How many investments has Kernel Capital made?

Kernel Capital has 28 tracked investments, 1 of which have exited.

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.

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.

Kernel Capital

Venture capital

Cork · Seed–Late Stage · 10 people tracked

★ Follow + Add to CRM ⤳ Find an introduction

Find your way into Kernel Capital

791 people in our graph share verified history with the Kernel Capital team — schools, employers, funds. One of them is your warm intro.

Vinnie Lauriaunlockedknows Niall Olden · together at Kauffman Fellows (overlapped)

×6knows the team · via KPMG

knows the team · via Kauffman Fellows

×2knows the team · via The University of Tokyo

×2knows the team · via Trinity College Dublin

✨ Fox Verdict

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.

Invests inAdvanced Manufacturing Biotech Consumer Data & Infrastructure Deep Tech EdTech Enterprise Software Hardware Healthtech Medical Devices SaaS Semiconductors Global Ireland United Kingdom

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Late Stage

Check

$1.1M – $5.4M

Cork, IE

Instruments

Equity

Founded

2002

AUM

$186.8M

Tracked investments

Acquisitions

Team · 10 people

from the firm's website & curated & public directories

Colin O'Brien

Dawn Walsh· Charleston, South Carolina Metropolitan Area

Dr. Daniel McCaughan

Neil Murphy

Padraic White

Denise Sidhu· Partner and Director· Irelandin

Denise Sidhu is a Director and Partner at Kernel Capital, where she serves on the Venture Capital Funds' Investment Committees. With over 20 years of venture capital experience investing in and advising early-stage technology companies in Ireland and the UK, she holds board positions with several portfolio companies including Cirdan Imaging, B-Secur, Nova Leah, and Kianda Technologies. She serves as a Council Member at The National Competitiveness and Productivity Council and previously chaired the Irish Venture Capital Association.

d•••@kernelcapital.iereveal

Ger Goold· Partner and Director· Irelandin

Ger Goold is a Kauffman Fellow, a member of Class 17 of the two-year venture capital leadership program run by Kauffman Fellows. The program's member directory lists them at Kernel Capital in Ireland.

g•••@kernelcapital.iereveal

Niall Olden· Managing Partner and Director· Cork Metropolitan Areain

Niall Olden is Managing Partner of Kernel Capital, a Dublin-based venture capital firm regulated by the Central Bank of Ireland and authorised by the UK Financial Conduct Authority, operating offices in Cork, Belfast, and Dublin. He established the firm in 1999 and has led over 40 portfolio companies employing more than 1,200 people, completing 27 trade sales, two public listings, and raising approximately €1.5 billion across 250+ fundraisings for portfolio companies. Olden holds an M.Sc. in International Business from Trinity College Dublin and a B.Comm from the National University of Ireland, Cork, and is a Fellow of the Irish Academy of Engineers and Chartered Management Accountant.

n•••@kernelcapital.iereveal

Hiroyuki Usuda· Marketing Manager· Cambridge, United Kingdomin

Joined AVM in 2026 after serving as Scouting & Transaction Lead in Business Development at Astellas in Cambridge, UK, evaluating European technologies and leading collaborations, licensing and M&A. Began his career as a medicinal chemist at Astellas. Holds a PhD in Pharmaceutical Sciences from the University of Tokyo with postdoc training at Harvard University.

Mark Glukhovsky

What they invest in

from 7 of 28 portfolio companies

AI & Machine Learning ×3Biotech ×3Healthtech ×3Deep Tech ×2Hardware ×2IoT ×2Medical Devices ×2New Materials ×2

HQs:United Kingdom×4Ireland×2

Investments · 28 tracked

founders shown can be your intro path

AltraTechaltratech.com in✓ verified

Altratech develops point-of-care diagnostic technology for quantitative HIV viral load testing in low- and middle-income countries.

AI & Machine LearningBiotechDeep TechHealthtechMedical DevicesIreland, IE

Dr. Tara Dalton(Chief Executive)

Co-investorsClaret Capital Partners Enterprise Ireland Infinity Capital

B-Securb-secur.com in 𝕏Nov 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)in Adrian Condon(Chief Technology Officer)in David Brown(Chief Operating Officer)in Thompson Godfrey(Chief Product Officer)in

Co-investorsAccelerated Digital Ventures ADV Clarendon Fund Managers Ltd.

BioAtlantisbioatlantis.com in 𝕏

BioAtlantis develops bioactive compounds extracted from seaweed and terrestrial resources to mitigate stress in plants, animals, and humans.

AgTechBiotechHealthtechNew MaterialsCounty Kerry, IE

John T. O'Sullivan(CEO)in

Causeway Sensorscausewaysensors.com in

Causeway Sensors develops nanotechnology-based sensors for applications in biotech and therapeutics production.

BiotechDeep TechHardwareBelfast, GB

Antony Murphy(Chief Executive Officer)in

BoardBob Pollard(Chairman of the Board)

Co-investorsQUBIS

changeoverchangeovertechnologies.com in 𝕏

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-investorsClarendon Fund Managers Ltd.

Datacticsdatactics.com in 𝕏

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-investorsClarendon Fund Managers Ltd.Kickstart Innovation Thule Investments

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 Capital ACT Venture Capital WestSummit Capital Atlantic Bridge Ventures

Other

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

AESAmartusArralisAutomated IntelligenceCertification EuropeChipSensorsCIRDANCode InstituteCorlyticsCrescentDXDisplayNoteEquiendoFarran TechnologyFeedHenryFerFicsHiberGeneMPSTORPilot PhotonicsRadisens DiagnosticsResourceKraftStraatum

Exits · 1

1 acquisitions

Straatumacq. by Lam Research

Frequently asked questions

How many investments has Kernel Capital made?: Kernel Capital has 28 tracked investments, 1 of which have exited.
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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