Ireland Launches $40 Million Seed Fund

Nov 22 2009 | 3:49pm ET

Ireland has launched the EUR 26 million ($40 million) Bank of Ireland Seed and Early Stage Equity Fund to invest in startup and early stage companies.

The fund will focus on export-orientated, high potential startups in the technology (including green technology), food and financial services sectors, in addition to supporting patent and patent-pending projects within Irish universities. It will be managed on behalf of Bank of Ireland and the other partners by Kernel Capital

This is the eighth new fund supported by the Irish government through Enterprise Ireland’s Seed and Venture Capital Program 2007-2012. It comprises an investment by Bank of Ireland of EUR 17 million ($25 million), EUR 8 million ($12 million) from Enterprise Ireland, and EUR 1 million ($1.5 million) by University of Limerick Foundation (ULF).

The new fund brings total assets under management by Kernel Capital and its Life Science associate firm Seroba Kernel to EUR 190 million ($283 million).

The Bank of Ireland Seed and Early Stage Equity Fund will make investments ranging from EUR 100,000 to EUR 500,000 ($150,000 to $550,000).

Interested in cleantech investing?
Visit our sister publication:
Clean Tech Brief


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.