About Kernel Capital
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 participated in the $***** Series B round of Pretto Overall, Kernel Capital portfolio has seen 1 unicorn, 3 IPOs and 23 acquisitions including key companies like Silicon Labs, Doctolib 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 7 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Kernel Capital's List of Top Investments
Kernel Capital has a portfolio of 81 companies, one of which is a Unicorn. Their most notable investments are in Intune Networks and Pilot Photonics.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. Silicon Labs
Developer of wireless and non-wireless technologies, software, tools, and services. The company provides solutions for wireless protocols, including Bluetooth, Wi-Fi, and Zigbee. It offers products for industrial IoT, smart cities, connected health, and smart retail applications. The company also provides development tools, software development kits, and documentation. Services include custom part manufacturing, developer support, and extended maintenance.
Key facts about Silicon Labs
- Founded Year: 1996
- Location: Austin (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2025
- Stage: Acquired
- Employee Count: 2,579 as on May 31, 2026
- Investors: Silverton Partners, CenterPoint Ventures and 6 Others
- Latest Funding Round: Grant (prize money), Feb 22, 2025, $*****
- Highlight: Acquired
2. 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
3. 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
- Employee Count: 120 as on May 31, 2026
- Investors: Enterprise Ireland, Intercept Ventures and 2 Others
- Latest Funding Round: Series B, Feb 03, 2020, $*****
- Highlight: Acquired
4. 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
- Employee Count: 50 as on May 31, 2026
- Investors: MV Global, Kernel Capital and 34 Others
- Latest Funding Round: ICO, May 13, 2021, $*****
- Highlight: Editors' Pick
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5. 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
Kernel Capital's Year-on-Year Investment Trends
Kernel Capital has invested in 81 companies over the last 25 years, with an average of 2 new investments annually in the last 10 years. Its most recent first time investment was in Reveal and most recent follow-on round was in Pretto.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 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 |
Kernel Capital's Investments by Stage
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.Stage of entry | No. of Investments |
|---|---|
Seed | 37 |
Series A | 17 |
Series B | 3 |
PE | 1 |
Series E | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Kernel Capital's Investments by Sector
Kernel Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Life Sciences, Semiconductors and Enterprise Infrastructure. Notably, it has invested in 64 Enterprise (B2B) companies, 60 Tech companies, 43 Software companies and at least 17 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 22 |
High Tech | 15 |
Life Sciences | 11 |
Semiconductors | 7 |
Enterprise Infrastructure | 6 |
Others | 63 |
Note: We have considered here, only first round of investments
Kernel Capital's Investments by Geography
Kernel Capital has made most investments in Ireland (43), followed by United Kingdom where it has made 11 investments.Country | No. of Investments |
|---|---|
Ireland | 43 |
United Kingdom | 11 |
France | 3 |
United States | 2 |
Singapore | 1 |
Note: We have considered here, only first round of investments
Kernel Capital's recent investments
Kernel Capital has not made any investment in 2026 so far.Here are the most recent investments by Kernel Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 16, 2024 | France | Series B | 1066 | [+4] | |
Oct 12, 2023 | United Kingdom | Series A | 9846 | ||
Apr 27, 2022 | France | Series A | 6698 | [+5] | |
Mar 24, 2022 | Ireland | Seed | 1696 | - | |
Jan 25, 2022 | France | Series B | 3450 | [+4] |
Unicorns in Kernel Capital's Portfolio
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 |
|---|---|---|---|---|---|---|---|
74 | Online platform for booking doctor appointments | 2013 | Levallois Perret | Series G | {{wmdaw |
IPOs and Publicly Listed companies 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.Here are Kernel Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 12, 2018 | Mar 23, 2017 | Seed | 3309 | |
- | Dec 01, 2007 | PE | 8901 | |
- | - | - | 6791 |
Acquired companies in Kernel Capital's Portfolio
23 companies from Kernel Capital's portfolio have been acquired. The most recent acquisition was Silicon Labs in Feb 2026 by Texas Instruments for $*****.Here are Kernel Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 04, 2026 | - | - | 8689 | |
Apr 09, 2024 | Jun 18, 2015 | Seed | 2777 | |
Jul 03, 2023 | Jun 30, 2014 | Series A | 3062 | |
Dec 16, 2021 | Feb 15, 2017 | Seed | 5723 | |
Nov 16, 2021 | Oct 05, 2015 | Seed | 2786 |
Team profile of Kernel Capital
Kernel Capital has a team of 7 members including 3 Partners and 1 Principal located in United States and Ireland. 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 |
|---|---|---|---|---|
Partner | Cork | - | ||
Partner | Cork | - | ||
Partner | San Francisco | - | ||
Principal | Los Angeles | - |
Co-investors of Kernel Capital
Over the past 25 years, 153 investors have co-invested in Kernel Capital's portfolio companies. This includes funds and angels.
- Invested before Kernel Capital: Enterprise Ireland, Pierre Kosciusko Morizet and 46 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: 55 investors entered a company along with Kernel Capital. These include investors like Enterprise Ireland (27 companies).
- Invested after Kernel Capital: A total of 50 investors have invested in Kernel Capital's portfolio after their investments. Top Investors include Europa (9 companies), EIC Fund (5 companies) and Department of Business, Enterprise and Innovation (2 companies).
Recent News related to Kernel Capital
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SuiPad - MystenLabs Official Launchpad Partner, Secured $1.155 Million in FundingACCESSWIRE•Apr 26, 2023•SuiPad, NGC Ventures, GBV Capital, Cogitent and 4 others
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Monopoly Millionaire Game Raised $1 Million in Seed FundingSmartliquidity•Jul 12, 2022•Monopoly Millionaire Game, Ventory Labs, Kernel Capital, Mint Ventures and 2 others
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DCU spin-out Pilot Photonics scores €1.8m investmentSilicon Republic•Mar 24, 2022•Pilot Photonics, Kernel Capital, Bank of Ireland, DCU
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Bank of Ireland Kernel Capital Growth Funds £1.5mSync NI•Mar 15, 2022•Bank of Ireland, Kernel Capital, Qubis
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Causeway secures €1.8m in investment for nanosensor platformThe Irish Times•Mar 15, 2022•Causeway Sensors, Qubis, Kernel Capital, Bank of Ireland
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Pretto raises 30 million euros to deploy its B2B platformFrenchWeb•Jan 25, 2022•Pretto, Kernel Capital, Alven, BlackFin and 4 others
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Altratech raises €5m for molecular detection programmeThe Irish Times•Dec 13, 2021•Altratech, Kernel Capital, Infinity Capital, Enterprise Ireland and 2 others
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Nova Leah gets backing from US health giant to expand cybersecurity reachSilicon Republic•Dec 07, 2021•Nova Leah, Northwell, Kernel Capital, Sure Valley Ventures
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Kernel Capital portfolio company B-Secur raises £8.8mAngel News•Nov 12, 2021•B-Secur, First Capital Ventures, Kernel Capital
