About Kernel Fund
Kernel Fund is a venture capital firm founded in 2014. It is primarily based out of Seattle, United States. As of Sep 2022, Kernel Fund has invested in 3 companies. It primarily invests in Series A round in France based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Retail and Consumer. Most recently it participated in the $***** Series B round of MyTraffic A lot of funds co-invest with Kernel Fund, with names like Alven sharing a substantial percentage of its portfolio. Kernel Fund has team of 6 people including 6 partners.Key Metrics
Team Members
Portfolio Sectors
Rounds of Entry
Seed & Series A
Kernel Fund's List of All Investments
Kernel Fund has a portfolio of 3 companies. Their most notable investmentis in SendyTheir portfolio spans across France, Kenya and Nigeria. They have invested in Enterprise Applications, Retail, Consumer and 2 other sectors, across stages such as Seed, Series A stages. Here is the list of all investments by Kernel Fund:1. MyTraffic
Cloud-based market intelligence solution. Its solutions enable users to specify a commercial location to obtain all traffic-related data of that place. It enables commercial real estate investors and agents to analyze the pedestrian flow map of the area, target relevant locations, improve the performance of a store, and more.
Key facts about MyTraffic
- Founded Year: 2015
- Location: Paris (France)
- Stage: Series B
- Total Funding till date: $45.2M
- Employee Count: 112 as on Sep 30, 2026
- Investors: Nauta Capital, AXA Venture Partners and 2 Others
- Latest Funding Round: Series B, Sep 2022, $*****
- Highlight: Editors' Pick
2. Sendy
App-based platform providing end-to-end fulfillment services. It connects delivery partners and courier services with individuals and businesses for the delivery of packages, documents, electronics, food, groceries, boxes, tool, and shopping. Its features include the setup of multiple drop-off locations for the same order, delivery tracking, and online payments. Its app is available across the web, Android, and iOS platforms.
Key facts about Sendy
- Founded Year: 2014
- Location: Nairobi (Kenya)
- Stage: Deadpooled
- Total Funding till date: $27M
- Employee Count: 200 - 499 as on Mar 01, 2026
- Investors: Atlantica Ventures, Goodwell Investments and 18 Others
- Latest Funding Round: Series B, Nov 09, 2022, $*****
3. Heels.com.ng
Heels.com.ng is an online retailer of footwear. They offer products from a range of brands including Enzo Angiolini, Nine West, etc. They claim to deliver all the orders within 24 hrs in Lagos and 48 hrs anywhere in the country. They offer free shipping on orders delivered in Lagos.
Key facts about Heels.com.ng
- Founded Year: 2013
- Location: Lagos (Nigeria)
- Stage: Seed
- Employee Count: 2 as on Sep 30, 2026
- Investors: Leadpath Nigeria and Kernel Fund
- Latest Funding Round: Seed, Jan 05, 2015, $*****
Kernel Fund's Year-on-Year Investment Trends
Kernel Fund has invested in 3 companies over the last 11 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in MyTraffic and most recent follow-on round was in MyTraffic.Kernel Fund's Investments by Stage
Kernel Fund has made 2 investments in Seed stage with an average round size of $1M and 1 investment in Series A stage with an average round size of $11.7M.Stage of entry | No. of Investments |
|---|---|
Seed | 2 |
Series A | 1 |
Note: We have considered here, only first round of investments
Kernel Fund's Investments by Sector
Kernel Fund has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, High Tech and Transportation and Logistics Tech. Notably, it has invested in 3 Tech companies, 2 Enterprise (B2B) companies, 2 Software companies and at least 1 company focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Consumer | 2 |
Enterprise Applications | 2 |
Retail | 2 |
High Tech | 1 |
Transportation and Logistics Tech | 1 |
Note: We have considered here, only first round of investments
Kernel Fund's Investments by Geography
Kernel Fund has made most investments in France (1), followed by Kenya where it has made 1 investment.Country | No. of Investments |
|---|---|
France | 1 |
Kenya | 1 |
Nigeria | 1 |
Note: We have considered here, only first round of investments
Kernel Fund's recent investments
Kernel Fund has not made any investment in 2026 so far.Here are the most recent investments by Kernel Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 2022 | France | Series B | 3377 | [+1] | |
Sep 23, 2021 | France | Series A | 1607 | ||
Nov 04, 2015 | Kenya | Seed | 5217 | [+1] | |
Jan 05, 2015 | Nigeria | Seed | 3290 | - |
Team profile of Kernel Fund
Kernel Fund has a team of 6 members including 6 Partners located in United States and Nigeria. Kernel Fund's team does not sit on the board of any company as of now.Here is a list of all team members in Kernel Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Nigeria | - | - | |
Partner | Seattle | - | - | |
Partner | Seattle | - | - | |
Partner | Washington, DC | - | - | |
Partner | New York City | - | - | |
Partner | Seattle | - | - |
Co-investors of Kernel Fund
Over the past 11 years, 15 investors have co-invested in Kernel Fund's portfolio companies. This includes only funds.
- Top Co-investors of Kernel Fund: 3 investors entered a company along with Kernel Fund. These include investors like Alven (1 company).
- Invested after Kernel Fund: A total of 12 investors have invested in Kernel Fund's portfolio after their investments. Top Investors include AXA Venture Partners (1 company), DOB Equity (1 company) and CFAO Group (1 company).
Recent News related to Kernel Fund
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Pretto raises 14 million euros and doubles its market share despite an unfavorable contextFrenchWeb•Oct 16, 2024•Pretto, Eurazeo, Orange, Serena and 6 others
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Performance rights group ASCAP announces a new digital teamTechCrunch+•Sep 22, 2016•Ascap, https://alicekim.ca, Kernel Fund
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Kenya's Sendy Raises undisclosed funding from Safaricom Spark Fund to ramp up its salesTechMoran•Nov 04, 2015•Sendy, safaricom.co.k, Kernel Fund, Savannah Fund
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Safaricom invests in a local startup - Sendy | Kachwanya.com | Kenya Tech NewsKachwanya•Nov 04, 2015•Sendy, safaricom.co.k, Kernel Fund, Savannah Fund
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