Fundraising Fox

Kernel Capital

Venture capital

Cork · Seed–Late Stage · 10 people tracked

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Investment thesis

Kernel Capital backs seed, early and growth-stage technology companies, positioning itself as an active partner rather than a passive capital provider. The firm emphasizes a process-driven, execution-oriented investment approach, offering due diligence rigor, strategic guidance, financial experience and access to a broad network of customers and co-investors. Its involvement extends through the full company lifecycle, including support during difficult periods such as receivership and M&A processes, and it has delivered outcomes including IPOs and trade sales (e.g. the sale of Straatum to Lam Research). It works closely with founders and management teams to shape business models and secure key accounts.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Late Stage
Check
$1.1M – $5.4M
HQ
Cork, IE
Instruments
Equity
Founded
2002
AUM
$186.8M
Tracked investments
27

Team · 10 people

from the firm's website & curated & public directories
Dawn Walshin
Ger Goold· Partner and Directorin

What they invest in

from 6 of 27 portfolio companies

Biotech ×3Deep Tech ×2Hardware ×2Medical Devices ×2New Materials ×2AgTech ×1AI & Machine Learning ×1Circular Economy ×1

HQs:United Kingdom×1

Investments · 27 tracked

founders shown can be your intro path
AES
AltraTechaltratech.comin

Altratech has developed a multianalyte molecular diagnostic platform that simultaneously detects and quantifies DNA, RNA, antibodies, and antigens, combining serology and nucleic acid detection in one system.

BiotechDeep TechMedical Devices

Amartus
Arralis

High frequency semiconductor chips

Automated Intelligence

Information and data management software

B-Securb-secur.comin𝕏

B-Secur develops ECG signal-capture technology and FDA-cleared, clinically validated heart-monitoring algorithms that run on-device or in the cloud.

AI & Machine LearningDigital HealthMedical Devices

BioAtlantisbioatlantis.comin𝕏

BioAtlantis develops natural compounds extracted from renewable marine and terrestrial resources to reduce stress in crops, animals, and humans by strengthening natural defence systems.

AgTechBiotechNew Materials

Causeway Sensorscausewaysensors.comin

Causeway Sensors makes a compact device that measures IgG concentration directly from bioreactor samples, providing at-line, real-time data for bioproduction processes.

BiotechDeep TechHardware

Certification Europe
changeoverchangeovertechnologies.comin𝕏

Changeover Technologies develops patented formula and pelletising technology that converts discarded fine-particle waste streams into recyclable pellets, aimed at cleaning up legacy waste and reducing CO2 emissions.

Circular EconomyCleantechNew MaterialsBelfast, GB

Co-investorsClarendon Fund Managers Ltd.

ChipSensors
CIRDAN

Cancer diagnosis and treatment

Code Institute
Corlytics

Analytics software for financial institutions

CrescentDX
Decawavedecawave.com

Decawave developed Ultra-Wideband (UWB) technology, including UWB integrated circuits, modules, and evaluation kits, some compatible with Apple's U1 chip.

HardwareIoTSemiconductors

Co-investorsAct Venture CapitalACT Venture CapitalWestSummit Capital

DisplayNote
Equiendo
Farran Technology
FeedHenry
FerFics

Radio frequency semiconductor component design

HiberGene

Molecular diagnostics for infectious diseases

MPSTOR
Pilot Photonics

Develops integrated photonics technology, including an Optical Frequency Generator Unit (OFGU) using optical comb lasers for next-generation satellite communications.

Radisens Diagnostics
ResourceKraft
Straatumacquired by Lam Research

Semiconductor company acquired by Lam Research Corp in January 2009.

Exits · 1

IPOs and acquisitions across the tracked portfolio

Straatumacq. by Lam Research

Frequently asked questions

How many investments has Kernel Capital made?
Kernel Capital has 27 tracked investments, 1 of which have exited via acquisition or IPO.
What stage does Kernel Capital invest at?
Kernel Capital invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is Kernel Capital's typical check size?
Kernel Capital typically writes checks of $1.1M – $5.4M.
What sectors does Kernel Capital focus on?
Kernel Capital focuses on Advanced Manufacturing, Biotech, Consumer, Data & Infrastructure, Deep Tech, EdTech, Enterprise Software, Hardware, Healthtech, Medical Devices, SaaS, Semiconductors.
Where is Kernel Capital located?
Kernel Capital is headquartered in Cork, IE.
Who does Kernel Capital co-invest with?
Kernel Capital most often shares deals with ACT Venture Capital, Act Venture Capital, Clarendon Fund Managers Ltd., among 4 tracked co-investors.

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