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The Venture Codex

Kernel Capital

Rubicon Centre, Rossa Avenue, Bishopstown, Cork, Co. Cork, T12 Y275, Ireland

Overview

Independent manager of venture capital funds in Ireland.

Founded

1999

Deals · 12mo

0

Links

WebsiteLinkedInX (Twitter)

Stage focus

—

Geographic focus

Ireland
United Kingdom
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

50rounds
NAMEDATESIZE
Cirdan
Oct 2023Led
$3 MOther Equity
Pilot Photonics
Mar 2022Led
$2 MOther Equity
B-Secur
Nov 2021Led
$12 MOther Equity
Kianda
Oct 2021Led
$2 MOther Equity
Datactics
May 2021Participated
$3 MSeries A
B-Secur
Sep 2020Participated
$2 MSeries A
Code Institute
Mar 2020Led
$1 MOther Equity
Automated Intelligence
Aug 2019Led
$2 MOther Equity
B-Secur
Mar 2019Led
$5 MOther Equity
Pretto
Feb 2019Participated
$9 MSeries A
Sytorus
Sep 2018Led
$2 MOther Equity
Pilot Photonics
Feb 2018Led
$1 MOther Equity
Cirdan
Oct 2023Led
$3 MOther Equity
Pilot Photonics
Mar 2022Led
$2 MOther Equity
B-Secur
Nov 2021Led
$12 MOther Equity
Kianda
Oct 2021Led
$2 MOther Equity
Datactics
May 2021Participated
$3 MSeries A
B-Secur
Sep 2020Participated
$2 MSeries A
Code Institute
Mar 2020Led
$1 MOther Equity
Automated Intelligence
Aug 2019Led
$2 MOther Equity
B-Secur
Mar 2019Led
$5 MOther Equity
Pretto
Feb 2019Participated
$9 MSeries A
Sytorus
Sep 2018Led
$2 MOther Equity
Pilot Photonics
Feb 2018Led
$1 MOther Equity
50
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Insights

Time horizon

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Deal Distribution

Kernel Capital: 50 funding rounds are recorded in the selected participation categories.All available history.
Kernel Capital: 50 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed23
Series A24
Other Equity345

Monthly Deal Activity

Kernel Capital: 50 deals are recorded across 204 months.All available history.
Kernel Capital: 50 deals are recorded across 204 months. All available history
MonthDeals
Nov '091
Dec '090
Jan '100
Feb '100
Mar '100
Apr '100
May '100
Jun '100
Jul '100
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '112
Jul '111
Aug '110
Sep '111
Oct '112
Nov '110
Dec '110
Jan '121
Feb '121
Mar '121
Apr '120
May '121
Jun '120
Jul '120
Aug '120
Sep '121
Oct '121
Nov '120
Dec '121
Jan '131
Feb '130
Mar '130
Apr '131
May '131
Jun '130
Jul '130
Aug '131
Sep '131
Oct '130
Nov '131
Dec '130
Jan '141
Feb '140
Mar '140
Apr '141
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '141
Nov '141
Dec '140
Jan '150
Feb '151
Mar '150
Apr '150
May '150
Jun '151
Jul '150
Aug '150
Sep '150
Oct '151
Nov '150
Dec '150
Jan '160
Feb '161
Mar '160
Apr '161
May '161
Jun '160
Jul '161
Aug '160
Sep '160
Oct '161
Nov '160
Dec '161
Jan '171
Feb '171
Mar '171
Apr '170
May '170
Jun '171
Jul '171
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '181
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '181
Oct '180
Nov '180
Dec '180
Jan '190
Feb '191
Mar '191
Apr '190
May '190
Jun '190
Jul '190
Aug '191
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '201
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '201
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '211
Jun '210
Jul '210
Aug '210
Sep '210
Oct '211
Nov '211
Dec '210
Jan '220
Feb '220
Mar '221
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Kernel Capital: Health & Life Sciences is the largest displayed sector by deal count (17 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Kernel Capital: Health & Life Sciences is the largest displayed sector by deal count (17 deals). All available history
SectorDeals
Health & Life Sciences17
Networks, Cloud & Communication14
Enterprise Software10
Hardware & Robotics10
Space & Frontier Tech9
Data, Analytics & IT7
Developer Tools7
Cybersecurity & Privacy6
Manufacturing5
Professional Services5
Fintech4
Media & Entertainment4
Education & Workforce3
Travel & Hospitality2
Government & Defense2
AR/VR2
Clean Energy & Sustainability2
Consumer & Lifestyle2
AI & Machine Learning2
Food & Agriculture1
Social & Community Platforms1

Deal Size Distribution

Kernel Capital: 50 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Kernel Capital: 50 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M45
$5M-$10M4
$10M-$25M1
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Kernel Capital: Europe has the largest recorded deal count among the displayed regions (47 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Kernel Capital: Europe has the largest recorded deal count among the displayed regions (47 deals). All available history
RegionDeals
Europe47
United States3
Kernel Capital: 20 co-investors are shown, with Enterprise Ireland sharing 23 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Kernel Capital: 20 co-investors are shown, with Enterprise Ireland sharing 23 recorded deals. All available history
Co-investorShared deals
Enterprise Ireland23
Accelerated Digital Ventures3
Infinity Capital3
Bank of Ireland2
Clarendon Fund Managers2
Act Venture Capital1
AIB1
Alven1
BES1
BlackFin Capital Partners1
British Business Bank1
Business Venture Partners1
Clarendon1
Composite Capital1
Duval1
Enterprise Equity1
First Capital Ventures1
Furthr1
Gaingels1
Glanbia1

Investment Strategy

Kernel Capital: Led accounts for 76% and participating for 24% of round participation.All available history.
Kernel Capital: Led accounts for 76% and participating for 24% of round participation. All available history
CategoryDeals (count)Share (%)
Led3876%
Participating1224%
Kernel Capital: Single-lead accounts for 76% and co-led for 24% of lead dynamics.All available history.
Kernel Capital: Single-lead accounts for 76% and co-led for 24% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2976%
Co-led924%

Team

Alan Seacy

Financial Controller

Brendan Vaughan

Senior Investment Executive

Dawn Guiney

Marketing Manager

Denise Sidhu

Finance Director and Partner

Ger Goold

Partner & COO

Padraic White

Team Member

Siggi Saevarsson

Partner

Tim Cummins

Entrepeneur in Residence