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Venture Capital
kernel-capital.com

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Investments

78

Portfolio Exits

9

Funds

7

About Kernel Capital

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

Headquarters Location

Rubicon Centre Rossa Avenue, Bishopstown

Cork,

Ireland

+353 (0)21 4928974

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Latest Kernel Capital News

DCU spin-out Pilot Photonics scores €1.8m investment

Mar 25, 2022

The company said its comb laser technology can be utilised in markets such as telecoms, automotive, aerospace and energy.Dublin City University spin-out Pilot Photonics has received a €1.8m investment from Kernel Capital, through the Bank of Ireland Kernel Capital Growth Fund II.The former SiliconRepublic.com Start-Up of the Week has developed ‘comb laser’ technology.Using a patented gain switching technique, Pilot Photonics said it can generate and manipulate waves of light with exceptional precision and effectively create multiple lasers from a single device.Pilot Photonics’ technology is based on more than 10 years of research and development undertaken at Dublin City University, Trinity College Dublin and Tyndall National Institute. Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.

Kernel Capital Investments

78 Investments

Kernel Capital has made 78 investments. Their latest investment was in Gigable as part of their Seed VC - II on June 6, 2022.

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Kernel Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/1/2022

Seed VC - II

Gigable

$1.59M

Yes

2

3/24/2022

Unattributed VC - II

Pilot Photonics

$1.98M

No

3

3/15/2022

Unattributed VC

Causeway Sensors

$1.97M

No

7

1/25/2022

Series B

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$99M

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10

12/13/2021

Unattributed - II

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$99M

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10

Date

6/1/2022

3/24/2022

3/15/2022

1/25/2022

12/13/2021

Round

Seed VC - II

Unattributed VC - II

Unattributed VC

Series B

Unattributed - II

Company

Gigable

Pilot Photonics

Causeway Sensors

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Amount

$1.59M

$1.98M

$1.97M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

2

3

7

10

10

Kernel Capital Portfolio Exits

9 Portfolio Exits

Kernel Capital has 9 portfolio exits. Their latest portfolio exit was OncoMark on December 16, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/16/2021

Acquired

$99M

4

11/16/2021

Acquired

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$99M

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10

7/22/2021

Acquired

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$99M

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10

1/30/2020

Acquired

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$99M

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10

12/10/2019

Acquired

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$99M

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10

Date

12/16/2021

11/16/2021

7/22/2021

1/30/2020

12/10/2019

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

10

10

10

10

Kernel Capital Fund History

7 Fund Histories

Kernel Capital has 7 funds, including The Bank of Ireland Kernel Capital Growth Fund (NI).

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/24/2013

The Bank of Ireland Kernel Capital Growth Fund (NI)

$42.8M

3

10/24/2013

Bank of Ireland Kernel Capital Growth Fund

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$99M

10

2/3/2011

Bank of Ireland MedTech Accelerator Fund

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$99M

10

12/31/2010

Bank of Ireland Start-Up and Emerging Sectors Equity Fund 2010

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10

11/9/2009

Bank of Ireland Seed and Early Stage Equity Fund

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$99M

10

Closing Date

10/24/2013

10/24/2013

2/3/2011

12/31/2010

11/9/2009

Fund

The Bank of Ireland Kernel Capital Growth Fund (NI)

Bank of Ireland Kernel Capital Growth Fund

Bank of Ireland MedTech Accelerator Fund

Bank of Ireland Start-Up and Emerging Sectors Equity Fund 2010

Bank of Ireland Seed and Early Stage Equity Fund

Fund Type

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Status

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Amount

$42.8M

$99M

$99M

$99M

Sources

3

10

10

10

10

Kernel Capital Team

3 Team Members

Kernel Capital has 3 team members, including current Chief Financial Officer, Denise Sidhu.

Name

Work History

Title

Status

Denise Sidhu

Chief Financial Officer

Current

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Name

Denise Sidhu

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Work History

Title

Chief Financial Officer

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Status

Current

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