The Bank of Ireland Kernel Capital Funds
Lead €1.5M Investment in Kianda Technolgies
Kernel Capital through the Bank of Ireland Kernel Capital Growth Fund, supported by Enterprise Ireland has led a €1.5M investment in Kianda Technologies. Co-founded in 2016 by Osvaldo and Derya Sousa Dublin-based Kianda has created a cloud-based automation platform that allows users, with or without coding skills, to digitise and streamline their business processes. The Company has delivered solid organic growth, with over 25,000 users and international clients including Deme Group, Mercury, Uniphar and Aji Bio Pharma. Kianda’s low-code / no-code platform is enabling an increasing number of organisations to bridge the digital skills gap and keep pace with new demands and growth.
The surge in remote working has accelerated the adoption of low-code / no-code development technologies, a market which Gartner estimate is $13.8 billion in 2021 and growing in excess of 20% per annum.
“Our vision is to grow our company and become a market leader in no-code development market. Our motto is ‘we are makers’ and we want to empower people with or without tech skills to become makers like us and address their digitalisation needs themselves.”
Derya Sousa, Co-Founder, Kianda Technologies
“Kianda is a company on a positive growth trajectory with an excellent product, strong team and building ‘blue-chip’ clients based in the UK, US, Belgium and Australia. The achievements of the company to date are impressive and this new funding will ensure the expansion of the team and greater resources for enhanced product development.”
Niall Olden, Managing Partner, Kernel Capital
“We are delighted to see the Bank of Ireland Kernel Capital Growth Fund lead this investment in Kianda Technologies, a solid company ideally placed to capitalise on the acceleration in digital transformation as the remote / hybrid working environment takes hold.”
Donal Duffy, Senior Director, Corporate Banking, Bank of Ireland
“Kianda is a great example of an innovative early stage start-up that has grasped an emerging market opportunity. The continuous drive towards digitisation offers significant potential for Kianda to scale and disrupt across multiple sectors. We look forward to continuing to support the team at Kianda as they grow the business across global markets.”
Niall McEvoy, Manager High Potential Start-Ups (ICT), Enterprise Ireland
Kernel Capital was advised by RDJ on this transaction and Kianda Technologies by FOD Solicitors.