When was Kernel Capital founded?

Kernel Capital was founded in 1999.

Where is Kernel Capital's headquarters located?

Kernel Capital's headquarters is located in Cork ( Ireland ).

How big is Kernel Capital's investment team?

Kernel Capital has a team of 10, including 6 partners.

How many companies has Kernel Capital invested in?

Kernel Capital has invested in 81 companies, including Doctolib & Silicon Labs.

Which companies has Kernel Capital invested in lately?

Pretto & Cirdan Imaging are the latest investments by Kernel Capital.

What sectors does Kernel Capital focus on for investments?

Top sectors in Kernel Capital's portfolio are Enterprise Applications (27 investments) and High Tech (22 investments).

What stages of companies does Kernel Capital typically invest in?

Kernel Capital primarily invests in Seed and Series A stages.

How many exits has Kernel Capital been involved in?

Kernel Capital's portfolio has seen 3 IPOs and 22 acquisitions.

How many unicorns are there in Kernel Capital's portfolio?

There is 1 unicorn in Kernel Capital's portfolio.

Kernel Capital - 2025 Investor Profile, Portfolio, Team & Investment Trends - Tracxn

Kernel Capital is a venture capital firm founded in 1999. It is primarily based out of Cork, Ireland. As of Oct 2024, Kernel Capital has invested in 81 companies. It primarily invests in Seed round in Ireland based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Life Sciences. Most recently it led the $15.3M Series B round of Pretto along with Eurazeo. This round also saw participation from Alven and other investors.

Overall, Kernel Capital portfolio has seen 1 unicorn, 3 IPOs and 22 acquisitions including key companies like Doctolib, Silicon Labs and Corlytics. A lot of funds co-invest with Kernel Capital, with names like Enterprise Ireland sharing a substantial percentage of its portfolio.

Kernel Capital has team of 10 people including 6 partners.

Key Metrics

Team Members

Niall Olden, Ger Goold & 8 more

Portfolio Count

Doctolib, Silicon Labs & 79 more

Portfolio Sectors

Enterprise Applications, High Tech & 25 more

Portfolio Locations

Ireland, United Kingdom & 4 more

Rounds of Entry

Seed, Series A & 4 more

Portfolio IPOs

Immersive VR Education, Silicon Labs & 1 more

Portfolio Acquisitions

Corlytics, DisplayNote & 20 more

Portfolio Unicorns

Doctolib

Portfolio Soonicorns

Pretto & Reveal

Deals in last 12 months

Pretto & Cirdan Imaging

Kernel Capital has a portfolio of 81 companies, one of which is a Unicorn. Their most notable investments are in Pilot Photonics and Intune Networks.Their portfolio spans across Ireland, United Kingdom, United States and 3 more locations. They have invested in Enterprise Applications, High Tech, Life Sciences and 24 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Kernel Capital:

1. Doctolib

Online platform for booking doctor appointments. The platform enables users to search and book doctors based on locality and specialization for in-person and remote consultations. Users can receive automatic reminders and find appointment history and medical documents in the app. It also provides a software for doctors to manage appointments, collaborate with other doctors etc.

Key facts about Doctolib

Founded Year: 2013
Location: Levallois Perret (France)
Valuation: $6.5B as on Mar 15, 2022
Stage: Series G
Total Funding till date: $866M
Investors: General Atlantic, Idinvest Partners and 15 Others
Latest Funding Round: Series G, Aug 03, 2022, $51M
Highlight: Editors' Pick

2. Silicon Labs

Developer of wireless connectivity solutions and embedded technology. It offers a portfolio encompassing various wireless protocols, including Bluetooth, Wi-Fi, and Matter. The company provides hardware and software platforms, development tools, and ecosystem support to facilitate the creation of connected devices across diverse applications, such as smart home, industrial IoT, and healthcare. Services include custom part manufacturing and extended SDK maintenance. The company also offers resources like software documentation, training, and community support to aid developers throughout the product development lifecycle.

Key facts about Silicon Labs

Founded Year: 1996
Location: Austin (United States)
Annual Revenue: $868M as on Dec 31, 2018
Stage: Public
Employee Count: 1,889 as on Dec 31, 2024
Investors: Auratum, Austin Ventures and 5 Others
Latest Funding Round: Grant (prize money), Feb 22, 2025, $23M
Highlight: Public

3. Pretto

Online marketplace for residential mortgage loans. It uses a proprietary algorithm that compares multiple loan products and provides users with loans from appropriate lending partners. It features borrower insurance, e-books, and more. The application is available on Android and iOS platforms.

Key facts about Pretto

Founded Year: 2016
Location: Saint Ouen (France)
Stage: Series B
Total Funding till date: $59.9M
Investors: Eurazeo, Kernel Capital and 10 Others
Latest Funding Round: Series B, Oct 16, 2024, $15.3M
Highlight: Editors' Pick

4. Corlytics

Regulatory and compliance risk management for financial firms. It provides a risk intelligence company that provides data analytics based suite of regulatory risk analytics and regulatory risk benchmarks for financial institutions globally. The suite has different benchmarks for different segments and services. It helps in finding the root cause of regulatory fines and uncovering predicting regulatory risk within the financial markets. It provide pace-setting technology solutions that- find; interpret, analyse, implement regulations to the highest standard expected by regulators.

Key facts about Corlytics

Founded Year: 2013
Location: Dublin (Ireland)
Stage: Acquired
Total Funding till date: $29M
Investors: Kernel Capital, Enterprise Ireland and 2 Others
Latest Funding Round: Series B, Feb 03, 2020, $11.1M
Highlight: Acquired

5. Metis

Blockchain-based application development platform for developers. It allows developers to launch a DApp, token, or any other kind of project on the platform. It offers solutions for low gas fees, fast transactions, native storage, security, and more.

Key facts about Metis

Founded Year: 2018
Location: Singapore (Singapore)
Stage: Seed
Total Funding till date: $4M
Investors: Kernel Capital, Titan Capital and 34 Others
Latest Funding Round: ICO, May 13, 2021, $5.05M
Highlight: Editors' Pick

Want to see the entire list?

Kernel Capital has invested in 81 companies over the last 24 years, with an average of 2 new investments annually in the last 10 years. In 2024, it made 1 investment. Its most recent first time investment was in Reveal and most recent follow-on round was in Pretto.

Here are Kernel Capital's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2025 (YTD)	0	0	0
2024	0	1	1
2023	0	1	1
2022	2	2	4
2021	1	4	5
2020	1	2	3
2019	2	2	4
2018	4	3	7
2017	4	4	8
2016	4	0	4

View all investments by Kernel Capital

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Kernel Capital has made 37 investments in Seed stage with an average round size of $1.12M, 17 investments in Series A stage with an average round size of $6.4M and 3 investments in Series B stage with an average round size of $28M.

Here are Kernel Capital's investments by stage:

Note: We have considered here, only first round of investments

Stage of entry	No. of Investments
Seed	37
Series A	17
Series B	3
PE	1
Series E	1
Others	1

View all investments by Kernel Capital

Kernel Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Life Sciences, Enterprise Infrastructure and Semiconductors. Notably, it has invested in 61 Enterprise (B2B) companies, 60 Tech companies, 28 Software companies and at least 17 companies focusing on Saas.

Here are Kernel Capital's investments by sector:

Note: We have considered here, only first round of investments

Sector	No. of Investments
Enterprise Applications	19
High Tech	16
Life Sciences	11
Enterprise Infrastructure	7
Semiconductors	7
Others	62

View all investments by Kernel Capital

Kernel Capital has made most investments in Ireland (44), followed by United Kingdom where it has made 10 investments.

Here are Kernel Capital's investments by geography:

Note: We have considered here, only first round of investments

Country	No. of Investments
Ireland	44
United Kingdom	10
France	3
United States	2
Singapore	1

View all investments by Kernel Capital

Kernel Capital has not made any investment in 2025 so far.

Here are the most recent investments by Kernel Capital:

Date	Company	Location	Round Details	Round Amount	Co-Investors
Oct 16, 2024	Pretto	France	Series B	$15.3M	Serena [+4]
Oct 12, 2023	Cirdan Imaging	United Kingdom	Series A	$2.83M	Clarendon Fund Managers
Apr 27, 2022	Reveal	France	Series A	$50M	Insight Partners [+5]
Mar 24, 2022	Pilot Photonics	Ireland	Seed	$2.42M	-
Jan 25, 2022	Pretto	France	Series B	$34M	Alven [+4]

Get the detailed list of all investments by Kernel Capital. Download now!

See more recent investments made by Kernel Capital

Kernel Capital has 1 unicorn in its portfolio - Doctolib. The most recent unicorn in their portfolio is Doctolib which became a unicorn in 2019.

Here is a list of unicorns in Kernel Capital's portfolio:

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
77	Doctolib	Online platform for booking doctor appointments	2013	HealthTech	Levallois Perret	Series G	gaimp{v

View more details about unicorns in Kernel Capital's portfolio

3 of Kernel Capital's portfolio companies have become public. Immersive VR Education got listed on the London Stock Exchange (LSE), in Mar 2018 at marketcap of $29M and Silicon Labs got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $1.44B.

Here are Kernel Capital's portfolio companies that went public:

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Immersive VR Education	Mar 12, 2018	Mar 23, 2017	Seed	$1.08M
Silicon Labs	Mar 23, 2000	-	-	-
Merrion	-	-	-	-

View more details about public companies in Kernel Capital's portfolio

22 companies from Kernel Capital's portfolio have been acquired. The most recent acquisition were Corlytics in Apr 2024 by Verdane.

Here are Kernel Capital's portfolio companies that got acquired most recently:

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Corlytics	Apr 09, 2024	Jun 18, 2015	Seed	$1.13M
DisplayNote	Jul 03, 2023	Jun 30, 2014	Series A	$1.9M
OncoMark	Dec 16, 2021	Feb 15, 2017	Seed	$2.23M
swiftQueue	Nov 16, 2021	Oct 05, 2015	Seed	$616K
Sonru	Jul 17, 2020	May 28, 2010	Seed	$337K

View all acquired companies in Kernel Capital's portfolio

Kernel Capital has a team of 10 members including 6 Partners and 1 Venture Partner located in Ireland, United Kingdom and 1 more locations. Kernel Capital's team does not sit on the board of any company as of now.

Here is a list of all team members in Kernel Capital:

Name	Designation	Location	Board Memberships	Contact details
Niall Olden	Partner	Cork	-	2 Emails
Ger Goold	Partner	Cork	-	1 Email
Daniel Mccaughan	Partner	Holywood	-	1 Email
Denise Sidhu	Partner	Cork	-	1 Email
Mark Glukhovsky	Partner	San Francisco	-	1 Email
Ralph Parkes	Partner	Ireland	-	1 Email
Fred Smyth	Venture Partner	Belfast	-	1 Email
Padraic White	Advisor	Ireland	-	1 Email
Peter Fitzgerald	Advisor	Belfast	-	1 Email
Brendan Vaughan	Associate	Ireland	-	1 Email

Get the full list of Kernel Capital's team & partners for free. Download now!

View team details of Kernel Capital

Over the past 24 years, 160 investors have co-invested in Kernel Capital's portfolio companies.

Invested before Kernel Capital: Enterprise Ireland, Pierre Kosciusko Morizet and 36 others have invested in rounds before Kernel Capital. There are 5 companies where Enterprise Ireland has invested before Kernel Capital and 2 companies where Pierre Kosciusko Morizet has invested before Kernel Capital.
Top Co-investors of Kernel Capital: 49 investors entered a company along with Kernel Capital. These include investors like Enterprise Ireland (27 companies).
Invested after Kernel Capital: A total of 73 investors have invested in Kernel Capital's portfolio after their investments. Top Investors include European Union (9 companies), EIC Fund (5 companies) and Clarendon Fund Managers (2 companies).