From Left: Ger Goold, Partner, Kernel Capital & John Byrne, CEO, Corlytics Limited. Cork, Ireland   08 March 2023 Kernel Capital portfolio company Corlytics have acquired from ING, Dutch regtech platform SparQ.   The addition of SparQ to Corlytics’ technology stack will allow financial service organisations the ability to identify new regulations or threats, construct robust monitoring and oversight controls, and ensure appropriate policies are in place end-to-end.  Corlytics has partnered with ING on SparQ since 2018 and will now support ING businesses globally wi ..read more

From Left: Siggi Saevarsson, Venture Partner, Kernel Capital; Mervyn McCall, Chairman, Changeover Technologies & Ken Flockhart, CEO, Changeover Technologies. 14 November 2022 – In the Press (article in Sync NI) Belfast-based green tech solutions company Changeover Technologies is set to revolutionise carbon-dependent sectors having found a solution to reuse discarded fine particle waste. With over five years in extensive R&D and an upscaled research and development team,  Changeover Technologies has successfully completed a five-tonne-per-hour pilot test plant. The pilot test plan ..read more

Portfolio News – 23 September 2022 We are delighted to confirm that Bank of Ireland Kernel Capital Growth Fund (NI) portfolio companies B-Secur and Datactics have been shortlisted for three awards at the Belfast Chamber Business Awards 2022 in association with Bank of Ireland.  B-Secur have been shortlisted in two categories, the Business Innovation Award and Technology Business of the Year Award with Datactics shortlisted for the International Trade & Export Award. Now in their seventh year, the event which is organised by Belfast Chamber with Bank of Ireland as the Principal Sponsor ..read more

Portfolio News – 26 September 2022 Bank of Ireland Kernel Capital Growth Fund (NI) Portfolio Company Automated Intelligence have been selected as a supplier on the UK Government’s G-Cloud 13 Public Sector Framework.  For the 13th time running, Automated Intelligence has been confirmed as a supplier on the UK Government’s G-Cloud service.   G-Cloud 13 is the latest edition of the ‘Digital Marketplace’ framework which provides a procurement platform for public sector bodies to purchase cloud hosting, software and support services within the UK.   Automated Intelligence has been named as a p ..read more

From Left: Frank Smyth, Co-founder & CTO, Pilot Photonics; William Oppermann, CEO, Pilot Photonics; Leo Clancy, Chief Executive, Enterprise Ireland & Denise Sidhu, Partner, Kernel Capital. (Displaying design of Pilot’s ultra-high speed photonics telecommunications chip design Kernel Capital through The Bank of Ireland Kernel Capital Growth Fund II confirms a €1.8M investment in Pilot Photonics Ltd, a Dublin City University (DCU) spin-out Company. Photonics is the science of light and it is one of the key enabling technologies of the 21st Century. Now ubiquitous, photonics is used in m ..read more

Kernel Capital through The Bank of Ireland Kernel Capital Growth Funds (NI) has led an £1.5m investment in Queens University Belfast (QUB) campus company, Causeway Sensors. The investment comprised of £1.3M from the Bank of Ireland Kernel Capital Growth Fund NI and £250k from existing investor QUBIS. To make a new biological drug, pharmaceutical companies need to screen millions of candidates and to highly characterise potential leads. Current instrumentation can only capture this critical data after protracted incubation periods. This increases the lead time and risk in taking a drug to marke ..read more

Kernel Capital are pleased to confirm that Altratech Ltd has completed a €5M investment round led by The Bank of Ireland Kernel Capital Growth Fund and Infinity Capital each investing €1.5M, Enterprise Ireland invested €500k and  Claret Capital are providing €1.5M venture debt facility.  “We are delighted to see the Bank of Ireland Kernel Capital Growth Fund lead this substantial investment in Altratech Limited.  Altratech is a deep research company led by a seasoned team with a strong track record of success.  Enterprise Ireland is proud to support this cutting-edge health ..read more

Kernel Capital confirms, that through The Bank of Ireland Kernel Capital Growth Fund II it has completed a further significant investment in Dundalk-based Nova Leah. This investment is part of a substantial round that includes new investor Northwell Ventures, the investment arm of Northwell Health, New York State’s largest healthcare provider. Additional funding has also been provided Sure Valley Ventures and Enterprise Ireland. The investment round will enable Nova Leah, who also have offices in the US, significantly expand its market reach. Kernel Capital is Nova Leah’s largest institutional ..read more

Kernel Capital confirm that Dedalus Group, a leading international healthcare software solutions provider, has acquired Kildare-based Swiftqueue Technologies Limited, a Kernel Capital portfolio company which specialises in hospital appointment and queue management. In addition Kernel Capital confirm that in recent weeks its portfolio company Oncomark, which is developing a prognostic test for breast cancer, has been acquired by an undisclosed international buyer.   Both Swiftqueue and OncoMark as early stage companies received €650k investment from The Bank of Ireland Seed and Early Stage ..read more

Kernel Capital are pleased to confirm that portfolio company B-Secur Ltd, a Belfast-based health tech company, has completed a total raise of £8.8 million (USD $12 million) of investment in 2021, with the latest round led by US-based First Capital Ventures and The Bank of Ireland Kernel Capital Growth Fund NI increasing its investment level to £2.2M with other existing investors also participating. B-Secur has developed a world first software technique that uses an individual’s unique heartbeat pattern, known as electrocardiogram (ECG) in everyday technologies to securely identify, and provide ..read more