the UK, and India, the clinic utilizes advanced medical-grade laser technology to provide effective hair removal and result-oriented skin treatments. Clients benefit from free initial consultations to address their concerns and receive tailored treatment plans aimed at enhancing their appearance, toning, and firming their bodies. With a focus on delivering high-quality, image-enhancing services, Thérapie Clinic has established a reputation for excellence in the aesthetic industry.

Stokes Bio

Venture Round in 2008
Stokes Bio is an Irish company established in 2005 that specializes in the development and distribution of microfluidic technology. The firm focuses on advancing gene expression measurement and gene target detection, employing its innovative microfluidics solutions to enhance life science research and molecular diagnostics. In 2010, Stokes Bio was acquired by Life Technologies, which expanded its reach and capabilities in the field. Through its commitment to improving scientific research methodologies, Stokes Bio aims to significantly contribute to advancements in molecular diagnostics.
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