Entries by kcweb

Waste Systems Ltd, Co Tyrone Win Export Orders

Successful deployment of Waste Systems Proflow DST, August 2016, Manchester: Waste Systems Ltd, a Kernel Capital portfolio company, confirm that they have entered into a distribution agreement with EPS Ltd to supply their Proflow DST system which is built on the company’s production line at Plumbridge Co. Tyrone. EPS Ltd are part of the Finlay […]

ADDITIONAL INVESTMENT IN TCAS ONLINE

Kernel Capital through the Bank of Ireland Kernel Capital Venture Funds is pleased to confirm an additional €500,000 investment in portfolio company TCAS Online Limited (“TCAS”), a leading provider of accommodation management software. Participants in the investment with Kernel Capital include existing private investors. Founded in 2010, by Barry Murphy, TCAS now employs 25 people […]

LEAD €500,000 INVESTMENT IN CODE INSTITUTE

From left: Kevin Healy, Manager Corporate Banking Ireland, Bank of Ireland; Helen Norris, Kernel Capital; Jim Cassidy, CEO, Code Institute & Joe Healy, Manager HPSU Accelerate Department, Enterprise Ireland.Cork, Ireland,8th July 2016: Kernel Capital through the Bank of Ireland Kernel Capital Venture Funds is pleased to confirm a €500,000 investment in Code Institute, syndicated by Enterprise Ireland. Established in 2014 to […]

ZETO SECURE MAJOR CONTRACT FOLLOWING €1.7M INVESTMENT

Kernel Capital through the Bank of Ireland Kernel Capital Venture Funds have led a €1.7m investment in Zeto, a Cork based technology firm established by father and son, Michael and Stephen Slattery. The firm developed and sell cloud based software for wireless management of commercial refrigeration systems. Following this funding round which includes commitments from Business Venture […]

INVESTMENT PERFORMANCE

The Bank of Ireland Kernel Capital Growth Funds are six separate long term venture capital vehicles totalling £170m/ €210m and are independently managed by Kernel Capital. Established in 2002 Kernel Capital currently has fund management contracts until 2025 and a portfolio of over seventy five export focussed companies employing more than one thousand people on the […]

‘GAME CHANGER’ DISPLAYNOTE MULTI MILLION POUND EXPORT LICENSE DEAL

From Left: Mark O’Brien, Commercial Branch Manager, Belfast City Branch, Bank of Ireland; Paul Brown, CEO, DisplayNote; Andy Bell, CTO, DisplayNote and Dr. Daniel McCaughan, CTO, Kernel Capital. Belfast, 18th February 2016: Bank of Ireland Kernel Capital portfolio company DisplayNote Technologies has signed a multi-million pound contract with Sahara PLC. “This deal strengthens the relationship between Sahara and DisplayNote […]

EXPORT LED GROWTH DELIVERS £3.5M INVESTMENT ROUND TO LISBURN’S CIRDAN IMAGING

From Left:  Allen Martin, Senior Investment Executive, Kernel Capital; Hugh Cormican, CEO, Cirdan Imaging and Gillian Sadlier, Senior Business Manager, Business Banking NI, Bank of Ireland.Belfast, 4th February 2016: Kernel Capital through the Bank of Ireland Kernel Capital Growth Funds is pleased to confirm the completion of a £2.9m investment in Cirdan Imaging Limited as part of a £3.5m investment round. Established […]

HIBERGENE CLOSES €1.5M SERIES B TRANCHE

From Left: Dawn Walsh, Marketing Manager, Kernel Capital; Brendan Farrell, CEO, HiberGene Diagnostics and Kevin Healy, Manager, Corporate Banking Ireland, Bank of Ireland.Cork, Ireland 22nd January 2016: Kernel Capital is delighted to announce that the Bank of Ireland Kernel Capital Venture Funds investee company HiberGene Diagnostics has secured a first tranche of €1.5m as part of a planned […]

LIMERICK BASED ARRALIS SECURES ALMOST €2m in CONTRACTS

From left: Julie Sinnamon, CEO Enterprise Ireland; Enda Kenny, Taoiseach; Jan Wörner, Director General ESA; Barry Lunn, CEO Arralis. Cork, Ireland 12th January 2016: Since Kernel’s investment in Limerick-based Arralis in 2014, the company has met many milestones in their international market expansion. Following on from their recent deal worth €1.45m with Chinese companies Beijing Bluesky Aviation Technology and […]