🦊/Investors

Clarendon Fund Managers Ltd.

Venture capital

Belfast · Pre-Seed–Growth · 13 people tracked

Also known as Caroline Venture Management Limited · Dialmode (168) Limited

Find your way into Clarendon Fund Managers Ltd.

1,010 people in our graph share verified history with the Clarendon Fund Managers Ltd. team — schools, employers, funds. One of them is your warm intro.

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Investment thesis

Clarendon Fund Managers operates regional venture capital funds focused on Northern Ireland, backing ambitious teams leading high-growth companies across start-up, early-stage, growth and expansion phases. Through the Investment Fund for Northern Ireland (part of the British Business Bank's Nations and Regions programme), it makes equity investments of £250k to £3m. It also manages Co-Fund NI, which co-invests alongside business angels and syndicates, matching 35% against 65% private capital. Legacy funds (Viridian Growth Fund and Nitech Growth Fund) targeted IT, manufacturing, tradable services and R&D-led commercialisation but are no longer making new investments. The firm aims to expand the supply and diversity of early-stage finance across Northern Ireland.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Growth
Check
$25K – $3.9M
HQ
Belfast, GB
Instruments
Equity · Debt
Founded
2001
Last 12 months
3 investments
AUM
$122.2M
Net assets · FY2024
$369.4K
Tracked investments
99
Acquisitions
1

Team · 13 people

from the firm's website & public directories

What they invest in

from 90 of 99 portfolio companies

SaaS ×30Healthtech ×26Enterprise Software ×23AI & Machine Learning ×21Biotech ×19Consumer ×17Hardware ×15Medical Devices ×15

HQs:United Kingdom×59Ireland×4United States×3European Union×1

Who they back

founder profiles across 47 portfolio companies
64%
solo founders
30 of 47 mapped founding teams
29%
repeat founders
of 38 founders with career history

Founding team size:solo founder×302 founders×143 founders×24+ founders×1

Where their founders studiedfrom 33 founders with education data

Queen's University Belfast ×7Ulster University ×5Chartered Accountants Ireland ×3Massachusetts Institute of Technology ×3University of Glasgow ×3MIT Sloan Executive Education ×2MIT Sloan School of Management ×2Queens University Belfast ×2

What their founders studiedfrom 35 founders with field-of-study data

Business & Management ×16Finance & Accounting ×7Engineering ×6Economics ×4Computer Science ×3Life Sciences ×3Social Sciences ×2

Where their founders worked beforefrom 38 founders with career history

Catalyst Inc HQ ×3Business in the Community Northern Ireland ×2Macquarie Group ×2Ulster Bank ×2

4 founders hold a PhD · 4 hold an MBA (of 35 with degree data)

Investments · 99 tracked

founders shown can be your intro path

By year:2026 · 22025 · 22024 · 22022 · 32021 · 110 dated

Adoreboardadoreboard.comin

Adoreboard is a customer experience analytics platform that uses purpose-built AI to analyze customer and employee feedback, quantify emotional intensity into a Trust Score, and link CX themes to revenue impact.

AI & Machine LearningMarketing TechSaaSBelfast, GB

Aflo Analyticsafloanalytics.comin𝕏

Aflo develops a smart inhaler device that teaches patients correct inhalation technique and monitors their usage patterns alongside air quality data to support respiratory condition management.

AI & Machine LearningDigital HealthHealthtechMedical DevicesBelfast, GB

Dr Susan Kelly(CEO and Co-founder)Prof Liam McDaid(R&D Head and Co-founder)

Co-investorsInnovate UKQUBISAngel Academe

Amplygetamply.coinSep 2022

Amply is a store operations platform that moves daily retail workflows from paper and spreadsheets into a single app, offering task checklists, scheduled SOPs, digital store visit audits, a communication feed, and AI-powered image verification for visual merchandising.

AI & Machine LearningRetail TechSaaS

Anshul Goyal(Founder)in

Co-investorsIIMA VenturesBritish Business BankQUBISTechstarsTwin Path Venturesventure / science

AMPLY Discoveryamplydiscovery.comin

AMPLY Discovery is a UK-based biotech company that uses AI and computational biology to identify therapeutic targets in non-coding regions of the genome and develop first-in-class drugs through an integrated discovery platform combining machine learning with wet-lab validation.

AI & Machine LearningBiotechDeep TechHealthtechBelfast, GB

Oliver Rausch(CSO)in

Co-investorsTechstarsTwin Path VenturesQUBIS

analytics-enginesanalyticsengines.comin𝕏

Analytics Engines is a data and AI consulting firm that works with organizations to uncover insights from their data and build custom solutions to address complex business challenges.

AI & Machine LearningData & InfrastructureEnterprise SoftwareBelfast, GB

Dr Scott Fischaber(Chief Operating Officer)Matthew Russell(Head of Engineering)in

BoardDr Aislinn Rice(Non Executive Director)

Co-investorsCrescent CapitalQUBIS

Angokaangoka.io

ANGOKA provides secure machine-to-machine communications for robotic, autonomous, and mission-critical systems operating across air, land, maritime, space, and critical infrastructure.

CybersecurityDefense TechIoTBelfast, GB

Shadi Razak(Founder)

Co-investors24 HaymarketJenson VenturesSeraphim Space

Antennawareantennaware.co.ukin𝕏

AntennaWare designs antennas specialized for wearable devices, addressing the unique electromagnetic and form-factor constraints that general-purpose antennas fail to meet.

ConsumerDeep TechHardwareIoTCambridge, GB

Gareth

Co-investorsQUBIS

Aramunearamune.com𝕏May 2022

Aramune develops pharmaceutical and nutraceutical products targeting diseases including diabetes, obesity, cardiovascular disease, and neurodegenerative conditions.

AgTechBiotechFoodTechHealthtechMedical DevicesBelfast, GB

Brian(Professor of Molecular Nutrition)Chris Nicklin

BoardStuart

Co-investorsQUBIS

auditcomplyauditcomply.comin𝕏

Nulogy provides a manufacturing operating system that consolidates production, quality, compliance, supplier management, and traceability for food and beverage, CPG, life sciences, co-packing, and industrial manufacturers.

Advanced ManufacturingAI & Machine LearningEnterprise SoftwareFoodTechSaaS

Axial 3Daxial3d.comin𝕏

Axial3D develops an AI-powered platform that converts medical imaging data into precise 3D models for surgical planning and personalized patient care.

AI & Machine LearningCloud ComputingDigital HealthHealthtechMedical Devices

Dan Crawfordin

Co-investorsTechstart Ventures

B-Securb-secur.comin𝕏Nov 2021 · $12M

B-Secur provides ECG signal sensing and algorithm software for wearable and medical device manufacturers, supporting electrode design, regulatory compliance, and clinical validation from prototype through FDA submission.

AI & Machine LearningDigital HealthHealthtechIoTMedical DevicesSaaS

Alan Foreman(Chief Executive Officer)inAdrian Condon(Chief Technology Officer)inDavid Brown(Chief Operating Officer)inThompson Godfrey(Chief Product Officer)in

Co-investorsKernel CapitalAccelerated Digital VenturesADV

Bia Analyticalbia-analytical.comin𝕏

Bia Analytical combines spectroscopy, chemometrics, and cloud technology to analyze scientific data and verify the authenticity of commodities such as herbs and spices across the supply chain.

AgTechAI & Machine LearningData & InfrastructureDeep TechFoodTechBelfast, GB

Chris Elliott

Co-investorsInnovate UKQUBIS

Biomarxbiomarx.co.ukinJan 2026

Biomarx develops automated liquid biopsy diagnostics using biosensing technologies for early cancer and disease detection, delivering test results in under two hours at low cost.

BiotechDigital HealthMedical Devices

Sean Macfarlane(Founder)in

Co-investorsSFC CapitalTechstart Ventures

Blinkytheblinkycompany.com

The Blinky Company manufactures sun and sleep shades for baby strollers and prams that block UV rays and provide portable nap protection for infants and toddlers during outdoor activities.

Circular EconomyConsumerDirect to ConsumerE-commerceHardware

Olivia Farnan(Founder)in

boatyardboatyarddistillery.com𝕏

The Boatyard Distillery produces spirits, including limited edition releases.

Consumer

Broker IQbrokeriq.co.ukin

BrokerIQ (now Yavia) is a customer engagement platform that connects businesses directly with their clients, offering tools for engagement, automation, and client retention.

Marketing TechSaaS

bubblebumbubblebum.co

BubbleBum designs portable, inflatable-style booster seats for families who travel, rideshare, fly, and rent cars.

ConsumerDirect to ConsumerE-commerceHardwareMobility & Transportation

Cadsharecadshare.comin𝕏

CADshare provides a digital platform for aftermarket spare parts ordering and remote customer support, enabling equipment manufacturers to deliver post-sales service through an online portal with searchable parts catalogs and live technical assistance.

Advanced ManufacturingE-commerceEnterprise SoftwareSaaS

Chris Acheson(CEO & Founder)in

Cartoncarecartoncare.co.uk

CartonCare produces printed cartons and packaging for brands in the healthcare, pharmaceutical, and food industries, including brand-protection features.

Advanced ManufacturingNew Materials

changeoverchangeovertechnologies.comin𝕏

Changeover Technologies develops pelletising technology to recover waste materials from industrial processes, particularly silicon refining, and reintroduce them into the circular economy to reduce waste and CO2 emissions.

Circular EconomyCleantechClimate TechNew MaterialsBelfast, GB

Ken Flockhart(CEO)in

Co-investorsKernel Capital

CIGAcigahealthcare.com𝕏

CIGA Healthcare is a family-owned manufacturer of rapid diagnostic and self-test medical devices sold under its Suresign brand to pharmacies, health services, and retailers in over 70 countries.

BiotechHealthtechMedical DevicesBallymena, GB

cirdan-imagingcirdan.comin𝕏

Tutor is a cloud-based platform for creating and distributing digital pathology education content including virtual microscopy courses, examinations, and assessments.

AI & Machine LearningCloud ComputingDigital HealthEdTechHealthtechMedical DevicesSaaS

Co-investorsSalica Investments

Cocktail Keg Companycocktailkegcompany.comNov 2024

Cocktail Keg Company (CKC) is a Belfast-based maker of bottled, ready-to-serve cocktails using premium spirits and fresh produce, with a focus on sustainability including a locally grown citrus programme and carbon-neutral goals.

ConsumerDirect to ConsumerE-commerceFoodTechBelfast, GB

Co-investorsBritish Business BankInvestment Fund for Northern Ireland

cumulus-neurosciencecumulusneuro.comin

NeuLogiq is a research platform for clinical trials that integrates tablet-based cognitive assessments, EEG monitoring, and real-world behavioral data to measure brain function changes.

AI & Machine LearningBiotechDigital HealthHealthtechMedical DevicesBelfast, GB

Brian Murphy(Co-Founder & CSO)inTina(CEO)

Co-investorsDementia Discovery FundLifeArc Ventures

CV6 Therapeuticscv6t.comin

CV6 Therapeutics develops investigational cancer therapies designed for combination use with established standards of care, with a lead program (CV6-168) intended to enhance the activity of 5-fluorouracil and other thymidylate synthase-targeted therapies.

BiotechHealthtech

Robert D. Ladner(CEO & Founder)in

Datacticsdatactics.comin𝕏

Datactics provides data quality and matching capabilities through a cloud-enabled platform designed for master data management and digital transformation programmes.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechGovTechSaaSBelfast, GB

Co-investorsKickstart InnovationThule InvestmentsKernel Capital

decom engineeringdecomengineering.co.ukin

Decom Engineering designs and deploys subsea and onshore "Chopsaw" cold-cutting tools and bespoke cutting systems for the offshore energy sector, including precision cuts on risers, conductors and mooring chains.

Advanced ManufacturingEnergyHardwareAberdeen, GB

Sean Conway(Founder)in

Dia Beta Labsdiabetalabs.comin

Dia Beta Labs is a drug discovery and development company focused on diabetes and obesity research.

BiotechDigital HealthHealthtechLongevityMedical DevicesBelfast, GB

Dr. Ryan Lafferty(Founder, CEO)Prof. Peter Simpson(Executive Chair, Co-Founder)Prof. Nigel Irwin(Academic Director, Co-Founder)Prof. Peter Flatt(Scientific Committee, Co-Founder)Prof. Finbarr O'Harte(Scientific Committee, Co-Founder)Prof. Victor Gault(Scientific Committee, Co-Founder)

Co-investorsDSW VenturesQUBISInnovate UKInnovation UlsterInvest Northern Ireland

diaceuticsdiaceutics.com

Diaceutics operates DXRX, a diagnostic commercialization platform that integrates real-world lab, genomic, clinical, claims, and social-determinants data to help pharma and biotech companies commercialize precision-medicine therapies.

BiotechData & InfrastructureDigital Health

Estheresther.internationalin𝕏

ESTHER provides technology and financial services to local governments, foundations, and non-profits for distributing direct financial assistance through prepaid cards and digital platforms.

FintechGovTechImpact & Social Good

Carol Rossborough(CEO)in

Co-investorsAda Ventures

Exact Commsexactcomms.comin𝕏

Exact Comms offers a contactless monitoring platform for facility management and compliance, using real-time location systems to track staff activity, asset usage, and time-and-attendance records.

Enterprise SoftwareIoTSaaSNewry, GB

Co-investorsAustralian Investment NetworkRed Boliviana de InversionesRed Uruguaya de InversionesRed Venezolana de Inversiones

fingernails2gofingernails2go.com𝕏

Fingernails2Go makes nail art printing products that use HP printing technology to produce detailed patterns on nails in seconds.

ConsumerHardware

Fluid Focusfluidfocus.appinJul 2025

Fluid Focus is a mobile app that helps users reduce distracting screen time and build productivity habits by blocking distracting apps and rewarding focus with "Fluid Coins" redeemable for charity donations, wellness brand discounts, and prize draws.

ConsumerFuture of WorkWellness & Fitness

Connor Mason(Founder)inGlenn Stephenson(Founder)in

Frontierxfrontierx.ai

Frontier AI is a real-time sales assistant that joins sales calls to guide reps with suggested questions, answers, and product insights, and captures conversations to surface coaching insights and build data-driven playbooks.

AI & Machine LearningSaaSSales Tech

fusion-antibodiesfusionantibodies.comin𝕏

Fusion Antibodies optimizes antibody development for research and therapeutic applications.

BiotechDeep TechHealthtechMedical DevicesNorthern Ireland, GB

Genome Squaregenomediagnostics.co.uk

GenoME develops liquid biopsy tests using DNA methylation biomarkers for early disease detection and monitoring, particularly in cancer diagnostics.

BiotechDigital HealthHealthtechMedical DevicesUK, GB

GoReportgoreport.comin

GoReport provides a digital platform for property surveyors and inspectors to capture, document, and report findings across residential and commercial properties.

Construction TechEnterprise SoftwarePropTechSaaS

Co-investorsCrescent Capital

guardian-mpsguardianmps.comin

GuardianMPS provides an integrated workforce safety system combining a cloud-based dashboard, mobile app, and physical alert device with 24/7 monitoring center support for real-time emergency response.

Enterprise SoftwareHardwareHealthtechIoTSaaSGloucester, US

Henry(Founder and CEO)Paul Donnelly(Co-founder)inVidette Humphries(Head of Customer Support)

i3 digitali3digital.comin𝕏

Heyn Handling Solutions is a provider of material handling equipment, industrial engineering services and freight forwarding, serving business-to-consumer and business-to-business customers.

Advanced ManufacturingDeveloper ToolsEnterprise SoftwareLogistics & Supply ChainMarketing TechSaaS

Ilimexilimex.co.ukNov 2025

ILIMEX develops UV-C air sterilisation systems engineered for poultry, agricultural, and agri-food environments to eliminate airborne pathogens and strengthen biosecurity.

AgTechCleantechFoodTechHardwareHealthtechBelfast, GB

Gerry Corrigan(CEO)inRichie McCauley(CTO)Anthony Fanning(COO)in

Co-investorsInnovation Ulster

ingressoingresso.co.ukin𝕏

Ingresso operates a ticketing platform that connects venue and attraction systems directly to digital distributors and online travel partners, enabling ticket sales across theatres, museums, galleries, sports venues, and attractions globally.

B2B MarketplacesSaaSTravel & HospitalityLondon, GB

Kelsiuskelsius.comin

Kelsius manufactures and provides wireless temperature monitoring systems and digital HACCP task management solutions for food and life science companies.

Enterprise SoftwareFoodTechHealthtechIoTSaaSFalcarragh, IE

Co-investorsWestern Development Commission

komodokomodomath.com

Komodo is a maths learning app for children aged 4 to 11, designed by teachers to build foundational maths skills through short, personalised sessions used at home.

ConsumerEdTech

Gerard McBreen(Founder)in

Life Cellsmylifecells.net

LifeCellsNI provides cord blood and stem cell extraction and cryogenic storage services for individuals and families, alongside laboratory rentals with GMP-grade processing for researchers, biotech companies, and clinical trials.

BiotechHealthtechLongevity

Lifepasslifepass.eu

LifePass is a ski resort safety and connectivity platform that integrates location monitoring and emergency alerting with ski passes to help families and groups during winter sports activities.

HardwareHealthtechIoTSports TechTravel & Hospitality

Carl Lucas Boenstroem(Founder)in

Liquid Acquireliquidacquire.comin

Liquid provides an AI-powered end-to-end workflow management platform for deal makers to manage M&A transactions in a single secure data room.

AI & Machine LearningEnterprise SoftwareFintechSaaS

Matt Bain(Founder and CEO)inDan Scott(Founder and CTO)in

locate-a-locumlocatealocum.comin𝕏

Locate a Locum provides a platform that helps healthcare workers and healthcare organisations manage staffing and work scheduling.

HealthtechHR TechMarketplaces

LoyalBeloyalbe.ioin

loyalBe helps companies attract and retain customers more efficiently by eliminating wasted marketing budgets, serving brands and financial institutions across 40+ countries.

AdTechFintechMarketing TechBelfast, GB

Cormac Quinn(Founder)in

Co-investorsTechstart Ventures

Lumenstreamlumenstream.comin𝕏

LumenStream provides fully managed energy efficiency services that combine financing, installation, and ongoing support for businesses seeking to modernize infrastructure while reducing carbon footprint and operational costs.

CleantechClimate TechEnergyEnterprise Software

Co-investorsTechstart Ventures

makematicmakematic.comin

Makematic produces educational video content for students, teachers, and professional learners, offering both custom video production services and a licensable catalog of over 2,300 original educational videos.

Creator EconomyEdTechMedia & Entertainment

Modern D squaremoderndemocracy.comin𝕏

Modern Democracy provides a cloud-based digital polling station platform used by local government councils to manage polling stations, verify voter check-ins, and generate real-time analytics and reports.

Cloud ComputingGovTechSaaS

Siobhan Donaghy(Founder)in

MSOmso.co.ukin

MSO (Van Genechten) designs and manufactures custom packaging solutions for brands and consumer products, with services spanning design, production, and supply chain management.

Advanced ManufacturingCircular EconomyConsumerImpact & Social GoodNew Materials

mycarneedsamycarneedsa.comin𝕏

MyCarNeedsA.com is a marketplace that connects car owners with local garages and mechanics to provide competitive quotes for vehicle maintenance and repairs.

B2B MarketplacesConsumerMarketplacesMobility & Transportation

Scott Hamiltonin

Needineedi.co.ukin

Needi is a fully managed corporate gifting and branded merchandise service that curates and delivers gifts tailored to a company's brand, budget and recipients, sourcing from over 300 independent UK makers.

E-commerceEnterprise SoftwareMarketplaces

Louise Doyle(Founder)in

Neurovalensneurovalens.comin𝕏

Neurovalens develops medical devices using neuromodulation technology to address health conditions including obesity and anxiety disorders.

BiotechDeep TechHealthtechMedical DevicesMental HealthNorthern Ireland, GB

Dr. Jason McKeown(MD PhD, Founder)

Co-investorsIQ CapitalBeltrae PartnersBritish Business BankInvest Northern IrelandTechstart Ventures

Photonic Measurementsphotonicmeasurements.com

Photonic Measurements develops UV, IR, and optical water quality measurement instruments for wastewater, drinking water, and environmental monitoring.

Advanced ManufacturingCleantechClimate TechHardwareIoTUK, GB

Co-investorsCrescent Capital

pitchbookingpitchbooking.comin𝕏
PlotBoxplotbox.comin

PlotBox provides deathcare management software integrated with georectified mapping technology to help funeral service providers and families manage cemetery and burial operations.

Enterprise SoftwareSaaS

Sean McAllister(CEO & Co-founder)inLeona McAllister(Co-founder)in

Co-investorsGuinness Ventures

Rapid Mycorapid-myco.com

Rapid-myco Technologies develops bacteriophage-based diagnostic tests for detecting mycobacterial infections in humans and livestock, with rapid turnaround times.

AgTechBiotechFoodTechHealthtechMedical DevicesBelfast, GB

Ashley Cooper(CEO)inProf. Irene Grant(CSO)

Reform RXreformrx.co.ukinSep 2024 · $5.1M

A manufacturer of connected Pilates reformers that combines hardware with on-demand fitness classes via an integrated touchscreen tablet.

ConsumerHardwareSports TechWellness & FitnessUK, GB

Neal McGaffin(Co-founder)inYvette McGaffin(Co-founder)

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Automated IntelligenceharuInclutechINQDATARe-vanaReefLiveSonaspharmaTaka(2)Whatsbanned

Exits · 1

1 acquisitions

surgery-heroacq. by Sword Health

Portfolio news

latest coverage across their companies

Principals & officers · per Companies House

what is this? ⓘ
Thomas Damien Callaghan

Director · Northern Irish · since 2021

Robert Andrew Brian Cummings

Director · British · since 2016

James Paul Curran

Director · British · since 2016

Neil Walter Cochrane Simms

Director · British · since 2003

Ownership & control

Neil Walter Cochrane Simms25–50% of shares

James Paul Curran25–50% of shares

Brian Cummings25–50% of shares

Frequently asked questions

How many investments has Clarendon Fund Managers Ltd. made?
Clarendon Fund Managers Ltd. has 99 tracked investments, 1 of which have exited, including 6 dated in the last 24 months.
What stage does Clarendon Fund Managers Ltd. invest at?
Clarendon Fund Managers Ltd. invests at the Pre-Seed, Seed, Series A, Growth stages.
What is Clarendon Fund Managers Ltd.'s typical check size?
Clarendon Fund Managers Ltd. typically writes checks of $25K – $3.9M.
What sectors does Clarendon Fund Managers Ltd. focus on?
Clarendon Fund Managers Ltd. focuses on Advanced Manufacturing, Biotech, Deep Tech, Energy, Enterprise Software, FoodTech, Healthtech, IoT, Medical Devices, New Materials, SaaS, Sector Agnostic.
Where is Clarendon Fund Managers Ltd. located?
Clarendon Fund Managers Ltd. is headquartered in Belfast, GB.
Who does Clarendon Fund Managers Ltd. co-invest with?
Clarendon Fund Managers Ltd. most often shares deals with Techstart Ventures, DSW Ventures, Emerald Technology Ventures Ag, among 29 tracked co-investors.

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